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Old 10-09-2018, 02:48 AM
 
64,675 posts, read 66,158,228 times
Reputation: 43102

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exactly ... there can be a hundred homes for sale but if the wifey factor finds what is left undesirable those homes ain't selling . it is no different than most labor markets today .

most of those still looking for work or to be more gainfully employed are likely that way for a reason . most quality has already been snatched up . a lot of what is left is just unemployable or poor choices .

that does not mean there are not good jobs , it means they just don't make the cut to get them .

https://mortgageorb.com/soaring-pric...me-sales-in-q2


https://www.housingwire.com/articles...sales-in-march


http://www.worldpropertyjournal.com/...news-10755.php
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Old 10-09-2018, 06:04 AM
 
96 posts, read 38,723 times
Reputation: 229
Quote:
Originally Posted by C2BP View Post
Lol, your economic understanding is poor at best.


More debt does not solve the problem of a society carrying too much debt. We did not do anything since 2001 EXCEPT lie and delay and protect a growing insolvency, to encourage MORE debt instead of less debt. We did almost everything wrong. Stimulus packages and lower interest rates will not achieve a renewed American economic might – just more debt for the taxpayer and more debt for the consumer.

The Global Economy died in 2001; died? No. Bad word. The Global Economy stopped expanding in 2001; culminated; reached its apex. Began to deflate.
Fantastic post...you are right on the money...so to speak. Here's a video from Peter Schiff who basically says the same things you are. He rounds it out perfectly.




Quote:
Originally Posted by Northern Maine Land Man View Post
Nobody died when Icelanders found out that their banking system was all smoke and mirrors, but Iceland's people are a stoic bunch.
Any guesses about our population?
The Icelanders jailed the corrupt bankers. Unfortunately, the majority of the US population has NO CLUE of what's going on.
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Old 10-09-2018, 06:09 AM
 
64,675 posts, read 66,158,228 times
Reputation: 43102
peter schiff -another soothsayer who has not gotten things right in a decade and fits right in with all of you here forecasting doom and blaming the banks and fed for everything . .

" Peter Schiff is always…predicting…the end of days for the American financial system. He has been doing this since he emerged onto the public stage, and in 2007, he just happened to get it right.
Schiff (or “Doctor Doom” as he is often called) has never strayed far from proclamations of catastrophe. In late 2008, it was China was going to destroy American currency through debt reclamation. In 2011 and 2012 it was hyperinflation and the dissolution of the value of the US Dollar. More recently (for almost ten years now) Schiff has predicted an intense bear market during which time gold prices would rise to $5,000 per ounce. This last figure has gone on the record over and over, but gold prices remain, usually, less than $1500. "

https://www.modestmoney.com/peter-schiff-full/38659/
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Old 10-09-2018, 06:19 AM
 
273 posts, read 196,921 times
Reputation: 413
Quote:
Originally Posted by C2BP View Post
Oh boy......

It's very important that most housing market speculators feel the pain and massive losses so that our housing market can be a normal market again and these shady characters don't think ever again to speculate with American homes and become American Vampires -sucking blood from hardworking americans.
...
But now the ERA of FREE MONEY is ending. There is a lesson in this. Borrowed money is not free money. When the FED lowers rates and dangles "free money" in front of you, hoping you will take on more debt, you should think twice.

Good Luck!!!


Before you blame all of this on the bankers...



There are thousands of people who are in foreclosure because they took out loans on their homes after the financial crisis of 2008.



They willingly signed for these loans!


There is much more to the next financial crisis than just bankers... something is happening to people's spending habits.
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Old 10-09-2018, 06:28 AM
 
96 posts, read 38,723 times
Reputation: 229
Quote:
Originally Posted by mathjak107 View Post
peter schiff -another soothsayer who has not gotten things right in a decade and fits right in with all of you here forecasting doom and blaming the banks and fed for everything . .

" Peter Schiff is always…predicting…the end of days for the American financial system. He has been doing this since he emerged onto the public stage, and in 2007, he just happened to get it right.
Schiff (or “Doctor Doom” as he is often called) has never strayed far from proclamations of catastrophe. In late 2008, it was China was going to destroy American currency through debt reclamation. In 2011 and 2012 it was hyperinflation and the dissolution of the value of the US Dollar. More recently (for almost ten years now) Schiff has predicted an intense bear market during which time gold prices would rise to $5,000 per ounce. This last figure has gone on the record over and over, but gold prices remain, usually, less than $1500. "

https://www.modestmoney.com/peter-schiff-full/38659/
Well, he did ACCURATELY predict the 2008 crisis. (The video is brilliant you should listen to it) It's really quite simple. Those who know will prepare and those who don't will be taken by surprise and lose out and nearly lose everything. There's nothing to lose by preparing that's for sure. What must be understood is what Peter Schiff and many others including the OP are saying is that this is a FAKE economy. The numbers you projected in your post are NOT based on reality. It's all FAKE economy. I understand that people don't want to accept the "bad news" of the reality but it is what it is. Even if you don't like or agree with Schiff that's fine; however, you must take into account the dropping of the US dollar around the world and the debt level of the country. They cannot "kick the can down the road" any longer. It's all coming to a head.

Anyway, I hope you are preparing. I don't have the time to go back-and-forth with you but I wish you the best....Good Luck!
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Old 10-09-2018, 06:35 AM
 
Location: Boston
5,097 posts, read 1,458,847 times
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a broken clock is right twice a day. I would pay no attention to Schiff.
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Old 10-09-2018, 06:40 AM
 
64,675 posts, read 66,158,228 times
Reputation: 43102
his record is dismal .

it is like a weatherman going on tv and every day just saying today it is going to rain . eventually it will rain . but the predictive value of the forecaster is useless and i certainly would not quote his weather reports nor plan around them.

Last edited by mathjak107; 10-09-2018 at 06:49 AM..
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Old 10-09-2018, 07:13 AM
 
7,291 posts, read 8,123,957 times
Reputation: 5381
Quote:
Originally Posted by Propop View Post
Well, he did ACCURATELY predict the 2008 crisis. (The video is brilliant you should listen to it) It's really quite simple. Those who know will prepare and those who don't will be taken by surprise and lose out and nearly lose everything. There's nothing to lose by preparing that's for sure. What must be understood is what Peter Schiff and many others including the OP are saying is that this is a FAKE economy. The numbers you projected in your post are NOT based on reality. It's all FAKE economy. I understand that people don't want to accept the "bad news" of the reality but it is what it is. Even if you don't like or agree with Schiff that's fine; however, you must take into account the dropping of the US dollar around the world and the debt level of the country. They cannot "kick the can down the road" any longer. It's all coming to a head.

Anyway, I hope you are preparing. I don't have the time to go back-and-forth with you but I wish you the best....Good Luck!
1). How's the economy fake? How are the numbers faked?
2). There's lots to lose listening to Schiff. He's faced numerous lawsuits from investors for being so wrong for so long.

If he was so right about the great recession housing bust how come many of his clients lost 50%+ in '08 and '09?
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Old 10-09-2018, 07:24 AM
 
64,675 posts, read 66,158,228 times
Reputation: 43102
many of his clients did get hit very hard .

https://www.businessinsider.com/2009...-this-year-too
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Old 10-09-2018, 07:26 AM
 
96 posts, read 38,723 times
Reputation: 229
Quote:
Originally Posted by skeddy View Post
a broken clock is right twice a day. I would pay no attention to Schiff.
Quote:
Originally Posted by mathjak107 View Post
his record is dismal .

it is like a weatherman going on tv and every day just saying today it is going to rain . eventually it will rain . but the predictive value of the forecaster is useless and i certainly would not quote his weather reports nor plan around them.
It's not just Schiff making the quotes. As I wrote earlier "Schiff did ACCURATELY predict the 2008 crisis." It's many others who have been "right on the money." Many,many financial experts, historians, economic strategists and others...see the "writing on the wall." Do as you please...but when the SHTF (you can see by all the 1000s of store closings never mind countries around the world are dropping the dollar and those worthless dollars will come back to US shores wrecking havoc. In addition, the dollar as the reserve currency is slipping away...bye...bye free money. The PetroYuan is giving competition to the PetroDollar. Countries are halting keeping US dollars as a reserve currency 1st of all because they don't have to now they have the courage to use other currencies and 2nd because the US has been using the dollar as a weapon, i.e. sanctions) In fact, they (the east and emerging markets) now have an alternative to the SWIFT system that the US dollar and the west use.

The US is being isolated...! And as the US dollar becomes less desirable how are stores for example, going to pay for goods? They won't use the US dollar because it's nothing but an IOU. The free ride is just about over. The...economy...is...fake! The...numbers...are...fake! You think they are going to come right out on the main stream news and tell the people "we are in dire straits people and you'd better start prepping." You think they want to panic over 300 million people? They are NOT telling you the truth about the economy. Even the wealthy are preparing. Anyway....don't say you weren't warned....Those who took the time to prepare will be glad they did...and those who didn't, well, you were warned...! Oh, by the way...don't just disagree. Do your homework...! Good Luck Folks..!
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