posted on Oct, 18 2014 @ 06:50 PM
a reply to: Gryphon66
Home prices are an artificial inflation created to keep americans always in debt. But yes, they do
affect the economy. Individual homeowners are having a harder time now buying houses as loan requirements are stricter than they have ever
been....but in the meantime house flippers and investors for rental properties have been buying up foreclosures like mad....all while there are
millions of homes being held in foreclosure by the banks but off the markets to keep home values artificially inflated. I don't feel like looking up
the statistics for that right now. We all know the false statistics put about for "unemployment" and such, but my unemployment numbers come from the
department of labor which stated that as of august, 90,000,000 of age, non institutionalized americans (not in jail, military, etc) were not employed,
nor looking for work, and that another 10,000,000 were not employed but ARE looking for work (that second group makes up our official "unemployment
rating") which equals 100,000,000 of our 250,000,000 work force, or roughly more than 1/3. See, the "false statistic" is the official unemployment
rate, which makes it seem like 95% of working age americans are employed. This is obviously not the case. And, yes, a lot of those jobs were lost to
corporate offshoring.....what does that have to do with it? That offshoring is another beef of mine, and youll get no arguments from me there. My
point is.....the economy is NOT improving, any thing they say to that affect are lies, and they have been telling the same exact lie EVERY SINGLE
MONTH since the actual collapse happened in 08. I don't understand why I always get people saying "but this time I think they are right".....they
have been wrong about 72 times now.
Ha, that #s funny!
One more thing. The banks have been continuing the same MBS swap fiasco that landed us in the first collapse in 08.....so that will be bursting at
some point too, and likely soon, and likely worse than the last one and not fixable by the same garbage QE that we tried last time and will not be
able to afford this time. So I wouldn't start resting on our laurels just yet.
edit on 18-10-2014 by pexx421 because: (no reason