How can I compete???

[Diego Mamani]

[quote=jficquette]Be patient. Prices are going a lot lower.[/quote]

In real (inflation-adjusted) terms, I agree. But dollar (nominal) prices? I’m not so sure. The Fed and the Treasury have pumped unheard of amounts of liquidity into the system to save the skins of all those responsible for the mess we are in. True, other jobs were saved too (unemployment would have been far worse without the many bailouts), but I think we’ll pay a very high price for it.

The price? High inflation! Those of us who were responsible with our finances, who didn’t drink the kool aid, who lived within our means, who sold our real estate in 2005-2006, and who have savings, will be screwed. Our savings will erode and depreciate as inflation takes off. Talking heads on TV, including Prof. Alan Blinder say that inflation is not a problem b/c the Fed will reverse the liquidity injection once the economy recovers.

I think Blinder is naive. If it were so easy to control inflation, why did it get so out of hand in the 70s? Young people often buy the fallacious argument that our elders were stupid and that we are smart. That the 1970s Fed was inept, but the Fed of 2010-2015 will be accurate and infallible. That is a pollyanish assessment! And that’s why gold is so expensive: the market expects dollars to have less purchasing power in the medium and long term. Too late to buy gold now… but maybe I should start considering re-entering the real estate market. Once inflation takes off, as it did in the 70s, you’ll wish you had your savings in either stock (provided the issuing corporation doesn’t go bankrupt), or real estate. Holding on to cash will be (or already is) suicidal.

[CA renter]

Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.

[CA renter]

Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.

[CA renter]

Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.

[CA renter]

Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.

[CA renter]

Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.

[sobmaz]

I was never guilty of Obama Euphoria, however I thought he was a refreshing change so I voted for him.

I will not vote for him again unless he radically changes his ways.

He has quickly shown his colors and they are that of just another politician, typical, nothing special (of course even that is far superior than Bush).

I am a Democrat but I will not defend a bad politician like so many Republicans did for Bush no matter what he did. Even low level Republicans seem to be defended by Republican voters no matter how wrong they were about something.

[sobmaz]

I was never guilty of Obama Euphoria, however I thought he was a refreshing change so I voted for him.

I will not vote for him again unless he radically changes his ways.

He has quickly shown his colors and they are that of just another politician, typical, nothing special (of course even that is far superior than Bush).

I am a Democrat but I will not defend a bad politician like so many Republicans did for Bush no matter what he did. Even low level Republicans seem to be defended by Republican voters no matter how wrong they were about something.

[sobmaz]

I was never guilty of Obama Euphoria, however I thought he was a refreshing change so I voted for him.

I will not vote for him again unless he radically changes his ways.

He has quickly shown his colors and they are that of just another politician, typical, nothing special (of course even that is far superior than Bush).

I am a Democrat but I will not defend a bad politician like so many Republicans did for Bush no matter what he did. Even low level Republicans seem to be defended by Republican voters no matter how wrong they were about something.

[sobmaz]

I was never guilty of Obama Euphoria, however I thought he was a refreshing change so I voted for him.

I will not vote for him again unless he radically changes his ways.

He has quickly shown his colors and they are that of just another politician, typical, nothing special (of course even that is far superior than Bush).

I am a Democrat but I will not defend a bad politician like so many Republicans did for Bush no matter what he did. Even low level Republicans seem to be defended by Republican voters no matter how wrong they were about something.

[sobmaz]

I was never guilty of Obama Euphoria, however I thought he was a refreshing change so I voted for him.

I will not vote for him again unless he radically changes his ways.

He has quickly shown his colors and they are that of just another politician, typical, nothing special (of course even that is far superior than Bush).

I am a Democrat but I will not defend a bad politician like so many Republicans did for Bush no matter what he did. Even low level Republicans seem to be defended by Republican voters no matter how wrong they were about something.

[sobmaz]

DIEGO MAMANI

You said it so so well.

The Fed is acting like they are in control because what is the alternative? If they were to say the truth all hell would break lose.

Again well said.

I would like to counter that it is not too late to buy Gold. Gold will rise far faster than the impending inflation. If you are timid of Gold any commodity for the most part will suffice. The only thing is you need a very very strong stomach. Traders control the commodity markets day to day so volatility is huge. Traders do not control long term. Silver and Palladium or both possibilities.

Real Estate will also be a great hiding place for your wealth, eventually. That said, I still wouldn’t touch S.D. real estate at these bubble prices.

I am in the top 5% of income and assets yet I can responsibly only own a shack (relative) in S.D.. By responsible I mean buying outright.

Of course I could sell my soul to the bank and get that dream home but I am not that kinda guy.

[sobmaz]

DIEGO MAMANI

You said it so so well.

The Fed is acting like they are in control because what is the alternative? If they were to say the truth all hell would break lose.

Again well said.

I would like to counter that it is not too late to buy Gold. Gold will rise far faster than the impending inflation. If you are timid of Gold any commodity for the most part will suffice. The only thing is you need a very very strong stomach. Traders control the commodity markets day to day so volatility is huge. Traders do not control long term. Silver and Palladium or both possibilities.

Real Estate will also be a great hiding place for your wealth, eventually. That said, I still wouldn’t touch S.D. real estate at these bubble prices.

I am in the top 5% of income and assets yet I can responsibly only own a shack (relative) in S.D.. By responsible I mean buying outright.

Of course I could sell my soul to the bank and get that dream home but I am not that kinda guy.

[sobmaz]

DIEGO MAMANI

You said it so so well.

The Fed is acting like they are in control because what is the alternative? If they were to say the truth all hell would break lose.

Again well said.

I would like to counter that it is not too late to buy Gold. Gold will rise far faster than the impending inflation. If you are timid of Gold any commodity for the most part will suffice. The only thing is you need a very very strong stomach. Traders control the commodity markets day to day so volatility is huge. Traders do not control long term. Silver and Palladium or both possibilities.

Real Estate will also be a great hiding place for your wealth, eventually. That said, I still wouldn’t touch S.D. real estate at these bubble prices.

I am in the top 5% of income and assets yet I can responsibly only own a shack (relative) in S.D.. By responsible I mean buying outright.

Of course I could sell my soul to the bank and get that dream home but I am not that kinda guy.

[sobmaz]

DIEGO MAMANI

You said it so so well.

The Fed is acting like they are in control because what is the alternative? If they were to say the truth all hell would break lose.

Again well said.

I would like to counter that it is not too late to buy Gold. Gold will rise far faster than the impending inflation. If you are timid of Gold any commodity for the most part will suffice. The only thing is you need a very very strong stomach. Traders control the commodity markets day to day so volatility is huge. Traders do not control long term. Silver and Palladium or both possibilities.

Real Estate will also be a great hiding place for your wealth, eventually. That said, I still wouldn’t touch S.D. real estate at these bubble prices.

I am in the top 5% of income and assets yet I can responsibly only own a shack (relative) in S.D.. By responsible I mean buying outright.

Of course I could sell my soul to the bank and get that dream home but I am not that kinda guy.

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