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Why are we having so many foreclosures in america?
is this related to any of the following:
outsourcing of jobs overseas, illegals influx, HB1 visa imports from india, high gas prices, etc....????
just wondering. Please be as detailed as possible.
thank you
You could actually call this a depression! Balloon Intrest payments on homes with low down payments is one cause. There are too many jobs that don't pay what the cost of living really is. Unemployment rates are just as bad as the great depression of the 1930's. Besides that, the Global economy and all of the tricks that come with it are designed to put you on a playing field that matches the countries around us. This new trade agreement or SPP/NAU sells Americans and American values out.
You may want to check out The Emergency Banking Act, March 9, 1933, 48,STAT.1, Public Law 89-719. It's an eye opener for those who don't know...
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HB-1, CES at Venetian Hotel, Las Vegas 2011
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