nathanael
Cosmopolitan
: “Die Wahrheit macht frei und ist das Fundament der Einheit (John Paul II)
Posts: 636
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Post by nathanael on Mar 20, 2008 4:21:06 GMT -7
If, as Stiglitz says, "the main problem was the fact that an estimated 2 million Americans were going to lose their homes because they could not pay mortage which exceeded the value of their property as house prices fell dramatically?" the first thing to ask is, Why the prices of property fell dramatically, and the second thing to ask is, What can be done about it? The prices do not just fall down by magic. There must be a reason. And there also must be a way to double or triple the prices artificially ... to not only save the house owners ability to refinance, but also to enable the housing industry to build more housing!
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Post by Jaga on Mar 29, 2008 22:35:31 GMT -7
here is an interesting video which shows that in the past dollar was really the equivalent of the silver/gold (silver certificate), not just a piece of paper:
US Dollar is already worthless
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