Oh look! The bean stal.. I mean the stock market is
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Oh look! The bean stal.. I mean the stock market is
really super high. Hyper inflated by a monetary industry for the sole purpose of annihilating those supplying seed money intended for retirement.
If it were a graph, you could see that anyone below a certain point on the incline could easily be financially washed away while the others would remain above the water level, so to speak. Like a tall ship in shallow waters. If it sinks, only those up in the sails might be able to survive. Of course, they wouldn't be able to help those below because, well, they're way up there and everyone else is way down there.
A possible consequence? Smaller banks could become insolvent, thus being forced to give up their real property assets to solvent banks. Those with loans they can no longer afford [to pay] would relinquish those loans in "fire sales" to the highest bidders, indirectly, through their banks of course (Bundles anyone?), the remaining solvent banks. Since the vast majority of loans are underwritten by Freddie and Fannie already, govt merely steps in and assumes the net value as another way to self insure and create its own dollar amount value of what "the people" owe it so it can write more currency units into the economy. A way to land-launder a land grab. Devalue the currency and bingo you have enough to afford a livable apartment in one of the new complexes going up in your town.
Hey, don't get bent out of shape there... people write bad horror scripts all the time. This is just another one of those.
Harv
If it were a graph, you could see that anyone below a certain point on the incline could easily be financially washed away while the others would remain above the water level, so to speak. Like a tall ship in shallow waters. If it sinks, only those up in the sails might be able to survive. Of course, they wouldn't be able to help those below because, well, they're way up there and everyone else is way down there.
A possible consequence? Smaller banks could become insolvent, thus being forced to give up their real property assets to solvent banks. Those with loans they can no longer afford [to pay] would relinquish those loans in "fire sales" to the highest bidders, indirectly, through their banks of course (Bundles anyone?), the remaining solvent banks. Since the vast majority of loans are underwritten by Freddie and Fannie already, govt merely steps in and assumes the net value as another way to self insure and create its own dollar amount value of what "the people" owe it so it can write more currency units into the economy. A way to land-launder a land grab. Devalue the currency and bingo you have enough to afford a livable apartment in one of the new complexes going up in your town.
Hey, don't get bent out of shape there... people write bad horror scripts all the time. This is just another one of those.
Harv
Harvey- Posts : 318
Join date : 2011-07-26
Similar topics
» Stock up...
» Out of Stock!
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» WE Are The Laughing Stock
» So what was the point of all this nonsense? Other than to give us another chance to laugh at the stooges that fell for it?
» Out of Stock!
» A slight depression in the liar market
» WE Are The Laughing Stock
» So what was the point of all this nonsense? Other than to give us another chance to laugh at the stooges that fell for it?
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