What’s that Flushing Sound?

Oh, it’s only US property values going down the toilet

No doubt you’ve heard the news: new homes sales are down–again. Click here for the news article (but please don’t swallow the fluff added to make the news more palatable, just read the facts and figures).

Not only are new home sales down, home values are back to approximately the same values they were enjoying in 2002.

All financial markets have cycles, and, following a downward move, there will eventually be an upward move, right? Assuming markets were allowed to function naturally without interference that would be so. But that would be a faulty assumption, because markets are manipulated.

One specific way in which the housing market has been manipulated has to do with a small group of market makers who met in Basel in Switzerland in 2004. They manage many financial operations throughout the world, including the US Federal Reserve Banking System, and they enjoy immunity from any jurisdiction on earth (though fortunately for us, they are not immune from heaven’s jurisdiction so we can still pray for justice). In case you are not familiar with the Federal Reserve Banking System, or in case you thought it was subject to some entity within the US government I will post a video at the end of this blog that you may find enlightening.

When this group of bank lords met in Switzerland they mandated that for the purposes of lending all property must be valued based on the most recent relative valuation of like property. This is called “marked for market”. It sounds like a bargain basement sort of process, doesn’t it? Everything must go!

It works like this. If you just bought a beach house for $1.5 million, went home and turned on the TV to learn that a hurricane is heading your way, your lovely home may have lost a considerable chunk of its value. If there is no hurricane, but the identical house next door is infested with termites and must be sold for $700,000, guess how the valuation of your house is affected. That’s right. Your house is now worth $700,000 as far as banks are concerned. So if you decide to sell, nobody is going to be able to borrow more than $700,000 to buy your house.

This is not a cycle–at least not one that will turn in your lifetime. This is a death knell for not only real estate values, but for our economy.

But if you think we should all just get along and lose our identities to be homogenized into one big one world system perhaps this will make you happy. Because the solution to the problem of the collapse of the US economy that will be offered is to accept the world currency that will be offered. Oh, yeah, by the way, you will have to accept the terms too, which probably will not be terribly favorable.

Have you spent decades feeling guilty about your grand style of life as a US citizen? Well, good, because you’ll have the opportunity to do penance.

I don’t believe in penance. I believe Jesus carried my sins on the cross–assuming it even is a sin to live well, of which I am not convinced.

This court that has convened to determine the guilt of the American people for being free and living well is not a heavenly one–far from it. They want us to feel guilty about breathing and eating cattle who breathe, and about driving cars and turning on incandescent light bulbs, while they hunt naked young women with handguns (OK, that wasn’t the bankers in Switzerland, that was George H W Bush and Dick Cheney according to Cathy OBrien’s accounts, but give me some leeway here so I can make my point). I’m just trying to give some perspective. Woe to those who call good evil and evil good.

The collapse of our economy will be blamed on us and on our greed. OK, so many of us have been greedy in many respects. But most of us are not crazed megalomaniacs trying to take over the world. And our greed only played into the master plan to destroy our economy, our nation and our liberty.

Can we manage to find the courage to examine the real problem, and to stand up to a handful of nasty bankers who conspire to enslave us? God help us (please), I hope so.