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Old 06-27-2014, 06:28 AM   #76
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Good timing. If you would have bought that house in 2006 you would be underwater on it.
Exactly. I picked up a few places on 2008, after packing away money starting 2003 or so. Right now people are in the same price up, bidding up cycle that I can't believe people are doing again.... I am again stocking money for the next **** storm, then I will buy as much as I can.

The hardest part during those busts is getting financing, even with 30% plus down if not more. It weird, in in 2008 all the other buyers out there were investors picking up bargains....
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Old 06-27-2014, 07:26 AM   #77
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I guess not. Let me ask again. Do you have a problem with deliberate manipulation of gdp numbers? I don't really care if Europeans are going to begin doing it too. I already know they're crooked.
The facts: It's an update to the same reporting standard we, and the rest of the industrial world, have used since the fifties.

Talk to Gaffney about your conspiracy theories.
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Old 06-27-2014, 11:35 AM   #78
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Brit evidently is so stupid he swallows the official lie about the economy. Everyone else, read on.

I have posted every word of PCR's latest because every word is spot on. It's why W*gs, Brit and other knee jerks despise PCR. He is telling the awful truth. MHG

A New Recession and a New World Devoid of Washington’s Arrogance?
By Paul Craig Roberts

June 26, 2014 "ICH" - June 25, 2014.
A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing economists in January of this year. The number is a decline in GDP of -2.9 percent.

The negative growth rate of -2.9 percent is itself an understatement. This number was achieved by deflating nominal GDP with an understated measure of inflation. During the Clinton regime, the Boskin Commission rigged the inflation measure in order to cheat Social Security recipients out of their cost-of-living adjustments. Anyone who purchases food, fuel, or anything knows that inflation is much higher than the officially reported number.

It is possible that the drop in first quarter real GDP is three times the official number.

Regardless, the difference is large between the January forecast of +2.6 percent growth and the decline as of the end of March of -2.9 percent.

Any economist who is real and unpaid by Wall Street, the government, or the Establishment knew that the +2.6 percent forecast was a crock. Americans’ incomes have not grown except for the one percent, and the only credit growth is in student loans, as those many who cannot find jobs mistakenly turn to “education is the answer.” In an economy based on consumer demand, the absence of income and credit growth means no economic growth.

The US economy cannot grow because corporations pushed by Wall Street have moved the US economy offshore. US manufactured products are made offshore. Look at the labels on your clothes, your shoes, your eating and cooking utensils, your computers, whatever. US professional jobs such as software engineering have been moved offshore. An economy with an offshored economy is not an economy. All of this happened in full view, while well-paid free market shills declared that Americans were benefiting from giving America’s middle class jobs to China and India.

I have been exposing these lies for a decade or two, which is why I am no longer invited to speak at American universities or to American economic associations. Economists love the money that they receive for lying. A truth teller is the last thing that they want in their midst.

An official decline of -2.9 percent in the first quarter implies a second quarter GDP decline. Two declines in a row is the definition of recession.


Imagine the consequences of a recession. It means that years of unprecedented Quantitative Easing failed to revive the economy. It means that years of Keynesian fiscal deficits failed to revive the economy. Neither fiscal nor monetary policy worked. What then can revive the economy?

Nothing except to force the return of the economy that the anti-American corporations moved offshore.

This would require credible government. Unfortunately, the US government has been losing credibility since the second term of the Clinton regime. It has none left.


Today no one anywhere in the world believes the US government except the brain dead Americans who read and listen to the “mainstream media.” Washington’s propaganda dominates the minds of Americans, but produces laughter and scorn everywhere else.

The poor US economic outlook has brought America’s two largest business lobbies–the US Chamber of Commerce and the National Association of Manufacturers (or what is left of them) into conflict with the Obama regime’s threat of further sanctions against Russia.

According to Bloomberg News, beginning tomorrow (June 26), the business groups will run advertisements in the New York Times, Wall St Journal, and Washington Post opposing any further sanctions on Russia. The US business organizations say that the sanctions will harm their profits and result in layoffs of American workers.

Thus, America’s two largest business organizations, important sources of political campaign contributions, have finally added their voice to the voices of German, French, and Italian business.

Everyone, except the brainwashed American public, knows that the “crisis in Ukraine” is entirely the work of Washington. European and American businesses are asking: “why should our profits and our workers take hits in behalf of Washington’s propaganda against Russia.”

Obama has no answer. Perhaps his neocon scum, Victoria Nuland, Samantha Powers, and Susan Rice can come up with an answer. Obama can look to the New York Times, Washington Post, Wall Street Journal, and Weekly Standard to explain why millions of Americans and Europeans should suffer in order that Washington’s theft of Ukraine is not endangered.

Washington’s lies are catching up with Obama. German chancellor Merkel is Washington’s complete whore, but German industry is telling Washington’s whore that they value their business with Russia more than they value suffering in behalf of Washington’s empire. French businessmen are asking Hollande what he proposes to do with their unemployed workers if Holland goes along with Washington. Italian businesses are reminding that government, to the extent that Italy has one, that uncouth Americans have no tastes and that sanctions on Russia mean a hit to Italy’s most famous and best recognized economic sector–high style luxury products.

Dissent with Washington and Washington’s two-bit puppet rulers in Europe is spreading. The latest poll in Germany reveals that three-quarters of Germany’s population reject permanent NATO bases in Poland and the Baltic states. The former Czechoslovakia, currently Slovakia and the Czech Republic, although NATO members, have rejected NATO and American troops and bases on their territory. Recently, the Polish foreign minister said that pleasing Washington required giving free oral sex for nothing in return.

The strains that Washington’s morons are putting on NATO might break the organization apart. Pray that it does. NATO’s excuse for existence disappeared with the Soviet collapse 23 years ago. Yet, Washington has increased NATO far beyond the borders of the North Atlantic Treaty Organization. NATO now runs from the Baltics to Central Asia. In order to have a reason for NATO’s continued expensive operation, Washington has had to construct an enemy out of Russia.

Russia has no intention of being Washington’s or NATO’s enemy and has made that perfectly clear. But Washington’s military/security complex, which absorbs about $1 trillion annually of US hard-pressed taxpayers’ money, needs an excuse to keep the profits flowing.

Unfortunately the Washington morons picked a dangerous enemy. Russia is a nuclear armed power, a country of vast dimensions, and with a strategic alliance with China.

Only a government drowning in arrogance and hubris or a government run by psychopaths and sociopaths would pick such an enemy.


Russia’s President Vladimir Putin has pointed out to Europe that Washington’s policies in the Middle East and Libya are not merely total failures but also devastatingly harmful to Europe and Russia. The fools in Washington have removed the governments that suppressed the jihadists. Now the violent jihadists are unleashed. In the Middle East the jihadists are at work remaking the artificial boundaries set by the British and French in the aftermath of World War I.

Europe, Russia and China have Muslim populations and now must worry if the violence that Washington has unleashed will bring destabilization to regions of Europe, Russia and China.

No one anywhere in the world has any reason to love Washington. Least of all Americans, who are being bled dry in order that Washington can parade military force around the world. Obama’s approval rating is a dismal 41 percent and no one wants Obama to remain in office once his second term is complete. In contrast, two-thirds of the Russian population want Putin to remain president after 2018.

In March the poling agency, Public Opinion Research Center, released a report that Putin’s approval rating stood at 76 percent despite the agitation against him by the US financed Russian NGOs, hundreds of fifth column institutions that Washington established in Russia during the past two decades.

On top of US political troubles, the US dollar is in trouble. The dollar is kept afloat by rigged financial markets and Washington’s pressure on its vassal states to support the dollar’s value by printing their own currencies and purchasing dollars. In order to keep the dollar afloat, much of the world will be inflated. When people finally catch on and rush into gold, the Chinese will have it all.

Sergey Glazyev, an adviser to President Putin, has told the Russian president than only an anti-dollar alliance that crashes the US dollar can halt Washington’s aggression. That has long been my opinion. There can be no peace as long as Washington can print more money with which to finance more wars.


As the Chinese government stated, it is time to “de-Americanize the world.” Washington’s leadership has totally failed the world, producing nothing but lies, violence, death, and the promise of more violence. America is exceptional only in the fact that Washington has, without remorse, destroyed in whole or part seven countries in the new 21st century. Unless Washington is replaced with more humane leadership, life on earth has no future.

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.
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Old 06-27-2014, 11:56 AM   #79
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Brit evidently is so stupid he swallows the official lie about the economy. Everyone else, read on.

I have posted every word of PCR's latest because every word is spot on. It's why W*gs, Brit and other knee jerks despise PCR. He is telling the awful truth. MHG
As usual, you have no idea what you're talking about. So you have to post more PCR trooferspeak.

Be specific about what you think I believe and bring something other than troofer conspiracy nonsense to the table.

You have for years been predicting: the crash/end of the dollar, the crash of the stock market, war with Iran, a worldwide depression, gold will hit a bazillion dollars an ounce, the end of the dollar as a world currency.....
and endless other predictions.

You have me on ignore, which is another lie. A narcissist blowhard like you has too much pathological vanity to use the iggy.

What have we learned from you??

You're consistently wrong and lack the integrity to admit you are.

Last edited by DenverBrit; 06-27-2014 at 12:30 PM..
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Old 06-27-2014, 12:09 PM   #80
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Another day, another performance by der gaffen-fuehrer as PCR's bi-yotch.
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Old 06-27-2014, 04:41 PM   #81
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When Obama first released his formula for recalculating gdp, conservative estimates were that it artificially added +0.5% to quarterly gdp numbers. Let's go with that.

quarterly gdp average reported = 1.11% (old method)
quarterly gdp average reported = 1.61% (new way)


Therefore, even with QE1, QE2, Twist, QE3, and zero interest rate policy for Obama's entire presidency, Obama still only averages 1.11% average annual growth.

That's INCLUDING Obama racking up $8.5T in debt already in the first 6 years of his presidency (which is also added onto gdp).
Corporate croonies will be pimping the Dem/Libs and establishment Republicans this cycle. The stupid part will be having to listen to wigs, rigs, and the other idiot Dem/Libs paint Republicans as the corporatist.
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Old 06-27-2014, 04:44 PM   #82
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Hey Bobo. Still don't agree with the job numbers I posted?
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Old 06-27-2014, 04:58 PM   #83
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We need a new foreign corp tax system. I'm sort of surprised it's not an issue the left and right agree on. When Bill Clinton talks about it, when Bush JR talked about it, you would think it is a bipartisan issue.

trying to get 35% from it sounds great until you realize the companies can just leave the money overseas and it never gets taxed. We have to change that. We have to get some revenue from that profit to offset the loss of jobs. Think about it. Other countries work to make our companies a profit overseas, and we get tax revenue from it. Or our jobs leave and none of the money comes home, zero re-investing, zero tax revenue.

It's strange to me it's not the biggest issue out there as far as our economy and taxes go.
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Old 06-27-2014, 05:03 PM   #84
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We need a new foreign corp tax system. I'm sort of surprised it's not an issue the left and right agree on. When Bill Clinton talks about it, when Bush JR talked about it, you would think it is a bipartisan issue.

trying to get 35% from it sounds great until you realize the companies can just leave the money overseas and it never gets taxed. We have to change that. We have to get some revenue from that profit to offset the loss of jobs. Think about it. Other countries work to make our companies a profit overseas, and we get tax revenue from it. Or our jobs leave and none of the money comes home, zero re-investing, zero tax revenue.

It's strange to me it's not the biggest issue out there as far as our economy and taxes go.
I've been stating this for years. EVERY SINGLE developed country in the world has lowered the corporate tax rate in the last 20 years. The US has not, and thus has the highest corporate tax rate in the world.


Attempting to teach economic comprehension to a Socialist is like trying to teach physics to a monkey. They just don't get it, and they never will.
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Old 06-27-2014, 06:19 PM   #85
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I've been stating this for years. EVERY SINGLE developed country in the world has lowered the corporate tax rate in the last 20 years. The US has not, and thus has the highest corporate tax rate in the world.


Attempting to teach economic comprehension to a Socialist is like trying to teach physics to a monkey. They just don't get it, and they never will.
You would think they could agree on something so important. Especially since the result would actually be more revenue and more services for all their pet programs. Hell you could pay for welfare with prob even 5% of foreign corp profits.
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Old 06-27-2014, 06:21 PM   #86
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But by trying to squeeze 35% of course they stick it offshore. We all would. It's good for the stock market i guess but not so good for Americans.

We should force corp to pay a small % on all overseas profits. Not on gross but the net after they pay taxes in that country etc etc.

make it small enough it won't screw the bottom line up too much, but still lot's of revenue for govt right?
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Old 06-27-2014, 06:23 PM   #87
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Price what's funny is I have a good friend who is a liberal and he is constantly repeating Clinton wanted to change the corp tax and split it into zones like other countries do.

We try with economic zones etc etc but they don't go far enough.
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Old 06-27-2014, 06:53 PM   #88
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Price what's funny is I have a good friend who is a liberal and he is constantly repeating Clinton wanted to change the corp tax and split it into zones like other countries do.

We try with economic zones etc etc but they don't go far enough.
Even Obama gave it lip service, but Socialists have a huge problem. They've worked up their base so much into falsely believing their economic propaganda that literally have nowhere to go on the tax issue.

1. They say, "raising taxes on the rich is fair"
2. "Lowering taxes, doesn't lead to increased revenue"
3. "Lowering taxes on corporations is evil, we should raise it up to 90%"

They constantly demonize lowering taxes, because their goal is to have government and control over the entire economy. With that mantra, their whole entire agenda will be exposed for the sham that it is (as if it hasn't already), when corporate taxes are inevitably lowered, economic activity increases, and jobs start coming back to the US.

These people literally have no clue about economics, or why the US is the biggest economic engine the world has ever known. They don't get simple concepts like individual rights, freedom, and prosperity. It's not part of their vocabulary.
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Old 06-27-2014, 06:57 PM   #89
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Price what's funny is I have a good friend who is a liberal and he is constantly repeating Clinton wanted to change the corp tax and split it into zones like other countries do.
Bill Clinton was the last Democrat with any sense whatsoever. Everyone in the party now is Socialist or Communist. They all have a fantasy to be like Europe now. Even though, the US has economically dominated Europe for centuries. And not by accident either. It was because of the US Constitution and American innovation due to competition and free-market economies.
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Old 06-27-2014, 07:10 PM   #90
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Bill Clinton was the last Democrat with any sense whatsoever. Everyone in the party now is Socialist or Communist. They all have a fantasy to be like Europe now. Even though, the US has economically dominated Europe for centuries. And not by accident either. It was because of the US Constitution and American innovation due to competition and free-market economies.

It became the world's top economic power around 1920, shortly after WW1 as Europe became decimated by the war.

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By 1920 it was the supreme financial power in the world, having displaced Great Britain during the First World War.
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Old 06-27-2014, 07:14 PM   #91
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It became the world's top economic power around 1920, shortly after WW1 as Europe became decimated by the war.
Don't decimate a conservative on a "USA! USA! USA!" neo-fascist rant with the facts.

They hate that.
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Old 06-27-2014, 07:35 PM   #92
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Don't decimate a conservative on a "USA! USA! USA!" neo-fascist rant with the facts.

They hate that.
You might want to brush up on the definition of "fascism"

fascism - authoritarian, intolerant form of government


Pretty much fits your boy Obama to a 't' doesn't it? Nowhere in the US Constitution will you find the 'fascism' that the Socialist Progressives so proudly flaunt.

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Old 06-27-2014, 07:41 PM   #93
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It became the world's top economic power around 1920, shortly after WW1 as Europe became decimated by the war.
This graph depicts the US as having the largest share of the world's GDP since at least 1870.

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Old 06-27-2014, 07:50 PM   #94
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You might want to brush up on the definition of "fascism"

fascism - authoritarian, intolerant form of government


Pretty much fits your boy Obama to a 't' doesn't it? Nowhere in the US Constitution will you find the 'fascism' that the Socialist Progressives so proudly flaunt.
Scratch a conservative, find a proto-fascist.

No wonder you guys get all creamy in your panties over Putin.
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Old 06-27-2014, 08:20 PM   #95
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Scratch a conservative, find a proto-fascist.

No wonder you guys get all creamy in your panties over Putin.
Its the commie that are fascist. Please tell me what American conservatives have in common with Putin?
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Old 06-27-2014, 08:36 PM   #96
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Its the commie that are fascist. Please tell me what American conservatives have in common with Putin?
They drool over sucking that virile he-man cock.
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Old 06-27-2014, 08:37 PM   #97
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It's funny when liberals show they are closet homophobes. W*GS breaking out the gay jokes.
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Old 06-27-2014, 08:40 PM   #98
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It's funny when liberals show they are closet homophobes. W*GS breaking out the gay jokes.
What gay jokes?

It's pretty damned clear that conservatives, especially of your ilk, get themselves all chubbed over Putin.

He's a manly he-man, while Obama is a mom-jeans-wearing poosy.

According to the right-wing brain trust (stupider than a gnat, of which you, cut, are a prime example), that is...
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Old 06-27-2014, 08:48 PM   #99
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They drool over sucking that virile he-man cock.
A punt? . A phukcing punt. Why don't you punt yourself out of here you piece of $h!t.
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Old 06-27-2014, 08:51 PM   #100
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W*GS is losing it, just like he did to the football team back in HS.
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