U.S. Financial Markets Have Become A Giant Mirage Built On A Foundation Of Fraud

The Economic Collapse Blog ^ | 04/17/2021 | Michael Snyder

[House Atreides]

“Fear porn to sell a book.”
************************
Yep. Fear porn is all the rage now.

[Varsity Flight]

Asset value inflation. Try cashing out to a once upon a time 2500 average driver now valued at over 25,000.

REAL-estate. Autos , suvs, trucks, houses, land. All through the roof.
THIS➡ Government-insurance money is being bundled into the SO CALLED “market””

[Rockingham]

With the defects and risks of such businesses formally disclosed in book-length prospectuses and hedged by other forms of disclosure, the legal basis for fraud claims will be hard to prove. The true problem is not so much fraud as that repeated rounds of federal monetary and fiscal stimulus have juiced up the investment markets and make investors heedless of risk. Inflation and rising interest rates will soon rebalance those calculations.

[plain talk]

Mirage or not ... those who saved and invested over the decades have been rewarded well.

[Truthoverpower]

The housing market has always been a giant fraud

Houses around here in Marin County are all worth 1.5 to $2 million and they sit on a 0.3 acre lot

Me and some buddies could build a better house for about 150 K

Meaning that little piece of dirt is worth 1.5 million

My solution rent

The rental market Virginia is always a real market - governed by market forces only( except in commie spots with rent control )

So we’re renting a really nice $2 million house for $4600 a month

I only had to come up with $10,000 to move in

We were able to get out of the other place we’re living and move completely in in a matter of three or four days

Try that with selling the house you’re in and buying a new one!

If you live in a socialist state like here in California - you never own anything

Go ahead and pay cash

Your property taxes are going to be 2% plus or minus of the real estate value or $50-$60,000 a year

If you don’t pay your property taxes the state will steal your house

Legally

Furthermore in a socialist state they will constantly assess your property with this proposition and that proposition of this tax in the tax

Again my solution rent.

Being a renter you have all kinds of rights that landlords do not have

Now don’t get me wrong if I ever buy real estate it’s going to be somewhere that I really really want to live and not leave a whole lot off and it’s going to be in the country

[LS]

There is something else going on with this deli. This isn’t “speculation.”

[GnuThere]

“You smell like beef and cheese! You don’t smell like Santa.”