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Pensions, Property Tax, Inevitable Inflation
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2016 Mar 29, 12:38pm 3,763 views 11 comments
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Ceffer
2016 Mar 29, 12:57pm
If I wanted a dose of sunny, economic feel-good, I'd read the gold bugs tidings of gloom and doom.
deepcgi
2016 Mar 29, 1:43pm
Just so you know, I can't see how gold will help the majority of people. I just want to be on record before it goes down. Everyone has decent hindsight. The factor you will all use to claim "no one saw this coming" is the punctuated equilibrium events that trigger rapid change. Those are unknowable, but inevitable.
Still why would the central banks being buying physical and selling paper so that the price per ounce remains the same? I think real estate may still be a decent investment - only in the Great Plains - as far from big cities as possible.
casandra
2016 Mar 29, 5:50pm
Most of the persons serving in WW II are just about all dead. The bankers that run the world will have paid off their debt to our country by granting that generation who defending them against fascism a great life. Those that follow have my deepest sympathies. Can't you already see it playing out. It was always obvious to most in our generation who grew up in the depression/ww ii and the great boom that followed.
Strategist
2016 Mar 29, 6:48pm
Unfunded liabilities pushing upwards of 80 Trillion dollars - probably more (I honestly don't want to know). One big troublemaker is that big entities never sock-away money to cover their promises. Real estate is all the Baby Boom has got. Unfortunately, this makes you landlords the single best target for the taxman. I have zero sympathy for you.
Keep dreaming.
deepcgi
2016 Mar 29, 8:31pm
The Fed will do its best save your ass one more time. Zero Percent Interest, QE4...who knows? But China will not stand for it. The Euro Zone will dissolve. It's unfunded liabilities to the Baby Boom make America's look like pocket change. The young generation being asked to cover it all will blame wealthy land owners...and they would be right. Not just in the US...all over Europe. Those same land owners will be screaming left wing, feel good principles that those governments should have had MORE regulation and control over those banks. That it isn't THEIR fault. That they have been screaming for more regulation all along. The youth will not agree. They will see landlords who own five houses and two jingle-mail defaults and blame them. I'm not one of the youth, but I agree.
Most of the biggest losers in the history of international securities trading were neck deep in real estate. Even if you ignore the principle, the taxpayers are on the hook for the interest, because the Fed bought up that bad paper. YOU are dreaming if you believe it was your own 'brilliance' that provided you with erupting real estate prices. You can try kissing my ring and begging for forgiveness, but on behalf of people who decided to live within their means rather than passing their risks off onto the masses, I wouldn't bet on absolution. This generation will not be politely and calmly waiting in soup lines.
Strategist
2016 Mar 29, 8:34pm
The Fed will do its best save your ass one more time. Zero Percent Interest, QE4...who knows? But China will not stand for it. The Euro Zone will dissolve. It's unfunded liabilities to the Baby Boom make America's look like pocket change. The young generation being asked to cover it all will blame wealthy land owners...and they would be right. Not just in the US...all over Europe. Those same land owners will be screaming left wing, feel good principles that those governments should have had MORE regulation and control over those banks. That it isn't THEIR fault. That they have been screaming for more regulation all along. The youth will not agree. They will see landlords who own five houses and two jingle-mail defaults and blame them. I'm not one of the youth, but I agree.
Most of the biggest losers in the history of international securities trading were neck deep in real estate. Even if you ignore the principle, the taxpayers are on the hook for the interest, because the Fed bought up that bad paper. YOU are dreaming if you believe it was your own 'brilliance' that provided you with erupting real estate prices. You can try kissing my ring and begging for forgiveness, but on behalf of people who decided to live within their means rather than passing their risks off onto the masses, I wouldn't bet on absolution. This generation will not be politely and calmly waiting in soup lines.
What are you smoking?
FNWGMOBDVZXDNW
2016 Mar 30, 4:54am
. This generation will not be politely and calmly waiting in soup lines.
A few people are calling for a bloody revolution in another thread. You should join forces.
FNWGMOBDVZXDNW
2016 Mar 30, 9:36am
You'll see me behind your wife. She will be bent over, so it might be hard to recognize her. By the way, she says that she hates going down on you, because you smell like roadkill and cabbage.
You are not in fighting condition. You may be willing to fight, but that doesn't make you ready to fight.
casandra
2016 Mar 30, 9:43am
Soup Lines: i lived through the depression as a very young child, but my family was rich so i did not experience what the masses felt.
If we put the people today that are on Section-8 and Food Stamps in lines to get what gets doled out to them it would make the great depression lines look quite short. The only difference is today the MSM does not like to show lines, so they have hid them and fooled the tax payers into footing the bill fort he poor who live quite well on the entitlements that are delivered to their doors. During the great depression 1 in 4 men of working age were out of work, today that number is higher, they are just on disability, welfare, in jail, or unemployed.
Unfunded liabilities pushing upwards of 80 Trillion dollars - probably more (I honestly don't want to know). One big troublemaker is that big entities never sock-away money to cover their promises. Real estate is all the Baby Boom has got. Unfortunately, this makes you landlords the single best target for the taxman. I have zero sympathy for you. The Fed covered your bad bets by buying up failed securities to the tune of a trillion dollars. Must have felt pretty good to dodge that bullet. The Central banks leveraged that near miss with derivative instruments at twenty-to-one. Where there should have been a smoldering crater in the shape of suburban neighborhoods was instead 20 Trillion dollars in new liquidity. David Copperfield was impressed.
Don't you dare call what is coming "deflation". That gigantic object blocking the sun was never real. The lack of affordability available to the REAL working class is massive wage inflation pressure. Oh everyone wants to deflate their currencies now, now, now! If China takes the first shot, the EU ceases to exist...rapidly. It is simply amazing to me the power China wields at this moment. In the end however, America will win the currency war - and by that I mean the dollar will turn to ash.
I can't even imagine what world war could possibly be manufactured to circumvent the trouble. Want to go grab the Middle East? Sure! I'm all for it. But only to undo the barbaric cultural disaster it represents. What do we want with all of that oil, now? To lower the price of gasoline to 20 cents a gallon?
"Let's try buying up more bad securities. That should work. It worked before, right? Sure it did! Now back to the real estate listings, I've got the flipping itch again this month. Demand for homes is SO high right now, I really should add a fifth property to my stable."