THE MORTGAGE MELTDOWN IS A RANDOM, ECONOMIC EVENT, RIGHT?
by Bob Tracey
Do you believe in Santa Claus? How about the easter bunny? The tooth fairy?
Of course not. You learned a long time ago that fairy tales are for children. Why then would you even consider for a moment the idea that something created by banks would be something for the benefit of anyone other than the very, very rich people that own them?
Every pusher working the streets knows that in order to sell drugs, all he has to do is give some away, get people hooked, and then clean up.
The cigarette companies know this, too. Make cigarettes look cool to kids, get them hooked on nicotine, and you've got them for life.
So the banks know something as well. Get people hooked on the low cost of money, and soon you get to take everything they own.
That may sound ridiculous, but that is exactly what is happening.
The American middle class is nothing but a massive collection of junkies strung out on the low cost of money.
For years of spiraling real estate values we've been using our homes like ATM machines. Better cars, nicer clothes, fabulous vacations. Why it certainly looks like the American middle class still believes in fairy tales, doesn't it? Even as the people we elect to govern us export the business and industries that sustain us, we continue to believe in the rigged two party political system that has turned us all into modern paupers.
Think I'm kidding?
In feudal Europe, the king owned everything, and the land was supervised by barons and earls, and the serfs that worked the land, were "allowed" to keep about half of what they earned. The other half went to the rulers. Now we all know that this was nothing more than a form of slavery, right?
So take a look at your paycheck. After all the deductions, what have you got left? About half, right?
So what makes you different than the slaves of feudal Europe?
Only one thing. The slaves of feudal Europe knew they were slaves.
A lot of Americans will become homeless slaves this year when the banks foreclose and take their homes. The banks are the kings, and our elected officials are the new barons and earls.
America. The land of the free and the home of the slave.
Bob Tracey is a 20 year resident of Las Vegas with a combined practice in real estate and mortgage finance. Visit him at http://www.willworkforbuyers.com