Chancer

Are We Becoming a Nation of Renters? Investing for the New Housing Dynamic

If Obama, Pelosi, and the rest of the liberal Democrats have their way, we will become a nation of renters and public transportation commuters with few Americans owning homes and cars. They want us to be just like Europe.

The way there will be a value-added-tax in Obama's second term (if re-elected) which will cause a huge increase in the cost of living, decrease living standards, and stop Americans from saving or accumulating wealth; causing more and morer people to live paycheck to paycheck and to become more dependent on handout from a socialist liberal Democrat government.

The 10 Worst Mining Jurisdictions in the World

The Bolivian rating is particularly interesting in the context of all the hype about their lithium reserves.

It confirms what I have said in several comments.

Four Bargains in U.S. Integrated Oil Stocks

The McDep ratio is the age of Johnny Depp divided by the IQ of Ronald McDonald.

We’re Paying for Health Reform with Another 'Alternative Minimum Tax'?

As I understand it, the CBO accepted 10 years of revenues measured against only 6 years of expenses, as the healthcare program does not become effective for 4 years.

By all accounting standards that would be considered fraudulent.

It also guarantees that the second 10 year decade will be revenue negative contributing to the deficit.

Of course, this assumes that you believe the Federal government's ability to be even close on financial estimates, budgets, revenue and cost projections. When have they ever? The track record predicts otherwise.

U.S. in Worse Shape than Japan Was

Japan is unable to pay its debt. They can only pay interest.

Is the USA heading to same?

Yes, The House Health Bill Costs More than $1.2 Trillion

I recently read some health insurance industry professionals predicting that only 2 million will sign up for the public option. Since the public option is the real point of the Obama and the Democrats, doesn't that mean this cost $650 million per person in the public option ($1.3 T/2 M). And that does not even include the cost to seniors in Medicare Advantage absorbing a cost (loss) of $500 billion.

Obama and the liberal Democrats may make a huge "profit" (oh, that dirty 5-letter word) to pay for other socialist programs.

If only 2 million sign up, it will be so embarrassing that they might have to go back and change the program to include free healthcare for 12 million illegals.

Lithium: Bolivia Wants Partners, Not Pillagers

Bolivia is good for just one thing only.

If you retire in the USA, and:

Your Social Security pays $2,000 per month.

Your Medicare costs $1,000 per month.

Your real estate property taxes are $10,000 per year.

Your electric bill is $1,000 per month.

Your water bill is $200 per month.

A loaf of bread costs $10.

A gallon of gas costs $20.

You can move to Bolivia and get all those things cheap: groceries, housing, utilities, healthcare, and taxes.

And if you have to get 24 hour nursing care or move into a nursing home, that is cheap too.

Catching Argentinian Disease

What will Obama do assuming he gets re-elected to a second term?

I am convinced he will NOT raise INCOME taxes on the middle class, because the Democrats will lose power with a middle class revolt.

They cannot get enough in tax revenue from raising taxes on the wealthy.

What I believe Obama and the Democrats will do is give us a value-added-tax (like Europe). This may begin low; and later be increased. It may begin with products only, exempting food, services, drugs; and later be increased and cover more up to 100% of all purchases.

This is a easily hidden tax. Politicians can lie about the amount and affect. It will be a huge tax revenue gain for socialist liberals and central planners- a dream tax for socialists. Nancy Pelosi said we need a VAT to level the playing field with Europe. That means raise our taxes and decrease our standard of living to be more equal with Europe; because liberals believe it is just so unfair that Americans should do better then Europeans.

The VAT tax will harm economic growth, job growth, savings, and cause a huge decline in American living standards. Americans will become a nation of renters and public transportation commuters. Home and car ownership will be rare.

Lithium: Bolivia Wants Partners, Not Pillagers

Quote: "At a future stage, Bolivia plans to develop a battery plant and perhaps, in conjunction with foreign firms, battery-powered automobiles, but this will require an investment of US$1 billion. .... And he was clear that the Bolivian state would own the lithium industry, while foreign companies need to accept the role of “partners not owners.”

Do foreign companies want to be partners with the Bolivian socialist government?

Do companies want to manufacture batteries and autos in Bolivia, and have export transportation shut down for many weeks?

That's what happens when Bolivia has a nationwide transportation strike. They block all the roads. The government does nothing to keep the roads open.

Bolivia has no ocean port and no through railway. Export transportation moves by truck.

I predict that Bolivia's lithium will remain in the ground. Foreign companies may do a little R & D and "explore" Bolivian opportunities. But in the end, Major foreign companies will not remain in any long term deals with Bolivia.

China in a Bubble?

As a state controlled economy, China has something that the USA and other nations in bubbles seldom have: huge cash reserves.

China has the money to deal with all of the above.

Gold Is Not in a Bull Market

And what does just about everybody agree is around the next corner: INFLATION, big time!

Gold Is Not in a Bull Market

And what does just about everybody agree is around the next corner: INFLATION, big time!


On Nov 02 03:08 PM Chancer wrote:

> If you believe there is no inlfation, you have to believe the U.S.
> government?
>
> Do you believe the U.S. government?
>
> I believe the low (government) inflation numbers are tainted by the
> drop in both oil prices and housing prices.
>
> But how about food prices? How about utility prices? How about the
> price of about everything else we buy?
>
> Either the price is increasing or "they" are down sizing packages
> and services and selling for old price.

Gold Is Not in a Bull Market

If you believe there is no inlfation, you have to believe the U.S. government?

Do you believe the U.S. government?

I believe the low (government) inflation numbers are tainted by the drop in both oil prices and housing prices.

But how about food prices? How about utility prices? How about the price of about everything else we buy?

Either the price is increasing or "they" are down sizing packages and services and selling for old price.

Cost of Jobs 'Saved or Created'

There is obviously an "incentive" (like stimulus money) if companies over report new jobs or jobs saved; because over reporting is what they got.

You cannot trust the government's numbers.

The real unemployment number is 20%.

The 3% GDP growth is government jobs plus car sales and home sales that were pushed backward due to cash for clunkers and housing credit. Private business not participating in growth.

Bill Gross said the "new normal" after the recovery is permanent unemployment of 8%- double what it was before recession.

Cap and Trade Would Sink the U.S. Economy

EU just AGREED that European countries will PAY emerging countries to combat global warming. The argument goes that developed countries are responsible- the old guilt trip- and emerging economies lack the money. So, developed countries must pay them to get them to sign on.

What is going to happen when Obama tells American taxpayers that we have to pay for global warming efforts in China and other emerging economy countries?