2010-2012 deepening Banking Crisis - second wave of $1.5 trillion home loan defaults

[fabianstraregy]

Very informative .

[gowidenow]

Just today we saw a US report that 3 million defaults have taken place in the US at the end of 2011 and 5 million home loans at risk. So this guy was spot on.

[biospharms]

@ehrydburg, you are right, sustainability will be the key to survival. This is why we are helping families create a sustainable Biospharm for themselves. You will need a supply of seeds and supplies and a safe retreat to escape the populations. To many will be caught off guard in this collapse and will become dangerous. Search Biospharms for information on how to get started

BIOSPHARMS.

[kcozgrove]

The USA sucks... Liars, cheats, bunch of idiots. And i live here!!! Politicians, greedy wall-streeters, drug companies.... What a LIE this whole country is

[neurogence]

Absoulutely, it's set up to FAIL. These false investments which congress never paid attention or willingly let it pass.

[robinliveshere]

WARNING banks and wall street (who run the show) didn't put themselves in this situation without knowing it; this had to be planned. Currently, banks are offering class action lawsuits to fix these loans- which eliminates the right for people to sue them and merely offers a fixed loan-what should have done initially. Opt out of those. Then fight back and sue your bank. Start reading the Bible- everything is predicted; including this.There are seven trumpets that blow... and this crisis sets up

[urbanecondetroit]

Take a look at the YouTube video-- Mortgage Tsunami Two: 2011-2013

An animated presentation of the ARM underwater default crisis that is currently brewing.

[NaturalGlory35]

The World better wake up and acknowledge Jesus Christ...because of our sins and allegiance to money is the reason why these things are befalling this world. You read the Word of GOD...he foretold these things before anyone else. Click into the Spirit and see the fall of those who trust in riches. This is the only time in my life that I am thankful that I have been poor, because none of this is a shock. It is a shock to those who have lived high on the lie.

[bradq]

lets just hope it does not get to the point where we are eating our dead. support your community and help each other out lest we attack one another.

[bradq]

the crash is intentional. study your economic history. the biggest scam in the history of history.

[bradq]

wheres the money? no money, no debt. simple. you cant pay a debt with debt. the alleged debt is unpayable because we do not have the money. we have not had the money since 1913. no money, no debt.

[chefshitpiece]

The shitpiece...pardon the pun...condo was never worth 2,5 mill. Which explains why it lost 1.5mill. That thing should be goingfor $130000...and not a dime more!

[kcozgrove]

Exactly right.. The us economy will crash... People will leave the US in the next 5-7 years to other countries

[biospharms]

This Greater depression that is just underway will destroy the US. The youth of this country is already planning on moving. They will not stay to pay for all these people who stole all the trust funds blind.

Dozens of us are planning to move to Central America. Specifically most of us are planning a community in Belize.

As for me I say let politicians and bankers pay back all the debt the stole from SS and Medicare and taxpayers. We are moving to our Biospharm.

[MrSustainableAg]

Just as you said this is happening now. The world better wake up and search sustainabality videos. Learn how to grow your own food now while there is still time. The era of the US rule is over and our own greed did it to us. Please Prepare now

[oldereb38]

The Ponzi scheme Fed stole $8.4 TRILLION from the auctions of Treasury securities last year. Congress never asked about it. It is embezzlement that is leading to national bankruptcy. The wealth of the nation is being transferred to “financiers.” Ref. 3w scribd dot com message 49040689.

[nwaustx2011]

Peter Schiff predicted this in 2006. Why doesn't 60 minutes interview him???

[BellaMorte024]

Lets work together and all of us "little people" on the bottom shall inherit our Earth, no need for money, we have to pull together, the richies with no soul are on their own. Watch Zeitgeist to get the full picture of what we are facing and how our human race can overcome. I was negative for so long, but I believe we can do it, we can survive, and we CAN preserve our Earth and our PRECIOUS RESOURCES that we cannot live without.

[patilan420]

"grow forever" is a CANCER strategy, and if not stopped one way or another is lethal.

Stopp growing if you want to continue, or face the consiquence of your own greed!

[biospharms]

This guy is right on target. Look at the stats, he issued this warning long ago and here we are today seeing the start of another big leg down in R/E. Commercial is a bigger problem yet to come and he doesn't mention it here. Prepare if you can. For those who have the means start a Biospharm in central america or else where for a safe haven. Subscribe to Biospharms

[equsnarnd]

Wall street may have dug the whole but it was Barney Frank and other corrupt government pols that gave them the shovels.

[rbf100]

This is the real reason for QE2. It is a further bailout for the banks that are holding some of these mortgages that they were not able to pawn off to other parties. Not the B.S. that Bernanke is trying to flog as the reason for QE2.

[2020CHITOWN]

This whole mess has not even begun to unravel. The last two years were just the tip of the iceberg. Even what they are talking about here in this video is just the begining of the unraveling. The mortgage mess is a financial cancer that is spreading slowly. The banks haven't even begun to realize these losses yet. It is a mess of unbelievable proportions that could take as long as 10 years to get to the bottom of according to some expert estimates. Hang on, it is going to be one wild ride.

[biospharms]

As an American I can tell you we were never taught anything about sustainabality. We were told in all the business classes that this thing will grow forever. And for anyone under 70 that has been true. Now I believe we haven't had sustainabality since the late 1800s. Today we are developing sustainable mini farms in tropical for people to weather this decades long depression. Biospharms has a YT cannel. subscribe!

[LAZrailkapinda]

@biospharms

All your life you've been lied to.

[ehrydberg]

@biospharms Very true. Sustainability is a concept that is unnatural to any single species. Nature has sustainability by managing all species as a whole, unified ecosystem. To have sustainability in our own human economic system, we have to actively manage it. Logic and experience quickly show that indefinite growth is impossible in a closed system (such as the Earth) as resources have to eventually be exhausted (re: entropy).

[ehrydberg]

Respond to this video... It's analogous to the story of species that double in population every minute until, after 1 hour, they consume all their resources. At 59 minutes, on the verge of doom, they still believe they are fine as they still have 1/2 their total resources (financial or material).

Our messed up, debt-dependent, global economy has been the 59 minute mark for several decades and now the clock is ticking over.

[seplrm]

I'd say policy planners globally and in the states understand this reality and are eager to rest the inbalance. Though this will cause major discomfort for Americans. I feel sorry for Americans, this whole process coupled with poor education and awareness about the economy has caused major pain for many families.

[seplrm]

I'm not going to make a claim that what I think is correct, but the information is scant and you really have to rely on your own astute abilities. Major banking policy is not going to be printed in a newspaper or even properly documented by the occult watchers. But I do have a couple obeservations to share, they are what I have come to understand and am still eager to learn.

[seplrm]

@seplrm America was inflated with capital and obtained one of the highest purchasing powers in probably all of world history. Americans were able to purchase goods and services for prices unseen. Just go to your local wal-mart to see what I'm talking about. You could say that the American economy served as a surrogate to developing asian economies. As The asian economies grew policy planners began to realise....

[seplrm]

@seplrm that America, in the future, was not going to be competative in all areas of production and service as they were in the past.

The Banking sector in America helped the American economy mantain its role as a surrogate, providing cheap credit to purchase goods and tempting loans to purchase homes drastically increased America's export consumption. Which in turn helped the manufacturing of these goods in other world economies.

[seplrm]

@seplrm However, this role of surrogate can not last forever, and I suspect its presence was intentional.

Today, Americas access to cheap credit is gone, Increase ones expenses towards their major assets and you decrease ones purchasing power (Mortgage rests). Americas future contributions for the world economy is to be determined (possibly green initiative). Americas role as a surrogate has decreased dramatically. 

[seplrm]

@seplrm In the end, this will benefit the world economy as a whole, but will have major ramifications for America.

Soon it won't be so easy for Americans to purchase clothing made for pennies.

It won't be so easy for Americans to travel just about anywhere in the world for a couple month wages.

It won't be so easy for Americans to go into their grocery store and buy stuff from the four corners of the globe.

The above is the reality of 98% of the world.

[onceANexile]

OOOOMMMMMGGGG! Traiters! They should all be taken out and SHOT.

i'M GOING TO BUY FOOD!

i'M GOING TO GET MY m1 CARBINE.!

[biospharms]

We must stop allowing big Government and Monopolies from enslaving the public with laws and unfair practices. Our only way to kill the beast is to starve it out. Small local governments and unions must be starved out as well. Our Western culture was unsustainably developed based on cheap oil. We must let a reset happen. The depression thats coming will be deeper and longer than the first one. Prepare with seeds, water filters and storage, or retreat if you can. We can help darinsmith@inbox.com

[kuanged]

I love this guy's style.

[abrakobama]

Wall street brokers planned this. Big deal guys we were bound to failure ever since members of secret occult societies began writing our constitution, and began population the US.

[criticNWO]

NOT JUST HOMES BUT CARS,FURNITURE,TRAVELLING,CLOT­HS AND EVEN FOOD WILL ALL COLLAPSE AND 90% OF THE BUSINESSES. IT WILL BE THE TOTAL ORGANIZED DEMOLITION WHICH STARTED IN TIME WHEN JOBS WANT TO ASIA. NOW WEST IS A GHOST WORLD WITH ZOMBIES AND DEAD MANLIFE

[lusaka99]

@criticNWO why would they plan that what is the reason do you know im sure this is on purpose because america just wants to print money 

[jwgbmp40]

well no shit. the recession of 08 was due to all the job loss from 02 till then. get ready for another crash from the "remainder"of those who kept working but at half the earnings. our govt and corporate america need to get out of bed with one another. wall st, is lucky i'm not king.

[detroitmadman]

insane? this is beyond insane.

[anglitoestebancito]

no wonder the Mayans predicted big trouble in 2012!

[Puzzoozoo]

Better fasten your seat belt folks, looks like we are all in for a very rough ride.

[oc5nsli341nforce4]

This is a systemic global economic collapse just give it a few years we will be in a 50 year depression if nothing else goes wrong but with the government we have and declining relations between nations war is almost backed into the cake.

[slinkycat321]

looks like all the TV watching, head-in-sand Americans are getting the noose tightened around their necks a little more. Forced to buy expensive health insurance at IRS gunpoint, combined with mortgage rate resets on their homes - could this make a combustible combination? Not the change they thought they were getting with Obama was it.

[dv2012]

This vid is from 2008

[PaulRevere2012]

@dv2012 -- yes , But the Option Arms mortgages begin to Reset 2010-2012

[UU361]

TARP watchdog blasts Obama housing program

The Obama administration's $75 billion program to help homeowners risks failure by, "merely spreading out the foreclosure crisis," a top government watchdog said Tuesday.

Ring, ring.................##^*$.

* BofA to offer forgiveness of up to 30 pct in two stages

* Statement due Weds, also covers negative amortization loans

[vinny1010]

Fall 2011 will be a killer, thats the highest rate of options arm resets

[62636263c]

The fact is, many of the homes in default from the first melt down have not been marked down and put on the market, because lenders are not able to take the loss on them, even after the bail out to prop them up was administered. The number of defaults to date are small in comparison to what is ultimately coming down the road.

[countrysamurai]

@62636263c Hi..are you basing this on the 60 Minutes spot or do you have other information to make you believe this???

Any idea on when we might see this?

I know that we are headed for a world of shit...I would like to be able to pin point it to a time frame.

[LuqmanNaq]

@countrysamurai Timing is pretty difficult to do, within a decade but things are getting progressively worse each year, another major financial crash like 08 will probably take place within a yr. Check out Michael Ruppert, Gerald Celente, Steve Keen, and Peter Schiff.

[amerenio]

@LuqmanNaq Thanks for the info!

[resourcefulgirl]

@countrysamurai Great question. Try reading the Wall Street Journal, Financial Times.Must Read Crash Proof!! If the banks balance sheets show the true picture there would be a run on the banks. This is a global economic crisis which isn't being felt yet. This phony accounting by the banks is actually buying everyone time to prepare.Look up how many wars are started because a bankrupt country always needs a scape goat.We all played but the finger will point at the US. Very serious stuff here.