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<p>[QUOTE=&quot;GoldFinger1969, post: 4707523, member: 73489&quot;]<i>$4,000 ?&nbsp; Where are these homes, the Ozarks ?</i> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Average property taxes in the NY-NJ-CT area probably over $10,000.&nbsp; In nicer neighborhoods (not rich, nicer).....$15,000. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /></p><p><br /></p><p>2 guys who never took an economics course !&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><u>DeGaulle was right in the sense that the U.S. ran persistent trade deficits...but that was the tautological flip-side of running a CAPITAL ACCOUNT surplus for direct foreign investment, stocks and bonds, etc.&nbsp; As the World&#039;s Central Banker, the U.S. was basically FORCED to print excess dollars and run a trade deficit.&nbsp; But that&#039;s NOT the same thing as living off the rest of the world because if that was the case Nixon wouldn&#039;t have wanted us off the gold standard.</u></p><p><br /></p><p>Not only was the gold standard draining our gold reserves,&nbsp; <span style="color: #0000ff"><b>but maintaining a loose monetary policy (supplying the world dollars) meant running a tighter fiscal policy or enduring inflation.&nbsp; In other words, the U.S. was no longer in charge of fiscal policy (sort of like the EU today).</b></span></p><p><br /></p><p>Still the best house in a lousy neighborhood -- <i>you want paper from the EU, Putin/Russia, or China ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></i></p><p><br /></p><p>Maybe, let&#039;s hope Socialists never get control here. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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