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To: MattinNJ
So, should I buy real estate now? Prices are low, rates are low, and I believe housing takes a ride on the inflation train

I'm thinking sell bonds, maintain gold, maintain stocks and YES move cash to RE.

But that's JMHO.

6 posted on 11/24/2012 5:46:06 PM PST by FreeReign
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To: FreeReign
So, should I buy real estate now? Prices are low, rates are low, and I believe housing takes a ride on the inflation train

I'm thinking sell bonds, maintain gold, maintain stocks and YES move cash to RE.

Real estate is not a bad investment, although it can certainly go down more, and can be stolen by the government. Being a prepper works really well, here, as if you just load up on long lasting goods you know you will need anyway, like toilet paper, you don't need to sell your gold coins or get into a shootout like Mad Max when the inflation really hits. You will have locked in a lot of your wealth into things you will use.

What we all need to watch for, and I see no help from anyone determining this, is the point at which the US cannot pay the interest on the debt through its tax income. This is the upper limit on when the crash will happen. It will probably happen sooner than that though, as interest payments start crowding out all other spending.

At that point or before, and before the crisis, I believe the government will make a bold move, it will get rid of the federal reserve system and default on all debts owed to the federal reserve. After that, the treasury will just print money.

This is when the hyperinflation will really begin, because congress will now just be printing to keep the crowds docile, but those people have no chance at all of managing the economy back to health wisely.

It will also mark a completely new economic theory as we abandon capitalism. Previous to this event, wealth was generated by the productive, and the government taxed that wealth and spent it as parasites on the productive class. The new economic theory will be that the federal government creates money and distributes it through entitlement spending, and it trickles back to the government through the economy. The productive class will be the new parasites on the entitlement class, as they get money from the entitlement class by exploiting them.

43 posted on 11/24/2012 6:32:26 PM PST by Vince Ferrer
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To: FreeReign

Put down a lot, and get a fixed rate. Then pay it off with inflated dollars.

But get rid of variable rate debt ASAP.


171 posted on 11/25/2012 6:24:28 PM PST by Vermont Lt (We are so screwed.)
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