This will make you shake your head :
* _BBC NEWS | Americas | Tent city highlights US homes crisis_
(http://news.bbc.co.uk/2/hi/americas/7297093.stm)
* _RSS: American Refugees are flooding into Canada_
(http://www.mathaba.net/rss/?x=586176)
And add to this story, the misguided crazy revenue hunger by municipalities
which are turning to new fines, ordinances, tickets, users fees, inspector
fees, and penalties to keep their coffers filled while the low and middle
income try to figure how to afford rising energy, petrol, food, insurance and
education costs ...
Sadly, local govt seem more concerned about revenue maintenance then citizen
impact and the Federal government seeks to shield the richest while letting
the middle and lower class wealth be transferred "upward" as it was in the
last large bank caused depression in the 30's...
Communities should be exploring ways to help families keep their homes and
have credits for improvements - just as they hand out TIFs and tax abatements
and waivers for strip malls or new construction or the cheaply built roads
which are in never ending repair to the "never-ending" profit of the
contractors.
Dubai and China are in a building boom and Halliburton and Exxon, and even
Blackwater and KBR are enjoying record profits while US banks are handed to
Arabs and Chinese owners and American homes are foreclosed and low income
housing is dwindling...
America needs to care about her own citizens and strengthening their rights
and financial positions... that is the true defense of democracy and freedom.
Peace, Hugs, and Purrs
Carolyn Rose Goyda
Saint Louis, Missouri USA
[EMAIL PROTECTED] (mailto:[EMAIL PROTECTED])
_RSS: American Refugees are flooding into Canada_
(http://www.mathaba.net/rss/?x=586176)
American Refugees are flooding into Canada
Posted: 2008/03/21
From: _Source_ (http://www.chycho.com/?q=node/1631)
Tens of thousands of Americans are now economic refugees.
(Chycho.com)
In September of 2007, the city of Windsor, which borders the United States,
officially asked for financial assistance from Ottawa to deal with _American
refugees flooding into Canada_
(http://www.canada.com/windsorstar/story.html?id=eb24c2f6-7372-4da6-abdc-806fad175d18&k=57287)
. This is proving to be the
tip of the iceberg, and only the first wave of economic refugees that have
been created in the United States.
There are now tent cities being built outside most large metropolitan areas,
one of the largest of which is in Los Angeles. _The following report from
the BBC _ (http://news.bbc.co.uk/2/hi/americas/7297093.stm) highlights the
consequence of the US subprime meltdown and the fears that the crisis is
growing.
The homelessness situation has grown so rapidly in the United States that
_certain cities are issuing color-coded wristbands _
(http://www.latimes.com/news/local/orange/la-me-tents18mar18,1,7073495.story) –
blue for those who can
stay, “orange for people who need to provide more documentation, and white
for those who must leave.” Refugees will no longer be able to stay in one
area,
meaning that many towns and cities will now have to be prepared to receive
migrant refugees displaced by local governments from other districts and
States.
Canadians will also need to be prepared for this influx, especially
considering that _the average processing time for a refugee claim in Canada is
currently 14.2 months_
(http://www.canada.com/windsorstar/story.html?id=eb24c2f6-7372-4da6-abdc-806fad175d18&k=57287)
, “a period during which the applicant is
eligible for financial and other support. A failed claimant then also has the
right to seek leave to appeal his or her rejection to federal court.” If the
American refugee crisis continues to grow as analysts predict, then the cost
to Canadians will be astronomical.
Aside from tens of thousands of Americans becoming refugees in their own
country, there is another problem. As _The Atlantic is reporting_
(http://www.theatlantic.com/doc/200803/subprime) , “the subprime crisis is just
the tip of
the iceberg. Fundamental changes in American life may turn today’s McMansions
into tomorrow’s tenements.” Over 60% of the homes in certain communities “
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.”
“The experience of cities during the 1950s through the ’80s suggests that
the fate of many single-family homes on the metropolitan fringes will be
resale, at rock-bottom prices, to lower-income families—and in all likelihood,
eventual conversion to apartments… much of the future decline is likely to
occur
on the fringes, in towns far away from the central city, not served by rail
transit, and lacking any real core. In other words, some of the worst
problems are likely to be seen in some of the country’s more recently
developed areas
—and not only those inhabited by subprime-mortgage borrowers. Many of these
areas will become magnets for poverty, crime, and social dysfunction.”
All of this is occurring while: the _US government bails out Wall Street_
(http://www.nytimes.com/2008/03/15/business/15bear.html?_r=3&th&emc=th&oref=slogi
n&oref=slogin&oref=slogin) ; _credit card companies raise record amounts of
money by issuing shares_ (http://news.bbc.co.uk/2/hi/business/7304044.stm) ;
the _economic crisis draws comparison to the 1929 stock market crash_
(http://ca.news.finance.yahoo.com/s/17032008/2/biz-finance-financial-markets-turmoil-s
tirs-economists-memories-1929-crash.html) ; _investigation of predatory
banks gets killed_
(http://www.opednews.com/articles/genera_greg_pal_080314_the__24200_billion_bai.htm)
; _The Federal Deposit Insurance Corp. prepares for
bank failures_ (http://online.wsj.com/article/SB120398607404892133.html) ; and
the _Federal Reserve Bank of Atlanta releases a crisis peparedness video_
(http://www.truthnews.us/?p=2050) .
And some thought that _Stocking the Root Cellar _ (http://www.mill
ennium-ark.net/News_Files/Food/stock.root.cellar.html) was only for conspiracy
theorists.
NOTE: Some Americans are discovering that they are able to keep their homes
and save themselves from becoming refugees by challenging the banks. All they
are doing is asking the courts for proof that the banks own the mortgage
notes that they claim to own. “Judges in at least five states have stopped
foreclosure proceedings because the banks that pool mortgages into securities
and
the companies that collect monthly payments haven't been able to prove they
own the mortgages.” More on this at “_Banks Lose to Deadbeat Homeowners as
Loans Sold in Bonds Vanish_
(http://www.bloomberg.com/apps/news?pid=20601109&sid=aejJZdqodTCM&refer=patrick.net)
.” I personally know what I would be doing
if I owned a mortgage in the United States. Good luck, and remember,
according to _the ex-Comptroller General of the United States_
(http://www.chycho.com/?q=ron_paul) , the top accountant for the United States
of America, “deficit
spending and promised benefits for federal entitlement programs have put
every man, woman, and child in the United States on the hook for $175,000”. In
essence, _the United States is bankrupt_
(http://www.chycho.com/?q=Economic_Events_ww3) .
(mailto:[EMAIL PROTECTED];) _http://www.chycho.com_ (http://www.chycho.com)
more references
_Refugees pose 'potential crisis'_
(http://www.canada.com/windsorstar/story.html?id=eb24c2f6-7372-4da6-abdc-806fad175d18&k=57287)
_BBC NEWS | Americas | Tent city highlights US homes crisis_
(http://news.bbc.co.uk/2/hi/americas/7297093.stm)
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