Wednesday, February 17, 2010

Pyramid collapse is continuing

2011 $300 Billion Commercial Real Estate Time Bomb

This report does not come as a surprise to those of us who read: “The largest heist in history” – http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html And those who did not are well advised to do so. Altogether, Pytel’s blog, “Financial crisis? It’s a pyramid, stupid.” (http://gregpytel.blogspot.com/) is really a good guide in learning how things are likely to unfold in the financial world.

Posted by ant @ 02:45 PM (1638 views)
Please complete the required fields.



40 thoughts on “Pyramid collapse is continuing

  • What an absolute disaster!! Oh wait, it’s only $300 Billion…phew…I thought it said $300 Quadrillion Trillion Billion…

    Reply
    Please complete the required fields.



  • Pyramid collapse is continuing along with civilisation as we knew it.

    The subhumans have subprimed all but a few subversives.

    I stand alone but loud and proud, upon a bridge I watch the subway crowd.

    A free spirit with a free sub-perception.

    Reply
    Please complete the required fields.



  • Could you at least pretend that you’re posting something interesting rather than just hyping your meretricious blog.

    Reply
    Please complete the required fields.



  • Oops my mistake – should have looked more closely. You ARE posting something interesting while hyping your metretricious blog. Sorry.

    Reply
    Please complete the required fields.



  • @tpbeta: you are entitled to your opinion on Pytel’s blog. However it does not come across as particularly honest and intelligent if you do not put any argument that question validity of Pytel’s arguments whilst being mildly insulting. You appear to be so blind with envy towards Pytel that you wrote:

    “Could you at least pretend that you’re posting something interesting rather than just hyping your meretricious blog.”

    Best testimony to your attitude and integrity.

    In fact the first comment by estrader justifies that Pytel’s blog is NOT “meretricious” after all as it was also Pytel who observed in his analysis conducted over a year ago:

    “…it’s only $300 Billion…phew…I thought it said $300 Quadrillion Trillion Billion…”

    This is why I believe Pytel’s blog is massive. He is not a fortune teller and does not pretend to be one: but his analysis is such an excellent framework to explain and predict – within the boundaries of human behaviour – of what we should expect to unfold.

    So cool down tpbeta and get life.

    Reply
    Please complete the required fields.



  • “…it’s only $300 Billion…phew…I thought it said $300 Quadrillion Trillion Billion…”

    That was my comment and it was tongue in cheek. With Americas now $800+ Billion TARP and the likelihood of a 2nd stimulus, with Dubai’s debt and bailout, Britain’s Q.E and Greece and other ‘PIGS’ and the prospect of the collapse of the eurozone…etc $300 Billion doesn’t seem like a lot of money anymore…the world continues to party like it’s 1999…!

    Reply
    Please complete the required fields.



  • @estrader: your comment is excellent. And despite disparaging comments by tpbeta, have a look at the blog “Financial crisis? It’s a pyramid, stupid” – http://gregpytel.blogspot.com/ Whether you agree with it or not is one thing, but in my view “The largest heist in history” is really worth to have a thought about: http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html

    Reply
    Please complete the required fields.



  • Not sure tpbeta was primarily commenting on the quality of pytel’s blog.

    Reply
    Please complete the required fields.



  • @rumble: tpbeta actually doesn’t as he presents no arguments on merits. whilst fuming with envy he is dishing out mild insults.

    Reply
    Please complete the required fields.



  • What an absolute disaster!! Oh wait, it’s only $300 Billion…phew…I thought it said $300 Quadrillion Trillion Billion…

    zillion, pillion, gillion, nillion………..

    Some Keynesians fool will think it a good reason for a bail out.

    But who bails out the bail-out!

    Reply
    Please complete the required fields.



  • Not sure I was commenting on the quality of tpbeta’s comment.

    Reply
    Please complete the required fields.



  • hpwatcher,

    We just need to check down the back of the sofa.

    Reply
    Please complete the required fields.



  • @rumble: sorry, but I did. tpbeta is one of those guys who are the curse of the blogs. he is criticising Pytel in an insulting way whilst not really being able to provide any arguments on the merits. his rather discriminatory approach is also disconcerting: one must not discriminate even obscure blogs the against mainstream media. blogs were actually created to break the monopoly, and let the readers judge stuff on their merits

    Reply
    Please complete the required fields.



  • lol, slippery critter.

    Reply
    Please complete the required fields.



  • Derivatives are 1.5quadrillion, so, yes, they are scratching the surface with these stories, and no, shame on people here for mocking numbers. It is very childish and one of the reasons we are in such a mess. Like, fine, you are misinformed, but don’t relish in your ignorance.

    Reply
    Please complete the required fields.



  • ant, you have a lot to say, and seem to enjoy debating… perhaps you could enlighten us as to your opinions on other topics and not just when you post links to Greg Pytel’s blog

    Reply
    Please complete the required fields.



  • rumble – I wasn’t commenting on the contents of Pytel’s blog – which I regard as unremarkable – so much as Ant’s relentless and tedious promotion of it, obsession with bending all discussion and comment (including criticisms aimed at him) towards discussing the contents of it, and general ad nauseam repetition of the notion that it’s the source of all wisdom.

    Reply
    Please complete the required fields.



  • Tpbeta,
    “rumble – I wasn’t commenting on the contents of Pytel’s blog – which I regard as unremarkable – so much as Ant’s relentless and tedious promotion of it”

    — That’s what I said:
    “Not sure tpbeta was primarily commenting on the quality of pytel’s blog.”

    Reply
    Please complete the required fields.



  • Yes I was agreeing with you. Sorry not to be clear.

    Reply
    Please complete the required fields.



  • The finance for nearly all new TVs, new kitchens, new cars etc etc are ‘underwater’, that doesn’t spell disaster, and neither should commercial property loans being underwater. If the loans are being paid, it doesn’t really matter the mortgage is for more than the property’s value, does it?

    Reply
    Please complete the required fields.



  • @tpbeta: so why are you not commenting on other’s relentless and tedious promotion of the FT, BBC and so on which are even less remarkable than Pytel’s blog? you seem to be fixated on Pytel’s blog, tpbeta.

    Reply
    Please complete the required fields.



  • @another alan: as I share Pytel’s view (to a large degree), it is factually, mathematically and analytically correct you do nit expect, do you, to start re-writing Pytel’s blog? It is all there as far as I am concerned.

    Reply
    Please complete the required fields.



  • If there was another monomaniac around here who only ever posting in order to praise one writer (who was probably either him in disguise or someone personally associated with him) then I would criticise that too.

    Reply
    Please complete the required fields.



  • @tpbeta:

    you called first @2 (and then repeated @3) Pytel’s blog “meretricious”

    then you wrote at @17 “I wasn’t commenting on the contents of Pytel’s blog”.

    This is shape shifting: not honest or particularly clever. tpbeta, I think you believe that people who read this blog are thick and are unable to spot such crude stuff.

    Reply
    Please complete the required fields.



  • @tpbeta (22): deal with the merits not side issues. the fact that I am a fan of someone’s blog does nit mean at all whether it is good or not. If you can persuade me – on the merits – that pytel’s blog is not worth propagating, then I will be happy to accept your suggestions.

    However the fact that you use words like hyping “meretricious” and “unremarkable” and cannot justify them goes to show that you appear to be envious or have a vested interest in stopping views like Pytel’s from being propagated. This is not healthy for a debate.

    Reply
    Please complete the required fields.



  • i think there are pyramids here too

    Reply
    Please complete the required fields.



  • i think there are pyramids here too

    Reply
    Please complete the required fields.



  • Ant: “deal with the merits not side issues”
    The issue is not the merit of the Pytel blog, which you are determined to debate come what may, and which I have little interest in. The issue is your bizarre determination to promote it at every turn, like some weird cultist.

    Reply
    Please complete the required fields.



  • markj69 str05 says:

    @ tpbeta… So shall we await your insulting comments directed at MW next time he posts about ‘Land Value Tax’?

    Reply
    Please complete the required fields.



  • @ramble: the pyramids that Pytel writes about are here:

    “The largest heist in history”

    or here:

    “The Rise and Fall of Albania’s Pyramid Schemes”

    ramble, you are somewhat confused and do not really understand the issues of Pytel’s blog

    @tpbeta: you wrote: “The issue is your bizarre determination to promote it at every turn, like some weird cultist.” It is not an issue. It is really none of your business (again it is your opinion what’s bizarre or not). What’s more important, explain what it has to do with the merits of Pytel’s blog?

    (you seems to be a kind of totalitarian communist trying to block someone else views… sad case)

    I value blogs as these are the places where I can find some competent and original stuff not social anthropologists trying to put a few coherent words on the high finance.

    Reply
    Please complete the required fields.



  • Ant:”you called first @2 (and then repeated @3) Pytel’s blog “meretricious”
    then you wrote at @17 “I wasn’t commenting on the contents of Pytel’s blog”.
    This is shape shifting”

    The meretricious element stems from the overblown claims made about the blog not its contents.
    mer·e·tri·cious (mr-trshs)
    adj.
    1.
    a. Attracting attention in a vulgar manner:

    Reply
    Please complete the required fields.



  • @tpbeta: “overblown claims” are possibly for the size of your brains. I hope you do not regard this supposition as vulgar.

    Reply
    Please complete the required fields.



  • “@ramble: the pyramids that Pytel writes about are here:”

    I’m sorry, I didn’t get that, could you post them again?

    “ramble, you are somewhat confused and do not really understand the issues of Pytel’s blog”

    I have read pytel’s blog, not sure where i got the links, but i must admit i only read his posts the first time i stumble upon a new link.
    It may not be my place, but i’m going to suggest that i am not somewhat confused. Have you considered that pytel’s pyramid is only the tip of the iceberg? You think Superior General Adolfo Nicolas, the SMOM and Grand Orient Lodge, including Gaddafi, the UN and their NGOs twiddle their thumbs all day, have no plans, for you, and pytel? Have you considered that perhaps pytel and his ilk are nothing more than a diversion? You keep your keep your eye on the bankers and the bank detectives, but when your illusion disintegrates around you, don’t let me see you crying about not knowing any better. Remember the words of rumsfeld: there are known knowns, known unknowns, and unknown unknowns…. knock, knock, this is your wake up call….

    Reply
    Please complete the required fields.



  • @rumble: the link about pytel’s pyramids is clearly @28.

    your suggestions clearly show that you are confused and did not understand pytel’s writing as he does not go into that direction at all: use logical reasoning rather than fantasy whilst reading pytel’s post. it should help: then you would rather mention albanian gangsters of 1997 and Madoff (but of course these two examples are exaggerations resulting from Grand Lodge conspiracy theories)

    Reply
    Please complete the required fields.



  • “@rumble: the link about pytel’s pyramids is clearly @28.”

    It’s telling me that is not a valid ip address…? I tried email also…? Maybe it’s been abducted by the albanian gangsters and the madhatter.

    Reply
    Please complete the required fields.



  • @ramble: here’s the link: http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html

    it all works on my comp

    “albanian gangsters”, or rather their less sophisticated friends from the City and Wall Street, are busy ransacking the financial system. i do not think they have time for pytel’s links 🙂

    Reply
    Please complete the required fields.



  • You’re a determined insect to respond to those comments.

    Thanks for the link, I have actually seen it somewhere before. And have even read it. Well, at least the title.

    Reply
    Please complete the required fields.



  • it takes one to know one 🙂

    Reply
    Please complete the required fields.



  • No, no. I’m an onomatopoeia.

    Reply
    Please complete the required fields.



  • @ant “”overblown claims” are possibly for the size of your brains”

    Yes I must be thick not to recognise your London University frustrated press officer guy as the new Keynes. It’s so obvious.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>