I don't think it will be 70%. And I never said it won't have an effect on society.
What I said was you views are just as extreme if not more extreme then the views you criticise.
We have had recessions before. Keens is saying we are going to have a recession. Prices 'could' fall 30-70%. The operative word being 'could' based on certain metrics like price to income, availability of debt and interest rate levels.
There were plenty of places in America, Ireland that fell 30% or more and didn't exhibit the catastrophic events you are referring to - like 30% unemployment.
Again where is the precedent for your views. Keen has given you his precedents for the 30-70% possibility, where are yours?
