The coming economic crisis

katsung47 · Feb 3, 2017

944. See how big the bubble is (1/25/2017)

17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).

Here is a chart of median home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.

US-San-Francisco-California-median-home-sales-prices-1971-2015-05.png

From steep curve you may see how big this bubble is.

Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS ON AUG 12, 2016

San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.

Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country

Tull · Feb 3, 2017

People don't own houses or anything else,they borrow them for a time and must borrow to borrow them for a time,my real estate agent told me once that they don't care about you paying anything off or ever "owning" anything because long after you are in the ground that house or property will still be here making money for somebody

EastCoastRemnant · Feb 3, 2017

Tull said:
People don't own houses or anything else,they borrow them for a time and must borrow to borrow them for a time,my real estate agent told me once that they don't care about you paying anything off or ever "owning" anything because long after you are in the ground that house or property will still be here making money for somebody

We are all slaves... most of us just haven't realized it yet.

Tull · Feb 3, 2017

EastCoastRemnant said:
We are all slaves... most of us just haven't realized it yet.

As long as I can work and earn a decent living i'll take it,just passing through anyway.

variant · Feb 4, 2017

katsung47 said:
944. See how big the bubble is (1/25/2017)

17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).

Here is a chart of median home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.

From steep curve you may see how big this bubble is.

The issue is the quality of the credit that is being used to finance the prices not the prices themselves.

A national housing bubble is a crash worthy event, one in LA or CA is not. A steep price increase can be caused by other things like, low inventory or high demand.

katsung47 · Feb 17, 2017

945. The 2017 bubble(2/1/2017)

It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lent from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy programme. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble.

A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate balloon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.

I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble.

2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)")

3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.

katsung47 · Mar 3, 2017

946. Two unprecedented big bubbles(2/8/2017)

Real estates bubble.(see chart at #944) Stock market bubble.

You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.

Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank

Katherine Chiglinsky, Justin Sink, Elizabeth Dexheimer
Bloomberg February 2, 2017

President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule.

The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led byBlackstone Group LP Chief Executive OfficerSteve Schwarzman.

finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html

Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?

It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.

katsung47 · Mar 18, 2017

An interesting story:

Video: On June 1st The Deep State Will Move To Overthrow Trump: “There Is A Secret Agenda To Allow A Crisis… And Get Rid Of The President”
Mac Slavo
March 14th, 2017

On Wednesday, March 15, 2017 the U.S. government once again hit its debt ceiling. In short, this means that until Congress raises the ceiling, the government will be unable to borrow more money. If you remember the last time this happened, there were weeks of posturing by Republicans and Democrats while some government services started shutting down. After much deliberation and negotiation the debt ceiling was eventually raised and collapse was avoided.

But this time around we may see a very different set of events play out. If it isn’t clear to you just yet, President Trump is under attack from all sides. Democrats, the media and even members of his own Party want to see him fail. But perhaps more importantly, it is the shadow operators known as “The Deep State” who may take this opportunity to lay the blame for decades of machinations at Trump’s feet.

These shadow forces have been at work manipulating everything from the global economy to the political affairs of sovereign nations.

While March 15th is the day we hit our debt ceiling, June 1st, 2017 is the real date to watch. That’s the day the Deep State may finally pull the trigger:

And what better way to do that then to collapse the economy?

Video: On June 1st The Deep State Will Move To Overthrow Trump: “There Is A Secret Agenda To Allow A Crisis… And Get Rid Of The President”

ananda · Mar 26, 2017

katsung47 said:
And what better way to do that then to collapse the economy?

A collapse will be good .... for the sake of the millions of lower classes who might then be able to realistically afford to buy a house again, and other goods.

DennisTate · Mar 26, 2017

"There will be a sudden rush to buy farms, ranches, and homes in the country.

Thousands will attempt to flee from cities, hoping that a return to the land and

nature will provide security. There will be a growing urge to "get away from it

all"---and much money will be invested in land and acreage in rural areas by

people who have secret dreams of raising their own food and cattle and of

becoming self-supporting. The price of open rural land will continue to soar.

Acreage within 100 miles of most major cities will skyrocket out of reach to

all but syndicates." (David Wilkerson, The Vision, page 18,19).

Remember Pastor David Wilkerson... author of The Cross and the Switchblade?

DennisTate · Mar 26, 2017

And also......

Rabbi Advises: Invest in Israeli Real Estate, Prices Will Soar When Messiah Comes “Very Soon”

ananda · Apr 3, 2017

DennisTate said:
And also......

Rabbi Advises: Invest in Israeli Real Estate, Prices Will Soar When Messiah Comes “Very Soon”

Won't his messiah care about those who can't afford those soaring prices?

katsung47 · Apr 3, 2017

The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”
Mac Slavo March 27th, 2017

As global financial markets teeter on the edge of collapse, a report published this morning suggests that the run up in the U.S. dollar may be over. As of today, some 80% of post-Trump election gains have been wiped out and as noted in the special video report from Future Money Trends below, it appears that things are only going to get worse:

China sold more U.S. Treasuries last year than any country has ever sold in a single year… $188 billion worth… Japan is also making an exit, selling nearly $30 billion since election day… Belgium, Switzerland and Saudi Arabia have all become big sellers too…

Official national debt is $20 Trillion… the real debt has been calculated to be $200 Trillion… what’s not included in the official numbers is social security, Medicaid and Medicare obligations… Think about it… every penny spent on the military, welfare programs, foreign aid and even your Congressman’s paycheck… it’s all borrowed money…

The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”

Rick Otto · Apr 3, 2017

ananda said:
Won't his messiah care about those who can't afford those soaring prices?

He's bringin' a New Jerusalem with Him.
Besides, He's evicting a lot of bad guys so there should be plenty!
See ya there!

ananda · Apr 3, 2017

Rick Otto said:
He's bringin' a New Jerusalem with Him.
Besides, He's evicting a lot of bad guys so there should be plenty!
See ya there!

My goal is a higher heaven

OldWiseGuy · Apr 5, 2017

katsung47 said:
The Dollar Dump Begins: “China, Japan, Belgium, Switzerland and Saudi Arabia Have All Become Big Sellers”
Mac Slavo March 27th, 2017

China sold more U.S. Treasuries last year than any country has ever sold in a single year… $188 billion worth… Japan is also making an exit, selling nearly $30 billion since election day… Belgium, Switzerland and Saudi Arabia have all become big sellers too…

Who did they sell them to?

ExodusMe · Apr 6, 2017

Housing crash of 2008 was caused by misclassified debt and poor lending practices. For instance, they used to do drive by appraisals where someone could literally drive by your house and say it went from $400K to $500K in value. They would also misstate income all the while hand you an adjustable rate mortgage. This caused a domino effect as many people default on loans due to the increase in interest rates and banks lost tons of money on mortgage backed securities.

The only bubble i see looming is the risk in the bond market, but I don't see that as significant to the average person.

bhsmte · Apr 16, 2017

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