YOUWALKAWAY.COM — Strategic default as the New American Dream. “So, we have dramatically bad unemployment in the youngest age demographic, middle-age demographics have seen net worth crushed in the last few years and are lucky to have a job, and now the elder demographic is increasingly opting for strategic default. All-in-all, not such a rosy picture.”
Beware the coming Middle Class Anarchy that is the fruit of a ruling class that demonstrates its own contempt for the rule of law. People don’t like to feel like suckers. Related thoughts here.