SP, it doesn't really matter what they do to the institutions IMO, regardless of size. Until the US changes the debt instruments (contracts) and administration of issuing debt (i.e against tangible security rather than thin air, limited leverage, fractional deposits etc) there is no hope.
It was tenuous at best for as long as it was actually working. I think it actually masked a wages and unemployment issue IMO, that started many years before Obama.
Unless this happens, and Johnny homeowner has an enduring responsibility to keep employment to pay off his debts, then the whole thing is going spiral downwards with asset prices, and upwards with overgearing and increasing defaults.
Nothing will have been done to fix the debt problem otherwise, and this leads further weaken (not inflate) asset values.
- Forums
- ASX - By Stock
- GOLD
- is this the smart money moving early?
is this the smart money moving early?, page-72
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)