2009-2010 Recap

  1. No governmental relief is in sight for homeowners except in isolated instances of community action together with publicity from the media.
  2. State and federal governments continue to sink deeper into debt, cutting social and necessary services while avoiding the elephant in the living room: the trillions of dollars owed and collectible in taxes, recording fees, filing fees, late fees, penalties, financial damages, punitive damages and interest due from the intermediary players on Wall Street who created trading “instruments” based upon conveyance of interests in real property located within state borders. The death grip of the lobby for the financial service industry is likely to continue thus making it impossible to resolve the housing crisis, the state budget crisis or the federal budget deficit.
  3. Using taxpayer funds borrowed from foreign governments or created through quantitative easing, trillions of dollars have been paid, or provided in “credit lines” to intermediaries on the false premise that they own or control the mortgage backed securities that have defaulted. Foreclosures continue to hit new highs. Total money injected into the system exceeds 8 trillion dollars. Record profits announced by the financial services industry in which power is now more concentrated than before, making them the strongest influence in Federal and State capitals around the world.
  4. Toxic Titles reveal unmarketable properties in and out of foreclosures with no relief in sight because nearly everyone is ignoring this basic problem that is a deal-breaker on every transfer of an interest in real property.
  5. Evictions continue to hit new highs as Judges continue to be bombarded with ill-conceived motions that do not address the jurisdiction or authority of the court. The illegal evictions are based upon fraudulent conveyances procured through abuse of the foreclosure process and direct misrepresentations and fraud upon the court and recording system in each county as to the documents fabricated for purposes of foreclosure — creating the illusion of a proper paper trail.
  6. 1.7 million new foreclosed properties are due to hit the market according to published statistics. Livinglies estimate the number to be at least 4 million.
  7. Downward pressure on both price and marketability continues with no end in sight.
  8. Unemployment continues to rise, albeit far more slowly than at the beginning of 2009. Unemployment, underemployment, employment drop-outs, absence of entry-level jobs,  low statistics on new business starts, and former members of workforce (particularly men) are harbingers for continued decline in median income combined with higher expenses for key components, particularly health care. The ability to pay anything other than rent is continuing its decline.
  9. Concurrent with the increase in foreclosures and the decrease in housing prices, official figures put the number of homes underwater at 25%. Livinglies estimates that when you look at three components not included in official statistics, the figure rises to more than 45%. The components are selling discounts, selling expenses, and continued delusional asking prices that will soon crash when sellers realize that past high prices were an illusion, not a market fluctuation.
  10. The number of people walking from their homes is increasing daily, including people who are not behind in their mortgages. This is increasing the inventory of homes that are not officially included in the pipeline because they are not sufficiently advanced in the delinquency or foreclosure process. This is a hidden second wave of pressure on housing prices and marketability.
  11. With the entire economy on government life-support that is not completely effective in preventing rises in homelessness and people requiring public assistance, the likelihood of severe social unrest and political upheaval increases month by month. Increasing risks of unrest prompted at least one Wall Street Bank to order enough firearms and ammunition to start an armory.
  12. Modification of mortgages has been largely a sham.
  13. Short-sales have been largely a sham.
  14. Quiet titles in favor of homeowners are increasing at a slow pace as the sophistication of defenses improves on the side of financial services companies seeking free homes through foreclosures.
  15. Legislative Intervention has been ineffective and indeed, misleading
  16. Executive intervention has been virtually non-existent. The people who perpetrated this fraud not only have evaded prosecution, they maintain close relationships with the Obama administration.
  17. Judicial intervention has been spotty and could be much better once people accept the complexity of securitization and the simplicity of STRATEGIES THAT WORK.
  18. Legal profession , slow to start went from zero to 15 mph during 2009. Let’s hope they get to 60 mph during 2010.
  19. Accounting profession, which has thus far stayed out of the process is expected to jump in on several fronts, including closer scrutiny of the published financial statements of public companies and financial institutions and the cottage industry of examining loan documents for compliance issues and violations of Federal and State lending laws.
  20. Prospects for actual economic recovery affecting the average citizen are dim. While there has been considerable improvement from the point of risk we had reached at the end of 2008, the new President and Congress have yet to address essential reforms on joblessness, regulation of financial services (including insurance businesses permitted to write commitments without sufficient assets in reserve to assure the payment of the risk. The economic indicators have been undermined by the intentional fraud perpetrated upon the world economic and financial system. Thus the official figures are further than ever from revealing the truth about about our current status. Without key acceptance of these anomalies it is inconceivable that the economy will, in reality, improve during 2010.
  21. Real inflation affecting everyday Americans has already started to rise as credit markets become increasingly remote from the prospective borrowers. Hyperinflation remains a risk although most of us were off on the timing because we underestimated the tenacious grip the dollar had on world commerce. While this assisted us in moving toward a softer landing, the probability that the dollar will continue to fall is still very high, thus making certain non-dollar denominated commodities more valuable. This phenomenon could affect housing prices in an upward direction if the trend continues. However the higher dollar prices will be offset by the fact that the cheaper dollars are required in greater quantities to buy anything. Thus the home prices might rise from $125,000 to $150,000 but the price of a loaf of bread will also be higher by 20%.
  22. GDP has been skewed away from including econometrics for actual work performed in the home unless money changes hands. Societal values have thus depreciated the value of child-rearing and stable homes. The results have been catastrophic in education, crime, technological innovation and policy making. While GDP figures are officially announced as moving higher, the country continues to move further into a depression. No actual increase in GDP has occurred for many years, unless the declining areas of the society are excluded from what is counted.
  23. The stock market is vastly overvalued again based upon vaporous forward earnings estimates and completely arbitrary price earnings ratios used by analysts. The vapor created by a 1000% increase in money supply caused by deregulation of the private financial institutions together with the illusion of profits created by these institutions trading between themselves has resulted in an increase from 16% to 45% of GDP activity. This figure is impossible to be real. As long as it is accepted as real or even possible, public figures, appointed and elected will base policy decisions on the desires of what is currently seen as the main driver of the U.S. economy. The balance of wealth will continue to move toward the levels of revolutionary France or the American colonies.
  24. Perceptible increases in savings and consumer resistance to retail impulse buying bodes well for the long-term prospects of the country. As the savings class becomes more savvy and more wealthy, they will, like their counterparts in the upper echelons of government commence exercising their power in the marketplace and in the voting booth.


10 Responses

  1. I AM DOING MY PART AS AN AMERICAN, I AM DONE PLAYING “THE COMMERCE GAME”
    THE “ONLY” THING TO DO NOW IS TO MAN UP, “STOP” ALL FURTHER PAYMENTS TO ALL BANKS FOR ALL DEBT’S, FOR ANY PROPERTY THAT IS SUBJECT TO “CONFISCATION” BY TRICKERY AND SLIGHT OF HAND.
    I AM MORE POPULAR NOW THAN I HAVE EVER BEEN IN MY ENTIRE LIFE, IT USED TO BE YOU HAD FRIENDS TILL YOU RAN OUT OF CASH NOW THE F##KING BANK CALLS ALL DAY LONG, THE COLLECTORS HAVE NO CASH FLOW, SO THEY ARE BEHAVING VERY BADLY, BUT WHO GIVES A SHIT FUKEM THEY HAVE A BIG HOLE, I THOUGHT I WAS IN TROUBLE.
    WHAT A GREAT EVENT, THE COUNTRYWIDE’S BIGGEST BANKSTER HAS INVADED NASCAR SPRINT CUP.
    BANK OF AMERICA 500 HOW PATRIOTIC.

  2. audit the fed..@ least Ron Paul continues to push .
    http://www.streetinsider.com/General+News/Ron+Pauls+Amendment+To+Audit+The+Federal+Reserve+Approved/5128440.html

    look HERE and see what taxes you REALLY owe , the cover pulled back
    to expose the criminal & treasonous slime that stole our GOV. thru control the monetary policy with the creation of federal reserve / IRS & STATE TAX BOARDS.
    http://www.losthorizons.com/index.html

    ITS no wonder OUR GOV is prepared for the consequences of unrest of THE PEOPLE OF America once we finally discovered the truth.
    http://www.freewebs.com/imchaos/Public%20Money%20by%20David%20Merrill.wmv

  3. As individuals and as a country; we have been R-A-P-E-D by the banks and lenders, by Wall Street, and by the very government that is supposed to be “for the people, of the people, and by the people”. Can’t wait to see what 2010 brings our way.

    Steve
    99Libra@gmail.com

  4. The best defense is a good offense right… Confucius say, man with hole in pocket feel cocky =)

  5. I have to say that in the 35 years that I have been self employed and the 7Th recession that this country has been through, this is worst economy that I have ever seen. The cycle seems fairly regular,as I saw a UPS ad on TV a few months ago that stated that UPS had been in business for 100 years and had survived 20 recessions.

    But this time it seems different, and much worst. Maybe it’s because I am getting older. I fear for my children, there future. Anyway I was basically took out after 9/11 and have been living off the earnings of the previous 30 years.

    The only reason to believe it will get better, is that in the past it always has.

    Thanks Niel & Brad for the help you are giving to people.

  6. As the Chinese say, “crisis means opportunity”, in
    this case for major change. Since 1968, when Congress removed the gold reserve from Federal
    Reserve Notes and moved to a fiat currency, a massive wealth transfer from “Main St.” to “Wall Street”
    has occurred because the “banksters” were allowed
    to create money out of nothing and put the whole Nation in debt up to their necks. The interest alone on
    this fraudulent debt has reduced most Americans to
    debt slaves and can never be paid back without destroying the dollar. So what is the solution?
    As a Federalist, my solution would be a complete
    moratorium on all interest payments on private debt.
    A rescheduling of the principal over a 50% longer time
    interval. The Nationalization of the New York Fed and the formation of the ‘Third United States Bank” using
    Federal and state debt as backing for the issuance of
    new, interest free, red label, US Notes as currency.
    A new excise tax on foreign energy sources in order to
    retire the National debt over 20 years, so that the ratio of paper dollars to silver dollars goes from the
    current 15 to 1, back down to 1 to 1, another words
    gentle deflation over the 20 years to retire the National
    debt, exactly as the early Federalists, led by Alexander
    Hamilton did it between 1791 and 1811 with the “First
    United States Bank”.
    Back then, Continental paper dollars were trading
    at a 15 to 1 ratio to silver dollars when Hamilton took
    over. By 1811, it was back to 1 to 1. They did it back
    then, and we can do it now. It just takes the political
    will. The Republicrats will never do it because the
    “banksters” own them. This is why we need new people in charge and a resurrection of the old Federalist Party. Be the first in your State to get it
    going, get two friends, form a political action committee and run for public office as a Federalist.
    Let’s take back our country from Wall Street!

  7. Happy NEW YEAR ;0{ :O( :>{

  8. Let’s face it; we’re all screwed. It’s just a matter of how slow and painful a death it is for us all.

    Steve
    99Libra@gmail.com

  9. Only here can you get the real news of what is going on in our country and the world.

    Thanks,
    Dan Edstrom
    dmedstrom@hotmail.com

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