tj444 -> RE: $21 trillion hidden in offshore accounts (7/25/2012 9:16:41 AM)
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quote:
ORIGINAL: mnottertail quote:
ORIGINAL: Fellow It would be interesting to know what this money is exactly doing there. It could cause significant inflation if moved into the US. How would that sort of magic happen, it is sitting there, and it would sit here. Banks and business are sitting on piles and piles and piles of money, right here, right now, the reason you are seeing nothing in the way of inflation is because it is sitting. well,... take a look at who is buying much of the bargain priced real estate in the US right now.. its mostly people from around the world.. which if you look at real estate prices & inventory has done a lot to stabilize the housing markets, some which now has been increasing in the sale price paid.. defintion of inflation- "A general increase in prices and fall in the purchasing value of money." Imo, we are experiencing inflation now in some real estate markets.. Imo, if someone were to bring their offshore money into the US, they would do something with it cuz it makes no sense to move it from its nice cozy spot its in now otherwise..
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