Archive for the 'Finance/Economy' Category

US GOVERNMENT FENCING IN THE US DOLLAR?

We have been promised a security fence to keep unwanted illegals from crossing our boarders and entering our country from Mexico. Right now it’s only a virtual one but we have been assured that a real one is on the way. Of course, that was yesterday’s news. Today, it seems organized crime is threatening U.S. security having penetrated international energy markets.

Attorney General Michael Mukasey sees a need to stop international… Keep reading | 1 Comment

Freddie Mac changes mortgage rules, no cash out refinancing.

As of August 1st, 2008 the new mortgage guidelines will limit the number of properties a borrower can own to four 1-4 unit mortgaged properties. This will include any owner occupied or second homes added to any newly mortgaged property one desires to purchase in the future. Freddie Mac will not count the number of mortgages on a property, first and second mortgages will be counted as one. Formerly investors… Keep reading

No Flour and Rice. Is Food Rationing ahead?

When was the last time you saw food rationing in the United States? According to The New York Sun “Major retailers in New York, in areas of New England, and on the West Coast are limiting purchases of flour, rise, and cooking oil as demand outstrips supply.”
http://www2.nysun.com/article/74994
What about your area? Is flour and rice still available? Is food rationing ahead? Will you purchase extra this week?… Keep reading | 1 Comment

Former US Comptroller says Wake up America: US Government Spending Immoral Will Lead to Bankruptcy

The Former Comptroller General of the United States proclaims that our current standard of living is unsustainable unless drastic action is taken. He warns that funding shortfalls for the Medicare program is five times worse than Social Security, and it will take $8 TRILLION to pay for what is promised today to beneficiaries, of which we have ZERO!

This unrealistic “promise” is fiscally irresponsible and is mortgaging the futures of our… Keep reading | 1 Comment

What’s the Best Way to End Poverty?

Roughly 12% of Americans live in poverty today and are unable to consistently pay for basic needs. That’s according to federal guidelines established in the 1960’s that have not factored in the increasing costs of housing, healthcare, utilities or transportation in the last four decades. The number of people under the real poverty line in the U.S. could be two to three times higher. Non-profit organizations and… Keep reading | 2 Comments

Mortgage Principal Reductions: Is the Titanic Sinking? by Jonas Clark

Bankers are in panic mode. Financial ships are sinking with all hands on deck trying to plug the massive cracks before it’s too late. I wanted you to read the latest proposal on mortgage principal reductions made to the US House of Representatives because of upside down mortgages. It reads: 

Stressed Out Over Taxes?

Tax Time is upon us once again. Millions of Americans are hustling and bustling to make the dreaded deadline of April 15. But is the work that we do and the frenzied pace we live our lives worth the mental, emotional and spiritual exhaustion?

Best-selling author Dr. John Trent says, “No!”

Dr. Trent offers nuggets of wisdom… Keep reading

Election Year Economics: Understanding Economic Cycles in a year of Recession

Our currency says, “In God We Trust,” but do we really trust God as the Master Economist of the universe? Discover God’s strategy for your personal finances and the economy of the Nation. Understanding God’s economic cycles and seasons will prepare to you prosper in the midst of the world’s uncertainty.

How do you respond when… Keep reading

What Happens If Home Prices Fall 30 to 40%

Long history of Dutch house reveals that bubbles always burst

 

Emma Thomasson

Reuters

From boom to bust, the plot Sasbout bought for 4,600 guilders (2,100 euros) and which today might sell for several million euros on the… Keep reading | 2 Comments

Drowning in Debt? Let’s Hit it from Both Sides!

Americans are drowning in debt. The average American is carrying over $9000 in credit card debt. Many also plus upside down auto loans, ballooning mortgage payments, and college loans.

Is there a Middle Class Lifeboat amidst this sea of debt?

“Yes!” say financial experts/authors Paul and Sarah Edwards, who are conducting Talk Show interviews on this topic.

Paul… Keep reading | 1 Comment