My Loans Consolidated

The article that I read today on SmartMoney.com started with, “Getting private student loans is about to become easier.” That first sentence was enough to get my attention as even before things are made easier millions of students are already suffocating in their student loan debt, unable to pay it off due to the lingering recession and lack of job opportunities. Students who are going to take out loans from these lenders will most likely end up the same in 5 years as their seniors now. Even if the economy is recovering today, it will take more than 25 years to get it back to the same point it was before the recession. Have we not learned from the Great Depression in the 1930′s?

Read the rest of this entry »

Popularity: 1% [?]

This time Gerald Celente was interviewed on the Mitch Henck show on August 26, 2010. According to him, the game is finally over. The depression has already settled.

Popularity: 3% [?]

In the whole month of August people have been on holidays and some have come back but are still in the holiday mood. A lot of them have been asleep during summer and completely cut themselves off from news and all the important events that have occurred during the holidays.

Read the rest of this entry »

Popularity: 2% [?]

That is how Warren Buffet defined derivatives back in 2003 in his famous and plain-spoken “annual letter of shareholders” excerpts which was published by Fortune Magazine and quoted by BBC News in their article Buffet Warns on Investment Time Bombs. Up until 2007 only very few people actually knew what a derivative was. But even now many have heard of that word but very few actually know what it means.

Read the rest of this entry »

Popularity: 1% [?]

Popularity: 4% [?]

Last week, new claims for jobless benefits showed worrying signs for the US labour market. It has reached the half-million mark which is a new nine-month high. It has increased by 12,000 from the past month although Wall Street analysts initially expected claims to actually decrease. The jobless claims this month has been the highest since November 2009.

Read the rest of this entry »

Popularity: 1% [?]

China just inched ahead of Japan, making it the second largest economy after the US. It is predicted that although China is still behind the US, it will not be long until the US will be number two. Economists are predicting that it will take them less than 20 years to do so.

Read the rest of this entry »

Popularity: 1% [?]

Wasn’t the new health care reform law supposed to make health care more affordable for everyone?  Well, imagine my surprise when I opened up a letter from my health insurance company recently and found out that my health insurance premiums were going up by nearly 50 percent.  I am in perfect health and I have never had a single health insurance claim with this company.  Unfortunately, after doing a little research, I discovered that I am far from alone.  All over the United States, people are being hit with double-digit percentage increases in their health insurance premiums even as the health insurance predators continue to rake in record profits.  At a time when millions of American families are barely making it from month to month, the last thing they need is to be figuratively kicked in the groin by the health insurance companies.  But that is exactly what is happening.

Read the rest of this entry »

Popularity: 1% [?]

A Huge Mystery Remains To Be Solved

Yesterday marked the 39th anniversary of the day when the US Government declared bankruptcy. Oh, they didn’t call it that at the time. But what happened on August 15, 1971 was that the US defaulted on its promise to pay gold for dollars.

Read the rest of this entry »

Popularity: 1% [?]

Yep, you read it right. While America is almost choking to death by the impossible national debt it is in, the system that Man of the Year, Bernanke, set up is responsible for monetizing on this debt to make a few wealthy man behind the Federal Reserve, the “central bank” of America even wealthier.

Read the rest of this entry »

Popularity: 2% [?]