Babylonaholics - 5 of 5 (Plynth feat. Fukyiro.Pinion) Video
In August, the Alt 'A' loans will start to default. So, will many of the jumbo loans over $450,000. They may not be as numerous as the sub-prime loan defaults, BUT the total dollar losses are GREATER than the total sub-prime loan defaults were because the TOTAL home values are much higher than the total sub-prime home values were. They also represent the 'near-prime' loans, which are of a greater value to the market because of the better credit rates that secured those loans. We'll see it get worse two years, because the LAST reset in adjustable rate mortgages will finally occur then. People who are buying back into the real estate market NOW will almost certainly default by then because additional defaults and the further slide in housing prices, specifically due to these next 2 mortgage resets. The resultant foreclosures that these loans represent means a heavier overall beating to the banks and insurance pimp-dealers that push the artifice of money on you addicts. The answer to this further housing meltdown, according to the pimp-dealer banksters, will be an infusion of capital & credit from foreign nations, which they will be reluctant to do until the dust has cleared and they have a chance to buy-in at the bottom of our slide. That won't be clear until somewhere between now and 2010. So, you can either attempt to beat the market (always a loosing bet), or you can quit your addiction when it is most likely to have the greatest impact for the entire world to stop globalized fascism and totalitarianism. It's the LAST chance Americans will EVER have to make a change at anytime in the history of the world... if you want to see a planet free from the psychopathic pimps and dealers of your lives. I hope you are successful in quitting your addiction and simultaneously being Victorious in obtaining your freedom. "V is for Victory" (you don't even have to buy a mask, cape or hat to be anonymous!) Now GET UP, and quit your addiction! Love Always, Trinity
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