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If you gamble you're enjoying doomsday for it'll get you by playing to your adrenaline rushes.

--Brant

My fault, I do not "play" the stock market.

I was talking about the thrill of a single bet on a big event, generally sports or politics for me.

Don't do casino's.

I will play chess for money, however not speed chess. However, playing chess for money is not a gamble.

A friendly game of poker with friends and a stop loss rule works for me however it has been decades when that has occurred.

That's pretty much what I meant by gambling.

A...

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I once had a sort of a friend. He was an electrician. Sometimes he'd fly to Atlantic City in his airplane after dark to gamble from Spring Valley, NY, always taking along some of his buddies. I could never go with him. I wanted to. Not for the gambling but the flying down the Hudson River at night at 1000 ft next to all the city lights. He once flew down that river to see the Fourth of July fireworks joining a long progression of small airplanes doing the same. They flew down one side, did a 180 and flew back up the other.

Anyway, on a craps table he kept winning and using all his winnings to bet again. Got it up to over $11,000, something like seven to ten straight winning throws. On his last throw he lost it all. At a truck stop in Reno I kept winning on a quarter dollar slot. A pretty young thing started hanging over my shoulder offering me a drink. When the tide turned she was soon gone. Much later that night they rolled in a large rack and took out all the quarters and other coins the little casino had won. With one exception I only used the quarters I had accumulated driving. The exception was in Vegas when I broke a twenty. That was only an additional amount of money I lost. I also rolled the dice (die?) twice in Atlantic City. I was appalled at the fellows who made the trip with me. A gambling frenzy had taken a hold of their personalities. On the way home one told me how to win in Vegas: use no more than $100/day but let your winners run after taking out the hundred. At least two things wrong with that: sticking to the $100 limit and knowing how far to let the winnings run and sticking to that. This still won't work: Steve Wynn was asked how many people he knew of who made money gambling? "No one." There's only one "rational" way to win big in Vegas now that card counting is cheating: one big bet then you leave and you never come back. It only makes sense if your money is worthless to you--not enough--unless you double it. I think Fred Smith went to Vegas using a modification of this strategy to raise needed money for his Federal Express startup--and won.

There was a notorious and fascinating book publisher named Lyle Stuart, who decades ago liked to go to Vegas. He'd walk into a casino with a satchel filled with $200,000 and plump it/dump it down in front of the bug-eyed cashier.

--Brant

but the more money you lose the more perks the casino will toss your way (even a whore?)--yep, they've got you in their computers

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However, he will never experience the incredible tension and joy when a smart "bet" pays off.
Oh, I make LOTS of bets, Adam! :laugh: I bet on myself... on my ability to produce results.I make bets on property, on building, on homes, on business, on ventures... and on each bet my goal is to earn a profit so I can make another bet... on myself.
Yet, he and I can live side by side in the same community of men quite well, and never have a dispute, never have to live and produce for my sake, nor will I have to live and produce for his sake.
So well said Adam... and so true. Values make a society successful because they produce successful independent individuals who share a common vision. America is failing for lack of decent values.Jonathan doesn't understand this and that's why he has such an ugly attitude. That's the mark of a failure, and it's all over him. He also doesn't understand that it's his own ill-will that makes him a failure in life and keeps him there. He's been told this more than once. It's up to the objective reality of consequences of his own actions to convince him and not just some words on a monitor.Greg
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However, he will never experience the incredible tension and joy when a smart "bet" pays off.

Oh, I make LOTS of bets, Adam! :laugh:

I bet on myself... on my ability to produce results.

I make bets on property, on building, on homes, on business, on ventures... and on each bet my goal is to earn a profit so I can make another bet... on myself.

Yet, he and I can live side by side in the same community of men quite well, and never have a dispute, never have to live and produce for my sake, nor will I have to live and produce for his sake.

So well said Adam... and so true. Values make a society successful because they produce successful independent individuals who share a common vision.

America is failing for lack of decent values.

Jonathan doesn't understand this and that's why he has such an ugly attitude. That's the mark of a failure, and it's all over him. He also doesn't understand that it's his own ill-will that makes him a failure in life and keeps him there. He's been told this more than once. It's up to the objective reality of consequences of his own actions to convince him and not just some words on a monitor.

Greg

Do you feel better about yourself now that you've reinvested in your belief that I must be a miserable failure? Heh. Does it help you to blank out the stupidity that we just witnessed in your moronic belief in doomsayers' predictions?

J

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Jonathan writes:Do you feel better about yourself now that you've reinvested in your belief that I must be a miserable failure?
It's your own attitude that speaks louder than your words... and it screams "failure".
Heh. Does it help you to blank out the stupidity that we just witnessed in your moronic belief in doomsayers' predictions?
Your assessment would also include many totally secular economists who also see the same thing coming. So it comes down to a simple matter of timing... because it's coming to be sure. As for me, I lose nothing and consistently continue to do well no matter what happens because I ordered my life to as to have zero exposure to the Creditist economy.Greg
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Jonathan writes:

Do you feel better about yourself now that you've reinvested in your belief that I must be a miserable failure?

It's your own attitude that speaks louder than your words... and it screams "failure".

Heh. Does it help you to blank out the stupidity that we just witnessed in your moronic belief in doomsayers' predictions?

Your assessment would also include many totally secular economists who also see the same thing coming. So it comes down to a simple matter of timing... because it's coming to be sure.

No, my assessment wouldn't include them. They are analyzing reality, and admittedly speculating about the future. They're not claiming absolute certainty while spouting mystical hocus pocus about magical days of the year.

J

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Just some secular info...

http://www.zerohedge.com/news/2015-09-15/template-next-crisis-bank-accounts-frozen-capital-controls-and-bail-ins

"Behind the veneer of all is well being promoted by both world Governments and the Mainstream Media, the political elite have begun implementing legislation that will permit them to freeze accounts and use your savings to prop up insolvent banks.

This is not conspiracy theory or some kind of doom and gloom. Its basic fact.

In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis.

With that in mind, I want to devote some time to what has come out concerning the Cyprus bail-in and its implications. The reason for this is that this tiny country has provided the world with a template of what is eventually going to be a global phenomenon..."

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Just some secular info...

http://www.zerohedge.com/news/2015-09-15/template-next-crisis-bank-accounts-frozen-capital-controls-and-bail-ins

"Behind the veneer of all is well being promoted by both world Governments and the Mainstream Media, the political elite have begun implementing legislation that will permit them to freeze accounts and use your savings to prop up insolvent banks.

This is not conspiracy theory or some kind of doom and gloom. Its basic fact.

In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis.

With that in mind, I want to devote some time to what has come out concerning the Cyprus bail-in and its implications. The reason for this is that this tiny country has provided the world with a template of what is eventually going to be a global phenomenon..."

This is of much more concern to the residents of a small country, especially one without its debts in its own currency, like Greece. For the United States? The government could always seize your assets, especially starting with the second Roosevelt Administration. There can be no rational reason to seize US banking assets. These are not the end-game days of Atlas Shrugged. Destroy the economy at one fell swoop? All the banks of any note are already fascistic extensions of the US Federal Reserve and are essential to government control of the economy and its creation of money as debt. As long as the government can print money at will with no consequence to the rulers or powers that be, that's all that's needed. The whole economy is had by the balls that way. There is absolutely no need for that to go after any particular individual and no practical way to go after many individually. You simply don't want to appear in any bureaucrat's gun sights for any reason.

There are other things for a US citizen to worry about than the US government behaving like Greece's or Cyprus's. It will never happen. Nixon made it that way when he completely cut the tie between the dollar and gold. All US government debts are payable in dollars and dollars only. Not gold. Not silver. Everybody else with dollar debts are subject to being screwed. Puerto Rico is our Greece. Unlike Greece and the EU and its completely economically/politically stupid euro, Puerto Rico is next to nothing of a problem for the Federalies.

--Brant

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Puerto Rico may be next to nothing for the Feds though it is for residents and people who bought their bonds. Even six months before the collapse I saw an ad for their financial products, which were touted as secured by the Federal Government and paid much better than less risky bonds.

As far as confidence goes, I have never sought to go back to a sustainable personal survival level, as seen in a rural farm in 1920’s America. Crops. Canned crops and meat. Pigs, cattle, chickens. Buying with your few dollars from the Sears Catalogue. Church suppers and sermons. Yet, we moderns would still have electricity, TV, movies, and computers. We would be a lot poorer.

Less medical research. Would we still have MRI's and obstetrics? Would infant death rates rise? I wonder if our average age of death will change if our economy collapsed and how fast? The good old days don't sound too bad but I think I will stay in the 21st Century.

Peter

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The federal government handles the supply of a big chunk of the world's relatively finite supply of helium. From what I understand helium is currently a major factor in the use of MRI machines, so if they blow up the the currency and the market functions it allows , I doubt we would have an easy time of allocating the helium needed to keep the current level of MRI machines operating. And it looks like there has been a firesale going for years in the government supply of helium. So net flicks will probably be more widely available 'after'.

As would follow from the power of human intelligence, productiveness , and creativity, yes? The same power that brought all the uses for inert gases to all the current and future filmmakers and their respective audiences.

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Puerto Rico may be next to nothing for the Feds though it is for residents and people who bought their bonds. Even six months before the collapse I saw an ad for their financial products, which were touted as secured by the Federal Government and paid much better than less risky bonds.

As far as confidence goes, I have never sought to go back to a sustainable personal survival level, as seen in a rural farm in 1920’s America. Crops. Canned crops and meat. Pigs, cattle, chickens. Buying with your few dollars from the Sears Catalogue. Church suppers and sermons. Yet, we moderns would still have electricity, TV, movies, and computers. We would be a lot poorer.

Less medical research. Would we still have MRI's and obstetrics? Would infant death rates rise? I wonder if our average age of death will change if our economy collapsed and how fast? The good old days don't sound too bad but I think I will stay in the 21st Century.

Peter

What bonds are secured by the Feds don't "collapse."

--Brant

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Futures are tanking... looks like a bloodbath by the 22nd.

I still hold by my opinion that another even greater US economic collapse is imminent.

Greg

Define imminent. Give us an interval in days, weeks,. months years with an error bracket. That way when the time you predict comes and there is no collapse we know that your ability to predict is lacking. If it does happen as you say, well, then good for you. But we need a definite prediction Time + or - error bounds.

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Bob writes:

Define imminent.

Extremely likely this week.

Definitely this month.

That's my opinion, and I'm sticking to it. :wink:

Greg

What exactly is supposed to happen? So there is no dispute about whether it happened. If it's an economic collapse, define 'economic collapse'.

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Jerry writes:

What exactly is supposed to happen? So there is no dispute about whether it happened. If it's an economic collapse, define 'economic collapse'.

In my opinion it will be the same as 2001 and 2008 only greater this time. America degenerated enough to forfeit it's moral protection and economic providence in 2001. Right now it's fair game to get rattled again. This time it'll be right down to its foundations.

Greg

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Jerry writes:

What exactly is supposed to happen? So there is no dispute about whether it happened. If it's an economic collapse, define 'economic collapse'.

In my opinion it will be the same as 2001 and 2008 only greater this time. America degenerated enough to forfeit it's moral protection and economic providence in 2001. Right now it's fair game to get rattled again. This time it'll be right down to its foundations.

Greg

I predict that next month (October) on this thread there will be a dispute about whether it happened. Unless people refrain from disputing in order to prove my prediction wrong.

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Jules writes:

The US has posted 200k plus jobs/month growth for the last 6 months straight. Your economy is growing despite all the doom and gloomers...

Sorry, Jules... it's not my economy. It belongs to the people who created it... not to me.

For decades I've consistently prospered regardless of political and economic cycles because I have no participation in, or exposure to the debt driven economy, and operate solely from a position of 100% solvency.

Greg

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Jerry writes:

I predict that next month (October) on this thread there will be a dispute about whether it happened...

If it happens, everyone will know it... just like no one could deny 2001 and 2008 happened.

Greg

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