You can look forward to unyielding inflation.  Real world solutions you say?  Sound monetary policy is not libertarianism.  But perhaps that well conceived talking point provides just enough polarization for people whom would otherwise be appropriately concerned, to instead be dismissive.  If you don’t understand what the root cause of the problem is, you’ll spin your wheels for ever.  Ron Paul is the only political candidate in the 21st century to claim an absolutely perfect constitutional voting record.  If you think that’s an old fashioned idea, you’re clearly insane.

Baggs, the World is not going back on a gold standard OR a silver bullion standard. Ron Pal needs to join the 21st Century, and come up with real world solutions. Lets remember this is an appraisal blog rather than a general political advocacy blog for Libertarianism, ok?

By the way, inflation existed even while we were on the gold standard.

That’s old timer thinking to be sure.  “The fed continues to promote inflationary policy.  They continue to devalue our currency year after year, seeking economic prosperity through debt.  That means year after year, your dollar is worth less.”  Taken directly from the PTG am radio advertisement.  I always get a chuckle when the supposedly knowledgeable instructors still hold to the old tag lines like a dollar saved today is worth more than a dollar tomorrow.  Unfortunately with negative interest rates on the horizon, and continued inflationary policy, your dollar is worth less tomorrow than it is today.  Exchange that instrument of debt (the greenback), for actual currency instead of more debt.  Buy silver.  An ounce of silver is still worth the same today as it was yesterday, if not more.  I’m only 40, but remember when rent was 400 a month, and now it’s typically 1200.  I remember when appraisals came standard 450+ and we booked out 6 weeks worth before the supply slowed down, that was 15 years ago.  You don’t want to save money any more, you want to exchange that instrument of debt (the dollar), for something tangible.  Put all your money into silver, house, debt repay, and tangible items.  To the mattresses.  We hedge purchase the …. out of everything non perishable.  If people don’t see the freight train which is pending economic collapse on the horizon, they must be blind.  “They’ve recently changed the rules that depositors are merely creditors to the bank.  That means if the bank goes under, you get paid less, if any.” Another direct quote from PTG.  So I say this instead;  A dollar paid towards abolishing debt today is worth two dollars paid towards abolishing debt tomorrow.  When the music stops, it’s going to stop all the way, not just slow down.  BRICS is on the horizon, and nothing short of auditing the fed will provide meaningful bearing towards continued economic stability.  Ron Paul:  People should not reject free market systems, because the truth is we have not had that for a long time, but we should return to that. / http://patriotarchives.blogspot.com/  It’s complicated but low level consumers can still insulate themselves by bucking the system of debt, and living debt free life styles.  Stop paying for services.  Stop paying for use.  Own it completely or don’t spend on it.  I’m already making headway on the 15 yr note.  I feel bad for people whom roll new 30’s and go cash out.  If they love debt more than ownership positions, that’s they’re business.  You don’t own it, until you’ve paid it.  Plain and simple.  Home ownership in America is a misnomer.  Hardly anyone owns their homes these days.  Why people would roll debt into a 30 year term with a 1.8 or so multiplier over term, continues to amaze.  They could grab 5 and 10 yr signatory loans and wipe all that out in a heartbeat.  They don’t operate that way though, since their motivation is to maintain the available purchasing power ratio, so they can seek more debt based spending allotments in the near future.  Sad, but true.

When I got married we moved into an efficiency apartment that was furnished and bills included. The cost was $50.00 per month! Yep…I am getting old!

Our country is Trillions of dollars in debt. You cannot buy a coke for $0.07 any more. The coke is the same size as way back then but the price is a bit different. In my opinion, this is what our government is going to continue to do to all of us. The coke will be the same size but the price will go up and up and up.

We can all study about discounted cash flow analysis, internal rate of return, financial rate of return, debt coverage ratios, mortgage constants, etc. etc. but the reality is that the price of a coke continues to go up!

I am not wealthy but as an old dude…I would suggest that you save a few bucks today so that you will be able to buy a coke tomorrow!

Tom, your the first one I noted with a specific and highly probable trigger event identified. I’ve sold or appraised real estate since the 1970s and in over 40 year have never seen 30 year fixed rates so artificially low. Why are they so low instead of nearer to the “normal 7% to 7 7/8%” they traditionally are?

Because we could not afford the interest on the national debt alone if they were allowed to creep back to real market rates. The national and international economy would screech to a halt almost immediately. The Fed continues to subsidize Wall Street with ultra cheap to “free” money that it already knows cannot continue.

Talk about rate increases before November, 2016 is just that…talk. No one will tell the Emperor that his new clothes simply do not exist, until that time.

The above would be enough reason for concern by itself but all the other things the author said about Glass-Steagall and Banks rewriting the laws JUST LIKE THE INSURANCE COMPANIES DID WITH HEALTH CARE, are ALSO true!

Virtually ALL systemic checks and balances have been effectively neutered by Wall Street, The Fed, This Administration and each of the regulators for each of the GSEs. Dodd Frank is a joke.

i’ve been thru so many of these. it’s a bad part of the business involving our livelihood.

low rates are fueling this boom. if the economy continue to tank then low rates will continue, and my comment above will move on down the road. at least, maybe we can protect our own children from the coming crisis.

Did it ever occur to you that some markets are vastly under supplied due to the lack of any new construction for several years, combined with a large influx of jobs and in migration from other states? That population growth due to immigration may be fueling other markets? That baby boomers are staying put and the younger generations are seeking houses to raise a family after getting an education?

Anybody can be right when they say “and once something changes in the economy to cause it to turn the tumble will start.” A broken clock is right twice a day.