Friday, June 17, 2005


Likely I wasn't the only American complaining loudly to the White House, congress, and the Federal Reserve about the brain dead monetary keeping the housing bubble aloft. Last couple of days stories are appearing about the funny money mortgages speculators use to rapidly flip properties which drives up prices. Anticipate the bubble's about to be pricked. One sign is the stock market's showing sign of real life for the first time in months.

Tuesday, May 31, 2005
The American prosperty delusion
Given the skyrocketing costs of housing, education and medical care we're actually getting poorer and poorer. We're simply consuming our capital in the same way old folks live off the proceeds of a reverse mortgage which of course leaves the children no inheritance. Things are so out of control in the 11/04 issue Oakland City Magazine published my letter:

“Polygamy is an affordability solution to the emergence of the Oakland million dollar bungalow on a postage-sized lot. Taking on multiple wives, or husbands, as the case may be will provide enough adult earners to carry the property and feed and clothe the family.”

The below video link to my remarks at the 4/29 Kellogg meeting in support of my proposal to sell the company addresses the false prosperty issues. After logging on fast forward to about 25:30. Submitted similar proposals to Heinz & General Mills.
posted by Mark Klein, M.D. at 9:38 AM 0 comments

Monday, May 30, 2005
Makes perfect sense that you as the Federal Reserve System chief of information don't want to hear criticism about its brain dead interest rate policies which has brought us the MILLION DOLLAR 2 bedroom condo, and crashed the dollar.

Of course I'll strike you off my e-mail list. Heaven forbid the Federal Reserve should expose itself to rational, common sense economics.

Mark Klein, M.D.
A FATHER of 4 young adult children worried how they'll afford a family. (Why should that be the Fed's concern?) wrote:
Please delete me from your e-mail distribution.Thank you,Michelle Smith--------------------------Sent from my BlackBerry Wireless Handheld


Post a Comment

Links to this post:

Create a Link

<< Home