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

A second wave of home defaults will strike Banks in 2010-2012. Over $1.5 trillion dollars of bad home loans will threaten the banking system and risk economic collapse. Condensed from a 60 minutes expose.

Video response shows Option ARM reset chart 2010-2012

Category:

News & Politics

Tags:

• Economic
• Collpse

[dv2012]

This vid is from 2008

[PaulRevere2012]

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

[biospharms]

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

[fabianstraregy]

Very informative .



[gowidenow]

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

[biospharms]

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

BIOSPHARMS.

[kcozgrove]

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

[neurogence]

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

[robinliveshere]

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

[ehrydberg]

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

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

[ehrydberg]

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

[urbanecondetroit]

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

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