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bruce MN
Veteran Advisor

Re: Globalization

Saw that too. One of those everybody should see and then find some random people to discuss with.

 

Did you check out the banksters shoes? One thing I hope we run out of is a few really creative people with an incredible pulse on the culture..

tomtoolbag
Veteran Advisor

Re: Globalization

  No, I didn't catch the shoes. My "contacts" said to focus on the MERS program because it covers their tracks. KD is pretty thorough and is a strong advocate for further investigations, but when an entity creates a system for recording legal transactions that bypasses the normal system that is proven and accepted over time, then they appear in courts throughout the country with basically some "trust me" documentation, that so far the courts have rejected about 1/10th of 1% of the foreclosures, that's the main area of focus.

  Another issue is another article that was recently on MT and that refers to the courthouse sales that falsely keep "comparables" high, and also the overlooked fact that the bankruptcy laws that were changed in '05 that the banks will still get paid on the outstanding balances of the mortgages.

  There's been a coup in this country without a single bullet ever being fired or a gun been drawn, whereas the overall citizenry were debt-slaves before but now have nothing at all to fall back on for their "golden years" and the finish line or "goal posts" are being moved farther away to force people to work longer in life, and of course for less money. A recent stat that I saw shows that people who rely on SS for retirement income have 30% of their total income from work. Check out the article below because it's quite an eye-opener:

http://www.mybudget360.com/economic-chicanery-social-security-financial-headwinds-retirement-trust-f...

 

This might not surprise you.  But what is surprising is that 30 percent of current retirees work to make ends meet.  30 percent of income of retirees comes from actual earnings so I’m not sure if labeling them retired is accurate.  In fact, earnings now make up a larger portion of income than it did in 1962.  This is an interesting chart but shows the heavy reliance on Social Security even after decades of pushing retirement plans into the stock market casino.

Where do benefits get spent?  The large part is eaten up by housing, food, and transportation:

bruce MN
Veteran Advisor

Re: Globalization

Billions in recording and land records fees avoided. Man. wehav's got to love that.

 

And with little or no hope of the courts ever doing anynting meaningful abou this...the terrible danger lies in a case getting to the Citizen United gangsters at the SCOTUS and a ruling coming down in favor of robo sigining mortgage servicers in a  case tied up in mulitple untraceable bundled mortgage backed securities and there would be  a precedetn in place for any crooked holder of sloppy paper to foreclose and evict and pocket the returns, retaining them as teh primary lender for unpaid fees levied during the whole mess.

 

The homeowners are out on the street. The individuals and funds that invested in the mortgage backed securities would be out their investment and the bank and it's bankster agents and bond holders would get fatter and fatter.

 

Not a whole lot more one needs to know, undertand and realize the gravity of than the numbers in this:

 

http://www.startribune.com/blogs/115638354.html

 

The Twin Cities, for god's sake.

 

 

 

tomtoolbag
Veteran Advisor

Re: Globalization

  Yeah, that coincides with what has been going on here where the recent(under 1 year) prices have fallen more than they did in the immediate aftermath of the crash. We really didn't see a huge run up in prices but have seen a dramatic drop in prices recently, and the players that I deal with have ramped up their buying, but there is a lot of property that they consider "untouchable" and "they" have mentioned the prevalence of Countrywide in the area.

  I have a database that breaks down the local prices in different categories and it's really dropped off in the last 4 months or so. If the economy is supposedly getting back on track, all current stats tell a different story. I guess that explains a lot of investment gurus coming into the locale because of the opportunities.

  What I don't get is the known lag times though. WTF?

hardnox604008
Veteran Advisor

Re: Globalization

Yeah we're **bleep**ed.

 

It has been a long, long time since anybody has seen a major asset class go to the downside overshoot side of things. As the Fed et al have been hugely successful at getting every asset class to overshoot to the upside there is next to nobody out there who really understands that you can overshoot the downside just as much - it just requires the right market trend and social mood. And once it grabs hold, you can't stop it 'til it has blown itself out.

 

I suppose I can sit in the bunker with a 40 ouncer and say I told 'em so- needed to do the jubilee right up front before this thing really got rolling.

 

 But actually I've been wrong about a lot of things, just not that.

 

Best, h

tomtoolbag
Veteran Advisor

Re: Globalization

   LOL, well that makes 2 of us. We have been trying to emigrate to 1 of 3 different countries for the last couple of years and now it's compounded by our son becoming legal age. With the wife's PHd  and such, her experience is at the attractive point but now it's a whole separate issue because of his age which makes him separate from us. We don't want to move to some glorified 3rd world country where we have a bullseye on us, but believe it or not the U.S. has made things more difficult than any country, regardless of the fact that the country we have applied to just recently exported their version of "citizen of the year" even though she came to that country as a minor.

Canuck_2
Veteran Advisor

Re: What ever happened to the USA arms BA?


@BA Deere wrote:

Hey Tom, there`s a connection between Egypt and North Korea. Apparently N Korea sold missles and trained Egyptian pilots. Mubarak and the Jong Ill family have been chummy.

 http://www.csmonitor.com/World/Asia-Pacific/2011/0207/Why-Kim-Jong-il-wished-Egypt-s-Mubarak-a-Happy...


And you are not aware that the US gives Egypt million of $ each year and sells them arms too?

 

Red Steele
Senior Contributor

Re: Globalization

I would have to see the actual numbers that the various presidents took from foreign interests to draw the conclusion that "they all did it, so what?". Just seems like a very dangerous intrusion, and to no great uproar. But lets not be judgemental, right?

 

Was reading some farm magazines and just came across another example of jobs and capital coming to America again. A Czech based tire company is building a $44 million dollar tire mfc plant in Charles City, Iowa. It makes the Mitas and Continental brands of tire and plans to become a larger player in farm radial tire market in America. Good deal.

 

And what you said about Government , schools, and medical jobs....they are almost all really "government jobs"  as school teachers are by and large public employees , too and medical may soon be also. The only thing holding up the medical job wage scale is the barrier to entry from overseas, as there are millions of RN's ready to come to America and level that wage scale, too. Some even export patients or even parents to overseas treatment. We certainly are not either an island , or a castel with a moat. As that good MN jewish boy wrote "The world is flat".

 

Houses and rents will have to come down to a level that $15 per hour jobs will be able to afford. This seems to be happening, too. I recently bought a house for 40% of what the county had it appraised at, and have heard similar stories. THe counties fight like all getup to keep from devaluing properties, as the tax rolls depend on high valuations. BUt then, farmland marches on and on , upward and upward....really will be a loud bang when that complex crashes, too.

BA Deere
Senior Contributor

Re: What ever happened to the USA arms BA?

Yes, I believe we give Egypt $1.5 billion which really makes it strange Mubarak who`s supposed to be our friendenmy is bed jumping with Kim Jong Il who`s part of the "axis of evil".

tomtoolbag
Veteran Advisor

Re: What ever happened to the USA arms BA?

  I take it that you don't know WHY we give them that $1.5 B every year. Do a couple of searches and find that out, then post back here. LOL