Quote from: triffid on August 18, 2010, 02:32:29 PM
It may take 7 to 10 years for some people to recover.But the worse credit record has a federal statue of limitations and thats 7 years.No need to commit suicide over money problems.Fear less if you can.Some states don't require 7 years of waiting.okla(3) and texas(4).triffid

All this *recovery* could take longer than predicted?
http://www.foxnews.com/politics/2010/08/20/nearly-half-participants-obama-mortgage-aid-program-drop/?test=latestnews

The article above probably expounds upon known conditions to the financial industry.
Not only is the national refinancing effort falling short of goals, half the homeowners are walking away from their newly refinanced mortgages anyway---the reason being, according to at least a few analysts, is that it isn't worth the effort to pay for a house that far "underwater."

This whole scenario goes on and on...

--Lee

Quote from: the_big_m_in_ok on August 20, 2010, 10:41:00 PM
This whole scenario goes on and on...

http://money.cnn.com/2010/08/17/news/economy/cities_risk_double_dip/index.htm
This is additional information...

http://money.cnn.com/galleries/2010/news/1008/gallery.early_social_social_security/index.html
I know what they're experiencing:  I'm 60.

--Lee

    If the United States or any other sluggish economy got off its ass and instead of creating a false economy based on profits earned buying and selling futures then their would be no problem.  We had the last boom in the late nineties and early 2s because we were industrializing china.  Now china is coming back to bite us in the ass as a competitor producing stuff we use to sell all over the world at reduced prices as they enslave their population.  I am an electric motor tech.  The motors I install on pumps are all made in china now.  Corporations dont care who is making their profits whether it be a chineese guy or an American guy.  They prefer the Chineese guy because his government could give a rats ass about his quality of life.  The chineese people are idiots.  I wouldnt leave a job in a rice paddie for a job in some sweatshop unless the government made me sell the rice paddies to them which appears to be their way of driving the farmers into the sweatshops.   Do we need these industrial produced things that badly that we take an agrarian population and convert it into a industrial population.  Who is going to feed all these new slaves.  Some idiot once said that if you control a countries money you control the country.  You control a countries ability to feed itself and you control the country.  The US before World War II use to be the breadbasket of the world.  Then industrialists seeing the power of the farmer started an outright war against them.  These people are hell bent on depopulating the Earth one way or the other.  Take Cuba for example or any other bannana republic.  These populations have been reduced to agrarian slaves to feed industrialized populations.  The food they produce is traded for cheap overpriced junk produced in industrialized nations.  It is so transparent only someone with the awareness of a kid on a sugar rush would miss it.  The haitian people wanted to rebel.  Wanted a voice in their own future.  Wanted to pursue a life of liberty and happiness..  What did they get.  A UN peacekeeping force propping up some puppet government who were exploiting these people over badly and will continue to do so after the dust from the Earthquake settles.  The exploitive we have a gun pointed at your head so get down and start doing our bidding have forced themselves into this type of behaviour from moving from subsistence into negativesistence farming.  There only alternative is to rape and plunder other countries aka colonize.  The British empire.  Rape and plunder to feed the preferred population.  The USA rape and plunder to feed the preferred population.  The Japaneese rape and plunder to feed the preferred population.  The germans rape and plunder to feed the preferred population.  How many countries are moving from industrialized to Agrarian.  Are there any advances in agrarian acreage.  The second world war followed on the heels of a famine created by poor farming practices coupled with drought due to increased sunspot activity.  You get starving people they will do most anything to survive.  Including but not limited to killing other people.

H. L. Mencken wrote in The American Mercury for April 1924 that the aim of public education is not "to fill the young of the species with knowledge and awaken their intelligence. ... Nothing could be further from the truth. The aim ... is simply to reduce as many individuals as possible to the same safe level, to breed and train a standardized citizenry, to put down dissent and originality. That is its aim in the United States."
Comment: The full passage reads: "The aim of public education is not to spread enlightenment at all; it is simply to reduce as many individuals as possible to the same safe level, to breed and train a standardized citizenry, to down dissent and originality. That is its aim in the United States, whatever pretensions of politicians, pedagogues other such mountebanks, and that is its aim everywhere else."

A great reading for anyone who does not want to be a slave.http://www.sott.net/articles/show/212383-V...aduation-Speech