2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: TobagoJack who wrote (6322)	5/13/2006 10:09:24 PM
From: THE ANT	Read Replies (2) of 217820

Jay thanks for your posts and blogs,they are great.I dont see gold going as high as you do in the short run.I wonder if half the dollar reset is not over, with another half to come,so maybe gold $1400 in the next 5 years.The middle class house across the street from me in Maryland goes for about $450K.A similar house in Brasil was about 50K three years ago and about 100K now.The engineer in the US house needs a salary that allows him to afford the mortgage and so he can not compete with the Brasilian engineer(or Russian,Indian,etc..).I figure with a 100% reset the Brasilians house is about $200K.With falling interest rates in Brasil maybe $250K.Now lets assume a 15% fall in US house prices so the US house is about $380K.The US engineer can probably compete.The fed at that point would have less interest in going on with its stealth(not on this board) inflation campaign. Also,I dont see housing going that low as the Fed can sit on short term rates and keep ARMs low.Of course the dollar will crash(100%reset)but they want that.Friedman had a recent editorial in the WSJ preparing us for this eventuality.When inflation goes up this will help wipe out mortgage debt as well as wipe out half the debt we owe to foreigners.The US will go back to investment in industrial production.Now throw in productivity growth as the developing world continues to come on line and technology improves,and we have a USA running in place for the next 10 years while the developing countries kick our butt.Still more optomistic than you are:)That being said I have almost no assets in the $ except in the airlines and most in Brasil(elmat so Brasileiro de coracao) ,so I hope to sit back and enjoy the ride with this board .Thanks again

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