The next real estate bust is in American Farmland prices. There is nearly 16 million foreclosed homes being kept off the market by fanny and freddie along with the banks and mortgage lenders. There is no housing recovery its a sham too created via Owebamas hold em back off the market hope and change plan to try and make it appear prices have stabilized and growth is now occurring................ Then we have American banks mostly in the midwest holding nearly 250 trillion dollars in EU debt bonds.............Anybody that doesnt see whats truly going down is just plain blind and hoping they keep printing dollars to keep the SCAM rolling until theres nothing left but Monopoly money.

Anybody who voted for this guy deserves what's coming down the track. It's the REAL Americans I feel sorry for.

Home loans for people with a poor history of paying it back. That makes wonderful sense. Yet more populist nonsense from just another socialist, whom when the beast goes belly up will happily slip back into the woodwork from whence he came.

O'bama is the most divisive politician and he wears his mask concealing his duplicitous nature well.

""The problem with socialism is that eventually you run out of other people's money" attributed to Margaret Thatcher. The problem is, the lesson is so obvious, it begs the question is Obama merely trying to finish the job started by Carter and Clinton? Why would he wish to do so? This is when you might have to indulge in conspiracy theories, as so many decisions have been made in different parts of the world that are so hard to rationalise, such as talking about ending boom and bust as you embark on a reckless, unfunded spending spree. You might try to defend them by suggesting those responsible simply don't know any better, but it's not credible to do so. There does appear to be an agenda, exemplified by far higher taxation and energy costs, and it's far easier to see that than it is to see how it could possibly benefit ordinary people.

It seems we are cursed to live in interesting times.

Here's a conspiracy theory. It is all about the destruction of the middle class that is not currently dependent on government and therefore not subservient to the political elite. Look at Lenin, Stalin, North Korea and the PRC for a few examples. They destroyed the middle class with bullets and gulags and as a result gained total control over their respective populations via fear. The western political elite understand that to gain control of a population the middle class must be eliminated as a class. They understand that bullets and gulags are not available options. They are using taxation as a tool to destroy the financial independence of the class and make its members dependent upon government handouts. When this is achieved the political elite are then the unchallenged puppeteers making the population perform to their whims and fancies. As you stated, some recent decisions, particularly by the troika are very strange so there is clearly an end game they have in mind. How many times quite recently have you heard EU and UN politicians state that they will change things globally, for example the elimination of tax havens. They are striving to end national and regional self determination and move to controlling the world ........ End of conspiracy theory
PS I am reasonably well versed in modern Russian history as I worked in the Soviet Union for three years before the wall came down. I regularly visited the PRC on business immediately after Mao Zedong when China started to open up to the outside world, in fact I was a member if the first British trade delegation to visit after Mao

"On April 3rd President Obama said he wants lending companies to lower their criteria for home loans to those with lower and poor credit ratings."

Damn, I thought we'd got rid of Barney Frank for good? Oh wait, it's his shoe shine boy talking...

Obama is a typical state loving socialist. Never had a proper job, no knowledge of business and no understanding of economics. What he has got is a deep and abiding love of the state and it's ability to make him and his friends rich at the expense of everyone else. A consummate, criminal politician.

He won't care. He's doing what all lefties do: getting rich by pocketing other people's money. When he leaves office the poor will be poorer, the very rich probably even richer and the middle shattered, demoralised and tired of an oppressive, malignant state burden that will take twenty years to unravel if ever a man rises to do so.

They're all the same these days: charlatans, crooks and thieves soaking up our cash for pet projects, back handers and always looking out for that lucrative lecture circuit backslapping shindig where *someone else pays the bills*.

Sewage, the lot of them.

damn str8!