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RE: Canadian Housing Bubble Will Burst
Does any one see, all the west is in very bad shape?? There is clear perfection in commercial media, sure, but when you dig little deeper, you see more and more s*it coming up...
It's quite scary when you think about all the things that can go wrong. When you think that what if we are all just naive, going about our day-to-day tasks without knowing that we're driving straight to a cliff.
I really hope that's not the case. Even if that's the case, can we actually do something about it?
Why do you think we are in the mess that we are at right now?
Because of our banking fascist system, which is feeding only bigger corporations and lets smaller firms to die. Richer people get richer with private anonimous bank accounts, filled with silver and gold. And they invest in real estates mostly. Why are houses more and more expensive? When one banker sell a real estate to the other, the first one has to make a deal and make some money, while the other one has to have the buyer. And when that buyer will be ready to sell, the price will depend if the house was upgraded,or not and depends on the price on real estate market. So...if all the prices on the market are slightly higher, John will be selling this house for 10-15% more money as he had bought it. But bigger problem is for those who would like to buy a house for the first time. For those, a house has unacceptable price. And that price will fall very sharply. Why? Because now there is almost none of trades going on (buy/sell) in Canada and very small % the west .
Car sales are in extreme low , small shops are closing down every day, real unemployment in US is 26%, not 4%!
That's a very grim picture. What do you mean by the real unemployment in the US is 26%, not 4%? Why is there a difference between the real and reported values?
aint got time for this now. go and find why obama said that it will be "all right" with economy, despite, it was all rigged data and short lasting. it is all coming to surface...
Okay thanks for the pointer.