the poor or middle class for a long period of time?........................................Never. Like I've always done and will continue to do. If yo don't have the cash or 80% of the money down for whatever your buying. DON'T BUY IT.
I'm elated this is happening in our country becuase hopefully, this will teach people to QUIT BUYING SHIT on speculation, hope, burning desires, little hairs on the back of your neck standing up. I told people out here in Las Vegas in 2005 that if you buy these homes, you will lose your ass. They laughed at me. I don't believe they are laughing anymore. You know how I knew? This is how I think. When was the last time you ever saw the wealthy sharing the pie, I mean their pie, with..............
GOLDMAN SACHS MADE A TON SHORTING THESE MORTGAGES. NOW IT IS DOING THE SAME GAMBLING WITH DRIVING UP GAS PRICES. GET RID OF GS, SHUT IT THE HELL DOWN.
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago.
@chairde So you really think that all is well? It may not have collapsed in 2010 but there is no denying that the whole housing market is a house of cards that's still wobbling. The US economy as a whole is fragile. How long have we been in this "bad economy". It's been common talk for so long that people have forgot what it sounds like to say, man what a good economy.
@ghostface2814 Nonsense pure uneducated emotional nonsense. I have been through many recessions and each time the economy comes out leaner and stronger. Recessions are just part of the system and they cleanse the fat and corruption from the economy. The dollar is strong, the stock market is strong. The real estate market is improving so your "sky is falling" mentality is simply wrong.
@chairde uneducated, no. I'm very much educated and the only nonsense is thinking that everything is just fine. It's just that kind of obviousness that got people into trouble and terrible loans. I know the natural economy has up and down turns, but the variables in today's economy are unprecedented. I never said the sky is falling so don't put words in my mouth or pretend to know what my mentally is. Truth be told, my business is a beneficiary of this downturn.
@ghostface2814 I would suggest that you go to a currency converter to see how the dollar compares to Russian, Japanese or even Chinese money. I would also suggest that you read George Friedman's book titled, "The Next 100 Years". There you will learn the real facts about the American economy. Recessions are part of the economic cycle and the longer the time between recessions the larger the recession will be. Recession in fact was overdue.
Well, this guy didn't mention 2010, he said the following years, so 2010 was the date set by the person who uploaded this video, so the mega burst might happen in the following years. Anyway, "futurology" has never been an easy science.
Abolish the private jewish federal reserve.Since 1913 they have destroy the country.They have create wars,depressions and brought poverty to America,their final goal in total destruction.
Read this book for free on internet to understand all the problem America is facing.
Perhaps. But they've had plenty of help from you and me. Shop more, buy more, want more! It's those democrats. No, it's those republicans. Pick a side and someone to blame at all costs. Never me: never my fault!
HOUSE PRICES AT ALL TIME HIGHS IN MOST AMERICAN CITIES,HOME SALES HIGHEST IN 10 YEARS,MORE MILLION DOLLAR HOMES SOLD LAST YEAR.ITS GOOD ,AMERICA IS BOOMING .
The reason why there were no crash in 2010 is because if anyone was paying attention, the big wave will not come until mid 2011. So to the fool who uploaded this video, watch it before you title it you fool.
@ThePandems Depends on where you are to say if there was a crash in 2010. I'm in Silicon Valley, and I can clearly see the depression in home values. Very expensive here.
There was a foreclosure moratorium through most of 2010. I can see the acceleration now, by checking Hotpads, and searching only on foreclosures.
This is also not new news either. I subscribe to Harry Schultz's newsletter, and he predicted all this back in 2004. We're in for some tough times.
@Frankydoesitalso More like 6 business days to go and the DOW has not went below 11560. So give up. Telling me 8 days to go is like telling losing basket ball team they got 8 seconds to beat their rival while they are behind by 8 points. Game over
@ThePandems I'll be back after Jan 1st to call you a total loser for believing a crash is still possible in 2010. If I'm wrong, then call me a loser. Deal because the Housing market has not crashed yet and we have 6 business days to go before this Crash, that will not happen, will occur. Deal?
@ThePandems the number of completed foreclosures rose to nearly 245,000 in the 3rd quarter of 2010, an 11.2 percent increase from the previous three months. It may not be a "Crash" but the downfall is happening.
Conspiracy Theorist with no knowledge says "Noooooooo, it will happen and happen sooooon I tell ya. You'll see in 2011, it will be CATASTROPHIC. I have no proof but other Youtube videos have said so. Do your research brother."
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Amazing and important information: Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
Times are changing, the economy is on its way to a collapse like the world hasn't seen much more harsh than the Great Depression, scary times, especially for college graduates, and people who have children, as they will never truly be able to take care of the costs they have acquired.
This issue is non-sequetor. Any loan that has been changed is not payable to anyone, nor is it receivable by anyone. It is an illegal loan and cannot be repaid.
This video is inaccurate in many ways. Most mortgages they're referring to is ARM mortgages that's based on one-year treasury or prime rate. Current rates are below 1%, which means when ARMs reset, interest rates will actually go down not up. It's exact opposite of what happened in 2007 through 2008. Treasury and prime rates were above 4% and payments increased when ARMs were reset. I had 2 mortgages reset to lower rates. Also, most homes purchased before 07 has equity and can be refinanced.
This is the tip of the iceberg. Short sales where owners destroy properties and expect the banks to take the losses. Many own other homes or buy a home as they are in the process of selling a home as a short sale. When you do a short sale the owner is supposed to not have the money to pay your mortgage, so how can the same person go out and buy a new home? Homes are being rented, owners take rental income but do not pay mortgage. Who is watching what fraud is going on with short sales?
This is the tip of the iceberg. Short sales where owners destroy properties and expect the banks to take the losses. Many own other homes or buy a home as they are in the process of selling a home as a short sale. When you do a short sale the owner is supposed to not have the money to pay your mortgage, so how can the same person go out and buy a new home? Homes are being rented, owners take rental income but do not pay mortgage. Who is watching what fraud is going on with short sales?
This is a game of who knows what, and sometimes who knows who. This stuff is not a conspiracy of design, but of omission and debauchery. The poor pay the bills and the ones who steal it divided the spoils. I don't fault it completely because my prototype is blank on that. The good thief did not repent to get into paradise with Jesus. All he did was say, "Remember me when You come into Your kingdom." And he made it in. Must be something like states evidence or espionage agreements like Rahab.
@GameOver1260 This collapse was planned by the same people that brought you the run on banks in 1907 and the crash of 1987 and the crash of 1929. Its the same people using the same old tricks.
Hardly unlikely to be able to comprehend something so huge... the concept is right. Since the Fed manipulates this, banks have all the money and properties, they are going to control how & why this will happen. 2012 - 2014/15 will be the "bottom" which will not just "tank". It will take at least a decade, likely 20 years before the economy is officially 100% recovered, by then another crash will likely be pending in the future at the next inflated bubble.
Financial overthrow you might say but that has been happening since 1971 since we were taken off the gold and silver standard. Since then that dollar in your pocket became debt. Which sucks for people who want to save cash and pay off debt because by saving money they are saving notes/debt/IOU's from the government, it doesn't have any real worth.
I can't cut a piece of paper and make a number and say "My Personal Reserve Note", Banks would reject it, or even have me arrested.
@InteractivRealEstate I thought it started in 1913 with the creation of the private federal reserve ?
The manufacturing output and exports used to cover the FEDs theft but since they offshored most of industry theres nothing there but a green piece of paper.
Aw, please keep paying your motrgage that you havve no legal or moral obligation to pay. No biggie. Your mortgage got sold, sold, sold, chopped up, sold and bet against. Ha ha. Dont fret theres nothing the matter.
How did professionals who came up with the numbers upon reviewing the banks records (forensic audits?) to bailout banks ( mind you Americans tax dollars are paying for their decision ) so that our government could make a decision that would be best for THE PEOPLE. The banks got their money, homeowners who needed HELP lose their HOME to bank that would not help their customer like agreed upon (HAMP & HAFFA). The Bank has no NOTE that it can produce! How did our government miss that? Americans PAY
The great depression isn't someting made up in Hollywood. It happened and people suffered. Experts like Schiff now say the no matter what we do another great depression is starting. Prepare basic need items buy seeds and book on how to use them. Know how to collect and filter water. And band together with neighbors. If you have the means to get off shore to a safe tropical country do that. If u need info I'll help
You know a long time ago they gave this land to people to start it's growth. Ever think this is a tactic to regain them back. More will follow this.
Think Germany & Russia
The bankers done that to them both and more to come. Leaving a war to fix this problem and kill off a major number of people they don't want around anymore.
that is why foreclosures were frozen, not sure what will happen once the moratorium is lifted. Something has to give. I blame the american people for overspending and buying houses they knew they could never afford. I also blame the american banks who took full advantage of cheap money and went beyond breaking laws and tricking people into contracts no one could read or understand. It is just pure greed on parts of everyone.
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Americans really need to stand up and start raising hell to Congress! Things have gone far beyond ridiculous, when you Government stops working for the people, and actually begins working against it`s people, well then it is time for the people to revolt!! Just the fact that we let our Governments be controlled by banks is crazy. we are entitled to print money that does not come with debt attached to it, the federal reserve is just a private entity, below congress!
guy was spot on,..ya think this is bad???..wait till the commercial real estate collapse happens!..who the hell wants a 200 k Sq Ft factory,at least ya can get rid of a house!..it aint over yet folks,the worst is yet to come!
I wish people couldv'e paid attention to the "sub prime" mortgages being "too good to be true" People never read the fine print, and always take more than they need. People have to take some responsibility for what they allowed to "bewitch" them into these deals. No one is ever going to give you ANYTHING for free. This has been a hard price to pay for our greed
@atlasshrugged2u Yes but the Government allows these corporations to screw over the people, knowingly.. A government is supposed to work for the people, instead Congress just tried to pass a lbill that will make it even harder to challenge foreclosures, does that make sense for the US government to make it harder for the people to fight for their homes?
pursuit of capitalism or mercantalism. call it what you want we need limited, very limited government. we need more freedoms, more personal freedoms, less taxes, no taxes, stop spending, in theory that period of america when gold was set at 21.00 dollars per oz for 100 years profuced our greatest prosperity. government only has to defend nation and keep things fair. nothing else.
All this talk about the economy makes me nervous. I believe that storing food is going to be just as important during these hard economic times so you should all check out thefood.mysundanceglobal. com/
The thing I could not get is the new rate. If rate for ALT-A mortgages is about to be adjusted then it is important to understand what is going to be a new rate ? Is it going to be derived somehow from Feds Rate what is on record low level ? If so, why owners should worry ?
Listen to Chris Rea "the road to hell" "the roads jam up with credit and there's nothing you can do, it's all just bits of paper flyin away from you. Look out world take a good look what goes down here, you must learn this lesson fast and learn it well, this ain't no technological breakdown, oh no, this is the road to hell
Watch Peter Schiff mortgage banker vid. Done in 06 in front of 3000 mortgage people Schiff told them what was about to happen. He was spot on. Along with Michael Pento, Tilson, Kyle Bass and a few other insiders who warned what was going to happen but were ignored. Listen to what they have to say today....and try to be prepared.
the banks and wall street arent to blame,thats what they do-with the govts.blessing the real greedy culprits are the ones wailing and playing the victim.thats right,its the greedy ones who wanted the bibber house,nicer car,the expensive clothes and jewelry-all of which they neither needed or could afford.just wanted material items to feed their own insatiable egos.now that the bills are due.theyre blaming everyone else,but themselves.the true victims are the ones who were responsible and modest.
Funny, no one ever mentions that the housing market started falling mostly because of the monster home building companies, who flooded the market and built 100,000's of new homes to conflict drastically with preowned homes. ***BLAME THE NEW CONSTRUCTION BUILDERS.***
You Americans out there keep trusting in LUCIFER and his B/S, and use your blessing to pay to kill people who have never done you any harm. The amount od Americans Tax payers paid to kill Black & Arabs & Chinese, and Pakistanies & Palestinians & Africans, don't you wish your country never wasted so much on killing innocent people, reap what you sow in dignity. Find Honesty in your life, and killing people reapes you no rewards, the WAGES of SIN is DEATH, Lucifer knew that, did you???.
@maria610421 you are an idiot.Us Americans as you call us never wanted to go to war! We would never vote for it and never agreed with it! In fact we want out of it and hate the government, we are all being used by the elitei.The Bilderberg group. Americans HATE war and killing.We hate that our children are tricked into the army due to poverty..Our soldiers do as they are told, they are mostly just kids. They don't know any better, they just joined to go to college and end up dead instead
It doesnt matter who we vote for... they will appoint whom they want and make us think that we selected them. Didnt you see that when Bush Won the first time, then the 2nd time it was Super obvious.
@maria610421: America was once the richest country, and wars have brought the people into poverty. People are losing every thing they ever had over these kilings, the more money spent on wars is less for the people. The word is no STOP the violence & the killings. Obama is a PUPPET, the elite don't fight in wars they would'nt risk their lives they risk everybody elses.
A people's metal is never truly tested during times of plenty, but is only tested during times of hardship and adversity. Our ancestors faced even harder situations then the one we are confronted with here, so if he hold on we will reach the calm after this financial storm.
IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were all over the last Tax Day rally in DC. They are made in America and look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were all over the last Tax Day rally in DC. They are made in America and look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
I am one such person who lost their home in 2010.... but in my case it wasn't a ARM or strange mortgage.... I have a nice 5.5% Fixed rate... I just don't have a JOB!!!! Everything is going to China, and most people who do have jobs work 50hrs a week, 51 weeks a month! How about we take the EU work year model and end unemployment tomorrow??? And live longer due to less stress!! How about that? or no, that's too socialist I guess.. /sigh
One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
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So just FYI people - The vast majority of Option arms were made during the summer months of 2005. These were mostly 5/1 ARMS. I fully expect to watch our mortgage market take another ride about Mid to end July. So saddle up people. We are in for part B.
It's the first day of August and housing is down in select parts of California, Florida, and Las Vegas... shocking. New home sales just put the DOW up for the week... and prices are up in other select parts of the country.
@bpa619 So i guess you don't pay attention to the other parts of the news that are a direct reflection of our current economy. Even Alan Greenspan stated on Meet the Press this morning that "The government can not control the long term interest rates. And Long term interest rates is what will increase our economy".
Even he understands that unemployment means more foreclosures. More foreclosures means less taxes paid in, which means an increase in taxes, which means more layoffs. Get it yet?
Alan Greespan also admitted that they have no fucking idea what they are talking about, and by "they" he meant economists... and everyone else.
We had worse unemployment with higher taxes on the lower classes just 28 years ago... so they just lowered the interest rates, even though they said they couldn't... then unemployment dropped and the president everyone hated was reelected in a landslide... :/.
Do you know why we have such high unemployment? I'd love to hear this...
@bpa619 Well it may have something to do with layoffs because people are scared to spend money. It's a simple leveraged mechanism.
Work places hire people when their products are in demand. This means that other people are buying the goods and services that employers are providing. When these employers are selling well, they keep more people.
When consumer confidence falls, layoffs ensue. When you get laid off you can't afford to buy services and products or pay mortgages.
Do you know what people did with that $600 "tax rebate" from 2008? They bought a PlayStation. You think they saved it all or payed down their "debt" or something? You think "consumer confidence" has to do with the unemployment rate? Look at the fucking Dow.
Jesus Christ... read what CE750 said. The US doesn't manufacture anything anymore. It has become a fucking... money manager for even its own products and companies. It outsources everything and has everything made somewhere else.
It's not "and Complex." The sudden and dramatic change of not making anything and being called on our debts is the reason for this. Everything else involved, such as this video, are the "and Complex" part.
And "layoffs"?! Wtf, that's what unemployment is... not why it exists. Plants closed all the time in the 90's... and that decade ended in the largest economic expansion in 35 years with over 3 trillion dollars less debt and a 440 billion dollar tax surplus. Pisses me off too...
@bpa619 I've pretty much figured out that no matter what I or anyone else says, you ultimately believe you are right. No matter really, because that what's nice about America...we are all allowed to have our own opinions.
But I will say that Layoffs are not a synonym for unemployment. Being fired with cause does not qualify you for unemployment. Quitting does not qualify you for unemployment. Being laid off does. However, all result in the same effect....unemployed.
You don't present any counter arguments, or even arguments in the first place. You didn't address anything I said in regards to 1982, 1998, the sharpest decline in manufacturing jobs in US history, the fact that "consumer confidence" is solely "and complex" and making it "simple" is a ridiculous generalization with countless criticisms and counter arguments... or the DOW. There's also things I didn't bring up, like rising consumer spending.
@bpa619 Never looked for an argument in the first place, but evidently you were. Addressing your 10.2% in 1982: Google current unemployment rate. It's at 9.7%. The difference is we also have 70 million more people in America than we did in 1982. Your comment on the dow is interesting. The Dow is fueled by Investor Speculation, not consumer confidence. Consumer spending: Americans have always overspent. Its an indicator of nothing. And yes, opinions are what we have here. Nothing more.
Well you did presume I "didn't pay attention to the other parts..." and stuff.
Some sources have the rate at 10.8... I average them at 10.2. There were 41 million less people 30 years prior to 1983.
The Dow, theoretically, is "Investor Speculation" of how well companies are essentially doing, or rather, controlling costs... or you know, "selling products." And like... regular people invest in the market too man.
It's not an opinion... it's a trend. Could even be a correlation.
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@myfletcher You are so right the worst is still to come, on the news you hear we are recovering this statement is only giving false hope, if the people knew what was really going on and if the truth were told, it would scare the people, so they keep giving false hope to the people.
@gangupnow 2010 where I am is Foreclosure City. Nobody has a job. Get WHAT job? People are stringing together part-time. Maybe you live in some very super affluent area?
@westchesterny this is over, jobs are building up again.
these doom news are aimed to get attention.
i remember everyone on the web saying that next hit/crash will be in the May or in July of 2010...here we are with recovery (slow but its there)
just like always they are moving the doom clock up again with their foot in the mouth I am waiting for someone to say that market is going to crash on 2012 so I can laugh at them.
@gangupnow the time will come ... just because it is put off because of unsustainable stimulus doesn't mean things have improved. Read up on demographic trends and exponential growth ... we are done for my friend.
@polarbeach dont give me the bible answer...end is near
of course down the road something will happen again with economy and then these people will try to take credit, its a way of getting attention. why not give a date huh
@gangupnow not sure what you mean ? I am not talking bible at all and couldn't if I wanted to. I am talking about a total change in society which will be unlike anything I have seen in my 34 years on this planet. I am talking about a massive breakdown and of course I have no idea when, but I believe it will begin by the end of this year and accelerate into next. I am prepared and would rather be and not need to be than have to depend upon others. personally I hope you're right.
@gangupnow Things are getting worse here in Michigan. 7 foreclosures in my block. We are going to try and short sale our house. We owe 90k, realtor says it will sell for 40 something.
Investors are buying up the house in our neighborhood and renting them out to section 8 people. This neighborhood is ruined and I blame the banks.
This seems like a crash to me. The bigger crash is going to be in 2012.
@gangupnow Well, time will tell but I don't think investors buying up houses for 20 cents on the dollars as a rebound. Numbers don't lie and there is gong to be a flood of foreclosures coming for the next 2 years. We are riding the foreclosure wave pretty high here in Detroit right now. I gotta get outta here soon.
The chart they showed would be scary but I am assuming 60 to 80% of the "second wave" was refinanced during the gov tarp/pay back/$8000 first time buyer/refi money. I don't have all of the data but I think the worst (housing bubble/ commercial real estate) is behind us, although working through all homes with China slowing down and the EU not helping it still may take 3 years to 5 years to turn the ship around. The sky has already fallen don't panic now chicken little.
@MrYatesj1 Summer is typically the highest buying season, with the yearly peak usually occuring in June. Sales of homes drop quickly in the early fall, with a very brief spike around October (from sellers dropping the prices). Winter is very slow. More and more homes will default as interest rates on loans continue to rise with fewer opportunities to refinance. In a nutshell, it'll only get worse this year.
we need to limit our job market to the limits of our job market to our national borders, and keep jobs here... this is the banks and the corporation's fault, on par with our own govt. we'll all see the shit hit the fan come mid 2011 to late, or early 2012..
I've been saying this for years. The only way we're gonna see change is by hitting them where it going to hurt them most. In their wallets. If people think that Wall Street hasn't bought our government off they are badly mistaken.
The SEC thought the banks were going to regulate themselves. Geez, I want to live in fantasy land as well. SCOTUS removing limits of corporate donations to politicians. Highest bidder wins.
Funny 2010 Main Stream News Media Say hard times are behind us. This sinks ABC, CBS, NBC, CNN, FOX, MSNBC and CNBC are these folks all just bunch liars....?
These guys aren't terrorists. According to the Obama administration they are just a bunch of dudes angry that they didn't open a falafel stand in Gaza.
wow genius....i guess he never heard of refinancing....dummy
zgreg427 2 months ago
The housing collapse was not worse in 2010 than 2008. "In 2010, $100 wont even buy you a case of beer." FAIL!
goldenthroat86 5 months ago
the poor or middle class for a long period of time?........................................Never. Like I've always done and will continue to do. If yo don't have the cash or 80% of the money down for whatever your buying. DON'T BUY IT.
WilliamHCarney 6 months ago
@WilliamHCarney Your a smart man William.. cash is king and credit is for suckers. I like the 80% thing. Sometimes it makes sense to use leverage
highon74 5 months ago
I'm elated this is happening in our country becuase hopefully, this will teach people to QUIT BUYING SHIT on speculation, hope, burning desires, little hairs on the back of your neck standing up. I told people out here in Las Vegas in 2005 that if you buy these homes, you will lose your ass. They laughed at me. I don't believe they are laughing anymore. You know how I knew? This is how I think. When was the last time you ever saw the wealthy sharing the pie, I mean their pie, with..............
WilliamHCarney 6 months ago
Great video also check gafnn dot com
Gafnndotcom 7 months ago
GOLDMAN SACHS MADE A TON SHORTING THESE MORTGAGES. NOW IT IS DOING THE SAME GAMBLING WITH DRIVING UP GAS PRICES. GET RID OF GS, SHUT IT THE HELL DOWN.
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malisha70 9 months ago
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago.
chairde 10 months ago
Well it is now February 2011 and this shit just didn't happen so fuck you all.
chairde 11 months ago
@chairde So you really think that all is well? It may not have collapsed in 2010 but there is no denying that the whole housing market is a house of cards that's still wobbling. The US economy as a whole is fragile. How long have we been in this "bad economy". It's been common talk for so long that people have forgot what it sounds like to say, man what a good economy.
ghostface2814 10 months ago
@ghostface2814 Nonsense pure uneducated emotional nonsense. I have been through many recessions and each time the economy comes out leaner and stronger. Recessions are just part of the system and they cleanse the fat and corruption from the economy. The dollar is strong, the stock market is strong. The real estate market is improving so your "sky is falling" mentality is simply wrong.
chairde 10 months ago
@chairde uneducated, no. I'm very much educated and the only nonsense is thinking that everything is just fine. It's just that kind of obviousness that got people into trouble and terrible loans. I know the natural economy has up and down turns, but the variables in today's economy are unprecedented. I never said the sky is falling so don't put words in my mouth or pretend to know what my mentally is. Truth be told, my business is a beneficiary of this downturn.
ghostface2814 10 months ago
@ghostface2814 I would suggest that you go to a currency converter to see how the dollar compares to Russian, Japanese or even Chinese money. I would also suggest that you read George Friedman's book titled, "The Next 100 Years". There you will learn the real facts about the American economy. Recessions are part of the economic cycle and the longer the time between recessions the larger the recession will be. Recession in fact was overdue.
chairde 10 months ago
Well, this guy didn't mention 2010, he said the following years, so 2010 was the date set by the person who uploaded this video, so the mega burst might happen in the following years. Anyway, "futurology" has never been an easy science.
beto102001 11 months ago
in another two years when I get my Master's, time will be ripe for me to put down $20k cash and get a nice house for cheap!
Viva la forclosures!
SPQRImperator 1 year ago
@SPQRImperator Yep and the $20k will have the same buying power as $1200 by then
neanam 1 year ago
@neanam Eh, easy come, easy go! lol
SPQRImperator 1 year ago
Maybe I should just move overseas in the next 3-4 years. I was going to wait until about 2020, looks like I may be peacing out sooner.
jebenn23 1 year ago
maybe it didnt happen 2010. but it will probably happen anyway.
Gonko100 1 year ago
Abolish the private jewish federal reserve.Since 1913 they have destroy the country.They have create wars,depressions and brought poverty to America,their final goal in total destruction.
Read this book for free on internet to understand all the problem America is facing.
Who Is Esau-Edom...Who Is Esau-Edom..
MsMihailescu 1 year ago 10
@MsMihailescu
Perhaps. But they've had plenty of help from you and me. Shop more, buy more, want more! It's those democrats. No, it's those republicans. Pick a side and someone to blame at all costs. Never me: never my fault!
hootiepaladin 8 months ago
Yep.
DO NOT Walk Away-FIGHT!
File a Quiet Title / Lis PENDENs on your home...they dont own your note, it was securitized & sold.
Banksters are Committing Fraud in Court.
Demand an Evidentiary hearing, do not comment, unless evidence is entered, via reporter
In Discovery Demand TITLE, WET Note-must be a perfection of Chain of title and that blank assignments are Not acceptable."
StSimonMartyr 5 months ago
HOUSE PRICES AT ALL TIME HIGHS IN MOST AMERICAN CITIES,HOME SALES HIGHEST IN 10 YEARS,MORE MILLION DOLLAR HOMES SOLD LAST YEAR.ITS GOOD ,AMERICA IS BOOMING .
amcanmike 1 year ago
The reason why there were no crash in 2010 is because if anyone was paying attention, the big wave will not come until mid 2011. So to the fool who uploaded this video, watch it before you title it you fool.
ThePandems 1 year ago 3
@ThePandems
The title appears to be correct. 2010 was indeed worse than 2008. I also agree that the housing problem is exponentially getting worse every day.
FunkyRoverz 1 year ago
@ThePandems Depends on where you are to say if there was a crash in 2010. I'm in Silicon Valley, and I can clearly see the depression in home values. Very expensive here.
There was a foreclosure moratorium through most of 2010. I can see the acceleration now, by checking Hotpads, and searching only on foreclosures.
This is also not new news either. I subscribe to Harry Schultz's newsletter, and he predicted all this back in 2004. We're in for some tough times.
fuzzywzhe 10 months ago
@ThePandems Looks like you have a month and a half before becoming the next fool. :D
itsthekush 2 months ago in playlist 2010-01-15
@ThePandems Happy New Years!
info305 3 weeks ago
@ThePandems Oh wait, no it's gonna happen in late 2012. I know, because Donald Duck told me.
;)
eirefrance 1 week ago
The title is misleading. If you look at the graph shown at 3:43 you'll see the worst is set for mid 2011.
jasonlajoie 1 year ago
FAIL, no crash in 2010.
ThePandems 1 year ago
@ThePandems 8 days to go still
Frankydoesitalso 1 year ago
@Frankydoesitalso More like 6 business days to go and the DOW has not went below 11560. So give up. Telling me 8 days to go is like telling losing basket ball team they got 8 seconds to beat their rival while they are behind by 8 points. Game over
ThePandems 1 year ago
@ThePandems I'll be back after Jan 1st to call you a total loser for believing a crash is still possible in 2010. If I'm wrong, then call me a loser. Deal because the Housing market has not crashed yet and we have 6 business days to go before this Crash, that will not happen, will occur. Deal?
ThePandems 1 year ago
@ThePandems the number of completed foreclosures rose to nearly 245,000 in the 3rd quarter of 2010, an 11.2 percent increase from the previous three months. It may not be a "Crash" but the downfall is happening.
Ellipsis10 1 year ago
@Ellipsis10 Oh please, the crash never happen in 2010 so get over it.
ThePandems 1 year ago
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@ThePandems
you are completely out of your mind.
downy62 1 year ago
so what happened????is it just taking longer or not gonna happen???housing going up?????????????
diagreen 1 year ago
@diagreen
Conspiracy Theorist with no knowledge says "Noooooooo, it will happen and happen sooooon I tell ya. You'll see in 2011, it will be CATASTROPHIC. I have no proof but other Youtube videos have said so. Do your research brother."
ThePandems 1 year ago
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IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They look exactly like the flag of Betsy Ross, but with a Roman numeral “II” in the center of the 13 stars. They are made in American (Texas) and are now seen on FoxNews nearly every day. Our flag also appeared recently in episode 7 of this season “Weeds” on Showtime. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
usrevolution2 1 year ago
LoLoL what about the housing prices for the 1990's- 2008 multiplied how many times? Hmmm? no one could have seen this coming?
maj1kninja07 1 year ago
@maj1kninja07 Thank you! I think you're the only other person I've heard mention that.
goldenthroat86 1 year ago
Oops! Housing market DIDN'T collapse again in 2010. FAIL!!!
goldenthroat86 1 year ago
Amazing and important information: Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
19justinbrown88 1 year ago
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@19justinbrown88 Well, you can die any time, so why not live NOW? ;-)
Deichscheich 1 year ago
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@19justinbrown88 Well, you can die any time, so why not live NOW? ;-)
Deichscheich 1 year ago
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Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
19justinbrown88 1 year ago
This has been flagged as spam show
Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
19justinbrown88 1 year ago
This has been flagged as spam show
Do you know where you're going when you die? If you have not accepted God's free gift to you of eternal life, you need to. You can die at any time. (A car can hit you.) Where do you think you will spend eternity: Heaven or Hell? Don't wait. Admit you're a sinner, repent of your sins (be willing to turn from sin), believe Jesus Christ died for you, was buried, and rose from the dead. Pray to God and invite Jesus Christ to become your personal Savior and Lord.
19justinbrown88 1 year ago
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StuPedassle711 1 year ago
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StuPedassle711 1 year ago
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StuPedassle711 1 year ago
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StuPedassle711 1 year ago
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StuPedassle711 1 year ago
rofl this prediction didnt come true! rofl such lies
sprucepantherkmt 1 year ago
@sprucepantherkmt it just big starts end of 2010,will take a foot hold early 2011 worst will be 2012
hornjunkie 1 year ago
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StuPedassle711 1 year ago
Looking for SOVEREIGNTY, WEALTH, FREEDOM??? Come visit me and be happy!
goldenmind8 1 year ago
Times are changing, the economy is on its way to a collapse like the world hasn't seen much more harsh than the Great Depression, scary times, especially for college graduates, and people who have children, as they will never truly be able to take care of the costs they have acquired.
prettylyricsmarie 1 year ago
This issue is non-sequetor. Any loan that has been changed is not payable to anyone, nor is it receivable by anyone. It is an illegal loan and cannot be repaid.
GameOver1260 1 year ago
we were taught that it started in 1913 by the US federal reserve. Ever wonder why the German scientists of WW2 knew to come here?
GameOver1260 1 year ago
This video is inaccurate in many ways. Most mortgages they're referring to is ARM mortgages that's based on one-year treasury or prime rate. Current rates are below 1%, which means when ARMs reset, interest rates will actually go down not up. It's exact opposite of what happened in 2007 through 2008. Treasury and prime rates were above 4% and payments increased when ARMs were reset. I had 2 mortgages reset to lower rates. Also, most homes purchased before 07 has equity and can be refinanced.
marinersebay 1 year ago
usa is a bubble as a whole.
MillyVanillification 1 year ago
Buy food cos when Im hungry and you have a mil dollers mmm Ill take the food..
n057828 1 year ago
This is the tip of the iceberg. Short sales where owners destroy properties and expect the banks to take the losses. Many own other homes or buy a home as they are in the process of selling a home as a short sale. When you do a short sale the owner is supposed to not have the money to pay your mortgage, so how can the same person go out and buy a new home? Homes are being rented, owners take rental income but do not pay mortgage. Who is watching what fraud is going on with short sales?
Marcoflrealtor 1 year ago
This is the tip of the iceberg. Short sales where owners destroy properties and expect the banks to take the losses. Many own other homes or buy a home as they are in the process of selling a home as a short sale. When you do a short sale the owner is supposed to not have the money to pay your mortgage, so how can the same person go out and buy a new home? Homes are being rented, owners take rental income but do not pay mortgage. Who is watching what fraud is going on with short sales?
Marcoflrealtor 1 year ago
i don't understand why 2012 is the crash time for everything. economy, housing, all head to the end of the world? sounds too much of a fake..
1mokeke 1 year ago
This is a game of who knows what, and sometimes who knows who. This stuff is not a conspiracy of design, but of omission and debauchery. The poor pay the bills and the ones who steal it divided the spoils. I don't fault it completely because my prototype is blank on that. The good thief did not repent to get into paradise with Jesus. All he did was say, "Remember me when You come into Your kingdom." And he made it in. Must be something like states evidence or espionage agreements like Rahab.
GameOver1260 1 year ago
@GameOver1260 This collapse was planned by the same people that brought you the run on banks in 1907 and the crash of 1987 and the crash of 1929. Its the same people using the same old tricks.
hablerz 1 year ago
Hardly unlikely to be able to comprehend something so huge... the concept is right. Since the Fed manipulates this, banks have all the money and properties, they are going to control how & why this will happen. 2012 - 2014/15 will be the "bottom" which will not just "tank". It will take at least a decade, likely 20 years before the economy is officially 100% recovered, by then another crash will likely be pending in the future at the next inflated bubble.
Be smart, focus just on cash flow.
InteractivRealEstate 1 year ago
The non-violent overthrow of the United States of America.
GameOver1260 1 year ago
@GameOver1260
Financial overthrow you might say but that has been happening since 1971 since we were taken off the gold and silver standard. Since then that dollar in your pocket became debt. Which sucks for people who want to save cash and pay off debt because by saving money they are saving notes/debt/IOU's from the government, it doesn't have any real worth.
I can't cut a piece of paper and make a number and say "My Personal Reserve Note", Banks would reject it, or even have me arrested.
InteractivRealEstate 1 year ago
@InteractivRealEstate I thought it started in 1913 with the creation of the private federal reserve ?
The manufacturing output and exports used to cover the FEDs theft but since they offshored most of industry theres nothing there but a green piece of paper.
hablerz 1 year ago
Aw, please keep paying your motrgage that you havve no legal or moral obligation to pay. No biggie. Your mortgage got sold, sold, sold, chopped up, sold and bet against. Ha ha. Dont fret theres nothing the matter.
Shockofsanta 1 year ago
How did professionals who came up with the numbers upon reviewing the banks records (forensic audits?) to bailout banks ( mind you Americans tax dollars are paying for their decision ) so that our government could make a decision that would be best for THE PEOPLE. The banks got their money, homeowners who needed HELP lose their HOME to bank that would not help their customer like agreed upon (HAMP & HAFFA). The Bank has no NOTE that it can produce! How did our government miss that? Americans PAY
sociallysavvy 1 year ago
"Its just our job...." you just wait bugger, its just our job to fetter out the facist pigs that "just follow orders", from the bank.
theFranksandtheBeans 1 year ago
The great depression isn't someting made up in Hollywood. It happened and people suffered. Experts like Schiff now say the no matter what we do another great depression is starting. Prepare basic need items buy seeds and book on how to use them. Know how to collect and filter water. And band together with neighbors. If you have the means to get off shore to a safe tropical country do that. If u need info I'll help
Darinsmith@inbox.com
biospharms 1 year ago
You know a long time ago they gave this land to people to start it's growth. Ever think this is a tactic to regain them back. More will follow this.
Think Germany & Russia
The bankers done that to them both and more to come. Leaving a war to fix this problem and kill off a major number of people they don't want around anymore.
Snowman374th 1 year ago
no one can say these designers of tragedy didnt know. just like 911.......this was done by design
MrHarry46 1 year ago 2
@MrHarry46 EXACTLY..!!
Snowman374th 1 year ago
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Chitownboy1023 1 year ago
Smart man. Make money selling homes. Make money moving them out.
lekonoleken 1 year ago
that is why foreclosures were frozen, not sure what will happen once the moratorium is lifted. Something has to give. I blame the american people for overspending and buying houses they knew they could never afford. I also blame the american banks who took full advantage of cheap money and went beyond breaking laws and tricking people into contracts no one could read or understand. It is just pure greed on parts of everyone.
tony232cool 1 year ago
More things Bush started to blame Obama for
The Stimulus package is supposed to give those going through this a government loophole to help them stay in their homes
Sounds like Obama heard these numbers/reports long before we did
Let's see if the administration can cover this land mine, literally!
toyotas2006 1 year ago
Seriously....can this happen already? Can't wait. Just to see the faces around me who thought the party is gonna last forever.
mongolenpup 1 year ago
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
ManufactureBelief 1 year ago
Americans really need to stand up and start raising hell to Congress! Things have gone far beyond ridiculous, when you Government stops working for the people, and actually begins working against it`s people, well then it is time for the people to revolt!! Just the fact that we let our Governments be controlled by banks is crazy. we are entitled to print money that does not come with debt attached to it, the federal reserve is just a private entity, below congress!
afghi420 1 year ago
What was that about the meek?
Jesusizjdoe 1 year ago
THE SECOND WAVE IS COMING FOLKS ITS GOING TO DWARF THE FIRST ONE
Ibuysellinvest 1 year ago
guy was spot on,..ya think this is bad???..wait till the commercial real estate collapse happens!..who the hell wants a 200 k Sq Ft factory,at least ya can get rid of a house!..it aint over yet folks,the worst is yet to come!
wilatemodel 1 year ago
@wilatemodel RIGHT ON GET READY ITS COMING
Ibuysellinvest 1 year ago
@Ibuysellinvest i am ready,...actually,..i cant wait for it to happen...
wilatemodel 1 year ago
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elcangriblack 1 year ago
Greed
jendeh1000 1 year ago
I wish people couldv'e paid attention to the "sub prime" mortgages being "too good to be true" People never read the fine print, and always take more than they need. People have to take some responsibility for what they allowed to "bewitch" them into these deals. No one is ever going to give you ANYTHING for free. This has been a hard price to pay for our greed
atlasshrugged2u 1 year ago
@atlasshrugged2u Yes but the Government allows these corporations to screw over the people, knowingly.. A government is supposed to work for the people, instead Congress just tried to pass a lbill that will make it even harder to challenge foreclosures, does that make sense for the US government to make it harder for the people to fight for their homes?
afghi420 1 year ago
Fucken thieving scum Banks.
Nevawake 1 year ago 2
"down with u.s.a."; the iranians were right with their giant posters with that very saying.
bigdogITbiker 1 year ago
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pursuit of capitalism or mercantalism. call it what you want we need limited, very limited government. we need more freedoms, more personal freedoms, less taxes, no taxes, stop spending, in theory that period of america when gold was set at 21.00 dollars per oz for 100 years profuced our greatest prosperity. government only has to defend nation and keep things fair. nothing else.
Rico8458 1 year ago
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All this talk about the economy makes me nervous. I believe that storing food is going to be just as important during these hard economic times so you should all check out thefood.mysundanceglobal. com/
CaribbeanSkies 1 year ago
another great vid is Peter Schiff mortgage bankers speech in 06. He also knew(knows) what was (is) going to happen. It's amazing.
fiatalfa1 1 year ago 2
The thing I could not get is the new rate. If rate for ALT-A mortgages is about to be adjusted then it is important to understand what is going to be a new rate ? Is it going to be derived somehow from Feds Rate what is on record low level ? If so, why owners should worry ?
tube4stas 1 year ago
Listen to Chris Rea "the road to hell" "the roads jam up with credit and there's nothing you can do, it's all just bits of paper flyin away from you. Look out world take a good look what goes down here, you must learn this lesson fast and learn it well, this ain't no technological breakdown, oh no, this is the road to hell
irishslave51 1 year ago
I remember when i first heard this story and it was just CRAZY...anyway, sounds like a great market right now though.
WonderWomanFan4life 1 year ago
Warren Buffet is getting out of the market. He had 25 billion in the market and is now down to 5 billion. He's buying bonds.
bigkitchenjaybo 1 year ago
all i can if ur american and you love america watch this guys video called
Islam & the International Monetary System from 1 to12
bxccapricorn 1 year ago
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if the dollar gets devalued they should put:
Obama on the $500 dollar bill
Bernanke on the $1,000 dollar bill
Paulson on the $10,000 dollar bill
shussein82 1 year ago
Watch Peter Schiff mortgage banker vid. Done in 06 in front of 3000 mortgage people Schiff told them what was about to happen. He was spot on. Along with Michael Pento, Tilson, Kyle Bass and a few other insiders who warned what was going to happen but were ignored. Listen to what they have to say today....and try to be prepared.
fiatalfa1 1 year ago
Not good for home owners.
mygreenday69 1 year ago
the banks and wall street arent to blame,thats what they do-with the govts.blessing the real greedy culprits are the ones wailing and playing the victim.thats right,its the greedy ones who wanted the bibber house,nicer car,the expensive clothes and jewelry-all of which they neither needed or could afford.just wanted material items to feed their own insatiable egos.now that the bills are due.theyre blaming everyone else,but themselves.the true victims are the ones who were responsible and modest.
qwq45 1 year ago
the absolute collapse will be 2011
Yamakashi1 1 year ago
@Yamakashi1 any evidence?
gerwazjana 1 year ago
Funny, no one ever mentions that the housing market started falling mostly because of the monster home building companies, who flooded the market and built 100,000's of new homes to conflict drastically with preowned homes. ***BLAME THE NEW CONSTRUCTION BUILDERS.***
petike555 1 year ago
@petike555. Well said. Not to mention, investors hoarding housing units.
raptorkiller2k5 1 year ago
You Americans out there keep trusting in LUCIFER and his B/S, and use your blessing to pay to kill people who have never done you any harm. The amount od Americans Tax payers paid to kill Black & Arabs & Chinese, and Pakistanies & Palestinians & Africans, don't you wish your country never wasted so much on killing innocent people, reap what you sow in dignity. Find Honesty in your life, and killing people reapes you no rewards, the WAGES of SIN is DEATH, Lucifer knew that, did you???.
maria610421 1 year ago
@maria610421 stick to the topic
seasmn 1 year ago
@maria610421 you are an idiot.Us Americans as you call us never wanted to go to war! We would never vote for it and never agreed with it! In fact we want out of it and hate the government, we are all being used by the elitei.The Bilderberg group. Americans HATE war and killing.We hate that our children are tricked into the army due to poverty..Our soldiers do as they are told, they are mostly just kids. They don't know any better, they just joined to go to college and end up dead instead
17seventySIX 1 year ago
@17seventySIX
It doesnt matter who we vote for... they will appoint whom they want and make us think that we selected them. Didnt you see that when Bush Won the first time, then the 2nd time it was Super obvious.
WonderWomanFan4life 1 year ago
@maria610421: America was once the richest country, and wars have brought the people into poverty. People are losing every thing they ever had over these kilings, the more money spent on wars is less for the people. The word is no STOP the violence & the killings. Obama is a PUPPET, the elite don't fight in wars they would'nt risk their lives they risk everybody elses.
maria610421 1 year ago
If everyone did the right thing and didn't take jobs like the movers here, then there wouldn't be anyone forced out.
guidomith 1 year ago
A people's metal is never truly tested during times of plenty, but is only tested during times of hardship and adversity. Our ancestors faced even harder situations then the one we are confronted with here, so if he hold on we will reach the calm after this financial storm.
MatthewBissonnette88 1 year ago
hey sucked in america YOU the worlds biggest loosers can eat a big fat PEACE TURD !!!
itchyundies 1 year ago
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IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were all over the last Tax Day rally in DC. They are made in America and look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
usrevolution2 1 year ago
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IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were all over the last Tax Day rally in DC. They are made in America and look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
usrevolution2 1 year ago
I am one such person who lost their home in 2010.... but in my case it wasn't a ARM or strange mortgage.... I have a nice 5.5% Fixed rate... I just don't have a JOB!!!! Everything is going to China, and most people who do have jobs work 50hrs a week, 51 weeks a month! How about we take the EU work year model and end unemployment tomorrow??? And live longer due to less stress!! How about that? or no, that's too socialist I guess.. /sigh
CE750 1 year ago
Houses aren't worth 100,000 dollars anymore.
fuzzywuzy 1 year ago
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One of the more disingenuous frauds the citizens of the United States are being subjected to these days is coming out of the US Mint. For over 2 years the Mint has been illegally rationing gold and silver American Eagles and now the Director of the U.S. Mint, Edmond Moy, is finally on the hot seat.
"A congressional subcommittee has been asked to investigate the growing backlog in and foreign procurement of U.S. bullion and collectors' precious metals coin blanks manufactured by the U.S. Mint."
reginald58 1 year ago
well keep it coming I am looking to buy a cheap house soon. I am currently renting and putting away about 10 grand a year waiting to buy.
rustyscrapper 1 year ago
Yes, it’s that book *Kangaroo Millionaire* Marc Hrisko one of Robert Kiyosaki's speakers wrote it's on his website KangarooMillionaire. com Everyone’s talking about what a great book it is. Anyway, I hope this helps you and you enjoy reading it as much as I did!
moneytalkers2009 1 year ago
I have to take a shit!
TIKIMAN198 1 year ago
2012 Doom is in on this too?
sungl0 1 year ago
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yudi4160082 1 year ago
So just FYI people - The vast majority of Option arms were made during the summer months of 2005. These were mostly 5/1 ARMS. I fully expect to watch our mortgage market take another ride about Mid to end July. So saddle up people. We are in for part B.
VegasGuy1975 1 year ago
It's the first day of August and housing is down in select parts of California, Florida, and Las Vegas... shocking. New home sales just put the DOW up for the week... and prices are up in other select parts of the country.
Idiots.
bpa619 1 year ago
@bpa619 So i guess you don't pay attention to the other parts of the news that are a direct reflection of our current economy. Even Alan Greenspan stated on Meet the Press this morning that "The government can not control the long term interest rates. And Long term interest rates is what will increase our economy".
Even he understands that unemployment means more foreclosures. More foreclosures means less taxes paid in, which means an increase in taxes, which means more layoffs. Get it yet?
VegasGuy1975 1 year ago
Alan Greespan also admitted that they have no fucking idea what they are talking about, and by "they" he meant economists... and everyone else.
We had worse unemployment with higher taxes on the lower classes just 28 years ago... so they just lowered the interest rates, even though they said they couldn't... then unemployment dropped and the president everyone hated was reelected in a landslide... :/.
Do you know why we have such high unemployment? I'd love to hear this...
bpa619 1 year ago
@bpa619 Well it may have something to do with layoffs because people are scared to spend money. It's a simple leveraged mechanism.
Work places hire people when their products are in demand. This means that other people are buying the goods and services that employers are providing. When these employers are selling well, they keep more people.
When consumer confidence falls, layoffs ensue. When you get laid off you can't afford to buy services and products or pay mortgages.
Simple and Complex.
VegasGuy1975 1 year ago
Do you know what people did with that $600 "tax rebate" from 2008? They bought a PlayStation. You think they saved it all or payed down their "debt" or something? You think "consumer confidence" has to do with the unemployment rate? Look at the fucking Dow.
Jesus Christ... read what CE750 said. The US doesn't manufacture anything anymore. It has become a fucking... money manager for even its own products and companies. It outsources everything and has everything made somewhere else.
bpa619 1 year ago
It's not "and Complex." The sudden and dramatic change of not making anything and being called on our debts is the reason for this. Everything else involved, such as this video, are the "and Complex" part.
And "layoffs"?! Wtf, that's what unemployment is... not why it exists. Plants closed all the time in the 90's... and that decade ended in the largest economic expansion in 35 years with over 3 trillion dollars less debt and a 440 billion dollar tax surplus. Pisses me off too...
bpa619 1 year ago
@bpa619 I've pretty much figured out that no matter what I or anyone else says, you ultimately believe you are right. No matter really, because that what's nice about America...we are all allowed to have our own opinions.
But I will say that Layoffs are not a synonym for unemployment. Being fired with cause does not qualify you for unemployment. Quitting does not qualify you for unemployment. Being laid off does. However, all result in the same effect....unemployed.
VegasGuy1975 1 year ago
You don't present any counter arguments, or even arguments in the first place. You didn't address anything I said in regards to 1982, 1998, the sharpest decline in manufacturing jobs in US history, the fact that "consumer confidence" is solely "and complex" and making it "simple" is a ridiculous generalization with countless criticisms and counter arguments... or the DOW. There's also things I didn't bring up, like rising consumer spending.
You keep talking about opinions though.
bpa619 1 year ago
@bpa619 Never looked for an argument in the first place, but evidently you were. Addressing your 10.2% in 1982: Google current unemployment rate. It's at 9.7%. The difference is we also have 70 million more people in America than we did in 1982. Your comment on the dow is interesting. The Dow is fueled by Investor Speculation, not consumer confidence. Consumer spending: Americans have always overspent. Its an indicator of nothing. And yes, opinions are what we have here. Nothing more.
VegasGuy1975 1 year ago
Well you did presume I "didn't pay attention to the other parts..." and stuff.
Some sources have the rate at 10.8... I average them at 10.2. There were 41 million less people 30 years prior to 1983.
The Dow, theoretically, is "Investor Speculation" of how well companies are essentially doing, or rather, controlling costs... or you know, "selling products." And like... regular people invest in the market too man.
It's not an opinion... it's a trend. Could even be a correlation.
bpa619 1 year ago
Go to Remember the Banker Bailout website to find out which leaders voted for it and in the election vote those criminals out of office!
MsTheresaKelly1 1 year ago
Greedy Americans are the cause of this!
russcd1 1 year ago
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TheDigitalWeb 1 year ago
That graph shows a peak in sept 2011. Looks to me like the worst is still ahead. Am I wrong on that???
myfletcher 1 year ago
@myfletcher you are correct!
Ellipsis10 1 year ago
@myfletcher You are so right the worst is still to come, on the news you hear we are recovering this statement is only giving false hope, if the people knew what was really going on and if the truth were told, it would scare the people, so they keep giving false hope to the people.
evansdoris 1 year ago
so we are in 2010 and i dont see any crash, laugh at ones who believed this video.
just get a job and shut up!
gangupnow 1 year ago
@gangupnow 2010 where I am is Foreclosure City. Nobody has a job. Get WHAT job? People are stringing together part-time. Maybe you live in some very super affluent area?
westchesterny 1 year ago
@westchesterny this is over, jobs are building up again.
these doom news are aimed to get attention.
i remember everyone on the web saying that next hit/crash will be in the May or in July of 2010...here we are with recovery (slow but its there)
just like always they are moving the doom clock up again with their foot in the mouth I am waiting for someone to say that market is going to crash on 2012 so I can laugh at them.
gangupnow 1 year ago
@gangupnow the time will come ... just because it is put off because of unsustainable stimulus doesn't mean things have improved. Read up on demographic trends and exponential growth ... we are done for my friend.
polarbeach 1 year ago
@polarbeach dont give me the bible answer...end is near
of course down the road something will happen again with economy and then these people will try to take credit, its a way of getting attention. why not give a date huh
gangupnow 1 year ago
@gangupnow not sure what you mean ? I am not talking bible at all and couldn't if I wanted to. I am talking about a total change in society which will be unlike anything I have seen in my 34 years on this planet. I am talking about a massive breakdown and of course I have no idea when, but I believe it will begin by the end of this year and accelerate into next. I am prepared and would rather be and not need to be than have to depend upon others. personally I hope you're right.
polarbeach 1 year ago
@gangupnow can you provide me with a link showing that jobs are building up again ... thanks.
polarbeach 1 year ago
@gangupnow Things are getting worse here in Michigan. 7 foreclosures in my block. We are going to try and short sale our house. We owe 90k, realtor says it will sell for 40 something.
Investors are buying up the house in our neighborhood and renting them out to section 8 people. This neighborhood is ruined and I blame the banks.
This seems like a crash to me. The bigger crash is going to be in 2012.
myfletcher 1 year ago
@myfletcher you said it your self..."Investors are buying up...out to section 8 people."
if this was another crash, those houses would stay vacant and the realtor would have told you tough luck.
economy is getting up slowly, you guys need to understand that these people want attention thats why they are making these claims.
gangupnow 1 year ago
@gangupnow Well, time will tell but I don't think investors buying up houses for 20 cents on the dollars as a rebound. Numbers don't lie and there is gong to be a flood of foreclosures coming for the next 2 years. We are riding the foreclosure wave pretty high here in Detroit right now. I gotta get outta here soon.
myfletcher 1 year ago
@myfletcher there you go, #1 reason the unemployment is not reducing is because pple are not moving to other places where jobs are being created.
actually its a good thing that mortgages are cheaper, just dont take 2012 thing too seriously...its sad that people actually believe in it.
gangupnow 1 year ago
The chart they showed would be scary but I am assuming 60 to 80% of the "second wave" was refinanced during the gov tarp/pay back/$8000 first time buyer/refi money. I don't have all of the data but I think the worst (housing bubble/ commercial real estate) is behind us, although working through all homes with China slowing down and the EU not helping it still may take 3 years to 5 years to turn the ship around. The sky has already fallen don't panic now chicken little.
MrYatesj1 1 year ago
@MrYatesj1 Summer is typically the highest buying season, with the yearly peak usually occuring in June. Sales of homes drop quickly in the early fall, with a very brief spike around October (from sellers dropping the prices). Winter is very slow. More and more homes will default as interest rates on loans continue to rise with fewer opportunities to refinance. In a nutshell, it'll only get worse this year.
HeyAHuman 1 year ago
aaahhhh!!!
smedheat 1 year ago
What date was this originally aired???
booga20001 1 year ago
@booga20001 It was in December 2008
fasteddie847 1 year ago
we need to limit our job market to the limits of our job market to our national borders, and keep jobs here... this is the banks and the corporation's fault, on par with our own govt. we'll all see the shit hit the fan come mid 2011 to late, or early 2012..
nuttybollockz 1 year ago
Hm. Available? Uh...how about you guys lower the payments permanently instead of causing extra crap to fall. They can/could/should prevent this.
Rizuzua 1 year ago
@407buddy - What you said.
I've been saying this for years. The only way we're gonna see change is by hitting them where it going to hurt them most. In their wallets. If people think that Wall Street hasn't bought our government off they are badly mistaken.
The SEC thought the banks were going to regulate themselves. Geez, I want to live in fantasy land as well. SCOTUS removing limits of corporate donations to politicians. Highest bidder wins.
Just quit!
Zealotvids 1 year ago
Funny 2010 Main Stream News Media Say hard times are behind us. This sinks ABC, CBS, NBC, CNN, FOX, MSNBC and CNBC are these folks all just bunch liars....?
HGSpaceTime 1 year ago
@HGSpaceTime in short! YES!!
deadmike73 1 year ago
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GregStudio62 1 year ago
These guys aren't terrorists. According to the Obama administration they are just a bunch of dudes angry that they didn't open a falafel stand in Gaza.
rhowell855 1 year ago