patrick.net
An Antidote to Corporate Media
1,199,581 comments by 14,172 users - Ceffer, Patrick, UkraineIsTotallyFucked online now
Go ahead ignore the debt, see how long that will last.
invite response
2012 Mar 30, 2:30am 1,066 views 0 comments
no comments found
http://www.financialsense.com/contributors/ron-hera/martin-armstrong-on-the-sovereign-debt-crisis
It amazes me how we try to cling to the minor positives when talking about housing. All the while, ignoring the awful state our country is in. They can reset mortgages, they can drop interest rates, they can print gobs and gobs of money at serious problems. However, there is a limit.
In this corner we have a 5000lb gorilla called Inflation. In the other corner we have an equally scary 5000lb gorilla called debt. This will not end well for us. We think we are in pain now. Just wait and see what happens when all this debt starts to expire. We are kidding ourselves when we think the US dollar is going to always be in favor. With the high demand on short term debt turn-over, all it would take would be a small period in time of investors not wanting the US dollar to send us in a tailspin. I don't think it is a matter of if, but a question of when.
#housing