/b/ - Random

By the way, I am a homeowner saying this. This is what should have been happening everywhere. I hope it does happen here. Unless it does happen everywhere then the oligarchy Epstein pedophile class keep getting richer hoarding assets while everyone else gets poorer and poorer which is not a sustainable system, certainly not representative of a free market. Everything is way overvalued today, driven by speculation and outright fraud.

Americans know nothing about capitalism anymore. It has been abandoned since we started outsourcing our industry and removed ourselves from the gold standard. That's OK, capital always finds another safe haven elsewhere once abandoned. As Martin Armstrong always said capital will always flee war and look for greener pastures, it has no alliance other than common sense.

I'm convinced we lost our way for good every passing day. If China allows the market to correct itself naturally without any intervention they'll have a very bright future ahead of them. It is very healthy for unsustainable bubbles to pop, for insolvent investments to go bust, for prices to stabilize without intervention, for markets to correct the record through math, supply and demand knows best.