[blahblahblah]

Ok so if the banks are bailed out yet again then who is going to bail out the government? The treasury auction last week was considered a failure by Rick Santelli and the Chinese have already begun to dump their US holdings. Game, set match, nothing left to do but let capitalism determine the true value of real estate.

The Federal Reserve will act as it always does as the buyer of last resort. Remember that it is not part of the US and is a private for-profit corporation. As the US owes more and more to the Federal Reserve, we’ll pay them more and more interest and their shareholders will reap the return. The endgame will come when we can no longer raise enough revenue to pay the interest on the debt; at that point the bank will be able to call in “austerity measures” through the IMF and World Bank. This means the selling off of public infrastructure to pay the debts. What will happen then is that the federal highways will become toll roads, the national parks will become owned by Disney, the Alaskan oil reserves owned by BP, etc… There will be massive layoffs of government employees, breakups of state-owned companies like GM, cancellation of retiree benefits and pensions, cancellation or drastic cutbacks in Medicare and Social Security benefits, and probably forfeiture of private 401Ks. It will go down here like a giant version of Argentina.

[blahblahblah]

Ok so if the banks are bailed out yet again then who is going to bail out the government? The treasury auction last week was considered a failure by Rick Santelli and the Chinese have already begun to dump their US holdings. Game, set match, nothing left to do but let capitalism determine the true value of real estate.

The Federal Reserve will act as it always does as the buyer of last resort. Remember that it is not part of the US and is a private for-profit corporation. As the US owes more and more to the Federal Reserve, we’ll pay them more and more interest and their shareholders will reap the return. The endgame will come when we can no longer raise enough revenue to pay the interest on the debt; at that point the bank will be able to call in “austerity measures” through the IMF and World Bank. This means the selling off of public infrastructure to pay the debts. What will happen then is that the federal highways will become toll roads, the national parks will become owned by Disney, the Alaskan oil reserves owned by BP, etc… There will be massive layoffs of government employees, breakups of state-owned companies like GM, cancellation of retiree benefits and pensions, cancellation or drastic cutbacks in Medicare and Social Security benefits, and probably forfeiture of private 401Ks. It will go down here like a giant version of Argentina.

[blahblahblah]

SD Realtor is right. Who do you think is going to come out ahead?

1) Banks
2) Homedebtors in over their heads
3) Prudent savers waiting for that $500K house on 1/4 acre in Del Mar

My money is on a full bailout of #1 (after all the small players have been gobbled up by the big boys) with a few scraps (refis, renegotiating mortgage amounts, etc…) tossed to #2. #3 is such a small minority that they’re not even worth considering, at least in the government’s eyes. Their savings will be wiped out by inflation from all the bailout money.

As for what to do, don’t ask me, I don’t have a freaking clue. You can do what I did, find a house you can afford, buy it and wait for the apocalypse.

[blahblahblah]

SD Realtor is right. Who do you think is going to come out ahead?

1) Banks
2) Homedebtors in over their heads
3) Prudent savers waiting for that $500K house on 1/4 acre in Del Mar

My money is on a full bailout of #1 (after all the small players have been gobbled up by the big boys) with a few scraps (refis, renegotiating mortgage amounts, etc…) tossed to #2. #3 is such a small minority that they’re not even worth considering, at least in the government’s eyes. Their savings will be wiped out by inflation from all the bailout money.

As for what to do, don’t ask me, I don’t have a freaking clue. You can do what I did, find a house you can afford, buy it and wait for the apocalypse.

[blahblahblah]

SD Realtor is right. Who do you think is going to come out ahead?

1) Banks
2) Homedebtors in over their heads
3) Prudent savers waiting for that $500K house on 1/4 acre in Del Mar

My money is on a full bailout of #1 (after all the small players have been gobbled up by the big boys) with a few scraps (refis, renegotiating mortgage amounts, etc…) tossed to #2. #3 is such a small minority that they’re not even worth considering, at least in the government’s eyes. Their savings will be wiped out by inflation from all the bailout money.

As for what to do, don’t ask me, I don’t have a freaking clue. You can do what I did, find a house you can afford, buy it and wait for the apocalypse.

[blahblahblah]

SD Realtor is right. Who do you think is going to come out ahead?

1) Banks
2) Homedebtors in over their heads
3) Prudent savers waiting for that $500K house on 1/4 acre in Del Mar

My money is on a full bailout of #1 (after all the small players have been gobbled up by the big boys) with a few scraps (refis, renegotiating mortgage amounts, etc…) tossed to #2. #3 is such a small minority that they’re not even worth considering, at least in the government’s eyes. Their savings will be wiped out by inflation from all the bailout money.

As for what to do, don’t ask me, I don’t have a freaking clue. You can do what I did, find a house you can afford, buy it and wait for the apocalypse.

[blahblahblah]

SD Realtor is right. Who do you think is going to come out ahead?

1) Banks
2) Homedebtors in over their heads
3) Prudent savers waiting for that $500K house on 1/4 acre in Del Mar

My money is on a full bailout of #1 (after all the small players have been gobbled up by the big boys) with a few scraps (refis, renegotiating mortgage amounts, etc…) tossed to #2. #3 is such a small minority that they’re not even worth considering, at least in the government’s eyes. Their savings will be wiped out by inflation from all the bailout money.

As for what to do, don’t ask me, I don’t have a freaking clue. You can do what I did, find a house you can afford, buy it and wait for the apocalypse.

[blahblahblah]

Indeed, but by pointing it out you are clearly inferring something… yes? And that inference is what, exactly?

Dude, give it up. An eyewitness went on TV, gave her full name and told you that a firetruck and hazmat team were there when the plane crashed. Either she is a liar, she’s crazy, or she’s telling the truth. If she’s telling the truth, it is an amazing coincidence. I’m not inferring anything at all other than that is an amazing coincidence, but you seem to be. So if you don’t want to believe that this is an amazing coincidence, just tell yourself that she is a liar or crazy and move on. As for myself I have no idea. Maybe she is a liar. Maybe she is crazy.

[blahblahblah]

Indeed, but by pointing it out you are clearly inferring something… yes? And that inference is what, exactly?

Dude, give it up. An eyewitness went on TV, gave her full name and told you that a firetruck and hazmat team were there when the plane crashed. Either she is a liar, she’s crazy, or she’s telling the truth. If she’s telling the truth, it is an amazing coincidence. I’m not inferring anything at all other than that is an amazing coincidence, but you seem to be. So if you don’t want to believe that this is an amazing coincidence, just tell yourself that she is a liar or crazy and move on. As for myself I have no idea. Maybe she is a liar. Maybe she is crazy.

[blahblahblah]

Indeed, but by pointing it out you are clearly inferring something… yes? And that inference is what, exactly?

Dude, give it up. An eyewitness went on TV, gave her full name and told you that a firetruck and hazmat team were there when the plane crashed. Either she is a liar, she’s crazy, or she’s telling the truth. If she’s telling the truth, it is an amazing coincidence. I’m not inferring anything at all other than that is an amazing coincidence, but you seem to be. So if you don’t want to believe that this is an amazing coincidence, just tell yourself that she is a liar or crazy and move on. As for myself I have no idea. Maybe she is a liar. Maybe she is crazy.

[blahblahblah]

Indeed, but by pointing it out you are clearly inferring something… yes? And that inference is what, exactly?

Dude, give it up. An eyewitness went on TV, gave her full name and told you that a firetruck and hazmat team were there when the plane crashed. Either she is a liar, she’s crazy, or she’s telling the truth. If she’s telling the truth, it is an amazing coincidence. I’m not inferring anything at all other than that is an amazing coincidence, but you seem to be. So if you don’t want to believe that this is an amazing coincidence, just tell yourself that she is a liar or crazy and move on. As for myself I have no idea. Maybe she is a liar. Maybe she is crazy.

[blahblahblah]

Indeed, but by pointing it out you are clearly inferring something… yes? And that inference is what, exactly?

Dude, give it up. An eyewitness went on TV, gave her full name and told you that a firetruck and hazmat team were there when the plane crashed. Either she is a liar, she’s crazy, or she’s telling the truth. If she’s telling the truth, it is an amazing coincidence. I’m not inferring anything at all other than that is an amazing coincidence, but you seem to be. So if you don’t want to believe that this is an amazing coincidence, just tell yourself that she is a liar or crazy and move on. As for myself I have no idea. Maybe she is a liar. Maybe she is crazy.

[blahblahblah]

So, this was all a conspiracy? Who, exactly, do you think was behind it exactly? And for what gain?

I am merely pointing out what the eyewitness said.

[blahblahblah]

So, this was all a conspiracy? Who, exactly, do you think was behind it exactly? And for what gain?

I am merely pointing out what the eyewitness said.

[blahblahblah]

So, this was all a conspiracy? Who, exactly, do you think was behind it exactly? And for what gain?

I am merely pointing out what the eyewitness said.

[Author]

Posts