the liquidations will continue until they get humble and stack sats
we all know huge commercial real estate mark downs incoming. i smell a govt rescue into govt sponosred affordable housing in large metros. meanwhile, the same equity rescue not available for medium sized towns.
too big to fail cities will be a thing.
recall in the great depression, the big banks and their depositors were saved. the regional and small banks depositors were wiped out while their loans to those banks were transferred to other banks and they were made to pay or their house was forclosed.
bank liabilities waived, bank assets maintained. which means the inverse was true for many americans.
the book the great taking is about how this may again happen to the world's collateral.
hang onto your butts! hang onto your corn
#Bitcoin
https://mpalmer.heresy.is/webnotes/TheGreatTaking/index.html
