The Homeless Move to Bushville.

By Lloyd Hart

This is what I have been watching the wires for, a report revealing the 21st. century Hooverville. As long ago as four years I was a warning everyone who would listen that there was the worst economic crisis in a generation coming. The reason I said this is because I saw the suits do this once before.

In the 1980's the Reagan/Bush crime syndicate created an artificial increase in the price of real estate causing an entire generation to consider selling and then selling off homes that had already been paid off or had been close to being paid off fueling a self perpetuating machine that increased the price of real estate far beyond what was reasonable for the working-class and middle-class to pay for rent or mortgage. And when the American public including investors and deregulated S & L speculators finished dumping the nation's capital into real estate and the real estate market became saturated with too much new and existing product, there came a point when the nation had bought as much real estate as it could. All of sudden the radically increasing cash flow that made Reagan look like an economic genius came to an end and the entire house of cards the Reagan built collapsed into over 15 million people becoming homeless.

This housing bubble we're watching collapse before our very eyes is exactly the same scam except on a much grander scale in part because of the deregulated banking sector where banks could gamble depositor money more freely in speculative instruments called investor backed mortgage securities traded on the stock market, but the more important part of why this economic collapse will be worse than even the Great Depression is as a result of Bill Clinton signing the NAFTA agreement. Draining the nation of high-paying jobs that the original free-trade agreement stole from Canada which NAFTA then moved to the Third World slave wage states like Mexico and China along with millions of domestic American jobs that helped build the middle-class to what was before the Reagan/Bush crime syndicate began to reverse the prosperity of the American people.

One of the more interesting additions to this nightmare created by the suits in Washington and on Wall Street and why this collapse will be far more intense, is the addition to the speculative real estate market in the U.S. by the international banking community which greatly expanded and sped up the inevitable saturation of the market. With not just America's money locked up in real estate with no where to go but now because Banks and investors from all round the world invested in this Ponzi scam it is going to become harder for central banks in all nations to sell Treasury securities like the U.S. has just done to bail the insurance giant company AIG. The more Treasury bonds the central bank's of nations around the world sell the value of the currency's of those nations against the price of goods will fall making matters even worse.

I am predicting that 30 million people will be made homeless while millions of homes sit empty just in the U.S. alone. Who knows what the numbers will be worldwide. What greater symbolic evidence does one need to have placed in front of them than the stark contrast of the world's wealthiest 10 percent living in a giant mansions while the people who created the wealth that put the world's wealthy in those mansions live in homeless camps all around the world.

As many among us end up homeless as a result of lawlessness and fascism of the monopolistic markets, it's not just regulation the economy and the environment needs, it's democracy. The democratic distribution of wealth to not just human beings but to the planet and all the planet encompasses.

It is my position that the first place we must start is with debt forgiveness right across the board and not just for the investment banking community that contributed the most to the Bush crime family syndicate's election coffers.

All mortgages, all credit cards, all business and personal loans, every form of debt must be forgiven and the homeless given full and complete ownership without debt or strings attached of the empty houses that are foreclosed on or are sitting empty because they're not selling. And while this debt forgiveness is occurring all elections in the U.S. must be brought up to international standards in order to guarantee that a democratic outcome occurs after every election. From this place and this place only there may be an opportunity to begin to turn things around. Otherwise?

I'll see you in Bushville!

In hard times, tent cities rise across the country

By EVELYN NIEVES – 21 hours ago

http://ap.google.com/article/ALeqM5htD-5rvP6yK7RZ008IAiqfAI5ZGgD9398LEG0

Lloyd Hart

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