American Economic Collapse, Las Vegas Day 1
Posted on February 21st, 2010 by admin
http://inflation.us/
Day 1 of 2
BattleBornBroadcast
http://www.youtube.com/watch?v=rnWVmTP7l4o&feature=channel
and George4title explore the economic reality of Las Vegas. From the 9.8 billion dollar City Center to doubling our homeless population, Las Vegas is juggling both ends of the economic coin. George4title and BattleBornBroadcast hit the streets to make sense of a real estate market gone wild, commercial real estate collapse and billion dollar bust.
Economists predict more struggles for Las Vegas housing market
Las Vegas Sun – Buck Wargo – Jan 20, 2010
It will be continued suffering, NAHB Chief Economist David Crowe said of the Las Vegas economy and housing market in 2010. That is the simplest way to …
Tour the new dream home: At International Builders’ Show, it’s small, virtual … USA Today
Housing construction rebound is in slo-mo, economists say Dallas Morning News
Homebuilding Forecast: Modest Growth in 2010 ABC News
http://www.lasvegassun.com/news/2010/jan/20/economists-predict-more-struggles-las-vegas-housin/
http://content.usatoday.com/communities/greenhouse/post/2010/01/tour-most-innovative-house-never-built-on-virtual-display-at-ibs/1
Duration : 0:7:34
[youtube 2x3spE_X47I]
February 21st, 2010 at 1:27 pm
We are in the …
We are in the middle of a failed banking system that worked great for a smaller population but now the Federal Reserve Act has run its course. This system cannot work with large populations. Capitalism will die unless we get a new system. This present monetary system we are in is almost 100 years old since the founding of the Federal Reserve in 1913. This system will either go to total slavery of the people or a revolution to change it.
February 21st, 2010 at 1:27 pm
Federal Income Tax, …
Federal Income Tax, Social Security Tax, Medicare Tax, Property Tax (and they will take your property if you don’t pay, so you actually don’t own your property) Fishing and hunting tax, car liscense tax, sales tax, toll road tax, inheritance tax, food tax in some states……..and it goes on and on and on……..
February 21st, 2010 at 1:27 pm
The problem is the …
The problem is the American people are over taxed. It is hard for anyone to start a new business without the IRS getting their dirty paws into it. Unless you have a lot of Capital and a lucrative business you probably won’t succeed. When the tax rate gets to 100% in this country then you don’t have Capitalism, you have Slavery. But before taxes get to that point there will be a bloody revolution.
February 21st, 2010 at 1:27 pm
You will never see …
You will never see the Main Stream Media reporting the truth like this gentleman is doing.
Good job !
February 21st, 2010 at 1:27 pm
And when will you …
And when will you learn that communism has always been a pathetic failure.
February 21st, 2010 at 1:27 pm
at the end, the …
at the end, the only thing who’s gonna left is concret and metal structure, empty mall and men whit gun with no money to buy munition to make revolution about that,,, amen
February 21st, 2010 at 1:27 pm
when will you learn …
when will you learn communism is the best government
February 21st, 2010 at 1:27 pm
There has been a …
There has been a moratorium for 3 years on building. Where are all the people living, in an ever increasing population that was supposed to buy these houses and shop at the stores?
Where is everybody? there should be a housing shortage by now.
By the way George, your fingerprints are on that doorknob and lockbox that was pulled off.
Good video!
February 21st, 2010 at 1:27 pm
I’m not sure. All I …
I’m not sure. All I know, since people don’t take the time to research things that will allow them to see things coming ahead. The innocent people got fucked.
February 21st, 2010 at 1:27 pm
Nice video George, …
Nice video George, well done- powerful images that tell the real story of speculators that should not be bailed out. I don’t live in Vegas but did the city planners get blown out over this?
February 21st, 2010 at 1:27 pm
Why am I hear you …
Why am I hear you ask. I moved here years back to get away from my ex plus the ratio of women per one man, not including the tourist ladies. After I had my fun, decided to move away, I met my now wife of five years. Who knew.
February 21st, 2010 at 1:27 pm
The timing just …
The timing just happened at the same time the bubble was about to bust thanks to these greedy as banks, real estate brokers and, real estate agents. They new exactly what they were doing. I’ve seen far too many shows how the banks and, agents cooked the paper work. Yeah I know some lied to get a loan but, that was only about 15% if that. So the worse the housing market gets fr banks and, agents, the better I like it. To teach these people about avarice. No home here should cost more than 250k
February 21st, 2010 at 1:27 pm
My parents almost …
My parents almost purchased 2 homes in cash a few years ago but, their plans were diverted to the east coast for other reasons. Me and, some friends, along with youtube and, other avenues will educate the public FOR NOT wanting to but homes here. The crime is the 4th highest violent in the country, the school system is one of the worse in the country, the medical is one of the worse in the country, no diversity, weather is so so (either cold or too hot) + the homes are not built well.
February 21st, 2010 at 1:27 pm
I have NO sorrow …
I have NO sorrow for people who purchased homes in Vegas between 2002-2005. I told people, even when I woked @ Wynn Las Vegas about those bragging about buying a home here for 250k then flipping it for 400k plus. They all laughed at me. Not anymore. Hell, I was laughing when I first heard that. THE ONLY REASON and, I mean THE ONLY REASON homes, in Vegas, shot up soo much was due to people in Calif buying homes here in cash. Anyone who says different is a got lie.
February 21st, 2010 at 1:27 pm
It certainly would …
It certainly would be fun to explore.
February 21st, 2010 at 1:27 pm
@GovWillKillU FICO …
@GovWillKillU FICO scores are merely a lead to the more important information relative to one’s credit. Credit decisions are best not based upon FICO scores alone. Once permission is granted to look into credit, one can see not only that someone has defaulted, but also where, when and how much. A “perfect” FICO does not exist. Excellent scores, however are over 800. Congratulatiuons on your ability to default on your obligations and retain a “perfect” score. You are a model for all.
February 21st, 2010 at 1:27 pm
@GovWillKillU Very …
@GovWillKillU Very similar to Bangkok as well. There are literally hundreds of half finished high-rises abandoned in the early ’90s. It’s cheaper to start over again, so these rotting building husks remain to this day.
February 21st, 2010 at 1:27 pm
problem is, FICO …
problem is, FICO scores were overweighted and justified disporportionate credit expansion, now all those scores are far lower and a much lower willingness to borrow and lend. even a perfect FICO doesnt mean anything; plenty of perfect scores have defaulted (like me). so the system of building an economy on promises rather than true assets has failed.
February 21st, 2010 at 1:27 pm
exactly like china. …
exactly like china. empty buildings not subject to a true free market.
February 21st, 2010 at 1:27 pm
Credit problems are …
Credit problems are not caused by the size of individual loans. They are caused by failure to honor agreements. Few landlords are in the business of giving away occupancy, and credit ratings are a means of discerning whether prospective tenants can pay in a timely fashion, which is critical to profitable real estate investments. The only way to compensate for the added risk of renting to non-credit tenants is to charge them more rent, which tends to compound their problems rather than solve them
February 21st, 2010 at 1:27 pm
alembicmanticore; I …
alembicmanticore; I understand what you are saying, but I never said we took out large loans such as a mortgage. Our credit problems were mostly due to nickel and dime debts or debt that was inflated by some idiot. We never defaulted on a loan. I think it is unwise for landlords to reject us for a rental when our rental history is good…well the landlords in Vegas can just go ahead and choke on their precious properties!!
February 21st, 2010 at 1:27 pm
come back in 50 …
come back in 50 years & all of those unfinished projects will still be empty & vacant & in decay… in fact in much less than 50 years time into the future most of the vegas strip will be a ghost town too LOL
February 21st, 2010 at 1:27 pm
Party at the fed, …
Party at the fed, your definitely not invited:
watch?v=d0nERTFo-Sk&feature=player_embedded
February 21st, 2010 at 1:27 pm
Now I will not …
Now I will not enjoy all the prostitution, booze, drugs and gambling – knowing there is an empty property somewhere nearby
February 21st, 2010 at 1:27 pm
Hey George, just …
Hey George, just wanted you to know that the report you did was featured on a french radio talk show who covers the global economic collapse. Keep up the great work!