I see an economic diasater coming...

[sparks]

   There are an estimated 30million homes in foreclosure in just the US right now.  If the banks continue to force the foreclosures this will put 120 million people on the street.  This is just the single family dwellings and does not reflect apartment housing.    As more and more tenants become underemployed or unemployed more evictions are taking place.  So now we have empty apartment complexes which of course the bank owns.  And those thieving mortgage underwriters aren't making good on their contracts with the banks.  Strongarming young people who just want a place to raise a family.  Not against the law but written into the law.  There is the saying there will be hell to pay.  Hell has been paid in more than full now its heavens turn.

[the_big_m_in_ok]

   There are an estimated 30million homes in foreclosure in just the US right now.  If the banks continue to force the foreclosures this will put 120 million people on the street. ...

I found this:
http://money.cnn.com/2008/06/05/news/economy/foreclosure/index.htm

It isn't 30 million, but you do have a point for apartments adding to the problem.  I heard on the news awhile ago that 1/3 of the people being evicted are living in rented apartments---which were used as investment properties the same way houses were.

...more tenants become underemployed or unemployed more evictions are taking place.  So now we have empty apartment complexes which of course the bank owns. ...

Yep, exactly.  No one is immune unless you live in the woods.

... And those thieving mortgage underwriters aren't making good on their contracts with the banks. ...

The underwriters had lax regulations to aid them, true, but people really are hurting for money.  Hardly a day goes by that a street person doesn't beg to me for money.  They're numbers would equal an army. ...

... Strongarming young people who just want a place to raise a family.  Not against the law but written into the law.  There is the saying there will be hell to pay.  Hell has been paid in more than full now its heavens turn.

Their karma is coming due.  There'll be "hell to pay", as you put it, yes.

--Lee

[X00013]

http://www.youtube.com/watch?v=6TNgA1Jb_C0

imagine a world when that piano was built.

[the_big_m_in_ok]

The coming collapse could be hastened by a realization that we can't win in SW Asia.  And this doesn't help at all:

http://www.msnbc.msn.com/id/36178710/ns/world_news-south_and_central_asia/

What?!
"Baksheesh"(about equals a 'Mafia payoff' or a bribe) has been a tradition for centuries in that part of the world.  Karzai knows he can't stop it, and the Americans are asking for the impossible for him to try, but his attitude is typical for people in SW Asia.  Everyone for himself.  We're outnumbered by people who think this way(read: everyone).

--Lee

[sparks]

  Win what for who? For a viable economy you must produce something.  The United States government has decided to produce hatred which justifies the huge defense budget as well as the newly formed department of homeland scrutiny.
Where are the new jobs Obama was going to generate in the Energy industry.  How many solar farms are going up with government grant money.  How many electric cars are being produced.  We bail out automakers who could easily retool  for mass production of affordable electric vehicles but we just bail them out no strings attached.  Like get an affordable  electric personal vehicle to the marketplace in two years or you dont get the bailout.  We bailout money lenders no strings attached like if you dont start offering no interest loans to people who would like to buy electric vehicles or any other carbon footprint reducing device we will yank your license and sieze all your shareholders personal property as well as commit their children and grandchildren to working at the automakers plants for slave wages.  No it is the other way around.  They have indebted people who arent even born yet so the security and banking industry can rake it in.  Silicon valley is in this shit up to its ears.  Millions if not billions of manhours going into acquisition scrutiny and storage of useless data on everyone everywhere/  Who reaps the profit.  The security and financing industry.  From the soldiers to the hightech computer suppliers and corporate financiers. Disgusting waste of human life.