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Replying to:

> Collapse of U.S. Economy Imminent

12 April 2008 23:44, by Bob
The extent of the problem of mortgage foreclosure circa 2008 was unknown to the author in 2006 when the post that this post is respondent to was made. Real Estate is is all Tuna! What were supposed to by warm homes in which to raise families have become just another cold item to buy and sell for a profit. The mortgage meltdown of 2008 is the result of the buying and selling without regard to intrinsic value (or the lack of it). Yes the US government can “print money”, all that it wants to, but that never changes the amount of value behind the currency. You have to (...)


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