Too many mortgage lenders, too, it seems. And that after already massive unwinding in the mortgage lender ranks over the past 2 years. And with foreclosure rates setting records, and the sub-prime lending market all but imploding, not to mention the horrendous mortgage our country has made fighting a net-meaningless war (in terms of economic benefit, strategic gain, or globally politically stabilizing), we have, as the nation of USA, succeeded in fully ‘leveraging’ (the financial term for taking out as much debt as possible) the future of the country. And like the sub-prime market, will in the not too distant future be holding a sheriff’s sale on the steps of the court house (in this case, the big one in DC) where upon our creditors (read here: China, Germany, Canada) can bid for the remaining asset for fractions of a penny on the dollar (as if our currency hasn’t already been completely gutted). Buy some gold, and some lead while you’re at it. land ownership will do, as long as it’s out far from the city, and it can sustain a crop.
Compliments of what is arguably the WORST presidency in the history of the nation (or at least as bad as that run from Harding to
Hack
1 comment:
You write very well.
Post a Comment