While Federal mouthpieces and their overpaid media darlings report “stronger” everything across the board, fact hit us in the face again this morning.
According to the Commerce Department, home sales fell to their lowest level in eight months. If we actually had a housing recovery, as being reported by the media, this would be a setback. Since there has been no housing recovery in reality, there actually is no setback. Maybe this means things are better than they seem.
The working class peasants so despised by Washington and the Fed simply cannot buy new homes with decreased incomes. It’s beginning to look like a very opportune time to bring back fraudulent sub-prime loans. In doing so home sales will skyrocket once again, “good for media reporting”, and “too big too fail” banks can resume selling toxic mortgages to unsuspecting investors.
Never in U.S. history have we seen a more corrupt banking and political environment than we are witnessing today. When inmates run the asylum we should expect nothing less.
Gold Goliath is not your typical gold dealer.