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I hope you are wrong.

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.

There Are No More Criminal Laws

The Fall of Florida's 'Foreclosure King' Will Create Huge Waves

Which is why I say I hope you are wrong. Because if you are not, in any way (hence my 25% number as opposed to your 80% ...actually doing some back of the envelop, 15% would be sufficient), then that means rolling up the economy. It truly is that simple. And while some are saying they would like to see the facade lift (and I totally understand why), the truth of the matter is that if it lifts what will be left will be a total undoing of the American way of life. It will not be a 'weekend warrior' session, where after some time of 'going Galt' things get back to normal. It will be a total wash, a change of the global guard, and most likely a breakup of the United States of America. There are many varied woes that people in other nations in Eastern Europe, Africa, and South America have experienced (both financial as well as more existential) that the vats majority of Americans have zero experience with, and the few that have have it at a most academic level. For instance, take hunger. Everyone thinks they know what hunger is, but what they know is a late meal (or maybe a skipped meal). Or take poverty ...for most it means not being able to afford the iPAD your best friend got, or at worst having to wear hand-me-downs or shop from the Salvation Army center and Dollar Store. There are a lot of things people take for granted.

I hope you are wrong, because if you are not 'going Galt' for the vast vast vast vast (to the nth magnitude) majority will not be as linear as shown in some novel, will not be as short as some believe, and will not be as elastic (i.e. wrap it up and let's start over and make it right this time) as some anticipate. It will be a long-tenure, plastic, and nebulous event that will have (to channel Rumsfeld) many 'unknown unknowns.' The last crisis a couple years ago made me decide in 2006, well before it hit, that it made sense for me to leave the States, cash in, and go back to Kenya. Looking back it was a wise move (those I left got smacked silly by the economy, and I've managed to do quite well here). However, if you are right, what is coming will make that look like the tickles of a young lass.

Whether one is Rep or Dem, 'going Galt' with gold nuggets and bricks of .22 in suburbia (yeah right!) or some 'silly urban Amish' (or whatever the current cranial diarrhea that passes for intellect is on the forum), young or about to retire ...whatever the heck (unless you are a single chap, way past retirement, with no dependents) ....better hope Chunga is wrong. And if something happens to the US, then the world faces a situation somewhat analogous (at least in weak form) to what transpired after the collapse of the Roman Empire. The US has done a lot to be a moderating influence in the World. Without it ....well .....

(Problem is, while I can argue with some of your arguments, some of them are almost impossible to argue with ....without really pulling things).

BTW, did you know 'Chunga' means 'watchout' in Swahili? Have a blessed day.