Mike Adams, the Health Ranger See article keywords and concepts | Ethics have surrendered to greed, and we have now become a nation of mind-numbed druggies who seem increasingly incapable of questioning the news, voting intelligently, or understanding anything that's really going on in the world (such as the coming collapse of the real estate bubble and the inevitable hyperinflation of the U.S. dollar).
Here are the seven facts you need to remember about everything you're seeing today in modern medicine:
Fact #1: 90 percent of all diseases (cancer, diabetes, depression, heart disease, etc. | Mike Adams, the Health Ranger See article keywords and concepts | When the oil runs out, and the fresh water tables are drained, and the financial system collapses, and the real estate bubble bursts, life is going to be a whole lot harder than it is today. Forget about shopping malls, must-see TV and the latest fashions. Most families are going to be struggling just to put food on the table.
This is all several years away, of course. And until then, most people are going to continue the pursuit of even more debt and disease, oblivious to the future that awaits them. | Michael J. Panzner See book keywords and concepts | To use an old cliche, most people assumed that their money was "as safe as houses," which is ironic given the havoc a bursting real estate bubble will eventually wreak on government finances. Yet in decades past, investors might have balked at financing the debt of a nation with a current account balance—the difference between what it consumes and what it produces—of close to 7 percent of output, as well as other obligations that seemed to grow exponentially. Even investors outside our borders, who should have known better, were oblivious to the realities of an American economy gone bad. | | Regardless of the reasoning behind the purchases, house prices had outstripped income growth by a factor of six over five years, according to a Harvard University study, helping to create an unsustainable real estate bubble of epic proportions.
Property-related borrowing also played other roles in the economy. Refinancing activity that tapped home equity—the value of property less any debt owed on it—grew to represent a sizable slice of the overall market. | | Together with the fallout from a deflating real estate bubble, deteriorating credit conditions will lead to substantial casualties.
But not only individuals, firms, and public-sector authorities are exposed. The victims will also include government-sponsored enterprises (GSEs), banks, and insurers that have pledged to stand behind trillions of dollars of asset-backed securities, municipal bonds, and various obligations. This includes Fannie Mae and Freddie Mac, which will suffer under waves of defaults by overextended homeowners. | Mike Adams, the Health Ranger See article keywords and concepts | This is how a real estate bubble happens at the same time as a stock market bubble. This is San Francisco in 1999. This is Silicon Valley in 2000. It's exactly what happened. At that time, I was warning about the looming stock market crash, and it was poorly received. A few people listened and they sold their stocks and were safe, but most people didn't. They said, "You're crazy. This thing is going up forever. We are all rich. We are all rich!"
But I knew better. When you sell a share and you have cash in your hand, then you can count it as money. | James Howard Kunstler See book keywords and concepts | From that point on Greenspan's Fed embarked on a long trail of lower interest rates—the magical generation of ever-easier credit— that spawned yet another episode of destructive mischief in the entropic economy: the real estate bubble, perhaps the last act in the sorry drama of the hallucinated economy.
Home: The Last Refuge of Value
It was perhaps natural that at a time when America had become a wasteland of traffic congestion and cartoon architecture, the public would invest such inordinate psychological capital in the idea of home ownership. | Michael J. Panzner See book keywords and concepts | Most Americans did not worry when the nation's top auditor, Comptroller General David Walker, suggested that the United States could be likened to Rome before the fall. Or when he said that the nation was facing "a demographic tsunami" that "will never recede." Even more surprising was the muted reaction to an article written by Boston University economics professor Laurence J. Kotlikoff for the July/August 2006 Federal Reserve Bank of St. Louis Review. He asked—rhetorically, it would seem—"Is the United States Bankrupt? |
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ABOUT THE CREATOR OF NATURALPEDIA: Mike Adams, the creator of this NaturalNews Naturalpedia, is the editor of NaturalNews.com, the internet's top natural health news site, creator of the Honest Food Guide (www.HonestFoodGuide.org), a free downloadable consumer food guide based on natural health principles, author of Grocery Warning, The 7 Laws of Nutrition, Natural Health Solutions, and many other books available at www.TruthPublishing.com, creator of the earth-friendly EcoLEDs company (www.EcoLEDs.com) that manufactures energy-efficient LED lighting products, founder of Arial Software (www.ArialSoftware.com), a permission e-mail technology company, creator of the CounterThink Cartoon series (www.NaturalNews.com/index-cartoons.html) and author of over 1,500 articles, interviews, special reports and reference guides available at www.NaturalNews.com. Adams' personal philosophy and health statistics are available at www.HealthRanger.org.
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