i dont understand why they keep building when they know people cant buy, thats why the market keeps crashing they keep spending to build what we cant buy
The banks should have to hand over all these properties to the tax payers since they got bailed out. What the hell is wrong with people. $24 trillion in bailouts was $60,000 usd for every American. I think that would have stimulated the economy from grassroots level up. Instead we just stimulated the pockets of some greedy criminals. Why isnt America in arms over this shit.
Recently I took part in a counselling programme for senior management at a major UK bank.
Many participants talked about the ‘shame’ they felt for being bailed out by taxpayers while still drawing huge salaries & bonuses. We were instructed to offer them solace, to assure them they were serving the community as good citizens & say they were helping to combat climate change & other vague eco-causes.
When I refused to toe the line & offered criticism, I was forced out.
i, happy and is not a surprise....... since american quality homes are made of frame....only sticks instead of real concrete.....goood demolishe all and start building real houses
Just came across this vid, so forgive the late comment. Destroying a new home, prob very little if any attempt at recycling/reusing any of the bldg mtl. Give the bank bailout money and therefore money has no meaning to them. Just thro away the old and start new aye?
there is a fix. ONE FIX. before a global depression. and it is simple and can be accomplished overnight. Starting at noon today NO money can any longer collect INTEREST !
sit back and watch people buy cars homes pay off their mortgages build businesses create free markets and enjoy sharing with other countries rather than existing on a military economy necessitating bombing them.
Too simple for arrogant wealthy politicians and Banks to comprehend.
It's a waste, to be sure, but so are these over-sized American homes. Americans idolize big homes and fill them with more crap and gadgets than they need or can afford. The government and the economy are in the toilet to be sure, but the consuming public are just as much to blame for this mess. But, since we live in a "pass the buck" and "not me" society of people who act entitled to everything and who only care about themelves, this won't be a popular comment.
The irony No one (US, Asia, Europe) can sustain the level of consumption that has taken place in the US for the past 20 years. Resources will undoubtedly become much more scarce as the human population BOOMS over the next two decades. EVERYONE is going to suffer and be forced to adapt. Foreign trade will become much more contentious, and some countries will undoubtedly suffer greatly. Can you survive where you are living if the price of everything doubles?
im going to live in new zeland so fuck you America. i loved America untill 9/11 happened. the whole country believed it was osama! i thought i was this country since the beginning. so fuck you stupid idiots. i feel bad to the 10% of smart people in the country. even if Osama did it, i wouldn't blame him. the untied states gave them fire arms, and told them to fight soviet and the united states promise to rebuild there country.but united states left. now Obama wants to do it.but we have no money!
Totally agree, housing is a basic need, banks see it as a place for greed! Our family owns 100 acres, It's been a hassle just to get building approval just for one house. This land is only 30km from the capital of my state, and 15 minutes to the nearest hospital. Yet if we try to sell our land we would be lucky to buy a 1/4 acre block with a caravan on it with the proceeds, where the zoning is "residential". Government also likes high house prices as it pushes up capital gain taxes and rates.
Banks like high prices too. The amortizing on interest gets astronomical with prices so high. I bet a buyer pays about $1.5million over 30 years for a $300k home. with the difference lost in interest payments to banks
private banks promote greed amongst the middle class, and this is the result both in the Americas and in Oz, as well as in a banana republic (like when Central America was run by the Contras and South America before the socialists took over).
Tho the socialist South and Central American countries soon become dictatorships due to abreaction to the neocon rightwing militias arising out of the ashes of the past.
get a clue, that's right wing blame the victim mentality! No one gets foreclosed on if they have a 2nd property since they can use that as leverage on the 1st and rent out the 2nd.
Families have and do cause greed, not only the banks!!!....they are definately not victims, there are no leftwing people anymore, everyone is trying to make fast money.
You obviously have no idea how banks, insurance and finance work, not even a grade school primer level of knowledge. There are plenty of instructional videos on YouTube, get yourself wise, arguing with you is like talking my dog out of licking himself; futile.
Even though financially, I'm in a rather comfortable position, if I want, I could go out and get loan, buy that 10 million dollar house with a 3.5 million dollars cash deposit.
The bank is not forcing me to, I choose if I want to do that!
So, I am happy to live in my 1.5 million dollar home, without dept.
If not pointless boasting of an adolsecent you've identified yourself as one of the monied problem children, you money allows you to get by without the kind of conflict resolution skills others have to take for granted. Go ahead, wade through life declaring everyone else bad people because they don't have the money you stole from them. Fascist, take your blame the vitim mentality and shove it up your loving oriface.
left wing? the only people I know who are left wing are government employees or people in unions. they want the guy at McDonald's to give up half his wages to support them - hardly fair.
if it were familes, then you could also blame it on people have more kids that would be required to replace yourself. but anyways, its the banks who give the loans. That is the problem. just becuase someone wants a house, you cant buy it unless its for sale. If you dont want to sell, offer more money! you cant offer more money unless the bank says so. its the banks fault, end of story. 100% of the worlds problems are because of this planets ideals on money and banks....
logic2reason .......greedy familes are to blame for all the mess concerning unaffordable Australian properties, the famlies choose to take to loan, the banks don't force them!!!
1. nowhere else can you get a loan, besides a bank. 2. money doesnt exist. They create it, and can encourage you to create it with yoru signature when they want you to. 3. they can also say no when they want to. 4. greedy familes are to blame jsut the same as the other 6 billion who rather not know anything about there lives. can't take power that is given to you
Guaranty Bank of Austin is wrecking the structures to provide a "safe environment" for neighbors of the abandoned housing tract in Victorville. Victorville city officials said the bank told them the cost of finishing the development would exceed what they could sell the homes for. The bank also faced escalating city fines as vandals and squatters took over the sprawling housing project, leaving behind graffiti and drug paraphernalia, city officials said.
Civic officials have to give permission for properties to be demolished in their municipalities, it's called a demo-permit. EVERY level of government in your country is corrupt. if you had a CIVIC official just unwilling to give new demo permits this would never happen. instead they think it's their job to give a rubber stamp if they do it in a safe and clean manner. :P
so many people foreclose without realising they have other options. In many cases refinancing can save not just your home but also your credit rating and your self respect.
therefinanceunit . com is not affiliated with a broker or lender. It's an information and education resource to help people avoid foreclosure.
If you're in financial trouble, check it out - the future may be brighter than you think!
It sounds like most of the people in here didn't get the loan they wanted!!! and now they are player hating on their fellow Americans. These people just wanted a better life...You know the one they show you all day onT.V? You know the one they show you on Cribs...You know the America Dream? The Matrix is here people....wake the F...Up.
2 things, this was not a bail out bank. guaranty bank is not new and did not take any of the bail out money. second, the houses were not lived in EVER! They werent even done being built! Get the right facts!
before you ru around commenting on videos like that maybe you should put some info on your channel so we know a little more about where you are coming from and not just some asshole working for the bank trying to help cover their ass. And spread propaganda on valuable info.
Maybe you shouldnt asume that i work for that bank.! Fact is, I did my homework. Instead of blaming the banks, maybe we should hold the companies accountable for defaulting on the loans that paid for the houses to be half built.
And also thanks to the dumb assholes who borrowed and now go through loan modification program in order to stay in their houses. So it takes two to screw us the middle class people, the elite pricks and the asshole poor, fuck them both.
the elite are always going to run things. a place at the table is off limits to middle class. the lower class is just there to scare the shit out of the middle class. they also give a great incentive to the middle class to wake up every day and take their ass those jobs. immigration, simply creates a lower working class of people. everyone claiming to be "a hard working american," simply didn't get the memo of how outsourced this country has become. funny, it didn't all happen overnight.
Lets face it, the middle class is the slave for the elite and the poor. You can say it is a three-some and we're in the middle getting screwed both ways.
My four brothers and i do both,we build and we demolish.Commercial and residential buildings and homes,and then we trucked the construction refuse/demolition debris to our sorting facility prior to loading it up into a transfer station trucks heading for the city landfill.
I live in Victorville, our city council here is full of a bunch of morons who have decided to make this place the section 8 mecca of California. They lost billions of dollars on powerplants they built, they lost $15 million on a "Road to Nowhere." They are building low income housing all over the place. Crime is skyrocketing. If tearing these houses down kept some good folks from moving here, then that is a positive. Everyone who is a decent person is trying to get out of this place.
There is a method to the madness....The elite are secretly buying up tent citys all over CA and the US. Less homes=Million$ Tents Get It. watch for the tent shortage in a city near you.
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This is exactly what we need, remember supply and demand? No one should get these houses unless they are willing to pay for them. As it stands, they are owned by the bank and the OWNER has the right to do with them as they please and from a financial point of view it was a smart move to knock them down.
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The only way you will rot is if you sit on your lazy ass and not do something and work. You God damn useless piece of garbage. I have always taken care of myself and always will. Take care of yourself and quit being a parasite.
so sad. a bank would rather lose 100,000K by destroying home than rather gain 30,000K by sellingh this home to low budget familys. i guess 30000 or 50000 profit not worth it for a bank, they would rather lose 100,000??? that teaching them rich people.....suck!!!!!!!!!!!!
@dieper2dieper ...why are you blaming the rich? it's not the rich that caused this it's the fact that middle class Americans lived beyond their means, mortgaged everything and now can't make the payments. The country is privately trillions of dollars in debt as well as publicly.
Rich people are rich because they don't have debt. Losers make and pay loans, it isn't CEOs making 2.5-5million a year that caused the financial crisis. It's ma and pa American who mortgaged the farm and can't pay.
Did you even read the description? The homes weren't up to code, therefore no one should have been allowed to live in them. The bank was losing money on them every day, and couldn't sell them without pouring more money in on fixing them.
What a shame, these banks should be giving these homes away and trying to uplift people. Instead they tear down peoples dreams to maintian their grip on power. You the tax payer basically payed for that house by bailing these banks out and now their going to kick you out on the street. This video represents the class war going on all over the world. The rich few tightening the chains on the poor mass. Think your middle class? Think again... The rich want cheap labor and slavery is the cheapest.
So much for 'Hope and Change' eh?? I recall a large and significant number of concerned Citizens calling on their CONgressmen to LISTEN to their voice, which clearly said NO to any Bank Bailouts. Somebody ignored it. WHY?? This predatory fiscal practice will result in an enraged and furious blowback. Banksters , you will feel the fury, and soon!! Count on it while you count your ill gotten gains. It`s coming to you.
Nothing is proudly made in America any more just all sorts of dishonest to earn a buck. These blood sucking corporations which you bailed out would rather burn down and destroy a foreclosed house rather than sell it cheap for some poor folk to buy. These lecherous banks are destroying houses to create the illusion of shortage so they profit a hundred fold from another orchestrated property bubble. This is what your bailout money is doing for you folks. Wake up. smell the hide burning on ur back.
The homes had never been occupied. it would have cost more to finish them with NO prospect of selling them, all the while the state was taxing the Banks for property tax on the forclosed (FROM THE BUILDER) houses.
way to stereotype there buddy, you ever been to america? You can blame the central banks for this shit. The central banks of the WORLD, in cooperation with one another. The elite monetary class.
you people are douchebags. Its the ignorant population that is the problem. People racking up credit card bills, getting double and triple morgages on their houses, ect. The US population is too stupid to handle money.
Everyone here is blaming the greedy banks. I think the state is at fault as well. They were the ones filing charges against the banks and they are the ones who make up all this stupid codes and regulations and they are the ones who tax the shit out of property owners.
I bet those people declared bankruptcy and were not model homes but the people were at work trying to make ends meet. Bankers are scumbags. EVERY LAST ONE SHOULD BE TARRED AND FEATHERED!
Found a cool website, its at squidoo/economypolitics(Don't forget to add (dot)com after squidoo) Its about the economy, gold, silver, fiat money, stocks, government, tips..etc. Check it out and help spread the website 2
I finally read the article, which is linked to the right of the video, and it makes total sense.
These properties were foreclosed on and the bank has a decision, finish them and sell them, or knock the unfinished homes down. It makes sense that they knocked them down, check out the article.
Yes, they do often stucco home in so cal, but those homes have sheets of plywood on them. You can see the black tar paper around the lower left window.
There is more to this story than this guy is sharing, I am not sure what it is, but there is something missing
Doesn't Jimmy carter do that housing for low income or something to build homes for people?? Get people to donate their time and have supplies donated and finish these homes. Lowes and depot can use the donated materials as a tax ride off. Have trade school kids finish these homes. No wonder were all screwed here. Banks get all of our tax money, we don't get raises at our jobs. More money down the drain. Thats it, I am going to watch Howard Stern and letterman on youtube. Good night peeps
I don't buy it, he said it was a model home? It didn't have siding, it was wood sheathing. Is the actual story not good enough? He felt the need to sensationalize it?
If the subdivision failed and has no hope of being completed within a reasonable time, why not demolish the models? They can not be occupied - they are sitting in the middle of an empty field with no streets. They would only be vandalized and become dangerous eyesores. It would cost the bank more to maintain them than they are worth, and by destroying them the land remains unimproved and is taxed at a much lower rate.
Managed decline has been a reality in many midwest rust belt cities.
I actually bought a home in a subdivision in 1993 that had been abandoned for two years in the middle of construction during the Savings and Loan crisis in the early nineties. The half-completed structures had to be torn down to the foundation before building could resume.
it was probably just the little dick ass code enforcer trying to justify his salery and prove what a big man he was to levey a fine every day. What a hero he was.
the greedy city official who were not willing to work with the bank are the ones to blame as they were fining the bank each day with a new fine that the homes were not completed. The city just wanted there building fees.. The bank is a bank not a contracting organization. DUH shame on the city fathers. Shame on the idiots on the council. Who forced the bank to take this drastic action.
The government spends money worse than a drunken sailor (no offense to sailors, they've earned it). A sailor uses his own money. He doesn't barrow money at interest to go on a spending spree.
The government could create the money instead of borrowing it at interest from the privately owned federal reserve bank. The constitution empowers the government to create the money it needs.
Not one in a thousand people realize that the national debt is owed to The People. They're the creditors/collateral backing the US dollar. They have first-in-line right of lien. Think about it, if you're the creditor, shouldn't you be repaid.
Google commercial redemption. Watch videos by Robert Menard and thinkfree (dot) ca.
stfu if people dont have money to pay for the house they shouldnt be living in them... Fuck people getting shit for free from other peoples money. The gov't is going overboard... the banks have the right to do what they want the. The Bailout is the problem here not the banks... giving away our money to all these shitty companies that don't know how to support themselves. LET THE SHITTY COMPANIES FAIL... these bailouts are a way for Obama and this retarded democrat party to obtain more assets.
I hate waste. I hate American waste I hate waste so f#$%ing much. 'To the dump. No you can not pick the dump. No that is to be destroyed." f@#k you banker f%^&ing f#$%s f^&*ng wasteful disrespectful, injurious, unjust earth killing machine lover. God this pisses me off!!!! whatever genius thought this up should be hung and any politician that stands in the way of a needed variance should be publicly whipped. I hate waste!
Tear up your own brainless greedy head! Who the hell forced you and your idiot friends to take out loans and bought homes they couldn't afford? It is criminal to destroy someone's property. You're pathetic, you'll never own anything.
beancube2008 wrote. See how money the cause of insensitivity
Not money, its the improper function of money by corruption. Money should not be used as a commodity sold at interest. It should represent of a nations real wealth based on human progress, intelligence, labor, production, innovation, natural resources including gold and silver and the stability provided by good governance. This is what should back debt-free currency, not just gold, as the security to maintain a nations currency.
I listen to Alex Jones on my shortwave radio. It is 5.070 on the dial. A good shortwave radio is the Kaito ka1102. $60.00 at J & R music World. This radio has SSB (single Side Band) which is used by the military, ham, police.
If you want a really good radio (made in Japan), the SONY ICF-7600GR. $130.00 on Amazon.
See how money the cause of insensitivity. Just let them sink. Keep natural resource intact and start some new exchange/trade methodologies. Set free our human mind and soul. We want to take of people and live with them. We have fight and get real jobs back into our communities, not driving each other away from homes. We know many things from each other through technology now, we surely can share and show each other how to build with no secrecy. We can group differently without big corporations.
How can a home can be worth more if you destroy it? Imagine how far out of balance the market must be from the accounting changes...it also hurts the town and city tax rolls. Now we see the stock market 'tank', bail outs in failing companies, poorly planned stimulus funding and outrageous spending that cannot be supported.
this collapse of the bubble was engineered by the federal reserve. the federal reserve is a scam. the entire country has been scammed by the federal reserve since 1913. you can find quotes with allen greenspan, woodrow wilson, andrew jackson, thomas jefferson and more talking about how private banks controlling the issuance of our money is a scam that inevitably leads to our enslavement and loss of rights.
that should be against the law to destroy new houses , all that labor, hard work, planning and the materials. Those houses should be RENTED out , stuupid banks
I'm not sure how long Bwaney Fwank is going to hold HR 1207 in Committee. But,if this bill drowns, I think you'll have a good understanding about your place in this "republic".
That's our tax dollars hard at work, doesn't seem like reality but it is. Our government 's spending money like drunken sailors in the name of stimulization. Who's getting stimulated? You know who's getting screwed it's the american people who will foot the bill one way or another. Our government is way out of control.
The 1929 comparison of the DOW is not non-sense. IN 1929 we were on the gold standard and could not print money. Today we can print without limit. Hence, inflation will fuel the market.
The markets just activated all thrusters!! The Dow is in the Stratosphere, soon Mesosphere and onto the Thermosphere. What happened to Dow 1,500 or 4,000? This thing might very well be a Ponzi Scheme but it's going past 14,000 regardless.
Soon the US dollar will collapse and visionvictory is one of the few who is out there speaking the truth about the economy. I suggest reading the articles and signing up for the free newsletter at: Inflation . us
California could be broke by July, state official warns
Despite the budget fix enacted in February, the state is on track to come up $23 billion short of what it needs to get through the year, the Legislature's chief budget analyst says.
Expect more and more failures on local, county, and state levels. The truth is not even close to what wall street would have you believe.
Furthermore, I think we'll see what effectively amounts to bond failures for municipalities. After all, if the US can't sell its debt, who is going to want to buy debt from Wichita, Ks or Debuke, Iowa?
Like it or not the DOW is going back to 10000+. You can ignore it or go along for the ride. The weak economic numbers mean nothing when the public doesn't want to hear about it. The "Human Spirit " aspect of the markets has taken over and will take the market to much higher levels.
You could be right. IWhat's interesting is the Dow went up 50% from it's Nov. 1929 low of 200 to its April 1930 high of 300, only to fall 75% to 50 over the next 3 years. 50% up from 6,500 is just about 10,000.
Not a chance. To compound matters, the biggest population bubble in American history is less than 5 years away from taking MANDATORY distributions from their (defined contribution) retirement plans. Government debt + corporate debt + personal debt + mandatory selling = DISASTER
Construction is crazy here in Central Florida; new roads, commercial properties and home developments are like wildfire. I passed a home development yesterday starting in the low $500,000's, the economy is thriving once again.
U.S. 30-year bond auction gets dismal reception May 7 (Reuters) - A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy. The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. An extended trend of rising yields could force up longer-term interest rates throughout the economy.
Subscribers - hasn't gone up (even by 1) since the MSM picked up this story and mentioned visionvictory. I would have expected traffic and subscriptions to have doubled, at least. Weird.
Wall St. Journal mentioned visionvictory in article on the demolition and a front page picture. L.A. Times on front page had demolition picture but no mention of visionvictory. No doubt it was a scoop.
So now the mainstream media is ripping off the alternative media, lol. Maybe visionvictory should sue LA Times for using a still from his footage without permission, just like the Pittsburgh Post-Gazette (or whoever) closed down TheAlexJonesChannel.
Welcome to inflation. Your dollars will be worth less, but for a brief period, you may feel rich! Numbers mean nothing when it takes more to do less. Are we that stupid?
i dont understand why they keep building when they know people cant buy, thats why the market keeps crashing they keep spending to build what we cant buy
michaelruiz12 2 months ago
the only loser i notice is justgetsome.....
ignatzRat 4 months ago
You made some good points there. I did a search on the topic and found most people will agree with your video.
smith8051 4 months ago
one of a million things thats wrong with the world today,and it to the pile!!
everythingisfake1973 11 months ago
yes, to prevent non-registered people from moving into an "economically" dead area
and to salvage the market price of surrounding areas
3waybar 1 year ago
The banks should have to hand over all these properties to the tax payers since they got bailed out. What the hell is wrong with people. $24 trillion in bailouts was $60,000 usd for every American. I think that would have stimulated the economy from grassroots level up. Instead we just stimulated the pockets of some greedy criminals. Why isnt America in arms over this shit.
TheyDidThis 1 year ago
Recently I took part in a counselling programme for senior management at a major UK bank.
Many participants talked about the ‘shame’ they felt for being bailed out by taxpayers while still drawing huge salaries & bonuses. We were instructed to offer them solace, to assure them they were serving the community as good citizens & say they were helping to combat climate change & other vague eco-causes.
When I refused to toe the line & offered criticism, I was forced out.
SuperTruth77 1 year ago
development goes back to farm.
stickinup2188 1 year ago
Yes, it is the bailout thing. Bail in the old bum.
focus21x 1 year ago
do they do that to keep bums and crack heads from moving in??
piketyl000 1 year ago
i, happy and is not a surprise....... since american quality homes are made of frame....only sticks instead of real concrete.....goood demolishe all and start building real houses
thenanook2 1 year ago
Just came across this vid, so forgive the late comment. Destroying a new home, prob very little if any attempt at recycling/reusing any of the bldg mtl. Give the bank bailout money and therefore money has no meaning to them. Just thro away the old and start new aye?
SouthernKudzu 1 year ago
there is a fix. ONE FIX. before a global depression. and it is simple and can be accomplished overnight. Starting at noon today NO money can any longer collect INTEREST !
sit back and watch people buy cars homes pay off their mortgages build businesses create free markets and enjoy sharing with other countries rather than existing on a military economy necessitating bombing them.
Too simple for arrogant wealthy politicians and Banks to comprehend.
huggmeok 1 year ago
sucks!! here i am trying to build my home
MrJoke1usatl 1 year ago
Only in America..
helio2 1 year ago
It's a waste, to be sure, but so are these over-sized American homes. Americans idolize big homes and fill them with more crap and gadgets than they need or can afford. The government and the economy are in the toilet to be sure, but the consuming public are just as much to blame for this mess. But, since we live in a "pass the buck" and "not me" society of people who act entitled to everything and who only care about themelves, this won't be a popular comment.
wheresmylife 2 years ago 3
The irony No one (US, Asia, Europe) can sustain the level of consumption that has taken place in the US for the past 20 years. Resources will undoubtedly become much more scarce as the human population BOOMS over the next two decades. EVERYONE is going to suffer and be forced to adapt. Foreign trade will become much more contentious, and some countries will undoubtedly suffer greatly. Can you survive where you are living if the price of everything doubles?
verbmerger 2 years ago
im going to live in new zeland so fuck you America. i loved America untill 9/11 happened. the whole country believed it was osama! i thought i was this country since the beginning. so fuck you stupid idiots. i feel bad to the 10% of smart people in the country. even if Osama did it, i wouldn't blame him. the untied states gave them fire arms, and told them to fight soviet and the united states promise to rebuild there country.but united states left. now Obama wants to do it.but we have no money!
88pie88 2 years ago
it's basic economics. House prices won't rise unless the house inventory is reduced.
Bankers need home prices to rise or they'll be stuck with only ONE 50-foot yacht..unthinkable!
and fewer homes equals higher demand and prices.
See capitalism at work here! Actually it might be better said "capitalism in the hands of thieves" at work here
5*s! great report thank you!
uturniaphobic 2 years ago
Totally agree, housing is a basic need, banks see it as a place for greed! Our family owns 100 acres, It's been a hassle just to get building approval just for one house. This land is only 30km from the capital of my state, and 15 minutes to the nearest hospital. Yet if we try to sell our land we would be lucky to buy a 1/4 acre block with a caravan on it with the proceeds, where the zoning is "residential". Government also likes high house prices as it pushes up capital gain taxes and rates.
pauloz386 2 years ago
Well said in my opinion!
Banks like high prices too. The amortizing on interest gets astronomical with prices so high. I bet a buyer pays about $1.5million over 30 years for a $300k home. with the difference lost in interest payments to banks
We're all being robbed blind.
uturniaphobic 2 years ago
Don't buy a house then! stay in your new york apt.
cobraman96 1 year ago
THANK GOD FOR SECTION 8
sfordgg 2 years ago
Main stream media doesn't want to report the truth. They are telling the opposite.
devere84 2 years ago
this should have been news on CNN
zeusvalentine 2 years ago
There is a new saying in America,SHOOT A BANKER SAVE A BUCK
ilililhy 2 years ago
ha ha
logic2reason 2 years ago
private banks promote greed amongst the middle class, and this is the result both in the Americas and in Oz, as well as in a banana republic (like when Central America was run by the Contras and South America before the socialists took over).
Tho the socialist South and Central American countries soon become dictatorships due to abreaction to the neocon rightwing militias arising out of the ashes of the past.
sageb1 2 years ago
The important thing is the bank exec's are well taken care of....
benzo771 2 years ago
In Australia, our property prices are 60% over valued.
Australia's current economic situation is a result of inflation out of control.
Families are to blame for most of it, 1 home isn't enough anymore. They want 6 or 12 or 20 homes!
MRMILO57 2 years ago
get a clue, that's right wing blame the victim mentality! No one gets foreclosed on if they have a 2nd property since they can use that as leverage on the 1st and rent out the 2nd.
dolt
PsychoticusRex 2 years ago
PsychoticusRex...incorrect.
Families in Australia, have hardly paid off their 1st house and use it as collateral to borrow for a 2nd house.
So when they lose the 1st house they automatically lose the 2nd house and so forth.
When Australia has our property bubble and the shit hits the fan, those families deserve everything they get, they deserve to lose everything.
MRMILO57 2 years ago
PsychoticusRex
Families have and do cause greed, not only the banks!!!....they are definately not victims, there are no leftwing people anymore, everyone is trying to make fast money.
MRMILO57 2 years ago
You obviously have no idea how banks, insurance and finance work, not even a grade school primer level of knowledge. There are plenty of instructional videos on YouTube, get yourself wise, arguing with you is like talking my dog out of licking himself; futile.
PsychoticusRex 2 years ago
PsychoticusRex....that did make me smile!
Even though financially, I'm in a rather comfortable position, if I want, I could go out and get loan, buy that 10 million dollar house with a 3.5 million dollars cash deposit.
The bank is not forcing me to, I choose if I want to do that!
So, I am happy to live in my 1.5 million dollar home, without dept.
You getting my point?
MRMILO57 2 years ago
If not pointless boasting of an adolsecent you've identified yourself as one of the monied problem children, you money allows you to get by without the kind of conflict resolution skills others have to take for granted. Go ahead, wade through life declaring everyone else bad people because they don't have the money you stole from them. Fascist, take your blame the vitim mentality and shove it up your loving oriface.
PsychoticusRex 2 years ago
PsychoticusRex ...I think you are a very harsh critic.
But you got my point loud and clear.
One more thing, I never have been dishonest with people when it comes to money, I actually do work for animal/wildlife charities.
You have yourself a nice day, because I sure am.
MRMILO57 2 years ago
Comment removed
petersoncarl 2 years ago
left wing? the only people I know who are left wing are government employees or people in unions. they want the guy at McDonald's to give up half his wages to support them - hardly fair.
zeusvalentine 2 years ago
zeusvalentine ....left wing....
You look it up!
MRMILO57 2 years ago
if it were familes, then you could also blame it on people have more kids that would be required to replace yourself. but anyways, its the banks who give the loans. That is the problem. just becuase someone wants a house, you cant buy it unless its for sale. If you dont want to sell, offer more money! you cant offer more money unless the bank says so. its the banks fault, end of story. 100% of the worlds problems are because of this planets ideals on money and banks....
logic2reason 2 years ago
logic2reason .......greedy familes are to blame for all the mess concerning unaffordable Australian properties, the famlies choose to take to loan, the banks don't force them!!!
MRMILO57 2 years ago
1. nowhere else can you get a loan, besides a bank. 2. money doesnt exist. They create it, and can encourage you to create it with yoru signature when they want you to. 3. they can also say no when they want to. 4. greedy familes are to blame jsut the same as the other 6 billion who rather not know anything about there lives. can't take power that is given to you
logic2reason 2 years ago
Schnappt euch eure Scheiss-Waffen und verteidigt euch endlich.
DtraRagh 2 years ago
This is what your tax dollars are Paying For!!!
moh2o 2 years ago
Guaranty Bank of Austin is wrecking the structures to provide a "safe environment" for neighbors of the abandoned housing tract in Victorville. Victorville city officials said the bank told them the cost of finishing the development would exceed what they could sell the homes for. The bank also faced escalating city fines as vandals and squatters took over the sprawling housing project, leaving behind graffiti and drug paraphernalia, city officials said.
nobleowl 2 years ago
Mindnumbingly retarded waste, ...
LemmingHerda 2 years ago 4
Holy crap man! I've never seen such a waste.
Did this bank not try to make a deal with Victorville? This would have been an awesome deal for the city - cheap or free houses.
Shadyhunter04 2 years ago 3
Civic officials have to give permission for properties to be demolished in their municipalities, it's called a demo-permit. EVERY level of government in your country is corrupt. if you had a CIVIC official just unwilling to give new demo permits this would never happen. instead they think it's their job to give a rubber stamp if they do it in a safe and clean manner. :P
PsychoticusRex 2 years ago
This has been flagged as spam show
so many people foreclose without realising they have other options. In many cases refinancing can save not just your home but also your credit rating and your self respect.
therefinanceunit . com is not affiliated with a broker or lender. It's an information and education resource to help people avoid foreclosure.
If you're in financial trouble, check it out - the future may be brighter than you think!
MrMortgage1 2 years ago
It sounds like most of the people in here didn't get the loan they wanted!!! and now they are player hating on their fellow Americans. These people just wanted a better life...You know the one they show you all day onT.V? You know the one they show you on Cribs...You know the America Dream? The Matrix is here people....wake the F...Up.
tourdogg 2 years ago
save a life, burn a bank
AvEryBadApPLe 2 years ago 2
Save a bank and burn a few stupid parasites who borrow irresponsibly to finance their own worthless existence.
moniequa 2 years ago
there's not enough gasoline for that, lol
AvEryBadApPLe 2 years ago
2 things, this was not a bail out bank. guaranty bank is not new and did not take any of the bail out money. second, the houses were not lived in EVER! They werent even done being built! Get the right facts!
heo87 2 years ago
before you ru around commenting on videos like that maybe you should put some info on your channel so we know a little more about where you are coming from and not just some asshole working for the bank trying to help cover their ass. And spread propaganda on valuable info.
thegreatwraith17 2 years ago
Maybe you shouldnt asume that i work for that bank.! Fact is, I did my homework. Instead of blaming the banks, maybe we should hold the companies accountable for defaulting on the loans that paid for the houses to be half built.
heo87 2 years ago
Hope they do this to my neighbors house, I need a bigger back yard.
MrSagio 2 years ago 2
here in southern california, we are not affected by the down fall...homes are still overpriced and people are buying homes in CASH...
i have been in the market for about 2 months, but i keep getting priced out by drug dealers and con artists that have the cash to pay for homes...
business as usual here in socal..
fuglyworld 2 years ago
soon be eating your hat dude, depression is starting to raise its ugly head , thx to a few greedy elite pricks .
diveplane 2 years ago 3
its the same old story, brother...rich get richer and poor gets poorer, no matter who's in charge...
fuglyworld 2 years ago
Also known as the Federal Reserve and Congress.
MrSagio 2 years ago
And also thanks to the dumb assholes who borrowed and now go through loan modification program in order to stay in their houses. So it takes two to screw us the middle class people, the elite pricks and the asshole poor, fuck them both.
moniequa 2 years ago 2
the elite are always going to run things. a place at the table is off limits to middle class. the lower class is just there to scare the shit out of the middle class. they also give a great incentive to the middle class to wake up every day and take their ass those jobs. immigration, simply creates a lower working class of people. everyone claiming to be "a hard working american," simply didn't get the memo of how outsourced this country has become. funny, it didn't all happen overnight.
AvEryBadApPLe 2 years ago
Lets face it, the middle class is the slave for the elite and the poor. You can say it is a three-some and we're in the middle getting screwed both ways.
moniequa 2 years ago
My four brothers and i do both,we build and we demolish.Commercial and residential buildings and homes,and then we trucked the construction refuse/demolition debris to our sorting facility prior to loading it up into a transfer station trucks heading for the city landfill.
KhmerSerey1 2 years ago
I live in Victorville, our city council here is full of a bunch of morons who have decided to make this place the section 8 mecca of California. They lost billions of dollars on powerplants they built, they lost $15 million on a "Road to Nowhere." They are building low income housing all over the place. Crime is skyrocketing. If tearing these houses down kept some good folks from moving here, then that is a positive. Everyone who is a decent person is trying to get out of this place.
drgeisme 2 years ago
Banksters will go to rob us taking our tax dollars AND our HOMES.
darkangelextra 2 years ago
this videos open my eyes.
andrescaraudio 2 years ago
wood plaster and fucking mud yet theyd rather destroy it than give it to someone
fucking sick
860015 2 years ago 4
@860015
Screw you. Looking for a handout. Buy it if you want it.
eatandtravel 1 year ago
There is a method to the madness....The elite are secretly buying up tent citys all over CA and the US. Less homes=Million$ Tents Get It. watch for the tent shortage in a city near you.
My prayers go out to all those tent people!
God Bless!
buzzz1213 2 years ago 3
This comment has received too many negative votes show
This is exactly what we need, remember supply and demand? No one should get these houses unless they are willing to pay for them. As it stands, they are owned by the bank and the OWNER has the right to do with them as they please and from a financial point of view it was a smart move to knock them down.
EricSpringHillFL 2 years ago
agreed!!
wilatemodel 2 years ago
This comment has received too many negative votes show
Doesn't anyone get that the city was fining the bank? The City of Victorville could have saved these homes by making a deal with the bank.
priestley6090 2 years ago
That's not the point. They are destroyed to keep the price high
DavidAKZ 2 years ago 7
This comment has received too many negative votes show
People always blaming the rich...., Tell when is last time the poor provided jobs ?
bangkokslim 2 years ago
so, the rich will provide jobs for all unemployed americans ?
no they take the million dollar bonus
and leave the rest to rot.
go tell that story on the workfloor or to unemployed workers.
but i'll bet you don't even know where it is,
or what work is.
are you paris hilton ?
dieper2dieper 2 years ago 10
This comment has received too many negative votes show
The only way you will rot is if you sit on your lazy ass and not do something and work. You God damn useless piece of garbage. I have always taken care of myself and always will. Take care of yourself and quit being a parasite.
JohnBigBootay 2 years ago
that's pretty crude while i (still) have a job
and work a above avarage number of hours.
dieper2dieper 2 years ago 7
Yeh.Until they lay you off.
thegreatcrates 2 years ago
That's f ed up
1lady4freedom 2 years ago 18
so sad. a bank would rather lose 100,000K by destroying home than rather gain 30,000K by sellingh this home to low budget familys. i guess 30000 or 50000 profit not worth it for a bank, they would rather lose 100,000??? that teaching them rich people.....suck!!!!!!!!!!!!
AverAverComo 2 years ago 12
yeah, thats just like the rich.
if they can't profit from it more than others,
they will destroy it
and they just don't feel too rich at the moment,
obviously they lost some money too
so how can you feel richer than others when there is resession ?
easy, just make others poorer.
so they can eat kaviaar and drink champagne
while they look down on people starving to death and say to eachoher
"damn, we do have a good life, it's a good thing i take care of buysness unlike the looserscum outside".
dieper2dieper 2 years ago 18
@dieper2dieper ...why are you blaming the rich? it's not the rich that caused this it's the fact that middle class Americans lived beyond their means, mortgaged everything and now can't make the payments. The country is privately trillions of dollars in debt as well as publicly.
Rich people are rich because they don't have debt. Losers make and pay loans, it isn't CEOs making 2.5-5million a year that caused the financial crisis. It's ma and pa American who mortgaged the farm and can't pay.
justgetsome 4 months ago
Did you even read the description? The homes weren't up to code, therefore no one should have been allowed to live in them. The bank was losing money on them every day, and couldn't sell them without pouring more money in on fixing them.
Pingletons 2 years ago
This has been flagged as spam show
Cover your mouth with your hand
2. Make a wish
3.Close your hand (fist)
4. Hold your hand at heart for 5 seconds
5. Send this to 3 more videos
6. Tommorrow will be the best day ever
it actually worked
Money- you will find a wad of $200 in cash
Love- Your crush or lover will kiss you or ask you out
blessedwithall 2 years ago
thanks to my upbringing always knew bankers were pricks to be avoided not worshipped
cindyandyogi 2 years ago 8
your parents were/are wise people.
dieper2dieper 2 years ago
What a shame, these banks should be giving these homes away and trying to uplift people. Instead they tear down peoples dreams to maintian their grip on power. You the tax payer basically payed for that house by bailing these banks out and now their going to kick you out on the street. This video represents the class war going on all over the world. The rich few tightening the chains on the poor mass. Think your middle class? Think again... The rich want cheap labor and slavery is the cheapest.
ChoasTheory2000 2 years ago 4
could've given me the home...
carmodifire 2 years ago 5
So much for 'Hope and Change' eh?? I recall a large and significant number of concerned Citizens calling on their CONgressmen to LISTEN to their voice, which clearly said NO to any Bank Bailouts. Somebody ignored it. WHY?? This predatory fiscal practice will result in an enraged and furious blowback. Banksters , you will feel the fury, and soon!! Count on it while you count your ill gotten gains. It`s coming to you.
bigcree 2 years ago 10
Nothing is proudly made in America any more just all sorts of dishonest to earn a buck. These blood sucking corporations which you bailed out would rather burn down and destroy a foreclosed house rather than sell it cheap for some poor folk to buy. These lecherous banks are destroying houses to create the illusion of shortage so they profit a hundred fold from another orchestrated property bubble. This is what your bailout money is doing for you folks. Wake up. smell the hide burning on ur back.
victube0418 2 years ago 10
Way good words, you speak with absolute clarity victube.
bigcree 2 years ago
Now we can blame greed for destroying the envirnoment. What a bunch of wasted materials why don't you give those homes to habitat for humanity.
midwest26 2 years ago 3
built to destroy..
tzzzzz
DiscoBlasphemia 2 years ago
hmmm....me thinks i let my emotions stray,....thanx for makin' me leave lalaland and returnin' to reality! ; )
qualqui 2 years ago
A living, 4d analogy of what Americans and the rest of the planet are suffering. Well done, VV. Thank you.
Dirtbath 2 years ago
thx for the comments
visionvictory 2 years ago
The homes had never been occupied. it would have cost more to finish them with NO prospect of selling them, all the while the state was taxing the Banks for property tax on the forclosed (FROM THE BUILDER) houses.
enkelin32 2 years ago
Its this kind of wastage that america has become despised for, over-eating, over consuming douchebags, this is why your country is a broke joke.
No offense Vision, you're one the decent few americans that still exist, I commend your videos.
pierrelarouge 2 years ago
way to stereotype there buddy, you ever been to america? You can blame the central banks for this shit. The central banks of the WORLD, in cooperation with one another. The elite monetary class.
bukakkesake 2 years ago 3
you people are douchebags. Its the ignorant population that is the problem. People racking up credit card bills, getting double and triple morgages on their houses, ect. The US population is too stupid to handle money.
NKdude 2 years ago
Here is ONE OF MANY signs of how poorly things are being managed in this country.
When will the masses WAKE UP and stop buying into the voting system, the tax system, the military system???
You want REAL change? Stop fueling the machine!
Peace
PeaceIsRad 2 years ago
Everyone here is blaming the greedy banks. I think the state is at fault as well. They were the ones filing charges against the banks and they are the ones who make up all this stupid codes and regulations and they are the ones who tax the shit out of property owners.
Budguy68 2 years ago
What a shame,.....brand new homes,...demolished and so many homeless folks!!! tar and feather all the friggin' bankers!
qualqui 2 years ago
mthr freeken, what the hel is this chit!!!!
dam it this makes me mad.
pgm98387 2 years ago
They should have advertised the house as a come and get it. First come first served, windows, doors, what a waste!
AT CRAZY UNCLE SAMS our prices are INSANE!!!!!!!!!!!!!!!!
4Freedomrider 2 years ago
I bet those people declared bankruptcy and were not model homes but the people were at work trying to make ends meet. Bankers are scumbags. EVERY LAST ONE SHOULD BE TARRED AND FEATHERED!
mercen144 2 years ago
holy shit!
mercen144 2 years ago
This has been flagged as spam show
Your tax dollars at work.
4Freedomrider 2 years ago
This has been flagged as spam show
Found a cool website, its at squidoo/economypolitics(Don't forget to add (dot)com after squidoo) Its about the economy, gold, silver, fiat money, stocks, government, tips..etc. Check it out and help spread the website 2
Anythingwilldo41 2 years ago
I finally read the article, which is linked to the right of the video, and it makes total sense.
These properties were foreclosed on and the bank has a decision, finish them and sell them, or knock the unfinished homes down. It makes sense that they knocked them down, check out the article.
gmc74 2 years ago
Bailout recipients foreclosing on those who bailed them out.
Good business?
jaymzdean 2 years ago
Yes, they do often stucco home in so cal, but those homes have sheets of plywood on them. You can see the black tar paper around the lower left window.
There is more to this story than this guy is sharing, I am not sure what it is, but there is something missing
gmc74 2 years ago
Doesn't Jimmy carter do that housing for low income or something to build homes for people?? Get people to donate their time and have supplies donated and finish these homes. Lowes and depot can use the donated materials as a tax ride off. Have trade school kids finish these homes. No wonder were all screwed here. Banks get all of our tax money, we don't get raises at our jobs. More money down the drain. Thats it, I am going to watch Howard Stern and letterman on youtube. Good night peeps
jennmeto 2 years ago 3
I don't buy it, he said it was a model home? It didn't have siding, it was wood sheathing. Is the actual story not good enough? He felt the need to sensationalize it?
gmc74 2 years ago
No siding because they stucco homes here.
auto9898 2 years ago
If the subdivision failed and has no hope of being completed within a reasonable time, why not demolish the models? They can not be occupied - they are sitting in the middle of an empty field with no streets. They would only be vandalized and become dangerous eyesores. It would cost the bank more to maintain them than they are worth, and by destroying them the land remains unimproved and is taxed at a much lower rate.
Managed decline has been a reality in many midwest rust belt cities.
DFDalton1962 2 years ago 3
I actually bought a home in a subdivision in 1993 that had been abandoned for two years in the middle of construction during the Savings and Loan crisis in the early nineties. The half-completed structures had to be torn down to the foundation before building could resume.
DFDalton1962 2 years ago
i not in tent city?
DRAGONFIRELL 2 years ago
it was probably just the little dick ass code enforcer trying to justify his salery and prove what a big man he was to levey a fine every day. What a hero he was.
anyname666 2 years ago
the greedy city official who were not willing to work with the bank are the ones to blame as they were fining the bank each day with a new fine that the homes were not completed. The city just wanted there building fees.. The bank is a bank not a contracting organization. DUH shame on the city fathers. Shame on the idiots on the council. Who forced the bank to take this drastic action.
anyname666 2 years ago
The government spends money worse than a drunken sailor (no offense to sailors, they've earned it). A sailor uses his own money. He doesn't barrow money at interest to go on a spending spree.
The government could create the money instead of borrowing it at interest from the privately owned federal reserve bank. The constitution empowers the government to create the money it needs.
zonsb 2 years ago
Not one in a thousand people realize that the national debt is owed to The People. They're the creditors/collateral backing the US dollar. They have first-in-line right of lien. Think about it, if you're the creditor, shouldn't you be repaid.
Google commercial redemption. Watch videos by Robert Menard and thinkfree (dot) ca.
zonsb 2 years ago
How do you like your OBAMA "HOPE & CHANGE" now! LMFAO! SUCKERS!!!
Halftrac 2 years ago
@Halftrac COMMENT WIN, I saw this coming even before he got in to ruin America
That IS his goal after all, I'm pretty sure he isn't even a legal US resident!
NFE2002 1 year ago
@NFE2002 THANK YOU!
Halftrac 1 year ago
stfu if people dont have money to pay for the house they shouldnt be living in them... Fuck people getting shit for free from other peoples money. The gov't is going overboard... the banks have the right to do what they want the. The Bailout is the problem here not the banks... giving away our money to all these shitty companies that don't know how to support themselves. LET THE SHITTY COMPANIES FAIL... these bailouts are a way for Obama and this retarded democrat party to obtain more assets.
DimitriNakos 2 years ago
I hate waste. I hate American waste I hate waste so f#$%ing much. 'To the dump. No you can not pick the dump. No that is to be destroyed." f@#k you banker f%^&ing f#$%s f^&*ng wasteful disrespectful, injurious, unjust earth killing machine lover. God this pisses me off!!!! whatever genius thought this up should be hung and any politician that stands in the way of a needed variance should be publicly whipped. I hate waste!
desertblbuesman 2 years ago
This is absolutely unconscionable with people citizens living in tent cities.
Itsjustme222 2 years ago
That's what every person facing forcloseure should do...Tear it up! Then we'll see a change in attitude by the banks regarding forclosures...
davidsimsjr55 2 years ago
Tear up your own brainless greedy head! Who the hell forced you and your idiot friends to take out loans and bought homes they couldn't afford? It is criminal to destroy someone's property. You're pathetic, you'll never own anything.
moniequa 2 years ago
8-P
davidsimsjr55 2 years ago
thanks for sharing the truth
youarethedeal 2 years ago
Do you know how many people could have used those homes you filthy bastard bankers.
wwizman 2 years ago
I imagine that the government is pressuring them to get rid of surplus homes.
oilhammer04 2 years ago
beancube2008 wrote. See how money the cause of insensitivity
Not money, its the improper function of money by corruption. Money should not be used as a commodity sold at interest. It should represent of a nations real wealth based on human progress, intelligence, labor, production, innovation, natural resources including gold and silver and the stability provided by good governance. This is what should back debt-free currency, not just gold, as the security to maintain a nations currency.
Probesoul 2 years ago
This has been flagged as spam show
I listen to Alex Jones on my shortwave radio. It is 5.070 on the dial. A good shortwave radio is the Kaito ka1102. $60.00 at J & R music World. This radio has SSB (single Side Band) which is used by the military, ham, police.
If you want a really good radio (made in Japan), the SONY ICF-7600GR. $130.00 on Amazon.
CampsSuck 2 years ago
See how money the cause of insensitivity. Just let them sink. Keep natural resource intact and start some new exchange/trade methodologies. Set free our human mind and soul. We want to take of people and live with them. We have fight and get real jobs back into our communities, not driving each other away from homes. We know many things from each other through technology now, we surely can share and show each other how to build with no secrecy. We can group differently without big corporations.
beancube2008 2 years ago
Ron Paul...we need you now more than ever!
bunksbunks 2 years ago
How can a home can be worth more if you destroy it? Imagine how far out of balance the market must be from the accounting changes...it also hurts the town and city tax rolls. Now we see the stock market 'tank', bail outs in failing companies, poorly planned stimulus funding and outrageous spending that cannot be supported.
cksilverado1 2 years ago
this collapse of the bubble was engineered by the federal reserve. the federal reserve is a scam. the entire country has been scammed by the federal reserve since 1913. you can find quotes with allen greenspan, woodrow wilson, andrew jackson, thomas jefferson and more talking about how private banks controlling the issuance of our money is a scam that inevitably leads to our enslavement and loss of rights.
qweqqweqbt 2 years ago
its sick isnt it
maradonasublime 2 years ago
that should be against the law to destroy new houses , all that labor, hard work, planning and the materials. Those houses should be RENTED out , stuupid banks
elizer3 2 years ago
What can I say I Am just as stupid as the banks I guess they think that they can make money selling lumber
ortafunk 2 years ago
I'm not sure how long Bwaney Fwank is going to hold HR 1207 in Committee. But,if this bill drowns, I think you'll have a good understanding about your place in this "republic".
coultrane 2 years ago
Did Brent ever give his donations back after balking on his trip to Mexico City.
coultrane 2 years ago
That's our tax dollars hard at work, doesn't seem like reality but it is. Our government 's spending money like drunken sailors in the name of stimulization. Who's getting stimulated? You know who's getting screwed it's the american people who will foot the bill one way or another. Our government is way out of control.
chancedagardner 2 years ago
hey i use to live near that site...lolXD!!
lilD1999 2 years ago
The 1929 comparison of the DOW is not non-sense. IN 1929 we were on the gold standard and could not print money. Today we can print without limit. Hence, inflation will fuel the market.
bj4paul 2 years ago
The markets just activated all thrusters!! The Dow is in the Stratosphere, soon Mesosphere and onto the Thermosphere. What happened to Dow 1,500 or 4,000? This thing might very well be a Ponzi Scheme but it's going past 14,000 regardless.
facesofdeathfan 2 years ago
lol- not going to happen. Dude, whats up with the short term memory? watch one of my vids from last year when the dow was at 12,500, same story.
visionvictory 2 years ago
Perfect example to expose the rift between money and reality
wreckerpecker 2 years ago
Soon the US dollar will collapse and visionvictory is one of the few who is out there speaking the truth about the economy. I suggest reading the articles and signing up for the free newsletter at: Inflation . us
jckjti49 2 years ago
DX has blown straight through the 200 day MA, for first time since last July. This is getting interesting now.
Trazom24 2 years ago
If we could just find out who's in charge we could all congratulate them or sue them.
ghosty426 2 years ago
Reinhardt is predicting a market COLLAPSE on Mon 5/11 - he's bound to be correct one of these times ?
florgat91 2 years ago
California could be broke by July, state official warns
Despite the budget fix enacted in February, the state is on track to come up $23 billion short of what it needs to get through the year, the Legislature's chief budget analyst says.
Expect more and more failures on local, county, and state levels. The truth is not even close to what wall street would have you believe.
coultrane 2 years ago
Furthermore, I think we'll see what effectively amounts to bond failures for municipalities. After all, if the US can't sell its debt, who is going to want to buy debt from Wichita, Ks or Debuke, Iowa?
coultrane 2 years ago
Like it or not the DOW is going back to 10000+. You can ignore it or go along for the ride. The weak economic numbers mean nothing when the public doesn't want to hear about it. The "Human Spirit " aspect of the markets has taken over and will take the market to much higher levels.
taineasy 2 years ago
You could be right. IWhat's interesting is the Dow went up 50% from it's Nov. 1929 low of 200 to its April 1930 high of 300, only to fall 75% to 50 over the next 3 years. 50% up from 6,500 is just about 10,000.
Trazom24 2 years ago 2
nice post. 50 is actually 83% down from 300, pretty severe.
dfjpr 2 years ago
Spot on...I hope you're wrong, but believe you're right.
bunksbunks 2 years ago
Not a chance. To compound matters, the biggest population bubble in American history is less than 5 years away from taking MANDATORY distributions from their (defined contribution) retirement plans. Government debt + corporate debt + personal debt + mandatory selling = DISASTER
bunksbunks 2 years ago
Construction is crazy here in Central Florida; new roads, commercial properties and home developments are like wildfire. I passed a home development yesterday starting in the low $500,000's, the economy is thriving once again.
GanjaZombi2 2 years ago
U.S. 30-year bond auction gets dismal reception May 7 (Reuters) - A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy. The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. An extended trend of rising yields could force up longer-term interest rates throughout the economy.
coultrane 2 years ago 2
"It was a horrible auction," said Mary Ann Hurley, vice president of fixed-income trading at D.A. Davidson & Co in Seattle.
"It just does not bode well for interest rates. It's ugly, it's very, very ugly," Hurley added.
coultrane 2 years ago
Must read article and embedded video on what oversight means in congress. FIVE STARS! Spread the NEWS!!!
w w w. salo n. c om /opinion/greenwald/2009/05/07/oversight/
The FED has YOU on the hook for over 9 TRILLION dollars of off balance sheet deals.
SUPPORT HR 1207. AUDIT THE FED!
coultrane 2 years ago 4
Subscribers - hasn't gone up (even by 1) since the MSM picked up this story and mentioned visionvictory. I would have expected traffic and subscriptions to have doubled, at least. Weird.
drutter 2 years ago
not everything is a conspiracy... so when is your next vid?? :)
kenandjasha 2 years ago
Wall St. Journal mentioned visionvictory in article on the demolition and a front page picture. L.A. Times on front page had demolition picture but no mention of visionvictory. No doubt it was a scoop.
videorizing 2 years ago
So now the mainstream media is ripping off the alternative media, lol. Maybe visionvictory should sue LA Times for using a still from his footage without permission, just like the Pittsburgh Post-Gazette (or whoever) closed down TheAlexJonesChannel.
johan404 2 years ago
Welcome to inflation. Your dollars will be worth less, but for a brief period, you may feel rich! Numbers mean nothing when it takes more to do less. Are we that stupid?
coultrane 2 years ago
unfortunetly apparently we are
kenandjasha 2 years ago