John wrote:Dear Vince,
The other option -- and the option that I believe is the only one
that's possible -- is that most of the $10 trillion will simply
disappear as the deflationary spiral continues.
Along with this option is the real possibility that millions of unoccupied houses and buildings will get bulldozed as they become eyesores and
hazardous deteriorating wrecks. There is certainly no shortage of housing. Property values are dropping almost everywhere.
In my area housing starts are basically zero and sales are 50-75% below the peak, property values have dropped a minimum of 25% across the board.
No one is buying houses or other properties unless they can get them at rock bottom prices. I agree with John in the sense these $trillions will evaporate just like the "stimulus" money they pumped into the economy. of course the bankers will still reap preposterous rewards once more.
But on November 3, all will be solved, just like "hope and Change" and "The recession is over."
My only hope for change is that all incumbents get handed pink slips and completely unskilled non party affiliated people get voted into office as write-ins.
Never gonna happen. The Sheeple just keep voting for the same dyed in the wool crooks year after year.