HabitableZone

Off Topic » in reply to Re: Well we all know something...

Usually the first thing that comes to mind is TARP and the stimulus
RobVG — (archived)

On the books, Tarp funds have mostly been paid back, with borrowed money in some cases.

$740 billion of the $800 billion in stimulus was spent- gone. Add to that the bailout of Fannie and Freddy and your looking at over $1 Trillion.

And then there's the deficit. Watching our leaders handle the business of governing our nation is like watching a priceless Warbird about to "auger in".They’re out of control and the reality of the situation makes you sick to your stomach.

But here’s the kicker, The US Federal Reserve pumped $16 TRILLON dollars into the world economy to stave off total economic collapse. When I first read this I thought it was just another BS email but after a little checking I found it was no joke. Then it all came out in the open with the GAO audit of the Fed in July of last year.

They fired up the printing press and let it roar- WOT

But back to your point about acquiring hard assets, most people think of gold and silver. If you had the foresight to purchase silver in 2007 you would have more than doubled your money today. I didn’t buy any but I’m starting to think there is still room for gain.

Unfortunately your home, as a “store of value”, has been looted. Home prices have fallen 33% since 2007. People’s nest eggs have been scrambled (sorry I couldn’t resist). Home prices are still falling but the decline is leveling off. Makes you wonder when investors are going to get off their wallets and start snapping up properties for short term rental income and longer term equity. It’s must be a balancing act and hopefully for the construction industry and dependant economies the tipping point will be soon.

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