01-04-2010, 09:36 AM
"We actually agree. a bill will be passed IMHO but as you correctly pointed out, it will not provide transparency."
Yeah real transparency at the Fed would mean jail time for some people!
"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."
Agreed.. but it'sprobably the only way to make a difference, from the inside.
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 rental 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.
Sounds a lot like the mid to late eighties to me.. It has to correct itself.
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? Exactly, but to make the scheme work they relaxed the lending practices which as we saw made all those puffed up house prices affordable to the unqualified buyer. This was the house of cards.. 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.
People tend to think that they want the Gov. in their lives and that if the Gov takes over it will be safe and fare..
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)
Well since about the mid ninties investors have grown their expectations, I guess based on the IPOs and what not, but people have much higher expectaions these days bordering entitlemat. And youknow corporate America is right out front!
Lots of money spent on this island was speculation, excess bubble mania, the market is no where close to being cleared.
There are way to many variables that still need to be addressed such as Jobs, inflation, stagnation etc.. Thanks 808 and you to Rob for your patience here I'll go back to Lurking now Happy New Year to all
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
Yeah real transparency at the Fed would mean jail time for some people!
"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."
Agreed.. but it'sprobably the only way to make a difference, from the inside.
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 rental 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.
Sounds a lot like the mid to late eighties to me.. It has to correct itself.
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? Exactly, but to make the scheme work they relaxed the lending practices which as we saw made all those puffed up house prices affordable to the unqualified buyer. This was the house of cards.. 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.
People tend to think that they want the Gov. in their lives and that if the Gov takes over it will be safe and fare..
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)
Well since about the mid ninties investors have grown their expectations, I guess based on the IPOs and what not, but people have much higher expectaions these days bordering entitlemat. And youknow corporate America is right out front!
Lots of money spent on this island was speculation, excess bubble mania, the market is no where close to being cleared.
There are way to many variables that still need to be addressed such as Jobs, inflation, stagnation etc.. Thanks 808 and you to Rob for your patience here I'll go back to Lurking now Happy New Year to all
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young