MERS mess

Greetings, Dear Reader.

I haven’t blogged in a while as I was acting as roadie for the UK ‘Institute of Collapsonomics’ Irish road show. We had a blast while modelling the end of civilisation as we know it and doing some collateral liver damage at the same time.

Glad to see that while I was offline, that things have taken a turn for the worst, domestically.

Meanwhile, abroad, this news just in. The MERS fraud, that I wrote about a year ago, seems to have gone ‘mainstream’ now with several major banks having to cease foreclosures because they can no longer get away with outright fraud and forgery in their documentation.

I am not sure which is more amazing; that they banks’ lawyers were trying it on or that the defence lawyers took a year to cotton on to the fact that there was no evidence of anything – debt, ownership or payments.

America, once again revealed as the country that swallowed whole its own marketing ‘bull’ and believed it.

Anyway, the latest summary of the whole mess can be read here.

I expect it will take another year for the realisation that swathes of USA homes have no owners and no debtors to impinge on the tiny brains of the traders and wake everyone up to the fact that there is not likely to be a recovery  given this much uncertainty.

Sleep tight, my pretties – the world is falling apart….

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