John T. Reed’s news blog

The five stages of a hyperinflation crisis today:1. The US dollar (USD) plummets in purchasing power and there is a worldwide run on the dollar. Everyone wants to turn the USD in foreign currency, gold or anything other than the USD.2. Politicians enact The 5 Bad Laws. Politicians say they are doing this to save you. In fact, you are in a “burning theater” and these laws nail the theater doors shut so you cannot get out. The Five Bad Laws areA. capital controls (ban bullion gold or foreign currency and taking USD outside of the US)B. price controls (force...

In addition to the front page headline on both parties candidates ignoring the national debt and just adding more and more to it, today’s WSJ has a column by Galston titled “A U.S. National Debt Crisis is Coming.” It says both parties are now ensuring some sort of financial doomsday due to more and more spending costing more and more interest. .I think the people around the world buying US Treasurys are nuts. They are so what is the next milestone that might cause them to say, “My God! What are we doing?” The interest on the national debt is...

Another it's impossible to buy a home article by Nicole Friedman in today's WSJ. Shrink how big of a home you seek. Add your furniture buying money to the down payment. These are things home buyers have been doing since the 1930s. When my wife and I bought our current home in 1983 we had no living room furniture for several years. . Buy farther out of the big city. Go to another state if you have to. Here is my principal residence sequence: Collingswood, NJ triplex $32,000; Haddonfield, NJ duplex $29,900; Haddonfield, NJ single-family $36,000; Moraga, CA single family...

I need to give readers a bit of detail on my entry into buying real estate when I was 22. I intended to buy a duplex in the NJ suburbs of Philadelphia when I was stationed at Fort Monmouth, NJ. My mom lived there. .After looking for months, I had not made a purchase. I chewed myself out. “So you’re the big real estate investor. After three months, all you did was find something wrong with every single property you looked at, some reason not to buy every property.” So I decided to go back and buy not the perfect...

Eisenhower's Operation Wetback deported hundreds of thousands of illegals. Today's WSJ calls that word setback and ethnic slur. . The hell it is. Illegals from Mexico then and now cross the Rio Grande without the aid of a bridge. When you do that, your back gets wet. It is illegal to enter the US that way. . So I speak for many when I we are pissed at wetbacks doing that. I do not give a rats rump about wetbacks not liking the name wetbacks. They tried to "outlaw" illegals, too. They can kiss my Ellis-Island-descendant ass. . Same goes...