Most great nations, at the peak of their economic power, become arrogant and wage great world wars at great cost, wasting vast resources, taking on huge debt, and ultimately burning themselves out.
~ Kevin Phillips, Wealth and Democracy, 2002
Popularity: 6% [?]
Last Friday on the 5th of March, 2010, Senate Majority Leader Harry Reid proclaims the big day of America, “Today is a big day in America.” The reason for that day being a big day was that “only 36,000 people lost their jobs today”. I am not sure if that fact should become a reason of Americans to celebrate it as a ‘big day’. Here is the full story of his ironic proclamation, click here. Or go ahead and watch him actually say that on national TV:
Popularity: 2% [?]
…is an interactive online book written by Robert Kiyosaki to help commoners to understand what is going on in the economic world today, what will happen and what to do (or not to do) in order to survive the coming greatest depression of all time.
Popularity: 3% [?]
Obama’s mortgage refinancing program called ‘Making Home Affordable‘ program is supposed to expire this June 2010. It was announced in April 2009 and was meant to help 5 million troubled homeowners.
Unfortunately many of these homeowners experienced different problems. Some homeowners could not qualify for the program because they were too deep in debt. The program is also limited to mortgage loans backed by Fannie Mae or Freddie Mac. Many homeowners have second mortgages or private mortgage insurance, which got in the way of refinancing a primary loan. There are reasons for not refinancing because many were not able to afford the closing fees involved in it. Additionally, in many cases it is the lenders’ delay in processing complex refinancing packages for homeowners with secondary mortgages or their struggle to update their computer systems to accommodate the program. As a result only about 190,000 homeowners were able to refinance their mortgage.
Popularity: 5% [?]
When The Trends Research Institute predicted the collapse for 2009, many people said that they were wrong and that the collapse did not happen. However, according to Gerald Celente, the collapse actually did happen back in March 2009 when the worlds’ equity market crumbled. The reason why many people don’t actually “see” or “feel” it, is because there is a world wide cover up using bail out money and stimulus packages. In the interview with Russia Today, Celente explained that from China to UK and from the US to Australia, trillions of dollars were poured out into the financial system in order to prop it back up from the collapse.
Popularity: 12% [?]
On Jan 28, just last month, George Soros, in an interview with Davos Man, said that gold is due for a fall. At the World Economic Forum in Switzerland he said, “When interest rates are low we have conditions for asset bubbles to develop and they are developing at the moment. The ultimate asset bubble is gold.” His quote immediately hit the headlines and people believed.
Popularity: 18% [?]
Marking the anniversary of the $787 billion stimulus bill, Obama said last week, “One year later, thanks to the Recovery Act, we can stand here again and say that a second depression is no longer a possibility.”
A second depression is no longer a possibility? I wonder how much longer Americans are actually letting their government lie to them straight into their faces…
Popularity: 4% [?]
Ever since Obama ran for office I have been accused of being negative. Sure, I’m only human, and when my fellow Americans get excited, I usually go with that flow. But hearing about Obama’s “vision” for the future, I couldn’t help but realize that the math just didn’t add up.
Popularity: 5% [?]
The Mortgage Bankers Association just released numbers which shows that the housing and foreclosure crisis is far from over.
Popularity: 3% [?]
In the past decades, US students were told that having student loans is having a “good debt”. The reason was because taking out this kind of loan is like investing into the future and that it will pay off once they graduate and get a 6-figure income job. Unfortunately, it has never that simple.
Popularity: 7% [?]
Popularity: 5% [?]
