From here, it is not unusual to see this poll outcome …
Given the US government’s repeated protection of the Wall Street, which caused the economic crisis, do you think…
a) the United States is headed for a double-dip recession 16 %
b) the US economy will slowly recover at the expense of global economies 8 %
c) the US will plunge into recession again and spark another global financial crisis 31 %
d) the burden of the economic woes will prompt a popular revolution in the US 45 %
Sadly, IRIB has not rented time on 100 kw+ MW transmitters in Cuba to re-transmit a special program at nights for this movement … so the poll means not so much.
More police state intrusion
@AAF regardless of what any one tries to do here is what will most likely happen as the fed loses its ability to BUY off and intimadate the state governments they will be forced to fill in the power vacuums created “states rights” the state constitutions exist as a fail safe not a threat to the central gov. as most see it.
As the fed loses powed it will be picked up localy and states will form comon cause coalitions to address larger isues the 11 western group, the great plains and the east coast (might split north from south but it WILL NOT be a REBIRTH of the old south as the people who made up “the old south” have moved away for the most part and now live out west “manifest destiny” was the realization by the federal gov. that they would need to chase them all the way to the west coast.)
I agree with the author. Don’t borrow to buy a home since there are so many things that could effect your homeownership (health non-insurance, sickness, taxes, police state, falling trees, weather, energy costs, divorce, death – to name a few). And be VERY careful paying cash. There is some money out there, but where it’d go next is the question.
As most financial advice, you have to weigh your ability to deal with risk (age, credit availability, legal responsibility, support, etc.). And I can’t see the point of a reverse mortgage either.
If you already have a home keep it, if possible. Otherwise, just watch your step.