The math of renting vs. buying a home. Challenging the notion that it is always better to buy.Factoring in appreciation and depreciation into the rent vs. buy decision.
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Sunday, October 31, 2010
Bob Chapman on the Mortgage Meltdown
Bob Chapman on Radio Liberty 25 Oct 2010
Bob Chapman wrote on the International Forecaster of the 27th October 2010 "....In Foreclosuregate the federal government is trying to cover up the damage and put it off until after the election. The states’ attorney generals’ have different ideas. Even if mortgages were traded electronically the law demands that there be a paper trail. The initial events in this discovery process has already unveiled that banks used the same mortgages to fill different loan packages. They were sold multiple times, which, of course, is fraud. Furthermore the MERS system is unlawful. As a result Bank of America has demanded the FDIC pay them for faulty or bad mortgages. Evidently the practice of multiple mortgage use was widespread. The entire system is rife with fraud, due to lack of lawful, proper, legal documentation. That had led banks to arrange mortgages to totally unqualified borrowers just to be able to securitize and sell those AAA rated mortgages. The banks made major amounts of money and the Federal Reserve arranged for the taxpayer to pay the bill. The banks carried fractional banking to a new level in their deliberate fraud. In fact, there is even the possibility that the mortgages were never really securitized. There probably never was any paper work and what there was perpetuated fraud. In addition there is also the possibility that LPS, a foreclosure-outsourcing firm, fabricated documents and committed forgery as well....."
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Mortgage Crisis
Saturday, October 30, 2010
SILVER RARER THAN GOLD
SILVER RARER THAN GOLD? Why Gold & Silver?
Mike Maloney : “Silver is extremely rare. For the first time in human history, there is more gold for investors to buy than silver.”There’s 8.3 times more gold available to buy today than silverSilver is one of the most amazing elements on this planet, and it is in short supply. For the first time in human history, there is more gold above ground for investors to buy than silver. The available above ground silver if put in a cube would only be 11.72 meters on each side, much less than the available above ground gold. Someday people are going to wake up and realize how little silver is available and how valuable it really is.We are in a moment in history that not everyone is realizes that ALL money is FIAT! Not backed by anything! We are running in a world trading products with paper. This is going to be in history books!
If you put all the available above ground silver into a cube it would measure about 11.72 meters on each side. If you put all the available above ground gold into a cube it would measure about 19.18 meters on each side. Therefore, silver is much rarer than gold for the first time in human history! When people finally realize how much rarer silver is compared to gold it will cause the quantity demand for silver to spike and consequently the price of silver could exceed the price of gold!
Labels:
Gold vs Silver
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