Our Economy Right Now

	Duration: 05:08 minutes Upload Time: 07-05-28 21:58:21 User: jjenson2006 :::: Favorites :::: Top Videos of Day
Description: http://www.longislandbubble.com This video is done to the tune of Van Halen's "Right Now". It is about how the housing bubble will push us into a severe recession and probably take the dollar with it.
Comments
eglmatt ::: Favorites This is what happends when a centralized private bank creates money out of thin air. 07-09-22 07:06:55 __________________________________________________
fastbusysignal ::: Favorites i like renting, it's cheap, and there is no risk. u get to live somewhere nice like Palo Alto cal. no repairs, no maintenance, if something bad happens to u in the house, u sue the landlord. when u rent, ur the boss! save ur money and pay cash if u have 2 live the little house on the prairie dream. or just by property in no, north cal or arizona desert, whatever 07-09-22 01:21:13 __________________________________________________
sighuponsigh ::: Favorites Who knew? Noone for sure, but its nice to hear. Unfortunately it does'nt help the problem for greed has a much stronger allure for most than a guilt-free mind. : / 07-09-21 12:08:08 __________________________________________________
Kissfromcharity ::: Favorites Guess what guys? There are actually some ETHICAL Realtors out here. Some that are not afraid or ashamed to work in other (salary paid)R.E. related fields until the market stabilizes. Some of us are NOT willing to lie, cheat, and steal, because of the declining market. Who knew? 07-09-20 22:11:57 __________________________________________________
jjenson2006 ::: Favorites Bailouts go against the true meaning of Capitalism. It is Socialism to be precise. Yes; the bailout will only make a bad situation worse. 07-09-18 12:30:34 __________________________________________________
Jerkix ::: Favorites I don't see how that's communist - bailouts happen all the time in capitalists soceities. The Fed cannot "bailout" the sub-prime loans because that doesn't fix the problem. It'll actually make things a lot worse, think high inflation! 07-09-18 10:39:04 __________________________________________________
JohnEJakuHing ::: Favorites Communist idealogy like subprime bailouts will only amplify the problem. 07-09-16 23:52:48 __________________________________________________
jjenson2006 ::: Favorites Of course you must be joking? If you haven't noticed, the dollar is on a steady decline which has just recently dropped below the support level of 80. Cutting interest rates to pre-2003 levels will instantly crash the dollar and immediately drive long term rates up which would put mortgages rates in the double-digits. Don't you know that short term rates were 1.25% in 2003? Anyway, any kind of rate cut isn't going to stop in inevitable crash. 07-09-13 19:50:19 __________________________________________________
videosmithlaguna ::: Favorites The interest rate is way to high for the conditions in the real estate market. The fed needs to cut down to pre 2003 levels again. It is true that it is tough out there but the American economy is a robust engine that will always repair itself. Also going through congress is relief from subprime loans which will slowly bring it out of this cycle. 07-09-13 19:09:16 __________________________________________________
Zopre ::: Favorites well think of the homelessness housing inflation was causing to the middle class while the pigs on wallstreet were getting richer. its nice to see wallstreet with their heads in the toilets for a nice change :-) 07-09-12 15:55:53 __________________________________________________