All the havoc the Fed has wrecked in the monetary system, propping up broken bank models will be payed somehow. The American taxpayer won`t be delivered that bill to the door (unfortunately, you could figure out how much it will cost) but instead will be paying it through:
Lower wages + Less benefits + Less infrastructure […]
Don’t worry, it will. LoL This ‘gimmick’ by the oil companies have been a tool used since I worked at the service station in the mid 70s. The oil companies would declare some emergency, like some head of state of a third world nation getting a dose of the clap, and raise the […]
I have recently invested heavily in copper related stocks because
1) I’m convinced the dollar’s rally will be short lived making nearly all commodities more attractive.
Unfortunately, after reading this list, I’m extremely pessimistic about the US Dollar. http://www.currencytrading.net/2007/50-factors-tha …
2) Nearly every proposed solution to the energy crisis is electrically based.
(copper is the […]
About a month ago the gas prices around here were about $4.05 to $4.10 a gallon, without doing extensive research on the subject - I think the price was around $4.07 or $4.08 at the station I use. Today the price of a gallon is about $3.65. That is a drop of […]
Yes, too bad our Congress and President couldn’t say no to this. The bailout for homeowners is really not that good. If you look at all the requirements it’s not likely too many people will be able to thread the needle making all the qualifications and wanting to go along with all the […]
From the end of the article:
“A good third of the regional banks won’t make it,” he predicted. In turn, these bailouts will add hundreds of billions of dollars to an already gargantuan federal debt, and someone, somewhere, is going to have to finance that debt, along with all the other debt accumulated by consumers and […]
Congress passed the housing law and Bush signed it. The Fannie and Freddie reforms are now law. GSE is just one section of five total sections of this massive legislation. If you wanna read or print some of the pages of the new housing law you can at this free […]
Note that this book is only 50 pages long, which makes it a great concise book on the subject of money.
Before reading this book, I had seen some “conspiracy” movies about the FED, and honestly none of them made me really understand the issues. These movies seemed fishy to me, and that’s probably because they […]
No, I’m not joking, for 3 reasons
1) Whether or not I use credit cards isn’t really going to affect the price. Yeah, I know you can say “if everyone would stop, it would lower costs”, but be realistic. Everyone is not going to stop. Most people are too irresponsible to be able to manage their […]
FTA: “Washington’s bloody fingerprints are all over the invasion of South Ossetia. Georgia President Mikhail Saakashvili would never dream of launching a massive military attack unless he got explicit orders from his bosses at 1600 Pennsylvania Ave. After all, Saakashvili owes his entire political career to American power-brokers and US intelligence agencies. If he […]