Housing Depression: The Truth Behind the Statistics Part 1/5
Special Housing Depression update with George4title and VisionVictory. Part 2 will be posted on Friday April 10th at youtube.com/george4title Part 3 will be posted on Sunday April 12th on the VisionVictory Channel TBA Part 4 & 5
Tags: Statistics, Housing, behind, Truth, Part, Depression
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drummerforreal1 aka Jeff here is an ex janitor ffs lol. His dad also worked for NASA in a top secret lab and his brother is a famous book writer, as you can see he’s also completely nuts and makes up? fantasies to cover his old bitter life.
drummerforreal1 aka Jeff here is an ex janitor ffs lol. His dad also worked for NASA in a top secret lab and his brother is a famous book writer, as you can see he’s also completely nuts and makes up? fantasies to cover his old bitter life. He really knows what he’s talking about haha.
drummerforreal1 aka Jeff here is an ex janitor ffs lol. His dad also worked for NASA in a top secret lab and his brother is a famous book writer, as you can see he’s also completely nuts and makes up? fantasies to cover his old bitter life. He really knows what he’s talking about hahahaha.
cont… There were 200 families living under the river bridge close to my house. People walking away from their homes. Living in car washes. Even the pawn shops put in drive through windows so the rich could pawn their rolexes. I bought a 4/3/2 brick home for 18K. That was the S&L crisis and the collapse of oil prices in Texas. People just lived through it. They should have been marching in the streets. Most are just sheeple, it will have to get to the point of actuall hunger.
Yes drummer, I agree that if it gets bad enough that people really suffer enmasse like they did in the 30’s or maybe even worse that we might have a “French Revolution” type solution. If you remember that was also driven by huge government debt and foreign policy folly. Only trouble is those kinds of revolutions never turn out good for the people either. I do believe that we have not reached that level yet. I saw that happen where I live in the 80’s and people just took it.
@enkelin32 He laughs last though. I see desperate people now knowing their bankster and politicians screwed them. They will want revenge!!!! There are many people w/guns and bucou bullets. When they get hungry or thirsty is when all hell will break loose.
Yes all of the dollar crashers are full of doo doo. If you really want to understand what has happened read “The panic of 1907″ it was an almost carbon copy of what happened in 2007/8. Then Read “Lords of Finance” To see what the central bankers did wrong to cause the great depression. 2 of the 4 central bankers of the time (20’s) chose austerity vs stimulation and started the dominoes falling into the great depression. LOL can you tell I got my BA in History It is my passion.
What they got was essentially a replacment of all of the dollars that vanished into thin air when the Derivatives (toxic Assets) plummeted to pennies on the dollar. Remember that those derivatives were what they based their assets on the balance sheets on. When they took the money they went from negative worth to positive again. The world has not been on the gold standard since 1972. The Banks were just happy to still exist. Remember the FIRST to go bust was the French bank Paribas. cont..
cont… blaming the poor more easily than an amorphous corporation. They can see the poor at the grocery or down the street. Most people cannot identify with a hedge fund manager or bond trader at Bear Sterns. So it is much easier to rail against the welfare queen than a billionaire who is much smarter than oneself. He must be, cuz he now has all your money and sent your job to China.
@enkelin32 Well, if giant banks will take inflationary dollars to the tune of 9 trill, doesn’t that indicate that all the dollar will crashers are full of shit? Makes gold look like wrong play too. Why didn’t giant banks demand gold and other precious metals instead of toilet paper green dollars?? See my point?
cont… Trillions) CNBC did a breakdown in Nov ‘08 on what programs were used to revive the bad banks. Once the banks were reinflated they then resumed issuing letters of credit and the ships started moving again. They could now with reasonable surety believe the bank issuing the letter of credit would not become insolvent and dissapear. BTW those derivatives were mostly on coporate bonds not subprime mortgages. But poor people are a better scapegoat than corps…people accept blaming the
@drummerforreal1 with the Nine Trillion dollars that the Fed and Treasury sent to the banks and Aig to pay to their creditors like Deutche Banks and Banco Santander and several other banks over seas as well as goldman sachs. They fixed up the credit system by backfilling the banks balance sheets world wide. The Brits and the Europeans did the same thing with their Quantative Easing. Literally trillions of $ Pounds and Euros going back on the balance sheets to cover the Derivatives (72 Trilli
@enkelin32 OH BTW. How did the shipping get jump started anyway , then?
@enkelin32 Yea , The Market Oracle is where I saw the Baltic DRY Index for the first time. I thought man if no ships are moving, that’s pretty serious. But anything I needed in life has still been available and plentiful including a new car. Walmart never has a problem being stocked. Nor Sears. Anyway, I got excited..YOu see I want real change…I don’t want this slow death crash.. I want it mmediately. I really don’;t see any other way to get a new deal shuffle except the FRENCH REVOLUTION way
@drummerforreal1 LOL and BTW enkelin is German for grand daughter.
cont… Happening to world trade. In Henry Paulsons book “On the Brink” He describes not being able to sleep at night because the entire world economy was about to unravel and there wasnt a lot they could do to stop it. The FED and the Treasury pumped over 9 TRILLION dollars into the banking system before the end of 2008. A fact that many people do not realise. The TARP and the stimulus were just a small portion of what was done. Most peeps only listen to the radio, they dont get the truth
cont… institution named in the buyer’s letter of credit, analysts said.
“‘There are all kinds of stuff stacked up on docks right now that can’t be shipped because people can’t get letters of credit,’ said Bill Gary, president of Commodity Information Systems in Oklahoma City. ‘The problem is not demand, and it’s not supply because we have plenty of supply. It’s finding anyone who can come up with the credit to buy.
That is just one article I cam across in 2008 describing what was hap
@drummerforreal1 cont…from the Market Oracle. “Credit Crisis Collapse What Happens Next?” The credit crisis is spilling over into the grain industry as international buyers find themselves unable to come up with payment, forcing sellers to shoulder often substantial losses.
“Before cargoes can be loaded at port, buyers typically must produce proof they are good for the money. But more deals are falling through as sellers decide they don’t trust the financial institution…..cont
@drummerforreal1 I know people who buy raw materials like Crude oil and chemical feedstocks and those ships were not moving. We were having trouble getting shipments in where I work. I do think there is a lag time when it comes to finished food items. If you ordered some items at that time you might get a long delivery. I know some clothes items I ordered were never delivered around then. I would give you the url but YT dosent allow it Ill copy and paste instead read this from cont…
@enkelin32 Yeah they still are trying to get elderly mortgagors to go for the ripoff reverses!!! AS far as a new 30 year though, that wouldn’t even make sense. But does it need to make sense anymore? We’re screwed dude.
@enkelin32 You know I got concerned and interested about the Baltic Dri Index back in 2008. Yet the stores were always full of goods? So was that a lie? Or did people not buy merchandise? If so we didn’t need ships.. The cars were being shipped .. I remember that they were running out of places to store cars in 2008 and 09…..So something made me suspicious about the BDI reports.
@drummerforreal LOOK man, The house is going to fall. I’m all for it. I’m one of those , just get it over w/as quick as possible people. I want this lousy game to crash. But I also want tghe affected to grow some fuckeeeeeen balls. I ‘m not saying fight in street. More like smart painful to the manipulators and family corrective measures.
@enkelin32 I already have a feeling it’s the same NWO scumbags..The Rothchilds Rockefeller’s soros etc… The same dirty motherfuckers that have been squeezing our balls for tha last two centuries…
@drummerforreal1 LOL yeah for Goldman Sachs maybe… Not so much for some others like Lehman brs and Bear Sterns, merril lynch etc. Lots of them thought they were real smart but it blew up in their faces also. What many people dont know is we came very close to living in a Mad Max world. We came close to having a total economic collapse. World shipping almost stopped in 2008 due to lack of credit (no Letters of Credit were being issued.) It was way beyond sub or even prime mortg lending
@drummerforreal1 cont… almost paid off. If you come across “The Two Trillion Dollar Meltdown” read it. You will be amazed at the reasons why that money flowed like water and who was pushing it. or Google “The Global Pool of Money Got too Hungry NPR” and listen to the podcast. It will turn your stomach. It wasnt all about poor people who wanted more than they could afford. The derivatives that sunk the world economy were not only on subprime mortgages, but on all kinds of debt. Bonds et