There Is No Interest In Interest
How late does it have to be, how late in the day does it have to get, for people to actually come to their senses?
Is there such a thing, people coming to their senses?
How distracted have people become, when we look at their willingness to take on, to absorb huge risks? How much is in play today? What is really going on?
Central Banks are predicting of difficult times; interest rates continue to rise, inflation shows no sign of abating. We can listen to their sound bites, we can hear what they peddle; but the truth behind the mask, is the reality of life.
Things are going to get a lot harder, a long time before they get better; nobody need worry, the banks will protect them, governments will protect them, there is nothing to fear in this modern day capitalistic society. Greed is good, greed drives the economy; unfortunately, today and going into the future, greed will entrap the masses.
It already has done, look at people’s lives today, people don’t need to work to earn money, they can earn it passively; all they need to do is borrow to buy property.
Property was the name of the game, is it still a safe, wise investment; there are warning signs and signals being seen and being felt?
Negativity is raising its ugly head; and when negativity is felt in the markets, sentiment drops and people’s confidence falls away.
The heart of the markets is beginning to beat slowly, it is beginning to beat slower; nobody can really predict what comes next, apart from those who set the prices. And look at where those prices have been allowed to rise to, everything is overheating and being artificially pumped up.
So desperate were they to keep the velocity of money moving, that they created a mortgage market time-bomb; people the world over have been encouraged to buy properties that were massively overinflated in price.
The brokers did not care, they got their bonuses; the banks didn’t care, they sold the ‘book’, the mortgage book; is that why they refer to it as ‘passing the book’, give their problems over to someone else?
Do people have any choices today?
People are desperate for investment, what better way to insure profits than to bet on a sure thing. People thought they were clever, people were making money, people thought this expansion in home values would never stop; how many people are now facing the very real prospect of going into negative equity, and being left unable to secure a mortgage for love nor money?
Will the banks go down with the sinking ship?
Of course not, they simply repossess all the vacant and non-vacant properties and start all over again; after all, it wasn’t the banks that took the risks, it was the people who were encouraged to borrow the money in the first place.
Banks will fail, job losses will come, and the cost of living will eventually be too much for most people.
Will people’s memories of good times past, be enough to sustain them in the difficult times that lie ahead?
If people do not prepare, if people do not ready themselves, whose fault will it be when the tsunami of debt comes flooding back inland and tears down all that people thought was safe?
How many people do you know that are debt free?
Does anyone you know have a clue of what is going on in the background?