Learn something important about finances....and your life...

[ilikegurlz]

This is a great little video about how the US Fed runs everything in your life...

Educate yourself for 30 minutes...maybe time to buy a cabin in the woods, Gold, and a Gun...

The American Dream....

<iframe width="420" height="315" src="//www.youtube.com/embed/t1NVPEg1jrQ" frameborder="0" allowfullscreen></iframe>

 

[chilli]

If you don't own a home in Vancouver (NA society) you are thought of as a "loser".

My credit card balance is zero.

The majority of people don't care (look at how many bumps this thread got).

 

[Elmore]

If you don't own a home in Vancouver (NA society) you are thought of as a "loser".

My credit card balance is zero.

The majority of people don't care (look at how many bumps this thread got).

Not so much a loser...but I don't know very many people doing well financially who do not own a home. And by doing well I don't just mean debt free.

I am sure Ron Paul approved that video.

 

[ilikegurlz]

Listen up people...This is the Truth and it is coming our way...

This is a great little video about how the US Fed runs everything in your life...

Educate yourself for 30 minutes...maybe time to buy a cabin in the woods, Gold, and a Gun...

The American Dream....

<iframe width="420" height="315" src="//www.youtube.com/embed/t1NVPEg1jrQ" frameborder="0" allowfullscreen></iframe>

 

[steverino]

Historically, homes have not been a good investment. http://robbreport.com/motley-fool/housing

 

[sevenofnine]

Never watched the vid,
but my two cents.
I kind of think the way we do things are unsustainable. Society everything is going in the wrong direction.
I am old, so what the hell does not really matter for me,

My kids are the ones who are going to have to deal with it,
The mess we left them.

 

[EuroSZabina]

Historically, homes have not been a good investment. http://robbreport.com/motley-fool/housing

I agree and I dissagree
It depends where and when you buy a properly it could be the Best investment

 

[Peyton Anders]

 

[westcoast555]

Historically in Vancouver homes have been a very good investment.

My Dad bought a house for 243K in 1982. It's on the market for 2 mil now. Too bad his ex wife owns it.

He bought a house in 79 for 90K, it sold for 550 in the late 80's. Probably worth 2-3 mil now.

Houses are forced savings and depending where you are ( certainly in a desirable and growing area like Vancouver ) real estate is a good investment. Ask people who bought in Whistler in the 70's.

 

[kinky_guy]

It's simple, I bought a home to live in and I really don't worry about the value at any given time. If I was going to sell, perhaps. Unless you buy a rotting condo chances are your home has gone up in value. I'm still waiting for the massive price drops I've been hearing about for almost ten years......

 

[gonzo]

This is a great little video about how the US Fed runs everything in your life...

Educate yourself for 30 minutes...maybe time to buy a cabin in the woods, Gold, and a Gun...

The American Dream....

<iframe width="420" height="315" src="//www.youtube.com/embed/t1NVPEg1jrQ" frameborder="0" allowfullscreen></iframe>

Oh my God Barry was right all along !!!!

 

[ilikegurlz]

Ha Ha Ha ...Peyton and Gonzo!!!

But I think things are going to change drastically in our lifetimes....and it will not be for the better.

Maybe time to learn some Mandarin...or maybe Russian if Putin keeps ballin'....Just Sayin...

BTW...This is NOT about buying property in Vancouver...

It is about a collapse of our financial systems due to the US Fed and the IMF printing money and not being accountable to any Government or Country...They are their own Masters with their own agenda.

 

[PlayfulAlex]

It's simple, I bought a home to live in and I really don't worry about the value at any given time. If I was going to sell, perhaps. Unless you buy a rotting condo chances are your home has gone up in value. I'm still waiting for the massive price drops I've been hearing about for almost ten years......

Ha Ha Ha ...Peyton and Gonzo!!!

But I think things are going to change drastically in our lifetimes....and it will not be for the better.

Maybe time to learn some Mandarin...or maybe Russian if Putin keeps ballin'....Just Sayin...

BTW...This is NOT about buying property in Vancouver...

It is about a collapse of our financial systems due to the US Fed and the IMF printing money and not being accountable to any Government or Country...They are their own Masters with their own agenda.

There are many videos/documentaries about the truth behind the money system in which we are forced to operate. It makes sense to keep ourselves educated.

As for housing being forced savings, a house is not your asset. It is the bank's asset and your liability until it's paid off. As long as the value of your house appreciates beyond the total you paid, including the interest, plus the cost of maintenance, then you could argue that it was a forced savings plan. But if your $100,000 home cost you over $200,000, you must factor the true costs in, before you evaluate your 'profit' on any sale.

On the other hand, mortgage rates have never been lower, while price values in Vancouver have remained reasonably steady over the last number of years.

http://www.investopedia.com/university/mortgage/mortgage4.asp

 

[skyisthelimit1]

Historically in Vancouver homes have been a very good investment.

My Dad bought a house for 243K in 1982. It's on the market for 2 mil now. Too bad his ex wife owns it.

He bought a house in 79 for 90K, it sold for 550 in the late 80's. Probably worth 2-3 mil now.

Houses are forced savings and depending where you are ( certainly in a desirable and growing area like Vancouver ) real estate is a good investment. Ask people who bought in Whistler in the 70's.

That pretty good turn around on the investment but I think you forgot one factor. Inflation.

 

[sdw]

Anybody that served in the military knows that their government is doing everything possible to reduce their access to medical services and to reduce their pension. The USA has already "rewarded" their veterans and has now reversed the policies on Gay, Tattooed and Pierced soldiers. Thanks for your service folks, enjoy being homeless, you were needed as canon fodder and now you are just an expense that Congress needs to cut. Canada is also well along with reducing access to medical services and have this real neat deal that is offered the second the soldier steps on Canadian soil, take this check or be homeless while you wait for a paycheque that is never going to come. Australia is the latest onto the "thanks ever so much, you unneeded baby killers" bandwagon. Australia is debating a new law on military pensions.

It could almost make a civilian feel unloved, couldn't it?

Well, not to worry, the Canadian government has found a way to assist corporations in "adjusting pensions to the new reality". It is a plan to reduce defined benefit pensions with "shared risk" pensions. That's right, when the corporation "invests" your pension money in better pay packages for very senior executives, that "investment" need not be paid back.

http://www.cbc.ca/news/politics/ott...nsion-scheme-but-not-budging-on-cpp-1.2620242

 

[ilikegurlz]

Without central banks and their fiat money, we wouldn't have the wealth we have today. International trade would still be plagued by tariffs and duties and exchange rates would be a nightmare. The gold standard works only for large countries that can force excess exports on other countries (run a perenial trade surplus) or can close their borders to imports. Failure to do so results in a net loss of currency and thus a a domestic economy starved for capital.

As for property pricing, over the long term, they can only rise in line with household incomes. The rapid rise in property prices over the last few decades were driven by the increase in women in the workforce and the increase in the wages that they are paid for their work in relation to men's wages for work of similar value. Average individual real earnings have been dropping since the early 1970's. People can only afford to spend a certain percentage of their household income on housing. Eventually, there will be a wall where there will not be enough buyers to sustain prices that rise faster than incomes. At that point there will be a change. It's a mathematic certainty. Either real earnings will begin to rise (and how likely is that in a world of outsourcing and temporary foreign workers?) or housing prices will stall (or fall) into line with incomes.

Peaceguy, I agree with some of what you have posted...Yet...

There MUST be a "Gold Standard" for Worldwide currency otherwise the strongest country with the strongest currency at the time will hi-jack it...Richard Nixon comes to mind...

My point is that NO WESTERN COUNTRY is in charge of their debt...it is in the hands of Bankers who have NO Allegiance to that specific country...

They can, and are controlling how the Governments/Markets/Economies are playing out in almost every country...

I am not paranoid....But my eyes are open...I will buy a little gold, maybe a piece of land OTG, and maybe a gun...Just in case...

Either it will be the BANKERS....OR...THE ZOMBIES....

or neither...

 

[westcoast555]

You can factor inflation in and it's still a good deal

 

[ilikegurlz]

Of course western countries are in charge of their debt. They collect taxes, duties, fees, tarriffs and interst on investments and spend money on programs, investments and servicing their debts. If they consistenly spend less on their programs and investments than they take in in income they would eventually have no debt. As they establish their income regimes and select their spending priorities they are clearly in charge regardless of who is holding their debt.

The real problem isn't the central bankers. It is that citizens choose not to pay the full price for the programs they allow politicians to spend money on. They cut themselves sweetheart deals with politicians, accepting programs at below cost in return for their votes. Basically, citizens take bribes from politicians who are giving them their children's money. Give me a tax and spend politician any day. At least they are better that the borrow and spend politicians of every stripe we seem to have had for the last 40 years.

Again... I agree and disagree with you here.

Yes...The real problem is the central bankers

The Governments have to pay interest on their `LOANS`` from the FED...Example is the USA collecting taxes, Personal and Corporate, to run the country...But wait!!!!

They also have to pay the interest on their loan from the FED...Which is a HUGE PIT OF DESPAIR because it will never be paid off....That is where most of the US tax revenues are going....Therefore the deficit and debt will continue to grow...

Yet the US FED...Who prints Dollar Bills...IS NOT PART OF THE GOVERNMENT...IT IS A PRIVATE BANKING CONSORTIUM who answers to NO Government...it is a private entity...I think that is kinda scary...

Picture yourself with a Visa Bill you cannot pay off, yet you must continue to spend money, it will get to the point when all you are paying every month is.... JUST THE INTEREST PAYMENTS....NOT THE ORIGINAL LOAN...

This is where Canada, the USA, and most western countries are RIGHT NOW...in debt to the banks...who owe no allegience to anyone but themselves...

I appreciate your intelligent comments on this Peaceguy ...But I am pretty sure in our lifetime we will see a shitstorm of some kind because of this monetary policy.

All the best...

 

[ilikegurlz]

Yes it is.
Government debt to private central banks is fictional.
Why should governments at any level pay to borrow money?
If the government decided to eliminate this debt, who would be harmed? Why should the people of a country pay a bank for the privilege of currency based on its own economic output?
Money should be created by government and spent into existence on services and infrastructure. Money should be available to all levels of government for borrowing at zero or negligible interest rates.

LuckyDick...Did you watch the Original Video I Posted...

It explains exactly why and how Governments got into debt to the central banks....

Google the US FED...it is a private corporation that just so happens to print US Dollar Bills...Yet is not answerable to the US Government...BTW, The US GOVERNMENT CANNOT PRINT MONEY...Only the FED can...

It is a Central Bank that loans the Dollar Bills that it prints out of thin air to the government at interest...

Who do you think is really in charge....

 

[ilikegurlz]

PeaceGuy...I only have time right now for a quick reply....

The United States Government, The US Senate, The US Congress, The President Barack Obama...

All of them CANNOT PRINT US DOLLARS....

The FED, which is a PRIVATE BANK....NOT PART OF THE US GOVERNMENT...Is the ONLY PLACE THAT PRINTS US CURRENCY...
Then they loan the dollar bills That it prints out of thin air....to the US GOVERNMENT at INTEREST....

Taxes from Individuals and Corporations are only paying off the interest portion to the FED....See my Visa Payment analogy above...

They got us by the short and curlies...