Burning Down The House: What Caused Our Economic Crisis? Bombshell
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This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed securities market, which accelerated prices erratically, inviting speculation and loose lending practices which were both condoned and encouraged by existing regulation and carried out by risk-blind executives and Fannie Mae and Freddie Mac. Aside from ripping the corporate goons in the media, please be respectful in your comments. Thanks. Obama Bombshell Redistribution of Wealth Audio Uncovered
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There is nothing wrong with the subprime products if used correctly. I've used two of these successfully and am an advocate of these products. The first was a 5/1 adjustable. The initial rate was 5.25 while a fixed at that time was 8%. For the first 4 years, the rate went down. Then it went up for 4 years and stabilized. So over the 15 years we paid on the note, it never even got close to a fixed rate.The next was an interest only that converts to a variable after 10 years. Again...we spent the first 10 years paying not only the interest, but also paying down the principle. So by the time our loan adjusted, it adjusted $120k below what we purchased our loan for...so no sticker shock for us! So you see...if you use the products like you're supposed to, it can actually save you money and make it easier to get into a more expensive home than you normally would be able to!
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The Führer to the German People: 11 December 1941
"Already in 1940 it became increasingly clear from month to month that the plans of the men in the Kremlin were aimed at the domination, and thus the destruction, of all of Europe. I have already told the nation of the build-up of Soviet military power in the East during a period when Germany had only a few divisions in the provinces bordering Soviet Russia. Only a blind person could fail to see that a military build-up of world-historical dimensions was being carried out. And this was not in order to protect something that was being threatened, but rather to attack that which seemed incapable of defense ... I may say this today: If the wave of more than 20,000 tanks, hundreds of divisions, tens of thousands of artillery pieces, along with more than 10,000 airplanes, had not been kept from being set into motion against the Reich, Europe would have been lost.” http://www.tomatobubble.com/id729.html
Jewish Supremacists created and guided the Communist movement, from its germination, to the “Russian” Revolution, the seizure of Eastern Europe, its tentacles in America and Britain, South Africa and even in early Communist China.
The great Russian patriot Aleksandr Solzhenitsyn who himself suffered greatly in the Jewish-run Gulags, and who later won the Nobel Prize, stated these powerful words:
“You must understand. The leading Bolsheviks who took over Russia were not Russians. They hated Russians. They Hated Christians. Driven by ethnic hatred they tortured and slaughtered millions of Russians without a shred of human remorse…More of my countrymen suffered horrific crimes at their blood-stained hands than any people or nation ever suffered in the entirety of human history. It cannot be overstated. Bolshevism committed the greatest human slaughter of all time. The fact that most of the world is ignorant and uncaring about this enormous crime is proof that the global media is in the hands of its perpetrators.”
Since November 22nd, 1963 the USA has been ruled by
an illegal regime, as a vassal state to Israel and World Zionism.
We don't have a sound currency, Wall street is a casino full of crooks and the Federal Reserve is owned, controlled by oligarchs. Let's stop pretending....we are bankrupt, so in debt, impossible to balance the budget and will see Orwell's idea of a society ruled by technocrats and sociopaths because Obama is a marxist and under the control of the globalists. The dollar is used to enslave, not only here but all over the world.
We need the Iceland solution.... -
Socialism is the message, Marxism is the strategy and Fascism is the goal...
Democrats lost America's first Civil War because they enslaved Black people. Democrats are going to lose America's second Civil War because they attempted to enslave everyone else...
Not every Democrat was a KuKluxKlan member, but every KuKluxKlan member was a democrat.
When peaceful recourse is denied, violent redress becomes justified, it becomes manifold. -
This video is rather educational and would be much better received if it didn't look like something a hyperactive schoolkid slapped up in powerpoint. The music cheapens it even further. Who the fuck treats the classics like this? I think I'm gonna be sick…
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Poorly researched garage. Zero down payments was in the George W Bush "American Dream Act" signed by Bush in 2003.......and while the GOP controlled all three branches of the USA government.
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Lions n' tigers n' Bears, Oh my! So many stoopid comments, so little time. Sorry Libs, Ronald Reagan really did fix the economy and Dodd-Frank f***ed it up again.
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338 thousand dollars, omg time warner owns BO now :O
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The housing crisis lends itself to lack of personal responsibilities of the individual borrower. In short, don't get in over your head, if you know you can't bail yourself out. Every now and then, the economy needs to be cleaned up of offenders. However, you do not teach a lesson to the offenders, if you reward them with bailouts or slaps on their wrists. Economy should be regulated accordingly as should governments over reach! The next crisis will be healthcare, and or the market. If it hasn't already begun. Our education system is a shambles with ever more gov't interference. E.g. 'no child left behind' and now 'common core' There is a fine line between liberty, and gov't intervention... The best solution to this, is to raise your child in the unique steps of values, virtues and principles. So this way, you are not sending an interpretation out into the world, or to capitol hill, should they decide! But one instilled on righteous and pious judgement and truth!
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Democraps have really screwed America, we all know they wanted low income housing, just like today, and they set in stone policies that cause a world collapse
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Multiple studies show that the CRA didn't increase the amount of mortgages being loaned to low-income individuals. This was a market failure due to greedy capitalists. Who ever made this video is playing into the 2 party system propaganda machine by placing blame on the democrats and ignoring the actual problem. Go read a book and stop replying on youtube and wiki for all of your information.
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Nothing in this country happens by accident.
We have already had a revolution and now, the NWO is in 100% control with Barry Sotero as a spokeshole. -
Do you know how many republicans it takes to fix an economy?
No one knows. It has never happened! -
From your video you should really make the message simple, loud and clear:
IT WAS A HOUSING BUBBLE.
Just like that.
You're welcome. -
Background Musics: 00:00 Vanessa Mae - Storm (adopted from Antonio Vivaldi's Four Seasons (Summer)) 03:52 Diana Boncheva - Beethoven Virus (adopted from Beethoven's Pathetique (Movement 3)) 05:32 O Fortuna 07:31 Beethoven - Moonlight Sonata 09:48 Battle Hymn of the Republic
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Yeah, and people still blame Former President George W. Bush for the Government's shutdown in 2013. Please people this is what the Elite want, stupid, dumb ass people to be so confused on Government issues that they don't even take the time and research CRA. You would know Clinton's Administration was to blame, forcing Banks to loan on Risky Homes. Now, Obama is forcing Mandatory Health Care. I feel bad when a Republican President gets elected and it all comes crashing down again.
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Crap.
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Rasist gosh you let all these websites lie to you about Obama. I think he is a good man he did better than the last president. Common sence
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I came here thinking it was the song.
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Those clips are not replys to the Bush Admin. The Fed bank did drop rates, but was afraid to do more for fear of spooking the market. I blame riding the bubble, not so much Bush, GOP or Demos. Demos where not in control of congress then.
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Fannie n Freddie played parts in play known as 'Let's Ride the Housing Bubble' - classic boom and bust. I don't know if Bush II could have resolved the mortagage, but in any case his administration did not even mention any lumming crisis.
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