Archive for April, 2011

Student Debt is the Worst Investment Ever!

I just read an article on NPlusOneMag.com regarding student debt. This is probably the first time ever that I found somebody honestly and daringly writing that student debt or debt for higher education is the worst investment ever, especially if it is in the United States. The article mentions how nobody dares call higher education [...]

IMF: The Age of America Ends in 2016

end-of-america

The IMF (International Monetary Fund) just posted probably their most controversial prediction ever on their website which most of the world are not even aware of yet. This organization has actually set a date when the age of America will end and be overtaken by China. This is the first time that the IMF actually [...]

“Gold Bubble” – Debunking the Myth

gold-bubble

Gold price has now reached over $1,500 an ounce and it may not be too long before Gerald Celente’s prediction comes to pass – gold price at $2,000 an ounce. However, there are so many “experts” out there who circulate a meme that gold is in a bubble and that it is the right time [...]

American Empire Collapse: Weiss Research Warns of the Great American Apocalypse

private-student-loans-american-apocalypse

Weiss Research is the only firm in America that rated and specifically named well ahead of time, the companies that got crushed by the last crisis, including General Motors, Lehman Brothers, Fannie Mae, Citigroup and dozens more. Many who ignored their warnings at the time lost their fortunes, but this time, Martin Weiss, Chairman of [...]

Taking Advantage of Over 12 Months 0% Balance Transfers to Get Rid of Credit Card Debts

To help credit card owners to repay their credit card debt, credit card issuers are introducing new and better deals constantly. Now more than ever is a great time for consumers looking to transfer outstanding balances and save money on interest rates and maybe even fees as well. Already in the month of April, the [...]

‘Am I Going to Have to Kill You?’: The Horrific Ways Abusive Debt Collectors Threaten and Harass Their Victims

private student loans

(Alternet.org) In an economic downturn, some debt collectors have concluded that violating federal law is simply the cost of doing business. Bart Bryant remembers all too well the day a very nasty and confrontational debt collector called to speak to his wife. By the time Bryant decided to take legal action, the Connecticut-based blues-rock musician [...]

What Are the Alternatives to $100K in Private Student Loans Debt?

(Of Two Minds) Are there credible alternatives to $100,000 in debt for college? Yes. Correspondent D.S., with one daughter in college and other children nearing graduation from high school, asks: what are the credible alternatives to $100,000 in debt for college? D.S. mentioned the relative paucity of apprenticeships in the U.S., and this is certainly [...]

Will China Eventually Own the US?

While the US exports inflation into the global economy, the other side of the world is quietly rising, leaving the US slowly but surely behind. Comparing the currencies of the two countries, property and financial market and all other economic aspects, the Chinese continues to rise and the dragon from the east is now on [...]

Consumer Debt Increase Signals Fake Prosperity and Fake Economic Recovery

private student loans

According to a recent report from the Federal Reserve, consumer debt in the United States increased for the fifth consecutive month. This increase occurred amid a decrease in consumer credit card debt. Disregarding all other signs of the dying economy such as unemployment rate, the decreasing value of the US dollar and the total national [...]

Four Silver Investments to Avoid

(Sovereign Man) Tim Staermose here, Simon’s tied up today looking for property on the Chilean countryside. Nine years ago I gave up my six-figure salary, bonuses and perks, and resigned from my job at Lehman Brothers in Hong Kong. I could see we were on the cusp of a massive bull market in gold and [...]