01 Feb 09
Originally posted by Grampy BobbyI can't tell you how many times Mr. Ale has said over the past 30 years, "What this country needs is a depression!" Inflation has been largely caused by credit cards, bad loans, living high on the hog instead of within your means, high salaries to people who could live on far less and still be well-off. Many things have contributed to it over a long, long time.
Overinflated balloon...
Overinflated balloon = the disease. Recession may well = the soundest possible cure. Voila... homes once again becoming affordable, etc.
01 Feb 09
1 edit
Originally posted by Grampy Bobbyones man's affordable is another man's massive loss in net worth.
Overinflated balloon...
Overinflated balloon = the disease. Recession may well = the soundest possible cure. Voila... homes once again becoming affordable, etc.
Is this your attempt at humour or just a massive oversight?
01 Feb 09
1 edit
Originally posted by uzlessRunaway inflation, which spares no one, seems the unkindest tax of all. Excessive monetary stimulus solutions pose that risk. Every batch
ones man's affordable is another man's massive loss in net worth.
Is this your attempt at humour or just a massive oversight?
of new currency printed lessens the value of paper account assets and the purchasing power of your wallet's contents... $10 for a jug of milk.
02 Feb 09
Originally posted by Grampy Bobbyuh, what you should be pushing for then is what ron Paul et al are pushing for. Scrap the federal reserve and the fractional banking system that is based on debt.
Runaway inflation, which spares no one, seems the unkindest tax of all. Excessive monetary stimulus solutions pose that risk. Every batch
of new currency printed lessens the value of paper account assets and the purchasing power of your wallet's contents... $10 for a jug of milk.
When the Fed prints money, it charges an interest rate to the government before it gives the gov/t the money...creating instant debt and inflationary pressure.
To be happy house prices come down, ignores the peril that millions of current homeowvers face through NO FAULT OF THEIR OWN.
The monetary system is the problem, not homeowners.
02 Feb 09
1 edit
Originally posted by huckleberryhoundRich people aren't losing their house....it's the poor and middle class that are seeing the foreclosures.
A rich man's net worth, verses me being able to afford a home for my family......hmmmm, it's a toughy.
But I do not doubt you have difficulty looking beyond the benefits of your own cave walls when misfortune befalls others.