See: New-Home
Incentives: Who Benefits More -- Buyer or Builder's Affiliate? by
Kenneth R. Harney, Washington Post Ole
Bear, Editor Nightmare
on Constitution Avenue We provided some interesting links. The interactive calculators at FM Policy Focus are a real stitch. Just downright scary. Go play with 'em. Over the week-end Larry Becraft down in Huntsville, Alabama sent us some information on the Kennedy C. Scott versus the Federal Reserve Bank of Kansas City, from the US Court of Appeals for the Eight Circuit, on an appeal opinion for this case. by Circuit Judge Melloy for the Western District of Missouri: "We now hold that the Federal Reserve Bank of Kansas City is not an agency of the federal government for purposes of Fed.R. App. P. 4(a)(1)(B), and accordingly dismiss the appeal as untimely." This was a race discrimination case filed by Kennedy alleging discrimination by various Bank employees. This makes for an interesting read. Here is the link to the Appeal Opinion by Judge Melloy. Gee whiz! -- the Federal Reserve Bank of Kansas City is not an agency of the federal government.... for the purposes of the discrimination case. Could we deduce that the rest of the Federal Reserve Banks are not agencies of the federal government as well??? If that be the case, could we then deduce by simple logic that the whole Federal Reserve System is not either, and is nothing but a private central banking cartel???? If it walks like a duck and quacks like a duck, it certainly isn't Frosty the Snowman. However, the Boys that created this private central bank calling it the Federal Reserve, sure hoodwinked a lot of folks back in 1913. There are some interesting real estate related links noted above on builders steering buyers to mortgage lenders, folks quitting jobs to make a fortune flipping real estate like burger boys at McDonalds, and possible bubbles floating around in some real estate markets. You be the judge on that bubble thing. Even the Oracle of Omaha has an opinion. In the Field essay we are treated to a great word -- devolution. We also found a few gold related articles of interest from some of our favorite gurus. In the Bob Landis essay at Golden Sextant linked above, the author penned a satirical futuristic calamity that makes for a most interesting read since we talked about the Argentina Financial Meltdown in Waking Up to a Bad Hair Day. This is a must read: US
Economy Brought to Standstill WASHINGTON, DC (Reuters) - Americans in major cities took to the streets again Monday, in protest against a sweeping set of financial measures ordered to shore up the country's collapsing financial system. We got the title for today's 4Rs from Author Landis and his essay -- nope, we didn't think of it ourselves. I am wondering what Joe and Jane Six-Pack are going to do when gasoline hits $4.00 a gallon? When interest rates on their ARM pop up to 8%? Will they vote Democratic or Republican for another credit fix? Will they understand about sound money backed by specie, or will they just remain in the dark -- forever? Will they go along with every austere financial measure coming out of the White House and the US Congress in a financial meltdown [nuclear implosion]??? Will they ride to work on bicycles? or will they just hoof it? That is if they still have a job? I don't know -- but I do worry about the folks on Main Street America. Financial devolutions [implosions] hurt a lot of folks. In that scenario, real estate won't help folks very much. However, precious metals just might. Yours Truly,
Ole Bear, Editor © 2005 Realty Reality |
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