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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (109919)	1/19/2015 11:38:40 AM
From: Maurice Winn	Respond to of 220244

They are not farmers. They are financial speculators, using borrowed money to get tax free capital gains in land. Ooops a daisy. <That's why so many New Zealand farmers now commit suicide each year. It's a rough business climate.> They paid too much for the land in the greater fool theory. Farming is still very profitable for people who have no debts on their farms. Same for people borrowing money to pay too much for houses. If they borrow money to buy a house they want to live in, it makes sense if the interest rate is low enough. Buying houses makes sense. Using borrowed money to buy them does too, if the house price is not too high. Fears about deflation are a financial swindle promoted by government spivs to keep diluting fiat money. Mqurice