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Yes but 400k back in 1980 was worth much more than what it is now, $7000 was for an new base Commodore 1980 and now what say $40.000 so about 6 times more, so a house now at 400k say $57.000 is about right in 1980 to be realistic.I remember 17% rates I was 16-17 at the time so didn't have a mortgage. People have had it too easy for too long. Gonna be a big shake up in years to come. Most people wouldn't have borrowed $400k back in the late 80s, back then $400k house was for the rich and famous, not the average Joe.
Hellary looks much like Hitler, must be one of his own pure bred experiment kids.
Nah. No moustache.Hellary looks much like Hitler, must be one of his own pure bred experiment kids.
Yes what USA did was that they took on the same money system game play that was given to Hitler to use and that's a fact.I am listening a 3 hr long seminar that address the thing that you are mentioning about the rise on the cost of living. Cannot find the link at this moment, youtube keep taking down the link, I wonder why (sarcasm)?
Anyway, the rise on cost of living is blamed to the Central Bank. Not only prices increase but also the taxes. In another hand, the Central Bank robs you via taxation and by debasing the currency, is a double whammy. People are completly ignorant of the situation and worse, they do not want to learn or care.
Long ago, Calaber asked me why, we, in the US call the Dollar, Bills. Is an instrument of debt. If you look at any USD denomination, on the very top, it says Federal Reserve Note. What is a Note (bank note)? "A piece of paper money, constituting a central bank's promissory note to pay a stated sum to the bearer on demand." So what is a Promissory Note? "A signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand."
Before 1971 you could render the Bill for Gold, not any more, now is backed by the "Credit and Good Faith of the US". What that means? Not a damn thing, is paper backed on an account with 0 wealth full of IOUs (US Treasury Bonds). On top of that, we pay taxes to repay the loan and borrow more to pay the loan with "Bills" that looses purchasing power every year. Taxes goes up, Currency goes down, you have to work more for Currency that gives you less each year and carry a tax burden that goes higher each year.
I bet, is a super similar situation in Down Under.
If people are well aware of the situation the Gov will be overthrown, Central Banks shutdown. Nobody cares, nobody wants to learn, is all crazy talk, the Gov and the Central Bank are the good guys.
The root of all the problems can be traced back to a Gov that recklessly borrows Currency to no end and leave the people to carry the load. Just take the power away from the Gov and get rid of the Central Bank, problem solved. It does work, happened in the past, if you read about US History and how the Central Banks got abolished 2 times and is like a turd that does not flush, keeps bobbing back up.
You're not alone losh. Every now and then he has these demented rants that are so far off track, you wonder what he's smoking.Zeke you need to talk in simple man's terms. I for one have NFI what you're trying to say....