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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (40313)	9/24/2008 6:12:20 AM
From: arun gera	3 Recommendations Read Replies (1) \| Respond to of 217623

>This is the Nigerianization of the world of finance.> This has been going on for a while. It is based on the belief that one can print infinite money based on the desire of families to get their american dream house, even if they have to be slaves for ever. In the absence of an anchor like the gold standard, the anchor of the financial system has become the family's willingness to do everything to avoid losing its homes under any circumstance. But once the shame of stiffing the lenders is gone, the collateral falls in value. Everyone in the financial world needs easy money to frolic in the pool of liquidity generated by monetizing the willingness of families to get a dream home. Now that liquidity is being taken away, the finance world is begging the government to provide the liquidity from future taxes of this already stressed out family. -Arun