Right again, Frank. People need to realize that the “markets" - indeed, the financial system as a whole - are fake and fraudulent. None of the numbers actually add up. The system is not closed; so market forces are meaningless and so are the numbers. This was made crystal clear when FASB 56 was introduced in 2019. It is no longer possible to put a meaningful valuation on anything. The financial system is not really a financial system. It’s a control mechanism.
Usually real estate, unless you are a fellow financial institution, in which case they will lend against paper. It's all one giant, steaming pile of fraud, re-hypothecated to infinity - the biggest house of cards in history!
Right again, Frank. People need to realize that the “markets" - indeed, the financial system as a whole - are fake and fraudulent. None of the numbers actually add up. The system is not closed; so market forces are meaningless and so are the numbers. This was made crystal clear when FASB 56 was introduced in 2019. It is no longer possible to put a meaningful valuation on anything. The financial system is not really a financial system. It’s a control mechanism.
Usually real estate, unless you are a fellow financial institution, in which case they will lend against paper. It's all one giant, steaming pile of fraud, re-hypothecated to infinity - the biggest house of cards in history!