The Government Housing Market - Upside Down

[sha370z]

Feb 2012 i look at some avg homes new and they where $704,000 to $860,000 and up

3590 cydonia court Dublin CA 94568 KB homes

[Larkinchance]

Go back to your dog-eared copy of Ayn Rand's, Atlas Shrugged!

[Larkinchance]

You scum!

The banking industry with the help of Phil Graham wrote the legislation that de-regulated the bank lending practices. with the help of our elected bought off politicians..

You act like this was government's doing and that the government made the banks lend to subprime borrowers.. Through the deregulation, the banks created predatory loan traps and usurious lending practices. 

F*ck you! The banking industry is the government!

[Bigole58]

If we start renting and not buy they will chg,,

[huskerbird1]

Ok Danieal, help me with this. I live in oklahoma and we didnt have the run up in realestate the rest of the country did. I have some rentals, just sold one that I was renting out for 450 a month, they go in paint and raise it to 650. I dumped it below market cause I am afraid. Should I dump the rest, or keep and raise the rents?

[mredstriumph]

@huskerbird1

Just my opinion, but people losing their house and walking away from their mortgages would seem to be good news for someone holding multiple rental units. Once you walk away from a house, it isn't like you're going to have credit to buy a new one anytime soon.

[huskerbird1]

@mredstriumph falling market, repos abound, and the price will continue to deteriorate.

[CrushTheStreet]

This documentary deserves more views

[WarriorOfEarth]

Daniel did you bother to check out the website searching68 posted?

(osixs.org/Rev2_menu_commonsen­se.aspx)

If we ALL actually were a part of this, we WOULD take back America......the Right Way..........it is OURs!!!

[sh55555]

Hey Daniel, nice video. Just a note though. Even if home prices come down, a good thing overall, we still won't own our homes when we pay them off. The property tax man will. Still a great vid my friend!

[sh55555]

@sh55555 I posted a response video. Thanks for the micr-doc Daniel

[Eraser7622]

Not sure the value in this type of video any more Daniel.. the system can't be fixed. It is too late to let it correct and get things going again. It's over. A total and complete implosion has occurred and is only being covered up with paper band aides... there is no fixing it. anybody who thinks this will turn around just like it always has is going to be completely shocked at the utter entirety of the collapse.. it won't just be banks and wall street paper losses, but entire life savings.

[valkiej]

See my coming stockmarket crash analyses here please: watch?v=1nGI1g_N2cQ

[amcanmike]

I was just on the east coast new york,boston,atlantic city,philly,wash dc,all are booming,doing great,jobs,wealth,home prices at all time highs,and selling fast,I just didt see any thing like this dan.

[Eraser7622]

@amcanmike

wow, you sure get around. so you surveyed a wide cross section of people in all these areas to arrive at such a conclusion huh? no? what? you just visited each area for a day or two and figured since you didn't see anything out of the ordinary that nothing was out of the ordinary? Hmmm... I guess that's how the corporate media would have folks believe too.. nothing to see here, carry on.

I'll await your video where you own me and prove that the east coast is doing well.

[33goego33]

00:33 sold out??? 1:33 manipulated??? 2:33 interested??? 3:33 remember 4:33 blackout 5:33 implosion census??? 6:33 inflated??? 7:33 run 8:33 notice??? 9:33 300% 10:33 today 11:11 fall 12:12 end

[judutchinski]

Asssed out America. It's going to get alot worse. Those people that are late on payments will be clawing their way out soon. Options will run out for them and then it's pretty much armeggedon time. Minimum wage will need to go up or shit will hit the fan. Companies will need to give pay raises or shit will hit the fan.

Coming soon to a bedroom near you. Lock ya windows. Hide ya wife.

[2ndFUTURE]

Skip to the end to see who is paying for this.

[thesilverjournal]

35% of mortgage holders have between 0 and 10% equity meaning that the FED will throwing everything at the housing market, including the kitchen sink in order to keep prices from falling because 25% of mortgage holders are already underwater. How many people can be underwater before housing implodes? 30%? 50% Another 10% drop in prices will cause 60% of mortgage holders to be underwater. And mortgage rates can't be lowered indefinitely because the 10 yr bond yield can only go to 0%.

[techsavvylender]

Oh, MAN! This is chilling and spot on. So, that brings the question, would it be smart still to invest in real estate, knowing that from a cash-flow standpoint you'd be alright, even if the value of your investment falls. If rates go up (which they eventually will), then the value of property falls. However, the payment a homeowner would have to pay stays relatively constant. I'm leaning towards leveraging all I can at 4% on 30 yr money, expecting inflation to pay off my mortgage. Thoughts?

[thesilverjournal]

@techsavvylender You have to consider your down payment which you will essentially be giving up, as well as the rising cost of utilities, insurance, taxes, maintenance, and repairs. You also must be committed to staying at the home until your home is no longer underwater because housing prices will tank first but on the other hand, eventually inflation will take over and your house will end up rising in nominal terms. A better plan is to buy a house with a low downpayment and then stop paying.

[chromedreamz]

thanks!!

[jesuswinsalways1]

Hi VV, Imprisoned Iranian christian pastor Youcef Nadarkhani is being sentenced to death in Iran for practicing christianity. He has been given the choice of publicly denouncing Christianity and returning to Islam or the death penalty. Please spread the word. Lets save this guy and put international pressure on Iran.

[searching68]

No such thing as a free market? - Free Markets is just double speak for suckers. Why do these so called free market keep crashing. Wake up people. Don't be a sucker your whole life.

WAKE THE HELL UP AMERICA! --- Join the Revolution

-

Read “Common Sense 3.1” at ( revolution2.osixs.org )

-

We don’t have to live like this anymore. "Spread the News"

FIGHT THE CAUSE - NOT THE SYMPTOM

[visionvictory]

@searching68 We don't have a free market in this country, not even close.

Funny that you say fight the cause, not the symptom, because fighting the symptom is exactly what you are doing.

[denderon1]

@visionvictory Yes, indeed. Many bought real-estate with the only intention to flip it. They could never afford the true mortgage-cost, the only thing that made it possible for them to buy was the teaser rate. We haven't seen a free market for quite some time now.

[denderon1]

@visionvictory Yes, indeed. Many bought real-estate with the only intention to flip it. They could never afford the true mortgage-cost, the only thing that made it possible for them to buy was the teaser rate. We haven't seen a free market for quite some time now.

[TruthSmack]

the three stages of hermetic alchemy: Nigredo (blackness), Albedo (whiteness) and Rubedo (redness).

[projectdurden]

was that your underwear with the skid marks at 6:40? Gross!

[noodles818]

@benshivd This is what the video meant by changing the mindset of buyer/lender/ownership. If the market was left alone and had a chance to level out, bankers couldn't charge 25/30/50% interest. No one would use that banker at those interest rates so the banker inorder to keep customers would have to 'naturally' lower his interest rates, the same with housing prices etc. Pepsi would love to sell a soda for 100$ but they have to work within the confines of the freemarket which is 2$.

[benshivd]

@noodles818 If you think it would really be like that your pretty damn nieve. Banks, like the oil industry is not going to follow a usual free market standard. Just in the last 5 years nearly total unregulated. They managed the largest heist in history. Right before our eyes. Did anyone go to jail ? Nope they collected billions in our savings.Then we gave them MORE money in a bailout. Then that wasnt enough a slap in the face. They are all in Obama's cabinet now. We all watched and said nothing.

[midnightrun7]

A realtor friend of mine told me that the banks are letting people stay in thier upside down homes for up to 3-4 years. Is this true? Also, he said that the Banksters are keeping new forclosed homes NOT listed or not put on the market for the next six months. Guess the data we hear on the news is incorrect...lol

If anyone knows if this is true or not please reply.

Good Video D-

[tomrokus]

@midnightrun7 I know for a fact , not heresay or rumor, black and white first hand knowledge, here in Ohio its possible to stay in a home for 5 years without making a payment. I have a neighbor just evicted after not making a payment since 2006. Not uncommon in this area. The banks would rather keep someone in them to keep the heat on and do the maintanence. If they repoed all the bad loans everyone would see the banks are broke. They keep these defaults on their books as assets.

[SoCalScape]

Greater the GOVERNMENT the smaller the people... Garter the PEOPLE smaller the government!!!

[captrich05]

interesting......

[videodude123XYZ]

Inflation, unemployment increases, wall street manipulation, US fiat currency devaluation, silver and gold shortage, impending foreclosure tsunami - a perfect cocktail for those of us in the know to use our silver and gold money to buy a nice home for a song. I've been waiting since 2005 to buy a home because I knew better. This video is 100% on the money. Wait it out, buy gold and silver instead of an overpriced mortgage and when the shit hits the fan - cash in!

[benshivd]

@videodude123XYZ That all sounds great except one you didnt factor. The Government owns most of those foreclosed homes. So your going to end up under their thumb anyways.Unless you can grab something before they are dumped under Fanny or Freddy. I recently had the same idea. But the realtor told me i had to go the government for nearly everything out there.

[Cyrus992]

DO NOT praise Thomas Sowell so much.. many of his theories do not make a lot of sense.

He mentions that places that have and had LAND growth restrictions fueled housing prices to escalate, yet that is false because:

Portlands Urban Growth Boundary barely fueled home prices because the exurbs still had median home prices below $200K

Atlanta does not have any growth bounday, yet it has tons of depreciation and foreclosures.

Exurbs of SoCal had ton of availible land yet prices surged!

[hstone39]

This video is showing us the that the second wave of the housing collapse is happeing right now. It's going to keep dropping too. The housing market effects everybody because the country is run by credit and the real estate is the highest form of credit.

[d3adp001]

how about a place where the price of the home is determined by the materials/put into, not an abstract number of whatever could be haggled for. The fact that the banks have disembodied prices vs actual cost, and allowed the ability to finance everything to push prices up, is an effect of capitalism. IT LEADS TO SOCIALISM, both are wrong just opposite ends of the spectrum.

[opensala]

, Further more, as there is NO TRUE OWNER TO LAND as there is non owner of Earth, of the water and the air, your solutions are as degenerate as the system already imposed on all. Animals are not ours and so on and on. Ideas are also shared matters whether you like it or you are conqueror and kill

millions so truth can not contain a false concept, not any longer. the solution is to redefine matters where everywhere those are HOTELS while we are impermanent or guests.

[rolficus]

grerat vid let the free market run its course

[2010Jakeypoo]

I'm 20 and love listening to this but a lot of the terms dont make any sense to me... Need to do some more researching.

[nottinmatterz2day]

@2010Jakeypoo visit and read futuremoneytrends. com

[maltman4101]

Bravo Daniel, glad to see a NIA'esqe mini doc! You told a viewer to watch his cashflow on rental due to rising interest rates, I would love to hear your opinion on any timeline or chain of events that will occur prior to this?? Just break out your crystal ball!!

[EducateURselfUK]

sorry but you havr all been well worned ..... too late to bother now. But hey, we are all just conspiracy theorists!

[Aaaaarrrrrrggghhh]

Finally someone dare telling the truth.

[Alexiscom1]

Nice work, well documented, very informative.

[ctelable]

If you liked the government & facist corporate controll in housing, then your going to love the wonderfull world of " smart" meters being installed all over america.

Google smart meters and decide for yourself how "GOOD" it is....

[junkyarddog47]

awareness test as you walk or drive through your own community. THINKAmerica, get ready for the orchestrated take down of the housing market. The housing collapse that is currently underway and many sheepish hard working folks are so dumb down that they cannot recognized the reality of what is going on right under their nose. Wait until 2013-2015 for the real deal America. Housing will continue to go into foreclosure. Take a 30 minutes America. Get your head out the sand. THINK!!!!!!!

[inigmah1]

This is an awesome video. Well done, well played, well informed. You're one of the greatest out there. I have land with no house in Arkansas. i don't know how I fare in all of this

[NotForSale2NWO]

Great informative video, I highly recommend it!

[TonyUnplugged]

Housing is only affordable if you have a JOB.

[bigrsoul]

The government has set the housing market up to collapse, they want people to have nothing so they can control them, Obama is going to federalise all the foreclosed houses and rent them back to the very people that used to own them.Its all about control folks, when they can controle what you eat ( gmo)what polution you breath out and where and what you live in then they have got you by the ball, you are a slave to the government, instead of the government working for you......what a mess folks..

[soniclady89]

Similar in the UK too - 0% interest rates, over priced housing market - and our houses are tiny compared to the ones in the US!

I read somewhere a while ago - in the 1950s (UK) a house would have cost £8,000

and going with normal inflation rates would have cost £88,000 by 2010.... not the current price of £350,000 - for a 3 bed terraced house in outer London.

It truly is a con.

[KnightoftheRepublic9]

Great video! The government needs to get out of a lot of things including banking and the job market.

Ron Paul 2012!!

[TechHost]

are you still working with inflation.us?

[VictoryIndependence]

@TechHost no

[n3rdm4n]

Great as always! Just a nitpick though, the dirty underwear was unnecessarily graphic, even if it matches my feelings about the subject perfectly.

[benshivd]

So you would have us pay what 25 , 30, 50% interest ? What is acceptable for you?

[visionvictory]

@benshivd A market driven interest rate

[benshivd]

@visionvictory To what extent ? There has to be limits. I am all for profits but not from fleecing people that want to borrow. As evident from the inflated values we have had.I dont know anyone that can just go out and pay cash for anything let alone buy a house.

[emmy1cat]

@benshivd Interest rates must rise to sop up the excess liquidity of inflation. How much inflation is acceptable to you? When people are starving? Change you can believe in and you better believe it. This much money printing hasn't saved one houe or bank(whom it was supposed to save). How long can it continue?

[benshivd]

@emmy1cat I have no problem with a reasonable rate of interest. Banks are businesses i get that. How much of your savings has to be stolen in the process before we stand up and put a stop to this blatant theft ? Or for that matter how many times do we allow them to continue this inflate the market , then sell off repeatedly. every time they do this we loose more money. I am sick of it.

[ForTehNguyen]

@benshivd

I would love a 30% interest rate, my money in the bank wouldnt lose value, and people would actually start saving again

[benshivd]

@ForTehNguyen I am talking about borrowing rates. No bank in hell is gonna give you more than 10% AT MOST ever on any savings.

[ForTehNguyen]

@benshivd

why wouldnt they give more then 10% when they can loan it out for 25%+, that is profit. Interest rate has to be huge to reflect the lack of savings this country has.

[BigKidCountry]

@benshivd What ever a person with the money to lend (not a fractinal reserve lender) and the person taking loan agree on. Exp. I have $100 I give you $100 not make $90 from my $10 but have the money to give you and I want 10% if you want it take it if not dont. Than I will have to bring down my intrest or find someone that finds value in my 10% offer

[Reindeer911]

Not sure what you mean by restrained. A good or service is only worth what a person is willing to pay for it. If someone is willing to pay an outrageous price for a home like we saw during the real-estate bubble, then that is what the home is worth... at least to that specific buyer. If there is a shortage of homes to the number of buyers, or they perceive it as a good investment, then it follows that the prices of what is available will increase.

[visionvictory]

@Reindeer911 but they could not afford the homes, they were getting help paying for it from the government through other taxpayers that weren't involved in making the decision for this one person to buy his or her home!

[mobiltec]

@visionvictory Greed is how it was driven. Like a pyramid scheme. Everyone thought they were gonna make a quick $100k on their homes. And those who were not trying to make a fast buck were refinancing in order to buy big expensive toys which were also inflated due to the high demand. Big RVs and boats and trucks were the order of the day. And when everything went south, they walked away from the over priced homes and moved into the over priced RVs. Some kept the boats. Others kept the trucks.

[clev9980]

@Reindeer911 The true worth is not what the consumer is willing to pay for it....the value stems from what the BANKS WILL LEND consumers to buy it...or should I say LEASE It from the bank.

[denderon1]

@Reindeer911 The problem was that just like tulips back in the 18th century, people believed that the market could never go down. It was a speculative mania and eventually people realised ran out of buyers to flip the real-estate to. A house does not generate income, contrary it actually needs to be maintained and that cost money.

[mathue7433]

this world is called ,,,its a wonderfull life ,,,remember those days ,,i do

[a10fjet]

One thing i can say is, look into renewable building techniques. Earthships defy the typical cookiecutter house and are incredibly cheap and energy efficient. Winners in this economic situation are gonna have to think outside the box.

[visionvictory]

@a10fjet Earthships are just a lot more complicated than today's houses

[a10fjet]

im so so so glad that my parents have paid off their house, and we dont have to worry about getting it taken out from under their feet.

[DiscoProJoe]

Around the year 2020, I plan to make a trip to the U.S. (from China, where I'm building my life), and buy up sections of land and/or real estate near the very center of American cities. It'll be ***super-duper cheap*** at the conclusion of U.S.-dollar hyperinflation. Most Americans will have a nickname for me: Carpetbagger Joe from China!!! 哈哈哈哈哈哈哈哈哈哈！

[tomrokus]

Daniel, Thank you. I wonder what would make you to decide to invest in a property today. I just purchased one at auction, cash deal. Been holding off for a year and a half but they are just looking to cheap. 3 br, 3.6 acres, not a repo, rentable tommorrow, very nice area, rent 800 to 950 a month. Cost 42000. Love to hear your thoughts. Thanks Tom

[visionvictory]

@tomrokus Make sure you have cashflow and that you are in an area that will do well during a depression. Once interest rates rise and unemployment gets worse, housing will collapse in half.

[mobiltec]

@visionvictory I just moved to the ritziest part of California. Homes are being built here and all the construction workers are Americans! Weirdest dang thing I've seen in a long time. After 3 years of little to no work I am working full time again. Of course I'm not going to pinpoint my location. I'm not stupid...

[bigbenff1]

@visionvictory Daniel, if you could sell right now and break even would it be a good idea to just rent until we see how this whole thing plays out. I don't know if I should try to get out of this mortgage while I still hold some value or just walk away in the future if the values really nose dive. By the way great video as usual!!

[tomrokus]

@visionvictory Dan, thanks for the reply. Rent 800 - 110 taxes - 25 month insurance - 100 misc = 565 a month cash flow verses 52 a month interest on 42000. Plus the 42000 has less buying power each month. I just couldnt justify sitting on the cash any longer. Ive got as much as Im comfortable with in silver and gold, dont want all my eggs in one basket. This is my 3rd rental all good positive cash flow so Im confident with my plan but this crazy environment were in just causes me to worry.

[DiscoProJoe]

American suburbia is mostly a product of the U.S. dollar's status as the world's reserve currency. After the dollar falls from grace, expect to witness a mass exodus from suburbia, and back toward the inner cities where many of our great grandparents once lived. Expect to see 80 percent of Americans give up their cars, and begin using bicycles and public transportation. Expect to see many Americans residing in small apartments with extended family members or many other roommates. It's all coming

[pondman27]

Raising interest rates is entirely the opposite direction. the answer is simple - STOP PAYING BANKS AND GOVERNMENT, keep the money in circulation and defend your homes, don't walk away.

The scam must end and it will not end until the people take back all that has been stolen from them

[pondman27]

The entire system was designed to do this. Usury is the problem and when put into the hands of criminals the final destination is what you see, Depressions and recessions with the marketeers and banksters snatching the sweat equity of the people.

There is another way, mathematically perfected economy.

[lucifuehrer]

i'm glad i didn't rent a house from the bank.

[davincij15]

Do you know why foreclosure notices are so high in the last 30 days?

Back in 2008 there where a lot of charts of showing off the number of sub prime mortgages and option ARMs resets in the next 5 years. Option ARMs are loan products where the buyer can pay less than interest owed and have it added to the home mortgage when it resets in 5 years.

Well the option ARMageddon his here because no one can pay when the payments have doubled.

[alphabeets]

Property tax is criminal. If you own it, you own it and should be able to pass it on to your heirs forever.

[georgiaputZ]

End property taxes too. It is open ended extortion. No government entity at any level should be allowed to treat you like a tenant on your on property. From what I have seen only a portion is used for schools.

[papatoony]

FANTASTIC VIDEO!!!

[dbmdsv]

Thanks for the hard work Daniel, I am sure these stats are changing every month...So true about the low interest rates, if they were to go up like they should the banks would be insolvent (more insolvent)...Thanks again...

[InTheSticks0001]

Frightening with no end insight. An irrefutable case for free market princples for those not concerned about manipulation. As a result of the manipulation and artificial support of home prices, the crash will be harder and more devistating, and likely the gov't will have to assume ownship or take command to stop the utter destruction once it implodes. If the numbers don't scare the crap out of you, the result should. Thanks for what your do.

[AnnoyedDragon]

I'm from the UK, and our government refuses to let bad mortgages fail as well.

In fact they are using mortgage owners as a justification to keep interest rates low. They keep saying they cannot put interest rates up, because mortgages on the knife edge will go down.

What are they going to do? Keep interest rates down until they pay off the mortgage? That's not possible. Plus, never mind the idiots using these low interest rates to buy even bigger houses!

watch?v=8dps9ME-wl4

[jchahine]

I could've done without the underwear tire tracks. I was eating my breakfast at the time :)

[teamhunley]

GREAT vid thanks

[jchahine]

My Bank of America Mortgage just got sold to a oompany called Seterus. I wonder if they are dumping Mortgages

[bn12595]

Awesome. Great job!

[rallycsx]

Daniel, We can see the current economic problems being seized upon by anti capitalists (Michael Moore) to usher in more government controls and possibly a heavy marxist modeled government. Ultimately this would give more power to the central banks and economic planners that caused the problems in the first place. Can you guys make a video that speaks to these anti capitalists in terms that they understand. Many are just horribly uninformed.

[krl8814]

The goverment is not going to get out they are going to clamp down more there is to many stubid people here now what

[bezant1971]

Spañistan 3.0

[ThirdProverb]

well polished and informative. avg foreclosure here in Pennsylvania now takes 2 - 2.5 years.

[louis12346]

obama freddy fannie gonna rent you a house like cash for clunker, well all the new the Chinese need some where to live

[MrGAB4444]

The current Mao loving administration does not believe in private property, throw in Agenda 21 (which very few people even know about), which is in full throttle ahead, and there you have it. Private property is facing catastrophic days ahead.

[AR15Truther2]

Very polished vid bro, but can you keep from becoming part of the system, where fear is sold with no real solutions, Your not going to tell Wallstreet what to do they kill all who oppose them, at the end of the day most will sell their soul for profit and we all will lose, game over 

[visionvictory]

@AR15Truther2 The real solution is to allow the free market to function, get the government out of it. Before we get there though, people need to understand what is wrong with the current market, why it is so screwed up, and how they are being scammed.

[sk8forlifebitch]

@visionvictory Very Very Informative

[benshivd]

@visionvictory I dont subscribe to the "Allow the market to function" Because deregulation was great. With all the Hedge funds,Derivatives ,Swaps,Short selling and Ponzi schemes that banks and wall street been doing to steal from us.We have traders openly short selling nearly every other month and call it "market adjustment" While no one does a damn thing.We are a nation of laws and as such we should have laws and ENFORCE THEM and stop this from re-occuring.

[WhittyPics50]

Good Job Daniel. ANYBODY that thinks that paying a $1 in interest to get 30 cents back from the government, I will make that deal with them all day long!

[visionvictory]

@WhittyPics50 lol :) Millions do, the love it.

[ChancetheCanine]

Another great video Dan keep doing what you do!! Thanks

[WhittyPics50]

But their CEOs are still getting their fat bonuses!

[zdenkodubravka]

price of 3room flat here in Bratislava, Slovakia -EUROPE

2000 - 80 000EUR

2008 - 130 000 EUR

2011 - 120 000EUR

I still wait for correction

[PatriotsUnite2010]

@visionvictory

Excellent Analysis of Housing Economy ~

(...edit the skid-mark bro - where those y.. never mind)

[MayanResearcher]

Possibly your personal best, way to go V.V. The flippers, are still @ the court house ego-bidding each other out to make flipping not profitable. They are not even buying low, still re-habbing, but no buyers. Even with a fico of 720, aged funds, and a job, lenders are not lending...here in So. Ca. Thank you for the upload and stats.

[RCvolunteer1978]

greed

[SeeTheFacts]

AWESOME!!! Thank you.

[thesilverjournal]

We're getting very close to the edge. Currently 25% of mortgage holders are underwater and the next 35% have less than 10% equity, so just a fall of another 10% in prices would mean 60%!!!! of mortgage holders underwater which is too much and will overwhelm the system. Get your silver while it's cheap.

[fortherichbytherich]

out of our wallets GOOD LUCK WITH THAT

[pfcwar5150]

Excellent report, well done. a real eye opener.

[666sigma]

Thomas Sowell was Reagan's favorite economist. Like Milton, he is able to explain things in simple terms that most people can understand.

This video does the exact same thing. Anyone that really wants to understand how the government screwed up the housing market and created false prosperity that was doomed to fail, need look no further.

The sad part is the Keynesians that made this mistake under Bush are making a bigger mistake under Obama. Overconsuming is not the answer.

[visionvictory]

@666sigma Thanks for the comments

[kydish]

Great Video & message.

[visionvictory]

@kydish thanks for watching

[CoinsFreedom]

How about homeowner taxes that keep going up? That deduction is a joke. There is NO Ownership when you could rent an apartment with the taxed amount.

[visionvictory]

@CoinsFreedom Yep, I know people who have told me they don't want to pay off their home because they will lose their tax deduction.

[halfasheep]

Great vid Daniel, ton's of work to put it together. Bravo

[visionvictory]

@halfasheep thx

[DRationalOne]

Great video. In light of the almost certain fall in housing prices, have you personally divested your own real estate holdings?  Obviously such a fall is necessary to enable more people to buy real estate but on the other side are those who own their homes outright (or are at least able to make their payments) who would be wise to get out now to avoid losing their equity. Thanks.

[videolover61]

Green shoots in a diaper!! ugh that was brown! Dan youre funny, was that from your kid?! lol

[Danster82]

Neither capitalism nor communism works. Communism the state has a monopoly, capitalism the corporations have a monopoloy.

The best system is no system, let the people decide what they will use as money, abolish the idea of legal tender.

[pretorious700]

@Danster82 Capitalism works fine, people have just been indoctrinated against it by collectivist/socialist demagoguery.

[Danster82]

@pretorious700 capitalism recognises no higher power, might is right in capitalism, so it will ultimatley end in monopoly, the early years of capitilism will be a honeymoon period before there has been sufficent time to monopolise.

People think that when government gives certain corporations privilage that that is anti capitialism, but I argue that is the result of capitialism, because you too can lobby yet you dont have the might and therefore the right to win the privilage.

[pretorious700]

@Danster82 Your public school education has served you well. It will take you decades to unlearn such nonsense. Good luck on the journey.

[Danster82]

@pretorious700 The public school system has you exactly where it wants you, namley an advocate of capitialism or an advocate of communism, this is all the school systems teach, you are exactly where you have been conditioned to be.

The gordian knot cannot be undone this way you simply must cut it in half.

[666sigma]

@Danster82

No system is capitalism. Legal tender is government intrusion. You are a capitalist.

Capitalism is nothing more than the colection of wealth. Wealth is nothing more than the ability to create value, which means improving people's lives. Government literally steals this from the true wealth producers, usually under the guise of better/fair social outcomes. Communism has proven this to be false because of corruption and demotivation of the human spirit.

[4lifein]

Excellent video. This is a straight to the point video and unfortunately there are many people out there that are still in disbelief.

[VerifiedNews]

How about a world where the US charges the same tarifs on imports as other countries charge on our exports. Any international seller knows that every country in the word has import duties in place against the US called "VAT" taxes, and "Luxury Taxes" etc. This means that not only do we get undercut by slave labor, but on top of that our exports to those slave countries are blocked by trade barriers. Without tarifs to tax nations who do not respect human rights, we're doomed to follow suit.

[VerifiedNews]

@VerifiedNews So, GM moves somewhere they can operate sweatshops and export into a defenseless US. The one thing that will bring domestic industry back is tarifs. Forget a "free" market. That's brainwashing for the enslavement of the people. A free market encourages monopolies, corruption, and enslavement. What you need is a FAIR market. A WELL REGULATED market. And you need tarifs unless you want to be reduced to the state of employees before workers rights were recognized. That's reality.

[VerifiedNews]

lol. You give your CREDIT (not debit) to the bank, and they DEBIT your credit back to you. 1-1=0 balance. What they give you (Fed Res Notes) are liabilities (public debt) of the US, your fudiciary agent. Then they charge you private debt too.

Add it up if you can wrap your mind around it. Most can't even though it's moronically simple. That's their big secret. Keep it simple with no assumptions.

Credit plus debit plus debit plus debit. Your signature is the money. That's what they set up!

[lilbromarky1]

LOL Diaper!!!

[stuntpea]

I finally got a job after being laid off 2 years ago. It's for the same wage I was on 5 years ago. I scraped a living selling on a couple of websites I made and doing freelance work so hopefully the websites will bring in a passive income and build up some more money till I'm laid off again.

I now know 3 factory owners who closed up shop because they can't compete with China. The man I spoke to yesterday employed 45people. 

[2010Jakeypoo]

First :D!