The dollar was once based on gold. When America went off the gold standard, what took its place? I believe it was real estate.

The treasury secretary stated before congress that the bailout was about 5% of the G.D.P. and was largely bad home loans. Five percent of bad paper is similar to a vacancy factor or L.T.V..

Its hard to believe that this is the real issue. We have talked to allot of knowledgeable people and something doesn't make sense.

Does anyone think 95% of good paper is bad for the economy. We would be very happy if we had a portfolio or any investment that only went down 5%.

Do you think Americans are being told the real issue?

 

When America went off the Gold Standard did Real Estate take its…
10/01/2008
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The dollar was once based on gold. When America went off the gold standard, what took its place? I believe it was real estate. The treasury secretary stated before congress that the bailout was about 5% of the G. D. P. and was largely bad home loans… more
 

Thor&Kathy Were Americans Not Americants Lundh

White Salmon, WA

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Real Estate America Ltd.

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When America went off the Gold Standard did Real Estate take its place?


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