The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (86741)	8/24/2007 2:40:20 AM
From: silenceddissenter	Read Replies (1) of 306849

Tax Rates TO DA MOON! Sounds like you are expecting a depression. In distressed florida real estate I am - isn't that where you are buying? It took some years to reach the high, certainly you are not expecting us to reach the lows in much shorter time? The red tape of beuraucracy moves slowly. Either you are right which I give a slim chance or dead wrong and will be depressed how little your dollars sitting in the bank at 5% will buy you in ten years. Bwhahah! You haven't been reading all those articles I have been posting to you about hoover and mellon if you think I am going to have my "wealth" sitting in US clownbucks in the usa in a usa bank! BWAHAHA! I am not even living in the USA anymore much less banking there R U NUTZ?? China hollowed out our manufacturing, all we have left is wall street selling lies in a grand ponzi scheme - we don't even have Las Vegas anymore - the muslims are buying up the city of sin. Even wall street is in question - mozilo and other big shots like him moving to europe - a vanguard fund manager is moving to london - I am reading about other investment bankers moving to england because that is the future of investment banking - not USA. Cheaper in london than paying goldman sachs guys in new york and capitalism's invisible hand is going to move the money to where the better deals are eh? In the depression hoover took everyones gold at around 20 dollars an ounce and then set it to 35 an ounce - fugging everyone inside the US borders - where are you again? Oh thats right - inside the US borders!! US tech stocks and biotech/pharma on the cheap are all that really interests me out of USA anymore - if NASA and the space program were managed properly I would give a big brownie point to that too - but I don't know if NASA can turn it around. The big things USA had going for it were deep honest capital markets and a trustworthy judicial system with fair and speedy trials - well that is all gone now. The bankers lied and the judges say you can't sue them. Why stay in something like that? I am buying real estate plays in scotland and argentina, possibly phillipines too. I would stay in the USA even through a major depression if I still believed in the honesty and integrity of US citizens, or at least their education levels or at least their skill levels or manufacturing base - but that has all gone into the pisser - merv griffin one with "wheel of fortune" in bringing vonneguts harrison bergeron to life. We can't even get major gubbment funding for stem cell stuff because of religious nuts while other countries are moving forward. 40 million employed in the housing industry that has come to a stop. What are they going to do? Stocks are going to have to have a major correction still - gold stocks included. MIsh talks about debt - the real thing we have leveraged is future tax revenues - they will have to go up - probably tremendously - you will be taxed into oblivion. That article by wanniski said had they not moderated things somewhat in the depression the tax rates by hoovers policies would have been much higher than what actually transpired. Mauldin thinks this stuff can be worked out quickly by hedge funds and the train put back on the tracks, but chromatic said no - when the debt left the borders it made the complexity go way up and thusly the time to fix this train wreck will take a lot of time. In the final days of Rome, the only way to get away from being taxed to death to support the roman army was to move far away from the empire. We are paying through the nose for mercenary contractors in iraq because we can't get enough volunteer freedom fighters to go fight and die. Well WE aren't our foreign creditors are that give us lots of money - but when they stop - your tax rates will have to go up Vosilla to pay for our army. The leader of china is an ENGINEER - can bush even spell that? Pathetic. At least USA aint as bad as Chavez turning back term limits and nationalizing the resources - my god are things going backwards in that country and economic hit man perkins tells me that is actually a good thing? WTF? I still think the latter is where it is going but give myself a decent enough cushion and will recycle gains much of the time anyway.. If RE continues to crash the next five years certainly a depression is coming.. We are playing monopoly Vosilla, but you have to get off the USA version and move to the international version - even if you win the USA version but no one plays it anymore - you will not have any friends to play with. I am keeping my orange patch land in florida, but that is all. When spoiled princess is not practically everywhere I go in that country but instead a good woman with values who is not all about her la vida loca lifestyle maybe my attitudes on USA will change. The rich went long and pushed things long as much as they could - causing everything to be overbought - once they have offloaded as much PONZI paper as they can onto suckers they will swing the markets the other way - they will short and then slam them down far lower than sane and profit again - notice the uptick short rule got changed - the rich are gonna make it on the way up and down. You don't think it is possible for stocks and florida real estate to fall 50% from here? Where is china and all the rest going to spend those hoards of US dollars? Buying more las vegas sin cities? I am going to visit some friends in zagreb croatia - smoke this mofo. Maybe china will be smart and invest the wealth in education and r and d. Elroy told me once that Spain sent troops to the new world, and they found aztec gold, and since SPain had gold standard that they had massive monetary inflation - instead of more colleges and technology research - they blew it on bigger castles and more expensive wine. Pride before the fall. Wages ultimately determine inflation - how can you have inflation if wages don't go up? They haven't really gone up in USA the past 6 years eh? They are going up in other countries though. The rest of the world will grow while the USA stagnates or shrinks - no more buoyancy can be had from illegal immigration - even MOOMINOID is leaving this mofo and he had tenure - no one wants to come here anymore.

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