Showing posts with label we just called it like we saw it. Show all posts
Showing posts with label we just called it like we saw it. Show all posts

January 21, 2008

HousingPANIC Stupid Question of the Day

You do realize that some will blame us for this financial collapse underway, and their own deteriorating situation, right?

I'll remind people again that we simply reported the truth, and what was to come. Somebody had to do it. Take the threats and aggression to where it belongs - that would be the bankers, the politicians and the REIC of course.

And you should have known too. It hath been foretold.

The final phase is a self-feeding panic, where the bubble bursts. People of wealth and credit scramble to unload whatever they have bought at greater and greater losses, and cash becomes king.