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The Same 2008 Economic Conditions Are Back – The Housing Market Will Collapse the Economy

Thursday, June 7, 2018 7:33
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The Same 2008 Economic Conditions Are Back – The Housing Market Will Collapse the Economy

 

The economic collapse of the United States is underway. yesterday I cited the Governmental Accounting Office (GAO) and their dire numbers. Today, we look at the housing numbers and there is virtually no difference between the housing numbers of today and the hosing numbers of 11 years ago that collapsed the economy. We did not not learn a thing from the bankers stealing from us. Nobody went to jail for their ponzi schemes and now they are back.

The Big Short

In 2006-7 a group of investors bet against the US mortgage market. In their research they discover how flawed and corrupt the market was.

The movie, The Big Short, accurately captured the, from the outrageous mind of director Adam Mckay comes THE BIG SHORT. Starring Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt. I am shocked that the powers that be let this movie be made. This is largely true, because at the end of the movie, when all the actors’ dialogues were complete, a printed message appeared over the screen at the end of the movie and stated, that the same conditions that precipitated the 2008 economic collapse were coming back. This message was delivered to the American people in 2015. We could have still done something about this disturbing fact three years  ago. Based upon the Government Accounting Office facts that  I presented in their own words and charts, yesterday, a collapse of the dollar and subsequently economy is unavoidable. Now, it is not a matter of if, but it is just a matter of degree and when. Yes, we can lessen the impact by taking corrective action today. But we cannot stop it from happening.

Please watch this short video which was the trailer for the movie in question. This will put the reader in the correct frame of mind to receive the gravity of the information contained in this report.

Now, please watch the following short video to learn ow the exact same conditions exist today. This is a huge wealth transfer going on in America today. Hear me clearly, the wealth that is being transferred is mine and it is yours and individually we can do nothing about this except buy gold to replace the worthless cash that hyperinflation is bringing to the dollar.

Yesterday, I discussed very clearly that the debt in this country is going to crush the economy. The world is running from the petrodollar, the only backing our dollar has. Hyperinflation looms and soon, it will take a big wheel barrel full of cash just to buy a loaf of bread at your local supermarket.

I feel that I have the smartest audience in America. Those of you reading this report, understand the gravity of the information. This is why most of you have bought gold, storable food, water filtration, etc. However, most of America remains as dumb as a box of rocks. How could this popular movie, which was NON-FICTION, not impart some actionable message to the American people and these illegal ponzi schemes were not outlawed (e.g. credit swap derivatives)?

Adding Insult to Injury

A recent housing market report from Arch Mortgage Insurance  points to housing  affordability slipping and inventory declining while interest rates and housing prices rise.

Then we take a look at another housing report set of projected conditions, the Housing and Mortgage Market Review, stated in their Spring 2018 Report,  a prediction that this year to be one of the worst for housing affordability with a current decline of 5%. Do you hear the music from Jaws, yet? Danger draws near and history is repeating itself. This is how it started in 2006 and culminated in the crash in 2008. Do you get it yet, or do you need more? Here is more….

Dr. Ralph De Franco, writes an econommic report called, The Global Chief Economist stated the following: “The other factor is the United States is underbuilt. There are 1-2 million fewer units out there than there should be based on population growth.” Think supply and demand America. Just like in 2006 and just like portrayed in the movie, The Big Short, the prices of homes are going to escalate. The government knows this is going on. How do I know this? The property taxes related to everyone’s property value is going to skyrocket and the government will collect more in property tax. The estate taxes for the deceased during this period will increase upon bequeathing the property to the next generation, unless a trust is used. Of course the government knows that the Wall Street corrupt bankers are, once again, bundling home mortgages and causing the market to artificially heat up. Game over! Done!

According to the report, the size of the monthly mortgage payment needed to buy a home rose nearly 5% over the past three months. The picture gets bleaker towards year end with affordability possibly decreasing an additional 10%-15%. The report stops there. But what about next year? Will the market increase 20%? Will it increase 30%? WE are looking at hyperinflation of the housing market which will eventually cause it to collapse just like it did in 2008.

Is there anything that can be done. We cannot totally avoid the piercing sword of debt. But we can collectively limit the degree of penetration from that sword.  If we do not do something, another round of bailouts is coming and this will constitute the picking of the bones by the Wall Street Bankers before they collapse the entire system, but not before they leave you with nothing.

What We Must Do

What we must do in 2018, is what we should have been done in 2008. In fact, my prescription for lessening the impact of the coming economic crash, has successfully be done before.

There was one nation that did not put up with the Big-Short and that country was Iceland who jailed 26 bankers, totaling over 74 years of prison time among these 26 criminals. These banksters were jailed for causing the financial meltdown of Iceland. Conversely, the U.S. bankster criminals on Wall Street were rewarded for their fraud and market manipulation with a gigantic set of ongoing bailouts as the taxpayers of the country were financially raped.

There were no bail outs in Iceland that enslaved their population in perpetuity. America, today, has a minimum credit swap derivative debt of $1.5 quadrillion. Keep in mind the entire value of the Planet’s GDP is about $70 trillion. In other words, because of a ponzi scheme, Americans owe more than 16 times the value for the planet to the banksters. In Iceland, they owe nothing. And we Americans owe $1.5  quadrillion to the very people who defrauded us in the first place.

The World's Center of Democracy.

Iceland remains the only European nation to recover fully from the 2008 crisis. Iceland even managed to pay its outstanding debt to the IMF in full, and the debt was paid in advance of the due date. This is highly significant because this means the Bank of International Settlements has absolutely no hold on Iceland and its banking system. Conversely, the banks in the United States are so manipulated by the Bank of International Settlements that the US stands of on the brink of the next bankster-created war which will be fought and lost against Russia and China.

Former Goldman Sachs CEO, and then treasonous Secretary of State, Hank Paulson, went before Congress and told them that if they did not bail out Wall Street, there would be tanks in the street. Congress hit the chicken switch and buckled and paid the ransom money to the banksters. And America proceeded to have its second largest economic crash in history. And what difference did the bail-outs make? WELL, AMERICA, WE ARE BACK IN THE SAME EXACT PLACE THAT WE STARTED AT A DECADE AGO.

The prescription and what Iceland did was to make it illegal to short bundled home mortgages. And as I pointed out, Iceland jailed those who did. We need to do the same thing. And even if it is too late to save the economy, we will prevent the crooks who stole so much from us to not be able to profit from their criminality.

 

 

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Total 4 comments
  • tonzal

    Business economists worry about possible recession in 2020:
    http://battleforworld.com/2018/06/04/the-coming-economic-collapse/

  • Slimey

    If the money is phony – so is the debt. Don’t get your pantie in a wad. :cool:

  • Ideas Time

    All fraud odious debt and not the debt of the sovereign men and woman. It belongs to those who created it and it is all fake fiat money anyway. Declare it all Null and Void.

  • baba riley

    And they will blame it on poor people taking out exorbitant loans again.

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