Just read two articles that, on the surface, have absolutely no connection to each other.
Here is the link to the first one.
Link:http://goldsilverworlds.com/physical-market/how-the-coming-silver-bubble-will-develop/
The second one I read a couple of days ago and unfortunately it has disappered from the source I used.
It describes how a married couple tried to qualify for a mortgage. They live in Great Britain and were willing to put 80% (eighty percent - 200,000 pounds) for a downpayment and wanted a mortgage for the other twenty percent (40,000 pounds).
They were turned down because the didn't meet all of the institutions criteria.
Both were gainfully employed and in good health. Unfortunately she was 66 and he was 77.
Comment:
The stupidity in the first article is that those manipulating the markets cannot see the "forest for the trees". They only see the "short-term" and don't realize what future problems they are causing.
In the second article, I have to ask the financial houses "what is the downside"?
If these people don't pay the balance, there is more than enough equity in the property for them to recover their losses with lots left over,: a deal that any investor in the private sector would jump at.
So you see, imo "the idiots really are running the asylum".
"We live in interesting times"
Good Luck to all!