Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

9 responses to “Weekly Twitter Digest (Link Roundup) for 2013-03-29”

  1. Blurtman

    We’ve got $1 trillion annual deficits locked in for the next decade. We’ve got total credit market debt at 350% of GDP. We’ve got true unemployment exceeding 20%. We’ve had declining real wages for thirty years and no change in that trend. We’ve got an aging, savings poor, debt rich, obese, materialistic, iGadget distracted, proudly ignorant, delusional populace that prefer lies to truth and fantasy to reality. We’ve got 20% of households on food stamps. We’ve got food pantries, thrift stores and payday loan companies doing a booming business. We’ve got millions of people occupying underwater McMansions in picturesque suburban paradises that can’t make their mortgage payments or pay their utility bills, awaiting their imminent eviction notice from one of the Wall Street banks that created this societal catastrophe.

    We’ve got a government further enslaving the middle class in student loan debt with the false hope of new jobs that aren’t being created. We’ve got a shadowy unaccountable organization, owned and controlled by the biggest banks in the world, that has run a Ponzi scheme called a fractional reserve lending system for 100 years, and inflated away 96% of the purchasing power of the U.S. dollar. We’ve got a self-proclaimed Ivy League academic expert on the Great Depression (created by the Federal Reserve) who has tripled the Federal Reserve balance sheet on his way to quadrupling it by year end, who has promised QE to eternity with the sole purpose of enriching his benefactors while impoverishing senior citizens and the middle class. He will ultimately be credited in history books as the creator of the Greater Depression that destroyed the worldwide financial system and resulted in death, destruction, chaos, starvation, mayhem and ultimately war on a grand scale. But in the meantime, he serves the purposes of the financial ruling class as a useful idiot and will continue to spew gibberish and propaganda to obscure their true agenda.

    http://www.theburningplatform.com/

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  2. softwarengineer

    RE: Blurtman @ 1

    Yes Blurtman

    Even Dean Koonzt Best Selling Odd Thomas series features only Millenials in California. All of ‘em mostly don’t work and mooch off older richer folks….there are no jobs in over crowded California. Its in our Depression era literature now too.

    BTW, the Odd Thomas series rocks….great reads.

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  3. Scotsman

    RE: Blurtman @ 1

    Yup, and we’re going to get a reboot of society that will leave the majority helpless and those who started and sustained it at risk for everything they thought was secure. Human nature hasn’t changed over the last millenium. The revolution will take us all back to the fundamentals. Bring it, so we can get on with rebuilding sustainable lives, dreams, and government.

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  4. David Losh

    RE: Blurtman @ 1

    Happy Easter!

    While what you say is true, people have choices. There are plenty of people who made smart financial moves after the global economic crash. Some people took the opportunity to get out of debt, and begin saving money to invest,

    Investment seems to be the elusive quality that Americans have. We have become a bunch of people who sit on your ass, and rake in stock market dollars, or rental income, or buying commodities at high prices then selling the options at higher prices, or driving up the price of assets so we can get a quick return.

    Builders, farmers, manufacturers, and retailers do what is the most profitable at the moment. Builders look at the margins, farmers grow what will get them the highest price, manufacturers will find the cheapest labor, materials, and retailers are much more interested in having you get financing.

    The middle class, and below buy into the game of paying whatever the market will bear, and financing the future.

    It doesn’t have to be that way. Anyone can build wealth in this country if they play hard ball by the rules. My impression is that no one wants to work, and everybody wants to be the smart person.

    I’m not here to tell you what to do, but to point out that you have choices.

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  5. Blurtman

    RE: David Losh @ 4 – The march out of Africa continues. We continue to lose people along the way. As it has been, it will always be.

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  6. David Losh

    RE: Blurtman @ 5

    Yesterday I was talking to another bunker dweller mentality person who has made a fortune since 2007. He is a buy, sell, and trade kind of person, debt free, cash rich which he uses in his buy, and sell business.

    We are differnt from Africa in that we are an individual rights country who doesn’t really need to pay attention to our government. We are the government.

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  7. Blurtman

    RE: David Losh @ 6 – We live in a republic. We are not the government. If we were, TARP would never have passed.

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  8. David Losh

    RE: Blurtman @ 7

    What I’m saying is that TARP makes no difference to me, or you, or any one who doesn’t buy into the system.

    I thought today that Tilm Ellis is a good example of how the economic collapse can create wealth for some people.

    I may not agree with all of his moves, but the fact is he has a position of some influence, he bought a home he can afford, I have no doubt he is saving for his child’s college, but he could also invest elsewhere if he chose.

    Some people can learn from the economy, and others don’t.

    We have choices.

    BTW, this here is the United States of America. It’s every person for themsleves. We aren’t a community, we are far from a Republic, and we are the most innovated, motivated people on earth. I do what I do, you do what you do, I don’t see what the government has to do with anything.

    You don’t like banks? don’t use them, don’t use credit unions, don’t buy into anything more than you have to.

    All you have to do is follow the law, and we have plenty of protection when we do. Look at the bankers if you need proof.

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  9. blurtman

    RE: David Losh @ 8 – The score card for the economic health of the average American is not good, irrespective of whether you or I are doing OK economically. Kids living in the slums of Brazil have choices. The passage of TARP was very educational for Americans. It let them know that we do live in a republic, and it pointed out quite clearly who has influence in the USA. The perception of fairness is a fundamental human trait. And now more than ever, Americans realize that we have a wo-tiered justice system in this country. Keep in mind, there were plenty of Americans who could not be bothered by the American Revolution, and were going about doing what they did, exercizing what choices theynhad.

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