Maggie's Farm

In the late 1990's Congress passed numerous laws to open up the mortgage industry to people who didn't qualify for a loan. And to make this possible, since the banks and intelligent people didn't want to participate, they allowed government to underwrite the loans and to buy them from the banks and mortgage companies. So housing went crazy for the next 9-10 years. There were people with no money or jobs buying houses, lying on the applications. People buying multiple houses on pure speculation. A rampant uncontrolled sometimes criminal mortgage/housing fueled speculative boom. But it overflowed into almost every aspect of the economy not just homes but credit cards, vehicles, investing, the stock market, everything was on borrowed money or over extended credit. And it crashed in 2008 and Obama and the Democrats tried to patchwork fix it.

But they didn't fix it, they weren't smart enough to fix it, they had no clue. Their "fixes" essentially amounted to borrowing/printing money and throwing it at any and every problem or leak in the economic collapse dam and sprinkling billions around for friends and family too. Since early 2009 that has been going on unencumbered by intelligence or common sense. It was all hidden of course to keep the people from seeing that the king had no clothes, but you could see it if you weren't intentionally blind. Interest rates below 0%!!! WTF interest below 0%??? Explain that to me. As time went on we either ignored it all or used it to become rich, the stock market is buoyed up by the printing press money and since 2008 the number of millionaires has more than doubled. The housing industry has taken off, again. But with the more recent doubling down on printing and borrowing money to keep that can kicked down the road inflation has sprung up. It now takes $1,000,000,000,000 of fake printing press money every 90 days to keep the goddamn can kicked down that road to great depression 2.0. THAT is in addition to what is spent from record high tax revenues. AND THAT is what we can see... what can't we see? What are they still keeping secret from us?

The economy is not "good" it is a Potemkin economy. Everything is fake; the stock market is fake, almost everything is over valued by 100% - 200% or more. The housing market is fake. the job numbers are fake, there are 7,000,000 missing workers and we don't have a clue where they are or how they are surviving. Most of the gains in the fake job market stats are due to hiring illegal workers. The crime stats are fake, the truth is far worse than they will admit. Everything the federal government has it's fingers in is fake; that is they are lying to you because the truth will scare you, piss you off or both.

There is a red line in national and international economic data for debt of countries and that is when debt exceeds the GDP it's over there is no coming back and the only thing that can put it all back to normal is an economic crash where everyone goes bankrupt and after 2-10 years of suffering and hard work the country rises up from the ashes and effectively begins again. We didn't do that in 2008!!! We should have. It would have then taken 2 years of suffering to get out of the mess the Democrats caused with their crazy mortgage rule tampering. Instead we opted for Obama's printing presses (an idea he got from Zimbabwe just a ways South of Obama's birthplace in Kenya). Now we are going to have to take door number two which will be closer to 10 years of economic depression to fight our way out of this mess.

So how long will they keep kicking that can? And how long can they? I'm guessing that "IF" Trump wins the people in power (no, that isn't Biden) will take that opportunity to sabotage the country thus eliminating any chance of a controlled or mitigated economic collapse. They want the big one, the Oct 29 1929 crash 2.0. They will insulate themselves from it. Pelosi and the other Dems will sell their stock at the peak and move to a safe and quiet country to ride out the storm. But you won't have that chance. It's over, we just don't know it yet.