Hedge funds are gambling, while production is crashing. The real estate bubble is over, and going down. New York City is beautiful, that's why I take pictures of it, but it's the belly of the beast.

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Real Crash - July 2008

Blame it on the Poor Mortgage Takers

July 11th 2008 17:48

Real Crash- Looking at Capitalism and its Laws:

Neil Young- After the Goldrush

Blame it on the poor mortgage takers;
Now the economy's crashed;
Blame it on the housing market;
Going into a smash;
Yes, Freddie and Fannie had some fun;
But now the big corpses rot in the sun;
Blame it on the homeowners;
The real crash is now!!

(spoof, 60s song, "Blame it on the Bossa Nova")

Yes, not all is bad. Love is breaking out in South America. Columbia liberated Columbian and American hostages. Now Pres. Uribe of Columbia is making a good deal with Pres. Chavez of Venezuela to build railway connections between their nations. Right wing and left wing are coming together for development.

In the USA, the stock market is crashing. Fannie Mae and Freddie Mac, the giant government sponsored entities are about to be nationalized, a la Britain's Northern Rock Mortgage Bank. Lehman Bros. could be dead meat by Monday. Time to listen to LaRouche and go through the bankruptcy reorganization. Protect the Home owners, don't blame this on them, it was the BANKS that let this happen to keep the financial bubble going a bit longer. Will this shift of reality hit the Presidential candidates?

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Comments

12 Comments. [ Add A Comment ]

Comment by Proctor

July 11th 2008 21:21

Blame the victim mentality of the U.S government, gotta love it.

Comment by benny22

July 11th 2008 23:37

Proctor... I don't get what you're saying. Who's the victim being "blamed by the government?" The homeowners? The banks? Taxpayers?

Comment by S.L.

July 12th 2008 01:26

The Political Brief

Howard, do you honestly think having Hugo Chavez on good terms with Pres. Uribe bodes well for us? Chavez has made quite a point of how much he hates us and his oil company, Citgo, isn't doing us any favors. And I don't understand why you don't like Fanny May and Freddy Mac when they are basically nationalized to start with. They're government run and paid for mortages companies. I thought you wanted everything nationalized because LaRouche doesn't think private enterprise is a good thing. I'm confused..........

Comment by Howard

July 12th 2008 04:48

Real Crash

Yes, SL, what can I say, it's a confusion world. That is why the Columbian-Venezuelan love fest is so important. This is the like the peace of Westphalia of 1648, that ended the European religious wars. It is peace based not on ideology, (another form of brainwashing) but on the good and benefit of the other.

As for Fannie and Freddie, they were good under FDR, but they were hijacked, and then transformed under Alan Greenspan about 1989, into engines for the international Cayman Islands based financial bubble. I hope that makes sense.

Like, before Fed Chair Greenspan, a swindle like MBS (Mortgage Backed Securities) would not be tolerated.

Comment by Proctor

July 12th 2008 05:01

It means that the government blames the people for either 'consuming too much' or taking out a 'bad loan'...the people aren't at fault, they are within the system that the government is supposed to be in control of...hence blaming the victim.

Comment by benny22

July 13th 2008 01:43

Ok, Proctor, got ya... and I agree. You hear lots of that sort of talk these days, but you'd hope we might elect people who knew better. That sort of thinking logically emerges from a first principle that we live in a world of limited resources (which fusion empirically disproves). It has long been the first principle at the London School of Economics where economics is defined as "the science of choice in a world of limited resources." And, so, during his 1938 Presidential Address to the Royal Economics Society, Professor Cannon says: "... general unemployment appears when (workers) are asking too much.... [The world] should learn to submit to declines in money income without squealing." (Reference upon request)
Regarding Westphalia, I believe its' principle significance was the codification of the idea of national sovereignty -- Thou Shall Not Meddle in Thy Neighbors' Affairs Just Because You Have a Bigger Army. With the collapse of Bretton Woods, however, economic warfare was effectively sanctioned through floating exchange rates. Thus, in 1975 you might hear a statement like this:
"I believe that we are undergoing a major reorganization of international life at the present time which will result in drastic modifications of the world order system that has prevailed since the Peace of Westphalia in 1648... This reorganization of international life has two principal features -- increased central guidance, and increased roles for nonterritorial actors." (Falk, Richard; A New Paradigm for International Legal Studies: Prospects and Proposals; 'The Yale Law Journal' Vol. 84, No. 5; April, 1975)

Comment by Howard

July 13th 2008 02:13

Real Crash

very good points Benny22. Richard Falk is a f__ from way back. For the new "1932" movie, see here.

Comment by Proctor

July 13th 2008 03:01

I am not at all quite sure what that cut and paste is supposed to mean.

But I rewatched Superbad this evening, a movie I like because it actually has a political meaning.

Seth - Right wing
Evan- Left Wing
Mclovin- Independent

They all have to work together.

I figured out a better form of government, how do you like them apples? Just kidding about my tone, but for real I figured it all out check my blog, night everyone.

Comment by Howard

July 13th 2008 04:29

Real Crash

I mean the movie at this
Really Long Link
or at http://larouchepac.com

Comment by benny22

July 13th 2008 16:16

Howard, explain to Proctor what the "cut and paste" means.

Comment by Howard

July 13th 2008 16:32

Real Crash

I think "cut in paste" means the link I imbedded. It is an imbedded link on " for the new 1932 movie" and
'really long link' . If you click on it, you go there.

Comment by Proctor

July 13th 2008 18:06

The link i clicked on ended where everything is ok and the invidual is free to advance society with ideas...is that where we are going with this. Year 2001, that ended.

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