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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (189957)3/10/2009 8:59:46 PM
From: cougRead Replies (1) | Respond to of 306849
 
Wayne,

Your post reinforces what I think, a PERSONAL main street observation which I think is FAR more important than a Wall Street look at things for things really start at the bottom and work up..

Main street is where it all starts. It's a bottoms up process, not a top down that we are led to believe in by fat cats on Wall Street and DC, so we will pour our money into the top, personally and publicly(tax-payer).. Scammed in other words by self-proclaimed expert scam artists.. For we should always trust "experts" for that's the American way... NOT with a big NG..

My family's resource business is in the tank, we have friends that have lost their home and some ready to, my wife has friends that are ready to lose their jobs and on and on..

We even had twice as many applications this year as last year for our scholarship awards..

On a macro level, we have all this debt staring us in the face and the only way out I see is to monetize it.. That's why I am so bullish on PMs. Maybe extreme inflation will help the market too as it is a place to put cheap dollars.. I don't know, but I'm not..

Physical gold and silver is hard to come by in small units without a helluva premium, that should be telling us that no one wants to part with it.. Guns, ammo and generators, etc. are flying off the shelf..

Maybe this is all paranoia but it takes on a life of it's own..

Perception then becomes becomes reality..