Mortgage rates were over 8 percent for 20 of the last 30 years. Also only 35 billion of the 700 stimulous bill has been allocated. Not all of the TARP had been allocated. The Biggest user of Govenment funds was AIG which was then transferred to Foreign Banks to cover the derivatives which became worthless. The day they outlaw the unregulated CDS and CDO derivatives you will see a resurgance of confidence immediatley.
Here is a typical example for a house in the Silicon Valley...
3173 Cabrillo Ave, Santa Clara CA
3 beds, 2.0 baths, 1,078 sq ft
Sale History
06/25/2008: $500,605 *
05/19/2006: $630,000 (Buy now or be priced out forever! Really?)
06/29/1995: $210,000
For Sale: $430,000
This area has a long way to go, and people just don't get it. I keep telling people, wait until you see what happens when the rates go to double digits. And if they don't, kiss your paper money goodbye.
I'd say buy silver. It has the poor man factor. More people can afford it and it could easily be used as currency. Silver is also better supported by the price of oil. It is consumed. Mining is more expensive when energy costs are high. I like gold but I think that silver has more of an upside. I said that back in Dec. 2008 and last week it had gained 60% while gold about 25%. The drawback is it just takes up more space.
There are plenty of other assets you can buy other than silver. Plus, silver isn't as scarce as you think. There are tons of people trading in there gold and silver into "Cash 4 gold" and other scams like that. India has turned away from the high prices during wedding season. there is plenty of supply in both metals.
If they are able to create enough inflation, the prices will stop or maybe even rise nominally. In real terms adjusted for inflation, no. The reason is we still have an over supply of homes on the market. We don't have a housing problem, we have an over building problem.
I am thankful to have seen this video. Great one! thank you and keep up the good work!
markbradleyvideos 1 year ago
)qp( what's with all the text art?
uturniaphobic 2 years ago
=OoO=
Credit soon Gone?
Fractional Reserve Boarded up as well?
How do you think the *Shysters* aactually Make Money off of the *Slaves*? (Read:- *Credit*).
Credit will never & can never go away...it's the basis for all over-reaching & greed.
Credit enslaves. Credit issuers want to KEEP their slaves.
Credit going away is like saying Mortgages are going to go away or even taxes.
YIKES!!@@!!.
=OoO=
Casmige 2 years ago
Time to buy I-bonds?
3089280288 2 years ago
Obongo will save us.
FGTBOGSAT 2 years ago
credit will be gone soon- brace yourself.
jsmythib 2 years ago
How are you going to pull back TARP/TALF???? Its all been stolen by the gangster banksters!!!
*Otherwise... excellent analysis....
frontier1701 2 years ago
Can you mention at least 1 ticker symbol and why its a buy and why its going up? All you talk about is democrats.
AEVautomatic 2 years ago
Democrats? My analysis is non-partisan. Both parties spent too much money. Maybe you need to listen closer.
stockgunslinger 2 years ago
when interest rates go up will ure go up 50%+?
AEVautomatic 2 years ago
how high and why did you choose 50%+
stockgunslinger 2 years ago
for 4$ a share a 2$ gain isnt that much for ure.
AEVautomatic 2 years ago
dont you think if you just bought the right etfs right now and held them you could make 50% or every trade. .
AEVautomatic 2 years ago
i dont know about hyperinflation but buy IRE. Ive been telling people to buy IRE since it was 3$ now itrs 11.50 and still a buy.
AEVautomatic 2 years ago
I dont really think your strategy is the most productive right now gun stock slinger...
AEVautomatic 2 years ago
Mortgage rates were over 8 percent for 20 of the last 30 years. Also only 35 billion of the 700 stimulous bill has been allocated. Not all of the TARP had been allocated. The Biggest user of Govenment funds was AIG which was then transferred to Foreign Banks to cover the derivatives which became worthless. The day they outlaw the unregulated CDS and CDO derivatives you will see a resurgance of confidence immediatley.
enkelin32 2 years ago
Here is a typical example for a house in the Silicon Valley...
3173 Cabrillo Ave, Santa Clara CA
3 beds, 2.0 baths, 1,078 sq ft
Sale History
06/25/2008: $500,605 *
05/19/2006: $630,000 (Buy now or be priced out forever! Really?)
06/29/1995: $210,000
For Sale: $430,000
This area has a long way to go, and people just don't get it. I keep telling people, wait until you see what happens when the rates go to double digits. And if they don't, kiss your paper money goodbye.
tyronebiggums3 2 years ago
I'd say buy silver. It has the poor man factor. More people can afford it and it could easily be used as currency. Silver is also better supported by the price of oil. It is consumed. Mining is more expensive when energy costs are high. I like gold but I think that silver has more of an upside. I said that back in Dec. 2008 and last week it had gained 60% while gold about 25%. The drawback is it just takes up more space.
davecros 2 years ago
There are plenty of other assets you can buy other than silver. Plus, silver isn't as scarce as you think. There are tons of people trading in there gold and silver into "Cash 4 gold" and other scams like that. India has turned away from the high prices during wedding season. there is plenty of supply in both metals.
ohio1998 2 years ago
Do you think house prices will continue to fall no matter what they do?
meikagirl 2 years ago
yes
unworldlything 2 years ago
Yes again.
davecros 2 years ago
Oh, yeah, see my example.
(also posted at my blog; link at my channel)
tyronebiggums3 2 years ago
If they are able to create enough inflation, the prices will stop or maybe even rise nominally. In real terms adjusted for inflation, no. The reason is we still have an over supply of homes on the market. We don't have a housing problem, we have an over building problem.
ohio1998 2 years ago
The three B's; beans, bullets and bullion.
prescottbill 2 years ago
great insight. buy gold guns and ammo
crudeandrude 2 years ago