Comments by Richard Michael Abraham

Yes Frostya1 - And It Looks Like a GermExit

Good chance that Germany will leave the Eurozone and shock the World.

Money (Preservation Capital) from every collapsed Euro Country would flood into real estate in every international Western city.

Real Estate Developers now should be planning luxury residential real estate projects in London, New York, Miami, Toronto and San Francisco, to name a few cities.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

La Vyrity is Correct - It May Be a GermExit

Germany is a profoundly economically powerful country and for months, I have argued nobody could blame Germany for leaving the Eurozone.

My position hinged on the timing and frequently I have suggested the Eurozone would stop bailing out Greece at the right time.

But, La Vyrity has astutely provided additional facts suggesting that it's Germany that has already taken the necessary steps to leave the Eurozone.

And, I believe La Vyrity is correct and this is the shocker since the Eurozone cannot survive without Germany.

Such an announcement would throw havoc in the Global market.

Keep your eye on Germany. If Germany remains austerity driven (which seems to be the case), then, Germany is saying, "Austerity no matter the pain or else." And as I've said frequently, who could blame Germany. No one!

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Odd. With a title "Truth In Advertising, Romney & Obama," you don't even mention President Obama.

It seems odd because your article is all about "Alleged Truth."

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

NOT GREXIT -EUROEXIT

Once Greece exits, within a month, five more euro countries will exit.

U.S. and London Real Estate Values in international cities will skyrocket as safe havens.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

The Greeks - My Childhood Heroes

My childhood heroes, and still today, are the Greek philosophers, Socrates, Plato, Aristotle and others. And the great and honorable warriors.

Greece is the birthplace of freedom, honor and democracy.

The World owes much to Greece. No Greek people should go a day hungry. This is tragic and intolerable in Greece or any country.

Here, in the U.S., the multitudes suffer, many go hungry.

Our World is not the same anymore.

But in the U.S., the FED prints money, the wrong solution but time is bought.

As part of the euro, Greece cannot print money to try to hold on for a better day.

And the euro is chocking Greece in austerity. And Greece goes deeper and deeper into the dark hole of despair.

You write me with great sensitivity and thoughtfulness and I thank you.

Still, it is time for the Greeks to rise and boldly leave the euro and start fresh and independent of the chains.

It is time for the Greeks to walk away from its financial obligations just like American corporations file bankruptcy and then come back fresh and survive and prosper.

Greece can only survive and be a proud nation if the Greek people recognize that it's time to say farewell to the lost cause of the eurozone.

Once the Greeks stand up for honor and dignity again, then Spain and Portugal and other nations will follow.

And only then, will great country's like Greece have a second chance to find hope and prosperity.

A world, built on "money", bleeding the Greek people is a hostile world and the Greek people must stand up and say, "since the eurozone is not one for all and all for one", and since we are hurting, for our spirit, for our dignity, we must set out into the unknown and try to rebuild our Country.

And so, I believe the wonderful people of Greece deserve to be free of the eurozone and it's time for the Greek people to boldly say, "we won't take it anymore, farewell."

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

GREECE IS ALREADY GONE

The cat and the mouse play.

Then, the cat silences the mouse with one severe blow.

Greece recognizes this is not a "one for all, all for one" playing field.

The Greek people are not blind.

This is a "money war" fight to the death.

Greece is already gone and just waiting for the right time to exit.

And the eurozone will collapse financially within three months.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

GERMANY - MORE FEARFUL THAN GREECE

In the U.S., there's a psychological game called "chicken."

The idea of the game is is to see which of two opponents blinks first or backs off first.

For example, one person would get in a car at the end of the road and the other person would get in a car on the opposite end of the road. Then, they jettison their engines and race towards each other full throttle.

The one who diverts from the head on collision first loses the game and is said to have "chickened out."

Right now, the eurozone and Germany need Greece on its feet more than Greece needs the eurozone.

Smart move for Greece is to call it quits, get out and start all over again.

This terrifies Germany because if Greece goes, than Spain goes, then Portugal goes, then, then, then, etc.

So right now, Germany and Greece are playing the game of Chicken.

Greece has nothing to lose. And so, Greece will win the game.

And everybody knows this will take place. So, get it on.

The World is tired of watching this game.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Merkel & Holland Both Right, But Left is How It Will Go

Mrs. Merkel represents a hardworking German people and Mr. Hollande represents France's rightfully freedom loving people.

Greek people will not bow.

French people will not bow.

German people can't carry the load.

Thus, if you've met Mrs. Merkel and Mr. Hollande, you will understand exactly where this is going.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

HOME SELLERS ARE TIMID - HOME BUYERS ARE INSECURE

A 50 year old home sold five times (every ten years) pays on average 25% of the sales prices in Realtor commissions in the U.S.

Example below assumes the property appreciates about 2% per year and a sale takes place every ten years:

Sale 1 - $100,000 @ 5% = $5,000
Sale 2 - $150,000 @ 5% = $7,500
Sale 3 - $225,000 @ 5% = $11,250
Sale 4 - $337,500 @ 5% = $16,875
Sale 5 - $506,250 @ 5% = $25,312

Total Commissions Paid: $66,207

The average of the appreciating prices for this property is $263,000.

Thus, $66,207 total Realtor fees represent 25% in Realtor commissions.

This is remarkable lunacy.

HOME SELLER CAN SELL MOST ANYTHING BUT ARE TIMID ABOUT SHOWING THEIR HOMES TO STRANGERS.

HOME BUYERS ARE INSECURE AND NEED A REALTOR TO TELL THEM THEY'RE MAKING A SMART BUYING DECISION.

Thus, even advanced technology will not break the strategic position and standing of the Realtor.

And this is solely because SELLERS ARE TIMID, and BUYERS ARE INSECURE and this human nature (with regard to selling residential property) is unlikely to change.

Similarly, the manager or agent for celebrities will always enjoy career security. Just like celebrities need an agent, home sellers and home buyers need an agent. It's just the way it is, and always will be. (even though it's absurd)

It's not the real estate agent's fault.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

FED Bernanke's Sacrificial Lambs

Regretfully I am not a FED Bernanke fan.

Anyone owning stocks or exporting will disagree with me.

Thus, since The Economist is an upscale publication where most of the readers possess wealth or stocks or benefit from U.S. exports, my thoughts will not be heard or regarded well.

However, I believe FED Bernanke created a false, empty economy pitting the Wealthy and Financial Institutions and Multi National Corporations against the Recent College Grads, the Middle class, the Average Americans, the Mid Age Executives and the Elderly.

None of the people in these groups are prospering!

And so, FED Bernanke cut the head off the U.S. long term economic prosperity for most Americans so the tail or the Stock Market and Export Business could prosper.

What I believe needs to change:

1. Good paying jobs for recent college graduates.
2. Return to Home Ownership for the Middle Class/Average Americans and good paying jobs.
3. Good paying jobs for Mid Age Executives now unemployed or under employed.
4. Opportunity for elderly to get a descent interest on their bank savings.
5. Opportunity for all of these Americans to escape the massive Inflationary losses of their income or savings.

For these struggling Americans, Mr. Bernanke views them as his sacrificial lambs.

And worse, so long as these Americans suffer, FED Bernanke's economy will be weak and will lead to great despair.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

CHINA LEARNS FAST

When I was on of the first to engage in real estate development operations with the Chinese Government back in 1984, they begged for U.S. real estate development expertise and got it. (primarily in infrastructure and Hotel developments)

Today, their real estate development "know-how" flourishes.

And their Global financial market tactics are akin to Western Countries.

They play the "yuan" just like FED Bernanke plays the Dollar.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

ON NOVEMBER 7TH THE WORLD ECONOMY WILL BEGIN A HORRIFIC CRASH

Oil prices will be part of the crash.

But, it's the U.S. Treasury Issues, junk by any standards.

Interest rates are held down by FED Bernanke.

Everything wants to sink but can't!

Everyone is holding on for the Presidential elections.

If President Obama wins, then more unsustainable deficits, more FED Bernanke money printing, more inflation, no jobs.

If Candidate Romney wins, he will not be able to fix the damages fast enough of the two former presidents, Bush and Obama.

President Bush corrupted the system and destroyed the Housing Market and Middle Class. President Obama engineered with FED Bernanke and Secretary Geithner a false economy build on sand e.g. stimulus, monetary policy, money printing, and socialistic leanings.

On November 7th, 2012, or shortly thereafter, expect a 30% drop in the Stock Market while oil prices rocket.

The World economy - in deep trouble.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Once Upon A Time - Real Estate Development Entrepreneurs

During the period of 1950-1985, wonderful entrepreneurs from all walks of life entered the real estate development business and built America.

These great Americans, in most part, were industrious, hardworking and creative spirits.

Then, along came the FED, the conglomerates, the national mortgage companies, Wall Street and together they sucked the life out of real estate and along the way crushed the real estate entrepreneurs.

The corruption resulted in the 2008 financial crisis.

And after cleaning out the housing market in the U.S., after causing millions and millions of American homeowners to lose all their homes and worth, these vultures sought new opportunities and continue to bleed the system dry.

And so, big, big business so corrupt, so flush with cash, now, even control or at least influence the U.S. Government.

To keep up, the U.S. Government keeps printing dollars to stay alive for another day.

That day may not be coming soon.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Bob Knows How To Handle This

When you meet him you'll know why.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Germany's Smart Move

When you meet Merkel you know she's thinking hard.

Germany belongs on the same table with super powers like the U.S., China, Russia, etc.

I know Merkel is close to making this decision.

And nobody could blame her. It's the smart move.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Students Become Indentured Debtors

For profit colleges train tens of thousands of telemarketers to call prospective students assuring government student loans at low interest.

Many of these colleges do all the FAFA student loan Government paperwork - loans of $20,000-$60,000.

Many unsuspecting students who never were true candidates for the academics just drop out owing money they can't pay.

The U.S. Government turns over collection to vulture collection agencies who double or triple interest on delinquent accounts, garnish wages, and chase these drop outs the rest of their lives.

A $50,000 loan over 15 years turns into a $300,000 debt obligation.

Everyone knows this is taking place.

All Government officials have been engaged in this student lending for votes while destroying the lives of many students who can't keep up.

Most of these for profit colleges could care less.

It's worse than tragic.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Only When You Meet Mr. Sarkozy will you learn he possesses the uncanny skills to do the impossible.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

Housing Prices Not Right In America - Not Yet

HOUSING MARKET FINAL COLLAPSE BEFORE RECOVERY

The Housing Market saw some hope from October, 2011-February, 2012 but now will collapse further until after the November elections.

In areas like Florida where prices went up 125% from 2003-2005, and since fell 60%, there's still another 10% plus to fall.

75% of all Americans who once owned a home are fairly ineligible to buy. Without this foundation, support levels for housing prices are inadequate.

The U.S. Government and FED Bernanke can manipulate the Stock Market up with monetary policy, etc., but cannot control or manipulate housing demand.

The FED manipulated the Stock and Financial Markets up. Good and Bad! Good short term. Bad, because it will correct and collapse, and the FED killed off the Middle class - all in one stroke.

America (as a whole) owes no respect for such a one-side policy, picking the winners and turning all others into the losers. Not right! Not the kind of decisions one man should be making.

All savers, elderly, Middle Class, job seekers have been destroyed just so that the FED could lift up the wealthy, liquid Americans and the Stock market. Not right Mr. Bernanke! Not right fiscally, economically and morally.

And Housing remains in perpetual downward spiral.

Does the FED really believe, does any American really believe the mortgage market and financial crisis of 2008 is gone? It's just 2/3rds through it's cycle.

That's why smart developers are developing other niche developments in demand.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

WHEN THE U.S. ECONOMIC MUSICAL CHAIRS STOPPED

Musical Chairs is a party game in which players compete for a decreasing number of chairs, the losers in successive rounds being those unable to find a chair to sit on when the accompanying music is abruptly stopped.

In the years prior to 2008 under the Bush administration, the corporate players crafted a new economic model and the U.S. Government and the FED unwittingly supported their financial scheme.

In 2008, 75% of all Americans were wiped out, lost their wealth or credit and only those with wealth and liquidity could continue the economic musical chairs game.

This crippling event and the mortgage market melt down will play out for a full generation. If you possess the cash and liquidity, you're good as gold. If you do not, tough times lie ahead.

The illusive U.S. Economic recovery is simply mimicking the reality of our times.

In real estate development, for example, certain traditional markets are decimated and yet certain niche real estate development markets are flourishing with great development opportunity if you know where to look and possess the specialized skills.

Sadly, it won't matter whether our next President is Mr. Obama or Mr. Romney. A short term solution does not exist. The lopsided U.S. Economy created classes of Americans, those with and those without.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org

WHEN THE U.S. ECONOMIC MUSICAL CHAIRS STOPPED

Musical Chairs is a party game in which players compete for a decreasing number of chairs, the losers in successive rounds being those unable to find a chair to sit on when the accompanying music is abruptly stopped.

In the years prior to 2008 under the Bush administration, the corporate players crafted a new economic model and the U.S. Government and the FED unwittingly supported their financial scheme.

In 2008, 75% of all Americans were wiped out, lost their wealth or credit and only those with wealth and liquidity could continue the economic musical chairs game.

This crippling events of Euro Debt and the U.S. mortgage market melt down will play out for a full generation. If you possess the cash and liquidity, you're good as gold. If you do not, tough times lie ahead.

The illusive Europe and U.S. Economic recovery is simply mimicking the reality of our times.

In real estate development, for example, certain traditional markets are decimated and yet certain niche real estate development markets are flourishing with great development opportunity if you know where to look and possess the specialized skills.

Warmest,

Richard Michael Abraham
Founder
The REDI Foundation
www.redii.org