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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Mortgages, Foreclosures and Hillary Clinton

March 5th 2008 14:21

Real Crash- Looking at Capitalism and its Laws:

Hillary Clinton

Hillary Clinton's victories in Texas, Ohio, and Rhode Island give us a chance to do something good. First is to deal with the total collapse of the financial system. Hillary Clinton's call for freezing foreclosures and mortgage interest rates may not be all that is necessary, but at least it is a foot in the door. With Obama's campaign already showing signs of wear from scandals of various sorts, this is our chance.

Remember the so-called subprime mortgage crisis is only a small slice of a total credit freeze and breakdown of the financial system. The fools screaming "free enterprise" ignore the fact that from $500-billion to $1-trillion of credit has been injected into various banks and hedge funds by the Federal Reserve and the European Central Bank. This money is electronic blips that generally will never be paid back. So much for stealing and raping, known as "free enterprise." It is time for the nation-state, and national sovereignty to put the system through a bankruptcy reorganization for the benefit of the nation of the USA, other nations and peoples.

Latest from LaRouche Pac:

--At 9 PM EST, Lyndon LaRouche congratulated Hillary Clinton for a clear victory in the Ohio and Texas primaries, among Democratic voters. In Ohio, early results indicate a Clinton victory, with a very heavy turnout. In Ohio, no cross-over Republican voting is permitted. In Texas, early indications are that Hillary Clinton has won among Democratic voters, including a very strong showing among Democratic voters who had been undecided in the final days before the primary. The Texas outcome is clouded by questions of Republican Party intervention. Cross-over voting is allowed in Texas.

LaRouche reiterated that he is very pleased that Hillary Clinton is clearly very much on top of the situation, showing ``courage under fire,'' which is a vital leadership quality that the next President must possess to deal with the monumental crises. LaRouche added that, obviously, former Senator Tom Daschle and company failed in their effort to eliminate Hillary Clinton from the race.

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Posted By: Howard - Category: No Category

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3 Comments. [ Add A Comment ]

Comment by S.L.

March 5th 2008 17:35

The Political Brief

Hillary isn't going to do anything she promises, Howard. She is qualified to be married to a cheating scoundrel, not for the presidency. Obama won't keep his "promises" either. For your own sake, don't pin any hopes on them... or on McCain, either. They'll let you down every chance they get. Politicians (or hacks like these) aren't the answer to fixing what's wrong. Private enterprise can do a much better job.

Comment by Howard

March 5th 2008 18:06

Real Crash

Private enterprise these days is dead. It needs government sponsored projects to revive it.
The Enron, Michael Milken "Debt is an Asset" game is over, because more and more of the debts can't be paid.
The financial bubble is dead, and it is not going to come back. Lazarus is not coming back to life.

Sadly, your total cynicism would mean the death of the nation. Luckily we at realcrash.com and larouchepac.com don't share your verdict, though we see the dangers only too well.

Comment by S.L.

March 6th 2008 02:31

The Political Brief

Howard, time will tell. I knew that her hubby would be bad news from the beginning and he was. Look at the record and you'll see the same thing. She's a duplicitous coniver who has nothing to recommend her for the office. She and Obama would make a bad enough problem by themselves, but it still won't surprise me if they wind up sharing the ticket. They're against everything that has always made us a great country, and given the opportunity they will (either seperately or together) destroy us. If you think we have troubles now, just see what new ones they can create.

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