well even before the banks started to own that stuff, they already owned usa and other countries for years. DEBT means someone OWNS YOUR STUFF but lets you believe it's yours as long as you assure you will pay him/her back. china owns the usa for example for they are their biggest debtee and they have debts for themselves. where does it all end? who is the master creditor? is he/she to blame? or are the countries who took the credit to blame for their stupidness?
The bank bailouts were just to protect the value of the dollar and therefore protect the value of any money anyone has saved. Who has the most saved and or invested in banks? It's all very obvious to me.
having watched a few of your videos I have come to the conclusion that TARP was bad, actually I came to that conclusion a long time ago. What I now need is a deeper understanding of who wrote the legislation, who signed it, and little details like are we getting interest on the money and how much. I wish you would back up a little and give us more details on the evolution of this problem.
I like what you are doing so far, but it is now time to move the debate into the voters booth.
I trust the government more than I trust private industry, fella. If there's anything you should be learning from the foreclosure crisis, is that private industry can't be trusted.
During an RE bust in Colorado a few years back, the Housing Authority would buy up abandoned condos. They would take your money, renovate and move in Section 8 people. I was the contractor doing the renovation,
Scumbags would move in and 6 months later I would be renovating the same unit that I had fixed.
They would move in from other local crime ridden cities. Just imagine what they did to home values in what used to be stable neighborhoods
He is right on this. This has occurred before, where an economic crisis has been capitalized on by the bankers. In that instance, it was a manufactured economic crisis for the purpose of banker profiteering. Similarly today, a mass transference of wealth, in the form of both money and real property is being taken from ordinary Americans in the form of foreclosures and tax debt, and being given to the bankers. And we just look at it with dumb cow eyes and take the coming slaughter.
It´s all about power. The wealth transfer (symbolized by money) from the middle class to the rich, was a plan well executed by the trillionars*. Even the number if the billionars was cut in halth over the last few years.
The middle class is the one thing the rulers are most afraid of. Because with wealth, comes the power to put the imaginations into everyday use for everyone, except the riches that loose control, with inventions coming from good from within the middle class.
It's a shame are largest media corporations are still lying to the citizens about what's coming down the pipe ... and it's alot worse than anything in a septic tank.
Banks and governments trying to own all the overbuilt housing tracks we have won't work.
People need good jobs and money to live in all these houses ... it just won't happen.
Great video. The landscaping is wrecked, weird seeing the date trees collapsed from lack of water, parched. mines bright green on the patio in cold wet michigan october.
When commercial RE prices fall it might be a good idea to pool funds with friends and family to buy one of those - hire live-in security, start a garden, install solar energy and water filtration, and you've got you're own defensible "enclave"
The future may wind up lookin' like Snow Crash (Neal Stephenson) only a little more raggedy.
Land would be better of course - with a well and efficient structures in which to live.
Federal Reserve is a Private Bank that loans the US it's federal reserve debt notes. Bailout happened because of CDO's Commoditized Debt Obligations. Mortgages were sold off as AAA securities, when they were NOT. Foreign investors were calling for their face value, which would have wiped out ALL the banks here in the US. Once the mortgages are sold to a company called MERS, the banks no longer have standing in court to foreclose...look it up...great info...possibly 60 million mortgages FRAUD..
One aspect that pisses me off about this whole thing is the labeling of subprime crisis in articles and books. All Housing and Construction has crashed yet they still want to falsely blame subprime when in fact the crisis is by design. Now it will go down in history as Subprime Crisis 2008. Complete bullshit.
issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the
If you DON'T think that the US will collapse further, then you need a dose of reality. We have to fall a LOT farther before we see a bottom. When there is 30-50% unemployment and thousands of people are standing in daily government funded bread lines, then we might be close to the bottom.
boy george i wish i could e-mail u.money give away here in detroit,u gotta see this crazy.fights,5ooo applications for assistance,many more thousands show around the city,lined up last night.stimulus money to help(pay)detroit residence only i think.
Michael Moore calls this Capitalism, but it is Fascism.
Wall Street & the banks through the Fed and Paulson/Geithner have socialized the losses while keeping all paper profits private. They took TARP money, wrote up their assets when M2M was repealed and now they are paying themselves fat bonuses with what amounts to taxpayer money or debt.
TARP should have went to the homeowners to reform the loans. These pricks belong in jail.
Wat a moron. If he spent more time reading substantial information and less time watching Clusterfox channel, he'd know that 467,000,000 has been repaid by 7 banks, college and university funds have paid back 70 million, citibank has repaid most of it's money.
Get your head out of Beck's ass and get in touch with a little reality.
WRONG. Citi is still 60% plus owned (in stock) by the US Govt. . The Fed has not returned those repaid funds to the US Treasury / General Fund.. and to top it off.. the $467mm is a drop in the bucket compared to the $12 Trillion that was backstopped with guaratnees and bailouts. There is only one 'person' on this board with there head in brown sand.
This comment has received too many negative votesshow
It's been my experience on these YouTube "forums" that most of the people here have their head firmly placed between their legs.
I and others I know come on here for the laughs...... and to stir the pot of the disenfranchised wingnuts.
Don't think for a minute that this is some kind of intelligence-based forum... This is a place for the basically stupid to comment on other basically stupid peoples videos...
Some of us are merely snipers who reply for the reactions you nuts present.
okvideos5 is an Asshole. This Guy Speaks the Absolute TRUTH, and before the end of 2009, we will see that Second Economic Crash We Predicted months ago........ThePatriotHour
Penis envy is strictly a female only condition. The reference to Kim Jong has to do with how the dictator thinks he is superior and smarter than everyone else but he is really a dumbasss. Not his looks. You compare yourself to Hillary or Judge Judy? I'm very sorry about you losing out in the gene pool lottery.
the banks do not own that slum we payed 27 trillon for all there bad assets dude the goverment owns it now and all the det on all of that just gets biger and biger it was a scam from day one on the taxpayers and when the doller flatlines the gov will come for your homes and biz and land cuz the rates will go so hi you will not be able to pay your land tax or run a biz or pay for your home
The banks have $500billion parked on the Fed, they got the money and they got the RE. They are holding the foreclosures and they don't even paid for the property taxes. That tells you that they are in good position. No they own it all.....
I just seen on the news that NASA was laying off 550 subcontracted rocket builders. What a trip huh?!?! And some people think its getting better out here?
Excellent vid George! The bubble is definitely not done bursting yet - houses are made like crap and people are starting to realize it as money is getting harder to come by
hold on whats wrong with the distrubution of the land? isn't that what happened back in the old West? to get people to own and invest in building ? why is it now a bad thing?
They should do a boundary adjustment and add the common areas to the existing lots at no extra charge. Then the upkeep is on the property owners, and it benefits both parties.
I bought a condo in Bangkok for $17,000.(I'm living there now) And about 10 acres in Isaan for $ 4,000. The US is about to collapse under it's own weight. It's sad to witness, but who is to blame?
Thanks George, the collapse is right in front of our eyes, and almost no one has the courage to say so. At least you are showing us places that ought to be inhabited and thru some monkey business, they're sitting empty. This is truth, not the jibber jabber out of DC...
Yeah, the collapse is slowly happening, but I think that we are heading toward the great drop. Once everyone is on their head, then they'll have no choice but to see reality.
if real estate is not appreciating by at least 5% a year, there is no justification to buy it when rent costs are 50% cheaper, and dropping. housing is a liability; but realtors punp it and call it an "investment". this is the greatest diservice anyone can do, when the home equity markets are dropping or are not appreciating; its a NET loss. I will NEVER buy a house again, after what i've learned.
PSBYowner did you even look at the brochure George was holding? Rent starting at $1450 a month, I pay less then $600 for a mortage, Deposit required subject to you credit, who knows how much that would be? You could buy a house now and get $8000 from the Goverment. What's to stop a landlord from jacking up your rent when your 1 year lease is up to anything he wants, or he could get foreclosed & you would be out on the street.
Don't buy a house as an "investment" buy it as a HOME, geeez.
sorry, i dont buy that. i think you are simply wrong.
first thats brochure is from when those houses were 450,000 or whatever. second the point of the video is that thereis a glut of rental properties. more power to you if you buy a house to be your home; your right that should be the first consideration. but realtors always refer to housing as an investment, and thats just not accurate in a stagnant market. rents are going down.
today, property managers are like putty in your hands... and it will be like that for years. they dont want to lose their tenants, when there is plenty of other, cheaper properties people can move too. the market dynamic is lower prices.
@psbyowner, I agree with you on people decieving people into homes as an "investment" That also goes for plenty of other so called "investment or Ponzi schemes that people were decieved into. How did this happend? Greed, & self importance. No I don't have an ARM my house is less then $100,000 thus a $600 a month payment-about the same as rent here. Can't be kicked out cause the landlord got foreclosed on or have my rent raised because of inflatation. You are in a little box my friend.
common areas more than double the costs of land banking, or any real estate investment. there was a common areas scam for a while during the boom. that money disappears, it's not a tax deduction. now they want to eliminate homeowner tax deductions. and after you consider deficiency judgements, why even consider "investing" in a house? not to mention maintenance for all that cheap plumbing and otherconstruction cost cuts during the boom. R.I.P. housing.
Hope will not put food on the table if the banks seize up. Look for an extended period of desperate anguish as defaults flood the housing markets. The period looks to extend for many, many years. Question is: Can we absorb the impact of economic contractions in a jobless recovery? There is a lot of stress out there. People are experts at hiding problems, particularly when it comes to money. The offering of debt relief services on audiovisual media is absolutely shocking, very shocking.
People don't see this right now in Washington D.C. or Northern VA. I have been to Detroit once a year for the last 5 years and you can physically see the collapse. But in richer areas people don't notice the economy nearly as much. They will soon enough though. Keep spreading the word. Cheers
Hey, this is what our planned economy will look like! Wage and price controls coming down the ramp...unless we realize our duty as proud citizens and "alter or abolish" as prescribed by the founding fathers in situations like this.
Welcome to the feudal USSA. Don't believe it? Stop paying property taxes and tell the IRS jackboots you don't want to pay 'rent' anymore.
I dont see how you connect planned economy and feudalism. Feudalism existed without a planned economy. Epic fail in your analysis.
But you might be right to suggest that the economy system under which the US has been thriving, capitalism, naturally leads to a society organized like a feudal society.
"Like" is more relevant. I don't know about epic fail. Its a comparison and an idea. An epic fail would be saying that you should buy a house at the end of 2005 and misleading the whole country.
But realistically, we're fascist. A corporate state. Matter or fact, THE UNITED STATES has been a corporation itself since 1871 and all government entities are as well. Corporations aim is to cut cost to maximize profits. Employees are costly. And here we are. Mandatory Health Care, car insurance, etc.
Look for more "squatters" in CA, it's a big time problem in FL. People just move into the vacant houses and live there. Nothing can be done by the cops, the owners (the banksters) have to evict the people. In order to evict they have to know their names. Trespass laws apparently don't apply, due to adverse possession laws.
In FL, squatters have moved into million dollar homes. Homeless advocates are helping them locate vacant properties to move into.
Bank reserves are up from 2 billion a year ago to 800+ billion now. They are keeping their money "in the bank". When the lending starts, they will be able to loan 6 trillion dollars based on current reserves. George will have to change the name to HyperinflationUS.
where will the people hide that work for the banks as you know they will be first on the list. i would not like to work for a bank as people get mader and think about getting even
He makes a mistake here, saying "socialization." I think he means fascism. If the real estate is owned by the banks and the government bails out the banks, and corporations and the government have become as one, that is fascism by definition.
You can feel it in your Soul, Something Big is about to happen. There is a reason for all the craziness and grief. Notice all the fear mongering?
The Creator of Mankind is about to Retune, Good news for some, not for others.
Some are so frightened they dont want to know the truth. Time is running out for Evil. Is it just a fray tale? Can you not see what is going on around you?
We have the same developments, community centers, developers (DR Horton, etc.) here in Texas. The land is very cheap, new homes averaging $150k. The ones that aren't selling are in the $300k+ range. People who own homes are hunkering down. I am seeing a lot more FOR RENT signs.
George Thanks For showing what's happening out here in California.... here in Bakersfield it's similar but not as bad as in L.A. or the more expensive areas in Ca.
We have the same problem in Ireland. We have lots of hotels that should have never being built in the first place. The banks have taken over these failed hotels and have slashed prices to next to nothing. The banks can do this because they've received billions in bail out money, viable hotels however now can't compete and are closing down all over the place. This is what happens when the government interfers with the market.
Good video George. We're being turned into a nation of Communists quietly but right out in the open. And most Americans are still just oblivious to the entire thing. We're gonna pop and bleed out all over everything. This is all going through the floor. Get ready... Keep preparing. I hope everyone is listening and paying attention.
Why do people keep throwing their money into these securities when they are all hollowed out and fraudulent...because thats what the market analysts are telling them to do. Until people wake up and realize the stock market is a sham and the dollar is doomed, the ball will keep bouncing. However, the day of financial calamity is near and when it happens God Bless Us All!
Goldman Sachs upgraded bank stocks this morning. I guress Goldman Sachs still has lots of shares to sell the the sheep who think the stock market is going up for the long term. No shame !!!!
Great work. You just reinforced something I've been saying for years. This false economy has been rolling for many years. When the shit hit's the fan, you'd better get your ass out of there!
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
You can bet that kids and vandals are destroying the inside of those homes. They could actually render them uninhabitable. More of our money going down the drain.
I think our biggest problem at the moment is the American peoples denial of the situation. This looks to be a more serious problem, than our countries finances. If they don't get their heads out of their asses, we are facing a Mad Max scenario when the dollar slams through the basement floor, and so many are caught off guard with hyperinflation, no jobs, and no preparations = starvation...
George - You make it sound like Section 8 housing is the worst thing in the world. Maybe if the free market had chosen to build low and moderate income housing in these areas that you tour; there wouldn't have been a need for a housing bubble and NINJA loans to begin with. Consider if housing had been built that properly reflected the economic opportunity of a given area. Isn't that what sustainability is all about?
The banks pulled this crap back in the days leading up to and through the great depression.
Don't worry, we will be suffering from the dollar collapse in the next year, and getting our new currency. Maybe most of us will be dead from the swine flu vaccination, that none of the doctors and nurses I know, are willing to take.
Who knows? See what happens when you let criminals in your government? They got rid of the private Federal Reserve once, and they slid back in. AUDIT THE FED BILL!
Biggest news of the day is that the Middle Eastern states are working with Russia and China to trade oil in a basket of currencies and dump the dollar. I can't wait for tomorrow and see what the ramifications are. By all measure right now, gold and other precious metals are having a healthy surge on this news.
DEMCAD - If they didn't lie, then those assets would have to be valuated at less than 15% of 2007 values. That would have crashed the banks and the international derivatives market beyond the rescue capability of the G7. This is why they cooked the books. Don't forget that AIG didn't have the money to back up those loans either. A default would have resulted in a worldwide collapse. So you either accept the lies or we would have ended up insolvent begging for China to save us.
yes, the endgame-->socioeconomic collapse of the American States, and the whole nation. Also for another note: towns, cities, counties, States will sell off assests and infrastructures to banks, the US Government and other domestic and foreign entities inorder to generate revenues, reduce their debts, and continue to operate.
It seems like they're manipulating rent down to ease the costs for those unresponsible folks that defaulted on their loans so that they have some money leftover for partying. It seems like they manipulate the finances of the nation to foloow and favor the unresponsible.
Places like Las Vegas should be given back to the desert. That city was a colossal waste of resources from the beginning. The sun belt states need to be, for the most part, abandoned. The water resources no longer exist to support these places.
In Detroit, property values have fallen by over 90% and I'm not exaggerating. I was offered $150,000 for my house in 2005 and now it's worth about $10,000. I didn't sign up for that!! When the media talks about how property values have dropped by nearly 30%, what planet are they living on?
so the banks basicly own the properties... and many of those banks are going under leaving the JP morgans and Goldman sacks of the world to aquire those banks, in turn becoming the owners of all the property, and next america?
What happens when the $8000 Tax Credit ends and they bring in the $15,000 Tax Credit, which they may try to say that they are fiscally conservative and bring it down to $12000 Tax Credit?
The tax credit won't go up to 15,000 anytime soon, i've been tracking that bill since it was introduced because I qualify for first time homebuyer, and its just been stuck in the finance committee for months. Its a long way from being passed, trust me.
This is an excellent post. This is what the future will look like. Bombed-out suburbia converted to public housing with the government as the communist landlord for the rental serfs because the mega-wealthy don't want it, they keep only the good assets for themselves. People need to see through the corporate/government veil to understand how they are being manipulated.
I know, people are still in the dark about the vaccines. They know that the regular flu vaccines never work, but they still get it. I think that it's the NWO's last desperate gamble to sterilize and kill as many people as possible. It only took 10 weeks for the last Swine Flu Vaccine to cause a huge backlash, so I have to stay vaccine free until at least December. Stay safe and one step ahead.
You are now member of the Nationalist socialist party! The government and the corporations getting paid by government knows best! OBEY! Just like the good Germans did.
What part of CA.. are you showing?I agree about section 8. If they do that. It will be like living in the projects. Marina.del rey. prices still high.
Yeah some day they'll say sure you can move in off the street and live in here. But first you have to sign this 4th amendment waiver. Agreeing to be searched or monitored at anytime. Because this home is after all a government facility lolz.
well even before the banks started to own that stuff, they already owned usa and other countries for years. DEBT means someone OWNS YOUR STUFF but lets you believe it's yours as long as you assure you will pay him/her back. china owns the usa for example for they are their biggest debtee and they have debts for themselves. where does it all end? who is the master creditor? is he/she to blame? or are the countries who took the credit to blame for their stupidness?
00Kaleidoscope00 1 week ago
Watch the video "The American Dream" by the Provocateur Network here on youtube! It's time for a rEVOLution!
elektrikcity 5 months ago
this is a bloody mess right here.
doctorw2 1 year ago
The bank bailouts were just to protect the value of the dollar and therefore protect the value of any money anyone has saved. Who has the most saved and or invested in banks? It's all very obvious to me.
dew02005 1 year ago
having watched a few of your videos I have come to the conclusion that TARP was bad, actually I came to that conclusion a long time ago. What I now need is a deeper understanding of who wrote the legislation, who signed it, and little details like are we getting interest on the money and how much. I wish you would back up a little and give us more details on the evolution of this problem.
I like what you are doing so far, but it is now time to move the debate into the voters booth.
Zyworski 1 year ago
I trust the government more than I trust private industry, fella. If there's anything you should be learning from the foreclosure crisis, is that private industry can't be trusted.
monkeyman1140 1 year ago
Tear it down.
eatandtravel 1 year ago
These days the people that don't wanna work gets it all !!!!!
acechoice45 2 years ago
He's right.
During an RE bust in Colorado a few years back, the Housing Authority would buy up abandoned condos. They would take your money, renovate and move in Section 8 people. I was the contractor doing the renovation,
Scumbags would move in and 6 months later I would be renovating the same unit that I had fixed.
They would move in from other local crime ridden cities. Just imagine what they did to home values in what used to be stable neighborhoods
breckandy 2 years ago
He is right on this. This has occurred before, where an economic crisis has been capitalized on by the bankers. In that instance, it was a manufactured economic crisis for the purpose of banker profiteering. Similarly today, a mass transference of wealth, in the form of both money and real property is being taken from ordinary Americans in the form of foreclosures and tax debt, and being given to the bankers. And we just look at it with dumb cow eyes and take the coming slaughter.
myopicseer 2 years ago
where do you think your billions went straight into your fat cat CEOs pockets.
Utube7372009 2 years ago
So, they want to direct the world into a dumb poor slave population and a rich one, serving them out of fear.
*The ones owning and controlling everything. It´s not about money anymore, only about power, and money is a way to execute power.
whatthehell81 2 years ago
It´s all about power. The wealth transfer (symbolized by money) from the middle class to the rich, was a plan well executed by the trillionars*. Even the number if the billionars was cut in halth over the last few years.
The middle class is the one thing the rulers are most afraid of. Because with wealth, comes the power to put the imaginations into everyday use for everyone, except the riches that loose control, with inventions coming from good from within the middle class.
whatthehell81 2 years ago
mother nature will bury Cali under a mile of water....Might as well! Cali has been a putrefied sore for the last decade
remnant1978 2 years ago
remnant1978 must be from S. Carolina
ThePatriotHour 2 years ago
It's all sand there. Get the out to somewhere with grass and normal trees buddy.
seanseanseanseansean 2 years ago
Keep up the great reporting George.
It's a shame are largest media corporations are still lying to the citizens about what's coming down the pipe ... and it's alot worse than anything in a septic tank.
Banks and governments trying to own all the overbuilt housing tracks we have won't work.
People need good jobs and money to live in all these houses ... it just won't happen.
theroilsoil 2 years ago
Good stuff guys!!!
kennyk62 2 years ago
Two words ... 3rd World.
Welcome to the new Republic.
theroilsoil 2 years ago
have you ever heard of 40 acres and a mule...
rystube 2 years ago
I've been stock piling ammo, food and water.... What else can we do?
Balzy73 2 years ago
WATCH SPAGHETTIOS ON STICK N STONES TV
gunzkillu 2 years ago
the middle class is destroying america!
gunzkillu 2 years ago
thanks asshole
patman173 2 years ago
UR WELCOME JERKASS!
gunzkillu 2 years ago
The single wide was probably the sales office.
vashguud 2 years ago
Great video. The landscaping is wrecked, weird seeing the date trees collapsed from lack of water, parched. mines bright green on the patio in cold wet michigan october.
AM429 2 years ago
You gotta Good Vid here, wait till the dollars crashes, and that soon to come,
Just look at what and who wants it gone,
Maybe change the heading and some more will watch this!
MYFreeSpeach4U 2 years ago
When commercial RE prices fall it might be a good idea to pool funds with friends and family to buy one of those - hire live-in security, start a garden, install solar energy and water filtration, and you've got you're own defensible "enclave"
The future may wind up lookin' like Snow Crash (Neal Stephenson) only a little more raggedy.
Land would be better of course - with a well and efficient structures in which to live.
I wish these were available here:
carre-detoiles. com
i-domehouse. com
cmstyz 2 years ago
Federal Reserve is a Private Bank that loans the US it's federal reserve debt notes. Bailout happened because of CDO's Commoditized Debt Obligations. Mortgages were sold off as AAA securities, when they were NOT. Foreign investors were calling for their face value, which would have wiped out ALL the banks here in the US. Once the mortgages are sold to a company called MERS, the banks no longer have standing in court to foreclose...look it up...great info...possibly 60 million mortgages FRAUD..
impalapez 2 years ago
looks like they owe us taxpayers houses to live in we the people paid for it-them
robbed robbed robbed
fortherichbytherich 2 years ago
The end game is the Re-wilding of America and the concentration of the people in sprawling cities.
I've always tried to take Alex Jones with a pinch of Salt but this looks suspiciously like "Agenda 21" in action.
dmurphy25 2 years ago 2
One aspect that pisses me off about this whole thing is the labeling of subprime crisis in articles and books. All Housing and Construction has crashed yet they still want to falsely blame subprime when in fact the crisis is by design. Now it will go down in history as Subprime Crisis 2008. Complete bullshit.
Anothercoilgun 2 years ago 2
People shouldn't live in a desert.
SatwaMan 2 years ago
The billions have not been spent. They are being slowly released to responsible projects. The money has NOT been spent yet.
SatwaMan 2 years ago
Your being sarcastic right?
Michael7893 2 years ago
sell tickets for the new ghost towns!
sealhunter5 2 years ago
Stagflation ahaed......
SilverRose09 2 years ago
issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
youbeast 2 years ago 2
Thomas Jefferson's Warning To America
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the
youbeast 2 years ago 3
If the US people only knew who really is running the United States they would revolt.
Napalmreaper 2 years ago
If you DON'T think that the US will collapse further, then you need a dose of reality. We have to fall a LOT farther before we see a bottom. When there is 30-50% unemployment and thousands of people are standing in daily government funded bread lines, then we might be close to the bottom.
kja5 2 years ago
You mean food stamps?
34.4 million people are getting those already.
Peridolin 2 years ago
boy george i wish i could e-mail u.money give away here in detroit,u gotta see this crazy.fights,5ooo applications for assistance,many more thousands show around the city,lined up last night.stimulus money to help(pay)detroit residence only i think.
ducklamb1 2 years ago
A total of 13 trillion was given to financial institutions because they are in charge. The USA is done as a nation.
rollsthepaul 2 years ago
Michael Moore calls this Capitalism, but it is Fascism.
Wall Street & the banks through the Fed and Paulson/Geithner have socialized the losses while keeping all paper profits private. They took TARP money, wrote up their assets when M2M was repealed and now they are paying themselves fat bonuses with what amounts to taxpayer money or debt.
TARP should have went to the homeowners to reform the loans. These pricks belong in jail.
Obama is no better than Bush. Game over.
666sigma 2 years ago
George is back!
felixdov 2 years ago
george do you think america will fall
rogerrabit123 2 years ago
Wat a moron. If he spent more time reading substantial information and less time watching Clusterfox channel, he'd know that 467,000,000 has been repaid by 7 banks, college and university funds have paid back 70 million, citibank has repaid most of it's money.
Get your head out of Beck's ass and get in touch with a little reality.
172677 2 years ago
WRONG. Citi is still 60% plus owned (in stock) by the US Govt. . The Fed has not returned those repaid funds to the US Treasury / General Fund.. and to top it off.. the $467mm is a drop in the bucket compared to the $12 Trillion that was backstopped with guaratnees and bailouts. There is only one 'person' on this board with there head in brown sand.
clarkbaker 2 years ago
This comment has received too many negative votes show
It's been my experience on these YouTube "forums" that most of the people here have their head firmly placed between their legs.
I and others I know come on here for the laughs...... and to stir the pot of the disenfranchised wingnuts.
Don't think for a minute that this is some kind of intelligence-based forum... This is a place for the basically stupid to comment on other basically stupid peoples videos...
Some of us are merely snipers who reply for the reactions you nuts present.
172677 2 years ago
Translation:
"Don't read! You might learn something, God forbid!"
I wonder if they can pull a Fahrenheit 451 on YouTube...
DaShroom 2 years ago
Nice way to try and make yourself feel superior you insecure, kim jong wannabe, prick.
okvideos5 2 years ago
okvideos5 is an Asshole. This Guy Speaks the Absolute TRUTH, and before the end of 2009, we will see that Second Economic Crash We Predicted months ago........ThePatriotHour
ThePatriotHour 2 years ago
DUDE I love George..(the guy in this video) My comment was to a real asshole. I KNOW he speaks the truth. This should be on TV.
okvideos5 2 years ago 2
Ok, I don't actually love George. I love the information he is giving and the values he holds.
okvideos5 2 years ago 3
Sorry to disappoint....but, I'm female.....I relate more to -- say -- Hillary Clinton or Judge Judy.
You, however, seem to relate more to -- say -- tinhat wearing teabaggers or, maybe a sexually confused male with penis envy.
172677 2 years ago
Penis envy is strictly a female only condition. The reference to Kim Jong has to do with how the dictator thinks he is superior and smarter than everyone else but he is really a dumbasss. Not his looks. You compare yourself to Hillary or Judge Judy? I'm very sorry about you losing out in the gene pool lottery.
okvideos5 2 years ago 5
Nope, penis envy is what most men have....when they see how little their own is and what little power it contains.
Most men are totally irrelevant to the human condition, for sure.
172677 2 years ago
you are the best George! Thank you very much again
koochimon 2 years ago
Yeahhh I am buying up gold mines in Canada for maximum profit. Candian $ is setting new 52 week highs.
Adahondeayenh 2 years ago
YOU AGAIN SAVED THE BEST TO LAST
timelesstruths 2 years ago
the banks do not own that slum we payed 27 trillon for all there bad assets dude the goverment owns it now and all the det on all of that just gets biger and biger it was a scam from day one on the taxpayers and when the doller flatlines the gov will come for your homes and biz and land cuz the rates will go so hi you will not be able to pay your land tax or run a biz or pay for your home
evilbrainman1 2 years ago
the bailouts that bush started went to CEO's golden parachutes for purposely failing. Everybody knows that.
TrustKovacss 2 years ago
Where is that location located at? It is Palms Springs or La Quinta?
SilverRose09 2 years ago
The banks have $500billion parked on the Fed, they got the money and they got the RE. They are holding the foreclosures and they don't even paid for the property taxes. That tells you that they are in good position. No they own it all.....
SilverRose09 2 years ago
Even the little Oompa Lumpas could have had their jobs outsourced but Charlie was a true patriot. He wouldn't buy Faded Glory for his workers.
ghosty426 2 years ago
So, stop and think. We wouldn't be in these dire straights if our jobs weren't sent to other countries. We can't be prosperious and mfg nothing.
ghosty426 2 years ago
End the Fed.
stormcrow2525 2 years ago
Nice to see that you have chosen an reliable Volvo =)
Seoshinawi 2 years ago
I just seen on the news that NASA was laying off 550 subcontracted rocket builders. What a trip huh?!?! And some people think its getting better out here?
TheSubterraneanTruth 2 years ago
Thats good news. We need less bloated government, then we may have a chance of recovery. Unfortunately government continues to get bigger.
skyding8962 2 years ago 3
Excellent vid George! The bubble is definitely not done bursting yet - houses are made like crap and people are starting to realize it as money is getting harder to come by
danboone143 2 years ago
hold on whats wrong with the distrubution of the land? isn't that what happened back in the old West? to get people to own and invest in building ? why is it now a bad thing?
tacoma101 2 years ago
Why are the homeowners not taking care of the common area?
JosiahsBackpack 2 years ago
it seems the volvo does a good service :)
vomit55 2 years ago
Im surprised George hasn't done a video on the Dollar collapse with the arabs.
skyding8962 2 years ago
I-4 ,Deltona,Fl was piped and roaded in the 60's..developed for 40 years its massive today..500 an acre then 80,000 half acre today
thetruckerbuddy 2 years ago
Yep....martial law means bye bye American freedom.
GaGirlie777 2 years ago 4
It would be one thing is this is just happenstance, but this is all deliberately being done . War on the American people.
GaGirlie777 2 years ago 2
They should do a boundary adjustment and add the common areas to the existing lots at no extra charge. Then the upkeep is on the property owners, and it benefits both parties.
pretorious700 2 years ago
I would rather live in a tent than pay $1485.00 each month to live in one of those sheot holes. Im a mountain man with a big focken knife.
Fockersnextdoor 2 years ago
I bought a condo in Bangkok for $17,000.(I'm living there now) And about 10 acres in Isaan for $ 4,000. The US is about to collapse under it's own weight. It's sad to witness, but who is to blame?
pretorious700 2 years ago
Thanks George, the collapse is right in front of our eyes, and almost no one has the courage to say so. At least you are showing us places that ought to be inhabited and thru some monkey business, they're sitting empty. This is truth, not the jibber jabber out of DC...
spoiledbrat1440001 2 years ago 2
Yeah, the collapse is slowly happening, but I think that we are heading toward the great drop. Once everyone is on their head, then they'll have no choice but to see reality.
GaGirlie777 2 years ago
if real estate is not appreciating by at least 5% a year, there is no justification to buy it when rent costs are 50% cheaper, and dropping. housing is a liability; but realtors punp it and call it an "investment". this is the greatest diservice anyone can do, when the home equity markets are dropping or are not appreciating; its a NET loss. I will NEVER buy a house again, after what i've learned.
psbyowner 2 years ago
PSBYowner did you even look at the brochure George was holding? Rent starting at $1450 a month, I pay less then $600 for a mortage, Deposit required subject to you credit, who knows how much that would be? You could buy a house now and get $8000 from the Goverment. What's to stop a landlord from jacking up your rent when your 1 year lease is up to anything he wants, or he could get foreclosed & you would be out on the street.
Don't buy a house as an "investment" buy it as a HOME, geeez.
valhala56 2 years ago
sorry, i dont buy that. i think you are simply wrong.
first thats brochure is from when those houses were 450,000 or whatever. second the point of the video is that thereis a glut of rental properties. more power to you if you buy a house to be your home; your right that should be the first consideration. but realtors always refer to housing as an investment, and thats just not accurate in a stagnant market. rents are going down.
psbyowner 2 years ago
today, property managers are like putty in your hands... and it will be like that for years. they dont want to lose their tenants, when there is plenty of other, cheaper properties people can move too. the market dynamic is lower prices.
psbyowner 2 years ago
ok, so you got an interst only, ARM loan. isn't that the type of thing that put us here?
psbyowner 2 years ago
@psbyowner, I agree with you on people decieving people into homes as an "investment" That also goes for plenty of other so called "investment or Ponzi schemes that people were decieved into. How did this happend? Greed, & self importance. No I don't have an ARM my house is less then $100,000 thus a $600 a month payment-about the same as rent here. Can't be kicked out cause the landlord got foreclosed on or have my rent raised because of inflatation. You are in a little box my friend.
valhala56 2 years ago
common areas more than double the costs of land banking, or any real estate investment. there was a common areas scam for a while during the boom. that money disappears, it's not a tax deduction. now they want to eliminate homeowner tax deductions. and after you consider deficiency judgements, why even consider "investing" in a house? not to mention maintenance for all that cheap plumbing and otherconstruction cost cuts during the boom. R.I.P. housing.
psbyowner 2 years ago
Pretty scary there in Cali, hope it doesn't spread.
mja2035 2 years ago
Hope will not put food on the table if the banks seize up. Look for an extended period of desperate anguish as defaults flood the housing markets. The period looks to extend for many, many years. Question is: Can we absorb the impact of economic contractions in a jobless recovery? There is a lot of stress out there. People are experts at hiding problems, particularly when it comes to money. The offering of debt relief services on audiovisual media is absolutely shocking, very shocking.
curiousEGM 2 years ago 5
gold just broke through the all time high of 2008
Mongodelight 2 years ago
Impressive, to say the least.
schloken 2 years ago
People don't see this right now in Washington D.C. or Northern VA. I have been to Detroit once a year for the last 5 years and you can physically see the collapse. But in richer areas people don't notice the economy nearly as much. They will soon enough though. Keep spreading the word. Cheers
measax 2 years ago
Hey, this is what our planned economy will look like! Wage and price controls coming down the ramp...unless we realize our duty as proud citizens and "alter or abolish" as prescribed by the founding fathers in situations like this.
Welcome to the feudal USSA. Don't believe it? Stop paying property taxes and tell the IRS jackboots you don't want to pay 'rent' anymore.
redmolotail 2 years ago
I dont see how you connect planned economy and feudalism. Feudalism existed without a planned economy. Epic fail in your analysis.
But you might be right to suggest that the economy system under which the US has been thriving, capitalism, naturally leads to a society organized like a feudal society.
TheCZMan 2 years ago
"Like" is more relevant. I don't know about epic fail. Its a comparison and an idea. An epic fail would be saying that you should buy a house at the end of 2005 and misleading the whole country.
But realistically, we're fascist. A corporate state. Matter or fact, THE UNITED STATES has been a corporation itself since 1871 and all government entities are as well. Corporations aim is to cut cost to maximize profits. Employees are costly. And here we are. Mandatory Health Care, car insurance, etc.
measax 2 years ago
This is heavy stuff. Another great video from George, thanx alot.
TheSubterraneanTruth 2 years ago
George, You must be conveting your
latest GOOGLE checks into crispy cremes. Watch your health with the
coming VIRUS. Take care of yourself.
RedDawn2009 2 years ago
Look for more "squatters" in CA, it's a big time problem in FL. People just move into the vacant houses and live there. Nothing can be done by the cops, the owners (the banksters) have to evict the people. In order to evict they have to know their names. Trespass laws apparently don't apply, due to adverse possession laws.
In FL, squatters have moved into million dollar homes. Homeless advocates are helping them locate vacant properties to move into.
prescottbill 2 years ago
Bank reserves are up from 2 billion a year ago to 800+ billion now. They are keeping their money "in the bank". When the lending starts, they will be able to loan 6 trillion dollars based on current reserves. George will have to change the name to HyperinflationUS.
Gold has hit a new high today.
prescottbill 2 years ago
Greetings from France.
slobomotion 2 years ago
where will the people hide that work for the banks as you know they will be first on the list. i would not like to work for a bank as people get mader and think about getting even
hotae333 2 years ago
He makes a mistake here, saying "socialization." I think he means fascism. If the real estate is owned by the banks and the government bails out the banks, and corporations and the government have become as one, that is fascism by definition.
slobomotion 2 years ago
It's the combining of government and corporate power, which by definition is facism.
Str8TalkNow 2 years ago
Whats the banks or the government going to do with all that property it looks poorly maintained?
bennmug 2 years ago
You can feel it in your Soul, Something Big is about to happen. There is a reason for all the craziness and grief. Notice all the fear mongering?
The Creator of Mankind is about to Retune, Good news for some, not for others.
Some are so frightened they dont want to know the truth. Time is running out for Evil. Is it just a fray tale? Can you not see what is going on around you?
StigmataBOB1 2 years ago
a metaphor for what obama has done to the nation....
mallardhead 2 years ago
great reporting mate!
Robonza 2 years ago
wonder how long it will be before some of these vacant rental areas might be struck by 'wildfire'....just a thought....
cv1122 2 years ago 3
Nice to see you George.
airborne373 2 years ago
We have the same developments, community centers, developers (DR Horton, etc.) here in Texas. The land is very cheap, new homes averaging $150k. The ones that aren't selling are in the $300k+ range. People who own homes are hunkering down. I am seeing a lot more FOR RENT signs.
papaboule 2 years ago
Thanks george. Yes...the bailout bubble will POP!
campeona5 2 years ago
George Thanks For showing what's happening out here in California.... here in Bakersfield it's similar but not as bad as in L.A. or the more expensive areas in Ca.
randynacol2002 2 years ago 2
We have the same problem in Ireland. We have lots of hotels that should have never being built in the first place. The banks have taken over these failed hotels and have slashed prices to next to nothing. The banks can do this because they've received billions in bail out money, viable hotels however now can't compete and are closing down all over the place. This is what happens when the government interfers with the market.
Finnbar01 2 years ago
I wonder if this was the plan of "Agenda 21"
yinghonghaohan319 2 years ago
Thanks for the up to date news George,love your channels man....
KhmerSerey1 2 years ago
Good video George. We're being turned into a nation of Communists quietly but right out in the open. And most Americans are still just oblivious to the entire thing. We're gonna pop and bleed out all over everything. This is all going through the floor. Get ready... Keep preparing. I hope everyone is listening and paying attention.
veritasfiles 2 years ago 3
great video.
5starrater1 2 years ago
this explains things well, thanks for making this vid
fan1b0z 2 years ago
Those Mountains in the background are so beautiful.
Pnkbong 2 years ago
Those broken down palm trees look like the banker's dicks.
mcgrawtim123 2 years ago 3
Market Manipulation courtesy of JP Morgan Chase
/watch?v=mXmNpdYpfnk
Do people now understand why Jaimie Dimon doesn't support a FED audit.
TheLiberalssuckdick 2 years ago
Why do people keep throwing their money into these securities when they are all hollowed out and fraudulent...because thats what the market analysts are telling them to do. Until people wake up and realize the stock market is a sham and the dollar is doomed, the ball will keep bouncing. However, the day of financial calamity is near and when it happens God Bless Us All!
jlailman 2 years ago 2
Goldman Sachs upgraded bank stocks this morning. I guress Goldman Sachs still has lots of shares to sell the the sheep who think the stock market is going up for the long term. No shame !!!!
TonyUnplugged 2 years ago 2
Great work. You just reinforced something I've been saying for years. This false economy has been rolling for many years. When the shit hit's the fan, you'd better get your ass out of there!
Rockholm66 2 years ago 4
Excellent footage George. Great info too.
oldreliable1 2 years ago 3
The Greatest Transfer of "Non-Wealth"
That wealth never existed!!!
SchiffnShive 2 years ago 2
The demise of the dollar
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
louis12346 2 years ago 6
great
toshibavoodoo 2 years ago
You can bet that kids and vandals are destroying the inside of those homes. They could actually render them uninhabitable. More of our money going down the drain.
MsIMListening2U 2 years ago
I think our biggest problem at the moment is the American peoples denial of the situation. This looks to be a more serious problem, than our countries finances. If they don't get their heads out of their asses, we are facing a Mad Max scenario when the dollar slams through the basement floor, and so many are caught off guard with hyperinflation, no jobs, and no preparations = starvation...
surviveTHEtimes 2 years ago
Hi George, very interesting vid, great stuff,
brent4go 2 years ago
George - You make it sound like Section 8 housing is the worst thing in the world. Maybe if the free market had chosen to build low and moderate income housing in these areas that you tour; there wouldn't have been a need for a housing bubble and NINJA loans to begin with. Consider if housing had been built that properly reflected the economic opportunity of a given area. Isn't that what sustainability is all about?
ShakeitUp09 2 years ago
Did the palm trees give up too? Why were they all messed up?
surviveTHEtimes 2 years ago
Thanks for the chuckle! I needed that. :>)
MsIMListening2U 2 years ago
Okay,but how does this effects me in Philadelphia,Pennsylvania?
TrinidadLineage 2 years ago
The banks pulled this crap back in the days leading up to and through the great depression.
Don't worry, we will be suffering from the dollar collapse in the next year, and getting our new currency. Maybe most of us will be dead from the swine flu vaccination, that none of the doctors and nurses I know, are willing to take.
Who knows? See what happens when you let criminals in your government? They got rid of the private Federal Reserve once, and they slid back in. AUDIT THE FED BILL!
bigc028282 2 years ago
Interesting piece George
aybesee123 2 years ago
some people will never learn. this going to happen again in the future.people you must save the money.
MrSyntha6 2 years ago
The banks will bulldoze the houses to bring up the value after the write off the debt and give it to the tax payer.
smhutson 2 years ago
Biggest news of the day is that the Middle Eastern states are working with Russia and China to trade oil in a basket of currencies and dump the dollar. I can't wait for tomorrow and see what the ramifications are. By all measure right now, gold and other precious metals are having a healthy surge on this news.
dabruin2 2 years ago
The banks are cooking the books by declaring that their junk assets are worth much more than they really are worth.
It's a big LIE!
DEMCAD 2 years ago 4
DEMCAD - If they didn't lie, then those assets would have to be valuated at less than 15% of 2007 values. That would have crashed the banks and the international derivatives market beyond the rescue capability of the G7. This is why they cooked the books. Don't forget that AIG didn't have the money to back up those loans either. A default would have resulted in a worldwide collapse. So you either accept the lies or we would have ended up insolvent begging for China to save us.
ShakeitUp09 2 years ago
It's possible to assume that most of the bailouts are siphoned into the military's black budget..
kancerzx 2 years ago
yes, the endgame-->socioeconomic collapse of the American States, and the whole nation. Also for another note: towns, cities, counties, States will sell off assests and infrastructures to banks, the US Government and other domestic and foreign entities inorder to generate revenues, reduce their debts, and continue to operate.
powermousey 2 years ago
It seems like they're manipulating rent down to ease the costs for those unresponsible folks that defaulted on their loans so that they have some money leftover for partying. It seems like they manipulate the finances of the nation to foloow and favor the unresponsible.
damania 2 years ago
Exactly. It was on purpose too. We are dealing with an engineered collapse. Stay safe out there. It's going to get worse.
beegeezee505 2 years ago
Fantastic report george, and a brilliant summary.
The best yet m8,
thumbs up.
contactchoco 2 years ago
great report george...
aceyorba 2 years ago
In Vegas rents are going down as well as housing prices.
truthsabre7 2 years ago
Places like Las Vegas should be given back to the desert. That city was a colossal waste of resources from the beginning. The sun belt states need to be, for the most part, abandoned. The water resources no longer exist to support these places.
joel1923 2 years ago
@joel1923 Wait.. the all of the sunbelt states.. Stretching from CA to the Carolinas??
Cyrus992 1 year ago
In Detroit, property values have fallen by over 90% and I'm not exaggerating. I was offered $150,000 for my house in 2005 and now it's worth about $10,000. I didn't sign up for that!! When the media talks about how property values have dropped by nearly 30%, what planet are they living on?
Iambusy3 2 years ago
so the banks basicly own the properties... and many of those banks are going under leaving the JP morgans and Goldman sacks of the world to aquire those banks, in turn becoming the owners of all the property, and next america?
RightBrainSane 2 years ago
What happens when the $8000 Tax Credit ends and they bring in the $15,000 Tax Credit, which they may try to say that they are fiscally conservative and bring it down to $12000 Tax Credit?
rayme4raw 2 years ago
The tax credit won't go up to 15,000 anytime soon, i've been tracking that bill since it was introduced because I qualify for first time homebuyer, and its just been stuck in the finance committee for months. Its a long way from being passed, trust me.
michaelencarnacion 2 years ago
This is an excellent post. This is what the future will look like. Bombed-out suburbia converted to public housing with the government as the communist landlord for the rental serfs because the mega-wealthy don't want it, they keep only the good assets for themselves. People need to see through the corporate/government veil to understand how they are being manipulated.
nigsvon 2 years ago
um, tomorrow the NWO starts poisoning our kids with the weaponized live virus vaccine mist.... can we talk about that?
gomogi1 2 years ago 3
I know, people are still in the dark about the vaccines. They know that the regular flu vaccines never work, but they still get it. I think that it's the NWO's last desperate gamble to sterilize and kill as many people as possible. It only took 10 weeks for the last Swine Flu Vaccine to cause a huge backlash, so I have to stay vaccine free until at least December. Stay safe and one step ahead.
rayme4raw 2 years ago
You are now member of the Nationalist socialist party! The government and the corporations getting paid by government knows best! OBEY! Just like the good Germans did.
davincij15 2 years ago
Crazy Stuff wow unreal like a war zone or something out of a scary movie.
davincij15 2 years ago
Zimbabwe here we come :(
DesireG 2 years ago
Pot's only half legal...they need to sell it in all stores & charge sales tax.
alycephoto 2 years ago 2
Yeah..that will solve all our woes...
SchiffnShive 2 years ago
CA is going to have to legalize pot, just to stay afloat.
alycephoto 2 years ago
it is legal
canarsiemarsie 2 years ago 2
Re-Distribution is their plan. Like you said, us taxpayers and homeowners are SCREWED.
dixiegirl999 2 years ago
What part of CA.. are you showing?I agree about section 8. If they do that. It will be like living in the projects. Marina.del rey. prices still high.
canarsiemarsie 2 years ago
palm springs
InflationUS 2 years ago
well what about agenda 21?
Isawanangel1X 2 years ago
What's the endgame?
Collapse.
rd2694 2 years ago
sad.
BackBurnerNews 2 years ago
Yeah some day they'll say sure you can move in off the street and live in here. But first you have to sign this 4th amendment waiver. Agreeing to be searched or monitored at anytime. Because this home is after all a government facility lolz.
milleniumproof 2 years ago