Group items tagged

This interview should be must reading for every citizen of this world.  Doug Casey lays it out, explaining in the simplest of terms the problem of corrupt governments and banksters.  Put this RSS feed right next to Sir Charles' Priced In Gold" blog as essential to start your day with reading. excerpt: "Anyone with any sense should withdraw whatever cash they have in European banks, whether in euros or any other currency, immediately. Cyprus demonstrated that governments are quite willing and able to confiscate money sitting in a bank account in order to preserve the banking system. We live in Bizarro World. L: Why would it spread? Cyprus was said to be particularly vulnerable because of its strong Greek connections; Cypriot banks had bought of lot Greek debt. Would people in Luxembourg be as exposed? Doug: All banks are in effect creatures of the state at this point. They all own a lot of government bonds, which are considered the most secure form of capital. Of course, that's the opposite of the truth; all these governments are bankrupt as well. The Greek government is just more overtly bankrupt than most. Actually, we should take a minute here to discuss what a properly run banking system looks like. Historically, banks offered two types of accounts: demand deposits and time deposits. Demand deposits are what we call checking accounts today, but the original idea was that you'd pay your bank to store your money securely, and you had the right to "demand" your deposit back immediately, and to transfer funds via check. The idea of time deposits, which became savings accounts, was that the bank would pay you interest when you deposited your money with them for a specific period of time. That's why it's called a "time" deposit; you lent the bank your money for a given time, as did other depositors, and the banks would always know how much money they could lend out - at higher interest rates. Furthermore, loans made against time deposits were always short term

Incredible must read analysis. Take away: the world is going to go "medevil". It's the only way out of this mess. Since the zero hedge layout is so bad, i'm going to post as much of the article as Diigo will allow: Jim Kunstler's 2014 Forecast - Burning Down The House Submitted by Tyler Durden on 01/06/2014 19:36 -0500 Submitted by James H. Kunstler of Kunstler.com , Many of us in the Long Emergency crowd and like-minded brother-and-sisterhoods remain perplexed by the amazing stasis in our national life, despite the gathering tsunami of forces arrayed to rock our economy, our culture, and our politics. Nothing has yielded to these forces already in motion, so far. Nothing changes, nothing gives, yet. It's like being buried alive in Jell-O. It's embarrassing to appear so out-of-tune with the consensus, but we persevere like good soldiers in a just war. Paper and digital markets levitate, central banks pull out all the stops of their magical reality-tweaking machine to manipulate everything, accounting fraud pervades public and private enterprise, everything is mis-priced, all official statistics are lies of one kind or another, the regulating authorities sit on their hands, lost in raptures of online pornography (or dreams of future employment at Goldman Sachs), the news media sprinkles wishful-thinking propaganda about a mythical "recovery" and the "shale gas miracle" on a credulous public desperate to believe, the routine swindles of medicine get more cruel and blatant each month, a tiny cohort of financial vampire squids suck in all the nominal wealth of society, and everybody else is left whirling down the drain of posterity in a vortex of diminishing returns and scuttled expectations. Life in the USA is like living in a broken-down, cob-jobbed, vermin-infested house that needs to be gutted, disinfected, and rebuilt - with the hope that it might come out of the restoration process retaining the better qualities of our heritage.

Long term cash loans are wonderful short term financial alternative made available for the salaried class people in dire need of money which is arises suddenly in their life. So, when you are out of money and need some extra funds to resolve any emergency then you can go with these loans scheme.

You can borrow sufficient cash support with the help of long term repayment loans and enjoy a loan reimbursement period longer than other loans. If you are having low credit score then you credit score is not going to be harmful to your chances of borrowing money through these loans scheme.

Long Term Installment Loans are especially designed for low credit people who want direct money from lender to resolve their fiscal emergency without any lengthy procedure. Irrespective of good or low credit records, everyone can apply for this financial loan scheme via online mode from anywhere anytime and obtained money with simple and flexible terms and conditions.

Long term repayment loans are a collateral free and faxless monetary aid that is specially designed by the reputed lender. This is best and proper monetary solution for your mid month cash shortage problem. So apply online from anywhere anytime and get stress free approval with affordable repayment option.

3 year loans scheme is unsecured form of loan where any people can obtain fast cash support without collateral. We do not involve any kind of lengthy paperwork for your convenience, so with us you can easily get rid of your urgent expenses in hassle free manner. This financial deal is specially designed to fulfill urgent expenditures before next payday without leaving your home.

36 Month Loans arranges hassle free and quick cash support to the all needy applicants for numerous needs and that too easy repayment option. Apply fro these loans scheme via online medium and used money for any personal purpose.

Are salaried class people and looking for effortless monetary aid without disclosing your credit records? If yes, then you can avail long term loans that are one of the ideal options for getting hassle free funds from online lender through internet.

3 Year loans are suitable financial alternative for those people who have adverse credit score and need some urgent bucks from external sources. This is unsecured type of monetary aid so there is no need to fax unnecessary documents and to undergo credit verification against getting loan support.

Installment Repayment Loans are easily available online with affordable terms and conditions. This is simply arranging money to the low credit borrowers without any lengthy procedure. The loan amount deposited borrower's bank account within short time of application.

36 month loans are long term rapid monetary assistance which is arrange sufficient funds from online lender for needy people

As Congressional moron after Congressional moron goes on the usual Sunday talk show circuit and says we must stop home prices from falling, I wonder whether these people took basic math in high school. Are they capable of looking at a chart and understanding a long-term average? The median value of a U.S. home in 2000 was $119,600. It peaked at $221,900 in 2006. Historically, home prices have risen annually in line with CPI. If they had followed the long-term trend, they would have increased by 17% to $140,000. Instead, they skyrocketed by 86% due to Alan Greenspan's irrational lowering of interest rates to 1%, the criminal pushing of loans by lowlife mortgage brokers, the greed and hubris of investment bankers and the foolishness and stupidity of home buyers. It is now 2009 and the median value should be $150,000 based on historical precedent. The median value at the end of 2008 was $180,100. Therefore, home prices are still 20% overvalued. Long-term averages are created by periods of overvaluation followed by periods of undervaluation. Prices need to fall 20% and could fall 30%. Instead of allowing the housing market to correct to its fair value, President Obama and Barney Frank will attempt to "mitigate" foreclosures. Mr. Frank has big plans for your tax dollars, "We may need more than $50 billion for foreclosure [mitigation]". What this means is that you will be making your monthly mortgage payment and in addition you will be making a $100 payment per month for a deadbeat who bought more house than they could afford, is still watching a 52 inch HDTV, still eating in their perfect kitchens with granite countertops and stainless steel appliances. Barney thinks he can reverse the law of supply and demand by throwing your money at the problem. He will succeed in wasting billions of tax dollars and home prices will still fall 20% to 30%. Unsustainably high home prices can not be sustained. I would normally say that even a 3rd grader could understand this conce

Are you running short of cash in middle or end of the every month? Do you want to get some extra funds from external resources in the form of loans?

There are plenty of options available for someone who is stuck in debt trap.

With the help of 3 year loans anyone can obtain enough money support in collateral free manner against their low credit status. Lenders provide money with the range of $100 to $1000 without any upfront fees.

Taking care of the unexpected financial expenses is a tough task when you are already facing financial shortage.