And how it will affect gold, I dont know. How it will affect America, I do. Remember in the 2008 housing debacle, the NAACP and other civil rights lawyers(always lawyers) were whining when minorities couldnt pay their mortgage that they were "victims" of unfair lending practices. Again....."victims" So when mortgage rates eventually hit 6 or 7 or 8% as would be normal, we will have a wave of defaults that will make 2008 look like a minor belch. And again there can only be 2 scenarios. Having a career in Law Enforcement, I can speak a little clearer than some. First we will have every civil rights lawyer in the country tring to keep minorities who havent made a payment, probably since 2008 lol...in their houses! More affirmative Action will be asked for. All off of our backs...again. Now...lets get to my area of knowledge. While all of this is going on, gang violence and random crime will start geting even more out of control. Anyone on this thread who has not watched at least 25% of the Gangland and the Lockdown documentaries are living in a hole. So we will be burdened with massive spending on more prisons, more law enforcement for the criminal, and more smoke and mirror mortgages for the ones that have jobs but cant pay. The black swan event for this decade is going to be AFFIRMATIVE ACTION. Do something. It is your America.