Correction: The United States is Insolvent.

I would like to begin this post with an apology.

I had written many posts concerning our financial markets, and how we as a nation are insolvent.

When I wrote those posts, I had in mind some future realization that the United States, and indeed, many other fiat nations such as Japan, were heavily indebted and would undergo some form of economic crisis at that time.

Well, it turns out that BANKRUPTCY IS ALREADY HERE, AND WE THE AMERICAN PEOPLE HAVE BEEN WORKING FOR OUR MONEY MEN MASTERS SINCE THE 1930'S [1][2][3].

If this is true, and I am researching this to see if it is, then our current housing crisis begins to make tons of sense.

If the land of this country has been pledged to our creditors, and if the people who own the real estate who make the payments on the real estate are also being used as collateral, then any major crash in the housing market would be a big fat hairy deal to our creditors, the International Bankers to whom we are beholden, not to mention the creditor nations who have bought billions of dollars in DEBT instruments from us, otherwise known as U.S. Treasury bonds.

Please remember that the government has very little resources of its own. Everything that they back with the full faith and credit of the U.S. Government is ultimately paid for by... you and me.

We live in interesting times. It seems that the truth of things, long suppressed, is beginning to come out. Don't take my word for anything though.

Examine the information for yourself.

Kumo out.