The more they promote this kind of nonsense, the more likely it is to happen.
Your choice of words leads be to question the depth of your understanding of commercial real estate financing.
I compare the world of the last year (and the US specifically) to Berlin of 1945. Life goes on, but there is unease. The unease gets worse. People eventually are building barricades of fences, furniture, and chunks of demolished buildings against the soviets they know are coming.
Then one day you start hearing guns in the distance. They get louder. After a few days, your own German troops start filtering in, many or most wounded. The guns get louder.
Then one day, you look down the street and see a Soviet tank turn the corner, stop, fire, and take out the building right next to you.
We are in the “the guns are getting louder” phase, but make no mistake, the “tank coming around the corner” day is coming. And as Celente said, it will almost certainly be before Christmas, or shortly after.
Have you noticed you don’t hear about California’s woes any more? It did NOT get better and is only getting worse, faster. But nothing but crickets from the MSM.
We are living in interesting times.