Arraya I don’t dispute any of that as you can see. It is the aftermath, you can speculate, I can speculate, we all can. Perhaps you think the aftermath will result in the world being a better place but I do not.
Once again, and I hate to overstate this but I think it bears importance, I feel like China is going to be a major player and so what role they will play should be discussed shouldn’t it? I assume you saw the move by the current administration to let the Commerce dept authorize missile technology sales to China.
To me events like that illustrate the desperation that we are witnessing by our govt to pacify our creditors.
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So forget about that for the moment. What is done is done and I am more worried about what will be. I am not sure if you recall but before our unemployment really went wild there were lots of posters who were quite happy about it. Lots of those, “Bring it on” posts. Most of them admitted that they weren’t wishing for hardship for friends and family as much as hoping for a chance to get a home for cheap. So here we are 3 years later. Doesn’t look like anybody got that home in 4S for 400k or that ocean view home for cheap either. Yet plenty of people are out of work. I have lots of friends out of work, several clients. It really sucks. I remember posting many a post saying to watch out for what you wish for.
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So now here we are again, potentially on the threshold for something much worse. Yet I hear more of the same, “bring it on” or “at least I can buy a home when this all happens” and when I hear this, I cannot really believe my ears. Not only does it epitomize the ultimate selfishness, but to honestly believe that we can undergo the sorts of dislocations that you are predicting but in the same breathe think okay I will get my home and everything will be alright, that just stuns me.
Honestly I just do not get it.
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.
