Quote:
Originally Posted by Aurel
Contrarian opinions now are describing a much grimmer scenario than just a stock market crash: implosion of the debt market, compete lock up of the financial system, no more cash available, no more electronic transactions…
They also say to buy silver…
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Now we are talking..
I saw the direction the USA was headed in 1980, and where it was going to lead to.
In 08 it had come to fruition..and since it has been all on life support..so I have been contrarian all along..
Now if ya told somebody that the USA was going to go under in 80 they wouldn't be able to stop laughing at you and if they did they would lock you up in the puzzle factory. In 08 99.9% thought it was fixable...they could not conceive that the unspeakable had happened...now it is here and people are waking up...
Truth is that you already have nothing, except for a Bernie Madoff sheet of paper with a whole bunch of zeros after the number...and RE will be greatly diminished and ill-liquid because no one will have the money nor credit to purchase or pay rent.
If the debt mkt crashes, there is no reset...there will be no structure to reboot...only once the chaos subsides and the dust settles will you be able to start over from scratch...you will be at ground zero..
PS: I have never been a joiner, a believer nor a follower...I have always thought for myself and acted in my own best interest.