The Real News Post
Social Networking based News magazine, to get the TRUTH out, to foster Peace & Prosperity™
(Sign-In) | Sign-Up
Author: Real_News
Date Posted: 2010-07-21
Viewed: 37,030
Another Ultimate LIE told by Wall Street, aka right-wing lying, Media: US economy crashed due to Housing Bubble
You know I wrote this article originally in 2010, but astonishingly not One, not even a freaking One of the problems listed here, which problems lead to the near crash of US economy have been addressed. Read this article for yourself and see.

One of Ultimate Lies told by US Media, among mountain of LIEs they have told the American People and the World, is the Ultimate LIE that "US economy crashed in 2008 due to Housing Bubble"!

This cannot possibly be true unless US is in another planet than planet Earth! Given fact that avg House prices in US at their peak, in 2007, were below $200/Sqft, which is WAY less than what avg House prices are now in Europe, Canada, Asia, etc., given that avg House prices in most of Developed World are well above $250/Sqft, with most developed Nations having avg House prices at above $350/Sqft. In fact you have to go to poor 3rd World countries to find avg home prices as low as US. You can also see this fact by the fact that avg House prices where the Wall Street gang members reside, which is New York City and San Francisco era are an astonishing 10 to 20 times of the avg prices for Housing in rest of US.

So question is Why US Housing prices have not kept up with rest of Developed World?

Answers:

1- Lack of essentials such as Government run Universal Socialized health care which would SAVE typical American family $20,000 per year in health insurance premiums, and $50,000 and more in deductibles and co-pays if they actually need Hospitalizations. Something that ENTIRE Developed World has.

2- Our Taxes wasted on one War after another War after another War after another War after another War

3- Our Taxes wasted on a Gargantuan Military. Such as US providing FREE Military protection to Rich countries of Japan, Germany, UK, etc. whom all have Government run Universal Socialized health care and House prices that on avg are much higher than US.

etc. WASTE of our money on unnecessary things and not the investment and use of our Taxes in our People as other developed Nations in the World are making. All under the INSANE Con Job of the of the 1%, aka Wall Street Media/Cabal, that "Government is the problem and not the solution" - More on this point.

So along with such other Ultimate LIES told by US Media such as:

1- Iraq has WMD and thus the reason we need to wage War on this small country. A Lie that is so well known to the whole World to be a total lie by now that does not require further repudiation here.

2- Health care in US is the best in the World, better than Europe or Canada. A Lie that is mind boggling in its scope given the fact that 50Mill Americans have no health care while ALL Europeans, Canadians, etc. have health care, given that 1Mill+ Americans go bankrupt each year due to health care costs while ZERO Europeans, Canadians, etc. go bankrupt each year due to health care costs, or given that US health care results rank with poorest of 3rd World countries,

another Ultimate LIE by US Media, aka Wall Street right-wing lying machine, was and is that US had a Housing bubble which bubble bursting in 2008 lead to the economic crash.

And for a sampling of the FACT that avg House prices in Europe, Canada, Asia, etc. are well above $250/Sqft and nicely rising from these much higher average prices, here is one proof sample:
http://www.cnbc.com/id/38225475?slide=1

So contrary to there having been a "Housing bubble in US...", what the real FACT was and is, is that the US Housing market, like the rest of the US economy has not been keeping up with the rest of the Developed World for the last 30 years, and it fell so far behind the rest of the Developed World by 2007 that Capital Stopped coming to US and instead started going to the rest of the Developed World where beside Housing prices being much higher than US and going Higher, the Currencies such as Euro, Canadian Dollar, Australian Dollar, etc. were all going higher vs the US Dollar too.


College costs INSANE $100,000+ in USA vs Free or near Free in Europe!

Another reason we were given for collapse of Housing prices in USA, was the American People are under Mountain of Debt to go to College. This is True. Because of the same right-wing Cabal behind lack of NHS in USA, opposing going to College Free for Taxes we Pay, as people in Germany, France, etc. go to College Free for Taxes they Pay.

So that you can Pay $4000 per Month to rent a 2 Bedroom Apt while you can buy a $750K 5 Bedroom for same monthly payment.
So that your Wall Street LAND LORD can get Richer and Richer off your back. While the same Wall Street LAND LORD, aka 1%, are buying 1 10,000 Sqft $10-Million Home after another.

And meanwhile in Europe, etc. People can go to College FREE for Taxes they pay, and at the same time this 1% cannot wait to buy Homes in Europe and Vacay there, etc.

And it gets WORSE: same 1% who oppose FREE College for Taxes American People pay, clamor for more and more H1B visas, so they can hire more Europeans, who have gotten their College education FREE for Taxes they pay, while the poor schmuck American is going into $100,000+ in Debt for same college education that Europeans get FREE for Taxes they pay!

And it gets WORSE: Now they are running shows on HGTV, showing Americans living in "Tiny Houses", aka Coffin, so that, get this:
"They can save to vacation in Europe...." Check out the related Ads.

Wake up to the SCAM of the 1%, aka your LAND LORD, on US.


Another ULTIMATE lie: "Government forced the Banks to give mortgages to people who could not afford it"

Another great LIE to come out of the Wall Street Media/Cabal about Housing is this LIE:

"It was Government who forced the Banks to give mortgages to people who could not afford it"

This is a TOTAL LIE as there is NO law passed by a Congress and signed by a President into LAW, which told banks to "give mortgages to people who could not afford it."

So this is a Myth, conjured up by the Republican party and right-wing Media/Cabal and repeated over and over by them, to put the blame on the Government and Middle Class, rather than where it belongs which is US Government controlled by right-wing Media/Cabal (aka Wall Street) behind the scene.

And it should be obvious that such a Law could never exist given how US Government was/is controlled by Wall Street via their Army of lobbyist backed by 100s of Billions of Dollar to label anything that helps the American people as "Socialism Socialist" while Rich & Big banks got to write the rules. The BEST example of which was Jamie Dimon of JPM testifying recently in the Senate and the Republican senators falling over each other to KISS his arssss.

Of course another way of seeing that the US Government has rarely done anything for American people that the Big banks, Big corporations (aka Wall Street gang) did not like, is the FACT that US Government has not even passed into Law something as basic and essential for the well being of the American people as Universal nationalized health care (NHS), something that would SAVE the typical American family of 4, or small business hiring them, $15,000 per year, something that every, repeat every other developed Nation has had for decades. WHY? Because the $1-Trillion per year in SAVINGs that NHS would bring the American economy (People & Small businesses), would come at the expense of the Wall Street gang and a small privileged class at the top (aka 1%). So do you really think a Government that has NOT even provided its people with such basic and essential thing as NHS, would tell the Banks that "give mortgages to people who can not afford it". Of course NOT.


What about Mortgage reduction efforts

Another Con Job and non-sense coming out of right-wing Media is such non-sense as: "But how about the Government effort to help the home owners via the $20,000 Mortgage principal write off.." at the cost of $25Bill

Answer: This deal is BS on so many levels.

1st, why a measly $25Bill amount, why NOT $750Bill like the Republicans & Dems gave to Banks and Wall Street?

2nd, Americans do not need a pathetic $20,000 Mortgage principal reduction, but what they/we need are Universal Socialized health care and Universal Socialized College education which would SAVE a typical family of 4 about $500,000 in their life time, at current prices of health care and college education in US. Which Socialized services, Germans have, French have, Norwegians have, Danish have, Chinese have, Israelis the beloved nation of Republicans and right-wing Media/Cabal have etc. as a result of which these countries have MUCH LOWER unemployment, much better economies than US and average home prices that are well above the US average home prices and nicely rising.


Another related LIE about Housing: Freddi & Fannie gave easy loans

Freddi & Fannie as semi Government run organizations is another favorite scare crow of the Republicans and the right-wing Media cabal behind them. That is they kept stating that we had a Housing bubble and thus then the crash, when again we had NO Housing bubble, based on the lie that Freddi & Fannie made it easy for the Middle class Americans to borrow to buy a House.

To see this non-sense, lets look at the example of Canada vs US.
You see they have HIGHER percentage home ownership in Canada than in US and avg home prices in Canada are MUCH HIGHER than avg home prices in US too. So unless US is on another Planet than Canada, which it is not, in fact US borders Canada, then the question becomes WHY can for example Canadians afford to buy homes with much more Cash down than Americans and homes that are on average much more expensive too than American homes? Put in simpler term, percentage of home ownership is higher in Canada than in US, and they do not have a "Freddi & Fannie" to have "made getting loans easier... AND avg house prices in Canada are much higher than US too. How can this be? Of course this completely destroys the non-sense by US (right-wing) Media that the cause of US economy collapsing was "easy loans by Freddi & Fannie so that American Middle class could buy a House...." since again percentage of home ownership in Canada is higher than in US and they have NO Freddi & Fannie.


How is it possible that the US Media told such a lie as "there was a Housing bubble in US..."?

You do not expect the US (right-wing LYING) Media to place the blame where the blame for US Housing market and economy falling down belongs? NO. Of course NOT.

Because then they would have to state the FACTS as outlined above as to the reason for why US economy (Housing) has done so badly compared to the rest of the developed World which would be another proof as to how Republican Lunatics and FRAUD Obama Democrats and the US (right-wing) Media have lied and lied to the American people for decades, and continues to do so, as agents of Big Pharma, Big Insurance, Big Banks, aka Wall Street gang, and the HEK with American People. So instead they had to put the blame on someone else, and given the magnitude of the problem this time they could not blame the problem on the usual escape goats of the past that is the "Illegal Immigrants..", "War on Crime..", "War on Drugs..", "Alqaeda", etc.. So they blamed the Middle class for borrowing money to buy a house and NOT on where the blame belongs which is on the Big corporations (Big Pharma, Big Insurance, Big Oil, Big Banks, Big Military, aka Wall Street gang) and the US (right-wing LYING) Media that they control, for having lied and lied to American people that for example NHS which would SAVE typical American family $20,000 to $50,000 per year and more is "Socialism...", even "Nazism" and bad and instead our for-profit Wall Street run health care system that is putting an extra $1-Trillion per Year in pockets of Wall Street gang members from health care costs on back of American people, thus paying the Wall Street gang members $40Mill per year Salaries and enabling them to fly in $100Mill Private Jets, damn be how many Millions of Americans this bankrupts and kills per Year, is good.




Reference articles:

(1)
Health Insurers Making Record Profits as Many Postpone Care
http://www.nytimes.com/2011/05/14/business/14health.html?_r=1

(2) Homes in NYC, costing more than $5Mill, selling at more than $2500 per Sqft, set records as buyers out-bid each other:
http://video.cnbc.com/gallery/?video=2053196864

Private Message Author Recommend Article Follow This Author

COMMENTS     Posted: 88    Pending: 0

By Guest:   MarkWilson 2014-01-19

Rich man, middle class man, poor man. Ten cookies on a table. The rich man takes nine of the cookies. Then he turns to the middle class man and says, "Look out! The poor man is trying to steal your cookie!"

By Guest:   altUniverse 2014-01-19

It's not that conservatives have moved away from the reality most Americans live with every day. More generally, they've moved farther away from reality. The Conservative balloon was never tethered very tightly to the ground in the first place. It was always a daydream of the superrich to justify their status as the new aristocracy, born to rule the land. Reagan tethered those wished to the dreams of the fundamentalist Christians who also dream that they're the ruling moral elites of the country. The rich will govern the bodies of their subjects and the Evangelicals will govern their souls: a match made in Hell for the country.

Good rel8 article here:
http://www.huffingtonpost.com/robert-reich/david-brooks-inequality_b_4626943.html

By Guest:   AusieMan 2014-01-18

Really amazing what is going on in USA!
Wall Street owned Media, aka Zionist owned Media, must think either all American people are brain dead or the Internet still not here that allows us to by pass their right-wing lies and non-sense. My hats off 2U all here for getting the truth out.

By Guest:   FatCatt 2014-04-22

Agreed.

By Member: Trish2U 2014-01-09

Really a must read by all Americans to know what is going on and this country and how nothing has changed or will change as long as Wall Street media/money controls the agenda.

By Guest:   lookinglass 2013-11-28

What an EYE opening article.
What a total opposite of the lying garbage that comes out of US Media.
Want further proof

A look inside the many many Multi Million Dollar homes of Billionaire XYZ
http://www.forbes.com/sites/morganbrennan/2013/11/27/billionaire-sports-mogul-stan-kroenkes-many-spreads/

So while the member of 1% keep buying Multiple Multi Million Dollar homes that is great and “Good for them…”
OTOH, avg American buying a Pathetic $500K House is:
“living beyond their means…”
“The avg American better rent…”
etc.

while again the member of the 1% Wall Street Mafia arent just buying homes, but buying many many Multi Million Dollar homes.

By Guest:   sense 2012-11-27

Housing prices in US will EASILY DOUBLE over the next few years, simply due to the fact of how low average House prices are in US compared to the rest of the developed World and given the FACT of how little Houses have been built in US over last 4 years.

By Guest:   eyesOpended 2012-07-24

Why does the right-wing LYING Media keeps engaging in doom & gloom about real estate?

Because they want you to rather than investing in your communities, which would be the result of you buying Homes to live in, to send your money like a good SLAVE to Wall Street to buy Gold & Stock certificates, so that the right-wing Media/Cabal behind the Wall Street gang can get Richer & Richer off you. Also when you do not buy a House to live in, beside not investing in your communities, you will be of course renting, which usually is from the Wall Street Land LORDS, which again is another reason for them to doom & gloom buying Homes and instead have you rent from them to make them Richer & Richer off you.

After all avg House prices in NYC is a staggering $2500 per Sqft and going higher while avg House prices in rest of USA is less than the truly pathetic $200 per Sqft, which is less than ALL developed Nations, in fact on par with most 3rd World countries.

By Guest:   eyesOpended 2012-08-01

You have NAILED it on the head my friend.

So dont be FOOLED by Wall Street owned Media and send your money to Wall Street to buy Stock & Gold Certificates. Invest in your communities, in yourself, by buying Housing that you, your Children & Grand Children, can live in. After all when you buy a Gold Certificate, which is what right-wing lying Media wants you to as per non-stop Gold advertising on such right-wing Wachk shows as Rush, Beck, Orielly, etc., then that Gold certificate is absolutely useless, unless a GREATER FOOL shows up and pays you more for it. After all you cannot sleep in a Gold certificate, you cannot take shower in it, etc.

By Member: ThinkDeep 2012-06-05

Aanother way to see that there was NOT a Housing bubble in US, beside the FACT that average Housing prices in US are below the pathetic $200 per Sqft which is LOWER than avg Housing prices in all of the developed World, is to look at Gold prices. That is over last 10 years Gold prices have gone up like 400%, here:
http://www.kitco.com/charts/popup/au3650nyb.html

vs avg Housing prices in US during same time barely went up 100%, so how was Housing in a Bubble and it went up barely 100% but Gold is not in an ULTIMATE bubble!

Which question is specially pertinent to ask from for Republican lunatic doom & gloomers whom are pumping Gold all the time as "store of value". After all you cannot eat Gold, you cannot drink Gold, you cannot sleep in Gold, you cannot take shower in Gold, you cannot make love in Gold, you cannot raise your Children in Gold, etc. that you can do with real assets such as Housing. And you cannot rent out Gold either and make rental income from it as you can do by investing in Housing & real-estate. The ONLY thing that you can do with Gold is that some GREATER fool will show up and pay you more for it. So if a GREATER fool does not show up and pay you more for Gold, then all you can do with Gold is watch it fall in value.

Quality Vitamins at Competitive Prices
Our Products Include Cellular Detox, Cardiovascular Support, Hydroxy B12 and more with Free Shipping in the USA.
http://www.vitaminwagon.c
National Anger Management Association - NAMA
National Anger Management Association (NAMA) is the international professional association for the field of anger manage
http://namass.org
My Dog and I Exercise is for fun and fit
We are a website designed to influences dog owners to get out, get moving and exercise together. There are many benefit.
http://www.mydogandiexerc
One Stop Online Shopping
We are a one stop online shopping store carrying over 100,000 products: computers, video gaming, home, sports & more.
http://affordableandnice.
© 2010 - 2016: The Real News Post - All rights reserved

Site Design & Hosting By: immersite.net