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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (251358)	6/1/2010 10:52:15 PM
From: Skeeter Bug	Respond to of 306849

>>Not true. The current financial state of many cities, counties, and states is definitely forcing reality on them because money costs, and it costs more the shakier the entity is. This is very elementary.<< no, they are already bust now because there was no fiscal restraint in the first place! handing $23.7 trillion in guarantees to bankers is "fiscal restraint?" taking credit parabolic to GDP is "fiscal restraint?" fiscal restraint after the system is broken due to a total lack of fiscal restraint isn't something to be bragged about, imho. we haven't even seen fiscal restraint put into place just yet. if i had to guess, though, i think we will - by the hand of the private bankers. they are currently printing trillions and giving it to themselves. once they have their cash, they will impose "austerity" and collapse the private economy so they can then spend that trillions they printed from nothing and buy up society. for the first time in history, banks own more homes than american citizens. we've only just begun. this is nothing new... "From now on, depressions will be scientifically created." — Congressman "Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation.” (Congressman Charles A. Lindbergh, The Economic Pinch, 1921.) ourrepubliconline.com Charles got it right away. This criminal banking cartel appreciates your support, though. remember, THEY BROKE BLACK LETTER FEDERAL RESERVE LAW to create their period of inflation. THEY BLACKED OUT TALKS OF HOUSING BUBBLES DURING FEDERAL RESERVE MEETINGS TO KEEP THE PEOPLE IN THE DARK. >>I am in complete agreement with you that our money creation via "anointed entities" is in needs of changing. I have no idea why some select banks get to skim a fraction of interest off all created money.<< they use their money and credit powers to influence politicians to enshrine them as a super class of society. >>We part company here however. AFAIK, the average American voter would vote to make themselves "wealthy" and as a result, the average pol running for Congress would be the type who would legislate to try and achieve that result. Won't work. Think Zimbabwe.<< if america votes for zimbabwe, they ought to get zimbabwe, no? that's the system "working." the people get what the people want. i think you both know that the people wouldn't want that and would vote against it. eventually - but there may have to be tough times first - on that we agree. but at least WE, THE PEOPLE have a choice to say NO! we have no such choice now. the bankers want a trillion - boom, $1 trillion to the bankers. at 3% interest, that's $30 billion a year in interest paid for by society. $30 billion divided by $40k average private sector wage yields 750,000 americans that have to work full time and give all their money just to pay interest on that debt. 100% of wages. forever. what did the bankers do to enslave 100% of the wages of 750k people FOREVER? nothing of value. i think the system is so perverse that most just can't "go there." ford understood this... "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." theeconomiccollapseblog.com