Comments on: The Foreclosure Crisis http://endoftheamericandream.com/archives/the-foreclosure-crisis?utm_source=rss&utm_medium=rss&utm_campaign=the-foreclosure-crisis Waking People Up And Getting Them To Realize That The American Dream Is Quickly Becoming The American Nightmare Fri, 10 Feb 2012 02:40:01 +0000 hourly 1 By: David Jeremiah http://endoftheamericandream.com/archives/the-foreclosure-crisis/comment-page-1#comment-2769 David Jeremiah Tue, 17 Aug 2010 01:55:03 +0000 http://endoftheamericandream.com/?p=107#comment-2769 For People to not Rise up against the Financial System, it is obvious that More people are still being Fed than People who are NOT being Fed. This is the Truth: People will not wake up until there is no Food on the Table. So the People who are not being Fed have to remain silent for being "Guilty" of Not being able to provide for themselves. The truth is: From 1965 to 2010 there has been a record by the UN that (1) The Rich are getting Richer and the Poor are getting Poorer (2) The Middle Class is Disappearing (3) The Boom-Bust cycles are getting more destructive each decade (4) These are world-wide in effect not sparing any Nation. (5) 30% of the Poor today were not born poor. (6) The 1997 Repealing of the Glass-Steagall Act allows room for further corruption. (7) The Dollar having no gold backing is nothing but a counterfeit currency. (8)The Uncontrolled Monetization of US Debt will only increase the effects of 1) to 5) and the World will have its Day of Revolution like the French Revolution and the Oligopolies who are benefiting through the sufferings of others will be exposed. For People to not Rise up against the Financial System, it is obvious that More people are still being Fed than People who are NOT being Fed. This is the Truth: People will not wake up until there is no Food on the Table. So the People who are not being Fed have to remain silent for being “Guilty” of Not being able to provide for themselves.

The truth is: From 1965 to 2010 there has been a record by the UN that (1) The Rich are getting Richer and the Poor are getting Poorer (2) The Middle Class is Disappearing (3) The Boom-Bust cycles are getting more destructive each decade (4) These are world-wide in effect not sparing any Nation. (5) 30% of the Poor today were not born poor. (6) The 1997 Repealing of the Glass-Steagall Act allows room for further corruption. (7) The Dollar having no gold backing is nothing but a counterfeit currency. (8)The Uncontrolled Monetization of US Debt will only increase the effects of 1) to 5) and the World will have its Day of Revolution like the French Revolution and the Oligopolies who are benefiting through the sufferings of others will be exposed.

]]> By: Uncle B http://endoftheamericandream.com/archives/the-foreclosure-crisis/comment-page-1#comment-505 Uncle B Fri, 21 May 2010 21:20:56 +0000 http://endoftheamericandream.com/?p=107#comment-505 I await in great fer and with trepidation for the inflation spectre to appear. Borrowing like this can only devalue the dollar more, making all elce more expensive, robbing the poor the folks on fixed incomes and the current property owners. We are in for far blacker times than even the governemnt admits! I await in great fer and with trepidation for the inflation spectre to appear. Borrowing like this can only devalue the dollar more, making all elce more expensive, robbing the poor the folks on fixed incomes and the current property owners. We are in for far blacker times than even the governemnt admits!

]]> By: Painesright http://endoftheamericandream.com/archives/the-foreclosure-crisis/comment-page-1#comment-188 Painesright Thu, 22 Apr 2010 03:00:41 +0000 http://endoftheamericandream.com/?p=107#comment-188 In 1975, we had about $600 Billion more or less in residential mortgage debt in the U.S. (IE: it took us 200+ years to get to that amount). By 1990, we had $2.1 Trillion or so in residential mortgage debt. Ten years later, in 2000, we had around $5.1 Trillion in residential mortgage debt. By 2008, eight short year later, we had over $11 Trillion in residential mortgage debt. To pay back 1 Trillion, just one, is $1 per SECOND for 32,000 YEARS... without interest. We ADDED almost $6 Trillion in residential mortgage debt over an 8 year period from 2000 to 2008, at a time when the market was drastically over-priced. Do the math. (Confirm these numbers, search: U.S. Census Bureau 2010 Statistical Abstract Report "and" Hoover Institution - Facts on Policy - Consumer Debt) In 1975, we had about $600 Billion more or less in residential mortgage debt in the U.S. (IE: it took us 200+ years to get to that amount).

By 1990, we had $2.1 Trillion or so in residential mortgage debt.

Ten years later, in 2000, we had around $5.1 Trillion in residential mortgage debt.

By 2008, eight short year later, we had over $11 Trillion in residential mortgage debt.

To pay back 1 Trillion, just one, is $1 per SECOND for 32,000 YEARS… without interest.

We ADDED almost $6 Trillion in residential mortgage debt over an 8 year period from 2000 to 2008, at a time when the market was drastically over-priced.

Do the math.

(Confirm these numbers, search: U.S. Census Bureau 2010 Statistical Abstract Report “and” Hoover Institution – Facts on Policy – Consumer Debt)

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