How will the second great depression look like?

Quote from eusdaiki:

The problem with putting a berlin wall across the south border, it's that it keeps the mexicans out... but it fails to keep the US companies in... perhaps you need a taller wall.


They're more interested in policing the internet than they are policing the borders.

Allowing the invasion of illegals keeps the populations minds occupied while the elite get to play their little games.
 
Quote from Reaver:

pissedgoy, my advice to you is to rcanfiel's ass on IGNORE.

Save yourself the trouble.

Anyone with a brain was able to see the point you were getting at.

No need to play Captain math Whiz and try to correct you over it...it detracts from the point....

I don't care if it's $500,000 or $50,000 or $10,000 per household, it's the fact that this bullshit profiteering war is costing us EVEN MORE money. One more fucking penny spent on this thing is unacceptable.



I already have that fool on ignore. He's the only one on ignore too, so it's a great achievement on his part.

The US underpins all the western ideals of freedom and representation for all. If those values get diluted, the entire western civilization takes a step back. Through out history, we're the ones who have taken up the fight for these core human values, the rest of the world is used to being enslaved. Give them a coke and a piece of bread, and they think you're god.
 
Quote from arealpissedgoy:

I already have that fool on ignore. He's the only one on ignore too, so it's a great achievement on his part.

You cannot do basic math (like, being off by 3 orders of magnitude) and you call other people fools?

Quote from Reaver (via a Areal)

pissedgoy, my advice to you is to rcanfiel's ass on IGNORE.

How would Reaver know anything if HE had me on ignore?

Funny, I had Reaver on ignore. It is nice to see that fellow math wizzes wash ashore on the same beach...
 
Quote from arealpissedgoy:

It's already begun for a few


http://news.yahoo.com/s/nm/20071221/us_nm/usa_housing_social_dc



Tent city in suburbs is cost of home crisis

By Dana Ford Fri Dec 21, 8:18 AM ET

ONTARIO, California (Reuters) - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California.
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The noisy, dusty camp sprang up in July with 20 residents and now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis.

The unraveling of the region known as the Inland Empire reads like a 21st century version of "The Grapes of Wrath," John Steinbeck's novel about families driven from their lands by the Great Depression.

As more families throw in the towel and head to foreclosure here and across the nation, the social costs of collapse are adding up in the form of higher rates of homelessness, crime and even disease.

While no current residents claim to be victims of foreclosure, all agree that tent city is a symptom of the wider economic downturn. And it's just a matter of time before foreclosed families end up at tent city, local housing experts say.

"They don't hit the streets immediately," said activist Jane Mercer. Most families can find transitional housing in a motel or with friends before turning to charity or the streets. "They only hit tent city when they really bottom out."

Steve, 50, who declined to give his last name, moved to tent city four months ago. He gets social security payments, but cannot work and said rents are too high.

"House prices are going down, but the rentals are sky-high," said Steve. "If it wasn't for here, I wouldn't have a place to go."

'SQUATTING IN VACANT HOUSES'

Nationally, foreclosures are at an all-time high. Filings are up nearly 100 percent from a year ago, according to the data firm RealtyTrac. Officials say that as many as half a million people could lose their homes as adjustable mortgage rates rise over the next two years.

California ranks second in the nation for foreclosure filings -- one per 88 households last quarter. Within California, San Bernardino county in the Inland Empire is worse -- one filing for every 43 households, according to RealtyTrac.

Maryanne Hernandez bought her dream house in San Bernardino in 2003 and now risks losing it after falling four months behind on mortgage payments.

"It's not just us. It's all over," said Hernandez, who lives in a neighborhood where most families are struggling to meet payments and many have lost their homes.

She has noticed an increase in crime since the foreclosures started. Her house was robbed, her kids' bikes were stolen and she worries about what type of message empty houses send.

The pattern is cropping up in communities across the country, like Cleveland, Ohio, where Mark Wiseman, director of the Cuyahoga County Foreclosure Prevention Program, said there are entire blocks of homes in Cleveland where 60 or 70 percent of houses are boarded up.

"I don't think there are enough police to go after criminals holed up in those houses, squatting or doing drug deals or whatever," Wiseman said.

"And it's not just a problem of a neighborhood filled with people squatting in the vacant houses, it's the people left behind, who have to worry about people taking siding off your home or breaking into your house while you're sleeping."

Health risks are also on the rise. All those empty swimming pools in California's Inland Empire have become breeding grounds for mosquitoes, which can transmit the sometimes deadly West Nile virus, Riverside County officials say.

'TRICKLE-DOWN EFFECT'

But it is not just homeowners who are hit by the foreclosure wave. People who rent now find themselves in a tighter, more expensive market as demand rises from families who lost homes, said Jean Beil, senior vice president for programs and services at Catholic Charities USA.

"Folks who would have been in a house before are now in an apartment and folks that would have been in an apartment, now can't afford it," said Beil. "It has a trickle-down effect."

For cities, foreclosures can trigger a range of short-term costs, like added policing, inspection and code enforcement. These expenses can be significant, said Lt. Scott Patterson with the San Bernardino Police Department, but the larger concern is that vacant properties lower home values and in the long-run, decrease tax revenues.

And it all comes at a time when municipalities are ill-equipped to respond. High foreclosure rates and declining home values are sapping property tax revenues, a key source of local funding to tackle such problems.

Earlier this month, U.S. President George W. Bush rolled out a plan to slow foreclosures by freezing the interest rates on some loans. But for many in these parts, the intervention is too little and too late.

Ken Sawa, CEO of Catholic Charities in San Bernardino and Riverside counties, said his organization is overwhelmed and ill-equipped to handle the volume of people seeking help.

"We feel helpless," said Sawa. "Obviously, it's a local problem because it's in our backyard, but the solution is not local."


"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson

`NUFF SAID
 
Quote from gnome:

Most everyone would like to be in the elite class. But consuming the middle class will bring an end to the "wealth state" of the US.

The US has been the world's economic power BECAUSE of the growth of our middle class... a middle class which is now being given away mostly to Asia.

And the billions in Asia will absorb this without much benefit - except to a relative handful.

Ron Paul is right. The U.S. and the rest of the world are becoming fascist.

These changes are happening so fast - it is astounding.
 
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