What happened in the Weimar Republic has nothing to do with our economy.

The big difference is the Weimar Republic was the only country with the staggering debt so they were the only ones printing money. Hence their money became worthless around the globe.

Today, virtually every country around the globe has staggering debt, China included. Today, every country with a printing press is printing money, China included.

So, with all of the countries printing money, the value of each countries currency will fall BUT it is falling equally in proportion to the other countries actual value. The end result is cheaper currency around the globe BUT all of this currency will still have the same buying value because all the world's currency has fallen in value.

America is not getting ready to fall, the sky is not falling and America and our profession will be around for a long time.

This post predicting the end of America was started by the same person who keeps telling us the end of our collective real estate careers is just around the corner.

If we dwell on the negative things around us we will get sucked in and the negativity will start to run our lives as is evidenced with the nose dive this thread has taken.

what are your economic credentials? should we listen to you or someone that is respected nationally and world-wide for their objective reporting of the facts?

stop equating reality with negative thinking. they are not one in the same unless you personally decide to make it so.

Really we need to listen to Bigtoe and to you broker, and to me also-and bpojoe et al. I think the wisest approach is to listen to as many viewpoints as possible and try and glean the most likely outcome, preparing for uncertainty along the way.

I still think those Zero Hedge guys are tied to the metal trades somehow. Does it mean I discount everything they are saying. No way Jose. But I listen through a filter.

Remember Y2K?

More good news - someone sent this to me in an email today. Effective on real estate sales in 2013 a new 3.8% tax on real estate sales profits to help cover Obamacare. Think this is for people earning over 200k (including profit on sale of property) but may apply to others.

"Section 1402, “Unearned Income Medicare Contribution,” imposes a 3.8 percent tax on profits from the sale of real estate — residential or investment.

Something new to figure into your sellers net proceeds statement.

One more reason to just vote every damn one of these bums out in November. This may be our last chance. Obamacare needs to be repealed.