GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Worst of financial crisis yet to come: IMF chief economist

onwebcam · 11-25-2008, 07:42 PM

This is going to be a bit different than the depression. I'll tell you the way I see it playing out if we don't put a stop to it. As of right now the Federal Reserve (a private bank) holds 80% of the US mortgage loans right now (in leu of the government). Once they unload this next round they will be in the mid to high 90's. They will flood the market with cash. This will throw the prices of goods into hyper-inflation. Those that did prepare or had homes paid off will have to draw on those homes to live. Those that didn't will default. Eventually all resources tapped. Everyone is dependent on the Government.

11-25-2008, 07:42 PM
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	This is going to be a bit different than the depression. I'll tell you the way I see it playing out if we don't put a stop to it. As of right now the Federal Reserve (a private bank) holds 80% of the US mortgage loans right now (in leu of the government). Once they unload this next round they will be in the mid to high 90's. They will flood the market with cash. This will throw the prices of goods into hyper-inflation. Those that did prepare or had homes paid off will have to draw on those homes to live. Those that didn't will default. Eventually all resources tapped. Everyone is dependent on the Government. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.