Of course you don’t believe it, it’s inconsistent with your ridiculous position that you can’t loose by buying RE in Vancouver. We’ll, I’m sorry to confirm that it is real! And there are lots of houses available for 1500 to 2000/month in Dunbar – go look for your self – you don’t need me to confirm it. Have a nice lunch.

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Supraboy just got his ass handed to him.

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Don't tell my landlord! He just rented me a really nice house in Dunbar for $1500 per month. The only catch is that all utilities are included (yes INCLUDED).

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"Asian markets are recovering. Go to China and see what’s going on there.

You sound like some fool living in a basement. Houses in the West side are renting for more than $4000 a month. GO find yourself a 50×130 lot size in the West side and see how much it costs to rent, you’ll be lucky to find one for under $4000 a month."

You know, ad hominem attacks are the reserve of those who have no reasonable, or logical, argument.

As for your contention that you "be lucky to find a house to rent on the West Side for less than $4000/month, it took exactly 35 seconds to find this:

http://vancouver.en.craigslist.ca/van/apa/1321606…

A five-bedroom, 3 bathroom (and 2 kitchen!) "spacious home" in Shaughnessy for 3200, which I'm sure the landlord would be happy to rent for 3000 or less. Doesn't it suck, Supraboy, when facts get in the way of a good ad hominem rant?

"It’s good that rents and real estate has been jacked up to all time highs in Vancouver…"

This assertion of yours is simply not true. Nominal asking rents are well off their highs of last year and real rents are definitely down. Once again, those facts are inconvenient things, aren't they?

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Where are the foreclosures in BC you say?

Here you go:

http://www.cbc.ca/canada/british-columbia/story/2…

Needless to say, if you had half a brain, you'd realize that Canada's housing market has lagged the US model for about 2-3 years. Whatever happens down here, will happen over there. It's already starting to happen…but it'll get progressively worse. I don't expect you to understand that because you've already demonstrated that your depth of knowledge and understanding is lower than that of a Nat.

What does the government in Canada do to try and battle this? They increase your mortgage span to over 35-40 years…what a wonderful solution.

Stop smoking the pipe….

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What will happen to CDN rates under this scenario? Hmmmm? Elephants in the bathroom for CDN policy makers.

The following by Jim Sinclair

"

Today's incoming emails exceeded the 1200 mark, a great degree of which are asking me what is the motivation behind a countdown of days for the USDX.

There are various answers to this question of which TA is the least important.

The primary reason for this "out on the limb statement" is that the recent China/US financial Summit meeting in Washington which was requested by China, was not significantly pre-planned.

As I understand it there are two things wanted and one thing disapproved of.

The US financial leadership wants, but more so needs, Chinese buying of US Treasury offerings to remain at these levels but more so to increase to offset the wholly unavoidable increase in offering of US Federal Debt.

The Chinese wish to see the USA support the creation of a Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves.

The Chinese rightly feel that the greatest risk to their present dollar position's valuation is quantitative easing. or simply put, the monetization of one's own debt by the electronic creation of money for funding yourself.

I am informed that Chinese interests want to see both in 2009.

You will note that the QE program was extended until October, particularly the end of October. This is what Bernanke would like to see, hoping the Management of Perspective Economics will succeed. The Chairman as the academic he is really believes it is possible.

As market related, I know MOPE works only when it has the wind at its back such as from 1981 until 2001. After that it loses it strength until it evaporates into reality and the law of economics such as now.

Quantitative easing cannot be curtailed in 2009 or 2010. To curtail QE as the US Federal Deficit explodes would be to release interest rates to the marketplace that could easily take them to late 1979 early 1980s levels due to a currency event.

The USA cannot support a Super Sovereign Currency. To do so would be to disavow the US dollar as the universal reserve currency which the financial leadership of the USA still adheres to, seeing this period as only an aberration in the constant.

The USA, due to market considerations, cannot yield to Asia and China as spokesperson for the BRIC on the two criteria required to remain as purchasers of the US Treasury instruments, which is the only real support the dollar presently has.

I have given you two tools for timing as well as other resources like Martin Armstrong who was at one time nearly unknown in our crowd.

Tools of timing, some I have not shared with you, indicate a major potential turning point that could easily see a break below .7600 or .7200 coming in the final quarter of this year.

Add this all together and you get a November bull's eye for a loss of confidence in the US dollar internally as well as externally. That will end the misguided belief that MOPE, via its tool SPIN, defeats economic law.

Van Mises, Ricardo and Adam Smith have not been laid to rest by market manipulation. The wind is in the face of business now as a long-term trend. We are returning to basics and moving away from the fancy, complex and fraudulent.

All of this could have been fixed prior to the event of Lehman declaring bankruptcy. Now there are no PRACTICAL SOLUTIONS and NO PRACTICAL EXITS FROM CONSTANT QE.

Pandora's Box is open, only to be closed by markets as the downward spiral goes to its practical end, a return to commodity money.

We, here, will be proven correct in time and in price.

Respectfully yours,

Jim

Let the fools be foolish. It would seem there are plenty of troglodyte megalomanics to go around.

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I hit the nerve didn't I….LOL.

I'm not going to give a big thumbs up to the economy just because people are flooding the malls. Down here in Los Angeles, people are driving around in leased Beemers and Benzes and Lexuses all over the place….you see how malls flooded with people here too…

This is the place where unemployment is at 12%, the number of foreclosures is second to none, repossessions of cars is skyrocketing, people are in debt up to their scalps.

Nothing you say is different there than it is here…we have rich Koreans, rich Chinese, rich Indians, rich Americans, etc…tell me something I already don't know…and STILL people are losing their homes left and right.

Go sell your bullshit to some schmuck who actually buys in to your drivel.

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