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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Who is going to buy a piece of RE..commercial or reidential if the threat of its destruction hangs over your head. Who is going to have the money to buy that home if the Banks are insolvent. FDIC doesn't have the money to cover everybody....Trillions of $$$$$ will evaporate in an instant.
In other words the Financial system will be OVERWHELMED....and that means the government will lose the means to govern effectivily and that will allow anarchy to reign just like it did in NO when that authority was absent.
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"Some Observer"
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