On 8 Aug 2004 10:30:15 -0700, jim rozen
wrote:

In article , Gary Coffman says...

There isn't nearly enough gold in Fort Knox to cover the debt.

Right, but it's easy and it's a start.

The trouble is, when you flood the market with that
gold, doesn't the price go down?

Likewise, if you start dumping federal lands onto
the market, isn't *that* going to depress the
market?

Jim

And the problem with that is? Then those of us who would like 40
acres and a mule could get them.

We are long over due for an implosion of the housing market anyways.
Talking to a friend of mine in LA Thursday. He bought a house in 2001
for $135k. It was just assessed at $359k. And has the property tax
increase to go with it.
Sooner or later..the price will reach the point that no one can afford
a house. Particularly as the incomes are not increasing in parallel.
At that point..those who bought high dollar crackerboxs will be so
upside down, that bankruptcy will be the only choice..and when enough
do this...the whole house of cards comes tumbling down.

Its happening now in California. Companies are still moving out , the
population is getting smaller as families are moving out and being
replaced by aliens, who cannot afford the housing, the taxes or the
regulations.


Gunner

"There is no difference between communism and socialism, except
in the means of achieving the same ultimate end: communism
proposes to enslave men by force, socialism - by vote. It is
merely the difference between murder and suicide."
- Ayn Rand, from "Foreign Policy Drains U.S. of Main
Weapons"