Could a real estate boom plus better Fed policy pay off USA national debt?

Discussion in 'Economics & Trade' started by DennisTate, Dec 31, 2016.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Islamic-Marxist coalition?

    Where, when, how? Islamists are dedicated capitalists!

    They just don't believe in YOUR CHRISTIAN GOD who was first Jewish ...
     
    Last edited: Oct 8, 2019
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  2. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Perhaps for someone (like you?) who already owns a house.

    But for the younger generation that do not yet own a house, a boom raises significantly the entry-barrier.

    And, it is my own personal feeling that the US is overdue as regards real-estate pricing. The pricing has gone too far too soon. A correction is in order. (Not a pricing crash, but a fall-back.)

    Something has got to give - this boom has to slow down. That is, typically real-estate pricing reacting to the onset of an economic downturn/slowdown - call it what you may ...

    PS: Market-economies are like sail-boats. When the wind is "up", everything is fine. Wow what speeds with the wind in your face! But when the wind dies down, you are "dead in the water". (And with a mortgage but without a job!)
     
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  3. Quadhole

    Quadhole Well-Known Member

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    You are correct. You have to be over 50 and have lived thru some of the good times 1945 - 1985 to understand where we are now.
    At least this has been my experience. My daughter 21 at UCF Grad school asks me ? after ?. I love it because it shows her interest in reality.
    Reality within the national surroundings is the tough part for every man trying to work thru this society. We want to become a realtor and then expect a Buying boom. Or, be a car salesman and each additional model year is so so important. Maybe take up fishing as a hobby and then 30% of your time is spent on prep.

    Very few want to venture into the reality of our financial system because it always hits a wall. The wall is set up by the right wing paid think tanks. There is no better way to put it other than to tell the truth. While on FOX news this morning they had a women say "stopping socialism starts at home" this women wants moms to go home and tell their kids about FREEDOM. She mentions nothing of the financial situation people find themselves in. We did not need SOCIALISM until now. It is because the rich have 99% of all the money and they are the 1%.

    Amazing the greed from these paid think tanks controlled by the likes of the Koch Brothers (one dead now) and other Zionist (very rich pundits) that push for even less taxation. For all Peter Schiff does and talks about, he is still a Zionist who will use his greed to keep all his money. As long as the starving people are out of sight, they can be out of mind.

    When I graduated high school in 1983 I finished 249 out of 252 because I just did not give a sh*t. I could go to any business make great money and climb the corporate ladder to success. It only took hard work and learning that business. Today we seem to pick a career path and hope things fall in place. You need mass $$$$ of schooling just to make 60k a year. I could make that easily with a 4 year degree in 1983.

    Until Americans pay attention to what : is the FED, where the money goes, how crooked the system is, how much propaganda is swimming in the news. And of the utmost importance is who is controlling the news, why, when where and how. We will not change. Even is Sanders or Warren win at best you will get some measly tax change, 1%, 2%... Because it is so much cheaper for a billionaire to pay 250 MILLION dollars to run TV ads day in and day out then to pay a 50% tax on 50 Billion dollars. That is how much money they now have an americans are so so clueless.
     
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  4. DennisTate

    DennisTate Well-Known Member Past Donor

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    But many people who pose as Muslims are actually Atheists who
    are being paid to attempt to keep the Middle East in a state of war.

    Many Atheists are really good at quoting certain verses in the Koran that
    keep tensions between Muslims and Israelis high.

    https://www.tldm.org/news9/russianinfluenceonmideast.htm

     
  5. DennisTate

    DennisTate Well-Known Member Past Donor

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    I do have an answer for that problem that I have worded in a way that may make it somewhat more
    palatable to the most outspoken opponents of such an idea. (Economist Milton Friedman advocated unconditional income supplements in order to break the power of the bureaucracy that is needed for the present welfare state):


    Would a Basic Minimum Income dramatically reduce abortions?

    Five hundred dollars per Canadian per month, can this work?

    I am advocating the usage of the Bank of Canada that is owned by all Canadians to finance giving five hundred dollars per month to all thirty seven million Canadians.

    It will of course mean much more to poorer Canadians than to millionaires........
    but it could be surprising how many stay at home wives with cheap and stingy millionaire husbands who control the purse strings of the home may find this extra five hundred very helpful indeed.

    I suspect that well over eighty percent of of Canadians will spend this money reasonably well and:
    1. enrol their kids in more after school programs.....
    2. begin to purchase a higher percentage of organic produce vs the cheap GMO stuff
    3. purchase a newer car, SUV or half ton truck
    4. do renovations to their homes
    5. hire landscapers to do certain projects on their properties
    6. pay down their debt loads, especially the higher interest ones
    7. buy a new home rather than renting
    8. buy a cottage outside the city so that they can get away for weekends
    9. many will choose to move to rural Canada in order to escape relatively hectic city life
    10. eat at nice restaurants more often

    11. I also believe that a significant percentage of Canadian women who would have chosen to have an abortion under the present economic situation will CHOOSE to keep their babies as opposed to having an abortion!

    I suspect that less than ten percent of Canadians will attempt to live off this five hundred dollars / month and simply use it to drink or smoke more.
    To whatever degree this happens the worst cases where these Canadians put themselves and others in danger this can be dealt with by issuing food stamps vs a monthly check.
     
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  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    Isn't it intriguing that similar groups of people to those who talked Canada's P. M. Pierre E. Trudeau in 1974 into
    scrapping a brilliant central banking system, probably to supposedly prevent inflation, themselves go and
    create seven hundred and ten trillion dollars worth of Derivatives back in 2014???

    Did P. M. Pierre E. Trudeau save the world environment?


    "Neo-Malthusianism" is a concern that overpopulation may increase resource depletion or environmental degradation to a degree that is not sustainable with the potential of ecological collapse or other hazards.[citation needed]

    P. M. Pierre E. Trudeau's error has costed Canadian taxpayers over one point one trillion in interest payments since then.
     
    Last edited: Oct 8, 2019
  7. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    It will mean nothing-at-all to rich Canadians - so why waste that portion of the money allocated?

    The Finnish just "finished" a rather broad experiment with guaranteed-income for those below a particular revenue-minimum. It was well appreciated by those who had a roof over their head and heating during winter.

    What happened to most of them? They "graduated" out of the program because they found decently paid jobs with revenues far above the amounts they had been "given"..

    If done correctly, such a program avoids being a "give-away" as repeatedly announced by Rightist Wankers. It is simply an "investment in human nature" to kick-start people who need it. And, it works!

    It is far, far more effective usage of Federal Spending than upon Toys-for-our-boys at the DoD ...
     
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  8. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    No, not at all. They are devout Muslims. In fact, so devout that they become fanatically attached to the religion.

    Like most religions, we humans make a mockery of them by insisting upon their purity & goodness. I'll believe that nonsense when God returns to earth and we can have a good chat about the subject ...

    Like it or not, the Communists Regimes did more for the benefit of Russians that any dynasty of Tsars and their rich "friends" who owned most of the land and made their fortunes in that manner. Unfortunately the Commies who put a stop to that became autocratic in their own manner. By means of a profound belief that what they were doing was for the benefit of the country and the people. The people began to feel however - when compared to European lifestyles - that theirs was not the least bit comparable. They were not starving, but neither were they leading comparable lifestyles.

    What happened as a consequence had to happen. It's a shame that Russia went on to be run by a bunch of Ex-Commie Mafiosi who have all enriched themselves to the detriment of their own people. That reckoning is yet to come - and it will be bloody as all such reckonings are inevitably.

    The pent-up anger bursts into bloodshed ...
     
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  9. DennisTate

    DennisTate Well-Known Member Past Donor

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    Now I personally think that truly devout Muslims would have at least
    some questions regarding hierarchy of scripture and would be aware of
    these other Suras:

    http://www.politicalforum.com/index...n-for-the-holy-land-hebrew-and-arabic.530301/

    Sura 29:46;


     
  10. DennisTate

    DennisTate Well-Known Member Past Donor

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    The reason to send it to all Canadians is to eliminate the need for a bureaucracy
    that becomes so powerful that they keep poorer Canadians dependent on them.

    Plus.... this would be taxable and higher income Canadians would end up keeping a smaller portion of the Basic Income Supplement anyway.

    A Basic Minimum Income created in the manner that the Bank of Canada was used from 1938 to 1974 would actually become a cash cow for all levels of government and in theory could quickly eliminate the deficit and begin paying down of our national debt.

    Theoretically.. .we could soon be operating in the black rather than in the red.
     
  11. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    True enough. It might also show to your neighbors south of you how blockheaded they can be about such a worthwhile social-mechanism.

    See Canadian historical unemployment rate. Given today's economic-structure "up-north", you (plural) are doing about as well as you can. More could be done nonetheless to get the rate down to the 3/4% range.

    [​IMG]
    None the less, this looks like a promising electoral promise from your Liberal Party here:
    We could only hope one day to see that happen in the US, where the average "state school" university education costs $14K a year - clearly out of the range for any American family below the poverty threshold of $25K (for a family of four) ...
     
  12. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    I'm not one for "historical revelations" though I do admire history for what it tells us about the evolution of Human Relations and Beliefs.

    You should note that that "Christianity" - even though predominant in Western cultures - is just one more religion on earth. From here:
    The other half of the world believes a variety of other religions. The belief in a Supreme Being is very human in nature ...
     
    Last edited: Oct 9, 2019 at 2:41 AM
  13. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    MARKET CONSOLIDATION

    I most certainly hope this is indicative of the mentality presently in the minds of American students - but I suspect is unique to a very small group of young people.

    These "kids" (pardon the expression because they are young-adults able to vote) in America seem to think that low unemployment and high pay-scales is a "given".

    History tells us that such a notion "aint necessarily so".

    HISTORICAL FACT

    The reality of today is that we, the sheeple, have either never learned or simply forgot our economic-history of the late 19th and early 20th century, when the anti-trust laws had been passed. Our economy at the turn of the 19th century had rushed-up to a very high level of concentration by a whirlwind of market-consolidations (by means of "Trusts") perpetrated in a very large sector of the American economy.

    Americans somehow think the fact that the filthy-rich are "Wunderkind' and deserve rightly to own their part of the 1% of American wealth. Do see this chart here - which I am unable to post - of "The one percent of the one percent". It will amaze you by showing the very high concentration of wealth by a select few-families in America.

    Which along with group Prime-Member (Donald Dork) is doing its damndest to assure that "nothing changes" in the US: The rich get richer and the poor can go to hell ...
     
    Last edited: Oct 9, 2019 at 3:13 AM

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