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."
-ed www.ConspiracyPenPal.com
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