I don’t know about anyone else but as of late I have been watching real estate go for jaw dropping prices as fast as it hits the market, everywhere.
Out of control bidding wars, places going for far beyond the original asking prices and local populations being priced out of the market completely by Out Of State refugees rolling in money.
It is beyond insane.
As the old saying goes though, what can’t continue, won’t.
While the Residential Market is in a massive bubble, the same kind of fuckery that brought us The Great Recession that started in 2008 and still persists in some forms to this day, has been quietly bubbling away in the Commercial Real Estate markets (you should go read this).
There be Big Trouble coming from this in the not too distant future.
The real problem with that is because everything else is currently in a bubble, The Everything Bubble, when that one pops it’s likely to crater the entire world economy.
When I say crater, I’m talking this,
The Perfect Storm is brewing and the MSM is keeping a very tight lid on it’s progress.
I don’t have a clue what to do about it either.
Everything is fucked and nothing is safe. Precious metals are heavily controlled, they have historically been a last refuge to store wealth safely but the markets are as manipulated as a High School girl’s tits the first time she lets some horny kid get a hold of them.
This was very recently pointed out unmistakably when the Geeks at Reddit went after the physical Silver market and the response was very eye opening.
I wouldn’t trust a bank any farther than I could pick one up and throw it so what the hell is a guy supposed to do?
Sit back and watch it burn I guess.
At least I won’t be alone.