wabio (November 30, 1999 at 12:00 am)

"....this wasn't real investment...." This is exactly what Peter Schiff said when he won his penny bet vs. Art Laffer. Unfortunately, hindsight is 20-20.

dold1tflkin (November 30, 1999 at 12:00 am)

GOOD EXPLANATION, IT'S JUST THAT IT'S WRONG. the economy as it is is dependant of constant growth , because of interest. Just imagine constant growth in a closed system - a bobble (inflation) , and a blow. read people! You tube does not have it all. search with your heart . the truth is out there.The Natural Economic OrderBy Silvio GesellTranslated by Philip Pye M.A.

rbmaserang (November 30, 1999 at 12:00 am)

knowledgeaboveall &yakyakyak69 are two idiots. the two of you need to go to a real university and take some economics courses before you post your brain vomit. Seriously, ignorant statements like the two of yours, are offensive, because people like you are full of crap. YOU ARE IGNORANT UNEDUCATED SCUM.

rbmaserang (November 30, 1999 at 12:00 am)

@PeterSodhi i think that one is closer tied to marr- iage

gunthaarz (November 30, 1999 at 12:00 am)

The system is rigged. They dont care if the banks go bust. What they want is to buy the property cheap from a broke population that becomes tenants who cannot pay interests on their own property but just pays to be able to live under a roof, and gets nothing: no savings, no house at the end, no property to leave their children. They want money for nothing. We ALL become serfs.

5959512 (November 30, 1999 at 12:00 am)

Is there stilll money to be made in this type of situation ex. buying wholesale at 250K or is this still a bad market to invest in.

YusefAsabiyah (November 30, 1999 at 12:00 am)

I think the problems with this analysis would be cured if you spoke in terms of wealth TRANSFER rather than wealth destruction.

mike11022 (November 30, 1999 at 12:00 am)

Just one small error, the seller of the first house gets 920K after paying off his 80K loan after selling the house for 1M. He does NOT get his initial 20K down payment back. That would be absurd.

gibnaroomy (November 30, 1999 at 12:00 am)

wow, your hindsight is 20/20

pagalmadman1 (November 30, 1999 at 12:00 am)

but in the modern times.......money creation depends on the debt....as more the loans are more money banks create....look for money as debt videos.......