I think this debt deflation will see $10 million condos in Manhattan go for back taxes, or $150K. People will be struggling to get enough to eat and to survive and will only pay (as little as possible) for necessities that they can't get otherwise. Yes, prices will crash, just like in the 1930s.

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E. Do you really think we'll get lower oil prices long term? Don't you think that if we try to get something for nothing it will blow up in our faces?