Thursday, September 8, 2011

Grocery store counterfeit experts

I was at the grocery store today. I only pay cash now a days since I need to get rid of it quicker then I want to hold it. It always amuses me how I hand a $100 or $50 dollar bill to the clerk and they look at me like I'm a fuckin truck. Yes a truck. Picture a truck in the grocery line. A dodge per se. Then they hold it up to the light, as if they are Bank of Canada experts, turn it around, up side downside and all around, then look at me again, then look at it like its the first time they have seen a paper currency like I'm a crackhead, then put it in the till and say, "thanks." Thanks for what? Do you have any idea how ridiculously embarrassing you look like? Were you trained to detect currency fraud? Fuck.

So many times I have given in and just said its not their fault they dont know any better. SO why DO I KNOW BETTER? Am I some prodigy that just knows this shit? People are equal in one thing in life just one- "TIME" and you cant cheat time. Its what you do with your time that separates you from the sheephouse. You starring at this monitor right now, congrats for spending TIME not watching DWTS, or football, or some other beer drinking mind altering fuckade. I congratulate you- you are different, you are informed, you are powerful.

Canada my friends is on the brink. I cant warn you enough. If you are reading from Florida tonight, would you believe if I told you that in all four corners of my city we have thousands of new homes being build like its free? I dont know who is moving into all these places. My good friend, a very big sheep, just threw down $330,000 for a 1800 sq foot home brand new (we do not live near an ocean, lake, or mountain and our annual snow fall is off the charts). His wife is now pregnant. I went over to see the house and all the lights were off. I said, "dude turn a fuckin light on please I came to see the house.." After turning them on its was like a race to see who could turn them off faster. Then it hit me. These people cant afford the utilities. Later that week my wife told me that XXXX said if he loses his job they have to put the house up. Can imagine if rates go to 10%? Goodnight.

And there you have it folks. People in Florida are probably salivating that someone would pay that much to live in snow, when I could drop $50,000 and buy something double the size 10 min from he beach. If there was an ETF that represented the Canadian housing market, I would short it.

I'm picking on Canada tonight so I'll continue. A good buddy of mine who plays for the Toronto Maple Leafs recently was traded. His real estate agent told him it would be easy to rent his small mansion. Sure. No luck. And it is an increasing trend among NHLer's as well. They cant rent their houses in the GTA area. The last time this happen there was a 25% correction. This time I hope its 50%. I dont mind lakeshore.

The barf train will continue in the metals. Up 5%, down 12%, up 8% down 4%...the longer term trend will be set in between the days of the 22nd and 28th of September where we have several things happening such as Shalom Bernanke printing and the CFTC shuffle to name a couple.

Obama's speech tonight inspired me to get more bullish on PM's as he is clearly part of the agenda of ponzificating the US to death. All you have to do to quell inflation, speculation, and moral hazard is to raise rates. That way your dumb citizens will park their worthless cash in the bank and make 10% doing nothing. A reward for being lazy. Unfortunately, we are wayyyy past that point. Which leads me to a very disturbing realization; my generation will be the first generation in 100 years to do worse than our parents did. Going to school is old news. Working in the factories, nevermind, those are gone. Nothing is left. Just scraps. Not even.

Most Americans and Canadians my age will ask themselves in a few years..."How did it come to this, how do my parents have more than I do? They cant even read..."

Reset.

69 comments:

  1. What about XRE?

    http://ca.ishares.com/product_info/fund/overview/XRE.htm

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  2. next time hand it to them all rolled up with a little nasal blood on one end.

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  3. SGS is right, I'm from the GTA and houses are being built like its fucking 2005 in southern California. My friend just recently purchased a house with only 5% down after i explicitly told him time and time again that he is a fucking sheep and he is buying the top. I told him so many times to buy phyzz but, 'it is the time in his life where he has to accomplish certain things like purchasing a house.' As if there is some god damn handbook for sheep and their cookie cutter lives.
    Oh well, we certainly are the few.

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  4. No Shit!

    G. Edward Griffin on Coast To Coast AM - 7.9.2011

    http://geraldcelentechannel.blogspot.com/

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  5. XRE has no liquidity at all getting a 50,000 share fill on that is atrocious, and buying PUTS is not existant.

    I think I'm going to start buying borrowing houses people own, sell them, and buy back in 2 years.

    That would be nice.

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  6. Classic SGS rockstar postage. I feel that we are burdened with the real truth and that I might feel guilty coming out on top when the shitstorm comes and the sheep get slaughtered.


    AC_Doctor

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  7. SGS, you are one hilarious dude! Like anyone using fiat is suspect lol...@malcolm from the previous posts, I saw a pic today of 450,000 Israelis protesting supposedly against bankers. It wasn't reported here that's for sure.

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  8. I'm a building inspector, I work for the government inspecting these piece of shit houses being built en mass.

    The people buying them are maxed out BIG TIME.
    Most of them are mid 30's, two leased new cars, big TV, no savings, no clue.

    Get this, it costs around 100k to build a small house, in material and labour.
    Permits, DC's, around $40000 in Municipal taxes. The money is in developing the land, most of these developments were bought 30 years ago. Developers went out and bought all the farms surrounding the GTA, real fucking cheap too.

    To be honest, the only people making any good money right now are in the trades. If the market blows up, Canada's last industry will die. It will take out the lumber industry, carpenters, electricians, HVAC, you name it.

    Housing is the only thing keeping this Ponzi going and they know it.

    I'm shocked at how greedy people are, they will spend every cent they have, and its still not enough, so they refinance and buy more, and more. They all want big Dodge 2500's and BMW's. Idiots!

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  9. Sorry, it was in the nytimes: http://www.nytimes.com/2011/09/04/world/middleeast/04israel.html

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  10. Registrant:
    David Casper
    505 Breezy Point Dr
    Pardeeville, Wisconsin 53954
    United States

    Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
    Domain Name: THENEWSUNIT.COM
    Created on: 04-Sep-10
    Expires on: 04-Sep-13
    Last Updated on: 04-Sep-10

    Administrative Contact:
    Casper, David thunderpreacher@gmail.com
    505 Breezy Point Dr
    Pardeeville, Wisconsin 53954
    United States
    6084293281 Fax --

    Technical Contact:
    Casper, David thunderpreacher@gmail.com
    505 Breezy Point Dr
    Pardeeville, Wisconsin 53954
    United States
    6084293281 Fax --

    Domain servers in listed order:
    NS15.DOMAINCONTROL.COM
    NS16.DOMAINCONTROL.COM

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  11. Canada, Australia, China - next in line for property bubble pops.

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  12. Another bro from the GTA here...the housing market is just nuts. Our economy isn't growing, yet for some reason the housing prices are growing. That smells like a bubble right there.

    The worst part is I don't understand why people have this notion that they must own a place ASAP. Yeah, living on your own is great, but if you can't afford it, don't do it. That's what happened to me a few years ago when I was renting out a place with two room mates. I lost my job, didn't have the cash flow to pay, so I had to move back with my folks. Embarrassing, yes, but unlike most kids who move back, I'm actual helping out instead of leeching. For starters, I'm doing a better job then my parents' FP with their mutual funds (During August I got over 6% in returns). If there is one way to get your Parents to support you still living there, make them some money!

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  13. SGS, I'm guessing your buddy's renting in Nashville..

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  14. This comment has been removed by the author.

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  15. hey SGS, fellow canuck here.
    so what would you do if you had your primary residence in vancouver ? would you sell it and stack the phyzz ?
    cheers

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  16. BTW, fun game to play just to see how messed up the Vancouver market is.

    http://www.crackshackormansion.com/

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  18. Someone may have already posted this, but winning bid on Burning Chase Bank painting: $25,200! wow...

    http://www.ebay.com/itm/Chase-Burning-/190570913537?pt=Art_Paintings&hash=item2c5ee95f01#ht_500wt_1202

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  20. I seems that the history of home ownership was developed after the late 40's with the GI bill and the FHA.

    Is strange now, this government planning, no one though it was socialist, then or now! So much fucked up shit has happened that makes people dependent on government.

    I mean why should you get a tax credit because you have fucking kids, or a house, WTF! If you can afford that shit, well...

    I foresee in the coming years, were home ownership will be considered a burden and the new paradigm will be renting, and I'll be a good landlord!

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  21. methlab: NO idea. The vancuver market is a separate case study from the rest of us. I am in South Western Ontario. I hear its off the charts out there. Literally, off the fuckin charts.

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  22. @SGS,

    I'm in Seattle, I have friends in Vancouver. Its very nice there everything is fucking new. I have to say 70% Asian buyer, lots on Indians too, not Natives Americans. You cant get into downtown condo under a 700K US!

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  23. Highlight of my life:

    "I'm former Air Traffic Controller David Casper who operates The News UNIT Blogspot. Although I would like to reveal some additional truths about our criminal government and it's agencies I have one thing to say at this point: I am a believer on the Lord Jesus Christ who is my God and Saviour. I am also a United States of America citizen and uphold the U.S. Constitution. Also I abide and uphold all federal, state, and local laws, do not have a criminal record of any kind and have no intention to hurt myself or anyone else. I am also living proof of a direct government conspiracy and under advice from counsel I cannot disclose what that is at this time. If I am ever "missing" or something happens to me you will know who is behind it. If you think I am paranoid, I know that I am not. But I have become keenly aware of what is going on in the world according to the scripture.....developing...."

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  24. Geeze GOD! Delusions of Grandeur! That is one lonely, pathetic, sociopath!

    WU you need help!

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  25. This comment has been removed by the author.

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  26. I'm in Florida...well the Panhandle area, so the armpit of the state. Miami and St. Pete/Tampa areas realestate just dropped off another cliff.

    My home has tanked 35% since 07. If I could sell my home I would in a heartbeat. I'm 5 miles from the Gulf.

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  27. I just took the sociopath quiz and I'm actually 4% sociopath. So you are 96% incorrect. Amusing!

    Sorry but I don't need any help. And if the world thinks there's no hope for me my hope is in Christ Jesus not the world or anyone else for that matter.

    I'm in great hands!

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  28. lol the "government conspiracy" WU is refering to is the fact that he was fired from his job, thus being a "former Air Traffic Controller." I'm too lazy to find the link where he was talking about that but trust me that is what it is. He thinks the government is plotting against him or something lol what a nutcase! In reality I am pretty sure WU's employer probably couldn't fucking stand him and found any viable reason to fire him. If he is this fucking annoying behind a keyboard, imagine how bad it is in person working with him day in and day out! LOL government conspiracy for sure /sarc

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  29. But SGS, Obama promised that the $460,000,000,000 "Jobs stimulus" would come at "no cost" to Americans. He said that they would "cut the money from the budget in the future".
    Would he lie to me?

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  31. ps. fellow Canadian here also, also from Vancouver - whaddup Methlab..

    SGS - I just put my home for sale here in downtown Vancouver - 1 bedrooms here (600 square feet) start at $400,000... reasonable?

    Cheers

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  32. Barry should be like Bullshit and send me a fucking check! I need a my rebate to buy more of those .99 cent over spot rounds on sale at Apmex :)

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  33. LOL, I was 13/16 on the crack shack/mansion quiz.

    But seriously, the housing market is THAT fucked up there? Mother of god!

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  34. hey guys, its looks like fun and games to poke fun at WU but I can see this personal commentary being interpreted in a dark way.
    @ WU they are only upset about your overposting, and trying to scare u off, they are bullying u, move on

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  35. @dr durden, I lived in a million dollar 700 sq ft shack that I rented for 1600 a month in san diego in 2006/2007 just the size and look of those vancouver homes. That was san diego 5 years ago

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  36. Canada has crafted a generation of pseudo-intellectuals. Look at all the Filipino maids picking up the kids of middle-class parents from your school in suburbia. Somehow, even those with moderate incomes in Canada think that cooking, cleaning, and doing anything that requires physical labour is beneath them. After these people have squandered their meagre paychecks on eating out and attending expensive art gallery openings, they wonder why they won't have enough for retirement and bitch and moan about lack of government social programs. To that I say: tough luck. It's time people learn to fend for themselves. Everything about the Canadian lifestyle is a farce. From our bloated education system to our expanding real estate bubble. The productive capacity of our nation is pretty much zero, yet we think we DESERVE life's luxuries. My generation is filled with careerists and hipsters who were all pampered into thinking they're something special. The careerists graduate from an okay post-secondary program, get some desk job, and start sneering at others from their self-contrived pedestal. Their household income is around 80k/year, which they use as leverage to secure a mortgage for an overpriced house. The hipsters, on the other hand, don't even TRY to be useful. Instead, they pretend to be artists, so that, when criticized, they can say, "you don't understand." The thing is, I do understand: you're a fucking nutjob.

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  37. @Ber$tanky,

    What neighborhood are you in?

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  38. Down here in the land of OZ, the property market has well and truly started to deflate after 10 years of bullshit unsustainable growth. The problem is the sheeple think that the market has bottomed out and its a great time to buy with the prospect of interest rate staying steady or even taking a haircut in the near future.

    They simply have no idea that it can and will go a lot lower, but they are all drunk of the prospect of large capital gains once things turn around....yeah right.

    Mind you the media here tries to pump up the property market at any opportunity, its just so pathetic.

    Most people I know are maxed out with huge mortgages, car loans & credit cards. They are in for a world of hurt when it all turns to shit.

    I was lucky (some say smart) enough to ride this property wave and sell my investment properties just in the nick of time. I can proudly say I am no longer a debt slave to those fucking blood sucking banks and am now converting all my new excess fiat into PMs like the rest of you enlightened individuals.

    People think I'm mad, but I'm not the one drowning in debt and thinking that my house will make me a fortune.

    Oh well you can lead a horse to water, but you can't make it drink.

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  39. @FuturisticEel,

    In every society there will be 10% to 15% of people that live off the "system", that's not going to change!

    It's funny when you go to Vancouver, down on Hasting between Chinatown and Gastown, where all the junkies hang out, the Vancouver government has signs saying and I kid you not" There has been alot of overdoses in the area, please take a small dose when you cop new batch!"

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  40. I enjoy using Fiat, and watching tellers examine it to see if it's "Real" ! I always get a Chuckle and tell them that it is Counterfeit from the Federal Reserve.. Always enjoy the Blank stares I get back, because they don't have a clue what I'm talking about..

    I've always "tried" to live my life, as to what I could afford.. I buy a car, I make one payment.. Except for my house that is. And I've paid off two of those..

    I had a change in heart last year, and decided to go into debt.. It's all been for silver... When this Ponzi Scheme blows Ski Hi, and I hope later than sooner, so we can wake more people up, in terms of "Real Money" it will be Cheap to pay off my Debt.. I could do it now, but Why !

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  41. I cant remember what or who the guy was but he made a very keen observation that, every 80 years there is always a depression. And every 40 yrs, there was a recession because around age 40 kids leave the house and people start planning for retirement and spending reduces and so does home sizes. With both of these facts, we in the west have opened up to immigration to prevent a naturally occurring cycle as well as trying to continue credit on end.

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  42. Harry Dent http://www.hsdent.com/

    I think hes sorta of a tool, becuase he respect PM's be has some otherwise good investment strategies.

    It turns out that economic revolutions happen over a two-generation cycle. Research by myself and others shows that succeeding generations alternate in their personalities. In one part of the cycle, individualistic and entrepreneurial-type generations flourish, like the Henry Ford generation or the baby boomers. In between, you get these Bob Hope-like generations that are very civic minded, conformist, systematic. Instead of inventing planes, they put jet engines on them. Instead of inventing cars, they put superhighways under them. So, every other generation - about every 80 years, approximately - you get these revolutions. And at the end of the revolution, there is a depression-like phase.

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  43. I've been thinking about the Canadian housing bubble a lot recently. I'm considering BNS 2013 puts as a short. Scotiabank hands out money like it's candy. Also, us holders of phyzzz will have the added benefit of bringing down a bank that has colluded with JPM to suppress the price of silver.

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  44. speaking of san diego, looks like a stage 1 situation developing there, a transmission line in the desert that provides seed power to their fukishima sized nuclear reactor at san onofre, failed and it is still undetermined as of 30 minutes ago why. the nuclear plant shut down and all its customers lost power, 1.4 million of them. this includes all traffic lights and initially included 911 service. the temp is expected to be 100 tomorrow

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  45. Here we go!

    New Terror Report Warns of Insider Threat to Utilities
    http://abcnews.go.com/Blotter/terror-alert-warns-insider-threat-infrastructure/story?id=14118119



    San Diego Power Outage Update

    SDG&E official just stated, "We expect power to be out well into the night and into tomorrow in some areas."

    A transmitter line between Arizona and California was severed, causing both major connections in the region, causing the outage. The extreme heat in some areas also may have caused some problems with the lines, according to SDG&E.

    "Essentially we have two connections from the rest of the world: One of from the north and one is to the east. Both connections are severed," said the SDG&E official.

    The FBI and SDG&E officials said the power outage is not related to the terror threat.

    San Diego County spokesman Mike Workman said that his department was unaware to the cause of what was going on and he is "sending a representative to SDG&E right now."

    The San Diego border along Mexico is still open, as U.S. Customs and Border Patrol are running on back up power.

    The San Diego Airport is still open -- but there are no outbound flights. Some inbound flights are being delayed or diverted.

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  49. I have a report on the nuclear situation on my facebook page 'engineered financial system shut down' friend my group and make some comments while you are there

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  50. Well, Bix Weir, BrotherJon, and other have warned us to get out of the electronic system!

    Maybe I will!

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  51. Wow! Look what I found.
    An expert.
    Actually a talking dick with glasses.

    http://www.cnn.com/video/standard.html#/video/business/2011/09/07/eitm-gold-velshi.cnn?hpt=hp_c2

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  52. SGS...GREAT POST & WHEN THE ROMAN EMPIRE COLLAPSED...THERE WERE NO MORE GENERATIONAL DEPRESSIONS

    SGS...looks like the HAMMER is coming down on CANADIAN REAL ESTATE. I don't believe any westernized country including those in asia trying to be whitey will be saved from the GREAT COLLAPSE.

    I hate to say it...Real Estate prices will never come back...NEVER. Why?? Because our SUBURBAN-WAREHOUSE-RETAIL economy was designed on $20-$30 barrel oil. Now that the price of oil is almost $90....or $110 when you consider Brent Crude is the world bench mark for oil and not West Texas Crude.

    HARRY S. DENT IS A GADFLY

    GADFLYS are nice to have around kind of like Ed McMahon on Johnny Carson's Tonight show. He's there to drink our drinks and laugh along with our jokes...but never to give us SERIOUS ADVICE. Dent does not realize this is the END of the SYSTEM.

    When the ROMAN EMPIRE collapsed so did its cyclical depressions. Very few understand this princible.

    When the US Empire Collapses....Harry S. Dent will have to find different work.

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  53. @SRSrocco,

    Gadfly, I been years since I heard that! LOL, Like I said or meant to say I dont think much of the guy due to his lack of respect for the PM and there rightful place in the financial system but having said that those cycles worked for 100 years!

    You are right the paradigm has shifted due to our lack of oil wealth and peak oil as is evident by our oil wars.

    SRSrocco, I'm not sure what the next thing will be, high oil, high food, high transport cost. Do we resort to self-sufficient villages, or towns? I mean LA, NY, suburbia screwed!

    Until they, TPTB, release the patents and energy sources, the world population will be reduced, either through famine or war or out right genocide!

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  54. Another Vancity boy here.

    The lot 3 houses down from mine (47x80 I think) $655,000.....You can throw up now.

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  55. I live in San Francisco and have many friends who bought at the top around 2006. They had to buy a place "before they were priced out of the market". Most bought 1 bedroom condos for $400-600k. They've all lost about $200k in value. One them has lost 2/3 of what they originally paid. Its hard to believe that Canadians haven't learned from our stupidity here.

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  56. missiondweller

    It's really not that hard to believe ! I think the thing that draws most of us here on this site is History ! We Like it, and try to learn from it..

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  57. methlab101: about vancouver real estate. im also from van, homeowner, and ive been thinking about it a lot as well. i think as long as vancouver is nicer than asia(weather, less crowded, cleaner) and immigration laws stay as relaxed as they are, we will keep getting the asian money flow that has been driving it for years. lots of room to go vertical like new york, tokyo, shanghai. Just think commercial drive to 41st ave, go northwest. long haul that will all be highrises.

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  58. @Dennis

    Who the fuck is this Ali Velshi anyway, what a complete fuckwit, trade gold for paper assets? Are you fucking kidding me!!! Yeah a $20 note will still be worth $20 in a few years, where as gold might be worth more or might be worth less. Well guess what fuckwit that $20 can and will go to ZERO value and gold will never go to ZERO it never has in human history.

    The main stream media is truly farcical. No wonder my TV has been gathering dust for the past few years, I'd rather watch paint dry than watch the shit that gets broadcast these days.

    Sorry just come of night shift and my tolerance levels for BS are at 0%, like US interest rates!!

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  59. WTF!!! The exact same thing happen to me!!! And at fucking whole foods!!!

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  60. I love when you pay with a $100, they take that brown marker & put a line on the bill to see if it changes color--LMAO.

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  61. I bought my home in MN at the 2006 top. $326,000. Nice house, brand new, 2,400 square feet, 4 BR, 3 BA. I added a 4 season porch for $56,000, and finished the basement for $26,000. So I've got $410,000 invested, and I could maybe sell it for $225,000 today. That's what happens when a bubble bursts. After about a year or two of bubble bursting and no real estate selling anywhere, I got schooled up on all of this and have changed my ways. I have been furiously deleveraging while I still have a good job. I've got it paid down to $150,000 now.

    I so agree with SGS, Canada your bubble is bursting about now. Sheep, sell your houses and run to a rental. 3 to 5 years from now, you'll be able to buy a house for 40 percent less, or 40 percent more house for the same money. Trust us!

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  63. There are a million Chinese living in GTA (toronto) and another half-million or so Asians in Vancouver. We are on average much wealthier than native Canadians - and paying $1-$3 million for a home seems relatively cheap for many of us. Compared to Hong Kong where average condo is $12-million for 600-800 feet squared. So as long as Canada keeps selling citizenships, people will keep going (to have a second citizenship or emergency "exit" or to send their wife & kids to where there is more space & air), and this will keep upward pressure on home prices in Van and Tor. Go into some of the nice areas - all chinese money living there and more arrivals every day.
    Fact: There are more wealthy people in Greater China now than in Europe (probably will overtake America in that category soon too).

    So, it is just wishful thinking about a housing crash in Van or Tor. People have been saying that for years, and instead prices keep rising rapidly, lol (but not as much as in Asia). Reality is more Asian money will continue pouring into the Asian sub-cities in Tor and Van... Get used to it. (but maybe prices in the canadians' areas will crash, lol, I dunno).

    Just buy a house in the Chinese areas if you want price appreciation, why take a chance?.. It is like physical silver - you will pay a premium but you have better price protection and profit potential, haha. Good luck.

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  64. Judy, you married? Wanna go out for coffee?

    LOL~

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  65. APMEX announced yesterday that it would no longer be doing their affiliate program in two weeks. So no more APMEX ads all over the internet. I wrote in the 11 Mentality Shifts of Silver Investors that smart retailers would at some point not sell their metal for dollars, because they will realize that what they have in inventory is far more valuable than the dollars they could receive.Retailers only make money on the spread, but if they cannot source what they sell, then the market freezes up from the supply side just as the demand side heats up. I believe this move by APMEX is part of that shift, because affiliate programs are a very cost efficient way of advertising. I did not get a very good answer why from my girl at APMEX, but logic would dictate that APMEX either has too many customers or not enough supply, either way it looks bullish to me.

    -from dont-tread-on.me

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  66. There may not be a housing ETF to short but some financial institution in Canada is bank rolling the builders and the buyers. So find out who the "Countrywide of Canada" is and short them. Because remember, "No one can do, what Countrywide can do!"

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  67. @Judy: I'm Chinese myself, but to paint China as this invulnerable nation is completely wrong. The RMB is pegged to the USD, forcing China to pretty much match the low interest rates set by the Fed. So what happens when you can borrow money for cheap in one country and park it in another? A carry trade happens that, in the long run, is detrimental to the host country. When interest rates go up in China, all that borrowed money has to be repatriated. So real estate in Vancouver can crash, and it'll crash especially hard in the Chinese areas.

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  68. Who was traded: Brett Lebda, or Robert Slaney ?

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