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In 1920, you could buy a cow with a $20 gold piece. Today you can buy a cow with that same $20 gold piece. A $20 federal reserve note will get you about four pounds of good hamburg, not te cow. What happened? It's simple. Woodrow Wils0n gave the seven wealthiest families in the world control over our currency. The federal Reserve is two lies in one term. It is not federal and there is no reserve.
In the past two years, our national debt has gone up by two trillion dollars. That used to be a significant thing. When the fed can print funny money whenever they want and get away with it, they will do that and laugh all the way to the bank.
Decades ago, I took economics from a professor who was dying of cancer. He worked as long as he could. He told us where money comes from, where money is and where money goes. Yes, kind citizens, money can be destroyed. It is called inflation and it is why you cant buy a cow wih a $20 federal reserve note. It takes 84 $20 FRNs. The other econ profs hated the guy. They did not want students to know these things.
There it is; your Friday afternoon wake-up from the Northern Maine Land Man. Have a nice weekend.
In 1920, you could buy a cow with a $20 gold piece. Today you can buy a cow with that same $20 gold piece. A $20 federal reserve note will get you about four pounds of good hamburg, not te cow. What happened? It's simple. Woodrow Wils0n gave the seven wealthiest families in the world control over our currency. The federal Reserve is two lies in one term. It is not federal and there is no reserve.
In the past two years, our national debt has gone up by two trillion dollars. That used to be a significant thing. When the fed can print funny money whenever they want and get away with it, they will do that and laugh all the way to the bank.
Decades ago, I took economics from a professor who was dying of cancer. He worked as long as he could. He told us where money comes from, where money is and where money goes. Yes, kind citizens, money can be destroyed. It is called inflation and it is why you cant buy a cow wih a $20 federal reserve note. It takes 84 $20 FRNs. The other econ profs hated the guy. They did not want students to know these things.
There it is; your Friday afternoon wake-up from the Northern Maine Land Man. Have a nice weekend.
Wash your hands.
You should be ashamed of yourself. All of that is straight up crazy talk. Turn off the shortwave radio and podcasts and read something legit.
A game-changer, super-soft/spongy Americans are no longer willing to accept the concept of a
real financial-correction..........emergency-measures MUST be taken if one appears on the horizon.
The Fed, the biggest joke of them all who think they can control the economy. They change like the wind on a weekly basis. Their entire mentality now is to keep every price up because that is what seems good for the economy. People feel great when the can buy a home at 3.25% interest rate even though they over paid on price. Great, go put 3% down. Get an overpriced car at 2.5% for $45k. Please take on more debt cause that isn't the problem that happened before. The Fed is stuck in a corner since they kept rates too low for way too long. Now they are just reactionary and trying to make people feel like everything is fine.
Yup and now they would have you believe the housing market is doing wlel because prices are so high which is a load of BS. And I say this as a home owner. I own a home as a place to live and have peace of mind being rnet and mortgage free, not as a flippin ATM machine!!
All high home prices do is just make it more painful for future generations who are responsible to save money to pay cash for a house or at the very worst have a smaller mortgage with higher rates on a reasonably priced $100K to $150K small home in a major metro rather than the insane $220K to $250K or $600K plus in the super expensive areas (LA, DC Bay, etc) plus home price of such a home with larger mortgages and higher debt levels all because of absurdly low interest rates. Just very bad for today buyers and future generations!!
Not in favor of socializing home prices or anything for that matter, but in favor of making it law to have 20% down payment minimum and mortgage rates of 6-8% or higher to keep home prices reasonable. Everyone wins that way including those who want to save to pay cash and those who hope to pay it off sooner with high interest rates but a smaller loan balance. And even those who cannot pay it off early have the same payment regardless as higher interest rates offsets lower reasonably priced homes in monthly payment. The only ones who do not are the greedy ones hoarding real estate hoping to sell it for a big profit later on or the ones borrowing against home equity when they should not be as a home is a place to live not an ATM machine. And maybe home builders as well who profit more form insanely high home prices.
I own my home 100% free and clear and I would never dare borrow against it as I want to keep it mine outright which is what the purpose of a home should be anyways.
It really is crazy how people are cheering for soaring house prices, and not seeing for what it truly is...
INFLATION!!!
With the younger generations ultimately bearing the burden...
The S&P500 was ~700 in 2009, now it’s 4X higher. GDP now is only 1.5X higher than in ‘09. I’d say we had one heck of an inflation rate in equities prices.
Because these US corporations have continued to move more business offshore in terms of production, employment, and profits. The equity prices reflect global profits of american corporations which are much less based in the US today than in 2009.
Because these US corporations have continued to move more business offshore in terms of production, employment, and profits. The equity prices reflect global profits of american corporations which are much less based in the US today than in 2009.
And stock repurchases had nothing to do with rising EPS?
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