Posted on 11/24/2012 5:33:22 PM PST by upchuck
William McKinley?
So, should I buy real estate now? Prices are low, rates are low, and I believe housing takes a ride on the inflation trainJust my humble opinion, but real estate as an investment is a bad idea if this article is correct. Sure, real estate prices will rise because of inflation, but I don't think it will keep up with inflation.
Also, there's the problem that taxes on real estate is a major source of revenue for the government. As they become more desperate, tax rates will skyrocket. We're likely to see artificially high tax assessment values as well as dramatically higher tax rates on real estate. These will make it impossible to actually sell the real estate when you need to liquidate. That's assuming that the government doesn't simply nationalize your real estate to provide housing for the parasite class.
I would work on having a paid-off property I could use as retreat and farm. Beyond that, I would be looking elsewhere to "hide" my assets, preferably something the U.S. government couldn't reach.
Of course, if we are nearing the end of the "great recession", and if things are going to get better over the next decade or two, then real estate would be a wonderful long-term investment.
Not if they are wethers.
Just watch who you call a bum; Buster!
This collar don't say Bad to the Bone! fer nuttin!
http://www.imdb.com/title/tt1234548/
Nope...
WHEN is lunch!!!
Works for me!!
Corporate and business taxes are merely a cost of doing business that is passed on to the consumer of the product.
What a scam!
Concur.
Until the public intuition returns to “if you don’t work, you don’t eat” and it becomes obvious government has strangles the ability to work for one another, we continue to spiral downwards, out of control.
Got BLING?
The Message (MSG)
10-13 Dont you remember the rule we had when we lived with you? If you dont work, you dont eat. And now were getting reports that a bunch of lazy good-for-nothings are taking advantage of you. This must not be tolerated. We command them to get to work immediatelyno excuses, no argumentsand earn their own keep. Friends, dont slack off in doing your duty.
Imagine what Obama could get for his Paramilitary Security kitty by nationalizing and selling off the Grand Coulee and Hoover Dams. How about Fort Ord? Coronado and Seal Beach? Tolling the entire Interstate system?
Yum, yum, tasty dumplings for discriminating Chinese buyers!
Ain’t about debt. Debt is the distraction in this article. To service that debt requires the existence and enforcement of Constitutional Freedoms. Every discussion of the debt in the public sphere is shaped by those desiring the preservation of the status quo...ie Flyover Country as debt slaves.
The amount of the debt is merely a measure of that which we have permitted be taken away from us.
“Our existing military can certainly acquire tribute...”
Pricing oil in dollars is how we have exacted tribute from the rest of the world since WW II.
The Mid-East “blow-up” under Obama has so far taken out those mid-east leaders who started thinking otherwise.
http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml
No, the market was already broken when W. asked for the job. Greengargoyle (Andrea Mitchell's bedtime toy) jacked up the Fed funds rate repeatedly in 1999 going into 2000, and the bull market finally broke about a month into 2000, the NASDAQ and Dow Industrials peaking a couple of months apart and then starting a long, nasty slide into intermediate lows in 2002.
Then Gargoyle jacked open the Fed window as soon as Dubya's tanks crossed the berm in Iraq, and the market rally-rally-rallied all the way to summer 2004, and then, after a couple of pauses, to recovery highs in 2007.
Greenspan effectively put the Iraq War on the national cuff, and the cash found its way into the markets.
You know the rest, but basically the Fed was jacking with interest rates, investors and the bond and stock markets the whole time, and the Wall Street bigs were harvesting the investors and traders who didn't have inside skinny on the Fed.
s But the secular bear market began in the first month of 2000, and it's still going.
The financial-dictionary name for that policy is "repression". It has been the policy of the United States Government, with few interludes, since 1946. Regulation Q held public passbook savings rates to 5.25% all through the 40's, 50's, and 60's. It was still in effect in 1976. Inflationary bursts in 1946, right after Korea, and during the Vietnam War (1968-9) and again beginning in 1974 and lasting until about 1983, depreciated the value of savings, effectively transferring large chunks of people's balances to the Congress and President Lyndon B. Johnson.
Google "repression" and you'll find the term defined properly.
They were black Friday pushy zombies. You know, Obama voters.
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