Comments on: Foreclosures Dropped in February, Helped by Rescue Programs and Poor Weather http://moneymorning.com/2010/03/11/foreclosures-2/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Richard http://moneymorning.com/2010/03/11/foreclosures-2/comment-page-1/#comment-17384 Richard Fri, 12 Mar 2010 15:18:34 +0000 http://moneymorning.com/?p=18311#comment-17384 Realty Trac needs to look into Reality Tracking and expand its story. 7 million homes are delinquent and this is just part of the Banksters' effort to hide the real value of their so-called assets. This is more pretend-and-extend with the same phony accounting practices that are now in-place. The FASB, which has suspended its normal accounting practices to protect the guilty Banksters and Politicians, really stands for ‘Fake Accounting Standards for Banksters’. In addition, there are 11 million USA homes ‘underwater’ and a ‘tidal wave’ of ARM loans is about to adjust! If all this isn’t bad enough, there are more than $ 1.5 trillion in Commercial Real Estate loan disasters already in the failure mode. With the real unemployment rate over 20%, see the past methods for calculations under Shadow Statistics, the USA is obviously in an Employment-Depression not a Recession. Wake-up America, the Government long ago ran out of other-peoples-money for which to pay its bills, just look at February, when the deficit was equal to 2-times the revenue, yes!! 2-times the revenue. $ 5 trillion in USA Government Debt is due/needs to be funded this year. The only way you can get money/blood out of this USA-Turnip is to print it. Monetize or default, the Frankenstein of Sovergn Debt, as the movie says, "It's Alive, It's Alive, It's Alive". All this is supported behind the curtain by the Wizard of Oz, the Fed. Hang on, the obvious will finally become obvious and the hocus-pocus of smoke and mirrors accounting and misinformation will vanish before your very eyes. Are you ready?? Let's get a handle on 1 million vs. 1 trillion. You should get some perspective on what the USA deficits from now until forever look like. 1 million seconds = about 12 days 1 trillion seconds = about 32,000 years Realty Trac needs to look into Reality Tracking and expand its story. 7 million homes are delinquent and this is just part of the Banksters' effort to hide the real value of their so-called assets. This is more pretend-and-extend with the same phony accounting practices that are now in-place. The FASB, which has suspended its normal accounting practices to protect the guilty Banksters and Politicians, really stands for ‘Fake Accounting Standards for Banksters’. In addition, there are 11 million USA homes ‘underwater’ and a ‘tidal wave’ of ARM loans is about to adjust! If all this isn’t bad enough, there are more than $ 1.5 trillion in Commercial Real Estate loan disasters already in the failure mode.

With the real unemployment rate over 20%, see the past methods for calculations under Shadow Statistics, the USA is obviously in an Employment-Depression not a Recession. Wake-up America, the Government long ago ran out of other-peoples-money for which to pay its bills, just look at February, when the deficit was equal to 2-times the revenue, yes!! 2-times the revenue. $ 5 trillion in USA Government Debt is due/needs to be funded this year. The only way you can get money/blood out of this USA-Turnip is to print it. Monetize or default, the Frankenstein of Sovergn Debt, as the movie says, "It's Alive, It's Alive, It's Alive". All this is supported behind the curtain by the Wizard of Oz, the Fed.

Hang on, the obvious will finally become obvious and the hocus-pocus of smoke and mirrors accounting and misinformation will vanish before your very eyes. Are you ready??

Let's get a handle on 1 million vs. 1 trillion. You should get some perspective on what the USA deficits from now until forever look like.

1 million seconds = about 12 days

1 trillion seconds = about 32,000 years

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