Sunday, August 21, 2011

Federal Government Housing Rental Program

A friend sent me a question via email today asking my opinion on a housing related question; thought I'd share:

Question:

"Randy, what happens when the majority of America walks away from their home knowing that it is toxic waste? How does America respond to that? It's going to happen and the Government knows it. Will they reset values? There is no end to this. Just talking. Wondered what your thoughts were."

My Response:

Agree the housing market is completely toast (bottom is still several years away), and this will lead to a tectonic/deep-rooted transformation to the American dream and desire of owning a home. Ultimately, it will take generations to forget the massive pain this ponzi schemed housing marked brought to millions of Americans... However, people will still need a place to live, and the banking system/US Gvt will be stuck with TENS of MILLIONS of foreclosed homes... With few qualified buyers however, the Gvt will have no option but to get into the "rental business" .... and during the course of the next decade, you will see millions of people who were previous "homeowners" transition to Gvt "renters"... Over time, it will become the "new norm" for America.

As a matter of fact, it's already starting: Obama Administration Aims to Flip Foreclosures to Rentals




Feel free to share your thoughts...

Saturday, August 20, 2011

Weekend funnies - 20 Aug 2011

Click any image to enlarge - enjoy!















































Friday, August 19, 2011

Chart of a $100 Gold upswing

As you can clearly see, panic in the markets is causing a huge rise in the price of gold as investors seek safety, but also look to exit fiat paper currencies, as they race to the bottom of history's dustbin...

Look at this snapshot of a $100 up swing ($1780-$1880)... And if you analyze just the red and green lines, you can clearly see a $90 rise over a very short 30 hour period...

This is just the beginning my friends and (as I've stated for several years) I see a hyperinflationary depression brewing - but, just like that mirror warning on the side of your car - it's much closer than it appears.


Wednesday, August 17, 2011

Going For Gold: "Govts rob citizens, money printing race disastrous"

Sunday, August 07, 2011

Hot Topics

U.S. Credit Downgrade: Standard & Poor's Warn More Downgrades May Come


World Leader Emergency Meeting; and China: "the good old days when US could just borrow its way out of messes of its own making are finally gone,"









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