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


To: Jim McMannis who wrote (303992)2/2/2011 10:05:38 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
when the debt bomb goes, it is gonna be impressive.

kind of like a land based titanic where people aren't given the dignity of drowning in short order.

fdic -> gone
SS -> gone
unemployment -> gone
bank accounts -> gone
pension funds -> gone
401ks/IRAs -> gone

you get the idea...

the average tax payer is in the hole $1.02 million and has just over $200k in assets.

remember what ford said...

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt.” Henry Ford