Critical Analysis Of A Housing Bubble
Conrad M. Landis
March 17, 2014
Analysis Of A Housing Bubble The late 1990 's introduced the dotcom era to the world. Hopes were high as businesses were seemingly being created overnight. The rush was on by the public and investors alike to sink their savings into the promise of these start up companies. Technology was advancing and all appeared well in the world of investing. Companies would go public on the stock market and values would rise enticing everyone who had ever dreamed of profiting from the market to get in while the getting was good. Unfortunately, many were unaware of the rapidly inflating internet bubble that was growing everyday as those prices increased. …show more content…
First, and foremost, it is the buyers responsibility to live within their means. The everyday people in this country are constantly bombarded with a barrage of advertisements claiming that they are nobody until they have bought every product available to them. Clever marketing campaigns delve into the psychology of people subliminally coercing them to buy until they can buy no longer. Surprisingly, this technique is highly effective. Naturally their need to buy spills over into their home buying decisions. If it requires a zero down no interest loan, you might need to rethink your decision. Second, banks should have the right to compete for your business. When the federal reserve has the power to control interest rates, the ability to compete no longer lies in the hands of banks. When banks are allowed to control their own interest rates, competition naturally drives down those rates. The Federal Reserve has no right to posses the ability to manufacture a crisis and bring the American people to their knees in an instant. Removing power from the Federal Reserve and taking responsibility for our buying decisions will be the first steps to our financial freedom.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly