Whitney: Housing to Fall Another 30 Percent
April 7, 2009 by Capt. Karl
The Liberty Tree Lantern concures with Meredith Whitney’s view below. If you listen to the video make sure to note Meredith stating that the U.S. Government is trying to program your minds to make you believe things about the economy. Basically she is stating that the U.S. Government is trying to make your mind believe in “The MATRIX” that our economy can be supported by Dollars made from nothing more that paper and ink printed on a glorified computer printer at the offices of THE FEDERAL RESERVE company. But the fact is no matter what our minds are programmed to believe, The MATRIX, (our economy that only exists in our minds, as it is created by little more than Monopoly money worth little more than the paper printed for the game), is not sustainable. This is a VERY GOOD THING. Because the collapse of The MATRIX will allow us to recoup our freedom, our liberty, our rights and be able to rebuild our country and our economy in the “REAL” world using real money in the atmosphere of FREEDOM. Sure we will live in hell for a few years and we may even, probably, have to go to a hot civil / Re-Revolutionary war to ENFORCE the CARDINAL LAW of our land upon our Government called The Constitution, but in the end, after a few years of hard work, the VAST majority of our common ordinary American citizens will be INDIVIDUALLY properous and individually much more powerful than our U.S. Federal Government. Our Government will then be OUR servants. And Government employees will not have wages, health insurance, pension programs far exceeding anything that We The average people have, because they will work for us, THE MASTERS, not us Working for them, where they keep on stealing our earnings in taxes to pay for all of this insanity in the world of The MATRIX.
Pray for the collapse of The MATRIX! (Meaning the collapse of our economy). It is the only way out of this hell hole of darkness of Socialism, Communism and Fascism. Let us, We The People, take our country back; Let us take back the reins of power from the Federal Government that is rightly ours as as our rights bestowed upon us in freedom and liberty by the hands of our almighty God himself. What mere Government has the right or the audacity to take away that which God gave us?
There is a reason why the Founding Fathers wrote a law in The Constitution which states that direct taxes shall be apportioned. The Sixteeth Amendment, which was never ratified and which is nothing but a lie by Secretary of State Philanderer Knox anyway, does not confer any new taxing powers to the Federal Government on ordinary American citizens earnings. All direct taxes are still supposed to be apportioned or not exist at all. The reason our Founding Fathers wrote this into the CARDINAL LAWS of The United States of America is because they knew that the power to tax is the power to destroy and enslave. Our country existed and became the most powerful nation on Earth during the time before there were any “Income Taxes”. Read / search other articles in this blog for further information and details.
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| Meredith Whitney, the analyst who called the financial crisis months in advance, now says banks soon will recover ever so slightly, but that housing has a long way yet to fall — as much as another 30 percent. Home prices have already come down more than 19 percent over the past 12 months, but Whitney is firmly in the camp calling for a 50 percent peak-to-trough decline. “Home prices cannot bottom while liquidity is still contracting from the economy,” she told CNBC. Whitney predicted banks would turn the corner soon, but that earnings would not exactly sparkle. “I think you’ll see a directional turn,” Whitney said. “Banks will make a little money, as little as a penny a share, but they won’t lose money.”
Investors should reconsider short positions on bank stocks, she said, but also avoid buying into sell-offs. |
