Tag Archive > Finance

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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Jim Rogers: Predictions for 2012

» 24 December 2011 » In Guide, money, People » No Comments

Jim Rogers: Predictions for 2012

Mr Rogers, the respected currency trader and hedge fund pioneer, cautioned that when the downturn takes hold “the world is going to be in worse shape because the world has shot all its bullets.”

Speaking in an interview with business television channel CNBC, the septuagenarian investor said that “since the beginning of time” there has been a recession every four-to-six years, and that’s mean another one is due around 2012.

However, he said that due to the extraordinary measures already adopted by central banks and governments around the world, the arsenal of available tools to combat the next recession is somewhat lacking.

With reference to Ben Bernanke, chairman of the US Federal Reserve, he said: “Is Mr Bernanke going to print more money than he already has? No, the world would run out of trees.”

Meanwhile, Robert Shiller, co-creator of the Standard & Poor’s/Case-Shiller house price index, warned that the next downturn may come even sooner.

“For me a double-dip is another recession before we’ve healed from this recession. The probability of that kind of double-dip is more than 50pc. I actually expect it,” he said. His prediction came despite the S&P/Case-Shiller index for May showing a 4.6pc year-on-year increase in house prices in 20 major US conurbations.

Source

US economy is a bubble that will burst: Jim Rogers

Jim Rogers – Finance News Network Interview – December 22, 2011

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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Jim Rogers Smacks around Larry “Cocaine and Cufflinks” Kudlow

» 15 October 2011 » In Guide » 1 Comment

Jim Rogers Smacks around Larry “Cocaine and Cufflinks” Kudlow

Good interview. Jim Rogers breaks in down as usual:


Click Here for Adventure Capitalist: The Ultimate Road Trip

Pretty good Cypher:

2011 BET CYPHER #1 (B.O.B, TECH N9NE, MACHINE GUN KELLY, KENDRICK LAMAR, BIG K.R.I.T)

My little brother Nicholas Alfonso Mason’s comments:

“Machine Gun Kelly, he kind of murders it. sounds like he said he got signed to Bad Boy, so he’s probably doomed.

B.O.B. is actually kind of the best though.”

Click Here for Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market

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

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Stalley: Lincoln Way Nights (Intelligent Trunk Music) and Jim Rogers on Japan

» 19 March 2011 » In hip hop, money, Music, People » 1 Comment

Stalley: Lincoln Way Nights (Intelligent Trunk Music) and Jim Rogers on Japan

I posted a Stalley track on Cocaine, Custom Suits and Wall Street. Here is the full mixtape for summer:

Here is Jim Rogers breaking down the economic impact of Japan disaster:

“normally when something like this happens it leads to a chance to buy things , all man made or natural disasters in the past meant that you could buy something, now I am not buying anything I am just watching at the moment , this is horrible and we do not know how it all gonna wind up, I would thing buying commodities would be better than buying stocks but I might buy both”, says Jim Rogers

Click Here for Forex Ironman – Next Generation Fx Trading

Click Here for A Gift to My Children: A Father’s Lessons for Life and Investing by Jim Rogers

Click Here for Adventure Capitalist: The Ultimate Road Trip by Jim Rogers

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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Some Dope Books I have recently read: Jesse Livermore, John Perkins and Jim Rogers

» 04 March 2011 » In Dope, Guide, money, People » 4 Comments

Some Dope Books I have recently read: Jesse Livermore, John Perkins and Jim Rogers

Bogotá, Colombia –

I am notorious for starting books and taking forever to finish them. (At any given time, I am reading 8-16 different books).

Recently, I finished a bunch:

Amazing Life of Jesse Livermore: World’s Greatest Stock Trader

This is a great book about quite possibly the greatest stock speculator of all time, Jesse Livermore. Perhaps more importantly, Livermore was a dashing financier and bigtime Playboy. He was also a Sharp dresser and Entered The Dragon as well:

“Jesse Livermore walked into the casino dressed in white tie and tails. Livermore enjoyed clothes. The tails had been custom made for him in England. He had four sets made several years before, and they remained unaltered. Livermore’s weight never varied.”

Great trading and gambling philosophy is explained in the book that unfortunately for Livermore all ended in tears.

“Only speculate if you can make it a full time job. Don’t take tips of any kind, no matter where they come from—don’t worry about catching the tops or bottoms, it’s a fools play. Keep the number of stocks to a controllable number. It’s hard to herd cats and it’s hard to track a lot of securities. Take your losses quickly and don’t brood about them, try to learn from them but mistakes are as inevitable as death—and only make a big move, a real big plunge, when the highest number of factors is in your favor, the highest probability for success is present.”

The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World

This book is written by the writer of Confessions of an Economic Hitman, John Perkins. Perkins is a smart cat, and also an International Playboy, so like most smart cats and International Playboys, he is worth listening to. He give a good breakdown of the Corporatocracy, gives solutions that we must follow or we will be ruined.

A woman tells him:

“Stop being so greedy, and so selfish. Realize there is more to the world than your big houses and fancy stores. People are starving and you worry about oil for your cars. Babies are dying of thirst and you search the fashion pages for the latest styles. Nations like ours are drowning in poverty, but your people don’t even hear our cries for help. You shut your ears to the voices of those who try to tell you these things. You label them radicals or Communists. You must open your hearts to the poor and downtrodden, instead of driving them further into poverty and servitude. There’s not much time left. If you don’t change, you’re doomed.”

A Gift to My Children: A Father’s Lessons for Life and Investing

This is a book by G, Jim Rogers, the swashbuckling traveler and legendary investor to his two young daughters.

“Understand this: If everyone saw himself as a citizen of the world rathter than of his town, city or country, the world would be a more peaceful better place where success in all forms is abundant and available to all. That’s not to say that we can’t be patriotic and love our country. But we must always be open to those who are different, because people from different backgrounds have much to teach us and vice versa.”

And

“Probably the best advice I can give to anyone, anywhere in the world is to have your children and grandchildren learn Mandarin. For their generation, Mandarin and English will be the most important languages in the world.”

Adventure Capitalist: The Ultimate Road Trip

This book is about Jim Rogers’ Guinness Book of World Records trip around the world. He gives a great breakdown of the world and continually drops investment gems:

“I differentiate between trading and investing. Traders are the short-term guys, and some of them are spectacular at it. I am hopeless at it—perhaps the world’s worst trader. I see myself as an investor. I like to buy things and own them forever. And what success I have had in investing has usually come from buying a stock that is very cheap or that I think is very cheap. Even if you are wrong, when buying something cheap you are probably not going to lose a lot of money. But buying something simply because it is cheap is not good enough—it could stay cheap forever. You have to see a positive change coming, something that within the next two or three years everybody else will recognize as a positive change.”

Click Here for Amazing Life of Jesse Livermore: World’s Greatest Stock Trader

Click Here for The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World

Click Here for A Gift to My Children: A Father’s Lessons for Life and Investing

Click Here for Adventure Capitalist: The Ultimate Road Trip

How I Made $729k Buying & Selling Websites – Extreme Website Flipping

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

pt 1/2 Jim Rogers on CNBC Squawk Box 2_27_11

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Marc Faber on Money and Women

» 18 November 2010 » In Game, Girls, People, Travel » 6 Comments

Marc Faber on Money and Women

“Get the money, the women, and cold bust the fat cable’s” – Eazy-E

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Here is a great interview with one of the financial characters I respect the most, Marc Faber.

Watch the whole thing, or start watching at 1:43:

Weesh Interview stiff: You have lived much of your life overseas in Asia?

Marc Faber: Yes.

Weesh Interview stiff: If you were to counsel a 20 year old American today, and say “go pick a country, go live there, go make your fortune there”, where would you tell him to go?

Marc Faber: Well, that depends obviously on preferences. I like Asian Women. Maybe someone else likes Brazilians or Cubans or Russians or Eastern Europeans. I mean there are lots of things to consider…

Finally someone kicks the Truth.

Best financial interview I have ever seen.

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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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