Outsourcing America 3013
A person could write a book about the options... we had a world clbutt post to the NG on the corruption of owning property a week or two ago... thats heavy...
I don't know. I just get the sinking feeling that it will occur when I am 65+ and the market place declares me unemployable. I've already seen a bankruptcy court blow off one pension. What I have left is a personal employment SEP and Soc Sec. I'll consider myself lucky if I have one of those available to me when the marketplace deems me to be old and unemployable. But - who knows?
I think it unlikely that baby boomers such as myself will dodge the bullet. But if they do (and they might!), it will be all the worse for the gen. that follows.
A housing bubble is one of many variables, big and small. There are too many variables to make any clear sense of it. The "bust" will come from a bubble no one sees.
Past writing from Bernake indicates that he thinks printing money is a peachy keen way for gov. to stay afloat. But then it's funny how the Fed. Chairman Alan Greenspan seems to be a dead ringer the 1950-1960 economist of the same name who thought that inflation was gov. fraud and moving off the gold standard was a terrible mistake.
Razor Face read that line from Phil Scott which says the US is printing funny money to finance your import. Wealth does NOT...
Who knows what happens to their brains once they get appointed to that office ?
His JOB will be to inflate the dollar as hard and fast as possible short of inspiring the citizenry to rise up with pitchforks. They won't say it, but the Fed (Bernake?) considers inflation a useful tool of gov. financing. "Inflation fighting" is an Orwellian euphemism for what the federal reserve board really does.
Don't even get me started ;-)
Ordinary savings (bank savings accounts, greenbacks under the mattress) are easy pickins for an increasingly powerful government. You are probably better off with a using a house as a store of wealth.
There will *always* be rich people. I'm betting on precious metals. In my case this is in the form of paper that can be blown away or torn up at gov. decree. I wish I could acquire actual gold without the jewelry premium.
Nah! Property just rises with inflation. If you are ever wondering what the "real" inflation rate is, just look at housing prices.
Unlike the dollars in your pocket that have been evaporating, your house has been holding it's purchasing power. Thus far!
;-) ;-) ;-)