The banks are holding assets that are in a declining valuation and they have been given a deferral on reconciling their assets values. Instead of valuing this inventory at market value, they have maintained the value at these houses at their original cost. If they were to immediately sell off these non-earning assets, the banks would be insolvent.
Unlike the 1980’s when the S&L crisis forced a cleansing of the banking system, the current central planners want to keep the status quo. They are repressing interest rates to keep the current banking system in place. The rigging of these rates help the banks, not the soon-to-retire baby boomers.
This excess inventory would normally force prices down in the real estate industry but the central planners know that if prices drop, the economy will suffer even more than it currently is. The economy is teetering on the second half of the “Great Recession”. If the numbers were being reported properly, the public would realize that we are already in the 2nd dip. The “perception” game is in full swing.
The current system will ultimately be replaced with a “righteous” system designed by Our Heavenly Father. It will be one of equal weights and measures. Wisdom from Above will be used to build the infrastructure. Anointed men and women will be called to oversee the system and defend its viability. They are being prepared now. They will understand and embrace Divine Intent and walk in Love. They will be motivated by Love to insure fairness and equity in the system. The current lawlessness will be exposed and removed. No longer will mankind be enslaved by Mystery Babylon. The system will be cleansed of the fraud that has been perpetuated by those who are currently in control. This will be one aspect of Thy Kingdom Come!