Friday, June 24, 2005
The current worldwide boom in residential real estate prices is "the biggest bubble in history," according to a disturbing new report in the Economist magazine. [NewsMax.com]
Let's see. New bankruptcy laws close the door on bankruptcy. Housing prices inflated and low interest rates encourage people to max out the inflated equity. Bubble bursts and people are trapped in homes worth far less than they owe and cannot sell. Minimum payments driven upwards while wages continue to decline. Banks move in, foreclose, and grab up what is left of private property in the US.
The Day America Died
America as a free nation died Thursday. Death came without mercy at the hands of the United States Supreme Court which ruled, in a split 5-4 decision, that a city has the right to steal an American citizen’s property without due course and turn it over to private developers.
Death came to America after a prolonged period of life support. The United States has, for too long, been in a persistent vegetative state, brought on by a government that has abandoned the protections once guaranteed by the Constitution. The Bush administration, using fear of terrorism as a political sledgehammer, has stripped Americans of the right to counsel, the right to privacy and threatened even freedom of expression by suggesting that anyone who dares disagree with Dubya’s extremist right-wing views is a traitor to the flag.
But the Supreme Court yanked this ailing nation off life support Thursday by proving, as Attorney General Alberto Gonzales has said, the “Constitution is an outdated document.”
[Capitol Hill Blue]
PROPERTY RIGHTS DIED YESTERDAY
...it is a repudiation of the Founding Fathers and their belief in the essential nature of property ownership. [bobionsberry]
Treasonous agenda of the Trilateral Commission
The Trilateral Commission is another little known entity that is diligently and methodically working to destroy the sovereignty of this nation and put the United States under foreign rule – it is the twin monster of the CFR. [Devvy Kidd - NWV]
Fight the Liar Within, and then Fire The Liars!
A Majority Of One