[SkyPilot]

And just wait till baby boomers find that their retirement funds won’t sustain their lifestyle, ie: mortgage and tax payments, etc. Massive sell off affecting Millions of their homes will crash the real estate market in spite of low mortgage rates. Low wages and high unemployment won’t save the day.

Very, very true.

Also, the globalists at the Fed and our left wing economists think the key to a "growing" economy is consumption - instead of less debt and more production.

In other words, as long as the idiots keep buying absolutely unneeded and useless things on their VISA card, all is looking good.

Nothing could be further from the truth.

[MarchonDC09122009]

Very valuable chart you posted.
Debt elasticity can only expand so far, til it painful snaps the economy back into reality.