Coming Economic Earthquake

___The federal government blaming the lenders for the “mortgage crisis” of 2007 is like someone throwing cash from a rooftop and blaming people for picking up the money! The Fed maintained very low interest rates far too long. The government threatened lawsuits for racism if minority loans were denied. Presidents bragged about increases in home ownership. The lenders packaged the loans and sold them as quickly as possible.

___Fast forward to 2016. Global interest rates are so low that Japan and Germany have negative interest rates. The Obama Administration's goal is income and wealth re-distribution. Taxpayers subsidize sub-prime lending, forgiveness of debt and HARP loans. Work requirements for welfare have been dropped and the rolls of the non-working have swelled. The divider-in-chief has sown discontent and class warfare and our police are reaping the consequences.

___The stock market is at an “all-time high,” but the value in constant dollars has decreased. It is a financial sham. When this bubble bursts, the effects will be much worse than 2007!