<<money printing should be based on value of real estate>>
What do you think your M3 growth is based on? Industry, manufacturing, commerce, thrift, family values, surplus, investment, export, balance, ... ? Try guessing again, taking the opposite of each of above listed concept, summed up as sell down of nation-state, leading to mark down of embedded value, preceeding planet-wide repricing, to pass shock and awe, so as to keep appointment with TeoTwawKi dawn.
... as to real estate backed paper, the French tried that as badly, based on confiscated catholic church property
knowledgerush.com , and it didn't work out too well, as the parliament, representing the people, printed until they could print no more, destroyed industry, agriculture, commerce, thrift, family values, and all that mattered, replacing genuine wealth with real estate valuation and paper and ink, then, as the nation bled and currency died, tyrranny, blood letting, confiscation, redistribution, evaporation, preceded by making gold ownership illegal. You really should read some books, so as to see how wrong you are, and how hopeless your money is.
<<... not gold anymore>>
... gold has and will outlast all paper; full stop.
Because all officialdoms lie, steal, rob, and end because of it, again and once more worldmarket.blogspot.com
As to this bit of hope <<Looks like the housing market is poised to rebound>> Message 22977543
... I hope you are right, because I have not collected enough gold yet. |
