Skip to content or view mobile version

Home | Mobile | Editorial | Mission | Privacy | About | Contact | Help | Security | Support

A network of individuals, independent and alternative media activists and organisations, offering grassroots, non-corporate, non-commercial coverage of important social and political issues.

Hidden Article

This posting has been hidden because it breaches the Indymedia UK (IMC UK) Editorial Guidelines.

IMC UK is an interactive site offering inclusive participation. All postings to the open publishing newswire are the responsibility of the individual authors and not of IMC UK. Although IMC UK volunteers attempt to ensure accuracy of the newswire, they take no responsibility legal or otherwise for the contents of the open publishing site. Mention of external web sites or services is for information purposes only and constitutes neither an endorsement nor a recommendation.

It’s The CREDIT Stupid

Kenn Spacefield | 24.10.2008 03:56 | Culture | Education | Globalisation | Oxford

Sickened by The Federal State of America
Sickened by The Federal State of American Mass Media

In this "Economic Crisis" I find it amazing that the simple truth is so "elusive": Truth is: People over-used credit on debt equity. - Now; with over-valued US real estate dropping like a bomb, this debt equity that has been "commercialized" on paper is worthless.

The credit markets (banks , investors, brokers, fund guys, and "others") screwed each other and lied about the value behind their "commercial paper". (Like lying on a credit form, and misrepresenting your self.) It started with appraisers, banks, real estate sellers, real estate agents, (and "others"), sitting across the table from each other and misrepresenting their real estate. Brokers then "commercialized over-valued real estate with "Triple AAA" security derivatives, and the "securities" and "credit" markets - fell in line, and bought it, sold it, and traded it. The "Credit" and "Securities" markets did not take the time to think; "Huh, maybe this future equity doesn’t exist?"; No - they pumped it up.


.The amount of debt equity that "does not exist", except for "on paper"; and is now at use in the markets, is the problem.


Like real estate appreciation; the "mass media" has not, and is not handling this story very well; they are losing their money, and "reality" might cause (them) to lose more.

If you have over-spent your equity on credit, if you bought a house for zero down, this "crisis" is going to hurt. The more you are "into" credit, the more you will probably hurt. To buy a home with zero down and no equity, you were a renter who had hopes that real estate would go up, and up, and up; even though you and most people could not afford it - already.

(I was wondering, with the falling property values, if anyone would get a tax refund for overpaid property tax’s. If you think you will, please, hold your breath.).

Kenn Spacefield




Sickened By The Federal State of America

The Sickened State of The Federal Government

TWO WARS; A 100,00 Missing Arms and Legs; A Million Young People Killing and Being Killed; A Million Broken Lives; Torture; Illegal Imprisonment; Court Appointed President; Terrorist WAR; Drug WAR; Immigration WAR on "Aliens"; Federal Government Border Patrol Checkpoints; Failing Economic Model of Debt Appreciation; Federal IRS Property Confiscation; EARMARKS;

Election Campaign Financing; United States Federal Government Corporate Shmoozing of Lobbyists and Money; Housing Up and Wages Down; United States Over-consumption, Credit, and Greed; - Causing Global Meltdowns; Threats Intimidation and Fear Produced and Created by The United States Federal Government; Leaders Concerned With Elections More Than Life .

Drugs (politics, religion, or economic theory) will not cure this illness; people will.

The United States Federal Government suffers from a total disconnect from most people. Most people in the United States when asked if they trust the US Federal Government with their personal money collected through taxes; their answer is NO. Even most "employees" of the Federal Government, their answer is; NO. (I did my own survey and everyone I asked said; NO.)

Most Federal Income Tax money goes to support WAR and the military past, present, and future. I can honestly say that the United States Federal Government does not speak for me. I am saddened and ashamed of the United States Federal Government.

Who came up with this stupid plan? Lets tax land into development. Lets close down the 100 year old family farm because we can. Lets tell them their land is worth 10 million dollars even though they bought it for 10 thousand dollars. Lets tax the land at 10 million dollars, and if they do not pay the taxes; we will steal it from them, because they cannot "afford" to stay their anymore; and now they are non-taxpaying low-lifes, - who just don’t understand the nature of this new modern world. (It is a common occurrence for older people all over the United States).
THIS IS SICK!
It is sick and gross and ugly and we are doing it. Forced development because of taxation is sick!!!
Confiscation of property due to "future" equity and value of that property developed - is illegal and unconstitutional; to me.

It is an illness and it is sick to think because of "future" value and "future" development; land is valued and taxed and stolen, if need be; into development.


I am much more of a "patriotic" towards other human beings, than I am a "patriot" of nationalism and development. I am finding at this time in my life, I am glad most "patriots" own guns..
Bankruptcy and irrelevance happens to anyone who totally screws up their credit, and they start over. (I feel a receivership of governors should dismantle the FED when it goes under.)

The saddest thing about the United States of America LLC, is no one is to blame, their is no one responsible, isn’t that convenient?

Things are happening faster and with more necessity between states and cities; than the United States Federal Government can even comprehend.

The United States Federal Government should not be making all my decisions for me, let alone trying to control them; I work much better with my neighbors - we drink the same water!

Kenn Spacefield


United States IRS Federal Property TAX Liens Underwater
 http://perth.indymedia.org/?action=newswire&parentview=133614
article follows:
Federal IRS TAX Collection CRISIS Averted

The major Federal tax enforcement and collection system in the United States is in jeopardy. Billions of dollars in IRS property liens are "underwater". IRS property lien collection payments and wage garnishments, based on a persons employment and property ownership, is in a catastrophic state of failure.

The United States Federal Government has averted this failure by buying the mortgages and banks that hold these liens and write the paychecks.

Do you trust the United states Federal Government with your money ?
(Maybe we should ask "Joe the Plumber" or "Joe Sixpack"? I think they owe the IRS money.)


The terrifying way the collection of tax’s is now being practiced by the United States Federal Government; is no worse than torture, war, illegal imprisonment, or a stolen election. So don’t you worry, the "Animal Farm" economics being set in place, will be paid for by your children.

Illegal Use of Equity - Average and Normal
 http://perth.indymedia.org/?action=newswire&parentview=133033

Economic Fascism and The United States
 http://www.indymedia.org.uk/en/2008/10/410488.html

Animal Farm Economics - Economic Fascism in the United States of America
 https://israel.indymedia.org/newswire/display/9675/index.php
 http://chicago.indymedia.org/newswire/display/84196/index.php
 http://arkansas.indymedia.org/newswire/display/22705/index.php

The Terrorist Among U.S.
 http://maineindymedia.org/newswire/display/6710/index.php

Kenn Spacefield

Upcoming Coverage
View and post events
Upcoming Events UK
24th October, London: 2015 London Anarchist Bookfair
2nd - 8th November: Wrexham, Wales, UK & Everywhere: Week of Action Against the North Wales Prison & the Prison Industrial Complex. Cymraeg: Wythnos o Weithredu yn Erbyn Carchar Gogledd Cymru

Ongoing UK
Every Tuesday 6pm-8pm, Yorkshire: Demo/vigil at NSA/NRO Menwith Hill US Spy Base More info: CAAB.

Every Tuesday, UK & worldwide: Counter Terror Tuesdays. Call the US Embassy nearest to you to protest Obama's Terror Tuesdays. More info here

Every day, London: Vigil for Julian Assange outside Ecuadorian Embassy

Parliament Sq Protest: see topic page
Ongoing Global
Rossport, Ireland: see topic page
Israel-Palestine: Israel Indymedia | Palestine Indymedia
Oaxaca: Chiapas Indymedia
Regions
All Regions
Birmingham
Cambridge
Liverpool
London
Oxford
Sheffield
South Coast
Wales
World
Other Local IMCs
Bristol/South West
Nottingham
Scotland
Social Media
You can follow @ukindymedia on indy.im and Twitter. We are working on a Twitter policy. We do not use Facebook, and advise you not to either.
Support Us
We need help paying the bills for hosting this site, please consider supporting us financially.
Other Media Projects
Schnews
Dissident Island Radio
Corporate Watch
Media Lens
VisionOnTV
Earth First! Action Update
Earth First! Action Reports
Topics
All Topics
Afghanistan
Analysis
Animal Liberation
Anti-Nuclear
Anti-militarism
Anti-racism
Bio-technology
Climate Chaos
Culture
Ecology
Education
Energy Crisis
Fracking
Free Spaces
Gender
Globalisation
Health
History
Indymedia
Iraq
Migration
Ocean Defence
Other Press
Palestine
Policing
Public sector cuts
Repression
Social Struggles
Technology
Terror War
Workers' Movements
Zapatista
Major Reports
NATO 2014
G8 2013
Workfare
2011 Census Resistance
Occupy Everywhere
August Riots
Dale Farm
J30 Strike
Flotilla to Gaza
Mayday 2010
Tar Sands
G20 London Summit
University Occupations for Gaza
Guantanamo
Indymedia Server Seizure
COP15 Climate Summit 2009
Carmel Agrexco
G8 Japan 2008
SHAC
Stop Sequani
Stop RWB
Climate Camp 2008
Oaxaca Uprising
Rossport Solidarity
Smash EDO
SOCPA
Past Major Reports
Encrypted Page
You are viewing this page using an encrypted connection. If you bookmark this page or send its address in an email you might want to use the un-encrypted address of this page.
If you recieved a warning about an untrusted root certificate please install the CAcert root certificate, for more information see the security page.

Global IMC Network


www.indymedia.org

Projects
print
radio
satellite tv
video

Africa

Europe
antwerpen
armenia
athens
austria
barcelona
belarus
belgium
belgrade
brussels
bulgaria
calabria
croatia
cyprus
emilia-romagna
estrecho / madiaq
galiza
germany
grenoble
hungary
ireland
istanbul
italy
la plana
liege
liguria
lille
linksunten
lombardia
madrid
malta
marseille
nantes
napoli
netherlands
northern england
nottingham imc
paris/île-de-france
patras
piemonte
poland
portugal
roma
romania
russia
sardegna
scotland
sverige
switzerland
torun
toscana
ukraine
united kingdom
valencia

Latin America
argentina
bolivia
chiapas
chile
chile sur
cmi brasil
cmi sucre
colombia
ecuador
mexico
peru
puerto rico
qollasuyu
rosario
santiago
tijuana
uruguay
valparaiso
venezuela

Oceania
aotearoa
brisbane
burma
darwin
jakarta
manila
melbourne
perth
qc
sydney

South Asia
india


United States
arizona
arkansas
asheville
atlanta
Austin
binghamton
boston
buffalo
chicago
cleveland
colorado
columbus
dc
hawaii
houston
hudson mohawk
kansas city
la
madison
maine
miami
michigan
milwaukee
minneapolis/st. paul
new hampshire
new jersey
new mexico
new orleans
north carolina
north texas
nyc
oklahoma
philadelphia
pittsburgh
portland
richmond
rochester
rogue valley
saint louis
san diego
san francisco
san francisco bay area
santa barbara
santa cruz, ca
sarasota
seattle
tampa bay
united states
urbana-champaign
vermont
western mass
worcester

West Asia
Armenia
Beirut
Israel
Palestine

Topics
biotech

Process
fbi/legal updates
mailing lists
process & imc docs
tech