American Economic Collapse, Las Vegas Day 2
inflation.us Day 2 of 2 BattleBornBroadcast www.youtube.com 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 www.lasvegassun.com content.usatoday.com
i have never though of that. las vegas Being a Bata Test ? This Place Is Going To Be Desolate.
@londonlyrictv
What the what I have lived in Vegas for 8 years there is no zoo, not many museums. As a rock climber I will give Vegas three thumbs up for outdoor activities Red Rocks, Zion, etc are amazing.
The guy that posted these videos is all over the map with the economic “opinions” he is spewing. First saying that the failure of businesses in Las Vegas to complete construction is “not laissez-faire” (it is, completely), then wildly swinging the other way to complaining about the “socialistic policies” of the “administration” “squeezing the little guy out”. I can’t figure out if this guy is coming or going.
Vegas’ economy is terrible.
@WreckedDixie yeah, there is nothing useful there, except the opportunity to speculate and gamble.
greed never wins
go take it to the steps of the Bilderberg Group & Killuminati/Illuminazi’s. Kill the economy & expected people to keep gambling?? What mental manure those guys came from! I don’t hav any sympathy or empathy since it’s known that every casino uses direct energy weapons on every person the minute they walk in. You won’t win at the games becuz they are controled wi/this technology & used on people to make them continue putting all their cash into it. far 2 many dont kno about this technlgy ‘n shuld
Well I don’t care what anyone says, Vegas was a great place to live. I use to live there about a year ago and it was booming. Vegas isn’t all about gambling and prostitution as people think. There are great churches, schools, libraries, museums, zoo’s and very beautiful places there. I have lived in a lot of places and Vegas was always the best. If you haven’t lived there before, don’t talk crap about it.
@CasualDude agree. Huge differences in incomes leads to disaster. Everybody is important in an consumption society. Even those who just consumpt. The savage capitalism of work or die logic is repulsive and animalistic. And it leads to total destruction. US should abandon the laisezz faire capitalism and apply a capital system with big safety net. As the scandinavians are doing. Sure the super rich would be against but who cares about them.
This guy has his economics twisted. The painful truth is that free market laissez faire capitalism is the PROBLEM not the solution and Las Vegas is the ultimate manifestation of the greed and materialism that has dictated economic policy over the past 30 years. The housing bubble was the result of government deregulation, NOT government intervention in the economy. An international economic system based on sustainability and cooperation among working people is needed.
I worked City Center and left Las Vegas after my company was laid off. The actual money spent was 12 billion not 9 bill. It truley was a waste.
My friend bought in 90 for 79K, in 06 home value rose to 350K. He wanted to sell, wife and kids said no. Today same home going for 100k to 110k and plunging. His friend is in RE and says, home sales r brisk w/multi offers. Yet his RE friend says, we are no where near the bottom. And fears only the cash buyers will have the holding power, should economy worsen. More option arms and Alt A’s r coming. If u plan to buy and rent it out, u better have a good plan B !!! IMHO
why do people even go to vegas? its an overpriced money wasting sesspool
It looks like Brazil during the 90´s. WHAT A HELL, haha…
@vegaspilot03 As yes, free Silver. Good luck getting that off the ground. Silver was defeated in the 1896 Presidential election when Americans advocated free silver to replace the dominance of gold and reduce prices. As is typical in this country, the banks and financial institutions always win like they did in ’96 when Mckinley won the Presidency.
@MultiSmartass1 so much for the dollar eh? Silver silver silver….
Actually, It should have read “better hope they don’t get rid of those” US Dollars.
Sorry, I guess Iam not entirely awake.
@vegaspilot03 Unfortunately, I have forced myself to read up on economics and business, two subjects I hitherto had little to no interest in. The US has had its day economically. What people here don’t understand is nothing lasts forever. The party will be over if not today, tomorrow or next week than next year or the next decade. China owns over $2 trillion in obligations and a good number of those are in US dollars. Better hope they get rid of those.
@MultiSmartass1 I agree with you that we never had a completely free market. We were the closest in recent history, and we were the most free (liberty-wise), the most prosperous, and the best government in recent history. That was some time ago. Nixon placed a nail in the coffin, but there were many nails used. I am glad that you are understanding these issues, they are vast and quite entrenched into our monetary system. I hope we can pull the plug on the printing press.
@vegaspilot03 We have never really had a free market in this country. we’ve had freer markets in the past but the economy has largely been the result of not central planning but central guidance. The larger issues regarding the governments around the globe as well as the US stems from the fact in 1971. Nixon largely diamantled the Bretton Woods system allowing capital to fleely float without controls and the end of Glass-Steagall in ’99 also.
@MultiSmartass1 my friend, i understand your anger, but your emotions are misplaced on their enemy. Under free markets, the Federal Reserve would not exist, Government would never get involved in “bailing” out anyone, and the oil government would never have placed a ban on near shore drilling (aka, “safe drilling”) it was the government that forced oil companies to drill in unsafe places by giving them an incentive: a limit of $75 mil. in costs in case of an oil spill, is BP @ fault? yes and no.
@vegaspilot03 The free market just fucked America. It was called TARP, it was called a bailout. Tax payer moneys went to prop up AIG, Citibank, Goldman Sachs.
The free market just fucked America. It was called the BP Oil spill in the gulf of mexico. The free market if like smoking: bad for your health.
@MultiSmartass1 the free market doesnt fuck people. the free market gets rid of the bad investments. The government… well they try not to fuck people, they can only invest what they take from us… so….
I live in Vegas, they tried to develope downtown years ago, and that didn’t work either.
The parking downtown sucks and the surroundung area ia dangerous.
Nice presentation George. If there is any doubt in peoples minds that we are in fact in a depression those soon will be dispelled for the upcoming deflation is near. It will be interesting to see how the Vegas area bodes during this period. In the prior 1930s depression they did ok because of new laws that legalized gambling and the construction of the Hoover Dam. I was there last August and looks like this are getting worse since then.