Housing Meltdown: Why home prices could drop 25% more on average

Well, this is true for mere mortals like you and me, but for a government that embraces a fiat currency and a central bank that will multiply money at will, this is not a problem, and it never will be; they can get all the money the need, and all the money they want, anytime they want! Hell, they could pay off the national debt in one day if they wanted to! Hahaha!

For me, it's all about the money and how all of this spending will be accomplished by a brain-dead Federal Reserve creating the money out of thin air so that the government can borrow it, and how all of this money will drive the national debt up more and devalue the dollar even more, which makes consumer prices go up, and then I have to spend a lot more of my Valuable Mogambo Time (VMT) answering the phone and listening to my brothers and sisters and mom and dad and aunts and uncles wanting to borrow some money from me because prices are so high that they cannot afford any food, and I tell them, 'Well, sell some of your gold that I have been yelling at you to buy for years and years!' and they say that they didn't buy any, but they wish they had, and then I tell them, 'Well, similarly I am not going to give you any money, but I will wish I had! How about that, moron?'

But the worse news is that this 'military Keynesianism', which is 'a policy embraced with equal fervor by both parties in Congress', will not even work. read more