/*
*/
recent posts

The new American Dream of rent...

The new American Dream of renting – 5 reasons why renting is a better economic choice than buying a home in 2012. The benefits of renting are rarely promoted unlike the large lobbying groups for home buying through the banking industry.
Posted on May 17, 2012
Washington and New York have no organized lobbying groups for renters. Yet for 2012 renting is likely the best bet for many of those that still have yet to purchase a home and are thinking about diving in. The machine wants you to be a homeowner even if it devours...

The Truth about Option ARMs, P...

The Truth about Option ARMs, Pick-a-Pay Mortgages, and Alt-A Loans: Looking at Wells Fargo, Bank of America, and JP Morgan. We are in the Eye of the $469 Billion Toxic Mortgage Hurricane and Silence is not Golden.
Posted on May 17, 2012
Let me be abundantly clear. We still have a Pay Option ARM and Alt-A mortgage problem. This will hit in full force in 2010 and we are already seeing many mortgage holders having trouble with actual recasts brought on by negative amortization. Yet there is a crew of...

Lehman Brothers: The Rise and ...

Lehman Brothers: The Rise and Fall of Lehman Brothers. A History that Goes Beyond the Great Depression.
Posted on May 17, 2012
Lehman Brothers, an investment bank that dates back to 1850, prior to the Civil War has now filed for bankruptcy. A storied institutions that has survived two World Wars, the Great Depression, and practically every other calamity in its 158-year history is no longer...

American Savings: Americans Sa...

American Savings: Americans Save an Average of $392 Per Year. Total Consumer Debt is over $2.5 Trillion. The Dark Knight of Debt.
Posted on May 17, 2012
I’m going to tell you something that you probably already know. Americans are horrible savers. In fact, this trait has provided the perfect breeding ground for credit products that provide the illusion of real wealth. I’ve been hammering away in article after...

Global Debt Crisis, There Is N...

Global Debt Crisis, There Is Not Enough Money On Planet Earth
Posted on May 16, 2012
No matter how you look at it, as The Automatic Earth and others have pointed out ad infinitum, in the end the US economy rests on two pillars: Jobs and Housing. They are where both all the good and bad in economic terms begin and end. Ben Bernanke and his Fed policies...

What is Money When the System ...

What is Money When the System Collapses?
Posted on May 16, 2012
What is money? Economist Mike Shedlock defines money through the eyes of Austrian economist Murray N. Rothbard as “a commodity used as a medium of exchange.” “Like all commodities, it has an existing stock, it faces demands by people to buy and hold it. Like all...

Revolution Trailer: “It’s Gonn...

Revolution Trailer: “It’s Gonna Turn Off, and It Will Never, Ever Turn Back On”
Posted on May 16, 2012
A new series this Fall from NBC looks like an exciting must watch for preppers (and we think some non-preppers may just be swayed into at least putting something away for an emergency). While we can’t speak for the quality of the show, it looks quite interesting,...

Greeks Rush the Banks; Lines F...

Greeks Rush the Banks; Lines Form at ATMs; Nearly $1 Billion Withdrawn in Past Week
Posted on May 16, 2012
Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos. With massive jobless rates that have forced many...

Carney: JPMorgan loss proves O...

Carney: JPMorgan loss proves Obama ‘right’ to push financial reform
Posted on May 15, 2012
White House press secretary Jay Carney said that in the wake of JPMorgan Chase’s $2 billion trading loss, it’s “amazing” that some — including presumptive GOP nominee Mitt Romney — are still looking to repeal the president’s Wall...

Obama’s Latest Ad Touts $299 M...

Obama’s Latest Ad Touts $299 Million Stimulus ‘Success’ of a Company That Downsized American Jobs and Outsourced a Factory to HungaryObama’s Latest Ad Touts $299 Million Stimulus ‘Success’ of a Company That Downsized American Jobs and Outsourced a Factory to Hungary
Posted on May 15, 2012
This is embarrassing. One of Obama’s new campaign ads features the story of Brian Slagle, an auto-worker in Ohio, who was worried that during the recession he would lose his job. The Toledo Blade and ABC news report that Slagle was an employee of Johnson Controls....
recent comments
  • GoneWithTheWind: First of all it was their money!!! What right does the gove...
  • HarleyDog: I see more than a tad of anti-Romney bias here, spin on a st...
  • HarleyDog: No sympathy. Excuses, excuses. "Over the years I forgot ab...
  • sharonsj: I think Samuelson is a little late. All I have read and he...
  • sharonsj: Rising food and gas prices are the result of the financial i...
  • bob: A plumber I questioned casually in public last week said bus...
  • John: I agree, the article is ill-thought out. One must remember t...
  • Michael F: I think the author is looking at he concept of bugging out, ...
  • Marie Rottschaefer: We must rebuild our planet. Land, waterways (oceans and fres...
  • MickeyG: Mining stocks? Can anyone say nationalization?...
  • sharonsj: I am a psychic "sensitive" and for at least three years now,...
  • corey: Since there is no possible way to fully pay off the massive ...
  • Peter Pan: Was the speech made by the same president that promised the ...
  • Tim: "World Peace 1974 - Henry Kissinger"!!! World Suppression m...
  • tableau: Nice post! I cant share this link : https://www.thecomingd...