I am the great grandson of Don Tomás Estrada-Palma, the first elected President of Cuba (1902-1906).
"Where I am different from most people in the group is I know I am a slave but I think freely while the group thinks they are free while being enslaved..." - Tomas Estrada-Palma, IV -
Wednesday, January 16, 2008
The Inflation Scam
Okay boys and girls. Here's how the scam works. The bankers have the government to print up oodles of extra money which the bankers get to lend out for a profit. But since there is the same amount of housing for sale in the Real Estate market buyers will tend to bid up higher and higher prices using this borrowed money. Then the bankers always pull the plug on the credit or money flow or in this case because they lent unwisely to desperate families. Too many defaults cause a glut of housing. This glut of foreclosed homes and credit requirement tightening has driven down the price of Real Estate but left millions still holding the bag for mortgages for those inflated buying prices from the peak years of the market. The bankers make out like, well...like bandits.
Let entrepreneurs into Cuba, keep the tax low and watch the economic explosion happen. Whenever there are more jobs than workers the wages and benefits are driven upward. That's because entrepreneurs compete for a limited supply of workers. Those who lose the competition will not be as successful because they can't grow without more laborers. Finally, the first modern society on the planet will be populated by people who are neither slaves to the pharaohs of industry nor government. Cuban workers will have the best job security in the world!