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The End of Liquidity
Daily Reconing ^ | 6/6/2006 | Bill Bonner

Posted on 06/06/2006 12:25:55 PM PDT by ex-Texan

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To: VegasCowboy

Here's the article from which I got my numbers. It makes a fairly persuasive case that things are not as bad as it seems. As we all know, numbers can be twisted to say anything.

http://www.reviewjournal.com/lvrj_home/2006/Jun-04-Sun-2006/business/7730279.html


21 posted on 06/06/2006 1:05:06 PM PDT by VegasCowboy ("...he wore his gun outside his pants, for all the honest world to feel.")
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To: ex-Texan

For all to learn from - especially on the Fed.

The Founding of The Federal Reserve (video)
http://mises.org:88/Rothbard-Fed

Jackson's 2nd Bank US VETO (very important - what he correctly and constitutionally opposed is just what we ended up with in 1913)
http://alpha.furman.edu/~benson/docs/ajveto.htm

How Progressives Rewrote the Constitution
http://www.cato.org/realaudio/cbf-02-15-06.ram

The Issue of Tariffs: How U.S. Revenue Collection Was Turned Inside-Out (video)
http://mises.org:88/Sophocleus

Size Matters: How Big Government Puts the Squeeze on America's Families, Finances, and Freedom (And Limits the Pursuit of Happiness)
http://www.cato.org/realaudio/cbf-02-02-06.ram

Big Business and the Rise of American Statism
http://praxeology.net/RC-BRS.htm

The Great Depression, World War II, and American Prosperity, Part I (video)
http://www.mises.org/multimedia/video/Woods/Woods5.wmv

Secrets of the Federal Reserve
http://www.barefootsworld.net/fs_m_ch_01.html


22 posted on 06/06/2006 1:08:53 PM PDT by Marxbites (Freedom is the negation of Govt to the maximum extent possible. Today, Govt is the economy's virus.)
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To: American_Centurion
You are behind the times. The bubble has already burst. Prices in New Jersey have fallen between 12.5 to 28% since May 19th. Prices in about fifteen counties in N. California have fallen about 10% - 12%. Now watch closely as real estate prices fall all across the country.
23 posted on 06/06/2006 1:10:09 PM PDT by ex-Texan (Matthew 7:1 through 6)
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To: Hydroshock

That seems like common sense to me, so why do I think an economics expert would say just the opposite? It often seems anymore the things I believe are good are bad according to the "experts", and vise versa.


24 posted on 06/06/2006 1:11:39 PM PDT by realpatriot (Some spelling errers entionally included!)
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To: American_Centurion

Scoff if you like but ET is not the only who thinks the credit bubble is popping before our eyes.


25 posted on 06/06/2006 1:12:32 PM PDT by Hydroshock ( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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To: ex-Texan
Some still don't get your tag line, do they?

I am still in the notion that some of what you've posted is gonna come true....election in Nov 06 and the big election in 08. The economy tanked right after Nixon's 2 terms,Regan's 2 terms, and Clinton's 2 terms....seems a good bet to me.

26 posted on 06/06/2006 1:14:05 PM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: realpatriot

The answer is real simple, if you live below your means, save, invest, and stay out of debt the "experts" do not make as much money off you. That is why they say it is bad.


27 posted on 06/06/2006 1:15:31 PM PDT by Hydroshock ( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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To: Hydroshock

WE'RE ALL GONNA DIE!!!!!!


28 posted on 06/06/2006 1:15:34 PM PDT by gogeo (The /sarc tag is a form of training wheels for those unable to discern intellectual subtlety.)
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To: ex-Texan

My point was, file a complaint with the Moderator and ask them to investigate who is adding these keywords. Something can be done about it.


29 posted on 06/06/2006 1:15:44 PM PDT by OB1kNOb (This is no time for bleeding hearts, pacifists, and appeasers to prevail in free world opinion.)
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To: gogeo

Die, no. But soem whill lose their shirts. I won't. I am positioned to ride out a recession. I have cash for emergencies adn have and am paying down debts.


30 posted on 06/06/2006 1:17:47 PM PDT by Hydroshock ( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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To: ex-Texan

Why would I look at key words?


31 posted on 06/06/2006 1:18:55 PM PDT by RobRoy
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To: ex-Texan

I bought my 1700 sq. ft. house on 3/4 of an acre in 1986 for $90,000. Now it's supposedly worth $360,000 - but that's the land. Anyone who bought my house for that price would likely tear it down and build some new huge place on it.

The guy next door had his (newer) house up for sale for ~$450,000. I told my wife "He'll never get that." And I was right. He's taken it off the market. I was talking to him and his real estate agent out on his lawn and I told him to his face, "You have to realize that your house is a teardown." He protested, but the real estate agent backed me up. Now he's found out I was right.

There's all kinds of huge new houses built in my neighborhood - 2500, 3500, 5000 sq. ft. on 1/5 acre or less lots, just squeezed on, selling for 1/2 a million dollars or more. Who's going to buy them down the line? These folks are going to find themselves upside down, with a house value of less than they paid for them.


32 posted on 06/06/2006 1:20:01 PM PDT by RonF
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To: RSmithOpt

Please change that to leftism, or better yet collectivism.

Just because the progressives co-opted liberal for themselves as a guise, doesn't mean that the Founders were not liberals, they of course were real classical liberals who eschewed the oppressive state, and instead wrote our constitution of liberty of limited Govt with few enumerated powers.

We need to take the glory they gave us back, not concede it.


33 posted on 06/06/2006 1:20:40 PM PDT by Marxbites (Freedom is the negation of Govt to the maximum extent possible. Today, Govt is the economy's virus.)
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To: ex-Texan; Toddsterpatriot; expat_panama
This is not a "gloom and doom" post.

Oh no. It's so much more than that.It's six bushels of gloom and doom BS from a gloom and doom website/newsletter.

34 posted on 06/06/2006 1:23:07 PM PDT by Petronski (I just love that woman.)
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To: ex-Texan
My only instance of surprise relative to the article is why the author thinks it will take that long for the effects of a worldwide liquidity drain to occur. Decades? I'd think closer to a tenth that long.
35 posted on 06/06/2006 1:23:44 PM PDT by Attention Surplus Disorder (Funny taglines are value plays.)
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To: ex-Texan
Run away and hide behind your screen names.

Everyone here is anonymous, even you. Free Republic is designed to work that way.

36 posted on 06/06/2006 1:25:21 PM PDT by Petronski (I just love that woman.)
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To: RSmithOpt

There are some that do and some that do seem to not care. Some pretend not to understand. Some are making money out of human greed and very sad, pathetic stupidity. Pearls before swine. Last week a freeper thanked me for saving them $ 200,000. People thank me all the time. Others just throw stones regularly. The more cowardly just vandalize key words. Pathetic.


37 posted on 06/06/2006 1:25:29 PM PDT by ex-Texan (Matthew 7:1 through 6)
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To: Petronski

The admin moderator deleted your KEY WORD vandalism. Did you even notice?


38 posted on 06/06/2006 1:29:06 PM PDT by ex-Texan (Matthew 7:1 through 6)
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To: OB1kNOb
Free doom and gloom!

The End of Liquidity
- INTERNATIONAL HERALD TRIBUNE - GLOBALIZATION - PROPERTY BUBBLE - PRICE INFLATION - GREAT DEPRESSION - CONDOMINIUM - CLASSICAL LIBERALS - SISTER SCHOOL - REVENUE - RECESSION - PAUL VOLCKER - MARKETS - INFLATION - HOUSING BUBBLE - GOLDMAN - GLOBAL ECONOMY - ENUMERATED POWERS - ECONOMICS - ECONOMIC - CENTRAL BANKS - Density=43 -
No Mercy Now, No Bail-out Later [Housing Bubble]
- TREASURIES - SWISS NATIONAL BANK - POTENTIAL OUTPUT - INTEREST RATE - CURRENT ACCOUNT - ALAN GREENSPAN - TECH BUBBLE - RECESSION - PAUL VOLCKER - MARKETS - INFLATION - HOUSING MARKET - HOUSING BUBBLE - HOME EQUITY - GREENBACK - GOLDMAN - FINANCIER - FANNIE MAE - ECONOMICS - ECONOMIC - Density=27 -
The Organization of Debt into Currency: On the Monetary Thought of Charles Holt Carroll
- GOVERNMENT MONOPOLY - CONTINENTAL ILLINOIS - NATIONAL BANK - FRACTIONAL RESERVE BANKING - COMMERCIAL BANKS - SOLOMONS - ROYAL PREROGATIVE - PAUL VOLCKER - OPEN MARKET - LAISSEZ FAIRE - DAVID ROCKEFELLER - CONTROLLING INTEREST - BROWN BROTHERS HARRIMAN - WEALTHIEST - SHAREHOLDERS - RESEARCH REPORT - PUBLIC INTEREST - NATIONAL CONGRESS - NATIONAL CITY - MILTON FRIEDMAN - Density=67 -
How do you pay property tax during a depression? (Vanity)
- LOCAL GOVERNMENTS - PRIVATE OWNERSHIP - POLITICIANS - LAND TAX - GREAT DEPRESSION - GREAT AMERICAN DESERT - BIG GOVERNMENT - PROPERTY TAX - PERSONAL EXPERIENCE - NAZI GERMANY - MONEY ORDER - LOST PROPERTY - INFLATION - GUBMINT - ECONOMICS - ECONOMIC - DEFLATION - WEALTH - TAXES - SEED MONEY - Density=20 -
China Close to Edge
- ENTREPRENEURSHIP - FEMALE INFANTICIDE - RECESSIONS - DEMOGRAPHICS - ASSIMILATE - UPPER MIDDLE CLASS - RECESSION - PSYCHOLOGICAL - MARKETS - INFLATION - HOUSING MARKET - ECONOMICS - ECONOMIC - DEFICIT - BUDGET DEFICIT - NATIONAL LANGUAGE - MANUFACTURES - LOANS - GOVERNMENTS - FREEREPUBLIC - Density=23 -


Sorry, couldn't resist :)
39 posted on 06/06/2006 1:30:32 PM PDT by Technocrat
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To: ex-Texan
The admin moderator deleted your KEY WORD vandalism. Did you even notice?

Since I haven't added any keywords to this pathetic thread, that makes you a liar.

40 posted on 06/06/2006 1:33:10 PM PDT by Petronski (I just love that woman.)
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