GoFuckYourself.com - Adult Webmaster Forum - View Single Post - The large financial crisis has just begun, 1.6 trillion dollars losses

xmas13 · 07-08-2008, 02:50 AM

Debt is paper, worthless. It's just a promise.

Promise = lie.

A house of cards built on a mountain of lies. Will fall sooner or later anyway, if not during our lifetime, then later. You can't mortgage / borrow against finite resources indefinitely.

Real estate in the West is a gigantic ponzi just like retirement funds, insurance and banking.

07-08-2008, 02:50 AM
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Debt is paper, worthless. It's just a promise. Promise = lie. A house of cards built on a mountain of lies. Will fall sooner or later anyway, if not during our lifetime, then later. You can't mortgage / borrow against finite resources indefinitely. Real estate in the West is a gigantic ponzi just like retirement funds, insurance and banking. __________________ ICQ 557504926 Last edited by xmas13; 07-08-2008 at 02:52 AM..