The United States is not Bankrupt By Michael David White. April 1, 2009. April Fool’s. Just kidding you. We actually are bankrupt. Do you want the full picture? Our strange and true story is here: Click Here: “Brother, can you spare $21 TRILLION?” Don't buy real estate: The best research on bank crises says property values will continue to fall until summer 2011. We have two more years of decline left -- if we use past experience as our estimator. Sell real estate: If you are waiting for prices to improve, you may have to wait five or ten years. Assume the price of your home will fall 25% from its value today. Then make the decision of whether or not you should sell today: Do you want to own your home in two years when it is worth 25% less than it is worth today? The argument for Plan Orange. The description of Plan Orange.
Thursday, 2 April 2009
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