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

To: Ilaine who wrote (59144)	12/18/2009 9:09:45 PM
From: TobagoJack	1 Recommendation Read Replies (2) \| Respond to of 217847

only an enemy of the nation could have written what you had written. <<bankruptcies increasing due to credit cards jacking up interest rates to 30% and doubling minimum payments>> ... wrong. bankruptcies are inevitable given folks borrowed too much in alignment with your hero maestro greensputin's imperative of fiat money inflation, and his inability to fess up to the bubble he saw, called, and backed off of on. ... and bankruptcies are increasing because true capital and genuine thrift have been squeezed out by false borrowing that is now necessarily constricted and attempts at savings that hit at jobs and so income to pay back debt with. simple econ stuff, but not of the usual 101 variety you are likely read about. <<If they were trying to force people into bankruptcy I don't see how it would look any different>> ... bankruptcies must be, would come different ways and by all paths, inexorably, but at a superficial level all looking the same to the unlearned eye. what we now have is sharply enhanced officialdom borrowing, never intending to be paid back, to be distributed in a biased way, only to result in impoverishment of just about all, except the 'best' Foreclosures slowed down due to government loan modification programs finally getting going ... wrong again. now the entire nation will inexorably march towards end-game inevitable point via once-in-an-empire modification program, instead of just a finished wastrel here and a done spendthrift there. save yourself, getgold. I am finally seeing clients get loan mods not only temporary approval but final deals, recorded in county land records. They're getting fixed interest rates at or below 5.25%, extensions to 40 years. ... final deals? you must be joking. your client will be belly-upped by systemic and national bankruptcy, paying 5.25% extending out to 40 years on some hovel at mark-to-mark of 50% discount on nominal basis and -80% true basis. has not the rise of gold sovereign over the past 9 years taught you anything? guess not, and so the gold bubble is healthy, with long life ahead of it, we of the faith are blessed. we will go to parity, say 60k:60k We refinanced our house at 4.375% for 15 years, still have lots of equity, planning on getting the mortgage paid off before we retire, so thank you, Ben Bernanke. ;^)>> ... your hero charlatan ben helicopter urnandkaput bernanke has sealed your fate. recommendation: still early days, to repent, seek redemption from wastrelism, and engage with the gold sovereign, the scripture metal ;0) save yourself, advice from one who mean no harm, out of altruism and nothing more or less. take the gift, accept the blessing.