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Thursday, July 24, 2008

Hyper-Inflation and the Rescue of Detroit Homeowners

When Fuel and Food prices rise out of control and, purchasing power diminishes, a condition of Hyper-Inflation exists.

Government prints more paper money to pay for outrageous expenses it creates conducting its business domestically and worldwide. Since January 20th, 2000, the City of Detroit and America is paying for the un-regulated financial markets and speculated oil prices in world markets.

With the click of a mouse, oil prices fall and rise without solid rationale. This is fear based investments based on speculation by Wall Street and Texas Oil Men. A good example is this one by using Countries A, B, C, and D.

An example is a hurricane in country affecting the prices of oil in country B, C, and D. Countries A, B, and C are oil producers. Countries A and B never has shipped ANY oil to country D. By using ‘fear based financing’ the speculators will justify changing the prices in country D.

Hard assets like metal and food are speculated by "investors" who use these items to shield their assets. As a result Detroit residents lose their property, their former homes are abandoned, and stripped of their assets (copper wire, doors, furnaces) and sold to scrap yards for profit.

The main cause of hyperinflation is a massive and rapid increase in the amount of money, which is not supported by growth in the output of goods and services. This results in an imbalance between the supply and demand for the money (including currency and bank deposits), accompanied by a complete loss of confidence in the money, similar to a bank run. (Wikpedia Online Encyclopedia)

This is a perfect environment for upscale rip-off artists and executive criminals working in corporate America. The end result is that the land is being taken away from citizens of Detroit, right from under their feet.

As your Representative in State Legislature, I have taken steps to right this wrong. If you call my office toll free at 888 347-8008, I will share information with you regarding the Michigan State Housing Development Authority (MSHDA) that will allow you to re-finance mortgages if you are in a foreclosure situation.

1 comment:

Anonymous said...

Obama in 08 will get the problems strait! - Good Stuff on the Internet