NOTES FROM THE ONGOING COLLAPSE

22 02 2008

Who could imagine that they would figure it out in Fall River, Massachusetts?

When you connect the dots outlined above, it says there is a very big change coming, a paradigm shift far greater than any of us have known in our lifetimes.

 At this point it is reasonable to ask that if so many bad things are about to happen, where are our leaders and aspirants, the President, the Cabinet, the Congress, the presidential, senatorial, and congressional candidates? The evening news, the talking heads, the syndicated columnists, the major papers? Isn’t anyone connecting the dots?

 The answer is human nature. Nobody holding office or running for one wants to be associated with such devastating news. If you need an example remember poor old Jimmy Carter who was 30 years ahead of his time in warning us all — and was blown out of office as a consequence. Dire warnings do not win elections. All the incumbents will ever do is cross their fingers and hope that things don’t come unglued before their time in office is up. For the current US administration, it is going to be close.

 Those in power justify themselves by saying they do not want to cause panics – widespread hording, market sell-offs, whatever. Let the panic, which will surely come, happen on somebody else’s watch. It is too much to deal with.

 The downside of this collective denial is the loss of time to effect change. So far the only decisive action in the US was to turn our corn into SUV fuel. Much more needs to be done. It is looking more and more as if we are going to go over a cliff, while buying nearly unaffordable food and waiting in lines at the gas pumps before meaningful action is taken.

Banks are hoping for the best..for them

NEW YORK (CNNMoney.com) — A plan that would help troubled mortgage borrowers today – and might make lenders whole later on – was unveiled Wednesday in Washington.

The Office of Thrift Supervision (OTS) is urging the federal savings and loans lenders under its authority to refinance loans by reducing mortgage balances to the current market values of the homes. Thanks to falling home prices, many homeowners are now stuck with mortgages that are actually worth more than the houses themselves.

But instead of having lenders forgive the difference between the old mortgage and a house’s current resale value, called a short sale, the OTS advises that lenders issue a warrant or “negative amortization certificate” for the difference. If a home regains its market value and is then sold, lenders have first claims to the profits.

My guess is, that’s wishful thinking….

And in the Atlantic, Christopher Leinberger shows that Phillip Dick’s vision of the suburbs in A Scanner Darkly may be prophetic….

Strange days are upon the residents of many a suburban cul-de-sac. Once-tidy yards have become overgrown, as the houses they front have gone vacant. Signs of physical and social disorder are spreading.

At Windy Ridge, a recently built starter-home development seven miles northwest of Charlotte, North Carolina, 81 of the community’s 132 small, vinyl-sided houses were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in. In December, after a stray bullet blasted through her son’s bedroom and into her own, Laurie Talbot, who’d moved to Windy Ridge from New York in 2005, told The Charlotte Observer, “I thought I’d bought a home in Pleasantville. I never imagined in my wildest dreams that stuff like this would happen.”

fiction becomes truth:

Deputies called to oust accused squatters

Woman, 7 kids said to be living in house without permission

This story appeared in the Antelope Valley Press
Wednesday, February 20, 2008. By TITUS GEE
Valley Press Staff Writer


QUARTZ HILL – Sheriff’s deputies on Wednesday ousted a family of alleged “squatters” from a house in the community. Property owner Michele Hill said a woman and seven children broke in, changed the locks and set up house in a residence she was trying to sell.

The woman living in the house identified herself as Rochelle Adams. While being taken into custody, Adams insisted she was a victim in the situation, not a criminal.

“We’re in a mess over here,” Hill said. “I’m just sick about it.”

The house, reportedly valued at $800,000, went on the market in November, she said.

 

 

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