 Email this article to a friend  Printable Version FREE Email Newsletter
(NaturalNews) Americans have always been fond of the idea of getting rich without effort by putting their money in things that produce no profits and then magically being able to ride those investments, milking them for spending cash that supports a drunken spending lifestyle. From 1998 - 2001, that profit vehicle was, of course, dot-com stocks. From 2001 to the present, it's been housing. Never mind the fact that a house produces nothing real, earns nothing real and actually loses utility with each successive year of its existence (roof repairs, anyone?) -- Americans have been convinced over the last seven years that housing prices would rise forever, allowing people to simply extract money from their home equity as if their house were some sort of giant ATM machine.
As the markets are finally demonstrating today, the "economic good times" spurred by a runaway housing price boom (and powered by astonishingly fraudulent lending practices by dishonest banks) are over. A day of reckoning has arrived, and the unwinding of this false wealth that has been propping up the U.S. economy for so many years is about to be unleashed upon the American people. (Today's stock market meltdown is only the beginning...)
That this day of economic reckoning would arrive has been obvious to me for years. On December 29, 2005, I published a two-part article series entitled, "Don't get caught in the housing bubble crash." Part two is available HERE.
In those articles, I stated:
There's no question whatsoever that this housing market will experience a correction. ...It's eventually going to come tumbling down. The only question is whether it's going to be a correction or a crash.
Friends, I believe it is time to take your money and exit the speculative real estate market. The average person doesn't understand anything about finances and never will. The average person can't even calculate a 15 percent tip at a restaurant, and he or she is buying real estate because he or she wants to double his or her money. Are you kidding me? Take your money and run; that's my advice. Run from the inflated real estate marketplace before you become another victim. These super hot, speculative housing bubbles and stock market bubbles cannot continue. They always correct. Gravity kicks in, and, eventually, things unwind. A lot of people get hurt. They lose their money. To some of those people, I say, "That's a really expensive education you just paid for." A lot of life's lessons are hard to learn, but some of them can be rather expensive.
So, it's December 2005. I'm going on the record as saying this bubble is going to pop, folks, and you can call me a pessimist or a doomsayer if you want. The fact is, if you understand math, you know I'm right. If you want to protect your own finances, you'd better take a good, hard look at this and make some decisions about what you're going to do. Do not leave yourself over-leveraged in speculative real estate. You thought you were going to retire on the beach, and it ends up you're flipping burgers as a second job to pay off what you owe the bank, and they garnish your wages on top of that. That's what happens to people who don't get out in time.
Two Years Later, the Housing Crash is OnI point out these predictions not to prove I was right, but rather to demonstrate how easy it was to see these things coming. The inevitable bursting of the housing bubble was a no brainer to any rationally-minded person, and yet everywhere I turned back in 2005, I kept hearing (from apparently intelligent folks) things like, "Housing prices have never fallen," or, "Buying a house is the best investment you can make!"
Get articles like this delivered to you FREE in our popular email newsletter
|
(FREE) Thursday evening, Dec. 3 at 6pm Pacific (9pm Eastern), call in to hear the NaturalNews Talk Hour with special guests Nick Stern, Sun Warrior Protein & KC Craichy, LivingFuel - "Super Foods, Optimal Health" - Register via email to receive call-in number:
|
|
Explore NaturalPedia.com, the internet's largest natural health encyclopedia of knowledge, covering over 50,000 topics. It's free!
Visit NaturalPedia.com.
|
 FREE Report: The Five Best Anti-Viral Products to Beat Influenza, Swine Flu, Bird Flu and SARS
• Top anti-viral remedies
• Where to get them now
• Four things to avoid
• Become self-reliant
• Boost your family safety
Click here to read the FREE report now.
|
W.H.O. Declares Global Pandemic
Turn FEAR into Confidence!
Listen to the complete 3.5 hour recording on 4 audio CDs of the Health Ranger's Swine Flu Advanced Preparedness Course, covering natural anti-virals, family safety, infrastructure disruptions, quarantine, preparedness gear and much more.
Testimonials:
"Mike Adams' preparedness course turned our fears into confidence. This is POWERFUL information, coming from a trusted source. If you want to save yourself countless hours researching and getting prepared and if you want to do everything in your power to protect your family, I highly recommend the Health Ranger’s Advanced Preparedness Course."
- N. Nelson (Arizona)
"This is packed information no one should miss."
- T. Valenzuela
"Thanks Mike... during this class you covered prevention and preparedness from A to Z with integrity, brave honesty and outstanding knowledge! Thank you for your steadfast, thorough and cool-headed approach to well being. With deep gratitude for your service." - Bev
Available NOW for immediate shipping.
100% satisfaction guarantee
 NEW Product: Valley of Longevity Shampoo from the Health Ranger
• 98% Organic
• 100% Natural
• 100% Fragrance Free!
• No SLS
• No Parabens
• No synthetic chemicals
• FREE shipping in U.S. on orders over $75
Click here to read more...
|
|
|
Tuesday, January 22, 2008
Email this article to a friend
Share this article on: 
