This commentary from:
February 19, 2009
In the summer of 2005, I told my husband we had to sell our house and get out of California. I told him the housing market was going to blow sky high. John wasn't ready to retire and who likes to move? Then, he was diagnosed with cancer, so plans were put on hold. At the time, we owned a home in Natomas Park (Sacramento), which was ranked the number one planned development community in the U.S. around 2002-2004. I finally convinced John we had to get our house on the market. I came out here to Texas and bought this home in Texas in June 2006.
We didn't use our home as an ATM machine and were very lucky to sell it in September 2006. The rest of the dozens of homes within a few blocks of ours continued to sit on the market. John did retire as he could no longer work; we knew that was coming. He just had to hang on long enough out in Sacramento to get the house sold, closed and join me here in Texas.
The house across the street from ours sold in June 2005 for $405,000. Same floor plan as ours and square feet. Today it is appraised at $235,000. The house across the street on the other side of the aforementioned one sold for $655,000 (5 bdrm job) in July 2005. Today it is appraised at $319,000. The house we sold is now worth $190,000 less today than the day we closed escrow. Those owners will never be able to sell for what they paid. They'll either live there until they die or walk away.
Half of that highly desirable housing area is in foreclosure; auctions are twice a week. Had I not pushed John to get that house on the market and sold, we would still be in it and California where the taxpayers are being raped by their legislature in massive taxes to support some 8 MILLION illegals. Kissed and blessed by the movie "star," Arnie.
I'm telling you now as I have in my columns, writings and speeches for more than 15 years: We have reached the point of no return. We knew this was coming. It is here. What we're seeing right now coming out of Washington is an extension of the Fascism the Republican controlled Congress shoved down our throats for the 14 years they had power. The Democrats, who have had "power" since January 2007, in collusion with the impostor president, are moving us past socialism to pure communism and world government. Learn what these forms of goverment mean so you can recognize what is happening.
This is raw reality.
BIG trouble is coming down the pipeline at hyper speed right along with hyper inflation. No amount of words from professional politicans can change the numbers.
Those who continue to ignore the screaming red flags are going to suffer worse than if they took all steps possible to protect their assets. Trillions in pension funds are now at risk. I talked about this on my radio show recently. This is what the career politicans in Washington, DC, that keep getting elected over and over and over have allowed to escalate while they play their stupid political party games:
Little-known agency that insures pensions of 44 million workers braces for recession fallout
By DEB RIECHMANN Associated Press Writer
February 16, 2009
WASHINGTON (AP) — The deepening recession spells trouble for a little-known government corporation that insures the pensions of 44 million workers and retirees.
"The Pension Benefit Guaranty Corp. already has an $11 billion deficit that seems sure to grow larger as Corporate America suffers through the worst economic crisis since the Great Depression. With companies reporting shortfalls in their pension funds, it's all but certain that the PBGC will be forced to take over the pension plans of a rising number of bankrupt businesses.
"That means more red ink at the corporation before things possibly can improve. The future financial health of the agency is hard to forecast. It is hinged on interest rates, the length of the recession and the PBGC's own luck in playing the market, where it has billions invested.
"The agency has $63 billion in assets. But it is obligated to spend $74 billion on pension benefits in the coming years. The PBGC might have time to rebound, but over the long term it might become insolvent and require a bailout."
Bailout with what? The people's treasury is overdrawn almost $11 TRILLION dollars with debt for obligations of close to $72 TRILLION dollars. Have you fainted yet? You can only put so much air into a bubble before it bursts.
The impostor president, Barack Hussein Obama aka Barry Soetoro aka and so forth is going down over the citizenship issue. It's just a matter of time. There will be no change except some of the worst times this nation has faced since the "Great Depression." What Obama is doing is what FDR did. FDR with his toxic programs prolonged the depression:
http://home.hiwaay.net/%7Ebecraft/GreatDepression.pdf
Today on FOX News Network the new unemployment figure is 8.8%. That is misleading. It's much higher, but deception is what is being force fed to the American people. It will get much worse. There were 2.8 MILLION forclosures last year. If the 7 - 9 MILLION toxic mortgates is accurate, the situation is far, far worse than we thought.
This is 1933 Germany and the outlook is dire to put it mildly. Empty bellies make for angry mobs.
On September 25, 2008, I wrote a column titled: 'Bailouts: the wound that will keep on hemorrhaging.'
The patient is on the table bleeding to death. The "bail outs" and the MASSIVE back door tax increase (gang rape) called the stimulus package just passed will take America into a depression. Make no mistake about it because it IS underway. Some say within six months, others with decades of experience in the financial markets give us 18 months at the outside.
I encourage you to visit El Dorado Gold's web site and acquire gold. I'm not selling anything. I'm trying to help Americans understand history because it is now repeating itself.
Devvy
On live radio: Solutions Not Politics
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January 5, 2009:
According to a recent Bloomberg report:
"The U.S. economy probably lost more jobs in 2008 than in any year since the end of World War II as firings rippled from homebuilders and automakers to banks and retailers, a government report may show this week.
"Payrolls fell 500,000 in December, bringing last year’s decline to 2.4 million, the most since 1945, according to the median estimate of economists surveyed by Bloomberg News ahead of Labor Department figures due Jan. 9. The unemployment rate likely jumped to the highest level since 1993."
That we are entering a depression is a fact that cannot be denied and nothing can stop it. Not phony "stimulus" packages or creating more government jobs that produce nothing. The American people must focus spending their consumer dollars with American companies and do whatever you can to protect your assets while we suffer through the next few years.
Millions of Americans have seen their 401(k)s that the "experts" said would be fine, plummet. As much as two or three years worth of on the job wages contributed, now gone forever. Millions of Americans who planned to retire have found themselves in such dire straights from the looting the past four months, they have to stay on the job. Those "golden years" have been stolen from them by a corrupt government and corrupt private corporations.
If only there was something good to report, but there isn't. Reality is here and now and it isn't pretty. The portrait will get much uglier by the end of the first quarter of this year. The so-called "stimulus" package being proposed for $1 trillion dollars that does not exist will be $2 trillion by the time the interest is paid to the private Federal Reserve Banking System.
Does that make any sense to you? These crooks in DC will borrow a trillion bux to "give" to voters who in turn owe twice the amount back to the central bank and their stockholders in interest.
Read more here:http://www.devvy.com/devvy_EDG_personal_message.html
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