I am thinking about submmiting my offer for an house in Schaumburg that was built in 1957. It is brick house in pretty good shape everything but I am not sure how long it is gonna stand.
Now I thinkg 1940s houses are too old, think about 10 years from now, the 1957 house will be 63 years, isn’t that too old?
Please comment.
thanks
apparently when a bank makes a loan, it creates new money
so why doesn’t the government borrow from domestic banks?
and don’t say that banks don’t have enough funds
in our banking system, you would be foolish to think banks had
the funds to loan out all the mortgages and credit they do
even the Chicago Federal Reserve state that money creation takes
place mainly in banks
if this is true, why can’t the Government borrow from their own banks?
Terminal and first mortgage of the Chicago and Great Western Railroad Company
we have problems like Chicago having the crime so bad a murder a day is happening and Arizona With there Illegals and mortgage foreclosures and jobs are gone and the wars we are in and to top it of earth quakes and floods ,Bird flu,we borrowed from china and they call the shots and nuclear bombs being made in Korea and Iran and don’t for get taxes and recalls on Toyota and bail outs for banks and car companies .what should one think with all this crap going on.
They do. They borrow from anyone who will buy their bonds. This includes domestic and foreign investors.
The banks are limited in the money the can loan because they must have deposits and keep 10% the in reserve. so if you deposit $ 100 they can loan 90. to someone and that 90 is deposited they must keep $ 19 in reserve so the next one can only be for $ 81 etc. Before the financial crisis Americans borrowed all the money they saved and used up the loans US banks could make. The banks could have loaned money to the government instead of home buyers but the made more money on mortgages so the did not, and that is the one of the reason we have a financial crisis, The banks wanted even more money to buy mortgages so they sold mortgage securities to foreign banks which is why the financial crisis is world wide,
when you say borrow, do you mean when the government sells Treasury notes that must be redeemed at a later date? If only domestic buyers had a demand for US Treasuries then money wouldn’t be coming from overseas, however our treasuries are more stable and there is a greater guarantee of getting a return on them. Interesting that when a corporation sells bonds they are not considered to be borrowing from bondholders. The purpose of selling these treasuries is to infuse capital into the system, where borrowing from domestic banks would have the opposite effect.
Mainly because it is unnecessary, cheaper not to, there is another method which gives the government complete control of the process and lets it not be beholden to a banker’s terms, and the government doesn’t want to crowd out lending to the private economy.
Kyle is correct, by long tradition, the government does not go to a bank lobby and fill out an application to take a loan from a bank. The government doesn’t have to do that because it can borrow all it needs by directly selling bonds at public auction. The national debt exists in the form of U.S. Treasury bonds.
Bond-buyers can then trade the bonds in the public bond markets, to investors worldwide, which is an important part of the international financial system. Since international investors can buy the bonds anyway, there is no reason not to allow them to participate in the original bond auction.
Historically speaking, you’re gearing up for a major change. Such as a revolution, or something like that.
It’s all planned this way. Order out of Chaos
Compare what you described above to the events proceeding the American Civil War…then I think you will realize how silly your question is.
yea we’ve always had problems, if u worry about em all you’ll just become a nervous wreck
i saw an article earlier about a homeless good samaritan who intervened between a man abusing a woman in the streets late at night. the man stabbed the homeless man while the woman fled, then the murderer ran. several people passed by him as he laid there and bled to death, the red pool surrounding his body… people have a problem screaming bloody murder nowadays. all you can do is not let all this chaos get to you. don’t become numb. slam your fist on the table. show your emotions well.
The whole western world is falling apart – and it’s not a coinsidence. Theories like the “new world order” are sensationalized to the point were people don’t believe them, but undermeath all the added-lies is an underlying message of truth. Our countries basically have no border control now, the “powers-that-be” are flooding our nations with third-world immigrants, muslims and so on, in order to create their “global” world governance. When national identity is gone, it’s all the more easier to introduce a world government system. People here (Europe) aren’t even allow to EXPRESS their opinions on issues likes Muslim immigration, third-world crime gangs and so on, because it’s now illegal. It’s ILLEGAL to THINK this! I mean, why no one is standing up to this yet is beyond me … but on the other hand, a wise man once said, “if a government does something gradually, the people will accept pretty much anything”. Hitler, Stalin etc. did things right off the bat, they started wars, invaded nations – and they failed because of this. Because the powers-that-be today are doing things slowly, gradually, changing things bit by bit, piece by piece, and before we know it, that “world government” with an elite ruling group, and limited liberty will be here. The time to stop it is NOW and to reclaim our nations. It’s time for the freedom lovers of the world to UNITE.
it’s just the recession, nothing too dramatic. Yea the u.s. owes some countries but alot of countries also owe the u.s. All those mortgage foreclosures were the bank’s negligence, loaning money to people who couldn’t pay it back and such. Men has been in wars since ancient times whether it was for land or money or just feeling superior. And why do you refer to illegals like if they were scum. They are hard working people, sure they got criminals amongst them but what country/race doesn’t. How is korea and iran gaining nuclear bombs the end of the world. They were going to eventually obtain it whether they got it right after the u.s. in the 40′s or if they got it in 2050. They want it so eventually they were going to get it. If they have it and they still haven’t attempted to blow up the world then I would assume they’re not as evil as everyone thought and they just wanted a powerful weapon to defend themselves, just like the u.s. and russia. Toyota was doing real good but they finally f*cked up and now they’re dealing with the consequences and could wind up like gm. All of this sounds perfectly normal to me. It’s just men doing what men have always done but more sophisticated now
Business as usual. The 1930′s were a much worse decade, the 1850′s were a much worse decade, the 1970′s were a much worse decade.
All of your problems pale when compared to other occurrences in US history. If you think Chicago is bad, research the Five Points Area of NYC from the 1830′s to the 1850′s. Many intelligent people disagree whether illegal immigration is a net positive or negative for the country. It is much easier to assimilate illegal aliens from Mexico and Central America than attempted integration after the Civil War.
The foreclosures and job losses during the Great Depression make the housing blip appear to be an economic boom time.
Natural disasters have been going on since the beginning of time. Look at the Galveston hurricane of 1900 which killed five times the number of people as Hurricane Katrina.
Spanish Flu of 1918 compared to the Swine Flu and Bird Flu. Which killed more people than World War I?
America has been in debt since Jackson’s Presidency.
The Doomsday Clock was the closest to midnight back in 1953, four minutes closer to midnight than we currently stand.
I’m not sure what you mean by taxes…America had much higher tax rates in recent times.
Toyota recalls are proving good for the American economy, allowing Ford and GM to recover quicker than most foresaw.
The bailouts are being paid back. The question of US involvement in banking institutions harkens back to the days Hamilton and Jackson fought. You don’t hear anyone claiming “I will kill the bailout or the bailout will kill me,” as Jackson claimed about the bank of the US.
So, think that it’s business as usual in the good ol’ USofA.
Every generation believes they have things better and worse than preceding generations.
Seriously, this is not the worst America has ever been. In fact, we seem to be doing a lot better this year than in recent years. But, as history can prove, as long as we have a westernized society, we will have times like this. Capitalism and republics *before you say we’re not a republic, America is a democratic republic as we elect people to make decisions for us* are harmful ways of running a society. The most stable of societies are the ones where everyone receives what they need, all people are valued for the work they do in the society, and leaders are people you can walk away from when they’re no longer leading. However, the westernized societies are so interconnected that one can not simply walk away from a leader. One has to completely move off the piece of land. But even then, we’ve made it so you cant just walk onto another piece of land and call it home. It’s very unbalanced, it’s always going to be tense, it’s always going to cause problems, and it’s balance of power leads the officials, and then the people, into a constant state of fear.
But in all fairness, a lot of your problems have nothing to do with America. Quakes and floods will happen. The bird flu didnt even start here. Every westernized economy borrows from every other economy (btw, thats how we got the form of slavery we call sweat shops, because we lent money to governments and gave them conditions they had to live by until they could pay us back). Recalls happen on all products now because we keep trying to figure out how to make them cheaper to increase profits (both by lowering the prices so more people buy and lowering the production costs). The Toyota recalls are nothing compared to the recalls we have almost every day (cribs that kill children, toys that contain lead, etc).
The nuclear bombs thing is ridiculous. It’s just a scare tactic not only on their part but on ours. Their government scares our government, and our government makes it seem even worse than it is so that we’re all gung hoe about going into war if they deem it necessary. If Iran and Korea have any kind of sense, they wouldnt ever set off a nuclear bomb. If they did, they’d be annihilated by the rest of the world. The fact of the matter is, if it was an ally of ours building a bomb, we wouldnt give a rats ***, but since it’s a group we’ve deemed our enemies, it’s a problem.
As far as taxes, I’m not sure what you meant by that. If you’re upset because you have to pay them, why not try living without them. Your tax money pays for infrastructure, medicare, safety and security (police, fire, hospitals, etc), and all sorts of things that make your day to day life possible. So that one is completely inconsequential and has nothing to do with anything falling apart. Unless, of course, you’re talking about the fact that we refuse to raise taxes to help fund the things we need. Then, by all means, I agree with you there.
Come to New Zealand! Ok it’s pretty boring here but nothing too terrible seems to happen either, the headline of my local paper (I’m from Nz’s 6th-ish biggest city) was ‘Picking up the droppings-’completely nuts” and was about a man who may or may not be asked to clean up the sheep droppings on his property, I being totally serious. But I think when that’s the headlines its probably a good thing, it means nothing really bad is happening here.