tag:blogger.com,1999:blog-878781244953948813.post3222805897042933394..comments2023-09-22T20:53:43.819-07:00Comments on How Business Happens: Credit Cash Money - Fallback PositionsUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-878781244953948813.post-70595727914723069722016-05-01T09:33:31.883-07:002016-05-01T09:33:31.883-07:00Well all prices have risen, when counted in malcre...Well all prices have risen, when counted in malcredit and not money. you could get a gallon of gas for 2 silver dims in the 1960s, and you can today as well.<br /><br />People often got home loans from Savings & Loans or credit unions, where the money was local and the rates were low enough to cover expenses. But there were also fraternal organizations helping out (Eagles, Forresters, Masons, etc) and loans were assumable. If you had a 30 year loan and needed to move, you could transfer the home loan to your new buyer or your kid. If the payments were made, who cares? It was a completely different world.<br /><br />Malcredit wiped out the Savings and Loans industry, and the hegemon loved when interest rates dropped from 9% to 6%, those who could afford payments on a $200K house could now afford the payments on a $300k house. Did the buyer get a $300K house? Nooooooo! The buyer paid $300k for a $200K house. And the tax revenue just jumped up 50% without a vote!!! Yay for the hegemon!<br /><br />Follow that from 6% down to 3% and lower interest rates...<br /><br />John<br />John Wiley Spiershttps://www.blogger.com/profile/17912149116679736768noreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-6714890105644605132016-05-01T07:07:21.291-07:002016-05-01T07:07:21.291-07:00Just the other day Spanish construction workers fo...Just the other day Spanish construction workers found a trove of 1,300 lbs. of bronze Roman coins dating back to the 4th century A.D. According to archeologists, the initial hypothesis is that the money was used to pay taxes to the Roman government. It's ironic how history repeats itself and truly bizarre how <br />an escaped U.S. slave is shown on American currency (as you pointed out). One can only imagine what the value of the Roman coins mentioned above would be if they were from 33 A.D. instead of 333 A.D. or gold and silver instead of bronze.<br />http://www.cnn.com/2016/04/29/europe/spain-roman-coins-found/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-37533850592864364912016-05-01T06:43:10.148-07:002016-05-01T06:43:10.148-07:00Hi John,
Does the usury system or mal-credit infla...Hi John,<br />Does the usury system or mal-credit inflate asset prices? I'm thinking of home prices and mortgages in particular. I remember hearing my parents and other old people talk of the days in olden times when one could buy a single-family home for the price of a new car today, $20k - $30k (and I'm not talking about Detroit here, but normal, nice homes in good areas). Even modest homes today can be very expensive. I don't remember them saying anything about mortgages and interest, and I'm not sure of how homes were bought and/or financed back then.<br /><br />Anonymousnoreply@blogger.com