Did anyone see any numbers in the article below? US is still getting a
million a year from Latin America to us. Then we've got all these
illegal Indians and Chinese overstaying their visitor and other visas
in the USA. I have not yet seen anything in any of the media I read
about any mass exodus from the USA.
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On Mar 31, 12:07 am, indiaBPOking <indiabpok...@[EMAIL PROTECTED]
> wrote:
> http://www.pej.org/html/modules.php?op=modload&name=News&file=article...
>
> PEJ News - chycho - In September of 2007, the city of Windsor, which
> borders the United States, officially asked for financial assistance
> from Ottawa to deal with American refugees flooding into Canada. This
> is proving to be the tip of the iceberg, and only the first wave of
> economic refugees that have been created in the United States.
>
> There are now tent cities being built outside most large metropolitan
> areas, one of the largest of which is in Los Angeles. The following
> re****t from the BBC highlights the consequence of the US subprime
> meltdown and the fears that the crisis is growing.
>
> Tent cities spring up in LA(1:33)
>
> The homelessness situation has grown so rapidly in the United States
> that certain cities are issuing color-coded wristbands - blue for
> those who can stay, "orange for people who need to provide more
> do***entation, and white for those who must leave." Refugees will no
> longer be able to stay in one area, meaning that many towns and cities
> will now have to be prepared to receive migrant refugees displaced by
> local governments from other districts and States.
>
> Canadians will also need to be prepared for this influx, especially
> considering that the average processing time for a refugee claim in
> Canada is currently 14.2 months, "a period during which the applicant
> is eligible for financial and other sup****t. A failed claimant then
> also has the right to seek leave to appeal his or her rejection to
> federal court." If the American refugee crisis continues to grow as
> analysts predict, then the cost to Canadians will be astronomical.
>
> Aside from tens of thousands of Americans becoming refugees in their
> own country, there is another problem. As The Atlantic is re****ting,
> "the subprime crisis is just the tip of the iceberg. Fundamental
> changes in American life may turn today's McMansions into tomorrow's
> tenements." Over 60% of the homes in certain communities "were in
> foreclosure as of late last year. Vandals have kicked in doors and
> stripped the copper wire from vacant houses; drug users and homeless
> people have furtively moved in."
>
> "The experience of cities during the 1950s through the '80s suggests
> that the fate of many single-family homes on the metropolitan fringes
> will be resale, at rock-bottom prices, to lower-income families--and in
> all likelihood, eventual conversion to apartments... much of the future
> decline is likely to occur on the fringes, in towns far away from the
> central city, not served by rail transit, and lacking any real core.
> In other words, some of the worst problems are likely to be seen in
> some of the country's more recently developed areas--and not only those
> inhabited by subprime-mortgage borrowers. Many of these areas will
> become magnets for poverty, crime, and social dysfunction."
>
> All of this is occurring while: the US government bails out Wall
> Street; credit card companies raise record amounts of money by issuing
> shares; the economic crisis draws comparison to the 1929 stock market
> crash; investigation of predatory banks gets killed; The Federal
> Deposit Insurance Corp. prepares for bank failures; and the Federal
> Reserve Bank of Atlanta releases a crisis peparedness video.
>
> And some thought that Stocking the Root Cellar was only for conspiracy
> theorists.
> NOTE: Some Americans are discovering that they are able to keep their
> homes and save themselves from becoming refugees by challenging the
> banks. All they are doing is asking the courts for proof that the
> banks own the mortgage notes that they claim to own. "Judges in at
> least five states have stopped foreclosure proceedings because the
> banks that pool mortgages into securities and the companies that
> collect monthly payments haven't been able to prove they own the
> mortgages." More on this at "Banks Lose to Deadbeat Homeowners as
> Loans Sold in Bonds Vanish." I personally know what I would be doing
> if I owned a mortgage in the United States. Good luck, and remember,
> according to the ex-Comptroller General of the United States, the top
> accountant for the United States of America, "deficit spending and
> promised benefits for federal entitlement programs have put every man,
> woman, and child in the United States on the hook for $175,000". In
> essence, the United States is bankrupt.
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