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alstry (35.98)

Iran BUYING Gold BIG Time,,,,

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October 31, 2010 – Comments (4)

Iran Switched 15 Percent of Foreign Exchange Reserves Into Gold, Mehr Says

http://www.bloomberg.com/news/2010-10-31/iran-switched-15-percent-of-foreign-exchange-reserves-into-gold-mehr-says.html

Just more good news for the dollar now that we KNOW the Fed doesn't give a damn if we pay $500 per gallon for gas.....even as wages are crashing......and home values head to zero.

"In fact, if the increase in oil prices is gradual, the persistent rise in inflation can cause a GDP expansion."

http://www.federalreserve.gov/pubs/ifdp/2010/1009/ifdp1009.pdf

Fraud makes strange bed partners....

4 Comments – Post Your Own

#1) On October 31, 2010 at 7:48 PM, TMFAleph1 (95.22) wrote:

Home values are headed to zero? That's a new one on me...

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#2) On October 31, 2010 at 9:46 PM, alstry (35.98) wrote:

Not if you have been reading my blog.....

In my neighborhood, property taxes range from about $10K to $60K per year....plus maintenance, utilities, and insurance and you are looking monthly expense around $1,500 to $8,000 per month WITHOUT any mortgage.

Not too many miles away are homes that used to be mansions that can be barely given away.......

As more and more businesses shut down, more and more physicians get fired and hospitals close, and unemployment and underemployment continues to rise.....expect fewer and fewer to simply be able to maintain homes.

It is simply the outcome of a Zombulation policy.....always has and always will be....

If hyperinflation kicks in....expect the monthly heating cost of a home to exceed most family's monthly incomes.......you obviously do not much experience with zombulation.

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#3) On October 31, 2010 at 11:24 PM, JerseyShoreGirl (< 20) wrote:

Will hyperinflation kick in if (like you have said) credit is cut off from the consumer and the $ never really gets into circulation?

Will hyperinflation cause home values to go up?

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#4) On November 01, 2010 at 2:52 AM, Valyooo (99.48) wrote:

How would house pricing go to zero?  Are people going to suddenly choose to be homeless?

Housing shortage + inflation = higher housing prices

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