Celente’s accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash” and “the 2007 subprime mortgage scandal.” His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.[13] In December 2007 Celente wrote, “Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets” and “Just as the Twin Towers collapsed from the top down, so too will the U.S. economy … when the giant firms fall, theyll crush the man on the street.” He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012. Celente also predicted an “economic 9/11″ and a “panic of 2008.” In 2009 Celente predicted turmoil which he described as “Obamageddon” and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck’s television program. In April 2009 Celente wrote, “Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation.” He appeared on the Glenn Beck show and criticized the U.S. stimulus plan of 2009, calling government controlled capitalism “fascism” and saying shopping malls in the U.S. would become “ghost malls.” Celente has said, “smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will ‘weather the crisis in style’ as big cities and hypertrophic suburbias descend into misery and conflict,” and forecasts “a downsizing of America.”

Duration : 0:8:28

Technorati Tags: Afghanistan, aljazeera, America, Australia, bailouts, bishara, Brazil, canada, celente, Chile, China, Cuba, david, depression, Economic, economy, egypt, England, EU, euro, Europe, France, georgia, gerald, Germany, Greece, HAITI, icke, India, Iran, Iraq, Ireland, japan, Korea, Lebanon, Libya, mexico, military, Netherlands, New, occupy, OWS, Pakistan, Palestine, Portugal, protest, recession, RT, Russia, Siberia, Spain, States, Stocks, Syria, Taiwan, taxpayer, Thailand, Turkey, uk, united, US, USA, Venezuela, War, world, ww3, Yemen, york

The sub-prime crisis and housing bubble
The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.

Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.

The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

Australia’s response to the global financial crisis – the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation – a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

Duration : 0:44:58

Technorati Tags: Africa, America, Asia, Australia, bank, Brazil, Britain, Campus, canada, China, collapse, college, community, crisis, dollar, Economics, economy, Education, England, Europe, European, Fed, Freedom, Germany, gold, Government, Graduation, Greece, Iceland, India, international, Italy, japan, Kingdom, land, London, market, mexico, Nations, Reality, reserve, Russia, school, Spain, States, student, students, Study, Sweden, television show, The Global Financial Crisis, united, united states, University, USA, world

http://www.21stcenturyincome.com/

Duration : 0:7:12

Technorati Tags: 21st, borrowed, Century, crisis, Investor, lender, loans, Money, mortgage, portfolio, real, securitization, subprime

http://www.nytimes.com/2011/12/22/business/us-settlement-reported-on-countrywide-lending.html

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Duration : 0:6:35

Technorati Tags: bank of america, bank of america minorities, bank of america settlement, Cenk Uygur, countrywide minorities, countrywide settlement, home loan fraud, home loan scam, minorities housing bubble, minority home loans, Mortgage fraud, subprime loans, subprime mortgages, tyt, young turks

As Founder and Managing Partner of Hayman Advisors, LP, J. Kyle Bass has proven himself to be one of the most well respected hedge fund managers and forecasters in the global investment community. Renowned for his conviction as well as his investment savvy, Bass hit the headlines with his prescient trades in shorting the subprime mortgage market in 2007. Behind the headlines was one of the most unique and rigorous investment methodologies ever used in mortgage-related investing. Since that time, Bass has been one of the most proactive investors in Washington and abroad, warning about unsustainable fiscal deficits poised to destabilize the global economy and markets with a magnitude similar to the 1930s.
Todd Groome and Toni Moss spoke with Kyle at AmeriCatalyst 2010 in Austin in September, asking him about his thoughts on prospects for housing market recovery, current policy issues and national debt implications, global debt imbalances and his perspectives on the influence of policy on the timing, sequence and magnitude of potential sovereign defaults and debt restructurings.

Duration : 1:1:39

Technorati Tags: AmeriCatalyst 2010, debt restructuring, global economy, Japanese sovereign default, Kyle Bass, mortgage lending, sovereign debt, sovereign default, Todd Groome, Toni Moss, U.S. housing market recovery, unsustainable fiscal deficit, yt3d:metadata=user

Duration : 0:3:13

Technorati Tags: cramer, jim, market, Meltodwn

Duration : 0:1:41

Technorati Tags: charges, Fannie, freddie

Duration : 0:5:2

Technorati Tags: #OccupyEastNY, 99%, bank, bank of america, brooklyn, Civil Disobedience, community, crisis, D6, December 6, East New York, economy, eviction, Extreme Home Takeover, foreclosure, Homeless, mortgage, nyc, NYCC, Occupy Our Homes, Occupy Wall Street, OWS, predatory lending, recession, squat, squatter, subprime mortgage

Duration : 0:8:34

Technorati Tags: blame, disaster, Economic, for, mortgage, obama, shifts, subprime

Nevertheless, during a speech Tuesday at a High School in Osawatomie, Kansas, the President, rather than concede that he and his fellow Democrats supported efforts to force the banks to issue high-risk loans, blamed the banks for making these loans.

Audacity on the President’s part, I suppose; but clearly not the Audacity of Hope……

Duration : 0:8:34

Technorati Tags: ACORN, address, banks, barack, economy, kansas, loans, mortgage, mortgages, obama, Osawatomie, President, speech, subprime