[arete]

FYI

Comments and opinions welcome.

Richard W.

[dalereed]

I've been saying this for quite awhile.

When it crashes it's going to make the depression look like childs play.

My biggest fear is that when real estate crashes that the forclosures will be taken over by HUD and not resold but will become government housing just about ending the private ownership of property making us slaves to the state.

As firmly convinced that the last depression was planned and perpetrated to steal the industrial wealth of this nation the next one has been planned all along to steal the real property but place it in government hands where everyone will be renters from the government and therefore good little obediant slaves to their socialist state.

[rohry]

"It’s not productivity that creates wealth. It’s investment spending alone and not consumer spending that propels economic growth. The wealth effects of free enterprise have always accrued through the building of factories, not through the stock market or reckless consumer borrowing and spending."

Great post! I've printed this out for my family to read. There are more good quotes here than I've seen in any 10 financial articles posted here.