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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: Bank Demolition of New Homes -Destruction of Supply
PostPosted: 07 May 2009, 2:32 pm 
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Posts: 731
Madonomics 101
Destruction of Supplies to Rebuild Demand

Destruction of homes on the market in order to keep the prices from plunging.

Micheal Nystrom wrote:
The demolition of newly built houses conjures up images of the Great Depression, when the federal government encouraged farmers to slaughter pigs, plough under, & even burn their crops in an attempt to support prices. Today, as home prices plunge, they're tearing down houses.
Source:http://www.dailypaul.com/node/92087

VICTORVILLE MODEL HOMES DEMOLISHED - SHOCKING VIDEO: Part 5



Source:http://www.youtube.com/watch?v=ZsgOaCZ2Lag

Via YouTube by visionvictory
30 IV 2009

Victorville model homes being demolished. BREAKING NEWS Developing: Another bank will begin the tear down of 20 Temecula homes in Southern California. NEW HOMES DEMOLISHED By Patrick Thatcher, sta...
Victorville model homes being demolished.
BREAKING NEWS Developing: Another bank will begin the tear down of 20 Temecula homes in Southern California.

NEW HOMES DEMOLISHED
By Patrick Thatcher, staff writer for, Daily Press

Victorville- The housing collapse is taking a literal form for one bankrupt housing development.
Four model homes and 12 nearly finished spec homes at Bear Valley Road and Highway 395 are being demolished.
The developer filed bankruptcy about 18 months ago and the foreclosed property went to Guaranty Bank in Irvine.
A Guaranty Bank official, Real Estate Officer Dean Smith, said they were facing daily fines from the city of Victorville if they didnt do something with the homes and property that not up to code. He said it was a choice of pumping their own money into property site improvements and additional money to bring the home up to code or tear down the 16 homes.
Smith said the bank is not in the building or land development business and because of the current housing market does not see anything happening with the property for at least five years.
Our only option is to either proceed with putting more than a million bucks into the land, which weve already taken a huge hit on and lost a lot of money, or, we tear down the houses, Smith said.
He said the builder put up the homes before completing the site improvements and failed to have enough money to finish roads, walls, and other improvements that bring the community into code.
Everything just fell apart at that point and we cant sell homes that are not up to code, Smith said.
He said the city of Victorville fined the bank once because the home are out of code and would have faced daily fines if Guaranty didnt do something with the vacant houses.
There are still substantial dollars that need to be put into the land before the city of Victorville will give certificates of occupancy on the houses and the bank isnt willing to put forward that amount of money, Smith said.
He said the homes are a liability to Guaranty and that all of them are heavily vandalized inside and out with broken glass everywhere.
Our projections are that those houses would sit the way they are for at least five years, what would they be worth then? Smith said.
He said once the homes are demolished the property will be put on the market again. Calls to the developer were not returned.
Patrick Thatcher may be reached at 760-951-6227 or at pthatcher@VVDailyPress.com





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 Post subject: Re: Bank Demolition of New Homes -Destruction of Supply
PostPosted: 08 May 2009, 11:34 am 
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Well, I don't think this can actually be to keep prices down, because you'd have to destroy *very many* homes to be effective in that purpose; and in the end, the banks would have to suffer the further costs of re-building the home to get back to the position they are in now, that they can sell a home.

I would say instead that this is a rational response to the conditions imposed by their very own obfuscations. In other words, if the situation is indeed so dire that a) nothing will happen with these properties (no sales are projected to occur) for at least 5 years; and b.1) if the people they might let occupy the home will either be unable to pay the costs of taxes and so forth (because they're jobless), or b.2) if letting someone have the house for the while would set a precedent destructive to the whole facade that bankers are the real creditors (which is the real obstruction here)... then of course the bank is forced by its own phony precedent to destroy the home at its own cost, merely to try to survive the while (at least 5 years), suffering costs (taxes, etc.), the little of which are sufficient to break the bank's back, as it owes what it cannot collect to the central bank (the back of which cannot be broken).

In other words, this is a testament to the desperation imposed upon the satellite banks (who only get a share of the action until the curtain drops) by the central banking system.




mike


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"When the freedom they wished for most was the freedom from responsibility, then Athens ceased to be free, and never was free again."



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 Post subject: Re: Bank Demolition of New Homes -Destruction of Supply
PostPosted: 19 May 2009, 9:03 am 
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The dictatorial powers so called independent & not auditable by Congress or We the People is a hard fact that proves that the present institution of central banking is centrally planning communism at work. As we perfectly see how China's communistic parties with open arms welcomed capitalistic philosophy to further crystallize their political existence accumulating fantastic wealth at the same time. Extremal or morale free fiat-based-capitalism & all forms of fiat-based-communism are perfect partners in business in a world where rule of law is not open to/for business.

Bank Demolition is an example of how banks keep the prices from not dropping - example is in a way equivalent to dumping coffee or tea into the ocean so the prices are not effected by over supplies. Sick, Sick policies!




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 Post subject: Re: Bank Demolition of New Homes -Destruction of Supply
PostPosted: 19 May 2009, 11:22 am 
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I agree that capitalism and totalitarian regimes are perfect partners, particularly as capitalism endures the delusion of freedom and alleviates some of the decision making and police state burdens on communist governments. Capitalism is a different way to get the same job accomplished.

But I think these few houses being destroyed is just a matter of immediate numbers. If those homes are costing the bank taxes on the homes, and they aren't going to sell for years... then if the costs of those taxes are enough to put the bank over the edge, the bank is taking a huge loss on the home to avoid a much smaller short term loss which is the straw that breaks the camel's back. *Maybe* they're saying to themselves that the costs will be recouped in elevating prices at some other time, but I don't see that working out to any advantage, unless the price increases elsewhere make up for the loss in assets suffered by destroying the homes. That's not a winning formula. What I'm saying then is it expresses the dire conditions for the satellite banks. They're destroying huge assets to achieve a small near term reduction in overhead — with little if any hope of making up the difference *ever* in terms of eventual price elevation.




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"When the freedom they wished for most was the freedom from responsibility, then Athens ceased to be free, and never was free again."



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 Post subject: Re: Bank Demolition of New Homes -Destruction of Supply
PostPosted: 19 May 2009, 11:50 am 
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Yes, it could be the case. This could be an example how the banksters are cutting costs too.




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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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