patrick.net

Who gives a fuck when you're a top feeder.
HEY YOU says

How much did it depreciate the moment you closed the deal.

What a waste of money. I have never understood why people want to drive these huge trucks for daily transportation.

If I had $70K to spend for a new car, I would go with a Honda Accord and donate the rest charity.

Everyone is entitled to a vice - Marybeth two. Like others I top out in the high 20s for a car but will gleefully drop $300 for an over the top meal/experience. Same goes with travel - will spend serious coin for a bucket list experience.

So I cut the guy a break if his thing is vehicles. While I think his spending is wasteful if he isn't into food/wine he thinks the same about my "wasteful" meal when he can get one for 7.99 at the Olive Garden. To each his own.

I agree. De gustibus non disputandum est

70K for a truck, no wonder GM stock is doing so well lately.

zzyzzx says

70K for a truck, no wonder GM stock is doing so well lately.

Buy buy buy!

anonymous says

Everyone is entitled to a vice - Marybeth two. Like others I top out in the high 20s for a car but will gleefully drop $300 for an over the top meal/experience. Same goes with travel - will spend serious coin for a bucket list experience.

So I cut the guy a break if his thing is vehicles. While I think his spending is wasteful if he isn't into food/wine he thinks the same about my "wasteful" meal when he can get one for 7.99 at the Olive Garden. To each his own.

I'll be honest, I often do spend ridiculous amounts on meals when I do go out. Not like $300 every night, but I usually don't spend under $60 an entree, add wine, and tip and it goes up pretty fast.

Most of the time though I am eating at home just because I love cooking. Nothing like making a venison stew from a deer you harvested with your own rifle. It's awesome.

errc says

If you’re a good horse trader, you can always find good deals. You just have to know what you’re doing and know how to work deals.

Exactly. I think anyone who didn't listen to Krugman obviously knows what they're doing as evidenced from the trillions of dollars of networth added to those people's portfolios over the past 12 months.

Booger says

www.youtube.com/embed/cYQ-TH37jPE

I actually saw this on I-95 near Baltimore!!!
Came and went too fast for me to get out the camera, plus it was raining.

vomiting Krugman's economic predictions and policy calls all over PatNet to anyone who would listen.

—————-

Odd that this appears to be a lie

Goran_K says

As you may have remembered, back in June 2017, I posted a thread where I was looking for a full size truck

It took you 4 months to buy a vehicle?

The new ford f450 is 100k

zzyzzx saysIt took you 4 months to buy a vehicle?

On and off. Got busy with buying the property in Alaska. Then remembered I wanted a truck. Doesn’t help that I’m very OCD.

What about an Audi S8?

605HP @ 6,100-6,800 rpm
517 lb-ft @ 1,750-6,000 rpm

Or even an S6?

listening to Krugman in the past year would be a mistake.

Listening to Peter Schiff for the past 5 years would be an ass reaming of epic proportion.

anonymous says

listening to Krugman in the past year would be a mistake.

Listening to Peter Schiff for the past 5 years would be an ass reaming of epic proportion.

5 years? More like 10.

You haven't. We knew you were allowing Schiff to repeatedly enter you in 2012, but we don't know when you cut him off.

So, when did you decide not to listen to Schiff?

Goran said "guess how that turned out"

Quite spectacularly I'm sure as it does for everyone in the history of posting on the internet.

I'm still curious though- in 2012 you were here extolling the virtues of peter schiff. Sometime between 2012 and now you realized he was horrendously wrong and no longer worth listening to. So when did you come to this realization?

i also bought a lot of Apple stocks when they were $0.5/share LOL.

don't believe what this dishonest liar claims. he's 100% full of shit.

heyday of this site the 2009-2012 time period.

————-

This was a housing bubble site, it’s heyday was 2005-2008. People who only became woke to the obvious truths in 2009-2012 missed the boat.

Goran - in post #110 you admit you were on team Schiff in 2012. You largely quit posting after that so there is no real record of your judgement 2012 - 2017.

So the question again is at what point did u realize Schiff was full of Schiff and quit listening to him? You can say fall 2012 or 3 days ago and we will never be able to substantiate your self reported claim.

Either way, you will then be "on the record" as to when you realized how awful his advice was - which will be helpful when you come back in 2022 fully gloating about how awesome your life is because you listened to X and not that "charlatan" Y

So when was your Schiff epiphany?

anonymous says

Goran - in post #110 you admit you were on team Schiff in 2012. You largely quit posting after that so there is no real record of your judgement 2012 - 2017.

So the question again is at what point did u realize Schiff was full of Schiff and quit listening to him? You can say fall 2012 or 3 days ago and we will never be able to substantiate your self reported claim.

Either way, you will then be "on the record" as to when you realized how awful his advice was - which will be helpful when you come back in 2022 fully gloating about how awesome your life is because you listened to X and not that "charlatan" Y

So when was your Schiff epiphany?

I'm not sure what you want from me. I've said over and over that I agree with SOME of what Schiff says and disagree with things he does say.

For instance, here are my strong "agrees" with Schiff (for the record so in 2022 you can troll me or envy me):

- Big government sucks for the economy. The founders envisioned a nation where there was just enough government to preserve liberty. That's it. Public health care is doomed to failure. Public anything is doomed to failure. Look at Social Security, the VA, MediCare, even USPS for why government sucks at pretty much everything.
- Gold/Silver should be a good percentage of anyone's core wealth as protection against inflation.
- Crypto-currency is more speculative than "here to stay" (I'll probably eat my words here but I would bet against big government letting a completely uncontrolled currency take over the economy).

Things I disagree with Schiff on:
- I don't agree that there will be some momentous economic crash based upon a currency crisis. The reason I disagree with Schiff on this point is because the U.S dollar is the reserve currency of the entire world. Until China or India or some other emergent power takes that throne, we will not have some sudden currency crisis land upon us. If anything it will be a slow, strangling death, not a samurai sword swipe at the neck like Schiff believes.
- I'm undecided on his stance on a national sales tax replacing personal and corporate taxes. I see the benefit of simplification but I don't know enough about the numbers to take a firm stance.

So there you go.

BorderPatrol says

i also bought a lot of Apple stocks when they were $0.5/share LOL.

don't believe what this dishonest liar claims. he's 100% full of shit.

Another shit talker.

I didn't buy Apple at 50 cents but I'm not doing too bad either.

So which statement of Renting's did you believe and agree with?

joeyjojojunior says

So which statement of Renting's did you believe and agree with?

Pick a statement, and I'll confirm if I agree with it or not. Unlike you I don't blanket judge the entirety of someone as a person based off one statement they may have made 5 years ago. That's for people like you and the majority of the people who watch CNN.

anonymous says

Goran - the problem with your Schiff response is it's all milquetoast policy BS. For the last several years Schiff has been predicting substantial near term stock market crash. At what point 2012 - 2017 did you realize his stock market positions are completely wrong?

I never ever listened or posted about Schiff because of his "stock picks" or commentary on the Dow Jones. I have individuals in my life who I go to for that advice. I've only ever talked about Schiff with regards to his views on housing, national debt, the FED, and precious metals. Nothing more.

errc says

Housing peaked four years ago? On what planet

Maybe you should use your brain once in a while.

The rate of price increase peaked. I don't think anyone would ever say real prices peaked because that has never happened in the entire history of the shiller index.

Goran said "I've only listened or talked about Schiff with regards to his views on housing, national debt, the fed, and precious metals"

Ok - so as to housing Schiff was still in doom mode regarding housing in 2012, 2013, etc. So if you listen to him on housing why did you buy in early 2013?

anonymous says

Ok - so as to housing Schiff was still in doom mode regarding housing in 2012, 2013, etc. So if you listen to him on housing why did you buy in early 2013?

I best explained that in my "buying house" thread back in January 2013.

For some, waiting for house prices to decline to the old normal is simply going to be a long wait. Though we may be bitter about it, our federal monetary policy clearly involves inflating/devaluing our way out of debt and explicitly encouraging higher home prices. This may not be a normal healthy market, but it's the market we'll be living with for a very long time.

So basically I accepted that the government under Obama was going to do everything in its power to not let housing crash even if he added trillions to the debt. I'm just an ant on a huge ant hill, I either go with the flow, or I get crushed. So I decided to go with the flow, and made out like a bandit.

I was right about the debt btw.



Who am I to fight against that?

Ok Goran so I agree with you as to the "new normal" in 2013. So in other words you knew Schiff was full of Schiff as to housing prices in 2013.

So on housing prices you listened to Schiff 2000-2012 and in 2013 you realized he was full of it.

anonymous says

Ok Goran so I agree with you as to the "new normal" in 2013. So in other words you knew Schiff was full of Schiff as to housing prices in 2013.

So on housing prices you listened to Schiff 2000-2012 and in 2013 you realized he was full of it.

Nope. I think Schiff was totally right about the market, so was Michael Burry. I just accepted the reality of it all when I bought.

To use an analogy. Say you have two tables of Black Jack at a Casino. The first table is using traditional rules, 52 cards, standard values, etc. You might expect 90 cents for every dollar you bet on average.

Say at the next table, the dealer is allowing players to swap a card out for, let's call it an FHA card. So you can hold a King, or Ace in the pocket and swap it out anytime you want. Now you might expect $1.25 for every dollar bet, maybe more.

Which table are you going to put your money at?

So to say Schiff was full of "Schiff" isn't accurate. He just understands the rules on a non-fraudulent game. But the game is completely fraudulent. Would you call Michael Burry an idiot for realizing the game was completely rigged even though he profited hundreds of millions of dollars with his option calls?

I wouldn't. Neither would you.

Goran - your blackjack analogy is perfect actually.

In 2013 after the fed telegraphed in every way possible that "the rules are now different", you saw this, I saw this, anyone withhalf a brain saw this.

As to why SChiff did not understand this speaks volumes to his judgment. Apparently you trusted his judgment from 2000-2012 but in 2013 you realized his judgment (as it corresponds to housing prices) is horrendously flawed.

anonymous says

Goran - your blackjack analogy is perfect actually.

In 2013 after the fed telegraphed in every way possible that "the rules are now different", you saw this, I saw this, anyone withhalf a brain saw this.

As to why SChiff did not understand this speaks volumes to his judgment. Apparently you trusted his judgment from 2000-2012 but in 2013 you realized his judgment (as it corresponds to housing prices) is horrendously flawed.

It was flawed in that he didn't accept the reality of the "new normal". I didn't believe it myself, then suddenly I did. Patrick.net is a website dedicated to pointing out the REAL reality, maybe Patrick actually believes in the new normal now (I don't know). Michael Burry didn't believe it for a while either until his options were worth over a billion dollars.

Human beings are bad at believing that things are worse then they really are, it scares us, so we paint a story that is favorable to us and use that "reality" instead.

Looks like some of you are well practiced experts

Imagine that.

I’ve always lived by “whatever you do, do it well”. I’m rethinking this after witnessing the acts of CiC etc

me123 says

errc says

pamming Patrick.net literally 24/7

How does that compare to your 36 posts already today, and the day isn't over yet?

https://patrick.net/comments?a=errc&offset=6889

We're still waiting for you to make a post that actually has some substance.

Someone needs to speak truth to all the lies and nonsense you and your ilk speak. I took up the task today

Consider that there are plenty of absolute fucking morons that you have rubbed the wrong way, making them look and feel foolish over the years, so as soon as someone steps up to challenge you, they have the full support of these Failed Losers.

It’s pathetic. CiC is back harvesting personal information and digging into personal backgrounds. He just so happened to know your families usernames, and conveniently was monitoring activity at the exact moment they were all logged in. It’s fucking creepy af but when you have nothing of substance to offer, at least he can hang his hat on doxxing and petty personal attacks

Goran,
A friend & I were talking about jacked up 4x4 trucks with all sorts of accessories & most look like they have never been off paved roads. A term he used that I had never heard before,

Now don't you become a "Pavement Princess"! rofl
......
All this talk about liars on Patnet is getting old.
Everyone knows that this is Liars Headquarters.
Take this from the smartest guy here!

HEY YOU says

Now don't you become a "Pavement Princess"! rofl

We'll I won't be scared to drive on gravel or dry river beds, but I'm not going to wreck it doing paths I'm not prepared for (according to my skill level).

Right.

The first sign of a potential fraudster is someone claiming 100% right every time. It’s an actual SEC guideline.

joeyjojojunior says

Almost as deep as you and CIC's. Although I don't imagine the goat will take kindly to being the jilted lover in this triangle so you may want to watch your back.

Who is CIC?