The Liar Class

The Liar Class - the federal political leaders that swore an oath to defend and uphold the U.S. Constitution - are the root cause of our wrecked economy. After all, the Constitution is explicit in demanding only gold and silver based money yet these national traitors have sold out our labor to the international banksters.

Do you know what these vipers have in store for you next? Well if you read this blog you know by now that the economy is in a deflation because banks won't lend money to re-expand the supply of money. However, this has reduced the number of dollars necessary to buy many things including Real Estate. Hence, bankers don't want to be left holding the bag for these newly priced former assets. So they will get Obama to reduce the amount of distressed property owners' homes to what they are valued at with the current supply of dollars in the economy. But home owners will get not one penny of profit from the sale of the house until that reduction has been made up. A $400k home reduced to a $200k home, which is its real value today, will not reap that home owner any equity until the value of the house increases to over $400k once again. That could take 50 years or more - maybe never.

So in reality these home owners will be renters who get to pay for the upkeep of their rental units. Of course so many Americans are really dumb. But I don't think even the dumbest among them will fall for this swindle by the liar class.