01-04-2010, 06:36 AM
We actually agree. a bill will be passed IMHO but as you correctly pointed out, it will not provide transparency.
Even Ron Paul knows the constitution is a CONTRACT, that is why even his participation in the system is logically incorrect and i think he knows it
As far as this is concerned for Puna residents, we will continue to see real estate fall in REAL TERMS and the economy to stagnate. In REALITY and not a BUBBLE. Real estate prices are a function of the renal market. Who is going to afford to pay rent when there are no jobs locally? Section 8 thats who. now how many mainland property owners here in puna who built a boom era house and its now sitting there being rented because they want to retire to it in 10 years or something, are going to allow it to become a section 8 house? how many renters on here are going to try to move to a more expensive bigger house this year? if anything i bet that you could negotiate your rent down.
The federal reserve and the government colluded to create this massive bubble and they are doing everything they can to prevent it from collapsing back to the levels of reality. they (government and fed officials) talk about how they have helped 'shore up the housing market' . but in reality they should be wanting prices to fall. We couldn't afford housing before the bubble burst, so how are we going to afford it again? are we magically more productive? have we invested in anything worth wile other than consumer goods? nope. For example locally in this state, and on this island it is a JOKE that power is produced and distributed the way it is, why? everyone argues against monopoly powers and says how they are terrible yet our "collective" (LOL) solution is to create a government sanctioned and mandated monopoly? you see this is why all of my predictions are negative, nothing has changed and we are now in a state of thievery, technical stagnation and decay.
Is money invested in a new burger king and longs really productive for the local economy? (look don't get me wrong i will go there for sure my point is on the PRODUCTIVE use of capital not the CONSUMPTION of it)
Lots of money spent on this island was speculation, excess bubble mania, the market is no where close to being cleared.
Even Ron Paul knows the constitution is a CONTRACT, that is why even his participation in the system is logically incorrect and i think he knows it
As far as this is concerned for Puna residents, we will continue to see real estate fall in REAL TERMS and the economy to stagnate. In REALITY and not a BUBBLE. Real estate prices are a function of the renal market. Who is going to afford to pay rent when there are no jobs locally? Section 8 thats who. now how many mainland property owners here in puna who built a boom era house and its now sitting there being rented because they want to retire to it in 10 years or something, are going to allow it to become a section 8 house? how many renters on here are going to try to move to a more expensive bigger house this year? if anything i bet that you could negotiate your rent down.
The federal reserve and the government colluded to create this massive bubble and they are doing everything they can to prevent it from collapsing back to the levels of reality. they (government and fed officials) talk about how they have helped 'shore up the housing market' . but in reality they should be wanting prices to fall. We couldn't afford housing before the bubble burst, so how are we going to afford it again? are we magically more productive? have we invested in anything worth wile other than consumer goods? nope. For example locally in this state, and on this island it is a JOKE that power is produced and distributed the way it is, why? everyone argues against monopoly powers and says how they are terrible yet our "collective" (LOL) solution is to create a government sanctioned and mandated monopoly? you see this is why all of my predictions are negative, nothing has changed and we are now in a state of thievery, technical stagnation and decay.
Is money invested in a new burger king and longs really productive for the local economy? (look don't get me wrong i will go there for sure my point is on the PRODUCTIVE use of capital not the CONSUMPTION of it)
Lots of money spent on this island was speculation, excess bubble mania, the market is no where close to being cleared.
quote:
Originally posted by Dave M
quote:
Originally posted by 808blogger
The Audit the fed bill will be passed
Ex freakin cuse me.. Didn't I say there would be "NO" Transparency at the Fed?? I used larger font. How dare your prediction contradict mine. You know I'm funnin wit ya.. right? [:o)] I so want me to be wrong, and you to be right that I'm going to risk having Rob throw me off PUNAWEB.
Here is info on HR 1207 which has made it through the finance vote. But it's far from passed. The reason I'm going to put this link up is that people all over need to contact their Representatives. Hawaii is right up there at the top as a co sponsor but that can change as we get closer to the vote.
http://www.ronpaul.com/on-the-issues/aud...e-hr-1207/
It doesn't matter what side of the political spectrum you come from this is one of the most important issues facing our country and the Hawaii economy right now. Go check out the website and study up on the Fed.. you will be amazed at what you thought you knew..
If I'm wrong (which hardly ever happensthen this Country will be a much better and informed place.. So get out there and prove me wrong Punatics.
Meanwhile, I stand by my prediction "No Transparency" at the FED!!!
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young