theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
I knew this housing market and the economy in general would go belly up years ago. I'm glad I stayed out of the housing market and focused on survival matters like storing food and water, living off the land, etc... If you keep putting on weight year after year, eventually it catches up to you.
"I have heard someone say that this is meant to happen so that we can have a one world government.Allow everything to crash and start fresh with a whole new system."
Bullshit. It keeps happening throughout history because people are fucking idiots, and don't believe you if you go against the crowd. Very simple.
Just type "JBS end fed contact congress" into google and click the top link, Send a pre wrtten letter to congress about abolishing the Federal Reserve!
I have heard someone say that this is meant to happen so that we can have a one world government.Allow everything to crash and start fresh with a whole new system.
When people were desperate in Germany they looked to Adolph Hitler. In good times Hitler would have never gotten the power that he did.
"Americans treat Wall st as a casino always have and what dumb lender loans money on zero deposit for homes reap what you sow suckers"
That's because America was built on the "gambling cowboy" syndrome. They are fucking deluded beyond belief, thinking they can acquire any goddamn thing they want without actually earning it or paying for it with real money.
They are dead in the water. Was just a matter of time.
your so fucking right. maybe america should just control the whole world since thats basically what were doing right now. our economy dies and guess what so does everyone elses. stfu
Wow, extremely well done. High "replay value", I can watch this over and over. Summarizes the Housing Bubble and includes all the usual suspects. Should be put in a time capsule so people can see what was happening at the time.
Great message is amplified by impressive production values. Excellent use of multimedia: video, text, soundbites, cartoons, data, interviews, charts, graphs, websites all tightly choreographed to VH's "Right Now".
Comprehensive and insightful. Thanks for making this!
Wow, extremely well done! High "replay value", I can watch this over and over. Summarizes so much classic material from the Housing Bubble - all the usual suspects are included. Should be put in a time capsule so people can see what was happening at the time.
Great message is amplified by excellent use of multimedia: video, text, pictures, sound bites, cartoons, interviews, graphs, charts, data, websites...all tightly choreographed to Van Halen's "Right Now".
The international bankers have created the current catastrophe to consolidate power and force governments to pay them billions of your dollars. They are no different than thugs. They also make money by buying companies cheap during down turns, like Leman Brothers and WaMu. We need to tax strike our country until all these bankers are firmly under the people's control, and the economy is based on gold and immune to manipulators. Let us use gold and barter from now on and not currency or banks.
I always thought about how people would be able to afford a home 10 years later when the average would cost $1 million+ on a salary of $40k...now we know.
In 20 years america will fall it will probably be like "War of the Worlds 2'', but the same for europe. Best thing you can do is but a cabin in alaska with a laptop, some solar cells, alot of food in cans and a something to kill animals with. You might also wanna buy some books about survival. Seriously!! watch my words.
(Btw Asia and Australia and nordic and africa might turn out okay, cause they arent really depandant on europe and america)
You all are making this to complicated. A "system", be it a machine, a person, a household, or a country is worth what it is worth. All the rest is a scam. Tax a system, any system beyond it's load capacity and it will break down. Also, the size of the system comes into play here as well. The larger a system is, the more working pieces and parts it has, the more chance there is to have a part in that system break. Add to all of that, human greed, and shit will hit the fan.
The real root to the problem that most people aren't aware of is, the fact that the Federal Reserve is a Bank and Loans out money to the government... the Federal Reserve is the one responsible for the value of the dollar. the Federal Reserve uses the Central Banking system. meaning that for every dollar the us makes is actually a loan from the Federal Reserve bank so for instance a dollar is actually a dollar + a amount of interest that the Federal Reserve dictates.
Yes. The government is responsible for controlling the value of a dollar, but rather than controlling the money supply and letting interest rates rest at market levels, they indirectly control the money supply through the interest rates. It is inefficient, and further, fiat money + fractional reserve lending is morally dubious. The money they lend comes from the value of the dollar in your pocket, but you don't get to partake in any of the interest payments... sigh.
If you are in an ARM that has or will reset much higher and you are already having trouble paying it with no hope to refinance to better terms, my professional advice is to stop paying it. Stop paying it, live there as LONG as possible without paying. Save that extra money in a "hole in the ground", not the bank and go find a nice house to rent. Pride kills finances and puts families into homelessness. Don't go destitute paying the crooks!
When the clueless girl says "what's going on, why isn't anyone buying?", that just makes my day. LMAO. It's like these people have no idea of economics.
Can you say MEGA recession! Home prices do not correlate to incomes! Millions of empty houses sitting on the market with no one able to live in them! I feel it right now. A 600k house in a middle class neighborhood? Yeah right!
Bob Prechter predicted the housing crash as early as 2002, 3 years before the housing crisis and ensuing credit crisis -- both forecasts are documented in his book Conquer the Crash. However, I believe he takes a deflationary outlook while Schiff takes inflationary. But few other than Prechter also called for most commodities, including metals and energy, to decline with stocks and real estate -- basically all asset classes. Looking pretty good so far.
fuck, imagine if this add were running on NBC CBS and ABC in the states when it should have been...hmmmm, it wouldn't have been, the US bankers make me want to throw up all over myself and die.
it may bee time for another boston tea party? Don't let any group of people govern how you live. The constitution upholds that - and if there is some law which is keeping you from thiving in life...it's aptly challanged and made void because of our simple constitutional framework. The right to life, liberty, and pursuit of happiness.
long ialand? You don't have to mortage your home in order to live. And should'nt have to either - yes, it's an avenue - but being independant and innovative on your own is all you need :)
Oh, nooriginalthoughts. You write so eloquently. Where did you learn to express yourself with such intelligence? Who taught you all those big words? Was it your mother? She must be smart, too.
..they read in a magazine, or saw on the TV, or what their friends told them.
Yeah, I KNOW I'll catch shit for these comments, esp. from Amercian women, because you all think you're so fucking liberated, and clever, and have careers etc. Well, if you're all so fucking smart, how come you didn't see this coming?
The Prosecution's case rests. If and when you get through this, MEN of the USA start taking back some fucking decision-making, you country of PUSSIES! Women can't manage money. Fact
This will unpopular, but I don't give a shit, it is the truth. Market research says that women make the decision on 95% of ALL household purchasing decisions (from the house, to the car, to the furniture, even down to grocery brands). It is WOMEN who want a nice house (maternal instincts, feather the nest etc), and men think with their dicks (do whatever they think will please the women).
The housing bubble, and all other bubbles, are because of stupid, fucking gullible WOMEN believing shit..
that's Peter Schiff talking at the end, also a financial advisor to the man who SHOULD be president, who has read and understands the Constitution, and believes in our God given rights, a real AMERICAN, Dr. Ron Paul
The subprime crisis shows what money is all about. It's nothing but a belief. As long as interest rates exists it won't be more than that. Real values are elsewhere. To convert worthless money into real wealth you need a fast decline of the "value" (or belief in) money. The people who are initiating and running this mess will never suffer :)
i ALWAYS KNEW that home prices were exaggerated during the past few years. i laughed at idiots paying half a million dollars for a stupid 1 bedroom condo, lol. that's a CONDO, not even a home! all you idiots who bought into this artificial run up - you deserve it! nothing keeps rising and rising! the same will happen with oil. eventually it will come down and those investors who bet on oil will lose, JUST LIKE REAL ESTATE!
Oil is not going to collapse as long as the dollar is the petrodollar and Bonkers Ben continues to print money like a maniac. But it doesn't look like it's going to last very long. So yes, oil will collapse and so will our economy and then we'll be working in the factories making cheap goodies for the big spenders in China and India.
jjenson i say both are at fault,you know that whole free will thing.though if nobody throws the money then theres no blood.mikebtko says it very well.
McCain-Liar!Obama what's on IPod?Dylan, Jay-Z.McCain what's on the Victrola?Fibber McGee & Molly,Benny Goodman.John McCain- dangerous puppet!Oh God,Obama's stance on FISA,the creepy speech at AIPAC.Yuk, McCain bringing Lieberman everywhere;the Israeli lobby is choking the world; the candidates are bought & paid for;a false left-right paridigm!Soft fascism/Hard fascism;they're both enslavement in the end."Knowledge Is Power!"Get involved,look for a TruthMovement group in your area!Start your own!
I'm surprised that American realtors and home owners nationwide haven't started a national protest movement to burn all the bank-owned foreclosure properties....
1)
it would drastically improve the housing market and
2)
they would actually get something for their tax money being confiscated by Congress to pay off the distressed banks who hold the titles. How many house titles has the Fed (they caused the bubble with too low interest rates)received from distressed banks as collateral?
thats'the STUPIDEST thing I've ever heard, and that's almost as stupid as scapegoating the hedge fund traders for the subprime collapse. The realtors speculated to keep prices high. If the prices were affordable, less people would have foreclosed on their primary residences. The banks, lenders and realtors need to clean this mess up. I only want the primary owners who foreclosed to get assistance. Not the speculators. Watch who the dems want to help.The realtors and lenders caused the prob.
For this game you need two parties. The lenders need the borrower. In fact, the greed of the borrowers and lenders are the cause. f people would understand what interest rates are and how they can affect their existance, they would never sign mortgages. There is no need for growth. Our bodies stopped growing and so should the business.
there is a need for growth... to cover up the inherent flaw in fiat currencies which require banks to make loans so they can print more money thus use interest rates to take more of that "money" out of your pocket
Good message. The "credit crisis" is our fault not the fault of the Federal Reserve. If you know you can't afford a mortgage then don't sign the paper. If a $400 monthly car payment is out of your range then walk away, save up and buy something cheaper. Our grandparents thought debt was a sin, our parents only used debt for School and Homes, now we buy Milk and Cereal on Credit.
Some days is seems Visa has bought our common sense.
Well; yes, the people who bought houses for those insane prices are very much to blame for their own problems because no one forced them to sign on the dotted line.
However, the Federal Reserve has caused this by creating the cheap credit.
Ask yourself this; if the government threw money out of a building and there were riots as everyone rushed to grab all the money they can, there would certainly be alot of blood spilled. Whose fault would that be, the people for taking the money or the fed?
baloney. The speculators are not the same who bought primary residences. :o)
The realtors were buying houses to keep prices high and commissions big. Lenders had incentive to give bad loans. There was no economy to support the housing sector, which is RETAIL. Buying and selling houses does not create value. The economy was shot in 03. Clinton signed NAFTA with China in 97 and we're currently in a massive trade deficit of 700bil. There was no money to support the high prices.
Anyone who bought a house was speculating. They knew prices were high and they were speculating that they would hold those high values and/or increase as well.
The market is free, no one held a gun to the heads of these people. I wanted to buy as well, but I knew the prices didn't make any sense so I decided to wait it out instead. Everyone needs to take responsibility for their own actions.
Everyone was gaming the system, using the cheap money that Greenspan put into circulation.
when i went to cali in 06' i saw 500,000 dollar average homes. i said to myself i aint buying no house for that price. it's grossly over valued! now san diego got hit one of the hardest since then. it's no coincidence.
Foreclosures are only happening because thats what they want.
People are loosing their homes because banks have made their guidelines so strict and imposible for people to refinance their loans.
It makes no fucking difference if they keep droping the rates;Unless they make their guidelines more flexible droping the rates will not make any difference and its just a scam used by the fucking FED.
Make guidelines more flexible for refinances but NOT for purchases
housing market going down is everywhere, Russia, Poland France and ect... it will crash down because it is how economy system works, it goes up and down to keep a fair balance. Sometimes it goes too high which means surplus and it goes down which means loss. All countries have went through depressions and time for US to experience it again.
Foreclosures are only happening because thats what they want.
People are loosing their homes because banks have made their guidelines so strict and imposible for people to refinance their loans.
It makes no fucking difference if they keep droping the rates;Unless they make their guidelines more flexible droping the rates will not make any difference and its just a scam used by the fucking FED.
Make guidelines more flexible for refinances but NOT for purchases
OMG!! Have you guys watched "Syndrome of Control" By Lindsey Williams YET??
I just found it and stayed up all night to post this for others who have not yet watched it. After you watch it PLEASE INFORM OTHERS so that they are aware of this!
I give thanks that the trillions of dollars in negotiable currency that belongs to the economy of the United States by Divine Right, now pours in and piles up under grace in perfect ways.
It can but not always. The truth is the economy is never strong all of the time. It makes adjustments. You notice that not one of the people running for President promises lower gas prices.
If anyone were to try and control the price of gas it would simply lead to shortages. That's why no one is bothering to try and do that. Yes all economies fluctuate, but the president does have control over things such as whether or not new federal taxes can be created and whether or not we go into a war that has to be funded through borrowing from foreign countries. These things all directly affect the economy.
5. POOR PEOPLE SHOULD STOP HAVING KIDS THEY CAN'T AFFORD. Idiots can't even take care of themselves and they're bringing 5 or six kids in this world.
6. IDIOTS SHOULD NOT HAVE TO RELY ON CREDIT CARDS. Finance Charges aren't worth it. Pay off your credit cards as soon as you can. Pay them as soon as you use them. CREDIT = How much debt you have to how much credit you have.
This is wrong. The People of our nation aren't the ones responsible if their representative government has been failing them for over 100 years. How can this be within Karmic Law? I think you are confused. The royals and high-money/power elites are playing a game. Nobody but them are responsible for these problems. When you control everything people use, you control all the people? We are just their workforce and military and that is all just a commodity; think of the Matrix. We are in the grid.
housing market discussion aside... youtube terrifies me b/c I realize how stupid many people are, and how they wish for the worst, b/c it gives them a sense of certainty - because they can't make anything, or imagine anything, so they wait for a storm, b/c anyone can weather a storm - its building a house and planting a garden that takes forsight.
The housing market is bs, but this video? A house in upstate NY costs more than one in GA b/c LOCATION -NY wages are higher & land is more valuable
The big change to the era of multi-national corporations and widespread debt is pretty easily explained..
We've moved the wealth out of individual hands and invested it in large companies & banks, so that they can dominate foreign companies, and extract foreign resources (and foreign consumer dollars) before their competition can. We're in an age of international economic warfare.
Why? B/C China has all its wealth aggregated in a central govt, were putting ours in corporations.
America you'll pull though you have your future ahead of you at least. Europeans don't gloat your about to drown in debt from your shrinking work force and ballooning public spending and entitlements. My fellow Canadians I know many of you like to see the ol USA stumble but be careful what you wish for.
The trigger is about to be pulled folks. Just today an announcement that I was expecting was made. United Arab Emirates, the Saudi's and many other persian government groups are planning to "de-tag" the US Dollar. Our dollar has reached such a low on the world exchange that other governments who are tied to it are wanting to tag onto the Euro. When this happens it will send oil prices up and our dollar will spiral lower and lower. Eventually they will "solve" the problem with the Amero.
This comment has received too many negative votesshow
"The Unbelievers spend their wealth to hinder (man) from the path of Allah, and so will they continue to spend; but in the end they will have (only) regrets and sighs; at length they will be overcome: and the Unbelievers will be gathered together to Hell;-"
Gee, how much of the world are considered Unbelievers according to Mudslimes? 2/3 of it. I doubt this number has changed much throughout Islam/Christianity/Other religions peak, so chances are somewhere in history you will find another set of "unbelievers" who "spend" as they wish (which will always be contrary to what your bullshit faith desires so you think it's keeping them from the "path"). Congratulations, you're a moron.
7-year plan aligns U.S. with Europe's economy[Transalantic World Government without Congress Review Six U.S. senators and 49 House members are advisers for a group working toward a Transatlantic Common Market between the U.S. and the European Union by 2015.Transatlantic Common Market can be traced back to the Clinton administration's decision to join in the 1995 New Transatlantic Agenda with the European Commission.
LOL, the dow was up 400 lead by COUNTRYWIDE, Wamu, Citi, and Freddiemac. At least 3 of these companies are on their way to BK. This is hillarious, it cost 200 billion in freshly printed money to get 400 points. LOL LOL LOL
Hei i am from brasil and have seem things coming worse ..Dow Jones has brokem 12000 dow again..the crisis is restrict to subprime or is already on credit , employment??bad things are coming?
The Dow and Gold will meet again, you will soon be able to buy the entire Dow with 1 oz of Gold. Now that could mean Dow 5,000 and Gold 5,000 or if we have hyper inflation we could see them meet at 30,000. But they will meet again.
The guy below me (00643981) is right listen people! to this day mankind does not have the freedom nor the human right to own tax free land! you cant be taxed to prosperity! and you cant be governed freedom! PLZ Fight for tax free land if you can! 2gether we can stop the extortion! this message is of no political bias! this fight is independent! Tax free land is land no liberal goverment and no eminent domain cant take away from you, its land wallstreet cant price inflate you off of! plz act now!
Bankers have conned us all. WE BUILD THIS COUNTRY, THEN CAN'T AFFORD TO BUY WHAT WE HAVE CREATED with the money they make us use. WHAT A SCAM. See Google Video: Money as Debt - Fiat Empire - Monopoly Men - The Money Masters - Freedom to Fascism - Zeitgeist
"Bankers have conned us all. WE BUILD THIS COUNTRY, THEN CAN'T AFFORD TO BUY WHAT WE HAVE CREATED:" this is true but the video clips you present i dont agree with. real fascism is liberal goverment! liberal government prentends to be liberal and hides behind the freedom logo, but it actually enslaves. Strong economies and democracy enslave human beings through inflation and consequencial poverty.
I find it amusing that everyone is so schocked about the economy slump. It's the voters' fault for the man you voted for 4 and 8 years ago. Shove it up "yall's" asses and look in the mirror, that's who is to blame.
Mark my words the dollar will be dumped for the amero the pound stirling will be dropped for the euro - that is one of the reasons they are crashing UK and USA economy - the people will be asking/demanding for the change of currency.
Coach, most people don't believe this but I'm afraid it's true. It's because "they" have planned it all along. It's been foretold but people here stopped talking about it a long time ago.
And the powers that be, and people with the brains and means (I only have one of those things), will actually gain from a collapsed economy. Not everyone went broke in the Great Depression or the wake of WWI.
You know who in the world has all the money? Asians. They're going to come with their money and buy all the fancy US houses, because they are the only ones who can afford. And that's quite sad, since you Americans built them.
But it's not all, they'll also buy all the other goods just because they can. They are not evil, it's just that they have the money now and they'll spend it just like the US has done in the past century..
Great video. The only part that was missing was the the stick people from the original Van Halen video. One stick person on his hands and knees behind you while the other stick person in front of you pushes you over. "Right Now, you're government is doing this to you!" WE THE PEOPLE...NEED TO WAKE UP!
Guess what folks, this happens all the time. The Economy goes up and down. And if you think a President can control it you're wrong. I'm doing great but then again I don't get advice from the news. Both of my homes are paid for. I work my tail off to do it but I don't have any debt. It's called being a grown up.
You're right. That's what everyone once did here in days gone by. A lot of people are about to find out the hard way. Save money, don't sink yourself in debt, don't buy everything that comes along and don't buy what you can't pay for. Real simple. Being a grown up was a great thing to say.
its a bit late for this advice. if US stopped spending to start paying off his debt (which it has now got to do) its economy will die (which it is beggining) the whole US system id based on debt - ITS ONLY THE PETRO DOLLAR THAT IS KEEPING YOU AFLOAT - And Iran is harder to war with than iraq.
You're right. I'm afraid it's a lot later and worse then most people think. When the people and the government are spending more than they make the end is always the same.
The entire ecomony is indeed based on credit and how much people borrow. When a baloon finally pops, it comes down fast and nothing can stop it. Wars make money. However, the next one will bring more than we bargained for.
people who buy houses just to sell them contribute to the evils of politicaly engineered inflation, because in the far stages of democracy the rise of inflation and constant taxes lead to irrational over evaluations and rent hikes and this would pull most middle class citizens and commoners down into massive homelessness. The catastrophics poverty inducing effects of housing hyper inflation could become of society collapsing proportions! A crash is better than inflation.
Good video, except that you can't compare a house in NY to a house in GA. Houses are traditionally cheaper in southern, less developed states than they are in the northern states. This has always been a case, economic recession or not.
THAT WAS THE POINT!!! Some areas are so inflated a shack costs the same as a mansion somewhere else. The point simply was, wait and get the big house for less than the shack!
Yeah but some people would rather get an okay house in NY than a great house in GA...
I live in Philadelphia...The average 3 bedroom row house in an okay neighborhood is about $150,000. But, for the same price I can go to Kileen, Texas and buy a mansion...The only problem is that the economy in Philadelphia and job oppertunity is much better than in Kileen. In real estate it's all about location, location, location. But I get the point tho (better to wait 'til the houses are cheap)
I couldn't be happier with the current economic conditions and the housing market leading us into recession. It gives me a chance to invest in securities at dirt cheap prices and enjoy the huge returns in the near future. It's always nice to profit of other's stupidity.
What good will all your "investments" be when the dollar is worth 1/100th of what it is worth now? You'll be broke too. Or did you not consider that? Research what happened in the Great Depression. It is the exact same scenario currently.
Very intelligent response. The dollar is not gonna be worth 1% of its current value and we are not going into another Great Depression anytime soon. We will, but not for another 15-20 years. And about 70% of my portfolio is comprised of foreign securities. All of which have suffered because of US Economic fears. You're just mad cause you haven't figured out how to cash in on this scenario. If anyone is a waste of human life, it's you jackass!
Good land is always good, metals tho will most likey fall. In the last great depression the US president brought up all the gold and then set the price lower. Could ahppen again.
which surveys some of the economic problems plaguing Michigan and the nation, and the ideas of the one man with a viable solution, rooted in freedom and peace:
In central California you need a minimum of $100K household income to be a "1st time buyer" of a modest home... Yeah the prices are gonna keep going up (if EVERYONE wins the lotto)!
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
I heard people saying the same exact thing in the run up to the real estate bubble popping. They were wrong then and they're wrong now. This massive devaluation of property is simply the market correcting itself. The idea that there is no cieling to asset values is asinine and you'll lose your shirt if you invest under that assumption, like so many already have.
Read quotes like this Recently, by many US Currency analysts's like Dennis Gartman, in relation to the Canadian Currency and its value in relation to Canada's Massive resources.
"You are a country that has stuff the world needs. You have wheat, you have canola, you have oil, you have natural gas - you name it, you've got it. Canada has sanctity of contract, it has productive people, has great port facilities. Nothing has changed."
theres a idea called the McLaurine plan which consist of rolling everyones credit score back up to 680 and people who have good credit gets AAA or a bonus reward of some kind... I'm not a expert just want to see what the real expert like your self think of such a plan.
mindmunk111 3 years ago
Don't Get Foreclosed On Modify Your Loan go to homesaver(DOT)tk
saveurhomeplease 3 years ago
I knew this housing market and the economy in general would go belly up years ago. I'm glad I stayed out of the housing market and focused on survival matters like storing food and water, living off the land, etc... If you keep putting on weight year after year, eventually it catches up to you.
CFVertigo 3 years ago
word
gandhiganjmaster 3 years ago
The Congress made The Economy crash...
The Great Depression 1930-2008-2009-2010-2011-2012-2013
Why it happen?
Lurker15 3 years ago
economy hurting you? Let me help.
belikejames 3 years ago
the truth is always anti-semitic!
reYKCuf 3 years ago
fuck the fed, fuck the treasury, fuck obama
Serge808 3 years ago 4
wow the video came out to be true
mrtrkdlite 3 years ago
If we disclose the hidden UFOs technologies we solved all our Energy, Environmental and Economic problems for the ENTIRE planet.
Wake-up people all our government are traitors.
We need to charge them for High Treason and Crimes against Humanity before it's too late.
Starteller 3 years ago
"I have heard someone say that this is meant to happen so that we can have a one world government.Allow everything to crash and start fresh with a whole new system."
Bullshit. It keeps happening throughout history because people are fucking idiots, and don't believe you if you go against the crowd. Very simple.
WakeupsCall 3 years ago
Just type "JBS end fed contact congress" into google and click the top link, Send a pre wrtten letter to congress about abolishing the Federal Reserve!
Send To Congress Share With Everyone
r3dredwine 3 years ago
I have heard someone say that this is meant to happen so that we can have a one world government.Allow everything to crash and start fresh with a whole new system.
When people were desperate in Germany they looked to Adolph Hitler. In good times Hitler would have never gotten the power that he did.
WilliamHBonney55 3 years ago
Great video. Please see our video.
helpsavehomeowners 3 years ago
"Americans treat Wall st as a casino always have and what dumb lender loans money on zero deposit for homes reap what you sow suckers"
That's because America was built on the "gambling cowboy" syndrome. They are fucking deluded beyond belief, thinking they can acquire any goddamn thing they want without actually earning it or paying for it with real money.
They are dead in the water. Was just a matter of time.
WakeupsCall 3 years ago
your so fucking right. maybe america should just control the whole world since thats basically what were doing right now. our economy dies and guess what so does everyone elses. stfu
traxxas11 3 years ago
Wow, extremely well done. High "replay value", I can watch this over and over. Summarizes the Housing Bubble and includes all the usual suspects. Should be put in a time capsule so people can see what was happening at the time.
Great message is amplified by impressive production values. Excellent use of multimedia: video, text, soundbites, cartoons, data, interviews, charts, graphs, websites all tightly choreographed to VH's "Right Now".
Comprehensive and insightful. Thanks for making this!
jamnospam 3 years ago 2
Wow, extremely well done! High "replay value", I can watch this over and over. Summarizes so much classic material from the Housing Bubble - all the usual suspects are included. Should be put in a time capsule so people can see what was happening at the time.
Great message is amplified by excellent use of multimedia: video, text, pictures, sound bites, cartoons, interviews, graphs, charts, data, websites...all tightly choreographed to Van Halen's "Right Now".
Comprehensive and insightful!
jamnospam 3 years ago
The best part was the bubble sound effect at the end. =)
krayzgerman 3 years ago
I just like the song
DragonToes13 3 years ago
What's the difference between paedophiles and a politicians?
Politicians don't keep pictures of the little people they fuck.
leevi1234 3 years ago 4
The international bankers have created the current catastrophe to consolidate power and force governments to pay them billions of your dollars. They are no different than thugs. They also make money by buying companies cheap during down turns, like Leman Brothers and WaMu. We need to tax strike our country until all these bankers are firmly under the people's control, and the economy is based on gold and immune to manipulators. Let us use gold and barter from now on and not currency or banks.
Pentanee 3 years ago
I always thought about how people would be able to afford a home 10 years later when the average would cost $1 million+ on a salary of $40k...now we know.
thadea 3 years ago
Americans treat Wall st as a casino always have and what dumb lender loans money on zero deposit for homes reap what you sow suckers
shakemahead 3 years ago
In 20 years america will fall it will probably be like "War of the Worlds 2'', but the same for europe. Best thing you can do is but a cabin in alaska with a laptop, some solar cells, alot of food in cans and a something to kill animals with. You might also wanna buy some books about survival. Seriously!! watch my words.
(Btw Asia and Australia and nordic and africa might turn out okay, cause they arent really depandant on europe and america)
TommyRastafari 3 years ago
australia is a bit but not really asia
jakeyman123 3 years ago
Americans are revoltingly fat. Indeed, so much so that they will never be able to revolt.
UnconcernedCitizen 3 years ago
good one chatch
foste328 3 years ago
This was the video that inspired me to start my blog. :)
Sofunnylol 3 years ago
You all are making this to complicated. A "system", be it a machine, a person, a household, or a country is worth what it is worth. All the rest is a scam. Tax a system, any system beyond it's load capacity and it will break down. Also, the size of the system comes into play here as well. The larger a system is, the more working pieces and parts it has, the more chance there is to have a part in that system break. Add to all of that, human greed, and shit will hit the fan.
YouSpamTard 3 years ago 2
The real root to the problem that most people aren't aware of is, the fact that the Federal Reserve is a Bank and Loans out money to the government... the Federal Reserve is the one responsible for the value of the dollar. the Federal Reserve uses the Central Banking system. meaning that for every dollar the us makes is actually a loan from the Federal Reserve bank so for instance a dollar is actually a dollar + a amount of interest that the Federal Reserve dictates.
spendeck 3 years ago
Yes. The government is responsible for controlling the value of a dollar, but rather than controlling the money supply and letting interest rates rest at market levels, they indirectly control the money supply through the interest rates. It is inefficient, and further, fiat money + fractional reserve lending is morally dubious. The money they lend comes from the value of the dollar in your pocket, but you don't get to partake in any of the interest payments... sigh.
jhammer74 3 years ago
If you are in an ARM that has or will reset much higher and you are already having trouble paying it with no hope to refinance to better terms, my professional advice is to stop paying it. Stop paying it, live there as LONG as possible without paying. Save that extra money in a "hole in the ground", not the bank and go find a nice house to rent. Pride kills finances and puts families into homelessness. Don't go destitute paying the crooks!
RayAir1 3 years ago 2
When the clueless girl says "what's going on, why isn't anyone buying?", that just makes my day. LMAO. It's like these people have no idea of economics.
kng863 3 years ago 4
Haha! ezeloan is an idiot! He probably doesn't have any loans to do so he is on youtube! LMAO!
Analyzr666 3 years ago
Alarmist BS abstractions.
ezeloan 3 years ago
Freddie Mac and Fannie Mae bailout by the Fed starting at 100 billion each, PIMCO and People's Bank of China made money, no coincidence!
GojiPug 3 years ago 5
Can you say MEGA recession! Home prices do not correlate to incomes! Millions of empty houses sitting on the market with no one able to live in them! I feel it right now. A 600k house in a middle class neighborhood? Yeah right!
kng863 3 years ago 2
Bob Prechter predicted the housing crash as early as 2002, 3 years before the housing crisis and ensuing credit crisis -- both forecasts are documented in his book Conquer the Crash. However, I believe he takes a deflationary outlook while Schiff takes inflationary. But few other than Prechter also called for most commodities, including metals and energy, to decline with stocks and real estate -- basically all asset classes. Looking pretty good so far.
grimesgw 3 years ago
I know the message is grim...but that song...I'm so pumped for this crisis we're in...YEAH! (gives thumbs up and jumps into the hair, *freeze frame*)
FlowerEaters 3 years ago 3
this gets 85,000 views on youtube, it shoudl have been viewd milloins of times on major tv networks
Serge808 3 years ago
fuck, imagine if this add were running on NBC CBS and ABC in the states when it should have been...hmmmm, it wouldn't have been, the US bankers make me want to throw up all over myself and die.
Serge808 3 years ago
It's a lot not alot
Fredgirl32 3 years ago
it may bee time for another boston tea party? Don't let any group of people govern how you live. The constitution upholds that - and if there is some law which is keeping you from thiving in life...it's aptly challanged and made void because of our simple constitutional framework. The right to life, liberty, and pursuit of happiness.
orangeblueandlavenda 3 years ago
long ialand? You don't have to mortage your home in order to live. And should'nt have to either - yes, it's an avenue - but being independant and innovative on your own is all you need :)
orangeblueandlavenda 3 years ago
Economy is getting extreme worst on younger generation. They have to work two jobs.
FilmBorne 3 years ago
The recession is the cure, not the crisis. The sooner we have it the better off we'll be. So if we can talk ourselves into it, then let's do it!
jjenson2006 3 years ago
Oh, nooriginalthoughts. You write so eloquently. Where did you learn to express yourself with such intelligence? Who taught you all those big words? Was it your mother? She must be smart, too.
imaghana 3 years ago
..they read in a magazine, or saw on the TV, or what their friends told them.
Yeah, I KNOW I'll catch shit for these comments, esp. from Amercian women, because you all think you're so fucking liberated, and clever, and have careers etc. Well, if you're all so fucking smart, how come you didn't see this coming?
The Prosecution's case rests. If and when you get through this, MEN of the USA start taking back some fucking decision-making, you country of PUSSIES! Women can't manage money. Fact
nooriginalthoughts 3 years ago
Look up "Suzanne Researched This" on Youtube.
ReliableSunPower 3 years ago
This will unpopular, but I don't give a shit, it is the truth. Market research says that women make the decision on 95% of ALL household purchasing decisions (from the house, to the car, to the furniture, even down to grocery brands). It is WOMEN who want a nice house (maternal instincts, feather the nest etc), and men think with their dicks (do whatever they think will please the women).
The housing bubble, and all other bubbles, are because of stupid, fucking gullible WOMEN believing shit..
nooriginalthoughts 3 years ago
Peter Schiff?
ircjunk2004 3 years ago
Does anyone know who's talking in the last 30 seconds? That guy is a genius!
wabio 3 years ago
that's Peter Schiff talking at the end, also a financial advisor to the man who SHOULD be president, who has read and understands the Constitution, and believes in our God given rights, a real AMERICAN, Dr. Ron Paul
ITILII 3 years ago
The subprime crisis shows what money is all about. It's nothing but a belief. As long as interest rates exists it won't be more than that. Real values are elsewhere. To convert worthless money into real wealth you need a fast decline of the "value" (or belief in) money. The people who are initiating and running this mess will never suffer :)
WolYou 3 years ago
i ALWAYS KNEW that home prices were exaggerated during the past few years. i laughed at idiots paying half a million dollars for a stupid 1 bedroom condo, lol. that's a CONDO, not even a home! all you idiots who bought into this artificial run up - you deserve it! nothing keeps rising and rising! the same will happen with oil. eventually it will come down and those investors who bet on oil will lose, JUST LIKE REAL ESTATE!
scir91 3 years ago 5
Oil is not going to collapse as long as the dollar is the petrodollar and Bonkers Ben continues to print money like a maniac. But it doesn't look like it's going to last very long. So yes, oil will collapse and so will our economy and then we'll be working in the factories making cheap goodies for the big spenders in China and India.
grapplerke 3 years ago
tee hee!
scir91 3 years ago
watch?v=C4SwK8cdujc
DbzFanAlways 3 years ago
jjenson i say both are at fault,you know that whole free will thing.though if nobody throws the money then theres no blood.mikebtko says it very well.
jasonoftulsa 3 years ago
McCain-Liar!Obama what's on IPod?Dylan, Jay-Z.McCain what's on the Victrola?Fibber McGee & Molly,Benny Goodman.John McCain- dangerous puppet!Oh God,Obama's stance on FISA,the creepy speech at AIPAC.Yuk, McCain bringing Lieberman everywhere;the Israeli lobby is choking the world; the candidates are bought & paid for;a false left-right paridigm!Soft fascism/Hard fascism;they're both enslavement in the end."Knowledge Is Power!"Get involved,look for a TruthMovement group in your area!Start your own!
mikebtko 3 years ago
I'm surprised that American realtors and home owners nationwide haven't started a national protest movement to burn all the bank-owned foreclosure properties....
1)
it would drastically improve the housing market and
2)
they would actually get something for their tax money being confiscated by Congress to pay off the distressed banks who hold the titles. How many house titles has the Fed (they caused the bubble with too low interest rates)received from distressed banks as collateral?
TexnTuber 3 years ago
thats'the STUPIDEST thing I've ever heard, and that's almost as stupid as scapegoating the hedge fund traders for the subprime collapse. The realtors speculated to keep prices high. If the prices were affordable, less people would have foreclosed on their primary residences. The banks, lenders and realtors need to clean this mess up. I only want the primary owners who foreclosed to get assistance. Not the speculators. Watch who the dems want to help.The realtors and lenders caused the prob.
porche75 3 years ago
For this game you need two parties. The lenders need the borrower. In fact, the greed of the borrowers and lenders are the cause. f people would understand what interest rates are and how they can affect their existance, they would never sign mortgages. There is no need for growth. Our bodies stopped growing and so should the business.
WolYou 3 years ago
there is a need for growth... to cover up the inherent flaw in fiat currencies which require banks to make loans so they can print more money thus use interest rates to take more of that "money" out of your pocket
1samothrace77 3 years ago
this was so predicitive, it was quite impressive.
zachmlong 3 years ago
Good message. The "credit crisis" is our fault not the fault of the Federal Reserve. If you know you can't afford a mortgage then don't sign the paper. If a $400 monthly car payment is out of your range then walk away, save up and buy something cheaper. Our grandparents thought debt was a sin, our parents only used debt for School and Homes, now we buy Milk and Cereal on Credit.
Some days is seems Visa has bought our common sense.
Perhaps our grandparents were right.
markgard 3 years ago 5
Well; yes, the people who bought houses for those insane prices are very much to blame for their own problems because no one forced them to sign on the dotted line.
However, the Federal Reserve has caused this by creating the cheap credit.
Ask yourself this; if the government threw money out of a building and there were riots as everyone rushed to grab all the money they can, there would certainly be alot of blood spilled. Whose fault would that be, the people for taking the money or the fed?
jjenson2006 3 years ago
baloney. The speculators are not the same who bought primary residences. :o)
The realtors were buying houses to keep prices high and commissions big. Lenders had incentive to give bad loans. There was no economy to support the housing sector, which is RETAIL. Buying and selling houses does not create value. The economy was shot in 03. Clinton signed NAFTA with China in 97 and we're currently in a massive trade deficit of 700bil. There was no money to support the high prices.
porche75 3 years ago
Anyone who bought a house was speculating. They knew prices were high and they were speculating that they would hold those high values and/or increase as well.
The market is free, no one held a gun to the heads of these people. I wanted to buy as well, but I knew the prices didn't make any sense so I decided to wait it out instead. Everyone needs to take responsibility for their own actions.
Everyone was gaming the system, using the cheap money that Greenspan put into circulation.
jjenson2006 3 years ago
when i went to cali in 06' i saw 500,000 dollar average homes. i said to myself i aint buying no house for that price. it's grossly over valued! now san diego got hit one of the hardest since then. it's no coincidence.
mungcray 3 years ago
Foreclosures are only happening because thats what they want.
People are loosing their homes because banks have made their guidelines so strict and imposible for people to refinance their loans.
It makes no fucking difference if they keep droping the rates;Unless they make their guidelines more flexible droping the rates will not make any difference and its just a scam used by the fucking FED.
Make guidelines more flexible for refinances but NOT for purchases
rmw5991 3 years ago
Americans buying shit they can't afford, imagine that. There's a sucker born every minute. Good luck
hostiledefense 3 years ago
PT Barnum would be proud.
markgard 3 years ago
lil weezy!!
gofy510 3 years ago
this is one of my favourite songs. (even though hagar sucks)
TheLethargicAtheist 3 years ago
housing market going down is everywhere, Russia, Poland France and ect... it will crash down because it is how economy system works, it goes up and down to keep a fair balance. Sometimes it goes too high which means surplus and it goes down which means loss. All countries have went through depressions and time for US to experience it again.
hohahohi 3 years ago
This comment has received too many negative votes show
VERY good video
but...
pffft fuck ron paul
katix17 3 years ago
rockin!
msaghirmd 3 years ago
This has been flagged as spam show
Foreclosures are only happening because thats what they want.
People are loosing their homes because banks have made their guidelines so strict and imposible for people to refinance their loans.
It makes no fucking difference if they keep droping the rates;Unless they make their guidelines more flexible droping the rates will not make any difference and its just a scam used by the fucking FED.
Make guidelines more flexible for refinances but NOT for purchases
CZARVII 3 years ago 2
good vidio
lti12 3 years ago 2
OMG!! Have you guys watched "Syndrome of Control" By Lindsey Williams YET??
I just found it and stayed up all night to post this for others who have not yet watched it. After you watch it PLEASE INFORM OTHERS so that they are aware of this!
KARStarla 3 years ago
HELICOPTER BEN!
rickrocker 3 years ago
dont you just love econ?! well i sure do. not to be a prick and spam but...
click on my name
and click on my usl!
thyanks
econchick 3 years ago
I give thanks that the trillions of dollars in negotiable currency that belongs to the economy of the United States by Divine Right, now pours in and piles up under grace in perfect ways.
actwealthy 3 years ago
Guess what. The Economy goes and and down . No President can control it. Welcome to the real world.
TELEVISIONARCHIVES 3 years ago
The Fed, however, can affect the economic cycle. That is the real world.
rseveran 3 years ago
It can but not always. The truth is the economy is never strong all of the time. It makes adjustments. You notice that not one of the people running for President promises lower gas prices.
nesnman 3 years ago
If anyone were to try and control the price of gas it would simply lead to shortages. That's why no one is bothering to try and do that. Yes all economies fluctuate, but the president does have control over things such as whether or not new federal taxes can be created and whether or not we go into a war that has to be funded through borrowing from foreign countries. These things all directly affect the economy.
MrsSarb 3 years ago
5. POOR PEOPLE SHOULD STOP HAVING KIDS THEY CAN'T AFFORD. Idiots can't even take care of themselves and they're bringing 5 or six kids in this world.
6. IDIOTS SHOULD NOT HAVE TO RELY ON CREDIT CARDS. Finance Charges aren't worth it. Pay off your credit cards as soon as you can. Pay them as soon as you use them. CREDIT = How much debt you have to how much credit you have.
creedsuxass 3 years ago 5
You are soo right!! Humanity is facing a regression due to dumb people breeding like rabbits do!
bramcorleone 3 years ago
and I'm 24.
creedsuxass 3 years ago
Just like Idiocracy
jdog81590 3 years ago
I agree with you! =)
Ant29 3 years ago
SOLUTION TO ECONOMIC PROBLEMS:
1. END THIS DUMB WAR: $20 BILLION/MONTH
2. PEOPLE WHO CAN'T AFFORD A HOME SHOULDN'T TRY TO BUY THEM ESPECIALLY UNDER A VARIABLE RATE MORTGAGE.
3. PEOPLE SHOULDN'T GET MARRIED BEFORE THEIR CAREER IS SET.
4. 2/3 MARRIAGES ENDS IN DIVORCE IN AMERICA BECAUSE IDIOTS KEEP GETTING MARRIED WHEN THEY'RE TOO YOUNG. Divorce is actually wasting so much money.
creedsuxass 3 years ago
watch?v=xNOuuhpYBEg
BobBrinkerisanIdiot 3 years ago
lol americans mess with the whole world and now they get this. Karma? ;)
alonso0407 3 years ago
This is wrong. The People of our nation aren't the ones responsible if their representative government has been failing them for over 100 years. How can this be within Karmic Law? I think you are confused. The royals and high-money/power elites are playing a game. Nobody but them are responsible for these problems. When you control everything people use, you control all the people? We are just their workforce and military and that is all just a commodity; think of the Matrix. We are in the grid.
Yxra 3 years ago
your a tool. Just that simple.
redbaron520 3 years ago
Yeah! vanhalen rules!
blacksilverjose 3 years ago
I'm so glad those stupid greedy poor bastards suffer from housing collapse.
moniequa 3 years ago
one of the best videos on the housing market, i like ron paul too.
mreisma 3 years ago
housing market discussion aside... youtube terrifies me b/c I realize how stupid many people are, and how they wish for the worst, b/c it gives them a sense of certainty - because they can't make anything, or imagine anything, so they wait for a storm, b/c anyone can weather a storm - its building a house and planting a garden that takes forsight.
The housing market is bs, but this video? A house in upstate NY costs more than one in GA b/c LOCATION -NY wages are higher & land is more valuable
crock703 3 years ago 2
The big change to the era of multi-national corporations and widespread debt is pretty easily explained..
We've moved the wealth out of individual hands and invested it in large companies & banks, so that they can dominate foreign companies, and extract foreign resources (and foreign consumer dollars) before their competition can. We're in an age of international economic warfare.
Why? B/C China has all its wealth aggregated in a central govt, were putting ours in corporations.
crock703 3 years ago
Every nation gets the leaders they deserve!!!
USA = NATION IN DECLINE
PETRODOLLAR
1974 - 2008
REST IN PISS
DOLLARCRASH1984 3 years ago 4
America you'll pull though you have your future ahead of you at least. Europeans don't gloat your about to drown in debt from your shrinking work force and ballooning public spending and entitlements. My fellow Canadians I know many of you like to see the ol USA stumble but be careful what you wish for.
EasyEs 3 years ago 4
WE ALL WAYS
FTrain4750 3 years ago
I have an 11 part video series of just such an economic prediction made in 1994. Check it out....
TexnTuber 3 years ago
I like bubbles
ienjoytaffy 4 years ago
Do you all really want to understand what's happening? Search for Dr John Coleman (clear as daylight, but not until you watch).
kosmosleha2 4 years ago
Social Security, Medicare, and Medicaid are destroying America. Silly Americans need to understand that paychecks are for workers. Duh!
TranCendenZ 4 years ago
This has been flagged as spam show
The trigger is about to be pulled folks. Just today an announcement that I was expecting was made. United Arab Emirates, the Saudi's and many other persian government groups are planning to "de-tag" the US Dollar. Our dollar has reached such a low on the world exchange that other governments who are tied to it are wanting to tag onto the Euro. When this happens it will send oil prices up and our dollar will spiral lower and lower. Eventually they will "solve" the problem with the Amero.
conspiracy777 4 years ago
Superb. Hard work paid off - thank you.
7855waldo 4 years ago 2
god i hate sammy hagar. I even saw him play this live, and it sucked.
Drugsdrugsdrugs 4 years ago
This comment has received too many negative votes show
"The Unbelievers spend their wealth to hinder (man) from the path of Allah, and so will they continue to spend; but in the end they will have (only) regrets and sighs; at length they will be overcome: and the Unbelievers will be gathered together to Hell;-"
Quran, 8:36
Isn't this coming true. :)
Look at how economy in the west is just going down and down each and every passing day.
That is Allah's promise. Your economy will BLEED to death and then you will lose EVERYTHING.
Peace.
ripper00769 4 years ago
That's not even a prophecy you dipshit.
Gee, how much of the world are considered Unbelievers according to Mudslimes? 2/3 of it. I doubt this number has changed much throughout Islam/Christianity/Other religions peak, so chances are somewhere in history you will find another set of "unbelievers" who "spend" as they wish (which will always be contrary to what your bullshit faith desires so you think it's keeping them from the "path"). Congratulations, you're a moron.
sp00n3d 4 years ago 3
This has been flagged as spam show
Steve King, Republican Congressman: Al-Qaida Will Be "Dancing In The Streets" If "Hussein" Obama Wins
obama is a terrorist yahoo search or google
falkminuteman 4 years ago
7-year plan aligns U.S. with Europe's economy[Transalantic World Government without Congress Review Six U.S. senators and 49 House members are advisers for a group working toward a Transatlantic Common Market between the U.S. and the European Union by 2015.Transatlantic Common Market can be traced back to the Clinton administration's decision to join in the 1995 New Transatlantic Agenda with the European Commission.
louis12346 4 years ago
LOL, the dow was up 400 lead by COUNTRYWIDE, Wamu, Citi, and Freddiemac. At least 3 of these companies are on their way to BK. This is hillarious, it cost 200 billion in freshly printed money to get 400 points. LOL LOL LOL
visionvictory 4 years ago 3
Hei i am from brasil and have seem things coming worse ..Dow Jones has brokem 12000 dow again..the crisis is restrict to subprime or is already on credit , employment??bad things are coming?
benecastro 4 years ago
Ron Paul!!!!!!!!!!!!
djfirm420 4 years ago
BUY GOLD and SILVER
1929 Dow= 20oz of Gold
1933 Dow= 1oz of Gold
1975 Dow= 20oz of Gold
1980 Dow= 1oz of Gold
2007 Dow= 20oz of Gold
2008 Dow= 14oz of Gold
March/08 Dow= 12.5oz of Gold
The Dow and Gold will meet again, you will soon be able to buy the entire Dow with 1 oz of Gold. Now that could mean Dow 5,000 and Gold 5,000 or if we have hyper inflation we could see them meet at 30,000. But they will meet again.
visionvictory 4 years ago
The guy below me (00643981) is right listen people! to this day mankind does not have the freedom nor the human right to own tax free land! you cant be taxed to prosperity! and you cant be governed freedom! PLZ Fight for tax free land if you can! 2gether we can stop the extortion! this message is of no political bias! this fight is independent! Tax free land is land no liberal goverment and no eminent domain cant take away from you, its land wallstreet cant price inflate you off of! plz act now!
braunsteiin 4 years ago 3
Bankers have conned us all. WE BUILD THIS COUNTRY, THEN CAN'T AFFORD TO BUY WHAT WE HAVE CREATED with the money they make us use. WHAT A SCAM. See Google Video: Money as Debt - Fiat Empire - Monopoly Men - The Money Masters - Freedom to Fascism - Zeitgeist
00643981 4 years ago 6
"Bankers have conned us all. WE BUILD THIS COUNTRY, THEN CAN'T AFFORD TO BUY WHAT WE HAVE CREATED:" this is true but the video clips you present i dont agree with. real fascism is liberal goverment! liberal government prentends to be liberal and hides behind the freedom logo, but it actually enslaves. Strong economies and democracy enslave human beings through inflation and consequencial poverty.
braunsteiin 4 years ago
I find it amusing that everyone is so schocked about the economy slump. It's the voters' fault for the man you voted for 4 and 8 years ago. Shove it up "yall's" asses and look in the mirror, that's who is to blame.
Brian257043 4 years ago 2
You know nothing about history. The truth is the Economy goes up and down. It's doesn't matter who is President.
nesnman 4 years ago
You know. Too bad nobody understand this and no one vote for Ron Paul.
ircjunk2004 4 years ago 2
Mark my words the dollar will be dumped for the amero the pound stirling will be dropped for the euro - that is one of the reasons they are crashing UK and USA economy - the people will be asking/demanding for the change of currency.
coach3sheff 4 years ago
Coach, most people don't believe this but I'm afraid it's true. It's because "they" have planned it all along. It's been foretold but people here stopped talking about it a long time ago.
SP567 4 years ago
And the powers that be, and people with the brains and means (I only have one of those things), will actually gain from a collapsed economy. Not everyone went broke in the Great Depression or the wake of WWI.
MrJowee 4 years ago
You know who in the world has all the money? Asians. They're going to come with their money and buy all the fancy US houses, because they are the only ones who can afford. And that's quite sad, since you Americans built them.
But it's not all, they'll also buy all the other goods just because they can. They are not evil, it's just that they have the money now and they'll spend it just like the US has done in the past century..
tukkajumala 4 years ago
anyone should learn not to trust da media
specially fix noise
check everything by yourslf
Romeo1234567jj8 4 years ago
Thank for this video. It's the most accurate video on youtube about the housing crash and bubble
suffern7 4 years ago
awesome video, following your advice i've learned alot. thanks for the time and energy you put into trying to spread awareness.
for anyone reading these comments that still hasn't read "crash proof", go out and get it you won't regret it.
joseney21 4 years ago
Great video. The only part that was missing was the the stick people from the original Van Halen video. One stick person on his hands and knees behind you while the other stick person in front of you pushes you over. "Right Now, you're government is doing this to you!" WE THE PEOPLE...NEED TO WAKE UP!
rbukacek 4 years ago
Guess what folks, this happens all the time. The Economy goes up and down. And if you think a President can control it you're wrong. I'm doing great but then again I don't get advice from the news. Both of my homes are paid for. I work my tail off to do it but I don't have any debt. It's called being a grown up.
nesnman 4 years ago
You're right. That's what everyone once did here in days gone by. A lot of people are about to find out the hard way. Save money, don't sink yourself in debt, don't buy everything that comes along and don't buy what you can't pay for. Real simple. Being a grown up was a great thing to say.
SP567 4 years ago
its a bit late for this advice. if US stopped spending to start paying off his debt (which it has now got to do) its economy will die (which it is beggining) the whole US system id based on debt - ITS ONLY THE PETRO DOLLAR THAT IS KEEPING YOU AFLOAT - And Iran is harder to war with than iraq.
coach3sheff 4 years ago
You're right. I'm afraid it's a lot later and worse then most people think. When the people and the government are spending more than they make the end is always the same.
The entire ecomony is indeed based on credit and how much people borrow. When a baloon finally pops, it comes down fast and nothing can stop it. Wars make money. However, the next one will bring more than we bargained for.
SP567 4 years ago
Ron Paul 2008 for a balance and rescuing of the United States
gregdoh 4 years ago
These investors have cashed in on my need for a home for my family.People are NOW truly fed up with it!
Joyriser 4 years ago 2
Ron Paul Vote Smart America
maxwelljacob 4 years ago
people who buy houses just to sell them contribute to the evils of politicaly engineered inflation, because in the far stages of democracy the rise of inflation and constant taxes lead to irrational over evaluations and rent hikes and this would pull most middle class citizens and commoners down into massive homelessness. The catastrophics poverty inducing effects of housing hyper inflation could become of society collapsing proportions! A crash is better than inflation.
hoehoealexio 4 years ago
"I want to close down the Federal Reserve"--- Ron Paul
wawbwc 4 years ago
average income in Lynbrook NY. $62,000
average income in Cummings GA $38,000
good luck finding a job in Cummings
libertyerian 4 years ago
Not even double the income and almost three times the price and taxes. Higher utility bills. No thank you! :))))
Unemployment rate *really* all that different between the two? Didn't think so.
The GA house is worth $140K, maybe.
julebuggy 4 years ago
Good video, except that you can't compare a house in NY to a house in GA. Houses are traditionally cheaper in southern, less developed states than they are in the northern states. This has always been a case, economic recession or not.
RideTheLightning1989 4 years ago
THAT WAS THE POINT!!! Some areas are so inflated a shack costs the same as a mansion somewhere else. The point simply was, wait and get the big house for less than the shack!
Yuppie1980 4 years ago
Yeah but some people would rather get an okay house in NY than a great house in GA...
I live in Philadelphia...The average 3 bedroom row house in an okay neighborhood is about $150,000. But, for the same price I can go to Kileen, Texas and buy a mansion...The only problem is that the economy in Philadelphia and job oppertunity is much better than in Kileen. In real estate it's all about location, location, location. But I get the point tho (better to wait 'til the houses are cheap)
RideTheLightning1989 4 years ago
what can you get for $300,000 in philly?... besides a broken jaw.
stephendedlus 4 years ago
I couldn't be happier with the current economic conditions and the housing market leading us into recession. It gives me a chance to invest in securities at dirt cheap prices and enjoy the huge returns in the near future. It's always nice to profit of other's stupidity.
falcon2154 4 years ago
What good will all your "investments" be when the dollar is worth 1/100th of what it is worth now? You'll be broke too. Or did you not consider that? Research what happened in the Great Depression. It is the exact same scenario currently.
Your mom shoulda had an abortion.
theparadox813 4 years ago
Very intelligent response. The dollar is not gonna be worth 1% of its current value and we are not going into another Great Depression anytime soon. We will, but not for another 15-20 years. And about 70% of my portfolio is comprised of foreign securities. All of which have suffered because of US Economic fears. You're just mad cause you haven't figured out how to cash in on this scenario. If anyone is a waste of human life, it's you jackass!
falcon2154 4 years ago
i follow peter for a couple of years and everything he said is or will come true
DOLLARCRASH1984 4 years ago
ivest your money in land and precious metals like silver. Just my gut fealing.
COOLGUYBENTLEY 4 years ago
Good land is always good, metals tho will most likey fall. In the last great depression the US president brought up all the gold and then set the price lower. Could ahppen again.
doford 4 years ago
Land sounds like a sound bet. Especially in areas where there is development for homes or businesses.
COOLGUYBENTLEY 4 years ago
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phreezephrame9449 4 years ago
In central California you need a minimum of $100K household income to be a "1st time buyer" of a modest home... Yeah the prices are gonna keep going up (if EVERYONE wins the lotto)!
randy109 4 years ago 5
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
tigerwood99 4 years ago
I heard people saying the same exact thing in the run up to the real estate bubble popping. They were wrong then and they're wrong now. This massive devaluation of property is simply the market correcting itself. The idea that there is no cieling to asset values is asinine and you'll lose your shirt if you invest under that assumption, like so many already have.
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Golgo13ThePro 4 years ago
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ForeclosureHelp2008 4 years ago 2
i live here in goergia and who the hell would want to live in cummings?.... thats why the house is so cheap.
AccountManager25 4 years ago 2
i wish this were true. then houses would one day become affordable. but I don't think i'll ever see one in my area under 2million ever again.
just2w4tch 4 years ago
Also NY and Georga are 2 different universes. under $400k for a house like that there? that's a deal.
just2w4tch 4 years ago 2
Read quotes like this Recently, by many US Currency analysts's like Dennis Gartman, in relation to the Canadian Currency and its value in relation to Canada's Massive resources.
"You are a country that has stuff the world needs. You have wheat, you have canola, you have oil, you have natural gas - you name it, you've got it. Canada has sanctity of contract, it has productive people, has great port facilities. Nothing has changed."
BUY CANADIAN!!!!!
Thunderwavia 4 years ago 2