So I get this letter in my mailbox yesterday from one of my credit card companies, Merrick Bank. It’s one of several similar letters I’ve received recently. The letter goes on to inform me that, “as a result of the… Read More ›
economy
Silence is the Enemy
“Silence is the enemy, Against your urgency So rally up the demons of your soul!” Silence is the enemy. The government continues to destroy the dollar, reward irresponsibility, protect The Fed and its banker leadership from transparency to the public,… Read More ›
3.5% GDP Growth? Try only 0.5%
Q3 GDP up 3.5% over prior quarter is being pitched as the economic turn of the tides. The recovery is here, break out the champagne. The problem is, the mainstream media never actually looks at the numbers. They just get… Read More ›
Our Sub-Prime Government
The only thing missing from this cartoon is you, the taxpayer, driving the truck. Tax credits for home purchases are just re-distributions of wealth taken from all of us and given to first-time home buyers. Unfortunately for the rest of… Read More ›
FHA Buyers: 31% Fall off a Cliff
Americans are out of money. They just don’t have the cash they need to meet the down payment requirements of the major lenders. So what’s a politician to do? That’s easy. Just decide that the banks are being way too… Read More ›
How Our Government is Destroying the Dollar
Please click on the image to see it full size. Our government has in effect been operating the ponzi (pyramid) scheme I outline above. The end result will be the destruction of the U.S. dollar and a serious drop in… Read More ›
Resistance
I hate being an activist. I was perfectly happy being a business systems analyst and accountant. I had plans that I had to put on hold because of the economy. Since I tie the delay to my future happiness to… Read More ›
Cash-For-Clunkers kills Cars-For-Kids
I neglected to mention another group of Americans that were, and still are, being negatively impacted by this terrible government program. Many U.S. charities convert used cars to cash by selling them at auction and then use that money to… Read More ›
Why Home Prices Skyrocketed
The easiest way to explain why home prices skyrocketed so quickly is with a graph… I made it myself. I kinda like it. The 1 million figure is an arbitrary number I chose for this example, the actual number is… Read More ›
Cash For Clunkers – I was right, they were wrong.
The data suggest that critics of Cash for Clunkers who argued that it would just “steal” sales from the future were correct, and those who, like me, expected that a little stimulus applied to the car market would create some… Read More ›
FHA Mortgage Implosion Happening Now
As I noted in a recent post, a mini-bubble began this summer caused in part, by FHA loans. The pin is finally here. The Horrifying Facts According to the L.A. Times in just the past eight months, the FHA has… Read More ›
Support A True Patriot
I support the man, not the political party affiliation. As I’ve said before, I’m not interested in playing party politics, only in reducing the size of government. In summary, why we all need to support Peter Schiff in his bid… Read More ›
The Coming Foreclosure Tsunami & Our Elected Madhatters
Was away for a few weeks for work and took a short vacation. Let’s get back to it… There is an excellent post on a blog I have been following for years, the Irvine Housing Blog. The IHB has been… Read More ›
When will we be happy to pay too much?
This morning on CNBC there was a report on consumer spending and Wal-Mart reporting better than expected earnings. To my surprise Target is also doing very well. Target carries nicer/more expensive product that Wal-Mart but cheaper than other higher end… Read More ›
