This is sick, in this type of structure... where are the safe havens??? The dollar is no longer the safe-haven it was in 1929 when it was tied to gold... thus gold is the only safe haven that comes to mind... gold and things of real value such as commodities... things we need.
So they pop the housing bubble, now the banks lent out all of this debt that they will not get back in its entirety...
At least in 1929, the housing bubble had long been popped for 4 years, and the currency was tied to gold and not debt-ridden.
I'm not a big researcher on where the banks debt went, but I have enough sense to know that I bet too much of it has been given to home-buyers and I bet a great many of them "first-timers."
Now besides the housing bubble being a clear enemy of the Federal Reserve, we have commodities and the dollar... if they want a reason to raise rates, we know that they'll find it somehow... if commodities were to ramp in price... they would rise rates like the late 70's... now this would really cremate the false wealth in housing... if the economy went sour on this mainly due to the rising cost of energy & food which would lead to layoffs... then the banks would do their thing with the repo... and BOOM... they are their own worst enemy... housing bubble goes under, their debt becomes lost in translation... and all of a sudden the dollar is exposed for what it truly is...
BANKRUPT... it's bankrupt because they are unable to keep the currency alive... the currency survives off of one thing and one thing only and that is the successful expansion of debt... under the above circumstance, I see the excess debt giveaway by the banks being put in check by their own friends at the Federal Reserve... this would not only CRUSH the banks... it would CRUSH their central asset... and that is the U.S. peso dollar...
Does it sound unlikely? Not to me... we've seen each certain action involved in this scenario take place by itself through the past century... now it seems to me as if that was only a test or an introduction to the grand finale... the grand finale in which this brigade of market forces comes together kind of like that cartoon... Captain Planet... only this is no cartoon, it's quite real and disturbing...
Add in growing global anti-americanism and the potential economic supremacy of China and the writing is not only on the wall, it's here!
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