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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 3 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

Azorus


silverfish

Quote from: the_big_m_in_ok on January 12, 2010, 03:11:43 PM
They also warned they don't have enough.  They'll need to be bailed out if this trend continues.  People may quit trusting the whole banking system.  Bad scenario.

--Lee

And they don't trust them already? 27 trillion of taxpayer's money down a black hole, and the banks need another bailout?? when we are not told where this money is going, because it will undermine National Security? our children will be paying for this. Their children will be paying for this.
       A thug breaks into your house, takes all your money. He holds a gun to your head, threatens all the members of your household, helps himself to everything in your property, rapes your daughter, seizes your hard-earned savings and takes control. If you do not submit, he will shoot your family members one by one. This is the kind of situation we are facing. The TARP bailouts will not benefit the economy. They benefit the very institutions that caused the problem in the first place.
        If we do not submit to this plunder, then 'martial law' 'economic collapse', 'terror' (mainly false flag) is what we have been threatened with, and that is what we can certainly expect, unless we pull our heads out of the sand, stop trusting corrupt puppet politicians, and address the situation individually and collectively.
       

the_big_m_in_ok

Quote from: Azorus on January 14, 2010, 09:11:50 AM
For those of you familiar with it, welcome The Fair Housing Act.
http://www.hud.gov/offices/fheo/FHLaws/yourrights.cfm
From what I read, if you're over 55(I am), and you have a family(maybe in the future(?)), you're out of luck renting a place to live because the Govt exempted those landlords from that provision.
Is that accurate, Azorus?

--Lee

"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

the_big_m_in_ok

@silverfish, with respect to your Reply #316:

I don't have a lot of time on this borrowed computer, but I agree with practically everything you said.  Well said!

But your last sentence suggested that ordinary people stand up and demand accountability from corrupt politicians(that was the gist)?

Americans often can't agree on a great deal, anyway.  Too many ethnic groups, cultures and different religions, for starters.
Like Israel:  If it weren't for the Arab Muslim presence on their borders, they would be at each other's throats.  I heard a Rabbi say that and I'm Jewish.  He's right; I know what the people are like.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

Azorus

That is accurate, however that is not where it ends.  The Fair housing act is meant that no one can; Section 109 prohibits discrimination on the basis of race, color, national origin, sex or religion in programs and activities receiving financial assistance from HUD's Community Development and Block Grant Program.  This means that anyone is able to own a house.  I choose the word able careful.  In accordance with this program banks set up special departments to get people into house rather than to rent because it was in the banks intrest to have people take more loans out.  This worked against the banks in the end when unemployment/underemployment rose, because they had give so many sub prime loans out to people that just could not afford it.  You know the rest of the story.  In the end it is part banker fualt and part government fualt.  Having said that right now who is suffering from it?