Community
I have tried to remain positive in the midst of this crisis. I see no decisive action, from either the banks or the leaders. I look around, I hear the buzz. The banks are panicking now.
The banks are calling in their loans - even those of their best and safest customers. Shooting themselves in the foot.
The rot has gone too far.
If even the most well-heeled among their customers are being squeezed and shut out, there is little hope. Customers will need to unload assets. Real estate.
Down we go. The last remnant of the banks' balance sheets is being shredded and thrown out. Their customers. All real-estate prices will crash. Australia and Canada will not be immune. It doesn't matter whether your prices were inflated or not, they're toast. It's happening already.
Get gold, currency will be worthless - as governments appear to be - is it just too late? They'll be the next to panic.
Nationalise the banks. They are incapable of recovery. They too have lost all rationality.
p.s. I have no loans, nor bank shares, and I bet you wish you didn't too.
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