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

To: Elroy Jetson who wrote (252169)	6/6/2010 2:15:39 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Of course bankruptcy reform means that debtors have to kick in more in the way of wage slavery to pay off their debts - and what of it.<< the criminal financial elite get 1% of GDP as bonuses for committing predatory lending crimes, blowing up their institutions and blowing up the the world's economy with a debt WMD. hollo? tyranny is accelerating. i suppose you love it when a small class of feudal lords enslave the populace. you probably think it won't impact you. when it does, you will "get it." >>This rule affects only those who earn more than the median income in their state. It's certainly not going to prevent the filing of Chapter 7 by the legions of the unemployed and underemployed.<< no, but it will surely make the "legions" even larger! but who cares, right? the criminal bankers get their 1% of GDP as bonuses and that becomes even more valuable as society implodes. >>You don't think we can stretch out stimulus for 20 years, as Japan has so far, but you think the pain will take longer than a few years. OK, let's say you're right and the pain of deleveraging lasts ten years. There you are.<< the point you miss is that there has to be a massive reset since the system is fundamentally unstable. debts are always larger than money supply, which requires more debt to prevent a collapse of payable debts. we've hit the ceiling. denninger has a good piece on this... market-ticker.denninger.net do you have any idea what a 40% reduction in GDP and a 55% reduction in outstanding will do to this nation already leaning into the abyss as it is? erasing 55% of debts will mean depositors lose their cash - and don't think the fdic will make them whole in real terms. savers (you know, the law abiding, responsible ones) are being attacked by las vegas style TBTF gamblers who have turned our government into their pet freaking project! what of it? ignorance surely is bliss. >>The masters of this nation are the wealthy individually and through the corporations they own. They're not very shadowy, or mysterious,<< what is being discussed at the bilderberg conference? guardian.co.uk guardian.co.uk they bring in their own personal staff in order to prevent hotel staff form telling their shadowy, mysterious secrets. you have no clue what this secret society has planned for your future. >>merely wealthy and therefore influential.<< yes, the ability to bribe. the ability to meet in secret with elected officials and work out secret deals. no big deal, right? kennedy thought otherwise. youtube.com >>So they enjoy less expensive domestic help and their businesses pay lower wages for a decade. What of it? And the beat goes on.<< if only you were right. this IS NOT the business cycle - turn off the main stream propaganda. this is the end of our current debt based financial system.