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  1. #1
    Tcgs started this thread.
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    we got in trouble by lending to the wrong people
    (we got in trouble by lending too much.)
    (ive seen capable people abandon a house cause its price not cashflow)

    House worth 100k on a loan of 97k, market drops, owners bail, banks now have a home worth 80k that they spent 97k on

    we put people in houses we KNEW they couldn"t afford
    (ARM!!!!!!) Ajdustable Rate Mortgage, You can afford it at 3% but not %5.
    (Better hope our market does great!!!! HindSight)



    we built mc mansions and wondered why they were vaccant
    (Fully capable people giving up cause they owe more than its worth)
    (dumb Investments)(bad Finances)

    we demolished starter home to build them then wonder why nobody can afford a home
    (NOBODY IS LENDING AT 97%)(PEOPLE WANT TO BUY)
    HOUSING SHORTAGE, NOT BUYER SHORTAGE
    SELLERS DONT WANT TO SELL TILL PRICES ARE UP

    95% of this country lives way above their means the ones living in them aren"T jumnping to go buy a home because the prices don"t make sence
    (Your right, the majority of us are way over leveraged and not good with $)
    (oh id jump on houses right now. man is it a great time for RE, I expect it to be short tho.)

    i am 29 so you and i are the same age how many of your friends are still living at home are underemployed or employed at all
    (Most of my HS friends are burn outs, and people my age have no drive. Ive been employed since 13 and have never needed unemployment, unfortunately my friends have.)

    answer those and see where is goes thee system worked for 60 years than we lent to the wrong people and backed it with illusion $$$ we took away the illusion $$$ but the houses are no vacant with no buyers in site

    (MINOR CHANGES) THE SYSTEM THAT HAS WORKED FOR 60 YEARS HAS FINALLY FAILED. WE LENT OUT TOO MUCH TO THE WRONG PEOPLE AND HAVE TRIED TO BUY OUR WAY OUT WITH PHONY CASH. THE RICH ARE BUYING AND POOR ARE FORECLOSED.

    people only get older not younger there is a transition aas we get older from starter home to bigger home adda a kid or 2 better job little bigger home then retire kids move out we downsize each transition follows
    (The american dream? Get a starter home, them move to a bigger home, and have a kid or two, and a decent job, retire when kids move out, and downsize to fit new lifestyle?)
    (My american dream. Get a home, settle in, try to make $, buy a second home, live in that, rent the other out. Build a big business, have a large house, with land, time to spend there, and time to spend with my kids and grand kids. Oh and Scrap metal millionaire)

    lets assume your right for a second that scrappers control the currency holding doesn"t make it worth more any open mine producing puts you right back out of the running
    (holding is only your savings, imagine when the farmers will only accept real money for milk or bread, what will you use? I have silver dimes, worth about 2-3 each and these will pay for my food when the dollar cant.

    %$%$%$%$%$%
    Right now steel pays XXX/Ton
    if the dollar is devalued by 50 % Steel will pay 2*XXX/ton
    Good pay in bad times for people in the right biz SCRAPPERS!!!!!
    $^^$^$^$^$^$^$^$^^$

    the problem with commodities is they are based on limited supply if i am holding and you are selling my commodities becomes less valued

    (IN MACROECONOMICS you and I are hardly a factor, now CHINA is a factor.)
    Last edited by Tcgs; 06-02-2013 at 10:19 PM. Reason: Exaggeration control
    GREENTRUCK
    "CHANGING THE WAY YOU LOOK AT RECYCLING"

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  3. #2
    copycat is offline Metal Recycling Entrepreneur
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    Tcgs,
    My grandfather has been telling me this for years. Its gonna happen and nobody knows when. I'm also preparing for this.

  4. #3
    Tcgs started this thread.
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    If anyone wants to do a bit of research on their own, I would look for speeches and videos from Ron Paul and Bill Still. While these two say they disagree with each other, they both agree that this change is coming. They can also give you a bit of FORESIGHT as to where we actually are today.
    Bill Still's Secret of Oz
    Videos - Campaign for Liberty

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  6. #4
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    fractional silver and gold are good to have regardless of what happens

    i am holding off on the bitcoin rigs till the ati 8000's come down in price, not ready to start the builds yet but its coming, i am planning on building 3 rigs with 3 cards each, platinum certified power supplies have already come down and so have the ssd's
    I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
    I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE

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    You are forgetting the other key factor in economics - demand. Where will be the demand if the market tanks and new products are more expensive?
    Specializing in Maximum value for mixed precious metal printed circuit boards and electronics

    Check out our pricing and read some of our RAVING reviews: http://www.scrapmetalforum.com/scrap...tal-scrap.html
    QUESTIONS? Email us: info@CashForComputerScrap.com
    or Chat with us: www.CashForComputerScrap.com

  8. #6
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    Anything is possible, a massive war could break out and oil, copper, nickel and steel could be the most valuable. And the ones stockpiling steel and copper would win. Or precious metals could take off due to new technologies needing them. Thats why its important to diversify into various commodities.

    Like ewasted said new products being more expensive. And that is definitely happening, look at what palladium and platinum have done in recent years due to emissions demand. What will happen once the car boom in china is over to the prices of platinum and palladium?

    a worldwide depression would cut industrial demand to nothing, along with hyperinflation which would cause people to pull out of currencies and move into commodities

  9. #7
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    I have no guns so I don't have any ammo
    I don't have any gold or silver except the ones on the circuit boards in my warehouse
    I don't have freeze dried ready to eat meals stored away somewhere
    I don't have any stored reserve source of gas

    I do have a yellow belt in karate which I earned at the very young age of 11( purely coincidental that it was around the time of the release of The Karate Kid)
    I have a pretty big jar filled with coins( no pennies) so I can survive off of vending machine food for a very long time( Bread and water is overrated)
    I have a 2 gallon container half filled with gasoline mixed with some special extra engine performance for my lawn mower so I will be able to keep my lawn looking good for a month or so depending on the time of year a catastrophe happens...
    I have a videotape of the 1986 World series to help me get through those times that all seem lost
    I have the new Dan Brown book which is just under 500 pages so I am covered on the entertainment aspect for a few days

    So if some great collapse happens I am pretty secure in the fact that I am well prepared and will survive it.
    The main point of all this is that for every report of doom and gloom there are equal reports of stabilization and hope. We all work our asses off most days and because of that the large majority of us can withstand and survive another downturn....

    The key is to live amongst your means.. enjoy and treat yourself to things when you can ... Think positive and realize that as a collective we have very little knowledge or ability to really forecast the extreme aspects of economics on here and remember to spay and neuter your pets

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  11. #8
    Copper Head is offline Metal Recycling Entrepreneur
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    For these events to come forth you still need more catastrophe - terrorist taking out targets - massive drought - power grid failures - getting past that , sure haveing metal stashed away as a means to get what is used to purchase goods ( cash ) will always be the secret bank account of a scrapper . lets be realistic if I had a million pounds of lead ,same for brass, copper - lets not forget 100,000 onces of silver - - - and the room to store it , I would feel like i could ride out any storm .

    In reality if bad times really hit ,What 98% OF US HAVE AS A HORDING STASH will get chewed up fast ,then we are done . I guess if I had massive money to play with, I'd get a lot of - lead - copper - silver - gold - but in the mean time I have bills taking most of my money - sure any time i see $25 bucks spent as a waste i say that should of been silver .

    I have the family thing every body wants and wants - whats a poor guy to do. I keep finding copper & brass, I try to sell off as little as I can, I buy silver 4 to 5 ounce a month thats the best i can do and it wont be enough , if the banks fail us

    PS
    why spay the dogs and cats they will help you survive . Some can hunt for you and some you can sell to Chinese restaurants
    (look thats an old standing joke , so no one get bent out of shape) In china they do eat cat and dog
    Last edited by Copper Head; 06-05-2013 at 06:00 AM.

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  13. #9
    URBANERECYCLING's Avatar
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    Quote Originally Posted by Copper Head View Post
    For these events to come forth you still need more catastrophe - terrorist taking out targets - massive drought - power grid failures - getting past that , sure haveing metal stashed away as a means to get what is used to purchase goods ( cash ) will always be the secret bank account of a scrapper . lets be realistic if I had a million pounds of lead ,same for brass, copper - lets not forget 100,000 onces of silver - - - and the room to store it , I would feel like i could ride out any storm .

    In reality if bad times really hit ,What 98% OF US HAVE AS A HORDING STASH will get chewed up fast ,then we are done . I guess if I had massive money to play with, I'd get a lot of - lead - copper - silver - gold - but in the mean time I have bills taking most of my money - sure any time i see $25 bucks spent as a waste i say that should of been silver .

    I have the family thing every body wants and wants - whats a poor guy to do. I keep finding copper & brass, I try to sell off as little as I can, I buy silver 4 to 5 ounce a month thats the best i can do and it wont be enough , if the banks fail us

    PS
    why spay the dogs and cats they will help you survive . Some can hunt for you and some you can sell to Chinese restaurants
    (look thats an old standing joke , so no one get bent out of shape) In china they do eat cat and dog
    If you want a quick and easy way to replenish your supplies after the catastrophe the quickest way to do that is to make an appearance on The Price is Right. If you proclaim you spay and neuter your pets you have a better chance of getting chosen( I have inside information on that but cannot reveal my sources)

  14. #10
    Re-cycler is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by Tcgs View Post
    China has put clamp on the buying due to over production.
    This was on purpose. This is their MOMENT TO BUY!

    Soon, prices will skyrocet, and you will sell again! (DONT)

    I fear our DOLLAR WILL FAIL in the next two months.(NOW)

    I've lost faith in our GOV.

    Were going to have QE3, crazy INFLATION, and another wave of FORECLOSURES

    ITS TOAST> HOUSE OF CARDS COMING DOWN>

    OPTIONS? Deal in real money ie gold silver and other precious metals.

    ITS ALL CHINA WILL ACCEPT TO PAY OUR DEBT CAUSE OUR DOLLAR IS WORTH SH*T AFTER THE THIRD ROUND OF PRINTING OUT OF THIN AIR!

    HENCE, THE GOV WILL DEMAND ALL YOUR GOLD AND SILVER!

    AHAHAHAHHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHA

    AT LEAST WERE ALL IN THE COMMODITIES MARKET AND CAN COME BY THESE METALS EASIER. USE THIS TO YOUR ADVANTAGE AND SURVIVE THE UPCOMING CRASH!
    This seems to have once again turned into a survivalist conversation with a number of really smart tough guys thinking they have it all figured out as to who is going to survive.
    I may have read too many books or seen too many movies on apocalyptic scenarios but the bottom line is that we scrappers don't control squat at any level in the grand scheme of things.
    Life breaks down to some very simple facts.
    #1 We need to breath, you can last just a few minutes without oxygen.
    #2 We need water, you can live for a few days without H20.
    #3 We need food, you can live a few weeks give or take without food.
    So whether it is natural or political/economic catastrophe that occurs no amount of wealth or armament stored is going to save an individual for very long.
    It has been proven throughout history that there is no defense large or small that can't be breached.
    You can have all the gold,silver, guns and ammo and food etc etc that you have room for, but if you live in a standard structure and there are people who want what you have eventually you will lose it.
    As far as speculation long term and high volume goes I think it's a waste of time and money when time is far more precious than anything , I am not religious nor am I very actively political.(I have voted every election since I was of legal age, for what it's worth)
    I am more philosophical than is necessary most of the time.
    My lifestyle is not like most of yours other than scrapping being part of my living and my "hoarding" so to speak is for the most part no different than anyone here.
    My conclusion is that the best things I get out of life is doing anything I can to help someone who truly needs it more than me.
    That and creating useful things out of junk that will be my greatest legacy..........

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  16. #11
    URBANERECYCLING's Avatar
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    Quote Originally Posted by re-cycler View Post
    this seems to have once again turned into a survivalist conversation with a number of really smart tough guys thinking they have it all figured out as to who is going to survive.
    I may have read too many books or seen too many movies on apocalyptic scenarios but the bottom line is that we scrappers don't control squat at any level in the grand scheme of things.
    Life breaks down to some very simple facts.
    #1 we need to breath, you can last just a few minutes without oxygen.
    #2 we need water, you can live for a few days without h20.
    #3 we need food, you can live a few weeks give or take without food.
    So whether it is natural or political/economic catastrophe that occurs no amount of wealth or armament stored is going to save an individual for very long.
    It has been proven throughout history that there is no defense large or small that can't be breached.
    You can have all the gold,silver, guns and ammo and food etc etc that you have room for, but if you live in a standard structure and there are people who want what you have eventually you will lose it.
    As far as speculation long term and high volume goes i think it's a waste of time and money when time is far more precious than anything , i am not religious nor am i very actively political.(i have voted every election since i was of legal age, for what it's worth)
    i am more philosophical than is necessary most of the time.
    My lifestyle is not like most of yours other than scrapping being part of my living and my "hoarding" so to speak is for the most part no different than anyone here.
    My conclusion is that the best things i get out of life is doing anything i can to help someone who truly needs it more than me.
    That and creating useful things out of junk that will be my greatest legacy..........
    well said re-cycler well said

  17. #12
    nutpie is offline Metal Recycling Entrepreneur
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    The economy always goes up and down. Yes there will be a huge crash. Eventually. Maybe in one year, maybe in 5 years, maybe in 30 years, maybe 50 years. Nobody knows EXACTLY when or how bad. The trick is to ride the wave as it rises. Cash out your profit little by little before the wave crashes. And after that wave crashes, buy, buy, buy.

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  19. #13
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    The future is uncertain and the end is always near...

    The long term picture looks bleak for humanity with automation taking over most jobs. Can you or what you do be replaced by a robot? Nobody is talking about this out here they have two stores with no checkouts you just pick stuff up and walk out and it cost a billion dollars for the first two stores.

    In 1870, half of U.S. workers were in agriculture.
    Today’s figure is 2 percent. True, but how about horses? Back in 1900, we had 21 million working horses. By 1960, it was 3 million. Today? Too few to count.

    Are we going the way of the horse? And what about the deep economic question that today’s CEO masters of the universe aren’t asking: Who will buy the goods and services their companies produce if everyone is out of work or, at least, out of good work?

    I asked this question in a recent co-authored paper (”Robots Are Us”) posted at kotlikoff.net/research. My three fellow co-authors and I modeled robots as smarter versions of us. In our paper, we showed that robots’ development will make the economy boom as their creators reap large rewards.

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    No! Don't come to Texas!!! The weather sucks, the women are ugly, and there's no jobs here!!!!!!!!!!!
    Out of clutter, find simplicity. --Albert Einstein

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  22. #15
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    Quote Originally Posted by auminer View Post
    No! Don't come to Texas!!! The weather sucks, the women are ugly, and there's no jobs here!!!!!!!!!!!
    Yea, my friend in TN was not happy I let the secret out of the bag with TN. His wife is from Illinois and can't get over the fact that there is no state income tax and the roads are better than back home in Illinois. 73, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

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    Quote Originally Posted by miked View Post
    His wife is from Illinois and can't get over the fact that there is no state income tax and the roads are better than back home in Illinois.
    We jokenly call Illinois "the land of 10,000 toll booths" every time I have to drive through the state ....

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  25. #17
    ScrapmanIndustries's Avatar
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    I actually tried staying in Tx after living in Ft. Hood for 3 years. I don't really mind the weather too much. After awhile you just get used to being hot. I was in Tn for a bit too but only with Western Express so I didnt really get to experience the better parts of town. Only the slums of Nashville. If I was able to support myself financially over the long term I'd go back to Texas. No doubt about it.

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    Many have posted that we do not know what tomorrow will bring. Tomorrow will bring the ability to make your own decisions, control your lifestyle, and decide how to survive short of getting into trouble with the law. A nuclear holocaust, environmental disaster, or a fall of financial markets may limit our choices, but we still have control of our lives, it is called freedom. Think of how many do not have this luxury.

    As far as the best place to live, I believe it is the United States. It does not matter the state, it is the place you can survive and be happy. I live in two different states that do not charge income tax and border a state that does not have a sales tax. As far as the OP's post I am stock piling all of non ferrous material because I have enough space and can survive without selling it. If we end up using the barter system in the future it will be valuable in my retirement. My belief is at the least it will keep up with inflation. This is just an opinion on the subject.
    Give back more to this world than we take.

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