The Housing Bubble

I was simply lamenting the predictable failure of my own overly simplistic foray into currency investing…

yes, your belief in commodity backed currencies is believed by very many. i have learned not to be one of them.

“i have learned not to be one of them.”

Same here, to a point — something has to back a currency, but not necessarily commodities.

The problem with Bitcoin is that whatever backs it is unconstrained to keep backing it…

something has to back a currency, but not necessarily commodities.

the biggest thing that backs a fiat currency is the aggregate value of the issuing country’s labor..

The problem with Bitcoin is that whatever backs it is unconstrained to keep backing it…

What backs bitcoin is the difficulty in computing valid bitcoins.

In other words, breakthroughs in computing could result in MASSIVE production of bitcoins, with corresponding massive inflation.

The maximum number of bitcoins that can ever exist is ~21 million.

Perhaps, but as of Thursday there were approximately $700M worth in circulation and a bitcoin reached an all-time valuation of $72/.

Perhaps not coincidentally, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) just released a “guidance” about how virtual currencies should fit into the financial structure, how they should be registered, etc. Which means they’re watching now and presumably, as soon as you try to cash bitcoins in on hard currency, any profits, exchanges, goods, services will be subject to taxation.

Doo dah.

Doesn’t that depend on which side of the creditor/debtor equation you are positioned? For instance, since banks these days have a penchant for reckless lending against overvalued collateral, they should fear deflation.

Doesn’t that depend on which side of the creditor/debtor equation you are positioned? For instance, since banks these days have a penchant for reckless lending against overvalued collateral, they should fear deflation.

that’s correct. i meant that the country as a whole shouldn’t fear price deflation.

Why would you buy anything in a deflationary environment? It will be cheaper tomorrow.

Why would you invest in anything? It will be worth less tomorrow, most likely.

Why would you buy anything in a deflationary environment? It will be cheaper tomorrow.

yes, i know that’s the common keynesian argument. but it just doesn’t make sense. if i really want a product and i can afford it right now, would i really wait a year just for a small percentage of savings? very few would. when people want something and can afford it, they will buy it even if they know it will be slightly cheaper in the future.

Why would you invest in anything? It will be worth less tomorrow, most likely.

just because prices fall, doesn’t mean that profits would fall. investments would still be expected to rise. product prices would continue to fall.

investments would still be expected to rise.

Why would an investment be expected to rise in a deflationary environment? Let’s use an apartment complex as an example. In a deflationary environment, it would be worth less in a year. Why would I buy it now? If i wait a year, it will be cheaper. Even cheaper if I waited two years, or five. Why not just sit on cash? It’s a lot easier than being a landlord. Safer than buying stocks.

Why would an investment be expected to rise in a deflationary environment?

because raw materials and capital expenditures cost less with a rising currency. lower prices can still bring higher profits in such an environment.

Let’s use an apartment complex as an example.

you can use anything as an example. even in the best environment (general price deflation) there will be investments that lose money. there is always risk. and taking risks must be highly rewarding when they work or no one will take them.

yes, i can come up with different ways that apartments can make money, even in an deflationary environment. but i’m starting to wear out, so i’m not even going to try. it would ultimately depend on how good a deal you could get..

but i’m starting to wear out, so i’m not even going to try.

Oh, well, we’ll just have to take your word for it then. Which seems to be the basis of your entire debating style.

In a deflationary economy the bank’s leverage is dramatically changed with very little deflation.

With inflation and QE they are just stroking their oars. Very little positive change has occured in their leverage.

BB is sucking up to the banks with his comments.

TJ - I like your comments today. I, too, think Mr Bernanke has placed us into uncharted waters. What a gamble he is taking !

Oh, well, we’ll just have to take your word for it then. Which seems to be the basis of your entire debating style.

ah yes, here it comes. the snide little remark that you think negates everything else i’ve taken the trouble to explain. most of it you apparently accept because if you look back you counter nothing except what you perceive as the weakest sentence of my post. how the hell do you think you’re kidding?

TJ - I like your comments today.

thank Patrick. my fingers are wearing themselves out on the keyboard.

as you can see, i’m making lots more errors..

“deflation in a free market is a sign of strength, not weakness.” Herbert Hoover, 1931

nice find. i honestly didn’t think hoover was smart enough to know that.

Why not propose a better banking system than the Fed and push your memes up towards the PTB who can change the system if they decide to do so?

i think the only problem with the FED is that they let criminals and idiots run it. that’s the weakness. i’m not sure how to fix it. maybe let a computer run it. but if we can’t fix it, we’ll have to move to something less efficient like the gold standard.

“maybe let a computer run it.”

I’m willing to bet there are people working inside the Fed who agree that would be better than the current discretionary policy of bailing out any big enough financial entity that blows up.

I don’t believe that is true.

you don’t believe ‘what’ is true?

The only breaches that I’ve heard of involved a loss of particular bitcoins, not of the value that “everyone that owned a bitcoin” shared.

the bitcoins that were ‘lost’ can presumably be spent. how does that not dilute the value of everyone else’s bitcoin?

the bitcoins that were ‘lost’ can presumably be spent. how does that not dilute the value of everyone else’s bitcoin?

Ummm… Last time I checked, theft was a zero-sum game.

In other words, while you are correct that the stolen bitcoins can be spent by the thieves, they can NO LONGER be spent by the previous owner.

In other words, there is no dilution effect resulting from theft.

This point seems abundantly obvious.

Ummm… Last time I checked, theft was a zero-sum game.

ummm… the last time i checked, what happened to bitcoin was a form of counterfeiting. counterfeiting reduces the value of what’s counterfeited.

In other words, while you are correct that the stolen bitcoins can be spent by the thieves, they can NO LONGER be spent by the previous owner.

since they were counterfeited, there was no previous owner.

“ummm… the last time i checked, what happened to bitcoin was a form of counterfeiting. counterfeiting reduces the value of what’s counterfeited.”

I realize there is a legal distinction between counterfeiting and QE3, but is there a technical difference? If so, what is it? Please refer to something besides the Fed’s monopoly right to create as many virtual dollars as they see fit to create…what, if anything, technically constrains QE3 from going too far?

The system of money creation we have now is the Fed.

agreed.

And history demonstrates rather emphatically that constant, predictable deflation is not the result.

it would be the result if we had true free market capitalism.

if you think it’s the FED that causes inflation, then explain the mechanism. because correlation isn’t causation.

i’ve already explained here several times why i don’t think it’s the FED’s fault we have price inflation. now it’s your turn to explain how you think the FED causes inflation.

it would be the result if we had true free market capitalism.

Yea, and according to you, we’d have deflation AND employers paying a high standard of living to those working 20 hours a week. And if everything was automated the owners of the automation would let everyone work a couple hours a week in exchange for a good life. But you never come close to explaining how this would or even could all happen.

Yea, and according to you, we’d have deflation AND employers paying a high standard of living to those working 20 hours a week.

yea, and it’s funny you want to jump in now when i’m already arguing with someone, else rather than do it yesterday when it was just you and me.

yea, and it’s funny you want to jump in now when i’m already arguing with someone, else rather than do it yesterday when it was just you and me.

You’re paranoid dude. I have a life and Rio has a beach. Even yesterday.

And according to you, we’d have deflation AND employers paying a high standard of living to those working 20 hours a week.

Right.

You’re paranoid dude. I have a life and Rio has a beach. Even yesterday.

right. we were in the middle of an argument and i answered you within 20 minutes. if you needed to take off, why not just type a couple words and say so.

i’ll be happy to pick up the argument with you at a later time. right now i’m having trouble keeping track of where all the posts are on this thread. it’s starting to get too messy here. we can discuss it later..

if you needed to take off, why not just type a couple words and say so.

Because I don’t care?

oh i think you care alright. you care enough to want to be a pain in the ass, because you can’t make your argument. so you snipe in and then saunter off for a day or two just to snipe in again when convenient. you’re pathetic.

so you snipe in and then saunter off for a day or two just to snipe in again when convenient

I’m back and it’s convenient.

So according to you tj, the owners of future full automation would let the non-owners of the means of production work a few hours a week for a high standard of living and according to you, if we had “real free-market capitalism”, we’d have deflation AND employers paying a high standard of living to those working 20 hours a week.

But you can’t explain in any way how this could possibly happen. What planet do you dwell on tj?

i’ve explained it several times before, but your socialist mindset refuses to believe it. that’s ok. i’ll explain it in a different way so when you deny it again, you’ll look even more idiotic.

let’s see if i can dumb it down enough to make it difficult for even you to deny. (probably can’t)

let’s say i make spears. i can average 10 spears a week on my own. but if i hire an inexperienced kid to gather all the materials i need, i can make 15 spears a week. i tell him i can pay him a spear a week to help me and he accepts. after a few months, the kid has enough experience to increase his gathering skills to where i can now make 25 spears a week with his help.

some other guy that makes spears wants to hire my kid for 2 spears a week. i figure he can match 3 spears a week if i make that offer to my helper, but not 4. so i offer my helper 4 spears a week and he accepts. his ‘income’ has quadrupled at the expense of 3 additional spears a week from me. of course it was never out of the kindness of my heart that i gave him a raise. it was out of my own self-interest because even though i gave him a good raise, i still can make 6 more spears a week (21) with my experienced helper, than i could have with a new inexperienced helper (15).

are you starting to get it now??…. nah, not a chance..

let’s say i make spears.

In your free market utopia, I’ll make those spears in China and you and your boy will be on food stamps and another tj will be calling you lazy.

Are you starting to get it now??…. nah, not a chance..

In your free market utopia, I’ll make those spears in China and you and your boy will be on food stamps and another tj will be calling you lazy.

my example could have been in china. all you’re doing is proving you’re too dense to get it.

Why won’t your apprentice strike out on his own and make spears himself?

Why won’t your apprentice strike out on his own and make spears himself?

i would try to keep my spear making methods secret for as long as possible. but you are right, many apprentices would try and some would succeed. the fact that that would happen at times doesn’t negate my argument.

tj I think your core argument is productivity and the expression of that wealth creation with fiat.

Automation is seriously replacing human capital - not the industrial revolution type of capital either.

I guess distribution will be the next labour fiasco. But not by the weakened unions this time around as automation is weakening them too.

How we can do this fairly is beyond my pay grade.

Patrick, automation is the greatest boon mankind has ever known. the more we automate, the stronger our dollar becomes. automation frees up human labor to do other productive things that again add to the value of our currency.

don’t believe the people that denigrate automation. they should be grateful for it. they don’t understand how much it has raised our standard of living.

I think your core argument is productivity and the expression of that wealth creation with fiat.

if i’m understanding you correctly, yes. plus, fiat is the most efficient currency. now all we need to do is figure out how to punish those who abuse this huge public trust. i wouldn’t be against the death penalty for it. of course then there wouldn’t be many that would accept the job. maybe that’s a good thing…

. but you are right, many apprentices would try and some would succeed. the fact that that would happen at times doesn’t negate my argument

So what happens if there are a lot of people producing spears, and paying their apprentices in spears?

tj

I agree. Unfortunately, we have to devise a new methodology of fairly distributing a quantum for people, and your 20 hour illustration might be the way.

Service jobs are being automated just as much as manufacturing, farming, fishing, etc so we can no longer say that a replaced worker will be retrained to service the new equipment. Even servicing is being automated.

Maybe a dramatically reduced work week will prevail.

Again, that is way - well - above my influence/thinking abilities of how to accomplish it.

I wonder how we can encourage a more debt free economy like our forefathers had. That might help lower the amount each worker will need.

we have to devise a new methodology of fairly distributing a quantum for people,

Doesn’t sound very free market.

So what happens if there are a lot of people producing spears, and paying their apprentices in spears?

so what’s the logic behind asking such a stupid question?

so what’s the logic behind asking such a stupid question?

I’m trying to find the logic behind your stupid statements.

figures that you’d think you can find any logic with stupid questions.

These days he spends all his time waiting in line at Applebee’s…

I miss TardBoi.

‘I miss TardBoi.’

Well, it’s spring break and he’s probably out of school. Maybe he’ll drop by.

My old firm in MS had several farm clients that had declared bankruptcy a few times…yet still farmed…still received taxpayer subsidies..and still drove brand and new F150s with wives that drove their kids around town in brand new suburbans that were being written off by the farm.

Death taxes LOL!

I remember a few years ago the Republicans tried to find a family farm destroyed by inheritance taxes…couldn’t find one.

Mainly because they make out like bandits.

$16 billion crop insurance payout stirs debate
Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has critics calling for changes to what they say is an inefficient taxpayer subsidy the government cannot afford.

While farmers buy crop insurance from private companies, the federal government subsidizes their premiums and picks up the tab for losses over a certain amount. One analyst estimates the federal tab for 2012 will come to about $11 billion….

…But Iowa Sen. Charles Grassley, another Republican, said it’s better for farmers to buy crop insurance than to go to the federal government for disaster aid every time there’s a significant drought or flood.

And here our one of our Blog Liars demonstrates his difficulty with definitions by posting a story of a couple gardening fools and calling it farming.

Well done.

GAAAA! I had the same reaction, Rancher. Vivid imagery, pimpster.

I lived it but that’s besides the point.

We’ve had a few uninformed posts about “farming” but they weren’t talking about farming at all. Gardening as a pastime is farming. It’s like saying building a deck is contracting.

I’m going to have to call bs on these guys. A city lot in Pasadena would require fencing– which cuts down on available sunlight, as would surrounding houses. To grow 6000 pounds of produce per year on a lot that size, even in tiered raised beds suggests fruit trees, which would further cut down on available sunlight. They don’t appear to be growing anything on their roof (which would be a big zoning no-no anyway) so where are they getting 8-10 hours a day for tomatoes and melons?

I’m not going to shell out for the video to see how they’ve set this up, but even if they’re growing pumpkins and zucchini (which are heavy suckers) and counting the weight of leaf litter and vines, getting three tons out of a 1/5 acre city lot is straining credibility.

Dervaes has a one-fifth acre lot in Pasadena, California,[1] on which he and his family raise three tons of food per year. This provides 75 percent of their annual food needs,[2] 99 percent of their produce and helps them sustain an organic produce business. They also raise ducks, chickens,[3] goats, bees, compost worms and are running an aquaponics fish experiment.

Dervaes started experimenting with self-sufficiency while he lived in New Zealand and later in Florida, then decided to see how efficient he could make an urban homestead in Pasadena, California, USA. According to Natural Home magazine, “The Dervaeses’ operation is about 60 to 150 times as efficient as their industrial competitors, without relying on chemical fertilizers and pesticides.”[2]

In addition to growing a significant amount of food, the Derveas family attempts to live off-grid as far as possible and have invested significant amounts of money to experiment with other ways of attaining self-sufficiency. They have 12 solar panels on the roof of the house, a biodiesel filling station in the garage, and a solar oven in the backyard;[4] they use a wastewater reclamation system, a dual-flush toilet, a composting toilet, and a number of hand-cranked kitchen appliances (to reduce power consumption). They also use solar drying, and have a cob oven.

http://en.wikipedia.org/wiki/Jules_Dervaes

(He’s a religious nut, too, apparently.)

Another loophole is you don’t have to do the farming yourself. You can lease out the land to a nearbyfarmer and still get the ag tax break. Now that’s making the land work for you.

In NY state you can have a farm and not grow anything. If you sell say farm equipment and generate at least $10,000 in revenues. A police officer( friend) does that in Alden NY.I know someone in Mechanicsville MD who does tree farming and has 300 acres. He is a select tree cutting farmer. Every few years he has to have someone from a forestry company mark a few trees on his land selected for cutting and he gets all the tax benefits of a Maryland farm.

This is nothing new - Yawn

My parents’ house in west friendship, maryland is a “farm” as are many around them.

If anyone wants to see what the “farms” in my parents’ neighborhood look like, here’s a representative example:

http://upload.wikimedia.org/wikipedia/en/9/93/FoxCreekNeighborhood144.jpg

Hydroponic farm project sprouts on KC riverfront

http://www.kansascity.com/#storylink=cpy

After years of trying to redevelop its downtown riverfront, Kansas City is close to landing its first private investment, a $4 million hydroponic farm expected to grow a million pounds of fresh tomatoes, lettuce and herbs annually. BrightFarms, a firm that traces its roots to rooftop gardens in New York City, has struck a deal with the Port Authority of Kansas City to build a 100,000-square-foot greenhouse on a 5-acre tract east of the Heart of America Bridge and next to Berkley Riverfront Park.

Read more here: http://www.kansascity.com/#storylink=cpy

Neighborhood looks kind of ‘nouveau’, joe. McMansions with brick facades and vinyl guts.

“If anyone wants to see what the “farms” in my parents’ neighborhood…”

Looks like it rains there, frequently. Lush.

Lush…… with flying insects the size of small aircraft.

‘Members of parliament have been working virtually non-stop this week to meet a Monday deadline for raising €5.8 billion ($7.5 billion), which is the condition the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Union (EU), collectively known as the troika, are demanding before they extend Cyprus a €10 billion loan so the island nation can rescue its banks and avoid defaulting on its sovereign debt, catastrophes that would likely result in it heaving to leave the euro zone.’

‘The ECB is warning that unless Cyprus comes up with €5.8 billion by Monday it will cut off the emergency cash supply that is the only thing keeping the country’s banks solvent…In addition, parliament on Friday voted to nationalize pension funds of state-owned companies to raise about €2 billion that could be applied toward the needed €5.8 billion.’

‘Confessions of an Economic Hit Man is a book written by John Perkins and published in 2004. According to his book, Perkins’ function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues.’

‘JOHN PERKINS: ‘…my real job was deal-making. It was giving loans to other countries, huge loans, much bigger than they could possibly repay…So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves.’

‘AMY GOODMAN: How closely did you work with the World Bank? JOHN PERKINS: Very, very closely with the World Bank. The World Bank provides most of the money that’s used by economic hit men, it and the I.M.F.’

I smell a rat with this whole Cyprus thing. Some banks loaded with lots of foreign money lose big on Greek bonds, become insolvent, and the whole country is held hostage? These people are taking everything from one country after another.

Like I said, the Medici would be proud.

No deal yet in Cyprus, as talks to continue later Sunday
Published March 23, 2013
Associated Press

NICOSIA, Cyprus – Cyprus officials and international representatives ended torturous negotiation in the early hours of Sunday with no agreement on a plan to raise money the island nation needs to qualify for a bailout package. Talks are set to resume later Sunday in Brussels, but time is running out: Failure would mean Cyprus could declare bankruptcy in just two days and possibly have to exit the eurozone.

Cyprus President Nicos Anastasiades and Finance Minister Michalis Sarris will travel to the Belgian capital early Sunday. A viable plan must be cemented before finance ministers from the 17 countries that use the euro currency meet in Brussels in the evening.

“Negotiations are at a very delicate phase,” government spokesman Christos Stylianides said in a statement. “The situation is very difficult and the margins very limited.”
…

Fear and anger

An apt summary of the Drudge Report editorial policy.

And rightly so. The liberals and statists are destroying our society, our values, and our freedoms.

I personally am disgusted by the pathetic docile attitude and apathy I see all around us. At least Occupy was angry enough to actually protest what they saw as injustice…

And I am disgusted by the various 24/7/365 “Chicken Little” rants of the Republicans/conservatives/tea partiers.

Just a question…….Why is everything an “Outrage!!!” with you guys?

Nothing is “annoying”, or “mildly irritating” or a “moderate problem”, or “something that should be addressed after exploring the options”.

Reminds me of the kids when they were 14-15……

‘Nothing is “annoying”, or “mildly irritating” or a “moderate problem”, or “something that should be addressed after exploring the options’

Some of us who oppose the current system don’t get too excited about it because after a few decades of standing up, it’s obvious that most people in this country don’t care about much but fast food and television. Which is the bigger problem, people who are docile or people who get upset?

Let’s take the Cyprus situation. Much is made about taking money from peoples bank accounts and giving it to international bankers. But here in the US, the central bank just prints the money and gives it to the same bankers. And at the same time, works to keep rates so low, those who have saved money earn nothing in interest. Jeebus, they are openly robbing all of us, and making a wealthy elite even more wealthy.

Do I get upset if that’s how I see things? Not anymore. I really like living in this country. But if the vast majority of citizens will stay silent when this kind of stuff is going on, nothing will change. And I guess we’ll get the future we deserve.

“But if the vast majority of citizens will stay silent when this kind of stuff is going on, nothing will change.”

Kleptocracy in America is supported by the clueless indifference of its citizenry.

Comment by goon squad
2013-03-23 08:31:20
“Fear and anger

An apt summary of the Drudge Report editorial policy.
”

I left out “finger pointing”.

“The liberals and statists are destroying our society, our values, and our freedoms.” Jefferson Davis, 1861

“Kleptocracy in America is supported by the clueless indifference of its citizenry.”

Exactly. Well said.

Just a question…….Why is everything an “Outrage!!!” with you guys?

Nothing is “annoying”, or “mildly irritating” or a “moderate problem”, or “something that should be addressed after exploring the options”.

Some people derive a lot of satisfaction from being angry. Accusing others of bad behavior may make them feel good about themselves. Sometimes you can see these people searching out targets for their anger. A lot of right-wing politics is all about identifying people and issues to get angry about. If you watch Fox News or listen to Rush Limbaugh, you’ll notice that they spend a lot of time working to make their audience angry.

Ben.

I’ve talked myself blue in the face, trying to explain to the local, almost exclusively Republican population, about these things, with very limited success.

The “Gospel” around here is that 2008 Financial implosion was due wholly to all those poor minority people who couldn’t/wouldn’t pay their mortgages, and because the Feds “forced” the banks to loan money to them.

They heard all this from Rush and Fox News, so it must be true.

If they were are so convinced that they are right, why do they continually distort the facts?

One thing I’ve learned, first as a parent, then as a foreman/supervisor with 30-40 direct reports, is that there are always two sides to every story. Unless dealing with outright liars, the “truth” lies somewhere in between.

Which is where I take issue with my Republican friends. They just can’t get their heads around the fact that the PTB consider them the “wretched refuse”, along with all of those blood sucking minorities they constantly complain about.

The “Gospel” around here is that 2008 Financial implosion was due wholly to all those poor minority people who couldn’t/wouldn’t pay their mortgages, and because the Feds “forced” the banks to loan money to them.

Ask them what “minority” means. (Not the majority) Then ask them how a minority of loans on cheaper housing could topple the much larger middle-class and the rich housing market.

How could 10% of the market topple the other 90%?

Watch them scratch their heads.

‘They just can’t get their heads around the fact that the PTB consider them the “wretched refuse”, along with all of those blood sucking minorities they constantly complain about’

And many minorities and Democrats think that white people are oppressing them in some way. This is what I refer to about the powers that shouldn’t be dividing us and pitting us against each other so they can do what they do. The arrangement with government and wall street is cheating us more than most realize. We’ve got disagreements. But I think we could all agree on many reforms that would benefit us all and that you’ll never hear mentioned by the media or the two parties.

The Black codes were an example of civil rights abuse through second amendment restrictions. Self defence was very important to some, and preventing that very important to others. Not that long ago.

“if_the_president_does_it_its_legal”

Wasn’t that some Republican president’s line?

‘Wasn’t that some Republican president’s line’

You’re right. Obama does no wrong then. Never mind.

“Obama does no wrong then.”

Where are my lefty, liberal comrades now? Why not be consistent and publicly criticize this president for the very same reason you were all over the previous president?

Fawking hypocrites.

The shrieking conservative tree monkeys are all over it. The situation will reverse when the party in power does, same as always.

Gawd I hate hypocrites.

I see everyone has bought the propaganda.

It’s us vs. them, not left vs. right.

Why not be consistent and publicly criticize this president

Obama is an elitist corporatist and sucks because “the Obama administration has driven federal prosecutions of financial crimes down to a two-decade low, buoyed in its blindness to corporate corruption by campaign donations from Wall Street banks.”

And the Repubs are worse and led by intolerant extremists. Maybe we should stick a fork in us.

“the Obama administration has driven federal prosecutions of financial crimes down to a two-decade low, buoyed in its blindness to corporate corruption by campaign donations from Wall Street banks.”

I thought he was a commie muslim anti-colonialist?

Or is he Wall Street’s best friend?

Here. Let BILLA step in: GWB was a lousy president. Obama is a lousy president. Both messed up and are messing up (Obama’s case) this country and taking away more and more of our individual liberties.

I hate partisan comments here that happen every day. Republicans say we are angels and Demos are devils. Democrats say we are humans and the others are dogs.

WHERE DOES THAT GET US? WHO WON?

STATISTS are “loosers.”

“I hate partisan comments here that happen every day.”

You have to understand that we must endure the lying posts of a few loudmouth partisan extremists. It’s a great ruse to detract from the fact that housing prices are massively inflated as the result of corrupt elected bastards.

Please understand that no partisan comments I ever make here are sincere, and they primarily serve the verbal equivalent of poking fingers into the eyes of sincere partisan posters.

I got your bottom line GS.

I got your bottom line GS.

I got your bottom line GS.