Underwater Mortgages; Michigan's Welfare System FLOODED
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I was new to America in 1998, and I had a friend working in a Ford plant (Detroit area). He said, that anytime he wants, he can go on Sundays to work there, and they will pay him $60 an hour to moves couple boxes (3x than normal weekday $20 pay).
At that time I had zero understandings of economics, but even I knew that this is unsustainable, and it will end in crash.
2 years ago 3
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who works 40 hrs @ $25 a hr ? i'm working 50@ $13
I want that guy's job
also a year ago i said to a friend he should split and leave that house and the bank behind he looked at me like he was going to kick me ass maybe it was the beer
anyway i say don't help people sinking they wont see it that way and will take it out on you
( silver is cool can't have to much )
2 years ago 3
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All Comments (248)
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dem dizzle... throwback
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I think as long as they get "some" cash flow the banks are happy for now. They just keep tallying the interest and principle and late fees. While they go after the houses/mortgages a few at a time. As long as they get some money they will probably keep you down on the list of foreclosures. The ones that pay nothing they go to the top of the list of foreclosures.
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BABABOOEY
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this country needs a wake up call, the govt. doesnt care, you can march and protest all you want, i think with-out physical removal of 90% or more of your elected current govt. they wont leave nor listen, greed of the govt. elite isnt killing this country, its the meek, self indulgent, lazy brainwashed, sheep of a puss population that doesnt have the nutz to do anything about the greed and teorany itself!
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your houses value is only based upon what someone can and will pay for it.
poeple need to get way back to basics. and basics is self reliancy the elite are in the process of barring the door of prosperity with laws and ideals. I feel bad for anyone who cant or wont farm or hunt because i truelly balieve the powers that be want to push 50-70% of the population back pre-industrial era conditions, or at least create a welfare begging state in the u.s. just my opinion!
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My deal on the housing subject is that even though i haven't had another appraisal since i bought my house a year and a half ago i know the value has gone down. And we were able to buy the house with 0% down so i know i owe more than it is currently worth on the market. But with current rental rates on something comparable it is a lot cheaper to stay in my home, plus i can do as i please with my property and not deal with a landlord. Renting gives absolutely no return on your investment.
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Nice closer with the coins.
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Halo2012, the key to being in the militia is to prepare by yourself and never have "group contact." I've just finished reading Lone Patiot by Jane Kramer. It's a telling expose of the Militia Movement of the 1990's and how the government was infiltrating and entraping the Washington State Militia at every turn. Joining a militia... You never know who you can trust.
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K guys..its now today- 11/26 and no one has done anything on the Yen and other currencies going bonkers- yesterday night I actually saw the changes over time..Ive never seen them move that fast...just a blurb..
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Demicad-Do you think the stock markets climbing will impact the job market at all? I ask because the MSM is constantly pointing to it as proof of recovery, but I'm just not seeing recovery on so called main street.
SeraphimTheApologist 2 years ago
The market isn'tcoming up. It's going down, becuase although the nominal value is increasing, the value in gold is decreasing.
DEMCAD 2 years ago
Nice silver. Did you get them in a coin shop? Online? Maybe, I should just buy silver coins and give them away for Christmas.
popcur 2 years ago 2
Online!
DEMCAD 2 years ago