From the looks of it the USA is not only one where people are losing their jobs left and right and the middle class in dwindling down to nothing. The worst part is that this will not only add to the extreme worldwide homeless rates but this will also add to the highly expected rental society being created by the hedge funds and any other entities that have their hands in this. For the year 2014 alone, London has an anticipated amount of foreclosures in the whopping 24,000 range and Ireland is continuing to foreclose at a rate of around 700 per week.
The Mortgage Introducer states
“The question needs to be asked whether lenders will become tougher during 2014 as property prices climb amid ‘perceived’ improving household finances. If this scenario happens, repossessions could actually be higher than we have forecast.”
Analysts are continually looking for ways to make inflation look better but falling way short. The devil is in the details and the foreclosure train just keep on coming strong in perfect alignment with the future plans of the new world.
Eurocentric policies do not work and neither do the current USA Eurocentric policies unless of coarse its all in the plan to remove property rights moving forward.