HowardDollars and Real Estate- the Connection
November 19th 2006 01:58
All that Glitters Isn't Gold
As it is well known, a real estate bubble has been building rapidly in the United States since 2001. It had been going on ten years before that, but that was relatively slow compared to after 2001. Now it is going down, along with 1.5 million jobs that will disappear.
And then there is the pure speculation, by the hedge funds and their agents. Like in New York City, we have strange spectacles like the selling of Stuyvesant Town, on East 14th St., a large block of "middle income" housing by Metropolitan Life to Tishman Speyer for $5.4 billion. Twenty-five thousand people could be put on the chopping block, with all the subsidies done to build this "project" in the first place. Sure there is rent control, but these people are known to play nasty games.
The real estate bubble was created intentionally, and now is crashing, if not exactly intentionally, with a certain inevitability. By creating these bubbles, and similar bubbles, there is the looting of public money, the looting of people's lives and infrastructure. Is this related to the hedge fund vultures and to the possible dollar breakdown and the breakdown of the U.S.? You bet it is.
People's lives are being destroyed all over the world, in the mad rush toward globalization and cheap labor. Where will people live in New York City? How will the young people get an education? Not with this system.
We need new infrastructure. We need the hydrogen fuel economy, using nuclear energy to create hydrogen fuels. This is done thru high temperature gas reactors (HTGR) at 900- degrees centrigrade, to crack water and produce hydrogen gas. Likewise we need the mass nuclear energy powered desalination of sea water. There are droughts breaking out from Texas to California all the way to Australia.
By the way, it's safer to be a nuclear power worker, than to be an office worker. After all you could get white out all over your face in the average insane office.!!
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