Re: waiting for 7th october…2008

Indeed:

quoted:

Credit crunch forcing US middle classes to live in their cars

Homeless people living in cars and motorhomes across the US are being joined by a new breed: the middle class.

As mortgage foreclosures continue to rise, growing numbers of middle-class professionals are losing their homes and downsizing from four bedrooms to four wheels.

With numbers rising, New Beginnings, a homeless agency in Santa Barbara, California, has launched a safe parking scheme, whose aim is to provide a refuge of sorts for those who have nowhere to go other than their vehicle.

Guy Trevor lost his job as an interior designer when the sector contracted thanks to the foreclosure crisis. With his furniture sold and his belongings in storage, he now lives in his car, spending the nights in one of the 12 gated car parks in Santa Barbara run by New Beginnings.

“I see myself as a casualty of a perfect storm,” he said. “The people sleeping at the [car parks] are … just like me. They come from normal, everyday homes. I think a lot of people in this country don’t realise that they, too, are a couple of pay cheques away from destitution.”

more at:
http://www.guardian.co.uk/world/2008/jun/26/usa.creditcrunch

Re: waiting for 7th october…2008

Kid,

That’s simply not true. I live in Santa Barbara County, CA, one of the most expensive real estate markets in the country. I make the drive across the county every day and there are no houses boarded up. In fact, occupancy is virtually 100%. Moreover, existing home sales in California rebounded in July-August and that market is beginning to cook.

I also travel the state several times a year - from Mount Shasta to San Diego. What you describe above just doesn’t exist. Are economics tight for some people here? Of course it is. But is this credit “crisis” a harbinger of a decline into the Middle Ages? No. It’s a major market correction brought about by government manipulation of the credit and mortgage markets. But that’s all it is - a correction at the end of one market cycle that begins the next. And the correction can itself be “corrected” to a large degree with a stroke of a pen. Drop the “mark to market” requirement for mortgage lending instutions to value their holdings and replace it with a 3-yr rolling average. Bang! They just picked up almost one trillion dollars in realistic asset value.

Want to avoid this from recurring?

First, tell the government to return home loan qualifications back to their pre-1992 requirements. High risk loans to otherwise unqualified borrowers has been a boondoggle waiting to happen since the beginning of the Clinton years.

Second, bust up Fannie Mae and Freddie Mac under Taft-Hartley anti-trust proceedings. They are monopolies that control far, far too much of the credit market. They catch a cold and the mortgage market ends up with pneumonia.

Third, in whatever form Freddie and Fannie come out, redact their authority as non-profits to make political party or campaign contribitions. They don’t pay income-tax and most tax-exempt organizations are forbidded by state and federal law from involving themselves in political campaigns. Congress was warned by OFHEA in 2004 that there were problems, including criminal activities, at Freddie and Fannie that were going to result in a credit crisis. The Democrats in Congress blew them off…and continued to take the campaign donations.

Re: waiting for 7th october…2008

I will also attest to HDRKID’s baloney on that score, Darby. You see, Kid, this is the precise kind of crap that gets you in trouble. If you simply: (a) did appropriate research before shooting off your mouth with such a condescending tone, and (b) avoided making “statements of fact” that have no basis in reality, you would not be so trampled on by so many people here.

Now, I know you will ignore this, not address it, and simply spew more filth on some other topic to try and make yourself look good.

That is SOOOOO true, Darby. And there is plenty of smoking gun evidence out there for this. Why am I not surprised that the (liberal-loving) media is not reporting on it? For starters, here is the testimony from the “old man” himself, Alan Greenspan, telling Congress they needed to do something about Fannie and Freddie:

http://www.federalreserve.gov/boarddocs/testimony/2005/20050406/default.htm

Here is some of the most pertinent words in his testimony:

“Beyond strengthening GSE regulation (Fannie & Freddie), the Congress will need to clarify the circumstances under which a GSE can become insolvent and, in particular, the resultant position–both during and after insolvency–of the investors that hold GSE debt, as well as other creditors and shareholders. This process must be unambiguous before it is needed. Current law, which contemplates conservatorship and not receivership for a troubled GSE, requires the federal government to maintain GSEs as ongoing enterprises, but other than the symbolic line of credit at the U.S. Treasury, provides no means of financing to do so. Left unresolved, such uncertainties could threaten the stability of financial markets.

That was in April of 2005!!! Greenspan was totally doing his job and warning Congress. And you will note that NO HDR was required nor used by Greenspan. He was simply very good at understanding the economy. Again, it was his job!

And is anyone wondering why Barney Frank is front-and-center in this debacle on Capitol Hill? I would suggest that anyone can answer that question for themselves by looking around for Rep. Frank’s responses to Greenspan’s testimony from 2005 above. Let me just put it this way: He is all hot to fix this because he KNOWS what he said to Greenspan back then, and how he blew off this warning. Of course, the (liberal) media is not talking about this, because it would clearly erode Obama’s chances to win.

And let’s not forget, Obama was second on the list for receiving the most donations from Fannie and Freddie lobbyists! The only guy who got more than he did was Sen. Christopher Dodd…the guy who is now presiding over the Senate Banking Committee!!

RMT

Re: waiting for 7th october…2008

Ray,

Here’s another article from April 2007 BusinessWeek online:

Philanthropy, Fannie Mae Style

You can read the full article but this goes to my third point to avoid this situation in the future:

Re: waiting for 7th october…2008

Time for another update to this thread to counter HDRKid’s silly nonsense and “gloom and doom” about energy prices. He was wrong about oil prices staying below $4/gal this year, and he is already being shown wrong about his claim that they will soar way beyond $4/gal by the end of this year.

Here is a great story about what one patriot who owns a gas station has decided to do… start a GAS PRICE WAR to be the first one in his town below $3/gallon!

http://www.ketv.com/cnn-news/17622431/detail.html

And Kid: I don’t expect you to respond to this because it would make you look bad, but did you see the closing price for oil at the end of SEP and compare it to Darby’s prediction???

RMT

Re: waiting for 7th october…2008

To Recall:
It is really bad. Back in the Great Depression of the 1930’s my great grandfather fed many homeless people. He was lucky to have means to do so. I have talked to my neighbors about putting trailers on my land to house people. One of my neighbors has seven trailers (empty right now) ready for renting.

To Rain:
Wake up, your pres just gave the banks 700 billion of your tax dollars which China will want back with interest. Things are a lot worse than you can imagine. You have already seen the banks begin to fall, price of food and fuel skyrocket and expect things in 2009 to get a lot worse for the economy.

To Darby:
I did astral time travel using HDR today. What I saw in the future was interesting. People using fireplaces and wood for heating. Also, people using boats for transportation. It reminded me of what John Titor spoke of that people in the future used sail boats for transportation. The trading post was the size of a dollar store.

California and Florida are ground zero in the economic war that is here TEOLAWKI - the end of life as we know it. John Titor said that by 2008 was when people would realize that the world they thought they were living in is over.

"The year 2008 was a general date by which time everyone will realize the world they thought they were living in was over. "

Where do I begin? Back in the 1990’s there was a push by the global elite to move away from oil and toward solar energy. They realized that if we continue to burn coal for electricity and use oil for transportation we would cause the polar icecap to melt; first Greenland and then Antarctica creating a global catastrophe. This melt water would stop the thermohaline circulation of the ocean. I believe Al Gore calls it the “conveyor belt”. Al Gore was the point man for the global elite. He realized that if the oceanic conveyor belt shut down, the sea would die and so would all life on earth.

However, an evil cabal put their man, George Bush in power. This group was composed of big oil, big pharma, wall street, and others. They did not care if the planet was destroyed. They said that global warming was a hoax, peak oil was a hoax, etc. As a result these two factions are now in a bitter battle for control. The global elite know that the US has in the form of oil shale over ten times as much oil as Saudi Arabia, and a 500 year supply of coal. However at our current rate of consumption we will destroy our atmosphere in a few years. The average American use 100X more fossil fuel than a person in India or China.

Back in the 90’s my dad was working on building bullet trains to connect the US. There was even talk of a chunnel connecting Russia and America. They were maglev – that means magnetic levitation and use electricity. This was to replace fuel using jets. Also, he was into production of solar cells and wind power.

The plan back then was to replace gasoline in cars with concentrated natural gas of which the US has plenty and use wind power for electricity. Many call this the Pickens Plan. Actually they wanted to build a pipeline for gas from Alaska to California and also to set up hydro in Alaska to bring water to California, Arizona, and New Mexico.

Eventually they would have thousands of wind mills and switch all cars to electric power using ultracaps, not battery power. Al Gore was all for it. Plans for the bullet trains where ready.

But Bush won. Actually, let me rephrase that, my pal Al won the popular vote, but lost Florida due to Jeb Bush, George’s brother throwing out thousands of black votes. As a result we see the global elite circle their wagons and go on the attack. They believe that if they fail the planet will die.

First thing they did was pump massive amount of money into the housing market and create an artificial boom. Most of these houses were sold for great profit. Luxury condos were built on a massive scale. They created the illusion of prosperity by creating millions of jobs, but all the while they were closing US business and shipping them offshore. At first the government noticed that the balance of trade was getting worse.

By 2005 having outsourced and offshored the heart of America they began phase two where they crashed the banks. First they started pulling out massive amounts of money and at the same time selling property. Banks began to falter and stop loaning money.

As unemployment increase workers could not find jobs and began to fall back on mortgage payments. Banks began to foreclose. Construction jobs dried up. The government did nothing. Finally the banks needing money began to dump foreclosed properties on a saturated market. Housing prices plummeted. The banks were now underwater owing more money than they were worth. The global elite used fear and panic to get people to withdraw money from the already weak banks.

Banks began to fail. Those still in business refused to loan money. I predicted back in 2005 that GM would fail because oil would go up and also because banks would not loan money on autos. Sales of new cars are now down meaning that more plants will close and more people out of work. These people will lose their houses driving prices down even further.

We are now moving from a mild recession to a deep depression as the economy spirals out of control, but the global elite are not done yet. Phase three is coming. They want the Arabs to refuse to sell oil to America, and the Chinese to demand euros.

Go to Wal-Mart, most products say MADE IN CHINA. If the Chinese and other countries demand euros and will not accept dollars, then the dollar will plummet on world market. Without oil, US will grind to a halt.

A big event such as Israel attacking Iran might trigger an Arab Boycott of the US. The globalists want the euro to replace the dollar. They are pushing for this hard. Many banks in Europe were burned with the mortgage meltdown of the US. They see a declining dollar as bad and will prefer to hold gold.

When people panic they will buy gold and silver. I believe that personal ownership of precious metals will become illegal at that point. The treasury will print even more money causing inflation. This will cause people to lose faith in banks and their government.

Phase four is when there is no food in the grocery store and no fuel at the filling station. The government will ration food & fuel and pass laws against hoarding. Many Americans will go live in Europe. To prevent a massive exodus the US gov will prevent people from evacuating.

I believe that it is around this time when russia attacks america.

Re: waiting for 7th october…2008

I remember that plans for CNG & LNG back in the early 1980’s. Know why it never happened? The enviornmentalists shut it down. The environmental terrorists had plans to blow up LNG plants. That’s been the problem all along with that movement. There are vast numbers of good hearted, level headed people involved but they aren’t the leaders. They are the public support. The people at the top who drive the car called Enviornmentalism have no plan for any new energy sources. No matter what plan comes around they will find a way to stop it or at least slow it down to the point where the hoops that the developers have to jump through will make it cost ineffective so they have to abandon the plan.

Re: waiting for 7th october…2008

Recall, another person says also that
something is going to happen on October 7.

Dr Bill Deagle says it will either be
economic or terrorist event.

Here the link, see October 4th:

Dr Bill Deagle

Re: waiting for 7th october…2008

But Designer:

What about those “bigger fish” in the cornspiracy/alient ET movements who say it will NOT happen? It would seem David Wilcock (a favorite “prophet” of these types) is saying it will not come to pass. From the project camelot page you cited:

“David (Wilcock) felt that the events would not occur for three reasons:
– The ETs would not permit it.
– The Illuminati might be willing to kill large numbers of people, but not destroy vast tracts of real estate and infrastructure.
– He would have received notice of this himself.”

And Project Camelot rates right up there with GLP!
RMT

Re: waiting for 7th october…2008

How do you feel about the predictive linguistics, Ray?

Webs spiders are considered as useful tools at least in the interpretations of trend analysis.

Seems kinda psuedoscience to me—but they are doing a fine job of scaring the living hell out of people.

Re: waiting for 7th october…2008

kanigo2

Reactor1967 I think could write a half decent program that act
like a web spiders. All you need is to capture date stamps
with words with different weights. I think I could help out
but I am currently working on a project(Puzzle game).

See link for Clif High (Half Past Human) (26 September 2008).
The mp3 give a half decent explanation.

How this web spider works.

Re: waiting for 7th october…2008

Forgot to say this but both
Dr. Bill Deagle and Clif High
are both believe in an Oct 7th
event that is financial and
economic. Nothing will be the
same after this. They are both
not related in any field.

Re: waiting for 7th october…2008

I thought reactor was making a web spider that viewed pictures..

I was interpreting his work/and his association/connectivity resolution imaging-- all along.

I was assuming he was going to start out-putting here shortly.

my only concern at the moment is that images need linguistics to be labeled for searches..and as it stands that is the preferred method for searching images at the moment.

Re: waiting for 7th october…2008

He may use a binary dictionary
style API to a binary tree of data both ways!
and set the relevance or “weight” of the words…

ie: Timetraveler, Time Monk Time distortion, time anomaly , rift of time…

Re: waiting for 7th october…2008

Kanigo2

Here the basic idea of what recall15 is doing.

What I understand recall15 could possibly later can implement
what half past human can do if we ask him to. Or someone
else can do a plug in but the baseline is already there which
is great.

Re: waiting for 7th october…2008

You know…I haven’t been very active on this thread for the past few weeks. There’s a reason for that. Even though I have been engaged in a somewhat “heated” debate with Lyndzee on his/her thread, that thread is much more interesting that this one. Lyn, at least, has posed a situation that is ammenable to discussion, debate and rebuttal.

Re: waiting for 7th october…2008

6 days… do you think someone should knock on HDRKids shelter door and tell him ‘it’ didn’t happen and he doesn’t need to live on spam after all!

Re: waiting for 7th october…2008

My_Time,

Nah. Let him enjoy his spam. )

Re: waiting for 7th october…2008

I do think it is interesting that you, Darby have posted on this thread 60 times where HDRkid himself has only posted 53 times. It seems like you are indeed interested in this thread.
If I was not interested in someone I sure the heck wouldn’t post that many times.
I think you may even be the one who has posted the MOST. (Rainman only around 46.)
So as much as you pretend not to be interested… your actions speak different. )
Guess you will have to settle for this “less interesting” thread since it seems Lyndzee
may have left.

Re: waiting for 7th october…2008

Here, I’ll up my count in this thread, if that is what matters.

http://money.cnn.com/2008/10/12/news/economy/gas_prices/index.htm?postversion=2008101215

Gas price drop: Closing in on $3
Gasoline prices are within 25 cents of $3 but remain some 19% above year-earler levels.

So let’s take stock of a few Kid “prophecies”:

  1. Next Prez, Hillary? Nope
  2. Gas Prices & Trends? Nope
  3. Stock Market Below 10,000? Yep
  4. Collapse of Society? Nope

Well, 1 out of 4 really ain’t too bad for a prognosticator who makes educated guesses based on current data! But if he is really claiming to “RV the future” he is doing quite poorly at only getting 1 out of 4 correct. Statistically speaking, the Kid has shown nothing greater than a person making educated guesses.

And that is all the Kid is doing.
RMT