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ourearthhome (May 23, 2008 at 9:23 am)
The "housing" crisis is really a land speculation crisis. If it was just about "houses", the improvements, there could no run up of prices since the supply of "houses" has been increasing. Remember supply and demand? The cost should have come down. But no, the cost went up and what went up was the cost of the land. The value that is going down is the speculative cost of land. The house itself does not appreciate in value more than the cost of building. Thank the AEA for clouding the issue
Mennion3 (April 24, 2008 at 11:52 am)
While everyone turn their backs and thank God that they are not those Godless men, all the same time the stock options of Halliburton double as men in suits who do no work but play with numbers gets a salary that can feed a thousand men for a month. All men created equal indeed.At the end, my only question for you is this.Are you angry yet?
Mennion3 (April 24, 2008 at 11:51 am)
But of course these predators won't let that happen even when hungry children walk this earth. How many gallons of milk went sour to inflate these imaginary numbers? How many fruits were left unpicked as hungry men wander the street looking for something, anything to get their minds away from their miseries?
Mennion3 (April 24, 2008 at 10:05 am)
The prey, these everyday ordinary people can't pay for these inflated prices anymore. Their jobs can't afford it, these parents who worked from Monday to Saturday on 12 hour shifts with young children to feed. They can't give anymore to satisfy the predators on top and these market will burst like a bush fire in the African savanah. It'll ravage and kill all until the rain comes and the cycle comes again. And these predators are afraid, will they find redemption when they become prey?
Mennion3 (April 24, 2008 at 10:01 am)
So the everyday person continues to work and fight each other for every little crumb dropped. This they did for decades, almost a century now. Now the people on top a panicking, these people on TVs and talk shows. They are panicking that went too far and that the market will burst. Like all food chains, the people on top, the predators also needed the preys or they themselves would starve.
Mennion3 (April 24, 2008 at 9:57 am)
Yet people still don't see the problems we face and quarrel over things that don't matter. They point their finger at their spouse and point their finger at the bank manager who is just doing what he's told as stock brokers continue to inflate the numbers. Sorry the numbers don't lie madam, we need to forclose your home. I'm sorry, but I don't know where you'll sleep tonight; while a vice president gets away with 3 million dollars in his connections with those same stock brokers and companies
Mennion3 (April 24, 2008 at 9:51 am)
...while every working man and woman wonders why is everything so expensive? Why is it so expensive to buy a home? Why is a carton of milk so expensive and the gas is so expensive? It's the war they say, and they're right. Taxes that should have been spent on business infrastructure, creating jobs are wasted on bombs and rockets. Each rocket costed maybe 100 jobs for 10 years. Enough to buy a home and feed a family. Enough so that only one parent has to work while the other can stay home
Mennion3 (April 24, 2008 at 9:47 am)
The problem is greed. People wanted to make money out of nothing, so they played with numbers in the values of everything. The value of a currency, the value of a home, the value of fuel. They inflate all these numbers so that they can buy from the low and sell high because everyone needs these things. With the profit they made, they didn't use it on building industry or creating more jobs but to again invest it in these non material numbers...
deathmetalpat (April 22, 2008 at 10:00 pm)
He now says that it will be worst than the Great Depression.Prices will need to fall to something like 1999-2000 levels.The whole time span since 2000 has been some kind of weird dream and now people are waking up.
TYX91101 (April 21, 2008 at 3:19 am)
The U.S. government was for all intents and purposes solvent in 1932. We now sit on the biggest debt load in the universe. 20% of the American work force is employed by the government. Unemployment will severely restrict tax revenues at all levels. There will be no money available for the government to borrow. What do you think the result of these factors will be? |
