If you look at these easy to read charts please keep in mind that 40% of the national economy was considered to be R-E and home construction. Also, those famous words: "my home is my piggy bank!" And one of the charts furnished confirms that.... since it indicates the American public has no visible savings. Now this maybe farther than some folks may want to go at this time. But I believe that their are some world banking institutions for lack of a better name who are not going to end up as losers in this enormous loss and ...transfer of wealth. I am not coming from a conspiracy perspective but since i read this type of info and essay's i was concluding 3 to 4 yrs past that we would have a R-E crash followed by a national recession at the least. And many people at that time also though we would have a sector recession which of course would be much milder. I was forming this conclusion from the info being offered regarding the level of national debt and the imbalance with regards to derivatives. And also from reading some history i have learned that Empires usually fall on their sword... if i may. They build and buy weapons until war kills their own country. And then some other nation comes along at takes their places. And don't miss understand me what i am saying if i was finding this info and having it confirmed by people like Buffet and Soros doesn't it seem reasonable that some very smart people would have got on the other side of the table and waited for the chips to pile up and then called their bets at the nations expense?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment