Lifestyle > Train of Thought
What can turn around this economy
IRAN iz Gangsta!:
real estate will bring it back if these banks stop the bullshit and let people buy and sell again
economy wont move until people can get something for their properties...most places are sitting rocket, not moving, that includes COMMERCIAL real estate. When u talk about real estate people think of their homes, no its all of it. Now days banks are not giving out loans easy so people are not buying and selling. Businesses suffer cuz they cant move their property, not just their business but those owners have several properties around the country and they cant move none of it, therefore they cut back on their business spending
its just a domino effect, and i think real estate will solve it....instead of banks sitting on a foreclosed home for 2 years and going back and forth in auctions and fake bids, they can just lower the price of the homes, eat up the cost and lets move on. They spend more money keeping the house cuz no one will buy it for let say $200K but there are those who will buy it for $130K so just sell the motherfucker.
Matty:
^^ that is a big part of the problem. but if real estate was left to reset to a real market price based on supply and demand instead of inflated levels being kept up through artificially low interest rates and government interference (tax credits, freddie & fannie), the largest financial institutions would be insolvent, many times over. they aren't foreclosing on people for long periods to desperately avoid having to mark these asset prices to market. loads more home owners with lines of equity credit would also be completely underwater, leading to a cascading series of defaults.
don't get me this wrong, this is actually a good thing and it needs to happen in one way or another so that house prices fall and bad debt gets cleaned out, but fiscal and monetary policy is explicitly geared toward perpetuating the financial status quo at all costs. these costs are gonna end up being epic, the underlying physical economy is getting weaker all the time, everyone will take a hit one way or another on housing prices and they will eventually fall in real terms anyway. america hasn't even got one of the worst housing bubbles right now (try the UK), but prices still need to fall considerably. and all so the oligarchy don't take a hit and the 'controllers' stay comfortably in the driving seat as we move toward more serious dislocation.
BiggBoogaBiff:
Niggaz tryna preach Reaganomix... wow get tha fuck outta here with that shit. Stop playin games
jeromechickenbone:
--- Quote from: M Dogg on September 13, 2010, 06:30:50 AM ---
--- Quote from: virtuoso on September 11, 2010, 10:25:02 AM ---
You don't seem to get this do you? they have not just stolen say 10 trillion from the tax payer, they took that, to then leverage that by the tune of 100 times, to cover the many derivatives bets and to kick start a further "valueless boom". The rise of the derivatives bubble is exponential and when there is nothing more to steal from future tax payers everything will collapse. There is no manufacturing solution, the west can not compete with slave states under the current paradigm. Yet when everything does collapse you will have an incredible pool of slaves to carry out what does need to be carried out, therefore making standards of living plunge, except of course if you are one of the 1 percent who will bask in incredible wealth and explosion of asset prices.
The world is indeed being made into a level playing field, 99% as disposable slaves to a master group and if you don't like it, well tough shit, because they are cutting welfare to. Making money out of nothing, and robbing us all out of nothing, it is almost like magic isn't it. As for taxes, what a sick joke, your taxes willl go and are predominantly used to service the debt, the bailouts mean the bonds are owned by the very people you have "bailed" out. Owned with your own money so as for the likes of this article, the slaves are just being mocked. It is the reason why they are so blatant in every aspect of the society, because the slaves are too stupid to understand or are so demoralised they don't even care.
Aldous Huxley's address to UC Berkeley included the excerpt "people will learn to live and accept a standard of living which by any reasonable standard they shouldn't.
Obama is scum, he runs nothing, Cameron is scum he runs nothing, these politicians are just tools, they make as many sweet heart deals as they can and then they get the fuck out, the slaves can go and fuck themselves, sub human scum anyway who are oblivious to their own enslavement and even make excuses for it.
--- End quote ---
--- Quote from: Jrome The Don Killuminati on September 13, 2010, 05:20:17 AM ---Poor MDogg, still falling for the BS paradigm of "dems vs. repubs". Dude, when will you understand that they are NOT the ones who control shit? They are all proxys / fronts for all the real players behind the scenes.
You might as well blame fuckin Tom Cruise for the US's problems, he's the same level as Reagan and damn near every other politician on both sides for a long ass time. They're all actors brah...shit you got Arnold in Cali, you think it's a coincidence who he's married to? His political position was planned out LONG ago. That fool isn't a political guru, he's a puppet.
If you insist on falling for the ploy that your tv tells you to and want to talk about Obama and Palin, at least look at who controls them - Henry "Heinz" Kissinger (you'd think after all these years he'd be able to better mask his german accent) and Zbignew Brezinski. Those two are some of the major power players that are at least visible...but there's more even behind them who never show their face.
Or maybe check out the Rothchilds and the 12 other families that own central banks in all but like 6 countries IN THE WORLD. These include Iran, North Korea, Cuba, and a few others that I can't remember off the dome right now. You think it's a coincidence that those countries are the ones we are always fucking with? It has shit to do w/ terrorism, oil, etc. It's these families who want complete control of the money supply in the world. Thats it. It's not rocket science.
There's the famous Mayer Amschel Rothchild quote that sums it up nicely:
"Give me control of a nation's money and I care not who makes the laws."
--- End quote ---
LOL... you guys are too much. I saw studies that people that believe in this thing you believe in are more than likely to be uneducated. Is this true?
--- End quote ---
Which part of my response are u referring to? As usual, u don't debate points, u ridicule and deflect from the topic that u started.
Ur tactics reveal that not only are u not built for this discussion, but u already lost the debate. And Lmao at asking about education. I'd put money on mine or virtuoso's IQ over yours any day. I have a bachelors degree in finance BTW, how bout u?
M Dogg™:
--- Quote from: Jrome The Don Killuminati on September 15, 2010, 08:53:52 AM ---
--- Quote from: M Dogg on September 13, 2010, 06:30:50 AM ---
--- Quote from: virtuoso on September 11, 2010, 10:25:02 AM ---
You don't seem to get this do you? they have not just stolen say 10 trillion from the tax payer, they took that, to then leverage that by the tune of 100 times, to cover the many derivatives bets and to kick start a further "valueless boom". The rise of the derivatives bubble is exponential and when there is nothing more to steal from future tax payers everything will collapse. There is no manufacturing solution, the west can not compete with slave states under the current paradigm. Yet when everything does collapse you will have an incredible pool of slaves to carry out what does need to be carried out, therefore making standards of living plunge, except of course if you are one of the 1 percent who will bask in incredible wealth and explosion of asset prices.
The world is indeed being made into a level playing field, 99% as disposable slaves to a master group and if you don't like it, well tough shit, because they are cutting welfare to. Making money out of nothing, and robbing us all out of nothing, it is almost like magic isn't it. As for taxes, what a sick joke, your taxes willl go and are predominantly used to service the debt, the bailouts mean the bonds are owned by the very people you have "bailed" out. Owned with your own money so as for the likes of this article, the slaves are just being mocked. It is the reason why they are so blatant in every aspect of the society, because the slaves are too stupid to understand or are so demoralised they don't even care.
Aldous Huxley's address to UC Berkeley included the excerpt "people will learn to live and accept a standard of living which by any reasonable standard they shouldn't.
Obama is scum, he runs nothing, Cameron is scum he runs nothing, these politicians are just tools, they make as many sweet heart deals as they can and then they get the fuck out, the slaves can go and fuck themselves, sub human scum anyway who are oblivious to their own enslavement and even make excuses for it.
--- End quote ---
--- Quote from: Jrome The Don Killuminati on September 13, 2010, 05:20:17 AM ---Poor MDogg, still falling for the BS paradigm of "dems vs. repubs". Dude, when will you understand that they are NOT the ones who control shit? They are all proxys / fronts for all the real players behind the scenes.
You might as well blame fuckin Tom Cruise for the US's problems, he's the same level as Reagan and damn near every other politician on both sides for a long ass time. They're all actors brah...shit you got Arnold in Cali, you think it's a coincidence who he's married to? His political position was planned out LONG ago. That fool isn't a political guru, he's a puppet.
If you insist on falling for the ploy that your tv tells you to and want to talk about Obama and Palin, at least look at who controls them - Henry "Heinz" Kissinger (you'd think after all these years he'd be able to better mask his german accent) and Zbignew Brezinski. Those two are some of the major power players that are at least visible...but there's more even behind them who never show their face.
Or maybe check out the Rothchilds and the 12 other families that own central banks in all but like 6 countries IN THE WORLD. These include Iran, North Korea, Cuba, and a few others that I can't remember off the dome right now. You think it's a coincidence that those countries are the ones we are always fucking with? It has shit to do w/ terrorism, oil, etc. It's these families who want complete control of the money supply in the world. Thats it. It's not rocket science.
There's the famous Mayer Amschel Rothchild quote that sums it up nicely:
"Give me control of a nation's money and I care not who makes the laws."
--- End quote ---
LOL... you guys are too much. I saw studies that people that believe in this thing you believe in are more than likely to be uneducated. Is this true?
--- End quote ---
Which part of my response are u referring to? As usual, u don't debate points, u ridicule and deflect from the topic that u started.
Ur tactics reveal that not only are u not built for this discussion, but u already lost the debate. And Lmao at asking about education. I'd put money on mine or virtuoso's IQ over yours any day. I have a bachelors degree in finance BTW, how bout u?
--- End quote ---
Starting my second year in a master's degree.
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