Is it true the Federal government balance sheet values land holding at historical cost? I thought I heard about this once and how the Fed is sandbagging the numbers. We are not in the dire straits people make it out to be. The land which is held in reserve can be sold for a helluva gain for your Uncle. It's valued in the trillions using present dollars. The cost is peanuts. Take the Gadsden and Alaskan purchases for example.
So what do you think will happen to the value of privately held land if the Feds dumped their supply on the market?