Thing is, if this implodes (and so far it has been hanging on the thread of everything being made to appear normal ...for instance, MERS is being made to be seen as ok, foreclosures have to be made to continue as normal, etc). If that facade (and it is a facade) lifts, then the potential (and real) ramifications are greater than most people realize. Probably even you and me.
Yes, there are those who put their faith in gold (including the silly ones who put it in ETF paper-gold, like that will work out if the system freezes up; and for that matter if your bullion is in physical form in vaults, how do you know a federal order will not simply seize it? It has happened before), while others put their faith in guns (yet continue to stay in sub-urbia, which would be deathzones in a matter of days once people get desperate enough for food and other provisions and start going from house to house ...yeah, you may have 10 guns, but you better be like Vishnu and Shiva with ten arms, and better hope your raving neighbors are also not armed, nor have molotov cocktails, and are simply not too many). I have a nagging suspicion that there are some here that wish for the system to be re-booted, including some who may have survivalist fantasies of how they will live off the land while the 'silly grasshopers' pay for their lack of planning.
Reality will not be like that.
If housing falls 80% (or even anything more than 25% by my unofficial estimates), the impact on the US economy would be amazing. As in, amazingly bad.
Things are stronger than they appear. Things are weaker than they appear. There are heavy facades trying to hide the truth in amorphoous fog, and when that lifts the ground will either be a plain or some unfathomable chasm. We live (and have lived for the last 60 years or so) in an era of amazing peace and wealth (even with some of the things that have happened). We are living in an outlier that I hope will continue to persist.
I hope you are wrong. 100% totally wrong. You better hope you are wrong too.
It is just that, knowing what I know of that crap that was being securitized, there is a chance you are not wrong. To which I hope you are mostly wrong. I hope the facade lasts long enough for some real strengthening to occur. If the floor falls, there is no bottom (and no soft landing, not even for the guys with 'paper' gold and 10,000 rounds of .22 for hunting rabbits).
I hope you are wrong.
I don't have any romantic fantasies about how great things will be if the system re-boots.
But I am convinced that nothing good from continuing to prop up the "facades".
(a) - a determined effort to restore integrity and transparency to our banking system.
(b) - the same boyz, making the same bux, in pretty much the same way.
How one answers this question is the key to whether or not one wants the facade kept in place.
I see no way possible for me to be wrong just as I see no way for me to be right. I don't understand this at all.
The disturbing trend I DO see is more and more private property landing in the hands of the govt. which doesn't seem healthy.
MERS aside, what about all the other properties where MERS is NOT involved yet has changed hands without even making believe a magic depository exists? Even in those situations the transfers are absent AOMs or if there are they are dubious at best???
The only thing I think I'm right about is that something is very wrong. I'm not alone.
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