Round Two Of The Foreclosure Crisis

http://youtu.be/ifKRm4Xud88

 

what kinda post is this?

no link, no text,, no pictures, no nothing...

 

trying to embed video from non-youtube source

<iframe width="512" height="376" src="http://video.pbs.org/viralplayer/2365438716" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" seamless></iframe>



video window appears in the post preview, but not in the post

 

special bbcode/media failed, can you help me embed the video?

 

I guess I'll have to ask a moderator to help then

 

fixed by using youtube version of same media.

I'll have to ask about embedding non-youtube video in the support forum

 

Anyone who envies Americans is either insane or knows nothing beyond Hollywood. Americans are caught in a horrible spiral. The demons have twisted the dream.

 

GJS,

Agree!

The entire world is drowning in red ink, and the debt WILL be 'solved' one way or the other, default or hyperinflation.

My bet is on hyperinflation.

Remember Germany 1923.

 

We have entirely different financial control mechanisms now than we did a century ago. The trap is even tighter. We SHOULD have been in a depression already. But some of the safety nets actually work. Which is why we don't have corpses in the streets and rivers.

 

Wow a loan balance of $138,000. and a home value of $47,000. You are doing the bank a favor if you make those payments.

 

That kind of drop in home values is fairly common...

 

If the whole world would be in the red and in debt with eachother wouldn't it be fun to just say fuck it and start over. It would certainly piss off the few richies at the top but also settle a lot of issues. I know this is fantasy, lots of countries and companies would never let the debt of others slide of course, especially not if they were mostly made with profit (interest) in mind.

 

Folks, have a backup plan you can afford if it turns out nothing's wrong. But there's more debt out there than the existing money supply. That fact alone guarantees a massive crash. Likely to be global.

 

Isn't it kind of reasonable to state you can't (be expected to) pay back what didn't exist in the first place. If people can grant you money that came out of thin air, why not state well sorry, it appears the debt went away into thin air as well

 

With governments around the world all spending far more than they are taking in, then making up the difference with borrowed money, it MUST end!

Printing 'new' money to buy 'new' Bonds leads directly, eventually, into the pockets of the population. As always, that leads to inflation!

100 TRILLION German 'Marks' for just ONE ounce of Gold in 1923.

PREPARE!

 

Didn't the PBS report say over 900 thousand people were still losing their homes? (maybe 60 Minutes?)

 

Individuals are responsible for taking on too much debt, either with houses they cannot afford, or living beyond their means. In many cases both.
Banks give out money does not mean one has to take it.
Personal financial responsibility, people!
If you work part-time for $12/h, you CAN"T afford a $ 150 000 house that needs fixing.
Paying one credit card with another never ends well and WILL see you out on the street after the bank ceases you assets.

Smoking all the dope in the states will not make this go away.

 

S&L,

I suggest you do a Google on 'Community ReInvestment Act 1978', the birth place of the words "sub prime".

all thanks to Pres Jimmy. Carter.