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

To: yard_man who wrote (274306)	9/9/2010 9:07:12 AM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

Let's look at what we know: The problems are the DEBT BOMB, bubbles, derivatives, and margin. Nothing is fixed....spending, speculation, and debt are increasing for the most part. Manufacturing is dismantled. High paying jobs have been outsourced. We have 50 million on food stamps? 20 million abandoned houses? 30% in negative equity? 20% unemployment rate (15 million unemployed)? 62 billion in stock fund outflows this year and stocks are up for the year? Loans from IRA's and 401K's are increasing. We hit peak oil. We have a demographics bust with 10,000 baby boomers retiring every single day (3 million per year) until about 2021. The treasury is being drained by wars and bankster bailouts. Elites are only paying 20-30% taxes, unlike in the 40's and 50's when they paid 70-90%. CEO pay has gone up 300-500 times the average worker's pay since that time also. The middle class is being wiped out and standard of living plummeting. The average worker now makes less than in 1998. Food prices are starting to skyrocket. In 20 years there will be no oil available anywhere at any price? Banks are insolvent in western gov'ts but they covered it up with 'mark to fantasy' accounting. It would take 106-200 trillion to fix everything IMO. We're in The Greatest Depression and the fed is trying to cover it up, IMO. (What good is that going to do, no problems will ever get solved.) We already had one 'flash crash' this year. I think it will happen again, soon. But, I could be wrong. They could just PRINT, PRINT, PRINT until we blow up like zimbabwe. (Faber thinks that will happen) That could hold stocks up while the economy implodes. (Which wouldn't matter anyway, because then stocks would be up in worthless clownbucks). If they do the zimbabwe model....gold should rocket....and might be the only way to stay ahead. BWTHDIK?