Archive for August, 2007

Date: August 29th, 2007, Filed under Housing Bubble

On my previous post titled Scary Housing Bubble Mortgage Calculator, Frishack posted the following comment that I wanted to reply to publicly.:

The fact that you may be upside down for a few years does not have any effect on what you are paying monthly, so just ignore the market ups and downs, and in the long run real estate always goes up.

This is a common line by Realtors and mortgage lenders. I disagree with it completely.

Read this entire article at the housing bubble site.

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Date: August 29th, 2007, Filed under Gold Investment

Over at the LRC blog, Chris Brunner posted an article titled Top 8 Ways Hard Money Would Change Your Life that details 8 decent reasons why Ron Paul’s stance on a gold-backed dollar is a good one. But the Federal Reserve’s printing presses and liquidity injections are not the biggest problem we face today in the U.S. in terms of economic difficult and years of financial abuse by governments at all levels, in fact the Federal Reserve’s control over “real dollar” creation is not really that bad when you consider the real culprit: fractional reserve banking.

Read this entire article at the gold investment site.

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Date: August 28th, 2007, Filed under Housing Bubble

Now that the housing market is tanking — as I’ve been saying here for well over a year and in private conversations for 3 — many of my previously bullish friends are now turning bearish. The most common question I get today is “How did you know, if the media said housing prices always go up?”

Simple. For thousands of years, we’ve understood interest and we’ve understood debt. Those who spend beyond their means will either be slaves to the asset-owners who are loaning them the capital, or they will lose that asset because they can’t afford it. I have a few rules for buying a home…

Read the rest of this article at the housing bubble site.

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Date: August 28th, 2007, Filed under Anarcho-capitalism

Zion, IL
by A.B. Dada
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Michael Vick is being villified in every mainstream and blog news and opinion piece I’ve found, other than a few rare pieces at the LRC it seems. He’s being tossed out for being cruel to animals, and he’s plead guilty on Federal charges with a chance that the state will also toss in some criminal charges, to boot. From what we can see in the media and blogosphere, Vick has no friends. I’ll be the first to stand behind him and offer not just my friendship, but my defense of an extremely talented entertainer with a long history of poverty and restraint by the State that says they’re only there to help.

Read this entire article at the anarcho-capitalism site.

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Date: August 24th, 2007, Filed under Gold Investment

I had a wonderful conversation this morning, which came from a dream I had before fully waking up. My dream had a horrific short-term outcome but a wonderful long-term outcome: the destruction of fractional reserve banking and the end of the Federal Reserve through consumer “riots. Read this entire article at the gold investment site.

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Date: August 16th, 2007, Filed under Gold Investment

Zion, IL
By A.B. Dada
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The housing bubble has popped, and not just a small loosening of air from the gigantic, Federal Reserve-created madness. It’s a full blown pop, one that will quickly affect more than just the housing/construction markets. If you’re looking to be a wise and protected individual, today is a great day to restrain spending — even necessary spending — to brace yourself for the day when cash of any sort is king.

Read this entire article at the gold investment site.

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