Lorenz Reibling weighs in on Trump, Money and Real E$tate
Lorenz Reibling (known as Brother Reibling to some...) - owner of Taurus Investments* - spoke in Munich, Germany October 2016.
*Taurus Investments bought property from the WT - story here:
It seems like Reibling has been spending most of his time in Germany these past couple years. He is linked to Refire - German Real Estate Finance. The editor of Refire magazine, Charles Kingston, spoke of Reibling in his December 24, 2016 editorial:
Die Gedanken sind frei, wer kann sie erraten…?
One of the perks of editing a publication like REFIRE is the opportunity it affords your editor to hang out with people who have an uncluttered view of the future. Their relationship with their crystal ball, tea leaves, tarot cards, goats' entrails or other favoured form of divination helps them steer an unerring path through the most turbulent cross winds, knowing what's likely to emerge on the other side.
Here's a recent case in point. During the liveliest panel discussion at the Expo Real trade fair in Munich in October, Professor Lorenz Reibling of Taurus Investment weighed up the merits of Donald Trump as presidential candidate in the forthcoming elections, versus his rival Hillary Clinton.
The charismatic Reibling, a German who has built Taurus into a global real estate powerhouse from its Boston headquarters, with offices around the world, referred to Trump's history as a real estate man, "as against a cowboy running for president, of whom there normally are no shortage compared to real estate guys." Without expressing a preference for either candidate, he did realistically assess Trump's chances of winning – when, it will be remembered, most observers in Europe had already written Trump off.
If he did win, Reibling said, the first thing Trump's going to do is lower corporate taxes aggressively, in the manner of Ireland, to attract and retain American manufacturing on home soil. The stock market will embark on a spectacular rise as companies gear up for a home-grown expansion. With a rise of more than 1,000 points since then, the Dow Jones looks like it's already started.
Kingston goes on to discuss another panel participant's remarks and then he speaks of Reibling again:
In real estate, the next eruption is not around the immediate corner, and there may be three to four more good years ahead – but at some point these good times are over, and investors will need a new plan. Start preparing, says the guru.
This is where Reibling agreed – we are all being forced, through lack of realistic alternatives, to take investment decisions that we otherwise might not take. The world economy is on life support, and has been since the onset of the financial crisis nearly a decade ago. We can't tell when somebody will pull the plug on the life-support machine - but they will, and soon-ish.
Like Dr. Otte, Reibling believes that when that moment comes, we're still better off in hard assets like real estate than just having cash in the bank. If companies like his can't hold out prospects of lucrative profits to their investors, they can at least argue for the wealth-preservation characteristics of real estate over the near future.
*full article at link here:
Follow the money.
Taurus has some deep connection with the higher wt echolon.
I wondered if he helped with the deal to sell Watchtower HQ to Trump's son in law.