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	<title>Comments on: Beaver talk</title>
	<atom:link href="http://www.greaterfool.ca/2009/02/26/beaver-talk/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/</link>
	<description>Book and Weblog - Authored by Garth Turner</description>
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		<title>By: Soylent Green is People</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20552</link>
		<dc:creator>Soylent Green is People</dc:creator>
		<pubDate>Mon, 02 Mar 2009 20:06:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20552</guid>
		<description>Re #53 Rick on 02.27.09 at 9:53 am Hi Mel (#32),

I hope to God you didn&#039;t achieve your well-off financial status on the backs of your children!  But I&#039;m afraid it sounds like you threw them into institutional day care orphanage so she could make all that extra money.

If you did, shame on you;  extra shame on your wife for abandoning her children to strangers so she could bring in more cash.  Shame shame shame.  Don&#039;t be surprised when your children throw you into a daycare when you&#039;re 88 and abandon your ass in spite.

Day care is used by morons and total jerks.

Please tell me a grandmother looked after them for you at least?????</description>
		<content:encoded><![CDATA[<p>Re #53 Rick on 02.27.09 at 9:53 am Hi Mel (#32),</p>
<p>I hope to God you didn&#8217;t achieve your well-off financial status on the backs of your children!  But I&#8217;m afraid it sounds like you threw them into institutional day care orphanage so she could make all that extra money.</p>
<p>If you did, shame on you;  extra shame on your wife for abandoning her children to strangers so she could bring in more cash.  Shame shame shame.  Don&#8217;t be surprised when your children throw you into a daycare when you&#8217;re 88 and abandon your ass in spite.</p>
<p>Day care is used by morons and total jerks.</p>
<p>Please tell me a grandmother looked after them for you at least?????</p>
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		<title>By: R Alton</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20545</link>
		<dc:creator>R Alton</dc:creator>
		<pubDate>Mon, 02 Mar 2009 18:49:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20545</guid>
		<description>I really think that people should be careful about money they might invest in equities.  Much of the commentary about real estate also applies to equities. 
    Boomers drove up the price of real estate and they, through pension funds and RRSPs, other investment vehicles also drove up the price of equities and commodities, and a great deal of this is also delevaraging.  Just as they can’t eat their house, they can’t eat their equity investments.  They will need to cash out.  We are entering a phase where an increasing segment of the population  will be spending down the assets they have accumulated so far.</description>
		<content:encoded><![CDATA[<p>I really think that people should be careful about money they might invest in equities.  Much of the commentary about real estate also applies to equities.<br />
    Boomers drove up the price of real estate and they, through pension funds and RRSPs, other investment vehicles also drove up the price of equities and commodities, and a great deal of this is also delevaraging.  Just as they can’t eat their house, they can’t eat their equity investments.  They will need to cash out.  We are entering a phase where an increasing segment of the population  will be spending down the assets they have accumulated so far.</p>
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		<title>By: Grunt</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20377</link>
		<dc:creator>Grunt</dc:creator>
		<pubDate>Sun, 01 Mar 2009 02:29:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20377</guid>
		<description>I would like to go on the record as being the first (and only?) poster to predict $5000 an ounce gold before 2011.

Id also like to predict the collapse of the American and Canadian dollar and a merger into the Amero, but I cant say exactly when.

For more on this, check out http://www.theinternationalforecaster.com/ and see its written by a guy that was &quot;in the business&quot; when Garth was chasing pimply fat chicks in high school.

&lt;em&gt;I went to a private school for boys. -- Garth&lt;/em&gt;</description>
		<content:encoded><![CDATA[<p>I would like to go on the record as being the first (and only?) poster to predict $5000 an ounce gold before 2011.</p>
<p>Id also like to predict the collapse of the American and Canadian dollar and a merger into the Amero, but I cant say exactly when.</p>
<p>For more on this, check out <a href="http://www.theinternationalforecaster.com/" rel="nofollow">http://www.theinternationalforecaster.com/</a> and see its written by a guy that was &#8220;in the business&#8221; when Garth was chasing pimply fat chicks in high school.</p>
<p><em>I went to a private school for boys. &#8212; Garth</em></p>
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		<title>By: Pension Guy</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20360</link>
		<dc:creator>Pension Guy</dc:creator>
		<pubDate>Sat, 28 Feb 2009 22:18:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20360</guid>
		<description>Mike B - Just about every decent investment manager in Canada were massively underweight Nortel at that time - hardly a great achievement. 

Some opinion of myself? Hardly. I&#039;m just saying I&#039;ll take their opinions over your half-baked ideas. &quot;Most people here&quot; may have followed the markets for a long time but they don&#039;t do it full-time and they aren&#039;t trusted with tens of billions of dollars. Alpha is a zero-sum game, the reason institutional managers can make money is b/c of people like you who think they know more than they do. You can boast about predicting this and predicting that - you predict enough things and chances are you&#039;ll be right sometimes - as they say, even a blind squirrel finds a nut once in awhile. 

I just think it is silly to speak with confidence about the market going to 4000 because of quant/technical systems. If so confident, I hope you are leveraging up on index puts...</description>
		<content:encoded><![CDATA[<p>Mike B &#8211; Just about every decent investment manager in Canada were massively underweight Nortel at that time &#8211; hardly a great achievement. </p>
<p>Some opinion of myself? Hardly. I&#8217;m just saying I&#8217;ll take their opinions over your half-baked ideas. &#8220;Most people here&#8221; may have followed the markets for a long time but they don&#8217;t do it full-time and they aren&#8217;t trusted with tens of billions of dollars. Alpha is a zero-sum game, the reason institutional managers can make money is b/c of people like you who think they know more than they do. You can boast about predicting this and predicting that &#8211; you predict enough things and chances are you&#8217;ll be right sometimes &#8211; as they say, even a blind squirrel finds a nut once in awhile. </p>
<p>I just think it is silly to speak with confidence about the market going to 4000 because of quant/technical systems. If so confident, I hope you are leveraging up on index puts&#8230;</p>
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		<title>By: Future Expatriate</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20355</link>
		<dc:creator>Future Expatriate</dc:creator>
		<pubDate>Sat, 28 Feb 2009 21:12:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20355</guid>
		<description>#156: Jeannie, why this time is unlike all other times before:

The paper Ponzi scheme has never collapsed to the extent that it has; total collapse; financial annihilation. Weimar Germany, Zimbabwe, with a North American pretty lying face on the carnage. All the King&#039;s horses and all the King&#039;s men will not put Humpty back together again.

What you are witnessing is idiots trying to put out a fire in a building that is 98% lost with torches and firehoses filled with gasoline, not water.

Furthermore, the consortiums who manipulate gold prices by dumping tons of what they know is utterly worthless gold paper on the market to drive the price down so they can pick up the real bars at bargain-basement prices are just about out of worthless paper TO dump. Once that occurs, gold will never be artificially knocked down again.

Will there be fluctuations? Of course, but at a level far above today&#039;s valuation. Once everyone recognizes that gold paper is worthless, it will be much harder to daytrade and virtually impossible to manipulate prices, and the lemming day surfer fluctuation factor will no longer apply.

It will be those who hold gold who will have real money for homes at the bottom of the market, not paper-pushers and paper-believers. Cash is in a bubble right now, while gold is still far below historical norms adjusted for inflation. A gold &quot;bubble&quot; hasn&#039;t even started yet, as only the uber-riche are clued-in enough to hoard it.

Always do the DIRECT opposite of what the elite want you to do; always. Right now they want people to dump gold like lemmings so they can scoop it up at bargain rates.</description>
		<content:encoded><![CDATA[<p>#156: Jeannie, why this time is unlike all other times before:</p>
<p>The paper Ponzi scheme has never collapsed to the extent that it has; total collapse; financial annihilation. Weimar Germany, Zimbabwe, with a North American pretty lying face on the carnage. All the King&#8217;s horses and all the King&#8217;s men will not put Humpty back together again.</p>
<p>What you are witnessing is idiots trying to put out a fire in a building that is 98% lost with torches and firehoses filled with gasoline, not water.</p>
<p>Furthermore, the consortiums who manipulate gold prices by dumping tons of what they know is utterly worthless gold paper on the market to drive the price down so they can pick up the real bars at bargain-basement prices are just about out of worthless paper TO dump. Once that occurs, gold will never be artificially knocked down again.</p>
<p>Will there be fluctuations? Of course, but at a level far above today&#8217;s valuation. Once everyone recognizes that gold paper is worthless, it will be much harder to daytrade and virtually impossible to manipulate prices, and the lemming day surfer fluctuation factor will no longer apply.</p>
<p>It will be those who hold gold who will have real money for homes at the bottom of the market, not paper-pushers and paper-believers. Cash is in a bubble right now, while gold is still far below historical norms adjusted for inflation. A gold &#8220;bubble&#8221; hasn&#8217;t even started yet, as only the uber-riche are clued-in enough to hoard it.</p>
<p>Always do the DIRECT opposite of what the elite want you to do; always. Right now they want people to dump gold like lemmings so they can scoop it up at bargain rates.</p>
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		<title>By: pbrasseur</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20347</link>
		<dc:creator>pbrasseur</dc:creator>
		<pubDate>Sat, 28 Feb 2009 19:56:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20347</guid>
		<description>@ Glenn

Speculating on gold may work as it has for homes, for a while, not so for the greater fools...</description>
		<content:encoded><![CDATA[<p>@ Glenn</p>
<p>Speculating on gold may work as it has for homes, for a while, not so for the greater fools&#8230;</p>
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		<title>By: Jeannie</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20340</link>
		<dc:creator>Jeannie</dc:creator>
		<pubDate>Sat, 28 Feb 2009 19:01:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20340</guid>
		<description>There are some of us still alive(!) who remember the last big run up on gold, silver too. 

Like the rest of the lemmings we spent most of our savings on these metals, and waited for the financial jackpot.
Imagine our surprise when the value of these &#039;precious&#039; little coins dropped as quickly as they&#039;d risen. We shoulda cashed out when the price of gold hit $1,000..  but no, we believed the hype, and lost a bundle. 
Good luck to another generation of &#039;Gold Miners&#039; hope you&#039;re timing is better than ours.</description>
		<content:encoded><![CDATA[<p>There are some of us still alive(!) who remember the last big run up on gold, silver too. </p>
<p>Like the rest of the lemmings we spent most of our savings on these metals, and waited for the financial jackpot.<br />
Imagine our surprise when the value of these &#8216;precious&#8217; little coins dropped as quickly as they&#8217;d risen. We shoulda cashed out when the price of gold hit $1,000..  but no, we believed the hype, and lost a bundle.<br />
Good luck to another generation of &#8216;Gold Miners&#8217; hope you&#8217;re timing is better than ours.</p>
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		<title>By: Bill-Muskoka (NAM)</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20333</link>
		<dc:creator>Bill-Muskoka (NAM)</dc:creator>
		<pubDate>Sat, 28 Feb 2009 17:53:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20333</guid>
		<description>#154  Glenn on 02.28.09 at 10:39 am

Might I suggest you watch out for &#039;Shrinking profits&#039;?  LOL</description>
		<content:encoded><![CDATA[<p>#154  Glenn on 02.28.09 at 10:39 am</p>
<p>Might I suggest you watch out for &#8216;Shrinking profits&#8217;?  LOL</p>
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		<title>By: Glenn</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20320</link>
		<dc:creator>Glenn</dc:creator>
		<pubDate>Sat, 28 Feb 2009 15:39:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20320</guid>
		<description>Fresh out of meds, Garth!

Can I borrow some of yours?

January 2003 Silver price per ounce = $5

January 2008 Silver price per ounce = $12

Remember, gold and silver are the mountain that all fiat currency is trying to climb. 

The greatest storer of wealth since the beginning of time...the noble metals.

Ok Im off to see my shrink. He wants to buy 20 ounces of silver from my stock, you see. &gt;:)</description>
		<content:encoded><![CDATA[<p>Fresh out of meds, Garth!</p>
<p>Can I borrow some of yours?</p>
<p>January 2003 Silver price per ounce = $5</p>
<p>January 2008 Silver price per ounce = $12</p>
<p>Remember, gold and silver are the mountain that all fiat currency is trying to climb. </p>
<p>The greatest storer of wealth since the beginning of time&#8230;the noble metals.</p>
<p>Ok Im off to see my shrink. He wants to buy 20 ounces of silver from my stock, you see. &gt;:)</p>
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		<title>By: Bill-Muskoka (NAM)</title>
		<link>http://www.greaterfool.ca/2009/02/26/beaver-talk/comment-page-4/#comment-20318</link>
		<dc:creator>Bill-Muskoka (NAM)</dc:creator>
		<pubDate>Sat, 28 Feb 2009 15:26:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=1815#comment-20318</guid>
		<description>Last night&#039;s &#039;Flashpoint&#039; (a Canadian series filmed in Toronto and aired on American CBS network) depicted the coming reality some of these greedy arseholes will be facing from displaced people, while they still take huge personal profits.</description>
		<content:encoded><![CDATA[<p>Last night&#8217;s &#8216;Flashpoint&#8217; (a Canadian series filmed in Toronto and aired on American CBS network) depicted the coming reality some of these greedy arseholes will be facing from displaced people, while they still take huge personal profits.</p>
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