because you are,
I know you are but what am I? - Pee Wee Herman
You can say it all you want - it does not make it true.
First you say I am brian H, then you say I am frank, I bet brian h and frank get a kick out of this. In the spirit of chuck norris and bruce lee. Asian Dividends Vs. American Dividends
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tatemono.com
realtyincome.com
Anyways I am curious how the phoenix is doing? I went over my old prospectus and I see it had cap rate of 7% - but it was expected to appreciate - and the yen appreciate against dollar - has it done so? Dollar been kinda strong past year even though Buffet taking stabs at it eh?
If property bubbles in asia and USA and everywhere else about to deflate - will the phoenix go back into the ashes which she arise under deflationary regime? Having some investments of my own going in the states I can't wait for Helicopter Bernanke to hyperinflate my property values. See USA will buy non performing loans off the banks - but over there in japan they just let them sit there and deflate away. ;)
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What was it Buddy Fox dad say to him?
Carl Fox: Stop going for the easy buck and start producing something with your life. Create, instead of living off the buying and selling of others.
Here this guy just called me, you, maurice, all the rest of us LAZY and sucking on the tit of fiat currencies - you will laugh.
bankdersysrisk.blogspot.com
3) Are you assuming, govt will just take the bad loans from the banks to fed accounts? If so, can you tell me how the following can be avoided: Everyone in US quits their job and applies for a loan and then writes it as a bad loan to the bank and then passes it to the fed account. They do this repeatedly again and again. After all, isnt this the most capitalistic way of making money if fed is willing to take the bad loans and banks are "fighting" to give you tons of money? You wont have anyone working in fields, offices, banks - and hell no one working in FedReserve!!! Is this what the FederalReserve do? They will invite every enterpreneur in US to apply for loan and then "if" they default - wink - wink - dont worry? - I've found not a single hyper-inflation believer to provide answer to this profound question!! It is precisely for this reason BoJ did not take the bad loans from the bank books!!!
I like this point about people quitting their jobs. I have written about this phenomenon in the past. What you are describing is going on right now. They are called realtors and real estate speculators, flippers, and day traders.
In fact this process has happened many times in US history. That is why the majority of wealthy people in America who created their own wealth have done so in real estate and speculation. This also happened in the 1980’s with the S&L Scandal and in the 1920’s. Flippers, interest only loans, and the whole enchilada.
And if you speculators made a killing in the 20th Century, wait until you see what they did in the 19th and 18th centuries when they could use lending and banking to rob people blind.
Why don’t more people in the US just start taking massive loans out and living off the appreciation. It seems to me a great amount of them are. The rest just aren’t into finance enough to really care.
Why don’t all America’s follow this tactic and reap the rewards of an inflating currency and asset bubbles. Just comes down to basic interest. Some people understand finance, some race cars, some like drugs, some social stuff. It is just how the world works. People are not perfect financial machines, and most no very little about how inflation, loans, or anything else that takes study works. Time and Interest in a subject limits interest. Most people just do what they are told and muddle through life. Look at your own family and tell me they all made good and wise decision all through their lives. It doesn’t happen.
Hate to say this but most people just do not care that much to investigate it. Almost the entire population makes decisions with minimal information and takes almost everything at face value, regardless of what they actually tell you. Just look at the people you work with and try to tell me this isn’t true.
Too much information to know to get through life, too little time to understand all of it or even a good portion of it.
However in order to have an asset bubble as the magnitude we are experiencing now the idea has gotten to the general population that easy riches await in taking out home loans. It has now become part of our popular culture. This entices uninformed people to grow the bubble larger through the fantasy of untold riches.
Ever since paper currency was invented in the West in 1691 the informed have used these bubbles to take buying power from every one else. 314 years is a powerful statement of world events. In the end the people in the know take all the money because they make the rules.
Gordon Gekko: The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
The real question you should be asking yourself, do banks really lose buying power of their money when bailouts, hyperinflation, or deflation occurs. If they make all the rules, they always come out on top.
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Editorial Reviews
From School Library Journal
Grade 4-6-Prosperous villagers in an Amazon rain forest have everything they need; therefore, they become lazy and disregard their forefathers' traditions. Then a child brings an old man to the village who cuts monkeys out of leaves, monkeys that spring to life and do his bidding. The villagers request small chores at first, then bigger ones, until more and more monkeys are doing everything for them, including breathing, digesting, and complaining. At this point it is hard to distinguish the monkeys from the people or vice versa. The tale gets bogged down in places because of the characters' continuous and ever more preposterous demands. It is difficult to determine the audience for this Colombian folktale. Challenging words, e.g., antipathy, nuance, piqued, overwhelming, and phalanxes, are not even in the listening vocabulary of most young readers. Bryan's splendid cut-paper illustrations, however, help to hold readers' interest and keep the story lively. Dark silhouettes set on colored backgrounds, reminiscent of those in Marcia Brown's Shadow (Macmillan, 1986), lend a South American flavor to the text. Buy the book for the artwork alone if South American folklore is in demand.?Betty Teague, Blythe Academy of Languages, Greenville, SC
Copyright 1996 Reed Business Information, Inc.
From Booklist
Ages 5^-9. In this Colombian folktale, the people of an Amazon rain forest village begin neglecting their chores and moving every time their village gets too dirty. Soon even moving becomes too burdensome, so when a mysterious old man carves monkeys out of leaves and offers to bring them to life to work for the villagers, the people happily agree. Unfortunately, the perpetually dissatisfied villagers request monkeys to perform every task, even breathing and complaining, until the monkeys and humans become indistinguishable. Metaxas has an easy storytelling style, but he offers no source notes and confusingly inserts an alternative ending, from "older versions" of the story, that breaks the mood. Bryan's illustrations, black cut-paper silhouettes cast into sharply comical shapes and placed against bright backgrounds, are not only striking but also a perfect match for a story about carved monkeys. Susan Dove Lempke |
