Very important and interesting read …
Read the whole thing …
Gonzalo Lira: The Second Leg Down of America’s Death Spiral
Great summary. We were just starting the process of refinancing, given the 50-year interest low, but as all this become public, the question arose, “Are we even paying the entity that holds our note, who can give it to us when the loan is paid?”If that answer isn’t discovered for “x” number of year…
https://gonzalolira.blogspot.com/2010/10/second-leg-down-of-americas-death.html