A Quote by Gary Weiss
For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries.
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Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink.
22 of 52 top (FDA) officials have worked for regulated industries, or organizations that cater to those industries...During a hearing held in 1969 by the House Inter-governmental Relations Subcommittee, it was disclosed that of 49 high ranking FDA officials who had recently resigned or retired, 37 joined or served as consultants to regulated industries.
I got such a bad series of sinus infections while covering President Obama's 2012 reelection campaign, I lost my sense of smell!
What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.
The real estate lobby has prominent allies in both parties. After the last major overhaul of the tax code, in 1986 - under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House - it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.
I think that Vladimir Putin is certainly getting a lot of publicity for what the Russians are doing. And I'm not sure that's unwelcome to him. I think this is a guy who saw the U.S. basically come out against him in his reelection campaign in 2012. He saw the U.S. being behind all of the color revolutions in Eastern Europe and in Georgia and Ukraine and so on. So his view is the West has been interfering in his politics for years.
I've been buying real estate because it's an asset I can control, that I could finance extremely cheaply if I chose to. I do not choose to; I buy my real estate in cash. I'm not interested in making money on it. I just want to keep my money safe.
I'm not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good.
In the US, banking and finance are regulated on the federal and state level, there are multiple federal bank regulators, and there are separate securities and commodities regulators.
So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
I've been telling people, if we want to keep the Republican party in Texas, the Republican party in Texas needs to start looking like Texas. And I think that this is - that goes for the rest of the country as well.
Cultural industries will be the next engine for growth after real estate, and Wanda will make cultural industries our long-term focus.
I don't know how it plays in San Francisco. But I can tell you I came out, during a reelection campaign, in Indiana, while Mike Pence was the governor. And I wound up winning reelection by 80 percent.
Donald Trump has been both a peculiar and characteristic American figure for more than three decades. Inheriting a small New York real-estate development company from his father, he parlayed it not so much into a big real-estate company, but himself into a fantasy of a big real-estate developer.
Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.
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