As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economists have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
When trading, use a risk management approach with strict stop losses and definite targets for when to grab profits. Or you could simply invest in ETFs monthly, which is equivalent to saving money but a lot more dull.
That's right, stocks isn't for rookies but that doesn't mean they have to stay off Stocks, I started as a rookie and in my first 8 months, I made a profit of about $800,000 with no funny strategies, I basically was just following the steps and guideline from my advisor as long as you've professional help, you're good to go.
My consultant is Colleen Rose Mccaffery I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
I just looked up this person out of curiosity, and surprisingly she seems really proficient, I left her a note hopefully she responds soon I thought this was just some overrated BS, I appreciate this.
"Impossible to plan our lives while the system is as rotten as it is..." - So true. We're headed for an uncontrolled demolition brought by the systematic foolishness of the ruling economists.
Assets are going to be the only thing that survives this transition. We’ve had many transitions but they don’t normally come in someone’s lifetime. The change coming is going to wrong foot most, even those who know it’s coming as what can we as average person do? Get out of cash as much as possible and keep food for 3 month rolling buff… it’s nuts. I’m not sure by design but certainly greed and self interest, which is perhaps the same thing as design?!
True.Jamie the bankster along with Bof A short metals.Dollar stays as king dollar no matter what.Basically we sell weapons and buy stuff from the World free since our’s is fiat currency.Print and then rob the World
I’ve not commented before. I’m from England and have been subscribed to this channel for several months. Every single interview I’ve heard has given me at least one interesting take away point. I learn far more here than anywhere else. Adam and every single guest - thank you! PS I’m investigating gold as we speak!
Adam, thank you for these invaluable interviews. I find myself wishing I had kept track of each interviewee’s stance and had compiled a chart comparing their outlooks of the past with what actually occurred. If you have that information readily available, I’m sure viewers would greatly appreciate the short video with you reviewing such a chart. Thanks again!
He’s so right. Our kids and the monetary world they have to either survive in or thrive in is THE most important thing when the next looming large disaster is upon us. I can’t imagine leaving this world with the same ugly evil unfair monetary still in place for younger generations ….and younger gens that for the most, have NO IDEA whats coming or what needs to happen when we hit the wall. Very important to teach them all this I believe so they can navigate through it
It is always when we are halfway out the door and too late to do anything that we realise the truth. That’s how history gets to repeat itself with a new cast who think they will be different.
Great interview, as always! I would be interested in you having the group/person that works with farmland to turn it into "organic" farmland. Thanks Adam, and keep up the great interviews!
Adam, very interested in your comment regarding converting regular use farmland to organic as investment category...would love to hear you interview a guest regarding this topic.
The Fed has to suck out the excess liquidity in order to regain control of credit markets. This makes an asset price reset imperative, since high priced assets create more liquidity. This means stock and bond prices and real estate. CRE is adjusting now.
Adam, great interview! Always love hearing from Alastair. I’d also love to hear more about investing in farmland that’s going from conventional to organic. Thank you!
I am really interested in the organic farmland company. I am very interested in investing in a company like this. I am a huge supporter of organic food and believe that it is the future of the food industry.
From what I’ve heard 100% organic is a bad and unsustainable idea. Due to certain requirements being so very hard and expensive to achieve. But we could easily 90-95% of what it achieves at a much reduced cost. The extra 5% makes it so expensive.
Organic food becomes too expensive in a recession to sell well. So are ESG products unless there is no increase in price. That is why AI may be the solution which doesn’t complain about work-life balance nor asked for a higher salary.
Hey Adam! Yes please! I would definitely be interested in hearing more about organic farming for both an monetary investment but also a health investment for our community. More and more we find out how damaging conventional farming is for health so it would be a total blessing
Now that the "debt ceiling" has been removed, govt spending will finish us off quickly. Food, shelter, energy. (I felt contrary to the recent electricity cost hikes, so I bought a camp stove and've knocked over $100/mo off the bill using it just for coffee -- also, stopped using microwave oven).
Just within the past year or so, Mr. MacLeod has started saying "leverage" on occasion. He's been taking pity on us Yanks. It took me a few tries to figure it out, but it clicked one day when he was speaking about banks being "geared 100-1."
"The world is moving away fro us Adam" Alasdair MacLeod July, 2023. He's got this one suuuuper right! The mith of " The American exceptionalism" is ending.
From 11:00 minutes though 12:30 MacLeod describes the end of crisis as laid out in "The 4th Turning." The rise of a pragmatic leader who is able to cut through all the things that are not working in our society. Is a hunger arising that will open the door to this type of leader? I for one am ready.
I don’t know who it is at this point but I am open. Not to be pedantic but Strauss and Howe talk about a leader coming from the Gen X generation i.e., the latchkey kids who had to fend for themselves early on in their lives. In other words pragmatists. Right now the only candidate fitting that description is De Santis. Not an endorsement. I read the mood as the Not-So-Silent Majority rising. In the past that has presaged a hard turn to the right. Which simply can be seen as a return to normalcy. But have we seen our ‘Grey Champion’ yet.
FED Negative Equity: From Adam I heard market rates increased which drove our Central Bank to technical insolvency...which they financially did. BUT the Death Spiral and irony falls back on Powell's desk. FED policy raised the funds rate creating its own insolvency...this is the real explanation and the conundrum. IOR or Interest On Reserves is the real policy issue needed to be incorporated into these excellent discussions...what would happen if this policy was discontinued (rate payments shift back to to the undercapitalized weaker banks and the growing Deferred Asset "future economic" US Taxpayer Receivable stops compounding...this is not sustainable and nobody in Congress is asking why this continues? IMO, this policy is what's Broken meaning the FED itself and ample reserves need to be reduced on the Liquidity Preference Curve to historical NON-IOR levels allowing Speculative QE Asset Values to reset the market stage back to NPV fundamentals...this experiment is proven incorrect.
Organic is a much abused term. All food is organic as it's carbon based. If Organic labelled food is cleaner, less toxic or otherwise more wholesome it's purely incidental.
For all those who get their paychecks through auto-deposit, which is mandatory for most these days. Can you speak on where the best place is to recieve these funds?
There is practically no more option for homesales that can even purchase equal value for equal value ..its a debt market and people just want others to pay for their debts by holding the mortgages industry hostage trying to move from place to place.
Would love to know how you think small to medium trusts, let’s say million to 5 million, should be managed in these troubling times especially with the rules binding them (% bonds, etc.)? Would it be worth a video? There are so many of them and no one ever talks about them and their issues.
We NEED Alastair Macleod, Brent Johnson and Michael Every; all three to have a discussion. They are all brilliant and informed but coming to very different conclusions
How can any country accept terms of peace treaty when invader claims part of their territory and that invader was granting them safety in Budapest Memorandum in 1994. How can Ukraine accept that Russia will stop. They invaded Ukraine in 2014 after that Ukraine accepted peace for some time and that time was used by Russia to prepare whole scale invasion. I would like to know how can you accept peace with new parts of Ukraine being claimed by Russia and not be worried that in 5-10 yeas there will be another invasion to Ukraine. I live in Slovakia and we remember how our countries were invaded by USSR so it is quite different and I would like to see how Alasdair move to live in Russia that he described as best place to be right now in previous video.
Its tantamount to congressional oversight in bankruptcy claims and consumer finacing with lein laws in homeowners ... how many homeowners have homes with collateral debt inked into the homes price and value that isnt even theirs?
Not very encouraging that the dollar finished near lows and the market didn't go up as the 10 year yields finished up and HYG finished below it's 50 day MA. Not printing enough money so far. If the selling volume picks up in the indexes as this continues then watch out below.
good interview. 4th Turning = Chaos. "Investing" during chaos is for the rich who can afford loss. People with modest means are better off sitting on 5% "cash" until some semblance of order returns...
As time goes by the population of market traders is further and further from having experience with genuine economics. Minimum wage, college for all, and a closed gold window seem normal to the market. Fewer people remember the lessons learned from having a paper route (where 12 year olds deliver newspapers daily by bicycle and got paid). Fewer people know how to maintain let alone repair a vehicle. Even those old enough to value savings have been struggling to make savings last. Interesting times. Most people don’t like or trust an up-only elevator, and are probably poised to bail out unless they’re not paying attention or are too young.
Re investing … Rolex ,Bitcoin , Gold , as part of a port folio .. i do like Alistair 👏👏👍 great informative guest .. Re comment to politicians and reliable .. Nigel Bridgen ex Tory now uk reform party .👏👏✌️
I think you are right that the EZ next credit crunch will spark a move at least in short term to the USD. The US Dollar will almost certainly be the last man standing of the western countries/ currencies.
I have held Hussman funds for several years, they've been an absolute dog. Though he sounds smart, the proof is in the pudding (i.e. fund performance) and he's been shedding AUM for years now. And federal reserve can never be insolvent, as long as they have the ability to make the printer go brrrrrr. Only hidden tax, you guessed it, inflation which is like the thief who steals / taxes us from the general public in the night (US citizens, but increasingly those who hold US denominated assets abroad).
Nato does not even conceive that Russia is stronger than Nato. Nato imagines that Russia will do anything to avoid conflict with Nato. However, from the Russian perspective the only solution that gets them to some sort of stable resolution is confrontation with and defeat of Nato. All the evidence suggests that is what Russia is preparing for, all while Nato is making 0 preparation because they believe they hold the initiative.
To big to fail banks have already wrote off debt and capital losses but somehow people that still hold mortgages with these people have to pay the debt meanwhile they went bankrupt? Then they have the tenacity to still send these mortgages to collections and collect on them? If you went bankrupt? How is it you even hold the mortgage as a bank and not the homeowner having title or discharge of debt? It's abusing what I call the universal loan instrument used in real estate as a promissory note! Makes it a non negotiable instrument! Why wouldnt a bankruptcy break the instrument? Hiw can they legally sell it off knowing they are going bankrupt?
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economists have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
When trading, use a risk management approach with strict stop losses and definite targets for when to grab profits. Or you could simply invest in ETFs monthly, which is equivalent to saving money but a lot more dull.
That's right, stocks isn't for rookies but that doesn't mean they have to stay off Stocks, I started as a rookie and in my first 8 months, I made a profit of about $800,000 with no funny strategies, I basically was just following the steps and guideline from my advisor as long as you've professional help, you're good to go.
@@Nernst96 But Please, who is the advisor that assists you with your investments?
My consultant is Colleen Rose Mccaffery I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
I just looked up this person out of curiosity, and surprisingly she seems really proficient, I left her a note hopefully she responds soon I thought this was just some overrated BS, I appreciate this.
"Impossible to plan our lives while the system is as rotten as it is..." - So true. We're headed for an uncontrolled demolition brought by the systematic foolishness of the ruling economists.
by design
Assets are going to be the only thing that survives this transition. We’ve had many transitions but they don’t normally come in someone’s lifetime. The change coming is going to wrong foot most, even those who know it’s coming as what can we as average person do? Get out of cash as much as possible and keep food for 3 month rolling buff… it’s nuts. I’m not sure by design but certainly greed and self interest, which is perhaps the same thing as design?!
I’ve got nuts and chocolate😅
True.Jamie the bankster along with Bof A short metals.Dollar stays as king dollar no matter what.Basically we sell weapons and buy stuff from the World free since our’s is fiat currency.Print and then rob the World
Yes. I remember when you brought on the farmland expert and I would love to hear from him again.
I learn more in this channel than anywhere. High level guests, good communication, everything is there. Congratulation and thank you.
I’ve not commented before. I’m from England and have been subscribed to this channel for several months. Every single interview I’ve heard has given me at least one interesting take away point. I learn far more here than anywhere else. Adam and every single guest - thank you!
PS I’m investigating gold as we speak!
Yes Adam, please bring back your organic farmland expert. Thank you
I enjoy listening to Alisdair. He's extremely intelligent and very genuine.
I agree-but I will not be buying shares in ecocidal gold mining corporations!!!!
bring back both Simon Hunt and Alasdair MacLeod again soon
Love hearing Alasdair's points
Mike and John on point as always too!!
Thank you Gentlemen!
Yes, I would like to see a talk with the company who invests in conventional farm land (with water rights) which is converted to organic.
Adam, we would enjoy learning of opportunities to invest in organic farming in the states and south. We live in Naples.
I’d like to hear more about investing in farmland through the vehicle you mentioned.
Definitely interested in the organic farm investment opportunities.
Adam, thank you for these invaluable interviews.
I find myself wishing I had kept track of each interviewee’s stance and had compiled a chart comparing their outlooks of the past with what actually occurred. If you have that information readily available, I’m sure viewers would greatly appreciate the short video with you reviewing such a chart. Thanks again!
I'd love to learn more about the organic farm land fund...
He’s so right. Our kids and the monetary world they have to either survive in or thrive in is THE most important thing when the next looming large disaster is upon us. I can’t imagine leaving this world with the same ugly evil unfair monetary still in place for younger generations ….and younger gens that for the most, have NO IDEA whats coming or what needs to happen when we hit the wall. Very important to teach them all this I believe so they can navigate through it
It is always when we are halfway out the door and too late to do anything that we realise the truth. That’s how history gets to repeat itself with a new cast who think they will be different.
Great interview, as always! I would be interested in you having the group/person that works with farmland to turn it into "organic" farmland. Thanks Adam, and keep up the great interviews!
Yes please bring the FARMLAND specialist!
Please share the farmland fund information you mentioned.
I'd be very interested in a episode about ag/farmland investors.
All I can say is WoW. Alasdair 😮
Thank you Adam. Yes. Please let us know more about investing in farming and farm land.
Yes, please, do bring in for discussion good land related investment companies. Thank you!
Yes, farmland!! Especially if dividends are paid in produce.
Interested in learning and investing in the Organic Farmland fund you mentioned!
It's time to bring in a new, non-centralized, financial system for the next generation. The amount of fraud needs to be cut back to avoid disaster.
Hi Satoshi
Psychology is a huge part!👌
Adam, very interested in your comment regarding converting regular use farmland to organic as investment category...would love to hear you interview a guest regarding this topic.
Alistair great to receive your knowledge ❤
The Fed has to suck out the excess liquidity in order to regain control of credit markets. This makes an asset price reset imperative, since high priced assets create more liquidity. This means stock and bond prices and real estate. CRE is adjusting now.
I'm interested in the organic farmland info. Can you refer me to the previous videos on this subject?
I’m interested in farming investments Adam!
Alastair is becoming a favorite
Adam, great interview! Always love hearing from Alastair. I’d also love to hear more about investing in farmland that’s going from conventional to organic. Thank you!
I am really interested in the organic farmland company. I am very interested in investing in a company like this. I am a huge supporter of organic food and believe that it is the future of the food industry.
From what I’ve heard 100% organic is a bad and unsustainable idea. Due to certain requirements being so very hard and expensive to achieve. But we could easily 90-95% of what it achieves at a much reduced cost. The extra 5% makes it so expensive.
Second the motion!
Organic food becomes too expensive in a recession to sell well. So are ESG products unless there is no increase in price. That is why AI may be the solution which doesn’t complain about work-life balance nor asked for a higher salary.
Thank you very much...
Hey Adam! Yes please! I would definitely be interested in hearing more about organic farming for both an monetary investment but also a health investment for our community. More and more we find out how damaging conventional farming is for health so it would be a total blessing
Now that the "debt ceiling" has been removed, govt spending will finish us off quickly. Food, shelter, energy. (I felt contrary to the recent electricity cost hikes, so I bought a camp stove and've knocked over $100/mo off the bill using it just for coffee -- also, stopped using microwave oven).
Just within the past year or so, Mr. MacLeod has started saying "leverage" on occasion. He's been taking pity on us Yanks. It took me a few tries to figure it out, but it clicked one day when he was speaking about banks being "geared 100-1."
Would love to hear more on investing in farm land. I'm also a grain farmer
"The world is moving away fro us Adam" Alasdair MacLeod July, 2023.
He's got this one suuuuper right!
The mith of " The American exceptionalism" is ending.
From 11:00 minutes though 12:30 MacLeod describes the end of crisis as laid out in "The 4th Turning." The rise of a pragmatic leader who is able to cut through all the things that are not working in our society. Is a hunger arising that will open the door to this type of leader? I for one am ready.
Bernie Sanders
Bernie’s heart may be in the right place, but on solutions he’s clueless. He actually believes socialism works.
RFK Jr is that leader 🔥
I don’t know who it is at this point but I am open. Not to be pedantic but Strauss and Howe talk about a leader coming from the Gen X generation i.e., the latchkey kids who had to fend for themselves early on in their lives. In other words pragmatists. Right now the only candidate fitting that description is De Santis. Not an endorsement. I read the mood as the Not-So-Silent Majority rising. In the past that has presaged a hard turn to the right. Which simply can be seen as a return to normalcy. But have we seen our ‘Grey Champion’ yet.
FED Negative Equity: From Adam I heard market rates increased which drove our Central Bank to technical insolvency...which they financially did.
BUT the Death Spiral and irony falls back on Powell's desk. FED policy raised the funds rate creating its own insolvency...this is the real explanation and the conundrum.
IOR or Interest On Reserves is the real policy issue needed to be incorporated into these excellent discussions...what would happen if this policy was discontinued (rate payments shift back to to the undercapitalized weaker banks and the growing Deferred Asset "future economic" US Taxpayer Receivable stops compounding...this is not sustainable and nobody in Congress is asking why this continues?
IMO, this policy is what's Broken meaning the FED itself and ample reserves need to be reduced on the Liquidity Preference Curve to historical NON-IOR levels allowing Speculative QE Asset Values to reset the market stage back to NPV fundamentals...this experiment is proven incorrect.
Organic is a much abused term. All food is organic as it's carbon based. If Organic labelled food is cleaner, less toxic or otherwise more wholesome it's purely incidental.
For all those who get their paychecks through auto-deposit, which is mandatory for most these days. Can you speak on where the best place is to recieve these funds?
If only there were a new form of currency, non-inflationary, removed from the control of banks, maybe something digital.
"Removed from the control of banks." Unfortunately, governments will never let that power slip away.
@@makeyourlifeeasier5794 There's more of us than them.
There is practically no more option for homesales that can even purchase equal value for equal value ..its a debt market and people just want others to pay for their debts by holding the mortgages industry hostage trying to move from place to place.
I would like to see more about investing in farm land
QE ... is terrible!! Why didn't FED dump when they had a profit??? If not then, THEN WHEN???
YES everything has slowed, but inflation not going away, GOTTA remove QE to stop inflation!!!
Thank You Alasdair For All You Do... Never A Dull Moment!
This is all good and well but you've missed a critical point. This isn't incompetence, this is intentional.
Adam, this technology you are referring to an agriculture has been around for the last 2 decades. I work in California.
I work in agriculture.
Introducing a new payment system backed by gold will not require a bond market. Wish we could see Glaziev's plan.
What is sticky a code word for
Would love to know how you think small to medium trusts, let’s say million to 5 million, should be managed in these troubling times especially with the rules binding them (% bonds, etc.)?
Would it be worth a video? There are so many of them and no one ever talks about them and their issues.
You have his name misspelled in the title!
We NEED Alastair Macleod, Brent Johnson and Michael Every; all three to have a discussion. They are all brilliant and informed but coming to very different conclusions
"Fiat, is fiat, is fiat, it doesn't work, it always collapses" Alasdair MacLeod July, 2023
The best quote to summarize fiat.
Austerity through term limits on our politicians will help our system.
Austerity on time of politicians! Love it.
How can any country accept terms of peace treaty when invader claims part of their territory and that invader was granting them safety in Budapest Memorandum in 1994. How can Ukraine accept that Russia will stop. They invaded Ukraine in 2014 after that Ukraine accepted peace for some time and that time was used by Russia to prepare whole scale invasion. I would like to know how can you accept peace with new parts of Ukraine being claimed by Russia and not be worried that in 5-10 yeas there will be another invasion to Ukraine. I live in Slovakia and we remember how our countries were invaded by USSR so it is quite different and I would like to see how Alasdair move to live in Russia that he described as best place to be right now in previous video.
Its tantamount to congressional oversight in bankruptcy claims and consumer finacing with lein laws in homeowners ... how many homeowners have homes with collateral debt inked into the homes price and value that isnt even theirs?
Good interview good guest
I’d be interested for additional information on farmland investment
Not very encouraging that the dollar finished near lows and the market didn't go up as the 10 year yields finished up and HYG finished below it's 50 day MA. Not printing enough money so far. If the selling volume picks up in the indexes as this continues then watch out below.
What if we had a candidate that knows taxation is theft?
Goldmoney is Canadian.
Canada only has four banks, I'm told.
So: No.
Still bearish. OMG.
If banks are insolvent..how can you sell mortgages down the line? Wouldnt that make you solvent? So isnt this too big to fail system running a scam?
Does anyone know what happened to 321gold?
good interview. 4th Turning = Chaos. "Investing" during chaos is for the rich who can afford loss. People with modest means are better off sitting on 5% "cash" until some semblance of order returns...
*I* Will Have to be Rescued! ... Too.
Adam I am interested in farmkand investing
We need man of peace and vision. Alasdair is of them
I am definitely interested in farming investing.
As time goes by the population of market traders is further and further from having experience with genuine economics. Minimum wage, college for all, and a closed gold window seem normal to the market. Fewer people remember the lessons learned from having a paper route (where 12 year olds deliver newspapers daily by bicycle and got paid). Fewer people know how to maintain let alone repair a vehicle. Even those old enough to value savings have been struggling to make savings last. Interesting times. Most people don’t like or trust an up-only elevator, and are probably poised to bail out unless they’re not paying attention or are too young.
Let them fail? Then remove ECB from treaties so European Members of Parliament have control so voter accountability?
LETS GO!.
The main focus is on mortgage holders but businesses are at more risk. Many zombie companies who can only pay their near zero interest loans.
Rescuing the banks is what destroys the currency, which you blame the government for not the banks.
Re investing … Rolex ,Bitcoin , Gold , as part of a port folio ..
i do like Alistair 👏👏👍 great informative guest ..
Re comment to politicians and reliable .. Nigel Bridgen ex Tory now uk reform party .👏👏✌️
Controlled deflation might be the best option they will refuse to try.
I think you are right that the EZ next credit crunch will spark a move at least in short term to the USD. The US Dollar will almost certainly be the last man standing of the western countries/ currencies.
No coffee and donuts????
Booyah 👊🏽 😁 👍🏽 🇺🇸
Adam, do you ever respond to anyone?
Alasdair is welcome at my fire
Fiat currency is historically the worst curse of civilization.
Debt leverage increases both risk and return. On the upside it looks good; on the downside it’s a catastrophe.
Farmland funds: FPI and LAND are worth a look.
:Banks will need to be rescued." It already cost me a fortune rescuing one bank...it was called "The Ex-Wife Bank.:
Hmm. I think this guy overstepped his expertise when he got into the Ukraine war.
Rates will Drop back to Zero in order to balance the equation....after all, the banks as a whole are technically insolvent !
I’d like to know about the upcoming land fund
I’m interested in farm land for passive investment
I have held Hussman funds for several years, they've been an absolute dog. Though he sounds smart, the proof is in the pudding (i.e. fund performance) and he's been shedding AUM for years now. And federal reserve can never be insolvent, as long as they have the ability to make the printer go brrrrrr. Only hidden tax, you guessed it, inflation which is like the thief who steals / taxes us from the general public in the night (US citizens, but increasingly those who hold US denominated assets abroad).
Nato does not even conceive that Russia is stronger than Nato. Nato imagines that Russia will do anything to avoid conflict with Nato. However, from the Russian perspective the only solution that gets them to some sort of stable resolution is confrontation with and defeat of Nato. All the evidence suggests that is what Russia is preparing for, all while Nato is making 0 preparation because they believe they hold the initiative.
Its more like osmosis of the too big to fail banks entering a vacuous hole in your local bank...local banks absorbed the bad debts!
To big to fail banks have already wrote off debt and capital losses but somehow people that still hold mortgages with these people have to pay the debt meanwhile they went bankrupt? Then they have the tenacity to still send these mortgages to collections and collect on them? If you went bankrupt? How is it you even hold the mortgage as a bank and not the homeowner having title or discharge of debt? It's abusing what I call the universal loan instrument used in real estate as a promissory note! Makes it a non negotiable instrument! Why wouldnt a bankruptcy break the instrument? Hiw can they legally sell it off knowing they are going bankrupt?
We give them money, they profit from it not us!