Kill the casino and rebuild physical economy.All the rivers run into the sea,
Yet the sea is not full;
—Ecclesiastes
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Price pressure on the underlying asset backing the greatest financial bubble ever created continues unabated...
If real estate's downward price spiral is to be stopped, then what must immediately change are the legitimacy of derivative claims serving to maximize leverage. Toward this end a return to community-based banking is imperative. Yet beyond this basic restructuring is the need for such investment in physical economy as offers abundant opportunities to leverage productivity efficiencies created as a result. This, and this alone, is where that real wealth necessary to back today's legitimate financial claims will materialize and put a stop to the negative feedback loop that remains today's real estate / Ponzi finance dynamic.
—Tom Chechatka
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