So you look outside and you
say that the world looks just like it did yesterday? Take a
few minutes to watch the YouTube videos linked
below and then ask yourself whether looks can be deceiving.
This proves that the value
of American housing now is down about 50% in many parts of
the country ... and in just a few months, too.
In my book,
Defensive Racism, I pointed out that
housing dropped to 10% - 25% during Depression I before the
bankers really stepped in and started buying with both
hands. Depression II will be worse, I also pointed
out. Worse. I took a lot of heat for that
prediction. Do you think it sounds quite so ludicrous today
as it might have in the go-go years of 2003/2004, when I
wrote it?
I also advised readers to
buy gold when it was below $300 an ounce (now pushing $700)
and silver when it was beneath $5 an ounce (now pushing
$14).
Before this is over, the
guys in these videos buying houses and condos for half their
early-2007 value will be just as put off as the builders and
sellers of those same condos and houses are today. And
those same builders and sellers will be saying, "I'm glad I
got out when I did."
Central California
Housing Crash:
Florida Housing Crash
50% Off:
Miami, Florida Housing
Crash 50% Off:
Housing Meltdown:
Mortgage Meltdown:
US Mortgage Mess Goes
Global:
Global Market Meltdown:
How Millions of
Americans Will Lose Their Homes:
Bill Moyers Housing Market Meltdown (from
June):
Many who thought I was
crazy as a loon back when I wrote
Defensive Racism today are grudgingly admitting
that I was right on the money about every single thing I
said. What should really scare them are the
yet-to-be-fulfilled predictions I made in that book that
concern the near future in America. Real estate falling
even more, to 10% of its former value, all over again, is
the least of it.
Buy copies of Defensive
Racism
- An
Unapologetic Examination of Racial Differences,
which extensively addresses the problems confronting America, now is
available through