HowardFrom Tibet to Seattle to Australia
Real Crash- Looking at the Financial System and the War Drive:
the Magical mystery tour- Beatles
Have an invitation;
To join a conflagration;
From the roof of the world;
To Starbuck's Coffee unfurled;
The magical mystery tour of British intelligence Way;
(spoof- Magical Mystery Tour, Beatles)
This week things are happening of interest all around the globe. Hillary Clinton is set to win the Pennsylvania primary April 22nd. The British and their assets are revving up the crusade for Tibet. The Dalai Lama is coming to drive up the frenzy in Seattle, Washington on April 13-14th, while claiming to be "non-violent."
Meanwhile there are reported "bear stearn" like problems with Australia's Macquarie Bank. Macquarie Bank has been a leading buyer and leaser of infrastructure, like Leesburg Va.'s infamously expensive Greenway. Perhaps they went a little too far out of Felix Rohatyn's PPP (Public Private Partnership) limb. Anyway, the idea of private companies running public infrastructure is not a good one. From the New York subway, the the stadiums, to the roads and bridges, most of this stuff, based on a profit motive, would not even exist.
The Political Brief
I've been hearing a lot about the homeowners who are losing their homes. It's sad, but true, some of them just bought beyond their means and knew it. Some were tricked by unscrupulous lenders. It's a matter of responsibility, Howard. Why would anyone look at the figures involved in the potential sub-prime loan and not see that the rates were horrific? Home ownership is only a good thing if you actually get to keep the home! And if the payments are too outrageous, don't buy. Not complicated at all. The others who are losing out are the tricky lenders who spent the money as soon as they resold properties, knowing that their "marks" couldn't make the payments. It shouldn't have taken a genius to see that the financial house of cards was going to tumble down.
The real estate market is already beginning to set itself to rights. Slowly, granted, but it is beginning to happen. Prices are dropping a little and people are starting to regain some confidence in the markets. Government intervention isn't necessary. The market has a way of straightening itself out, given a little time and patience. Those individuals who lost their homes thanks to the sub-prime debacle can rent until they can actually afford to buy at reasonable rates (which will return in time). The big investment corporations and banks who are struggling or going under will just have to deal with it. They knew what the sub-prime would do. They aren't stupid... just greedy.
Real Crash
Tibet cannot be a sovereign nation for the simple reason that it is a sparsely populated feudal plantation run by the monasteries, to this day!!! An "independent" Tibet (after another World War) would only be another part of a global new British (perhaps with an American flag) Empire. It would never happen, civilization would be dead by then.
The Political Brief