Kucinich has gone insane

[patientrenter]

[quote=briansd1] ….But in places like Houston, TX, and Indianapolis, IN, you can buy a decent brand new house for $150,000. Where in the world but in America can you buy a middle-class single-family house with central A/C and garage for that cheap?

Seasons’ greetings to you too. :)[/quote]

Thanks, brian. I hope you enjoyed Christmas Day.

Yes, I think that in the areas that were relatively unaffected by the housing mania, US house prices are some of the lowest in the world, for what you get. In fact, the cost of living in general is lower here than in most other (developed) countries, outside of the expensive coastal strips.

Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.

[briansd1]

[quote=patientrenter]
Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.[/quote]

Yes, very true. I would not mind living in a French mountain village, for the ski slopes, food, wine and cheese.

In USA, Bloomington, IN, the home of Indiana University, is a nice place. Cook Medical is there if one wants a high tech job.

[briansd1]

[quote=patientrenter]
Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.[/quote]

Yes, very true. I would not mind living in a French mountain village, for the ski slopes, food, wine and cheese.

In USA, Bloomington, IN, the home of Indiana University, is a nice place. Cook Medical is there if one wants a high tech job.

[briansd1]

[quote=patientrenter]
Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.[/quote]

Yes, very true. I would not mind living in a French mountain village, for the ski slopes, food, wine and cheese.

In USA, Bloomington, IN, the home of Indiana University, is a nice place. Cook Medical is there if one wants a high tech job.

[briansd1]

[quote=patientrenter]
Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.[/quote]

Yes, very true. I would not mind living in a French mountain village, for the ski slopes, food, wine and cheese.

In USA, Bloomington, IN, the home of Indiana University, is a nice place. Cook Medical is there if one wants a high tech job.

[briansd1]

[quote=patientrenter]
Mind you, it’s probably possible to live reasonably well in small villages all over Europe, as long as you accept certain trades that go with the culture, such as little driving but excellent public transport, and a tiny house but excellent food, etc.[/quote]

Yes, very true. I would not mind living in a French mountain village, for the ski slopes, food, wine and cheese.

In USA, Bloomington, IN, the home of Indiana University, is a nice place. Cook Medical is there if one wants a high tech job.

[jonnycsd]

Fractional reserve banking is the ubiquitous practice where banks take in demand deposits and lend out a portion (or fraction) of those deposits to borrowers. The banks are counting on the fact that not everyone will want to withdraw their deposited funds at the same time. Of course this exposes the banks to some degree of risk in the form of a “run on the bank” if too many people want their money at once. Jimmy Stewart explains this scenario elequently in “Its a Wonderful Life”

Eliminating fractional reserve banking would require banks to have a one dollar of cash on hand (not necessarily paper cash) for each dollar deposited in a demand account (i.e. your typical checking or savings account). Loans would only be made based on longer term deposits into the bank (such as CDs).

[jonnycsd]

Fractional reserve banking is the ubiquitous practice where banks take in demand deposits and lend out a portion (or fraction) of those deposits to borrowers. The banks are counting on the fact that not everyone will want to withdraw their deposited funds at the same time. Of course this exposes the banks to some degree of risk in the form of a “run on the bank” if too many people want their money at once. Jimmy Stewart explains this scenario elequently in “Its a Wonderful Life”

Eliminating fractional reserve banking would require banks to have a one dollar of cash on hand (not necessarily paper cash) for each dollar deposited in a demand account (i.e. your typical checking or savings account). Loans would only be made based on longer term deposits into the bank (such as CDs).

[jonnycsd]

Fractional reserve banking is the ubiquitous practice where banks take in demand deposits and lend out a portion (or fraction) of those deposits to borrowers. The banks are counting on the fact that not everyone will want to withdraw their deposited funds at the same time. Of course this exposes the banks to some degree of risk in the form of a “run on the bank” if too many people want their money at once. Jimmy Stewart explains this scenario elequently in “Its a Wonderful Life”

Eliminating fractional reserve banking would require banks to have a one dollar of cash on hand (not necessarily paper cash) for each dollar deposited in a demand account (i.e. your typical checking or savings account). Loans would only be made based on longer term deposits into the bank (such as CDs).

[jonnycsd]

Fractional reserve banking is the ubiquitous practice where banks take in demand deposits and lend out a portion (or fraction) of those deposits to borrowers. The banks are counting on the fact that not everyone will want to withdraw their deposited funds at the same time. Of course this exposes the banks to some degree of risk in the form of a “run on the bank” if too many people want their money at once. Jimmy Stewart explains this scenario elequently in “Its a Wonderful Life”

Eliminating fractional reserve banking would require banks to have a one dollar of cash on hand (not necessarily paper cash) for each dollar deposited in a demand account (i.e. your typical checking or savings account). Loans would only be made based on longer term deposits into the bank (such as CDs).

[jonnycsd]

Fractional reserve banking is the ubiquitous practice where banks take in demand deposits and lend out a portion (or fraction) of those deposits to borrowers. The banks are counting on the fact that not everyone will want to withdraw their deposited funds at the same time. Of course this exposes the banks to some degree of risk in the form of a “run on the bank” if too many people want their money at once. Jimmy Stewart explains this scenario elequently in “Its a Wonderful Life”

Eliminating fractional reserve banking would require banks to have a one dollar of cash on hand (not necessarily paper cash) for each dollar deposited in a demand account (i.e. your typical checking or savings account). Loans would only be made based on longer term deposits into the bank (such as CDs).

[jonnycsd]

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[jonnycsd]

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[jonnycsd]

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[jonnycsd]

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