He’s a nutcase.
“He’s a nutcase.”
I second your assessment.
He rants with no logic or facts to back him up and gives people very bad advice.
People who stop paying mortgages or loans will have their credit totally destroyed, which not only impacts their ability to get credit later, but it hurts their ability to get jobs — in many jobs they do a credit check routinely before hiring someone. A bad credti check can make people unemployable for responsible jobs. Not a good thing in a recession, when there is serious competition for the few jobs available.