Housing bubble and who it benefits..... and "possibly" how it has

[HysteryDiagnosis]

come to be.....


http://www.amazon.com/exec/obidos/tg/detail/-/0865715408/qid=/sr=/ref=cm_lm_asin/104-1591781-7245517?v=glance
The economic impact of 9/11 would "demand" a reduction in real interest rates, which would create the current U.S. housing bubble, from which the wealthy have made fortunes (and will make more when the bubble bursts), as well as making coporate debt more manageable. The attacks would provide pretexts for the U.S. invasions of Iraq and Afghanistan. The latter, Ruppert argues, was invaded because of the C.I.A. (and Wall Street)'s very well documented ties to heroin production and trafficking, which dropped after the Taliban's installation in 1997, and for geostrategic reasons (pipelines in Afghanistan and various neighbouring republics).

[applegrove]

1. Don't agree with the drug connection. But the drug called money?

Yes - the housing bubble is a transfer from the people who cannot afford those houses in the end to the rich. Look for the stock market to keep roaring with SS infusions when Bush finally gets his way. More one-time payouts to keep the mirage alive.

[wli]

2. you need to see the UN's report on Afghan heroin production

It dropped to near zero in 2001...

[applegrove]

3. Remember the USA was attacked by bin Laden after that. If you wave

a magic want and just make all that go away then you could get logically to where you are "it was the drugs".

Nope. They invaded Afghanistan with good reason. Why the coalition was so much bigger there.

[wli]

4. I'll let you come around yourself, then

[applegrove]

5. I don't think we are supposed to be talking about alternatives or

alternative reasons for the War in Afghanistan other than 911.

[wli]

6. According to whom? Since when?

People have been talking about them openly on DU since I registered (recently) AFAICT.

[applegrove]

7. Yes but 9/11 denyers have their own forum. Am I mistaken?

[BabboonBush]

8. This baby's gonna pop

and pop HARD. Watch for many foreclosures and bankruptcies. Perhaps that's one reason that they pushed through the Bankruptcy bill.

I have to say though that the Bubble did not start AFTER 9/11. It started in the late 1990s. It is my contention that the wealth of the tech industry spurred the rise on home values. And in turn, homes in and of themselves have become an investment.

I predict what the stock market will be hit pretty bad. But also, in cities like DC, San Francisco, San Diego, LA, Boston, and many other cities, we will see steep drops in home prices.

People see we are at the top of the market, and are now considering selling. That's because the fall will be great and nobody wants to be a part of that.