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Re: Fans of the Fed 

By: Zimbler0 in POPE IV | Recommend this post (2)
Mon, 04 Sep 17 5:39 AM | 53 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 33020 of 47202
(This msg. is a reply to 33015 by monkeytrots)
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MT> Still think land is a protection against the economic collapse ?


Well . . .
If one owns the land and has sufficient weapons and
'defensive infrastructure' in the event of total
economic collapse one does have the wherewithal to
make a good go in the aftermath.

Zim.




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The above is a reply to the following message:
Re: Fans of the Fed
By: monkeytrots in POPE IV
Mon, 04 Sep 17 2:44 AM 		Msg. 33015 of 47202

>> On average, land loses no value over time. Farm infrastructure (buildings, equipment, tools, animals, etc) will allow me have a positive return on the land regardless of what happens to the currency.

Hmmm - we no longer own land in this country - unless you live in an area that has no property tax - we rent it from the gubmint, after paying a big down-payment (call it an escrow fund that is seized when taxes aren't paid.)

What happens in hyper-inflation ? Land prices (valuations) go thru the ceiling.

What happens to the property taxes ? Ditto.

Still think land is a protection against the economic collapse ?

I don't.

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