Just when we thought it was safe to go back in the water!

[Michaelaw]

I said last year the US economy would tank this year and I'm thinking I may be right yet. This foreclosure thing is is starting to smell very bad and ultimately, very dangerous.

LINK

[Michaelaw]

More digging turns up that Denninger has a few years history of singing doom and gloom (I'm gonna bet we could be brothers ). Him aside, the fraud aspect of this is mind boggling, I mean could you sell the same car ten times and get away with it? Personally I think greed and misplaced values are going to smack us globally at some point, and I'd be betting on soon. I can be debt free by this time next year if they can just keep the balloon from popping that long. "Do unto others as would have them do unto you". Somehow, this main ingredient in the global recipe was misplaced, never making it into the cake.