Massive Amounts Of Growing Subprime Credit Ratings Are Causing Further And Further Deterioration Of U.S. Real Estate Market And Overall Economy
There are hundreds of Tips that I could give the government of the United States, that if implemented, would significantly help to end America's real estate market and overall economic financial crisis. One of my Top 100 Tips would be to abolish the Credit Rating System. Why? Because this system was irresponsibly, immorally, unethically, and illegally created in order to deliberately drive the majority of Americans and their businesses into a sub-prime credit rating status. Accomplishing this enables the lenders and creditors of the world to charge Americans excessive and, in my opinion, illegal interest rates, late fees, and other miscellaneous charges.
Implementing and orchestrating this financial fiasco, has absolutely resulted in creditors and lenders being legally permitted, which in itself I find unbelievable, to reap excessive, totally unfair, and obscene profits. This fiasco has and will continue to result in millions of Americans and their businesses: 1) being in debt for potentially the rest of their lives, and 2) unable to increase their existing purchasing power, which if possible, could significantly help to stimulate the U. S. real estate market and overall economy in a positive direction. Are you sensing that I might have a slight problem with the current Credit Rating System, the creditors and lenders who created it and our government who has permitted it?
The truth of the matter is, the U. S. creditors and lenders of the world, our government as well as all Americans and their businesses are now paying a very severe financial and psychological price for allowing the Credit Rating System Vessel to be built and permitted to sail in the first place. The reason is because this vessel has significantly contributed to the development and continuation of the many, very serious, and monumental Financial Problems that the U. S. real estate market and overall economy are now facing. Remember these Financial Problems, many of which I’ll be listing in Section #2 of this book, collectively represent the current Financial Crisis that the United States is now facing. This vessel, which was designed to take creditors and lenders to the Financial Promised Land where zillions of dollars in profits supposedly awaited them, has now hit an enormous Iceberg. This iceberg, which by the way is the 3 Words that I have been referring to, is not only going to prevent the vessel from reaching the Financial Promised Land but it’s also going to sink it as well. Simply stated the very vessel U. S. creditors and lenders created to make themselves zillions of dollars is now the same vessel that will lose them zillions of dollars as well.
The Credit Rating System is causing further and further deterioration of the U.S. real estate market and overall economy because 1) it is causing Massive Payment Delinquencies, in all consumer debt level categories, to continue to increase, 2) it is preventing millions of Americans and their businesses from being able to borrow and spend money due to sub-prime credit ratings, and 3) it is substantially decreasing America's income and disposable income. Tragically and unnecessarily, the U. S. real estate market and overall economy will continue to deteriorate both very badly and very quickly until the majority of Americans and their businesses are able to borrow and spend money again.
One Of Life’s Lessons That Helped Create America’s Financial Crisis
Here is one of Life’s Lessons I would like to share with you. Not only can lenders and creditors learn from it, but we can all learn from it as well.
Whenever Greed Is Put Into Any Formula That Formula Will Self Destruct At Some Point In Time.
That point in time has now come for America.
Very detailed information concerning 1) the real truth about the current devastating condition of the U. S. real estate market and overall economy, 2) reasons why America’s real estate market and overall economic financial crisis began, and most importantly, 3) solutions that will enable America’s real estate market and overall economy to get back on very prosperous tracks again can be found in my America's Financial Crisis Solutions Book. This Book is the first of 5 that comprise my U.S. Economic Crisis Solutions Training System.
Respectfully, Phil Mitsch
America's Leading Financial Crisis, Real Estate and Mortgage Expert And Trainer
Real Estate Industry's All Time Top Producing Residential Realtor
Cherry Hill, New Jersey
856-665-6569
http://PhilMitschForAmerica.com
philmitsch@verizon.net
Special Note
All 6000 + of Phil Mitsch’s 1) U.S. Economic Crisis Solutions, 2) Home Buyer, 3) Home Seller, 4) Real Estate Professional, 5) Mortgage Professional, and 6) Life Lessons can be obtained in his 70 Books that comprise his 8 Training Systems. These Systems can be found at http://PhilMitschForAmerica.com.
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