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Posts Tagged ‘Great Depression’

The end of the American Dream? Fall in housing market is worst since Great Depression

October 7, 2011 Comments off

Like Satan, the U.S. is slowly withering away. They are over drawn in credibility, and short sighted in how their troops will achieve their objectives, and bankrupt in their nonexistent treasury that runs on false reports of value and fools gold, because the USA has very little in their possession. So, they are bankrupt in not only their defunct treasury holdings, but also morale values. A coupling effect that spells total self destruction. Satan will be forced to abandon his defunct USA for the European Union. But he resists, and that is why Mother will bring another pawn against the USA to completely break this camel’s back. The USA will have no choice but to join the EU and give up its sovereignty. That will cause internal strife in this country as the people turn on their betrayers. This sea of people (world wide) will be in turmoil until the end culminates with the impending Wrath of our Warrior Father, Yahweh.

Exodus 15:3 The LORD is a warrior; Yahweh is His name.

The American dream of home ownership has felt its biggest decade-by-decade drop since the Great Depression, according to new 2010 census figures released Thursday.

The analysis by the Census Bureau found the home ownership rate fell to 65.1 percent last year.

While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents.

The reason: a longer-term economic reality of tighter credit, prolonged job losses and reduced government involvement.

Unemployed young adults are least likely to own, delaying first-time home purchases to live with Mom and Dad. Middle-aged adults 35-64, mostly home owners who were hit with mortgage foreclosures or bankruptcy after the housing bust in 2006, are at their lowest levels of ownership in decades.

Measured by race, the home ownership gap between whites and blacks is now at its widest since 1960, wiping out more than 40 years of gains.

‘The changes now taking place are mind-boggling: the housing market has completely crashed and attitudes toward housing are shifting from owning to renting,’ said Patrick Newport, economist with IHS Global Insight. “While 10 years ago owning a home was the American Dream, I’m not sure a lot of people still think that way.’

He noted the now-diminished roles of mortgage buyers Fannie Mae and Freddie Mac, which for decades at the urging of government helped enable loans to borrowers with poor credit, many of them minorities. In a shift, the Obama administration earlier this year said it would move from a long-time government focus on promoting home-ownership for all and instead steer people with low incomes toward renting where appropriate.

Congress has been considering whether to eliminate the federal tax deduction for home-mortgage interest, a popular incentive to home-buying that’s been in place since the early 20th century.

Given depressed housing values that could continue for at least another four to five years, it now makes more sense in most cases to rent than own, Newport said.

Nationwide, the home-ownership rate fell to 65.1 percent — or 76 million occupied housing units that were owned by their residents — from 66.2 percent in 2000. That drop-off of 1.1 percentage points is the largest since 1940, when home-ownership plummeted 4.2 percentage points during the Great Depression to a low of 43.6 percent.

Since 1940, the number of Americans owning homes had steadily increased in each decennial census due to a mostly booming economy, favourable tax laws and easier financing. The one exception had been 1980-1990, when ownership remained unchanged at 64.2 percent.

Broken down by state, 41 states saw declines in home ownership since 2000, many of them in the South and West where foreclosures were more common. They were led by South Carolina, Alabama, Florida, Mississippi and North Carolina. On the other end of the scale, states with higher shares of vacation homes owned by affluent baby boomers saw small increases in ownership, including New Hampshire, Hawaii, Alaska and Vermont.

The U.S. housing crisis is far worse than the experience in most Western industrialised nations, which, unlike the U.S., did not foster markets of sub-prime lending to promote home-ownership. The U.S. continues to maintain a relatively high rate of home-ownership, surpassed only by countries such as Spain, Ireland, Australia and England. – Mail Online

US Housing Crisis Is Now Worse Than Great Depression

June 15, 2011 Comments off

It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.

Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.

The news comes as the Federal Reserve considers whether the economy has regained enough strength to stand on its own and as unemployment remains at a still-elevated 9.1 percent, throwing into question whether the recovery is real.

“The sharp fall in house prices in the first quarter provided further confirmation that this housing crash has been larger and faster than the one during the Great Depression,” Paul Dales, senior economist at Capital Economics in Toronto, wrote in research for clients.

According to Case-Shiller, which provides the most closely followed housing industry data, prices dropped 1.9 percent in the first quarter, a move that the firm interpreted as a clear double dip in prices.

Moreover, Dales said prices likely have not completed their downturn.

Source

If the United States does not continue to spiral into the pit of oblivion and appears to be on the rise, Yahweh has set an hourglass that will run out for not just Satan and his followers, but everyone and everything within this reality. Everything will be completely obliterated out of existence. We have received the warning from Her, and we are diligently continuing to try and bring to bear Her prophecies before the hourglass runs dry.

What are the chances the U.S. economy could eventually trigger violence in our country?

June 8, 2011 Comments off

FROM CNN’s Jack Cafferty: For the first time maybe since the Vietnam War or certainly since the civil rights movement, there are some darkening storm clouds on the civility horizon. A growing number of voices are continuing to suggest that if this economy doesn’t turn around, and people can’t start feeling optimistic about their futures again, we could be headed for some ugly scenarios. A new CNN poll says 48 percent of Americans think the country is headed for another Great Depression in the next twelve months. That is a stunning number.

James Carville, who in 1992 told Bill Clinton, “It’s the economy stupid,” says the current economy is so bad, there is a heightened risk of civil unrest. And unless things start changing for the better, it’s a distinct possibility.

Our country is bankrupt and our government refuses to do anything about it. Unemployment is stuck above 9 percent. Millions of Americans are out of work, some for a number of years now. The value of peoples’ homes is sinking below the break-even line. In the most recent jobs report, more than half of the private sector jobs that were added were at McDonald’s.

For young people coming out of the nation’s colleges and universities, their families having invested hundreds of thousands of dollars in their education, the outlook is grim.

Add in the early record breaking heat in the cities in the East and we might not even have to wait until 2012. It could become a long, hot, ugly summer.

Source

The United States said that the Egyptian government should have respected the people that were protesting. but when it happens here, will the U.S. hold that view. or will they use force against their citizens to try and regain control? That control will never again be under this present government. The people of the United States are destined to come under the new Rome’s citizenship.

If you do not want to be caught in the bedlam of the cities, there is still some time left. Group together and buy rural property where you can form a community and grow crops for sustenance. Try to obtain property with a fresh water supply… above ground. Build your shelter homes beneath the ground. Eventually Satan’s new rule will be crushed. If you are fortunate, and though you might have missed the first Rapture, there is a chance for a second one. By then you should have come to the conclusion that you were taught the Truth. Seek Yahweh and Christ with a clean heart. Pray for deliverance from this pit you are presently in.

CNN: 48% believe a Great Depression is coming within a year

June 8, 2011 Comments off

Alternate headline: Great Depression worries go mainstream.  I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession.  CNN’s latest poll shows an almost even split between Americans who expect a big collapse within a year, and, er, Americans who aren’t quite as worried about it:

President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll.

The three-point difference makes this a dead heat within the margin of error.  Moreover, this is the most pessimistic survey result we’ve seen on the subject.  In 2008, only 38% expected another Great Depression, which rose to 41% in 2009 shortly after Obama took office.  In the two years of the Obamanomics recovery, it’s jumped seven points — which shows just how effective people believe Obamanomics to be.

His Osama bin Laden bounce has dissipated, CNN’s analysis concludes, especially among Republicans.  Two weeks ago, 27% of Republicans approved of his performance, but that’s been cut almost in half to 14%.  Independents have also started peeling away, with a five point drop in the same period from 47% to 42%.  His overall approval rating dropped from 54/48 — apparently a math-challenged result in May from CNN that adds up to 102%, so I’m guessing that’s a typo for 54/46 — to 48/48 today.

Source

The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.

Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”

Satan asks this question, because children, no one dominates our Warrior Father Yahweh:

Psalm 13:2 “How long will I store up anxious concerns within me, agony in my mind every day? How long will my enemy dominate me?” For as long as it takes… to make a footstool out of your children Satan.

Empire in decline: Can the American dream stop the American nightmare?

June 6, 2011 Comments off

June 6, 2011 – NEW YORK – America clocked up a record last week. The latest drop in house prices meant that the cost of real estate has fallen by 33% since the peak – even bigger than the 31% slide seen when John Steinbeck was writing The Grapes of Wrath. Unemployment has not returned to Great Depression levels but at 9.1% of the workforce it is still at levels that will have nerves jangling in the White House. The last president to be re-elected with unemployment above 7.2% was Franklin Delano Roosevelt. The US is a country with serious problems. Getting on for one in six depend on government food stamps to ensure they have enough to eat. The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions. There is policy paralysis in Washington. The assumption is that the problems can be easily solved because the US is the biggest economy on the planet, the only country with global military reach, the lucky possessor of the world’s reserve currency, and a nation with a proud record of re-inventing itself once in every generation or so. All this is true and more. US universities are superb, attracting the best brains from around the world. It is a country that pushes the frontiers of technology. So, it may be that the US is about to emerge stronger than ever from the long nightmare of the sub-prime mortgage crisis. The strong financial position of American companies could unleash a wave of new investment over the next couple of years. Let me put an alternative hypothesis. America in 2011 is Rome in 200AD or Britain on the eve of the first world war: an empire at the zenith of its power but with cracks beginning to show. The experience of both Rome and Britain suggests that it is hard to stop the rot once it has set in, so here are the a few of the warning signs of trouble ahead: military overstretch, a widening gulf between rich and poor, a hollowed-out economy, citizens using debt to live beyond their means, and once-effective policies no longer working. The high levels of violent crime, epidemic of obesity, addiction to drugs and pornography and excessive use of energy may be telling us something: the US is in an advanced state of cultural decadence. Empires decline for many different reasons but certain factors recur. There is an initial reluctance to admit that there is much to fret about, and there is the arrival of a challenger (or several challengers) to the settled international order. In Spain’s case, the rival was Britain. In Britain’s case, it was America. In America’s case, the threat comes from China.

Source

Is there a diabolical plot being hatched that is slowly enabling the government to take control of key positions within the nation’s private sector? How can the beast keep itself afloat in a deathbed economy and a nonexistent gold reserve that is more protected to hide that secret than it is to protect the few bars of gold that are mixed in with the fake gold? How much longer can Satan keep blinders on the eyes of those on his Titanic Beast that is slowly sinking into the abyss of agony?

Psalm 48:6 “Trembling seized them there, agony like that of a woman in labor,”

The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.

Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”

Satan asks this question, because children, no one dominates our Warrior Father Yahweh:

Psalm 13:2 “How long will I store up anxious concerns within me, agony in my mind every day? How long will my enemy dominate me?”

For as long as it takes to make a footstool out of your children Satan.

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