I agree. We're gonna get a big hit when the Reminbi gets into the inner circle as a reserve currency. Dollar-denominated assets will take a hit, especially those commodity futures or other highly-leveraged assets. The announcement will come about October 17, and even the Treasury department "investments" in American stocks won't smooth that over.
Real estate in this country has been effectively given some price-support from foreign investment over the past few years, and that is likely to drop off some. In the ultimate analysis, the "value" of a home is only ever going to be about what the working wage-slave can afford on his earnings. We've been for a long time under pressure from that decline in earnings. The high-end housing, the $million+ market, will face a comparable pressure this time around. The cost of medical care has actually drastically increased under Obamacare for working Americans, who now often face paying $6,000 in up-front deductibles before "insurance" even begins to pay anything. Unless you have a major health crisis, you're a loser on this idea. The Supreme Court called it a "tax". Imagine that, now we tax people up front before giving them health care. Other taxes must also be raised. Long-term, that will mean more deductions on your take-home. The Obama "amnesty" is also a tax on working Americans, a huge re-distribution of income that reduces our ability to pay for housing. All told, we're in for another huge decline in our real estate values.
And besides all that, we're vulnerable to an EMT nuke detonated twenty miles up in space. . . . . satellite orbit. . . . where we will not even see a launch, and it might already be up there.
Probably a good time to get unhooked from our internet addictions and learn to think for ourselves, grow tomatos in our front yards, and bottle some peaches.
