http://inflation.us/
Day 2 of 2
BattleBornBroadcast
and George4title explore the economic reality of Las Vegas. From the 9.8 billion dollar City Center to doubling our homeless population, Las Vegas is juggling both ends of the economic coin. George4title and BattleBornBroadcast hit the streets to make sense of a real estate market gone wild, commercial real estate collapse and billion dollar bust.
Economists predict more struggles for Las Vegas housing market
Las Vegas Sun – Buck Wargo – Jan 20, 2010
It will be continued suffering, NAHB Chief Economist David Crowe said of the Las Vegas economy and housing market in 2010. That is the simplest way to …
Tour the new dream home: At International Builders’ Show, it’s small, virtual … USA Today
Housing construction rebound is in slo-mo, economists say Dallas Morning News
Homebuilding Forecast: Modest Growth in 2010 ABC News
http://www.lasvegassun.com/news/2010/jan/20/economists-predict-more-struggles-las-vegas-housin/
http://content.usatoday.com/communities/greenhouse/post/2010/01/tour-most-innovative-house-never-built-on-virtual-display-at-ibs/1
Duration : 0:9:15
[youtube N266TC3hX7M]
If the US …
If the US government couldn’t pay the interest on it debt, the dollar would be deemed ‘dead’. Theres a latin term I cannot remember. But I assure the US actual national debt is FAR more than 12 trillion. That figure firstly doesn’t include war debt or any promised debt it must pay. The I have a debt clock that shows the truth at around 74 trillion. This I believe is a conservative estimate. There is remember also their black budget. Lets not forget the derivatives debt of a quadrillion.
Las Vegas is a …
Las Vegas is a modern boomtown that will inevitably go bust just like all the other boomtowns in nevada. Take a look at a nevada map. littered with abandoned towns because resourced dry up like precious water and oil.
The global economic situation I think will just speed it up.
Same story, just 100 years later.
The fix for all our …
The fix for all our woes is a simple one.
The United States Constitution.
had john mccain …
had john mccain been elected in 2008 we would be at war with Iran & gas would be 5 dollars a gallon & half the u.s population would be out of work because we could no longer afford to drive to work or even to the grocery store to buy food that we also could no longer afford
for those who want …
for those who want to blame obama for all of this .. am I the only one that notices that the cost of gasoline per gallon drops dramatically just before every presidential election when we have a sitting GOP president?? it happened in 2004 & 2008 & now it’s flat lined because obama does not have ties to corporate oil like george bush did/ & still does.. big oil always wants a GOP president in office because they can price oil at whatever level they wish
@alexnolen the …
@alexnolen the only positive thing that I would say to you is that if you do somehow find a way to get out of there & I really think that you need to, go somewhere that isn’t desert because all of those places will suffer the most first & also the worst later.. you’re right that it’s only a matter of time before we see the cost of gas start to go back up. I hope you can figure out somewhere to go.. just get out of the southwest where the water will run out first
@jiminiflix do you …
@jiminiflix do you know what the daily interest is on the national debt ??? it is so ridiculously high that we cannot even pay the interest on the national debt so there’s no way that this debt is ever going to be reversed.. do you think that things will be better if we suddenly have another republican president ?? that would only speed up the inevitable decline
@jiminiflix what …
@jiminiflix what you have not taken into consideration is that the debt was already there before obama became president.. the vast majority of this debt is from defense spending for two pointless wars. george bush bankrupt the state of texas when he was governor.. very few payed attention to that & he became president & ran the whole country into the ground the very same way that he did the state of texas…he spent billions freely with no consideration of the consequences. now we see the result
I was born and …
I was born and raised here in Las Vegas. Land Surveyor by trade sitting at home right now not working. We are running out of water.
All of our food is trucked in from out of state and when oil prices spike food will be too expensive to buy. I predict ghost town in 20 years.
I need to get out, but where can I go to get a job? very grim indeed.
don’t expect …
don’t expect anything to get better in this country soon. As long as jobs and manufacturing is leaving the country and the American paper dollar is backed by nothing we will head straight down
Terrific video …
Terrific video George, you offer some keen insight into the problems of Vegas that someone like myself sitting in Georgia will never see in any media available to me.
I work in corporate America and you are so, so right in saying that the small people are getting ‘squeezed by corpoartions demanding more and more and paying less and less.’ to paraphrase what I heard. Corpoarate greed is rampant, moreso than I have ever seen. Its throughout our country; Capitalism on steroids.
Greg
I worked in Las …
I worked in Las Vegas when it was the greatest city in Nevada or the US for that matter, 1955-1967. It Had Class. Now it’s little more than an amusement park for little kids and their nurotic mommies. The Tropicana was owned by Frank Costello where I worked and we were refered to as the Tiffany of the Strip. Now it’s a FRIGGIN DISSASTER ZONE with penny players in cheap garb. THE CLASS LEFT WITH CIRCUS CIRCUS AND THE STEVE WYNNS of Vegas, and with it so did VEGAS forever!
Yep just what I …
Yep just what I thought too.
@WilliamHCarney I …
@WilliamHCarney I agree but you’ve got a lunatic as your president TODAY! Get him out first , he’s going to bankrupt the USA. He has sent 30,000 troops to Afghanistan ( He lied on that) , hes sendin 200,000 more UN to USA for martial law- that will make it under 1000000 soldiers to control the masses when the dollar crashes.
Impeached for his …
Impeached for his lies. Are you crazy? You obviously missed the GOP Retreat January 29, and what Obama also told people in New Hampshire today Feb 02. All on live T.V. Impeached. That’s really funny. The Party of No needs to be Impeached. Especially the Republicans from 2000-2006. You need to do your research. It’s all been coming to the surface which is why the GOP has been of. Their dirt is coming out.
@NotForSale2NWO
…
@NotForSale2NWO
funny how they named that Hotel the Echelon
ITS COMING= …
ITS COMING= hyperinflation, dollar crash, martial law, FEMA prisons, homelessness, tent cities, civil war- its coming- and Obama MUST be impeached for his fraudulent lies. The US debt is atleast 70 trillion. WAKE UP people this fairly tale we are in will soon end.
Las Vegas is …
Las Vegas is totally doomed.
But this has less to do with economics but with water shortage. Colorado river? Without a good map you will not find this rill anymore.
This is also a credit reset, a credit the Las Vegas had with mother nature and which is now subprime.
thanks 4 taking the …
thanks 4 taking the time to put tthis report together
STARDUST 1997 …
STARDUST 1997 implosion looks just like WTC 2001.
There is an active …
There is an active interment camp at 29 palms, it contains Americans…. go to my channel for intel
Today(1-28-2010) …
Today(1-28-2010) tha local coin shop was EMPTY of Canadian-Silver-Maple-Coins(“A First”… VERY- H OMINOUS), but still had plenty of US Silver Eagles(w/2% copper), even virtually all tha Silver Bars-Bullion Was GONE also… Next It will be EMPTY FOOD SHELVES at tha grocery store?
they already …
they already extracted 30 trillion out of USA
that’s more than all the govts of USA in the entire history of the country had spent .
I’d say the economy is down in USA for the count
Americans just do not realize the damage that’s been done is all.
I see the worse …
I see the worse case scenario as no civil war and Americans remained enslaved
With the Indian …
With the Indian Casino’s and horseracing conversion into Casino’s Vegas is dieing a slow death. I live in WV and the table games start in June and the expectations to obtain market share are huge.Why fly when you can drive an hour. We are 70 miles from DC. Vegas in 50 years will turn back to the Desert it once was. Great job George finally some true reporting.