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michaelwise
07-14-2007, 10:06 AM
It's just an illusion man. Go shopping at the mall today, and see how it is mostly empty. Go to the car dealer and see how few customers there are. Not difficult to get a table at a restaurant these days either is it. Drive around your neighborhood and see all the houses for sale, and especially notice the ones that are empty. Go shopping at Lowe's and Home Depot and take notice of how few customers there are. Do you come to the same conclusion as Wall Street that the economy is booming?

1% of the population owns more than 50% of all the stocks in the stock market. The stock market can remain irrational longer than you can remain solvent. Why? Because they have a vested interest and they have all the money.

Research companies get paid big money to do on the ground research for large investment banks, so that they can find out what's really going on in the main street market. Do they release that information to the public? No.

Here's what I propose. WE do a little bit of market research of our own. Video economic conditions in your own neighborhood. Notice how few customers there are as compared to two years ago. Drive around your neighborhood and video all the for sale signs and empty houses. Comment on what you think of our current economic conditions. Show the world the Illusion.

Yes, there are plenty of locations in the country where the economy is still good. Especially in areas that did not have a large increase in home prices. But you are sheltered from seeing whats going on with housing in the rest of the country, which is a very large portion, because you do not see the full story on the TV.

The prime directive of the plunge protection team is to maintain investor confidence. They try to maintain this psychological mindset, regardless of the fundamentals in the economy. This is why you do not see any of the unpleasant things happening in the economy on TV. Let me show you what you have not been allowed to see. Will you take the red pill or the blue pill.

http://www.youtube.com/watch?v=PTkAsyzZB7E

How much longer can Wall Street keep up the illusion that everything is fine on Main Street America?

Post videos on Youtube under, The illusion of prosperity in America today.

mdh
07-14-2007, 11:38 AM
Where do you live? It isn't so bleak here.

michaelwise
07-14-2007, 12:03 PM
Where do you live? It isn't so bleak here.

I live where 60% of the population lives, where the housing bubble has burst. Along the coastal areas of the country, more specifically SW Florida.

Mesogen
07-14-2007, 01:30 PM
Yeah, really. I'm in Nashville and the economy here is pretty good. Construction everywhere, even urban redevelopment. Restaurants are always packed. When I MUST go to the lame ass malls, they are always so crowded with drooling consumers it takes me forever to find what I need.

michaelwise
07-14-2007, 03:54 PM
Yeah, really. I'm in Nashville and the economy here is pretty good. Construction everywhere, even urban redevelopment. Restaurants are always packed. When I MUST go to the lame ass malls, they are always so crowded with drooling consumers it takes me forever to find what I need.

Yes, there are plenty of locations in the country where the economy is still good. Especially in areas that did not have a large increase in home prices. But you are sheltered from seeing whats going on with housing in the rest of the country, which is a very large portion, because you do not see the full story on the TV.

The prime directive of the plunge protection team is to maintain investor confidence. They try to maintain this psychological mindset, regardless of the fundamentals in the economy. This is why you do not see any of the unpleasant things happening in the economy on TV. Let me show you what you have not been allowed to see. Will you take the red pill or the blue pill.

http://www.youtube.com/watch?v=PTkAsyzZB7E

LibertyBelle
07-14-2007, 04:49 PM
Yeah Michaelwise,

I see the same thing here too on the West Coast of FL. Houses for sale everywhere and not going anywhere. Empty ones not even rented. Insurance going up, foreclosures supposedly high. The Ministry of Truth is alyin'.

michaelwise
07-14-2007, 10:48 PM
Yeah Michaelwise,

I see the same thing here too on the West Coast of FL. Houses for sale everywhere and not going anywhere. Empty ones not even rented. Insurance going up, foreclosures supposedly high. The Ministry of Truth is alyin'.

You can add to that, Las Vegas, Phoenix, Washington D.C. area, the Jersey Coast, The Carolina coasts, well all the eastern and western coasts, all of Florida, ect. I would just like to see national news stories on the bust, and the real life conditions in all the major metropolitan areas.

kimosabi
07-14-2007, 11:26 PM
This is a good site to keep track of the Federal Reserve's deliberate destruction of the American Economy ==> http://ml-implode.com/

:eek: 99 :eek: Mortgage Lenders have gone bust since late last year

This is the US Housing Bubble plotted as a Roller Coaster with Real Estate Home prices adjusted for inflation ==> http://www.youtube.com/watch?v=kUldGc06S3U

Based on this Graph

http://www.speculativebubble.com/images/homevalues1.gif

michaelwise
07-15-2007, 12:04 AM
This is a good site to keep track of the Federal Reserve's deliberate destruction of the American Economy ==> http://ml-implode.com/

:eek: 99 :eek: Mortgage Lenders have gone bust since late last year

This is the US Housing Bubble plotted as a Roller Coaster with Real Estate Home prices adjusted for inflation ==> http://www.youtube.com/watch?v=kUldGc06S3U

Based on this Graph

http://www.speculativebubble.com/images/homevalues1.gif

I've checked that site almost every day since it started. The big 100, tomorrow or Monday. They should add hedge funds it, that have imploded. I think it's up to 11 now.

Mesogen
07-15-2007, 03:58 PM
Yes, there are plenty of locations in the country where the economy is still good. Especially in areas that did not have a large increase in home prices. But you are sheltered from seeing whats going on with housing in the rest of the country, which is a very large portion, because you do not see the full story on the TV.

The prime directive of the plunge protection team is to maintain investor confidence. They try to maintain this psychological mindset, regardless of the fundamentals in the economy. This is why you do not see any of the unpleasant things happening in the economy on TV. Let me show you what you have not been allowed to see. Will you take the red pill or the blue pill.

http://www.youtube.com/watch?v=PTkAsyzZB7E

Ok, housing is one place where prices did go through the roof for a while but are starting to go down recently. Maybe not like everywhere else. I don't know.

Now, what did go up here in a dramatic way was property taxes. I think in 2002 they went up about 20%, then in 2005 they shot up 40% more. Everyone was pissed.

I know some places are really hard hit. But there are places that are doing just great. Shreveport is another area that seems to be booming.

I'm not saying that there aren't economic problems. I'm just saying that maybe the reason some people aren't crapping their pants is because their area is honestly doing well.

Mesogen
07-15-2007, 06:11 PM
This is sorta OT, but I didn't want to make a new thread.

http://www.nola.com/news/t-p/frontpage/index.ssf?/base/news-8/1184482256189990.xml&coll=1

Elderly couple loses their home because of mismailed property tax bill of $1.63.

Hmmmmm. Is there more to this story?