The US Housing Bust-Based on a UNworthy Investment-No Integrity Money
12-08-2017
Response from: Miss. Bayo Elizabeth Cary, AA, BA, MLIS
The
Beginning of the End-America-No Longer A Hegemony:
The housing market
contraction is casting a long shadow over the US economy
and financial system. It will be a key issue in the November presidential
election -- not least because public policy decisions may have contributed to
the housing bubble and its collapse. (OxResearch Daily Brief Service,
2008, p. 1)
I think, that when entering the Intl job market, the
first concern must be-who, are you customers, going to be. If you gain the
required certifications honestly, through hard-work, and through study, then,
you may have an opportunity, be become a reliable, and useful member, of the US
economy. When, people lie, about their qualifications, or-take t a short-cut,
any chance that is available, then, that is an indication, of poor business
ethics. America, must be built, on more than the dollar alone. There needs to
be: “integrity,” for the money to float. If, business owners, start off, as:
a-moral, and unethical, then-there will be no: “integrity,” to support the
value, of the US dollar.
Risky
and Unsupportable US Home Loans Based on Uneducated and Unqualified Bankers and
Banking Systems:
Housing bubble origins A major factor contributing to the unprecedented
increase in housing prices between 2000-06 was a policy environment that
actively encouraged homeownership. This objective, espoused during the
administration of former President Bill Clinton and embraced by President
George Bush, spawned an overly accommodative financial policy
stance towards mortgage lending. (OxResearch Daily Brief Service, 2008, p.
1)
Right now, people all over the world, may-in-any-way,
count on the value, of the US dollar. Around 2000, when America was struggling,
due to the: “housing mortgage bubble,” America’s entire economy stagnated, and
then, pulled down, Intl money markets, into the very same, filthy impoverished
mire. Money is not always, the root of all evil. Money must be invested, and
then spent-responsibly. When America invests, in honest, hard-working, reliable
employees, the economy improves. When America invests, in: “risky futures,”
that cannot be leverage into liquid assets, then, the American economy
stagnates, and then drops-like: 1929.
US Housing Bubble Bust: Several indicators should have signaled
the dangers of this overly stimulative mortgage lending
policy (OxResearch Daily Brief Service, 2008, p. 1):
Money, cannot not be earned, and traded, on a
false pretense. A: “Black market,” and “Black money,” cannot be used, to
support, an economy. It is wise, to look to other countries, such as: The
Congo/Zaire, Zimbabwe, or The Ivory Coast-countries which are now dependent,
on: IMF, and World Bank loans-like: Nigeria, because, they failed to balance a
budget, and to invest safely. If you think, that I am saying, that America’s
economy, is beginning to fail, like a third-world economy, from Africa-then you
are correct. Americans are not investing safely. Americans are expecting
high-returns, for no work-at-all. And, America is borrowing, refusing to pay
other countries, like China back, and the sums, are mounting, beyond the
trillions.
References
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