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

To: saveslivesbyday who wrote (282253)	10/9/2010 3:21:01 PM
From: Skeeter Bug	Respond to of 306849

saves, she makes a good argument that all ponzi style bubbles eventually end up below here they started... that puts us squarely back in the 1970s price range for houses and the like with debt at 2006 levels... BOOOOOOOM! this is scary stuff - and well thought out, too. this isn't weimar - the dynamics are very different. weimar created inflation to pay off creditors in nominal terms by dictate (they had to pay). in our case, they've run a giant ponzi scheme creating 100 claims to each piece of real pie. the process of extinguishing the 99 claims as false credit only claims will be BRUTAL. argentina was a deflationary depression in terms of dollars - the debt based currency of the elites. yes, they de-pegged argentina's currency against the dollar, but the resulting poverty MADE THE DOLLAR GO WAY UP IN VALUE. private banks run our monetary system AND THEY HAVE NO INCENTIVE TO SAVE THE GOVERNMENT AND EVERY INCENTIVE TO ENSLAVE IT TO DEBT. Damon hit the nail on the head... again... youtube.com that's TREASON, of course, so don't hold your breath waiting for them to tell you this. do note that in a deflationary collapse, the banks end up owning almost all the real wealth, not the funny money paper kind. in a hyper inflation, they destroy their very own balance sheet and destroy their wealth. insiders at banks make tremendous loot stealing from people during volatility - so expect continued volatility. dollar is dead... euro is dead... etc... ultimately, that's true, but lots of people will need lots of dollars to pay back debt or else default and extinguish debt and blow up the banks and/or (probably or) society. make sure you have food and water and protection - if you run out of that, you may find yourself selling off PMs in a buyer's market where nobody will part with their money. in the great depression, prime farms went to auction and didn't receive a single bid - nobody would part with their money.