• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Leveraged to the hilt...

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#2

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
26,266
Likes
31,492
#3
Household debt service payments as a share of disposable personal income in the United States from 1st quarter 2011 to 2nd quarter 2018

Share of payments in incomeQ1 '11Q3 '11Q1 '12Q3 '12Q1 '13Q3 '13Q1 '14Q3 '14Q1 '15Q3 '15Q1 '16Q3 '16Q1 '17Q3 '17Q1 '18
9.8%10%10.2%10.4%10.6%10.8%11%
Q3 '14• 10.02%


1.jpg










© Statista 2019
About this statistic
Show source

https://www.statista.com/statistics...tage-of-disposable-personal-income-in-the-us/
 

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
26,266
Likes
31,492
#4
Share of non-performing loans held by banks in the United States from 1995 to 2017

Share of non-performing loans in total loans1.25%1.25%1.11%1.11%0.99%0.99%0.95%0.95%0.96%0.96%1.02%1.02%1.3%1.3%1.47%1.47%1.3%1.3%0.96%0.96%0.77%0.77%0.73%0.73%1.01%1.01%2.21%2.21%4.7%4.7%5.3%5.3%4.5%4.5%3.95%3.95%3.04%3.04%2.21%2.21%1.67%1.67%1.47%1.47%1.22%1.22%'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16'17
0%1%2%3%4%5%6%
'12 • 3.95%





2.jpg







© Statista 2019
About this statistic
Show source
 

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
26,266
Likes
31,492
#5
Home mortgage debt of households and nonprofit organizations in the United States from 1st quarter 2012 to 2nd quarter 2018 (in trillion U.S. dollars)

Debt in trillion U.S. dollarsQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018
0102.557.512.5
Q1 2016• 9.62



3.jpg









© Statista 2019
About this statistic
Show source
 

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
26,266
Likes
31,492
#6
from the charts, you can see servicing debt with income is not a issue yet, non-performing loans in the US are down, and mortgage debt hasn't exploded as it did in the past

here is another example:

United States Households Debt To GDP



Households Debt in the United States decreased to 76.60 percent of GDP in the second quarter of 2018 from 77.30 percent of GDP in the first quarter of 2018. Households Debt To GDP in the United States averaged 58.13 percent of GDP from 1952 until 2018, reaching an all time high of 98.60 percent of GDP in the first quarter of 2008 and a record low of 23.80 percent of GDP in the first quarter of 1952.




https://tradingeconomics.com/united-states/households-debt-to-gdp
 

Scorpio

Скорпион
Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Joined
Mar 25, 2010
Messages
26,266
Likes
31,492
#7
so having seen this, could it be the author above is trying to play the 'world game'?

where the world debt problems due to socialism are our problem?

where the article intentionally uses world data to arrive at their metrics, and to pave the way for what comes?

just a thought
 

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
Midas Member
Sr Site Supporter
Joined
Apr 2, 2010
Messages
14,231
Likes
24,380
Location
ORYGUN
#8
Debt ? I don't play their game. I used to, when I was young & had to. Now, fuck'em, if I can't pay for, I go without. :oriental:
 

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#10
Just had a thought, what if the debt bomb never goes off? What if the long play is to have everyone work not for money or other reward but for whatever TPTB decree one needs...?
BitCoin? They have to keep currency agnostic so it remains portable and flows easily.
 

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#11
Debt ? I don't play their game. I used to, when I was young & had to. Now, fuck'em, if I can't pay for, I go without. :oriental:
I'm carrying some debt(mostly my home mortgage) but I easily have the funds and if needed and if it remains available, equity, to satisfy them all. Rather than pay them off I'm hedging my bets, especially because of low interest rates the cost of carrying the mortgage, as well as adding in the tax break on the interest, let's me sit around and see which would be the best card to play
 

kiffertom

Seeker
Seeker
Joined
Mar 31, 2010
Messages
242
Likes
188
#13
I'm carrying some debt(mostly my home mortgage) but I easily have the funds and if needed and if it remains available, equity, to satisfy them all. Rather than pay them off I'm hedging my bets, especially because of low interest rates the cost of carrying the mortgage, as well as adding in the tax break on the interest, let's me sit around and see which would be the best card to play
do you get more money back on your taxes than you pay for interest? at this time in my life i dont want to owe anybody anything!
this scares the shit out of me.
https://www.illinoispolicy.org/cart...tax-hike-in-city-history-to-pay-for-pensions/

Pension costs now consume nearly 70 percent of the city’s annual property tax levy. It may not be enough.
Pension costs are driving property tax increases across Illinois, including a historic hike in the southern Illinois city of Carterville.
Carterville City Council members voted Nov. 13 to hike the city’s property tax levy by more than 30 percent, a measure prompted entirely by public safety pension costs, local leaders said. Nearly 70 percent of the city’s property tax revenue will now go to police and fire pensions.
https://www.bnd.com/opinion/editorials/article215842285.html
Your second installment of property taxes in St. Clair County is due Aug. 21, so here’s a little perspective on where those taxes go and why that retired public employee is smiling.
During the past 20 years, Illinois went from the middle of the pack to the highest property taxes in the nation. Better news: Even in our state of taxing superlatives, St. Clair County is where property taxes grew the fastest as compared to house values.
Property taxes in St. Clair County grew 214 percent faster than home values, according to a new study by the Illinois Policy Institute. The study covers 1996 to 2016.
The taxes here nearly doubled from more than $700 for every man, woman and child to more than $1,400 per person, and that is adjusted for inflation.
ive seen people in indiana buy a small tract of land and build a barn on it and build a house inside.
 

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#14
do you get more money back on your taxes than you pay for interest? at this time in my life i dont want to owe anybody anything!
this scares the shit out of me.
https://www.illinoispolicy.org/cart...tax-hike-in-city-history-to-pay-for-pensions/

Pension costs now consume nearly 70 percent of the city’s annual property tax levy. It may not be enough.
Pension costs are driving property tax increases across Illinois, including a historic hike in the southern Illinois city of Carterville.
Carterville City Council members voted Nov. 13 to hike the city’s property tax levy by more than 30 percent, a measure prompted entirely by public safety pension costs, local leaders said. Nearly 70 percent of the city’s property tax revenue will now go to police and fire pensions.
https://www.bnd.com/opinion/editorials/article215842285.html
Your second installment of property taxes in St. Clair County is due Aug. 21, so here’s a little perspective on where those taxes go and why that retired public employee is smiling.
During the past 20 years, Illinois went from the middle of the pack to the highest property taxes in the nation. Better news: Even in our state of taxing superlatives, St. Clair County is where property taxes grew the fastest as compared to house values.
Property taxes in St. Clair County grew 214 percent faster than home values, according to a new study by the Illinois Policy Institute. The study covers 1996 to 2016.
The taxes here nearly doubled from more than $700 for every man, woman and child to more than $1,400 per person, and that is adjusted for inflation.
ive seen people in indiana buy a small tract of land and build a barn on it and build a house inside.
As you point out, you NEVER totally own your own home. You are always obligated to pay your property taxes (mine is over 8 grand a year now) or they take your home away, so I'll not use current funds to pay the mortgage off to give myself the illusion that I own my own home. I'll always be paying 'rent' on the property anyway! Instead, I will continue to carry the mortgageas long as I'm able to financially until I can either sell and buy something using the cash I take out or the whole system goes belly up and I tell the mortgage holder to fuck off with the rest of the folks
 
Last edited:

southfork

Site Supporter
Site Supporter
Mother Lode
Joined
Mar 31, 2010
Messages
15,701
Likes
14,629
#15
US is the biggest debtor nation in the world, most of the world really hates our guts, what better way to get some pay back than to pull the pin on our debt bomb
 

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
Midas Member
Sr Site Supporter
Joined
Apr 2, 2010
Messages
14,231
Likes
24,380
Location
ORYGUN
#16
Pension costs are driving property tax increases across Illinois, all states,..
Small adjustment ! :gracious:
In 17 years, our property tax has increased 3X.
 

kiffertom

Seeker
Seeker
Joined
Mar 31, 2010
Messages
242
Likes
188
#17
Small adjustment ! :gracious:
In 17 years, our property tax has increased 3X.
3x? thats 3 fucking times! triple! there isnt a "this sucks" button so i write it out! "this sucks"!
maybe i said it here before but think about how the tax base of each and every city grows without them raising taxes. everytime a house is sold it usually sells for a higher price! the tax on this house increases according to the selling price! since it has been a sellers market for the last decade think how much revenue has increased. no one even comments or mentions this anywhere!
 

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#19

TAEZZAR

LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH
Midas Member
Sr Site Supporter
Joined
Apr 2, 2010
Messages
14,231
Likes
24,380
Location
ORYGUN
#20
3x? thats 3 fucking times! triple! there isnt a "this sucks" button so i write it out! "this sucks"!
maybe i said it here before but think about how the tax base of each and every city grows without them raising taxes. everytime a house is sold it usually sells for a higher price! the tax on this house increases according to the selling price! since it has been a sellers market for the last decade think how much revenue has increased. no one even comments or mentions this anywhere!
In Oregon, 14 years ago, we were blessed with a 3% minimum, annual, property tax increase, REGARDLESS OF AND IN ADDITION TO, ANY VALUE INCREASE. :totally steamed:
 

Zed

Size doesn't count!
Midas Member
Joined
Mar 30, 2010
Messages
12,230
Likes
9,774
Location
Springfield
#23
You are always obligated to pay your property taxes (mine is over 8 grand a year now) or they take your home away
WOW! Ours is about 1K, not called tax but rather 'rates' essentially for basic services, garbage, local roads etc all local government stuff.
 

kiffertom

Seeker
Seeker
Joined
Mar 31, 2010
Messages
242
Likes
188
#25
Along these same lines, a 'realtor' takes a massive cut of that selling price too. Right out of the equity...if there is any.
7%! for what? i know it gets distributed amongst others and the broker but this is way too excessive and this job requires no formal education?
 

the_shootist

Molon Labe! Deplorable Dreg!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
27,309
Likes
32,680
#27

chomper

Purveyor of Filth
Silver Miner
Joined
Feb 10, 2011
Messages
389
Likes
244
#28
Bloomberg, I don't take anything coming from Bloomberg seriously, neither should you!
Ordinarily, I don't. However in the months prior to the GFC, Bloomberg and its MSM contemporaries were saying all was well, come September 2008 and it almost all went to shit. Now they are actively saying it's going to be bad... with their track record of underestimating things, it's why I asked the question I did.