The Coming Great Depression
Martin Armstrong: The Coming Great Depression It is frustrating to read so many comparisons of our current situation with 1929 while watching ... may signal a recession, but the collapse in debt signals a Depression. This Depression was set ... and shifted spending that created jobs into the banks as interest on things like credit cards [more...]
Date: 2009-01-08 03:55:35
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The CIA Warned Condi
AP Study Finds $1.6B Went to Bailed-Out Bank Execsby Frank Bass and Rita Beamish - AP / Common DreamsBanks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.Lloyd C. Blankfein, CEO of Goldman Sachs [more...]
Date: 2008-12-22 13:13:00
Bailout Bedlam: Robbing the Taxpayers to Save the Banks by Dr. Ellen Brown
by Dr. Ellen Hodgson Brown featured writerDandelion SaladEllen’s post Oct 2, 2008webofdebt.com “Doesn’t this seem like lunacy to you? ... and has already climbed to $800 billion after the pork was added in. That’s nearly the cost of two Iraq wars ... are all taxed up and don’t have $800 billion to spare. The money will no doubt come from an issue [more...]
Date: 2008-10-04 00:06:22
Battle of the Titans
For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... as they BELIEVE they have the ability to print money and create credit out of thin air endlessly. In reality ... to print wealth through monetary and asset inflation for decades. The first law the G7 is [more...]
Date: 2009-01-15 00:00:37
Is Pent-Up Inflation From Fed Printing Waiting On Deck?
Inquiring minds are wondering about the possibility of "pent-up" inflation from the massive expansion money supply by the Fed. Our search for the truth starts with the question "Which Comes First: The Printing or The Lending?" This is a critical question given the massive expansion of base money by the Fed as shown in the following chart. Base Money Supply Since the beginning of the recession, the Fed has expanded base money supply from $800 billion to $1.7 trillion. [more...]
Date: 2009-09-21 06:22:00
The Story of an Idiot and his Idiot Wife (Part 2)
This is the second installation of what NOT to do. For some background, read yesterday's post.NotesI also read the comments, and Meg you are so sweet to give everyone the benefit of the doubt but in this case, no. I'm afraid not.She was perfectly healthy, no problems, and they CLAIM that it was some magical Chinese doctor that gave them "herbs" ( [more...]
Date: 2009-01-04 10:00:00
Add Your Comment:
« PreviousSmokey The Bear: Racial Profiler, Beer Snob or Innocent Bystander? Next »What Obama Will Say Tonight Best Seats in the House Posted by Karen TumultyWednesday, September 9, 2009 at 5:33 pm 14 Comments • Trackback (0) • Related Topics:michelle obama, joint session, obama speech, vicki kennedy The White House has just put out a list of who will be sitting in the best seats in the House (Chamber) tonight. [more...]
Date: 2009-09-09 21:33:59
Pensioners hit by spiralling credit card debts forced to take out loans as energy prices soar
One in four people is approaching retirement with thousands of pounds worth of debt because they cannot meet the rising cost of living ... for debt charity the Consumer Credit Counselling Service (CCCS) said the research tallied with its own ... to pay their bills. The average credit card debt for the age group is now just over £8,000, according [more...]
Date: 2008-11-23 00:05:36
Thanksgiving surprise: $800 billion more for the credit markets
The $800 billion in new outlays announced today by the federal government to unlock the credit markets might have come as a shock if you remembered ... of the credit crisis. By buying Fannie and Freddie debt, the Fed believes the yields will go down, taking ... Asset Relief Program, or TARP. And that’s still the case, because the $800 billion — which is [more...]
Date: 2008-11-26 00:40:21
Emergency Fund: Start It NOW
an-empty-pocket.JPG Photo credit: stuartpilbrow Is it OK to spend money on luxuries during the recession? HeatherB of BlogHer does ... a recession even if you think your job is “safe”, does not mean losing your home, racking credit card debt, or tapping into your retirement account. Once you get on the credit-card-debt path, it’ [more...]
Date: 2009-01-08 02:10:30
21 Ways To Save Some Cash By Letting Your Fingers Do The Walking
The twin mantras of a great personal finance strategy is to make extra money and spend less than you earn ... your credit card company. If you’re maintaining a balance (and hopefully working to become debt free), call your credit card company and ask for a lower interest rate. The national average is around [more...]
Date: 2009-01-07 06:01:46
Bad Credit Repair Industry in the Recession
Bad Credit Repair Industry in the Recession by Simon LawIt isn’t hard to see that the state of the economy is a bit worst for ware than it was just a few years ago. The number of people retrenched increased by 2 million just this year. Estimates have it that another 4 million people will lose their jobs before the economy takes a meaningful turn upwards. [more...]
Date: 2009-09-05 19:51:21
"The $10 Trillion Hangover"...
You gotta read this...(Apologies and thanks to Harper's, etc.)The $10 Trillion Hangover: Paying the Price for Eight Years of BushBy Linda J ... , trade deficits, and debt have reached record levels. Unemployment and inflation ... , 5 million more Americans have no health insurance. Consumer debt has almost doubled, and nearly [more...]
Date: 2009-01-11 13:21:00
Dear American Express….You Suck
Art by: Ron English We received our American Express statement in the mail today. AMEX has a cool rewards program ... on a payment in the 7 year history of the account. We have no credit card debt and our credit scores ... the account so I can pay the card off and toss it in the safe. Please keep an eye on your credit card [more...]
Date: 2009-01-13 01:49:11
Reader Pays Off $14,330 In 20 Months With Our Tips [Debt]
Stuck in a $14,300 debt hole, reader Trixare4kids was able to dig herself out using tips she learned about on Consumerist.com ... it all in 20 months. She writes: "This morning I made my very last payment on $14,300 in credit card debt ... credit card company and tried to negotiate for a lower rate. I was successful with a lot of them. In once [more...]
Date: 2008-10-06 20:35:27
Mindful of the Miracles
On Tuesdays, I pay bills. This week, I paid all the bills. I can't remember the last time I was able to do that —just write the checks, matter-of-factly, in order of due date, without having to shuffle anything to the back of the pile or dial an 800 number to ask for more time. It seemed like a miracle. It is a miracle [more...]
Date: 2009-01-15 17:50:33
Hullabaloo (2009-09-09 16:00)
Who Cares What They Think? by digby FOR IMMEDIATE RELEASE September 9, 2009 Below is a list of Americans who will be seated in the First Lady’s box during the President’s remarks. Some of these guests are featured in web videos on the WhiteHouse.gov blog: http://www.whitehouse.gov/blog/The-Speech-Tonight/ . Guest List for the First Lady’s Box 2009 Joint Session of Congress September 9, 2009 Mrs. Michelle Obama Dr. [more...]
Date: 2009-09-09 23:00:00
Beneficial Finance - Mortgage Review
Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans, and debt consolidation mortgages. You can’t expect much better being a subsidiary of HSBC Mortgage [more...]
Date: 2009-01-14 22:05:31
Three Easy Steps For Climbing Out Of Debt
Yesterday I read a weeks worth of all the blogs I follow and one spoke about debt, specifically credit card debt. Some people rack up tens of thousands of dollars worth of credit card debt which to me seems ... dodged the credit card trap may still have mortgages, student loans car payments, etc. While debt [more...]
Date: 2008-12-29 02:54:00
Does The Economy Make You Want To Pay Off Debt Or Build Up Savings?
Editor’s note: I set this post to publish yesterday and made the classic “New Year” mistake of setting the date to 2008! ... , and then systematically started debt-killing. First the credit card, then one student loan, then the car loan. Now, we’re left with a $10000+ student loan, and a minimum payment of $145 versus [more...]
Date: 2009-01-09 15:08:06
Higher Wages or Bubblenomics: What’s it gonna be?
Courtesy Mike Whitney December 22, 2008 “Information Clearinghouse” — - -Wages, wages, wages. It all gets down to wages. A strong economy must be built on a solid foundation of steadily rising wages. If wages don’t keep pace with production, the only way the economy can grow is through the expansion of debt, which [more...]
Date: 2008-12-31 21:46:04
Headline News - August 31, 2009
BusinessWeek: Diebold's Mobile Banking Plans for the U.S. Reuters: Visa to prepay $682 mln to settle $800 mln debt Celent Banking Blog: Businesses Require Better Protection Online Reuters: Here, There and Everywhere...More Banks Promote Mobile Banking Portals and Rails (FRB Atlanta): Will micropayments thrive in social networks? CBS News: A "PayPal Killer" On The Way? [more...]
Date: 2009-08-31 12:48:11
"Failing the Moral Test, While Feeding the Pigs"
"Failing the Moral Test, While Feeding the Pigs" "The moral test of government is how that government treats those who are in the dawn of life, the children; those who are in the twilight of life, the elderly; and those who are in the shadows of life - the sick, the needy and the handicapped." - Hubert H. Humphrey "Senior citizens are among the worst hit by the economic downturn, as Grant Schulte and Jason Pulliam write in an article for the Des Moines Register. [more...]
Date: 2009-09-24 15:03:00
How People Cut Out Debt
If you’re one of the thousands that are in debt today, you probably often hear of others getting out of debt and loving it. How did they do it? ... out debt and have learned your lessons with credit cards, then you may want to go back to them ... Did they just sit back and let the debt fairy do all the work or did they actually implement [more...]
Date: 2008-12-28 18:15:59
“Oops, We Meant $7 TRILLION!” by Ellen Brown
November 30, 2008 — dandelionsalad by Dr. Ellen Hodgson Brown featured writerDandelion SaladEllen’s post Nov 30, 2008webofdebt ... to pay how? Congress has not raised its debt ceiling to anywhere near that level; but the approval ... what the public’s tolerance is for unrepayable debt. The new sum – $7.76 trillion – represents $25,000 [more...]
Date: 2008-12-01 02:28:08
The Tightening
Last week, we had a "belt tightening" meeting at work ... , training cuts, and possible elimination of employee recognition events were all mentioned ... as well. Paying off credit card debt, saving more from each paycheck, putting off planned purchases [more...]
Date: 2009-01-10 01:17:17
Gerald Celente’s 09 Forecast
While New Paradigm Digest celebrates the emerging paradigm and the one we see becoming mainstream over time, it is our desire to keep readers alert to what may happen in between now and then so they may consider protecting themselves financially from the possible effects of what lies ahead [more...]
Date: 2009-01-07 00:40:58
Federal Reserve, Treasury Announce $800 Billion Plan to Support Consumer Lending
Let's see, Bloomberg said yesterday that the Federal government had committed $7.4 trillion to lending facilities and guarantees ... loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA ... (TALF), a facility that will help market participants meet the credit needs of households and small [more...]
Date: 2008-11-25 15:09:54
Does Obama’s Plan Have Game?
As joblessness mounts and the economy continues its downward slide, ... more government dollars at the problem. Republicans, for their part, want bigger and broader tax cuts ... . And what if the corporate sponsor gets nailed for cooking the books or backdating options? Not a problem [more...]
Date: 2009-01-13 23:12:22
8 Tips for Talking About Money With Your Significant Other
About the author: Margaret is a recent college grad who writes at love God, not money about how she and her boyfriend are saving up money to get married, pay off student loan debt and head to seminary. Money is one of those things you’re not supposed to mention in polite [more...]
Date: 2008-11-25 18:00:44
Economic Potpourri December 20, 2008
The barrage of noteworthy economic news continues unabated. Here are a few headline news reports of interest from the past couple days.Legg Mason to Add Miller to All Cap Fund Manager TeamBill Miller, the Legg Mason Inc. money manager whose two funds have each lost more than half their value this year, [more...]
Date: 2008-12-21 01:05:00
Repairing Damaged Credit Scores: How to Raise Your Score 120 Points
A bad credit score can affect so many different areas of a person’s life, and makes life far more difficult than if you had a good credit score ... who haven’t this is critical. Don’t overpay all your credit card bills $20 a month ... . A bad credit score can lock you out of the best loans, best credit cards, best apartments, houses [more...]
Date: 2009-01-11 22:24:09
FreeCreditReports360 US
Ratings For This Site Rating: ★★★★★ About This Site What is a Credit Score? ... that measure many variables in your credit report such as payment history, public records, and debt ... out your creditworthiness before you: * Apply for a loan * Buy a car * Apply for a credit card * Apply [more...]
Date: 2009-01-07 02:28:54
Credit Card Debt: A Broader Societal Problem
The question of where the credit card debt crisis came from may finally have a clear-and uncomfortably unavoidable-answer ... to give gifts to their friends and loved ones. Current estimates place the national credit card debt ... alike was whether the problem stemmed from the aggressive and liberal activities of credit card [more...]
Date: 2009-01-03 16:12:13
DrumBeat: October 18, 2008
Credit Woes Hit Oil Supply Chain, Push Prices Down LONDON (Dow Jones) ... pressure as the scarcity of credit squeezes the supply chain that has long provided support for them ... from weakening consumption, itself driven by the credit crunch. But the link between the two may be more direct [more...]
Date: 2008-10-18 14:19:58
How To Eliminate Rising Credit Card Interest Rates
By Jim Vrana Interest rates for credit cards keep rising, even after most all other interest rates are falling. These high interest rates, and the debt that causes them, can be eliminated altogether. Beginning until July 2010, new credit card regulations become effective which are designed to protect [more...]
Date: 2009-01-02 02:02:32
Why Credit Cards Matter So Much
Why Credit Cards Matter So Much Sharon December 2nd, 2008 Yesterday put the nail in the coffin of a move from recession (small “r”) ... - in part because they don’t have the cash. Credit card balances have risen enormously in the last few ... the total amount of credit card loans outstanding has risen more in the last 10 weeks than it did [more...]
Date: 2008-12-02 19:29:36
Choosing Between Debt Settlement And Debt Elimination
By Jim Vrana For people with too much credit card debt, choosing a debt relief program can be a confusing and stressful experience ... credit card debt. It is a very common problem for many American consumers. So many people pay ... are just extensions of the credit card companies themselves. A reputable Debt Settlement company [more...]
Date: 2008-12-20 01:02:33
Clip Job: Sing a Song, Sing It Loud...
Clip Job: Sing a Song, Sing It Loud... by Tony Ortega (6:00AM 11/28) Blogsgiving: How the Locals Gave Thanks by Roy Edroso (9:56PM 11/27) ... bailout plan to "help" consumers by luring them even deeper into debt in hopes that their overall debt ... , Paulson plans for the government to soak up a lot of bad consumer debt. But his emphasis so far [more...]
Date: 2008-11-28 15:41:38
Student credit card:Is it a need?
Credit card is really a necessity in modern world. Without carrying so much cash, you can just buy using the credit card ... card can be used the same way as a traditional credit card, although they do come with certain ... and credit cards issuer require co-signer for student credit card application to avoid the risk [more...]
Date: 2009-01-12 00:47:16
Ctrl BG: A Shortcut to Financial News 11/29
Hope everyone is having a great Thanksgiving weekend and got some great bargains yesterday! ... facility to support consumer finance, including student, auto, and credit card loans and loans backed ... consumers get home, car and credit card loans easier. I haven't figured out all the implications [more...]
Date: 2008-11-29 14:40:00
Is Debt Necessary For Generating Income?
“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan ... that she and her husband are carrying about $25,000 in debt, with a monthly interest total of about $800 on that debt. That didn’t pass the smell test to me - $800 a month in interest comes out to $9,600 [more...]
Date: 2008-11-26 20:00:49
Financial Education is Raising Every Company’s Bottom Line
Financial Education is Raising Every Company’s Bottom Line Posted By Ada Denis on @ 9: ... that the nation’s credit card debt stands at over $ 800 billion dollars. We are also slated to reach ... that if they closed their credit card, it will foster an unbelievable positive affect on their score [more...]
Date: 2008-12-19 21:12:44
Fiscal Therapy
Getting the economy back on its feet, giving taxpayers a break, saving your retirement fund and your kid's college tuition? Done ... . Today, more and more of us do not have enough money to live on without going into debt. For each dollar [more...]
Date: 2009-01-12 09:26:00
Can we afford it?
I love that segment of the Suze Orman show. I was watching it last night and it was fantastic ... it is to justify a credit card bill because that is just “spending ... , $800 Savings, $1100 Retirement. He is only 18 years old. He wants to buy the Moped so he can save [more...]
Date: 2008-10-12 13:00:40
Government To Commit Another $600 Billion On Mortgages, Another $200 Billion on TALF
Not content with previous Bailout Pledges of $7.7 Trillion the Fed Commits $800 Billion More to Unfreeze Lending ... businesses, committing up to $800 billion.The central bank will purchase as much as $600 billion in debt ... are beginning to take a large amount of credit risk.”The Fed will purchase up to $100 billion in direct debt [more...]
Date: 2008-11-25 16:55:00
Will the Federal Government Provide Bankruptcy Financing?
One topic we've mentioned from time to time is the near disappearance of the debtor in possession financing market and why that is a more serious ... to other debt, to pay all those bills during the Chapter 11 process. No DIP, no Chapter 11 for a lot [more...]
Date: 2008-11-25 06:35:10
10 Aggressive Tactics to Turn the Tables on Credit Card Companies
This is a guest post from Katrina Ramser, a freelance writer who contributes to various websites, newspapers and magazines ... to turn the tables on credit card companies. #1: Understand when and where the credit card debt cycle ... , their credit average revolving card debt becomes $4,088. Only 29 percent of this age group [more...]
Date: 2008-09-30 12:00:38
Funding the Bailouts by Printing Money and Issuing Debt
Ever wonder how the Government is able to fund all the bailout and rescue efforts, including President Obama's proposed $800 billion stimulus package? Especially given the fact that the US is the biggest debtor nation with over 10 trillion dollars in national debt! The answer [more...]
Date: 2009-01-08 04:02:25
Higher Wages or Bubblenomics
What’s it gonna be? Wages, wages, wages. It all gets down to wages. A strong economy must be built on a solid foundation of steadily rising wages. If wages don’t keep pace with production, the only way the economy can grow is through the expansion of debt, which [more...]
Date: 2008-12-24 12:24:02
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