Friday, August 21, 2009

Propaganda 1929 vs. 2009

This video shows the "Propaganda" used in 1929 vs. 2009

So if you believe the "False Hope" being spewed by our government I have some swampland to sell I could use the funds to prepare for the Depression they are creating. Unemployment is "Less Bad" isn't that what the Communist Mainstream News tells you daily? Not true! Banks are safe. Not true! Hmmm.....$3 Trillion there a couple more trillion here. Who knows how many Trillion for BO's Death Care. Transparency all who bought that line of crap raise your hand. What about Commercial Real Estate? From IBD..

Commercial real estate (CRE), valued at $3.5 trillion in the U.S., has experienced a 39% decline in prices from the peak only two years ago, according to the MIT Center for Real Estate.

This drop is greater than the 27% commercial real estate decline associated with the longer savings and loan crisis of the late '80s and early '90s that precipitated government Resolution Trust Corp. (RTC) seizures and auctions.

Additionally, the 18% price decline in the second quarter was the largest three-month drop in the 25 years since MIT first published the CRE price index.

Real Capital Analytics reports that over $2 trillion in commercial properties bought or refinanced in the past five years are upside down on their loans — having fallen below the finance or purchase price.

It appears owners have lost their entire down payments on $1.3 trillion worth of property. In the first six months of this year, commercial properties in default, foreclosure or bankruptcy doubled. That pace may accelerate because commercial usually lags residential by a year.

The same conditions that caused the residential bubble — including easy credit created by the Fed, lax lending standards and a boom in the underwriting of commercial mortgage-backed securities on Wall Street — also drove the overvaluation of commercial real estate.

The Asian Market is not buying it. The Goal this time is to make sure Americans are Broke so they can implement Agenda 21 and the New World Order governed in conjunction with the UN where the Leaders share the gains and you the Serfs share the Pain. There are far too many Useless Eaters so I assume some of us will have to go. Who knows what methods they could use for that?

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