All this manufactured wealth, inflated value and bullshit equity only furthers the problem.
I'm looking forward to a "pure" market (as much as is possible), where home prices bear some semblance of a relationship to what folks can truly afford. Frankly, in a non-manipulated housing market, I'm higher up on the food chain.
Now that folks will actually have to prove their income, and make payments toward more than just the interest on loans, houses wont cost 500K on average anymore (for a shack built in 1945). And the brilliant young lawyer with a nice amount of debt (but with a likely longstanding means to pay a mortgage) is suddenly a more attractive buyer than the individual who works at Pac Bell allegedly earning 11K per month. (Okay. sure.) To this I say, Amen!
...so that these dumb asses who didnt know a variable rate mortgage from a fuckin whole in the haead can save their homes at the expense of folks like me with no house (for reasons discussed above) and no kid.
"Oh Shit! ... GMO Food Sterilizes People ... And It's Really A Form of Population Control?"
"There was of course no way of knowing whether you were being watched at any given moment. How often, or on what system, the Thought Police plugged in on any individual wire was guesswork. It was even conceivable that they watched everybody all the time. But at any rate they could plug in your wire whenever they wanted to. You had to live—did live, from habit that became instinct—in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized."
INTELLECTUAL INSURRECTIONISTS
Alexander King, Bertrand Schneider - founder Club of Rome - The First Global Revolution, pp.104-105
"In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill ... All these dangers are caused by human intervention and it is only through changed attitudes and behaviour that they can be overcome. The real enemy, then, is humanity itself."
Were We All Kunta Kinte? Or Are We Also Mansa Musa?
Plantation Negros & The New World Order
Illuminati Want My Mind Soul & My Body - A DV Joint
Barry Goldwater 1909-1998
"Extremism in the defense of liberty is no vice. And moderation in the pursuit of justice is no virtue. "
Robert Mugabe Speaks To Thunderous Approval At Harlem's Mount Olive Baptist Church
The Honorable Elijah Muhammad
"It Is Easier To Change A Man's Religion Than It Is To Change His Diet"
Private Prison Industry
2,000,000 human beings in American prisons and counting
IS THIS LITTLE GUY A PERSON?
The founders of the American state understood that the proper functioning of a democracy required an educated electorate. It is this understanding that justifies a system of public education and that led slaveholders to resist the spread of literacy among their chattels. But the meaning of "educated" has changed beyond recognition in two hundred years. Reading, writing, and arithmetic are no longer sufficient to decide on public policy. Now we need quantum mechanics and molecular biology. The knowledge required for political rationality, once available to the masses, is now in the possession of a specially educated elite, a situation that creates a series of tensions and contradictions in the operation of representative democracy.
Greater Display of Conspicuous Consumption?
"Unthinking respect for authority is the greatest enemy of truth.”
Margaret Sanger. Woman, Morality, and Birth Control. New York: New York Publishing Company, 1922. P
"We should hire three or four colored ministers, preferably with social-service backgrounds, and with engaging personalities. The most successful educational approach to the Negro is through a religious appeal. We don’t want the word to go out that we want to exterminate the Negro population. and the minister is the man who can straighten out that idea if it ever occurs to any of their more rebellious members."
Louis Pasteur
"The Microbe is nothing. The terrain is everything."
A DV JOINT
Ask Denmark Vesey
DenmarkVesey1822@hotmail.com
Chris Hedges Warns of The Dangers of The "New Atheists" and "Secular Fundamentalists"
Beverly Johnson. Beverly Hills. 1978
Do You Consider Yourself:
"Bra! Tell Me About It!"
"Most of the trouble I have had in advancing the cause of the race has come from Negroes."
Is President Barack Hussein Obama The Driving Force Behind US Policy?
Ted Turner - CNN founder and UN supporter - quoted in the The McAlvany Intelligence Advisor, June '
"A total population of 250-300 million people, a 95% decline from present levels, would be ideal."
Lord Bertrand Russell, The Impact of Science On Society (Routledge Press: New York, 1951).
"At present the population of the world is increasing at about 58,000 per diem. War, so far, has had no very great effect on this increase, which continued throughout each of the world wars.. War has hitherto been disappointing in this respect, but perhaps bacteriological war may prove effective. If a Black Death could spread throughout the world once in every generation, survivors could procreate freely without making the world too full. The state of affairs might be unpleasant, but what of it?"
Denmark Vesey For President 08
1. Troops Out Of Iraq Immediately. Like By Monday. 2. Money Owed To Haliburton and War Contractors Be Given Directly To The Iraqi People 3. Complete Electoral Reform 4. No Corporate Conglomerate Will Be Allowed To Control More Than 5% Of News Market 5. Federal Reserve Abolished 6. For-Profit Prison Industry Abolished
*George Orwell (1903-1950) English novelist, critic
Men can only be happy when they do not assume that the object of life is happiness... If liberty means anything at all, it means the right to tell people what they do not want to hear... The great enemy of clear language is insincerity... The quickest way of ending a war is to lose it... To see what is in front of one's nose requires a constant struggle... For a creative writer possession of the truth is less important than emotional sincerity.
“The technotronic era involves the gradual appearance of a more controlled society. Such a society will be dominated by an elite, unrestrained by traditional values.” – Zbigniew Brzezinski
God Don't Make No Mistakes
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Gordon Parks 1912-2006
"I suffered evils, but without allowing them to rob me of the freedom to expand."
6 comments:
It's actually a double-whammy.
Housing bubble busting...as well as currency bubble deflating.
So, the drop in price is even worse than it sounds - with the declined dollar value in addition.
Yup.
Good point Byrd.
From a mil to $700K when $700K is really worth about $310K.
^ Yup. Lol.
OUCH. :(
Really, it would have to go up to about $1.3 mill...just to BREAK EVEN. Much less tank $300K...
THANK YOU FRB!!!!!
Buy low, sell high.
play the currency game in between.
Let it all cave in.
All this manufactured wealth, inflated value and bullshit equity only furthers the problem.
I'm looking forward to a "pure" market (as much as is possible), where home prices bear some semblance of a relationship to what folks can truly afford. Frankly, in a non-manipulated housing market, I'm higher up on the food chain.
Now that folks will actually have to prove their income, and make payments toward more than just the interest on loans, houses wont cost 500K on average anymore (for a shack built in 1945). And the brilliant young lawyer with a nice amount of debt (but with a likely longstanding means to pay a mortgage) is suddenly a more attractive buyer than the individual who works at Pac Bell allegedly earning 11K per month. (Okay. sure.) To this I say, Amen!
Oh, and regarding any bailout...HELL TO THE NO!
...so that these dumb asses who didnt know a variable rate mortgage from a fuckin whole in the haead can save their homes at the expense of folks like me with no house (for reasons discussed above) and no kid.
FUCK THAT! I'LL MARCH ON THAT SHIT.
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