SERIOUS TIMES!
Jim Channon Calling on a Moratorium on development in Kohala Hawaii ..and suggesting wiser land use ( growing more food )and agricultural sustainment for the local population.preperation ideas, in case of…many possible disasters that could cut off food and water supplies to the island very quickly.
A group of local citizens has been collecting and sharing a list of
questions to help us all better understand the real consequences of
Kohala’s largest ever housing development. So far no one interviewed has
been able to answer the most basic questions. If anyone out there
including Surety wants to answer these questions please send in your
information and we will publish it for the other news subscribers. The story
here is that there is no story and there should be one.
Send this to your readers:
Thanks in advance. This is probably the most important situation in
modern Kohala history. If we get it wrong we will be another Kona
within three years.
Who is the president of Surety?
Why haven’t we seen anything of him since the community survey days?
Where is the headquarters of this company?
What is the primary business of this company?
Does it include gambling casino’s?
Is it bankrupt?
Why was the name changed to Surety?
What does Surety mean anyway?
What specifically have you done to create solutions for all the items
that were listed in the community plan created by you in the early
nineties?
When did you stop being the steward for Kohala’s prime agricultural
parcels and become a pure real estate sales company?
Some people say you have sold all of Kohala’s groomed agricultural
lands to people who are not farmers. Is that true?
Was there a disclosure in the sale document that encouraged the new
land owners to grow food for a community that now has lost its
agricultural base?
How many of these people actually live here?
What are the statistics on resale? What was your profit from these
sales so far?
One story says a man named Ernie Mooney (a slot machine casino man)has
resold his many parcels of land in many cases. What are his profits and
how much do you think that has raised the real estate values in
Kohala?
How much % of your profits have you put into the capital improvements
of Kohala’s prime farm lands? The ditch, cattle fencing, roads,
sewerage, culverts etc.
What percentage of your annual profits went into the repair of the
ditch?
Is there a printed disclosure of these figures? Why not?
How would you answer the charge that you single handedly have
dismantled Kohala’s agricultural future?
Have you had a community meeting that’s required you to announce your
new development intentions and plans in the required detail to the
people of Kohala? When was that? Did you cover the areas we are talking
about today?
Someone said there were 34 people at one such meeting and that is less
than half of one percent of the people who live here. Do you think
that constitutes a viable community meeting? Are you going to have
another meeting that shows full build-out illustrations with water, roads,
infrastructure, and power solutions to mitigate bringing 1000 more
people to kohala?
Since the ditch no longer functions how will water be provided to the
new residents.
Do you have a model home design showing what people will get for an
affordable home under $100,000? Are people going to be able to build
their own homes?
How is your plan different from other urban tracked home plans with no
space for growing or water catchment?
Will you add another wind farm to make up for loosing our new found
power system?
What is your estimate of the number of new cars that will now be on our
highways?
Are you willing to pay for round-a-bouts so we don’t have to have
traffic lights?
How will you take care of the 1000 new mouths to feed in case of a
shipping stoppage?
Have you ever seen an ag-centered housing development?
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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.
If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.
Prepare yourself and protect your family from this coming economic catastrophe.
PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:
Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:
Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….
Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.
Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.
Negative Fundamental
Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.
That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.
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Jim Cramer devating a spokeperson for the NAR
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Inflationary Holocaust. ‘Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Rogers said that the only solution to the market crisis was to let failing banks and speculators go bankrupt and stop pumping endless amounts of liquidity into the system, labeling it outrageous that responsible investors and taxpayers are being made to bail out crooks on Wall Street.
“The way to solve this problem is to let people go bankrupt,” Rogers stressed, “All of this pumping money into the system is not going to save it – see what the market is saying, it’s saying we don’t buy that, let people go bankrupt,” he added.
“Then you will hit bottom and then you start over. The people who are sound will take over the assets from the people who aren’t sound and we will start over. This is the way the world has worked for a few thousand years,” said Rogers.
Rogers warned that the reliance on governments printing money would not aid a recovery and would only lead to the problem becoming worse in the future.
“We’re setting the stage for when we come out of this of a massive inflation holocaust,” he said.
Rogers said that excesses of credit and people becoming over-leveraged meant that they would now have to take some pain.
“Never before in world history were people able to buy houses with no money down, many people bought four or five houses with no money down and no job and then they did it with cars and student loans and credit card loans, you just think we say well that’s too bad we’re gonna start over nobody loses his job, be realistic,” said Rogers.
Rogers said that the G7 leaders, who are meeting this weekend, should “go down to the bar, have a beer and leave the rest of us alone, let the people who are sound succeed and let the other people fail.”
“What I’m afraid of is they’re gonna keep doing what they’ve been doing – which the market hates, you can see the market hates it – because this is going to unleash rampant inflation around the world, rampant confusion in the currency markets and you’re gonna have currencies gyrating all over the world,” said Rogers, repeating that the central bankers were unleashing an “inflationary holocaust”.
A CNBC expert then expressed his confusion at Rogers’ argument that overprinting of currency caused hyper inflation, seemingly displaying less grasp of basic economic cause and effect principles than a 5-year-old would.
Rogers again made the point, “When you print gigantic amounts of money and you flood the world with money, throughout history that has led to inflation.
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This full-length feature (sorry) details the recent sales history of the Soleil/Bordeaux tracts in the heart of Carmel Valley, which we thought would be under downward pricing pressure this year. But not yet.
Duration : 0:9:15
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