Inflation news - going backwards with a boom

I didnt refute any data i just stated the fact that theres many that overcome the hurdle. by getting a second job or buying & selling things like many people on here flip coins for a few extra bucks here & there . They are the people that will make it because they try to overcome it ...even if they fail they learn something about what not to do again..

Thats where my main problem with you is you just bang on about its out of my reach & the rest of us made it this hard for you when its a case of you not having a go . Not once have i seen you flipping some bullion to make a bit of extra cash to improve your stack or telling us a tale of how you tried & went bust .You just put it in the too hard basket . You need turnover & cashflow to make profits . Thats something you really cant get a grasp on .You just go to work & dont have any other means of cashflow to make said profits .

Tell me if im wrong & you have some sort of cashflow other than your wages .

So inflation even though its getting harder its not impossible to make more than inflation you just need the turnover / cashflow to do it . You just look at your charts & data & think its impossible to keep ahead of the curve when the reality is its not

 

How is stating that he himself is not the best educated being condescending ? Im with you birdman i left school yr 10 & i done okay . Its not about education its about commonsense .

 

If I wasn't thinking outside the box Reno I wouldn't even be a stacker in the first instance.

Your mistake is assuming that because I have a moral standing, I have no plan and worse, that I deserve the position I am in because I'm not playing a part in the great ponzi property scam.

I'm having a 'go', but I do it by working hard and putting a little aside where I can.

You make absolutely no concession for the difference in cost of living standards, current business models or appreciation for the fact that sitting on a substantial capital position makes further cashflow a lot easier.

Your position has always been 'well I did it, so what are you all bitching about' and then you piss on anyone who dares question the methods you exploit.

Your ideological model is based on the premise of 'if you can't beat them, join them' and worse 'join them at any cost'

I cannot and will not adopt this philosiphy, nor will I tolerate anyone trying to tell me my family will starve if I don't participate.

It's the same bullshit paradigm that market interests and PI investors have been shoving down our collective throats for decades and I cannot tolerate it - the greed/fear investment paradigm is the reason why things are so screwed up and the only advice you can give is to join the party on the bottom rung.

Have you not studied how a Ponzi scam works Reno?

I have.

Before your time here I had to flip a small amount to pay for things my family required at the time.

 

Or more realistically 'Right place at the right time' combined with 'no appreciation for the dangers of risk'

Any gambler in a casino thinks the same way... 'having a go' or should I say 'You can't win it if you're not in it?'

Even if you made your fortune based on business and then pushed that cash into property to build cashflow, it was done at a different time under very different circumstances to today, a fact you simply cannot and will not appreciate.

I would think that if you tried the same crap from scratch again today, you'd be just like the rest of the plebs right now stuck in perpetual capital gains stalemate and listening to hawkers like yourself telling them how easy it is.

I'd expect you to disagree, but that's just here say anyway.


I'm not looking to ride the coat tails of an established ponzi and ride the tax payer subsidised debt train Reno. You've been conned into thinking you're better than Joe Average because you played their rigged game a little better than most.

I have no ambition to be your greater fool.

 

^^^ this. So much this. Can't believe I'm agreeing with renovator but here you go.

I mean if you don't like property for moral or logical reasons then there's still plenty of ways to get some cashflow with your savings.

 

Now lets just focus on your last sentence shall we ? THIS IS YOUR PROBLEM !!!!! You flipped some of it to spend & have no return whats so hard to understand here ? you didnt flip it to make a profit & get back your investment plus profit you got the money & spent it ....geez for a well educated guy your lost in the fiscal wilderness.

What has making a profit got to do with a ponzi ? i'll tell ya SFA !!! You owned your bullion no money borrowed no ponzi there. You just didnt see the future coming . Thats where the financially literate win the game they know shit happens & have planned for it in advance plus extra . & continue to turn it over to make extra to negate any inflation . I dont know what you have to argue about . Its all about the ponzi & nothing else for you & you seem to throw up the same arguements saying its the be all & end all of your problem because you wont participate when its all about your last sentence .....fuill stop .

 

How do you know what I sold it for Reno? You really love to assume, don't you?

As for the rest of your blabbering bullshit, what on earth are you talking about?

Actually, do you even understand what the hell I'M talking about regarding the Australian property ponzi scam?

Seriously, wtf?

 

Ummmm........you just told me that you flipped some to pay for your families needs . OMG what are you smoking man .

Good to see you backed into the corner again throwing insults i understand its your coping mechanism .

Tell me where i have mentioned the property market or ponzi ? ........anywhere ? Thats what i mean about you bring it all back to the same BS arguement time & time again saying i was in the right place at the right time .

The thread is about inflation & i simply mentioned how people overcome inflation & you start crapping on about the property market & ponzi AGAIN !!!! give it a rest & get back on topic & tell us how you do or will make a few extra bucks to overcome inflation or will you do nothing & complain ?

 

Pot, kettle, black. Your entire existance here is nothing but one big trolling session - you don't get to berate me for returning the kind of respect you show others and I refuse to be civil in dealing with you any further idiot. Either use the report button or grow a spine as you please, I show respect and civility to those who show it in kind. You don't, so stop asking for it.

Are you saying that inflation and property prices in Australia are not tied together?

Google Australian house prices you retard and get with the program.

 

Idiot ,grow a spine , retard hows that corner looking ? :lol: your so predictable everytime you get asked the hard (for some ) questions you go into a name calling tirade worthy of a ten year old ADHD sufferer or tourette candidate

 

I have cut and pasted the essence of this thread. Just got back from a meeting in Sydney that I had with a business contact who is advising me on another trust structure for a new business I am about to start in Feb 2013.

While I was away over the weekend I read The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy

I would give the book 2/5 stars; don't buy it. The best part of the book is the explanation of the coming huge inflation spike we are going to see like mentioned in #13 post by Fykus about the 1970's. We will see inflation at 20++ % and interest rates again well above 17% that I experienced back then, so renovators post about earning more is spot on.

This is not a post attacking you auspm. I realised when I was a wage slave, that nothing would change until I got the dead hand of our gubermint off my wind pipe. Having tax taken from your wage before you see it just doesn't cut it.

I had a client whisper to me today do you want cash? My stock standard answer is no because our honest cash flow is what funds our ability to continue to gear and yield even more cash flow.

Kind Regards
non recourse

 

FFS you remind me of George W Bush, youre either with us or your against us, in other words you have no choice. And please do not use that word again, its offensive

 

Blah blah blah (insert smiley) blah blah (insert "I KNEW IT MEME") blah blah (I goaded him into a response I'm so awesome!) blah blah blah

Whatever dickhead.

Possibly the most civil response I've had from you yet - and without the usual jibe.

If we are to see a 17%+ spike in this country, then the Australian housing market as it stands today will be utterly decimated. There's no way this government could tolerate the massive ramp up in lost tax revenue in such an environment through their incentive programs and every 'wanna be' PI will be running for the door to get out.

I remember the 'Recession we had to have' during the 90s well (I worked through the entire thing). It was not a pretty experience and I think anyone who's Gen Y and before would find such a repeat of this event very humbling indeed.

That said, I do appreciate your candor and knowledge on cashflow investments and whilst I am personally against the debtor ideology, I do appreciate your sentiment in now wanting the miserable pigs in Canberra with a hand around my throat.

Getting back to my earlier statement in another thread, I have no desire to rule over others (politically or financially) as I don't want them to rule over me.

To put it in more simple language (and I'm sure many of you readers feel this way), I just want to be fkn left alone to live my life in peace.


Whether it's the tax man or the extortionist investor, someone is out to get a pound of your flesh for free and I'll fight them all as best as I can.

I just think we're approaching a time where this death and debt paradigm from the top down is going to come to an end. I don't see the resolution in situation being derived from simply siding with the establishment (or undermining it) trying to play their rigged game and assuming you'll win.

When all the chips are down, these people can change the rules as they please - rules that you are forced to work by - and in a mob rule society, you will never get the support or protection you assume are yours by right, no matter what you want to claim.

I have absolutely no qualms with reward for effort. I fully endorse and support the ideal of working for yourself as a moral absolute. I am not in favour of collectivism or socialist ideology in any sense.

But what I am against is this current paradigm of something for nothing and further more, exploiting others for profit.

I'm of the stable that you create something and derive profit from value add, based on free exchange and agreeable terms.

What we have today is controlled markets, extortion driven and based on fear, greed and gambling ethics.

I'm totally against this ideal, which is why I don't roll over when some bitch like Reno wants to play the smart arse 'your family will starve if you don't turn to the dark side' industry propaganda bullshit line on me.



Until we (as a society) turn that corner and start thinking in terms of production, innovation, value add and mutual, free market exchange, I don't see this situation getting any better at all.

 

So goading, trolling, baiting and use of condescending name calling is all fine as long as we don't use a naughty word or two?

I notice my post was already deleted.

Says a lot for what this forum has become.

"Be a troll - as long as you're smiling when you do it"

I'm only returning in kind what's been dished up to me (and reported dozens of times without anything done about it).

 

Since when has cash become dishonest (as implied by your refusal and subsequent 'honest cashflow' speech)?

If your client gave you cash, isn't it then your responsibility to do the 'honest' thing (whatever that means), rather than insinuating the payment method and client are dishonest?

 

Aus this is where your wrong there is no goading & trolling i admit a little baiting its just the way you take it . I throw a bait out to see if you will give a fiscally literate response to solve a problem . Which to date you havent done & resort to name calling & insults as a coping mechanism because you dont have an answer . Which is something you accuse me of doing all the time.

As far as reporting me dozens of times . Whats to report ? me asking questions ? I have never reported anyone for anything ...never have ....never will so throw as much dirt as you feel you need to ive got broad shoulders so the shit rolls off. . You just see its me asking the questions & go off like a tuorette sufferer . Why dont you just give an answer it would be much easier . . My opinion is still the same ....you got nothing ......

 

As you were not there and as mentioned the client whispered and believe me it was nudge nudge wink wink..... I'll give you the benifit of the doubt for questioning.

A number of years ago I negotiated buying a competing business of which 40% of the income was undeclared. As I explained to the seller I would only pay for what was declared as I had no proof to base my purchase price on what he claimed.

In the end he sold me the business for the declared income as he reasoned he had made and collected 40% profit without tax and his capital gain tax was lower. Much to our surprise the real income was about 60% above what we paid for it in the first year and as we were declaring the entire amount and issuing receipts, plus the mates rates he was charging went by the way.

Kind Regards
non recourse

 

It's a fair point actually, but it's probably important to note that now or back then, it was pretty much the same ideology.

Case in point :



Circa 1870/1880

Notice the similarities to today?

Why is is that we never learn from this trap and further more, why do we place on a pedestal those who wish to continue working the same game we KNOW doesn't work?

It's a rigged market and yet, those who wish to protest it are the first ones we shout down for not playing along. What does this say about us today, yet alone 1870 when this image was created?

Have we really changed that much? I say no.

Perhaps this is why we're doomed to repeat the same mistakes (as a collective), this constant assurance that you cannot escape the same cycle of ignorance and mistakes?

It is ironic that during this period of reflection after each cycle we vow never to repeat the same mistakes of the past and hold up the moral ideals (as in the image above) as a warning to future generations.

Then not only do we repeat the same mistakes anyway, the first people we cast out are the ones who ask you to stop and reflect on the lessons of the past?

Look at this forum and think hard about those the collective put up highest and those which they lambast the most.

The entire philosiphy of Silver Stackers was to promote an ideology and understanding of how the system is rigged against us and how to protect yourself from it, not how to use that inside knowledge to perpetrate that exploitive aspect of the system and exploit others.

SS used to stand for something more than that, else we're honestly no better than the people we despise in power.

 

is that your definition of life? just to survive and get by. Sure anyone can get an extra job and earn more money, but at what cost? its all good and fine when your young and single, but what when you have a family?

Sure the farther can do overtime and the mother can get a job too, but then their child will grow up in daycare center and not experience the warmth and love of being raise by their own parents.
I was lucky to have had my mum always home to look after me and my brothers when we were young. Nothing beats the feeling of coming home from school, to smell your mums cooking and have her bring you a drink or if lucky an ice cream This is something i want to be able to do with my children too. I would hate for them to come home to a empty cold house due me and my wife having to work. Sadly i see this way to often today with many family's.

So i can relate to people that just want to have a simple life, but due to inflation its becoming harder and harder. Whereas it was more simple to achieve back in our parents day, coz everything they needed was cheap and everything they didn't need was expensive. Now its the other way around.