Current unemployment is officially about 9%; unofficially, it is
almost twice that. Forty-five million Americans now receive government
assistance to purchase food, nearly two million have filed bankruptcy
and more than a million have lost their homes in foreclosure
proceedings. As of September 2010, 23% of U.S. homes are worth less than
the mortgage loan. Homeowners across the country have lost an average
of 39% of the value of their properties over the last three years.
Commercial real estate values have fallen 40 percent since their peak in
2007, according to a recent Reuters article. It is this loss of equity
and value in real estate that is most troubling because it is directly
tied to what has happened to our economy in the last three years. It
wasn’t because of normal market forces like supply and demand. It was an
orchestrated pilfering of the wealth of this nation by private global
bankers and financial institutions in league with elements within the
government who have committed a series of crimes, the least of which are
abuse of authority and political corruption. How could this have
happened in America?
In September of 2008, we witnessed one of the most brazen and daring crimes ever to take place. It was pulled off, for the most part, in broad daylight and in full view of the whole world. In the space of a few days, this nation was the victim of an orchestrated theft of nearly six trillion dollars. That’s six million stacks of a million dollars each or $54,000 for every taxpayer - Financial Advisor
In September of 2008, we witnessed one of the most brazen and daring crimes ever to take place. It was pulled off, for the most part, in broad daylight and in full view of the whole world. In the space of a few days, this nation was the victim of an orchestrated theft of nearly six trillion dollars. That’s six million stacks of a million dollars each or $54,000 for every taxpayer - Financial Advisor
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