Tag Archive > money

Kyle Bass on BBC: Sovereign Crisis, Japan, Gold and Guns

» 18 March 2012 » In Dope, money, People » 3 Comments

Kyle Bass on BBC: Sovereign Crisis, Japan, Gold and Guns

I actually posted this interview back when it came out on here: How To Deal With Girls That Are Sexting You

I just listened to it again, and I thought it really deserved its own post.

It is one of the best financial interviews on the web for two reasons.

1. Kyle Bass is a smart cat

2. He masterfully and subtlety slaps around the female interviewer with skill never seen on television.

Some dimes that Bass drops:

“You can’t hate the mirror because you are ugly.” (I may bite this one).

“Capitalism without bankruptcy is like Chritianity without hell.”

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

“You know how screwed up Europe is when you have an Italian central banker and a German pope”.

“The only way to quote resolve any problems in Europe is to have massive debt restructuring…
One of the things we’ve said in our office recently is you know how screwed up Europe is when you have a German pope and an Italian central banker. We have a scenario today in which debt has grown globally in the last nine years from $80 trillion to $210 trillion. Global credit market debt has grown at 12% a year for the last nine years, while global GDP has grown at 4. We’re in a scenario where the PIIGS have sailed into a zone of insolvency. When you sail into the zone of insolvency there is no quote solution for you. The bill is due and you have to pay the pill. What has to happen is it is of our opinion that these debts have to be written down, it’s that simple.

Basically you’re saying if Germany goes joint and severally liable with the profligate idiots of southern Europe will that quote solve the scenario? Think about this. Let’s assume Germany goes to doing a eurobond and Germany takes on these… first of all German constitutional court has already ruled that that’s illegal in Germany, but let’s assume that they get over that and they go ahead and issue this bond. What would that do for the profligate members including Greece when Greece says, “OK we’re all in, we’re good, you’re lending us more money, we have a big debt problem and you’re lending us some more and now we can borrow a little cheaper,” and then Greece keeps spending, and they go back to Germany and say, “OK Germany I need some more money.” Germany says, “No, we’re going to impose this real austerity on you now.” Greece says, “Fine, we’ll default.” Every single time from now on Germany is in the exact situation it’s in today. We call it in Texas a Mexican Standoff, meaning there’s no winner. The profligate members will always have Germany by the short hairs every time this scenario comes up. So I disagree. I don’t think that Germany will end up going all in. It would not be to the benefit of Germany to do so in the long run. Let me ask you this question: How many of your relatives would you go joint and severally liable with?”

Click Here for Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets

Click Here for Psychology and the Stock Market: Investment Strategy Beyond Random Walk

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

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Marc Faber: Real Estate Investing and Renting Out Rooms To Concubines

» 20 February 2012 » In Dope, Game, money, People » 3 Comments

Marc Faber: Real Estate Investing and Renting Out Rooms To Concubines

Listen to this whole interview or start listening at 2:45

Marc Faber: “I was in Phoenix the other day, and then the taxi driver took me to a nice hotel, The Fairmont, and then he told me about how the person he drove right before me told him that he just bought a 5 bedroom house for $120,000. Where in the world can you buy a 5 bedroom house for $120,000 (good question?).

I would buy it, live in one bedroom and rent out 4 bedrooms to concubines!”

Faber is a straight old-school G.

Here is Faber talking about La Jolla, Newport Beach and Laguna Beach. Neighborhoods I am not all unfamiliar with.

And here is Faber talking about Facebook. But more importantly he spits Game at the Asian interview girl.

Click Here for Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets

Click Here for Tomorrow’s Gold: Asia’s age of discovery by Marc Faber

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

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Why Do Republicans Hate This, But Like This?

» 29 January 2012 » In Boxing, money » 6 Comments

Why Do Republicans Hate This, But Like This?

Why Do Republicans Hate This?

But like this?

Seriously, I don’t get it?

Is there a piece of the puzzle I am missing?

Please explain.

Bill Maher Breaks it Down

Click Here for Kershaw Leek Knife with SpeedSafe

Click Here for Roosh’s Day Bang: How To Casually Pick Up Girls During The Day

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Continue reading...

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A Subtle Way To Prevent Girls From Falling Too Hard For You

» 02 January 2012 » In Game, Girls, Nightlife, Style, Travel » 11 Comments

A Subtle Way To Prevent Girls From Falling Too Hard For You

In the past, we covered How to Un-Pick up Girls. (Mad Innovative and futuristic. Even most “top” players will only start incorporating those moves in 5-7 years).

Here is a move straight out of The Chambers of The G Manifesto to prevent girls from falling too hard for you:

If you are anything like me and you travel the world, do a lot of “math”, and accomplish it all while Custom Suited Down, you are going to have girls fall for you. And fall hard.

One way to stop this from happening is to tell girls after you swoop them, that you “hate” celebrating holidays.

You see, girls are completely brainwashed by society and “love” holidays.

Ever met a girl that didn’t absolutely love the holidays? Yeah, me neither. They don’t exist.

Telling a girl that you “hate” holidays is somewhat like telling a little kid that the Easter Bunny isn’t real; it blows their whole foundation up.

After the shock waves settle, girls start viewing you as “not relationship material”, which is exactly what you want them to think.

And let’s face it, American Holidays are weesh.

Lets’ break a few of them down:

New Year’s Day/Eve – If you really want to party, you don’t need society to tell you when. And it’s better to do it on a day when every dork is partying and The Police State is in full force. New Years Eve very well could be the only night of the year where I won’t go out at night.

Thanksgiving Day – I like turkey as much as the next cat, and I love mashed potatoes like any good half Irish kid does, but I can have a big meal with my family anytime.

Christmas Day – If you really want to give a gift to someone, you can do it August 1st. Or March 12th. Or…you get the broken picture.

April Fool’s Day – Kind of funny. Also, kind of tired.

Chinese New Year – Maybe would be smooth if you were in Hong Kong or Macau or somewhere. In America? Weesh.

Cinco de Mayo – Phony holiday created by the beer companies. And I can’t stand Tequila (drank a whole bottle to the brain as a kid and I still can’t even smell the stuff). I will pass like Jim McMahon.

Halloween – If you are a “Monster” like Cody, everyday is Halloween.

Mardi Gras and Ash WednesdayNot too bad, but I would never do again. (And it wasn’t my choice to do it the time I did).

Mother’s DayI do celebrate this one.

St. Patrick’s Day – Green beer? Come on. And this is from someone who’s Father was born in Northern Ireland. Belfast.

Valentine’s Day – Might be the worst of the bunch.

Any questions?

This all being said, I do dig holidays in foreign countries. I love the week-long Spanish Festivals in Summertime. However, America is such a Police State that outside of Mardi Gras, we don’t have any week-long, all-night party holidays.

And I do enjoy Bastille Day.

Hell, the more I think about it, I love Bastille Day; surfing a beach break during the day, picking up on topless girls at the beach and then an all night party with E-Tabs and fireworks?

Count me in.

What do we have to do to get a beach/beautiful topless girls/Bean holiday cooking in America?

Click Here for Roosh’s Day Bang: How To Casually Pick Up Girls During The Day

Click Here for The G Manifesto’s Free Gentleman’s Club Report

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Gabriel Davi – Beautiful (Official Video) [HD]

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Marc Faber: Predictions for 2012

» 25 December 2011 » In money, People » 1 Comment

Marc Faber: Predictions for 2012

Marc Faber Predictions for 2012

With his usual holiday cheer Marc Faber’s most recent interview had him slamming the derivative markets. In an interview with Reuters he went over his predictions for 2012 which calls for more monetary easing, QE 3 etc. He also continues to worry about the growing EU sovereign debt crisis and the lack of real solutions. This was confirmed today after the ECB announced more banks than previously known tapped liquidity lines to the tune of $600 billion.
Of course his long-term views are decidedly bearish. He thinks people in 5 years time will have maybe 50% of their money. This wealth loss will be due to either equity collapses or inflationary pressures due to monetary easing. Obviously political solutions are out of the question at this point. One can look at the US government and see utter dysfunction. The GOP led house has refused to extend a tax cut due to lobbyist pressures on certain pet projects. Then in the EU you have France and the UK with increasingly cold diplomatic relations.

“I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don’t know: you can postpone the problems with monetary measures for a long time but you can’t solve them… Greece should have defaulted – it would have sent a message that not all derivatives are equal because it depends on the counterparty.”

Looks like 2012 is shaping up to be another interesting year. The Mayans may be wrong about the end of the world, but if Marc Faber is right we won’t be able to tell the difference.

Source

Jim Rogers: Faber’s Wrong About China

Jim Rogers thinks Marc Faber has got it wrong about China, when he says the country is possibly headed for a hard landing, which would lead to a devastating impact on commodities around the world.

“Marc still does not understand China. There are going to be several hard landings in the next few years, but China’s will be less hard overall than others such as Greece, U.S., et al,” Rogers told CNBC in an email.

Rogers says some parts of China’s economy will have a “hard landing” but other parts will continue to boom. He says the commodity market will have a correction, but rebutted Faber’s view that it would be devastating.

“Yes, there will be consolidations in the commodity bull market just as all markets have consolidations,” he said. “In 1987, stocks declined 40-80 percent worldwide, but it was not the end of the secular bull market in stocks.”

Rogers said he was still long commodities, adding that gold went up 600 percent in the 1970s and then corrected by 50 percent scaring a lot of people. “It then continued its secular bull market and rose 850 percent. Corrections are the normal way of all markets.”

According to Faber, Rogers’ bullish call on commodities is misplaced. “If I was always bullish about commodities and completely missed out on the crash in 2008, then obviously, having tied essentially my reputation to commodities, I’d continue to be bullish,” Faber said.

But Rogers said Faber had got it wrong when it came to his call in 2008. “I proclaimed repeatedly far and wide that one should not buy commodities in the run up phase. I also explained that I was not selling mine since we were [and are] in a secular bull market,” Rogers said.

“I explained that my shorts of Citibank, Fannie Mae, all the investment banks and homebuilders, plus my long position in the Japanese yen would protect me in any sell-offs. When one’s shorts decline 90-100 percent, it is a good year even when one’s longs decline,” Rogers added.

According to Rogers, Faber is the one who has made many wrong calls, arguing that he “totally missed” the secular bull market in commodities that began in early 1999.

“Also back in those days, he and his friends proclaimed often that China was a mess and would continue to be so,” Rogers said. “They all were wildly excited about Russia. Some of his friends even left China to start operations in Russia. We all know how that resulted.”

Source

Click Here for Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets

Click Here for Manias, Panics, and Crashes: A History of Financial Crises

Click Here for Tomorrow’s Gold: Asia’s age of discovery

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Continue reading...

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