Home > Central banking, Fractional Reserve Banking, Gold, Housing, Money As Debt > “There is no clear, easy way out for housing”

“There is no clear, easy way out for housing”

Duh.

I prefer to say “There is no clear, easy way out once a Ponzi scheme has been exposed and the suckers’ savings have been stolen and the criminals are protected by the government and the central banks.”

And be forewarned: Australia is the US with a 5 – 10 year time lag.

I can’t wait to see how the Oz banks are going to handle a housing bust in Oz.

If Asia sneezes, Oz will catch cold and then housing is going down.

Watching Oz banks running around trying to negotiate cramdowns whilst hiding their bad debts from APRA and trying to appear solvent – that is my dream.  My dream.

Please Eternal Monetary Gods, punish the evildoers who stole the people’s gold coins out of their wallets and melted them into IMF bullion.  Teach us all what real, timeless money is.  By giving us the Mother of All Housing Busts.

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  1. June 12, 2014 at 5:07 am

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