The fallout economy
The fallout economy; first & most might of noticed with headlines of finance companies falling under, then banks raising rates as debt gets worse and then the competition drops off from finance companies so the banks remain the gridlock master as if they were not already, then the property boom comes to the nasty stage of downhill fallout and the real estate issues and BlueChip trying to help.
All in all in the pyramid scheme of debt and enslavement of debt to service; Banks are the only ones getting rich and those above the banks off-shore who control and finance this such plan, one must think of it like a pyramid scheme and the government is the biggest borrower. When shit turns to shit, the banks open the pyramid trap-door to those who sit below in it structure and with this fallout or drop comes the 'you owe us $$$ notices', here is when people can't do so (pay) and there own demise is mastered by a fallout to the rock bottom of the pyramid. The trap door curtain puller of the pyramid, the string puller as such sends the command down (commands go down, never up in a organization or unit unless there gripes), the puppets are the ones you see on the front line, desk jockeys at the bank, repocession agents, politicians etc etc. Now when I say curtain I am right, that is it's dropped down to cover the bank (the house) of whom the debt is owed to and well it collects on it's drop or fallout much like the functions of a bulldozer.
The crooked reserve bank of N.Z hasn't done much to help in fact just adjusted rates to make it look like it's trying to help. So now the kids offered the tertiary credit cards, home owners getting a mortgage easily and so on, will now look and think what happened? The mainstream over at the NZ Herald as well as other mainstream media clowns, only publish somewhat of ok article s but doesn't really cover the cold hard facts as per usual when it comes to things of this nature.
A few months back, a notable and respected good guy, Kelvyn Alp and also leader of the Direct Democracy Party said this would all happen, though it was a long time coming (more than months). For those who would like to know what he did say check out and read the 'Open Letter to the New Zealand People'. Here's a brief line from it:
That is not the end of the problem. Due to the Government's inability to be able to pay the “interest” component of the loan, it then becomes liable for “penalty interest” on top of that “interest” and therefore further debt arises. How can a country so rich in resources, wealth, and ability worth hundreds of billions of dollars be so broke? — «Permit me to issue and control the money of a nation, and I care not who makes its laws!» (Mayer Anselm Rothschild, Banker – 1743-1812) This statement is very telling indeed.
All that the mainstream media can come up with is so called research with what's already happened and only telling the briefness of the issue with non-everyday use of jargon and nothing promising in resolve, even then they cut off to get another so-called expert's opinion, no facts.
Mortgagee sale - two words likely to place a chill in the heart of homeowners and, according to a number of real estate experts, a phrase we will hear more as the property market continues its decline.
Trade Me has three times as many mortgagee sales listed as it did in December, up from 13 to 45 in a few weeks, while Auckland's biggest real estate firm Barfoot & Thompson has 23 mortgagee auctions and tenders on its site.
Quotable Value is also reporting more forced or mortgagee sales by banks, although it says its information is still anecdotal.
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