Midnightrider wrote on 09/18/12 at 07:12:14:Ron Paul and G Edward Griffin were dead on about the Federal Reserve. I cant understand why people arent more infuriated. The Federal Reserve has devalued our homes, all our belongings and our dollar. I've talked to many people who arent even aware of the audit. It was a phony cover up audit, we werent allowed to dig deep and they gave away more American dollars than the national debt. There's no telling the damage or the money given away that they have really done. I guess its legal and they are above the law. Our biggest enemy isnt overseas.
The feds devalued our houses only after they inflated our houses. In effect they pumped it up to keep the people un aware of the fact that the economy is in the dumpster from 2003-2006, bush needed it for 2004, where he could say "Our economy is recovering nicely after slipping into recession following the september 11th attacks" - Look it up ... one sentence with 3 lies ... Recovering nicely - only housing which was a un sustainable bubble, recession was on before 9/11 ... and what he didn't say - we're pumping the bubble by running interest rates @ un sustainable lows.
03-06 up, 06-09 down 09-12 flat (atleast mine is). If you live in CA or FL you may be different.
However if there was no fannie and freddie will houses be worth more or less ... IMHO, less, alot less, but it also will be cheaper to build, land will be less etc etc ... costs less and is worth less, and we would have people who know what goes into building a house ... not clueless fools who buy what they see for whatever price and then get disappointed.
Cool.
Srinath.