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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (21705)	8/3/2009 11:36:01 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71442

China owns 800 billion dollars worth of these puppies. quotes.ino.com Or they did.

To: DebtBomb who wrote (21705)	8/3/2009 11:55:11 AM
From: Tommaso	1 Recommendation Read Replies (2) \| Respond to of 71442

I was not talking about the people who are not only broke but have negative net worth. There are plenty of people left with untapped borrowing power. How do I know? Because I am one of them. According to the National Center for Policy Analysis, some 33 percent of homeowners have no mortgage on their homes. The South has the highest amount of debt-free homeownership. The West has the lowest amount. investing.calsci.com Anyone with 100% equity in a home can go get a mortgage right now. The government is deliberately trying to cause inflation, and when this intention is clear, some of these people may borrow money thinking that they can buy hard assets. I am not going to try this myself because if it does not work it can be a complete disaster. For example, you could mortgage your house, buy $250,000 worth of gold, and then have the gold seized by the government and yourself prosecuted as a "speculator." If you think such things are not possible in a democracy, take note of how the Canadian government outlawed income trusts two years ago, thereby destroying much of their value.