Big Al and all:
Good point about debt. I can get cheap money – real cheap money to look at buying another investment condo. I then wait patiently for the PM’s to escalate in value – pay off the cheap money – down the road – and you just added another real estate investment (hard asset) to the portfolio. San Diego is starting to take off again. If debt can be used as a bridge of acquiring an appreciating hard asset like RE that spins off cash – not necessarily a bad thing. Let your imagination work for you – but, be careful…and make sure you know what you are doing. :).
Marc

Traderrog says either buy a home for a place to live for all cash or mortgage it to the max. Bottom fishing is fine but understand these mortgages can be called for full payment if and when you bank says so if they get in serious trouble. Banks are headed in that direction. A paid for or rented home is best and forget the deductions. – Traderrog

Seems like Mineweb like`s Adam Smith too, http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=155721&sn=Detail&pi… `Surprising that gold safe haven appeal not more attractive – but this will change` also Anglo American Platinum – `Clearly a Bloodbath` operating costs are killing this industry(as a whole) in South Africa in my opinion Labor strikes are mostly at fault. Labor union see`s the world in much the same light as Obama does – marxism is it working ? Hell no….

I fully agree Big Al; but one correction sir- I seem to remember Glass/steagall was repealed under CLINTON not Bush, thanks to one Mr. robert Rubin! remember that crook??
thanks gents-Peace

Al,

You’re not confused. You are both right. Clinton and Bush made changes to Glass/Steagall.

Hi All, it certainly seems to me that the rules need to be simplified for instance” The banks can only take in deposits and lend the money they collect, no fractional reserve banking and secondly the currency shall be backed by gold. People who don’t believe that this is possible in Argentina you can’t get a mortgage when you buy a home you pay cash. That is my understanding and I will bet that the residential real estate prices are much more reasonable than even The US.

Secondly when you brake these rules as a banker you are first fired and secondly prosecuted. This seems harsh but there is nothing worse than having a national bankruptcy and all that involves,

Looking back at the repeal of Glass-Steagall, or How the banks caught Casino fever – seems from history Robert Rubin had recently stepped aside as Treasury Secretary, Rubin was at the time negotiating the terms of his next job as an executive without portfollo at Citigroup. But this was not public knowledge at the time. The Financial Services Modernization Act, also known as the Gramm-Leach-Bliley Act of 1999, formally repealed Glass-Steagall. Casino fever took over commerical banking industry. Rubin wasn`t in Clinton`s Administration at the time, he had left to pursue a new job at Citigroup instead. Another group of retards in Congress repealed Pay-Go under the Bush Administration that allowed Bush and others to go on a all out spending spree that has taken us down the tolet thus far. So betwwen the Banks and the U.S. Administrations of Presidents Bush & Obama we are up *hit creek without a paddle. We are all hoping the next President has some really high hip boots to wade through all this debt sitution without drowning in it first. http://www.rooseveltinstitute.org/new-roosevelt/looking-back-repeal-glass-steagall-or-how… http://www.commondreams.org/view/2009/11/12-8 are the links except the Pay-Go is what made/allowed Clinton to balance the buget in his 2nd term in office, a feat not attained since the Eisenhower Administration.

Al,
What happened to SOHO resources?
They used to be on you site.

Al….you need a new publication….””.THE PICKLE REPORT.”….
the invisable hand ,,,in the pickle jar….will resort in pickle prices going up…..
do not short the pickle market yet….until next week….the state fairs are starting in the
northern rust belts states…..If there is a shortage of large pickles in the 4 H submission for Blue Ribbons , then we know we are in a Pickle….

Glass-Steagall must be reinstated. It was actually Bill Clinton who dismantled Glass-Steagall as a political favor to Sandy Weill (then of Traveler’s Insurance). It is interesting that Weill now wants Glass-Steagall reenacted. Without this act, it means that any bank can take your cash, invest it, lose it and probably not be responsible for its loss.

The Federal Reserve is privately owned, it collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money(through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents have said this is fraud. http://www.worldnewsstand.net/today/articles/fedprivatelyiwned.htm After looking at this huge Ponzi Scheme called the FED is it not evident that trying to blame one man`s(Clinton) failure in signing into law the repeal of the Glass-Steagall that it was all his(Clinton) doing as to what happened to us now. I think you could make God the fall guy for what Satan was/is doing to us now too. In all and all its the taxpayers trusting whosoever, that trusted in others than for thinking for themselves that has got us into this mess. The Replublicans were in control of both houses when Clinton did the deed. What about the 2/3 thirds majority in its veto proxy they were afforded but did nothing, just went with the flow.