American Joe II

Bubbles, bubbles are everywhere.

Where is world or old fashioned classical financial responsibility? I am not going to Dis Ronny Ronald Reagan and his deregulating but it have gone too far and to the hurt of the good of the United States both domestically and internationally. A house built on stone stand ups and a house built on sand is washed away.

It have somehow go impossible for the norm Joe in United States to achieve the American Dream whatever that used to be. At one point in time, it used be to have your ain home. I cannot with my limited fiscal agency purchase a $400,000 single household house in one of NYC's boroughs of Staten Island. That is a low end price.

Can children with six figure college debt borrow even more than to purchase a house without ma and dad giving them a monolithic down payment?

What sort of occupations are left in this outsourced economic system for a college grade to keep the high cost of living, college loans, mortgage loans, bread, milk, Pepsi Cola cola, picture games? What sort of less end occupations are available to ordinary citizens and the illegals etc?

The millionaire talking show and mass media talking caputs grew up in the rich suburbias and have got no thought what existent poorness in United States is all about.

The rising prices in investings in the past decennary have been, it looks to me, to blow up existent trade goodss such as as lodging or oil and squeezing every last driblet of blood out of the shrinkage center class. Wealth have been created and invested overseas. Jobs have got gone pass pass forever.

There are TWO economies in America!

The lodging bubble have in a great portion been a bad investing fueled by inexpensive but not ethical mortgage money. Anybody from the outside could see the bubble growing. Many proverb it. Cipher in responsible places of private industry or authorities seemed to detect or give a damn.

Now that the Federal is printing money, will lodging degree off in pricing as a traditional rising prices hedge? Or will the working capital gains, that should be taxable, will these unbridled inflationary investing dollars go on to bust up mayhem or victimize some other portion of the economy?

This all reminds me of the early 1890s when I moved to Capital Of Arizona and realized that all those many newly construct skyscrapers were empty with no occupations in them. They were built with debris chemical bonds with no existent demand - they were a supply side phenomenon.

This roar and flop economic system material is like the wild West and the old nest egg and loan collapse in the late eighties. When Banks were regulated and couldn't sell stock in the dirt shoot stock market, a depository financial institution was a bank.

These years the greatest Banks of a bypast epoch don't make banking. These former banking anterooms of a forgotten aureate age in business district and midtown Manhattan house Starbucks, fitness clubs, or wares outlets. Don't state me that turning former business office space into condominiums do wealth.

Paper money these years only makes more than paper money and seemingly only for the rich or hedgerow funds. After you factor out a few impermanent building occupations for the creative activity of condos, business office space disappears, and no existent long footing occupations come up out of the creative activity of this unreal paper wealth.

This recent inflationary, occupation draining, working capital gain, unreal paper wealthiness is what necessitates to be taxed to pay off the national debt and convey United States back to financial responsibility.