15 Signs That The U.S. Housing Market Is Headed For Complete And Total Collapse

The U.S. housing market is dying.  You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny.  Up until the end of April, the giant tax credit that the U.S. government was bribing home buyers with helped stabilize the real estate market, but now that the tax credit has expired the decline of the U.S. housing market has resumed.  Mortgage defaults continue to set new records.  Foreclosures continue to set new records.  Home repossessions by banks continue to set new records.  The number of homes being constructed and the number of Americans applying for home loans is at stunningly low levels.  For decades, owning a home has been touted as the very heart of “the American Dream”, but today that dream is out of reach for an increasing number of Americans.  Why?  It is because there are not nearly enough jobs for everyone.  Without a jobs recovery, there simply is not going to be a housing recovery.  Unfortunately, as the U.S. economy continues to come apart like a 20 dollar suit, even more Americans are going to lose their jobs and the U.S. housing industry will continue to experience a very painful decline. (Read More...)

Are The Economic Riots That So Many People Have Been Warning Us About Already Starting?

For years, researchers such as Gerald Celente have been warning that the coming economic collapse is going to spark mob scenes and riots that are unprecedented in U.S. history.  Many have scoffed at these predictions and have refused to believe that anything like that could ever happen in America.  But if what happened on Wednesday near Atlanta is any indication, we could be on the verge of something really bad.  30,000 people turned out to pick up only 13,000 applications for government-subsidized housing.  Some people had waited for over two days just to get their hands on an application.  The “chaotic mob scene” that developed as the applications were being handed out left 62 people injured.  It turns out that there aren’t even any vacancies in government-subsidized housing at this time in that area.  These people were going wild just to get an application to get on the waiting list for government-subsidized housing.  Yes, this is what the American Dream has degenerated into – thousands of people rioting in an attempt to get on a waiting list for a government handout. (Read More...)

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