Guys... this only leads into one direction. Financial reset. Banks will liquidate before 2030. If you have the means (I don’t) pay off your mortgages ASAP. When banks liquidate you no longer own your house.
@Mark - I see what you are saying but if you factor how many folks have mortgages, how would the banks be able to force that many people out and be homeless? Who would have $$ to buy these houses or even take out another mortgage? The financial reset is going to clobber everything. Methinks it will be more like a debt jubilee and anything you have a mortgage on becomes yours by default. The upcoming financial meltdown explains how/why the elite are doing what they are doing (WEF, etc.) ...it will be chaos....
That is conceivable but given the sheer number of homes we are talking about, how is that going to play out? You are assuming a compliant populace and the means of invoking fear such that folks will be willing to deal with BlackRock or its ilk. Keep in mind that the elite will be benefitting from the chaos. This would most likely kick off a class war and the elite will lose that one.
True but with the vaccine mandate, we had a "functional" economy and money was still valid per se. The jobs were needed and people did what they were told. When the monetary system collapses, there is bound to be more push back because the jobs will already be gone.
The problem is that people rise up too late. Look at Sri Lanka. The damage has already been done just like Ghana. We see where we are heading and when we rise up and try to overthrow our corrupt communist government it will be too late. We never learn.
True. That why I think it’s important to be a little ‘worse case scenario minded’ sometimes, and try and mitigate before it comes our way.
Matt was rightfully saying that a take over of private housing would cause chaos, but unfortunately Sri Lanka, the Netherlands etc have shown that they don’t only mind the chaos, but can use it to their advantage (when they swoop in with Universal Basic Income and ‘save the day’).
Who let the dogs out woof woof. Sorry it was my first thought when I saw the headline. The real number is likely double so 20% is my guess.
As per shadow stats it is around 19%.
Guys... this only leads into one direction. Financial reset. Banks will liquidate before 2030. If you have the means (I don’t) pay off your mortgages ASAP. When banks liquidate you no longer own your house.
@Mark - I see what you are saying but if you factor how many folks have mortgages, how would the banks be able to force that many people out and be homeless? Who would have $$ to buy these houses or even take out another mortgage? The financial reset is going to clobber everything. Methinks it will be more like a debt jubilee and anything you have a mortgage on becomes yours by default. The upcoming financial meltdown explains how/why the elite are doing what they are doing (WEF, etc.) ...it will be chaos....
I think that either you’d be offered the difference, or the house would be bought and then rented to you via, for example, BlackRock.
That is conceivable but given the sheer number of homes we are talking about, how is that going to play out? You are assuming a compliant populace and the means of invoking fear such that folks will be willing to deal with BlackRock or its ilk. Keep in mind that the elite will be benefitting from the chaos. This would most likely kick off a class war and the elite will lose that one.
Same way they did with the vaccines
True but with the vaccine mandate, we had a "functional" economy and money was still valid per se. The jobs were needed and people did what they were told. When the monetary system collapses, there is bound to be more push back because the jobs will already be gone.
This is transitory! The Fed said so!
Besides inflation is rising prices. Let's just invoke emergency powers and cap the prices.
That should fix it!
Simple enough huh?
The problem is that people rise up too late. Look at Sri Lanka. The damage has already been done just like Ghana. We see where we are heading and when we rise up and try to overthrow our corrupt communist government it will be too late. We never learn.
True. That why I think it’s important to be a little ‘worse case scenario minded’ sometimes, and try and mitigate before it comes our way.
Matt was rightfully saying that a take over of private housing would cause chaos, but unfortunately Sri Lanka, the Netherlands etc have shown that they don’t only mind the chaos, but can use it to their advantage (when they swoop in with Universal Basic Income and ‘save the day’).