[tired&retired]

I doubt very much that the USA will survive the upcoming crisis.

[tired&retired]

Add to this the fact that the Ginnie and Fannie mortgages were lent out for 30 years fixed at 2.5 to 5% AND they borrowed the money to lend out short term.

We are upsde down on Trillions of dollars of debt, refinancing at more than our interest charged. This will make the 1980’s S&L crisis look like nothing when the bubble bursts.