Because of our banking fascist system, which is feeding only bigger corporations and lets smaller firms to die. Richer people get richer with private anonimous bank accounts, filled with silver and gold. And they invest in real estates mostly. Why are houses more and more expensive? When one banker sell a real estate to the other, the first one has to make a deal and make some money, while the other one has to have the buyer. And when that buyer will be ready to sell, the price will depend if the house was upgraded,or not and depends on the price on real estate market. So...if all the prices on the market are slightly higher, John will be selling this house for 10-15% more money as he had bought it. But bigger problem is for those who would like to buy a house for the first time. For those, a house has unacceptable price. And that price will fall very sharply. Why? Because now there is almost none of trades going on (buy/sell) in Canada and very small % the west .
Car sales are in extreme low , small shops are closing down every day, real unemployment in US is 26%, not 4%!
You are viewing a single comment's thread from:
That's a very grim picture. What do you mean by the real unemployment in the US is 26%, not 4%? Why is there a difference between the real and reported values?
aint got time for this now. go and find why obama said that it will be "all right" with economy, despite, it was all rigged data and short lasting. it is all coming to surface...
Okay thanks for the pointer.