Foreclosure Industry

Republican Scott Brown Wins Mass U.S. Senate Seat

admin — Wed, 20 Jan 2010 03:19:16 +0000

This is stunning news.

Republican Scott Brown wins Mass U.S. Senate seat held by the late Edward M. Kennedy.

I’ve warned Democrats for months that there would be a high price to pay for their handling of the health care legislation. Today Obama and his fellow Democrats were served with a wake up call of epic proportions. I have compared the coming GOP gains in 2010 to the 1994 revolution led my Newt Gingrich.

Things are getting very interesting.

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Global Gold Demand Up U.S. Dollar Down

admin — Mon, 30 Nov 2009 19:36:38 +0000

China the world’s largest gold producer is set to break records for both production and consumption of gold. China over took South Africa, in 2007, to become the World’s largest producer of gold.

“Gold demand may be more than 450 metric tons compared with 395.6 tons in 2008, and output may climb to 310 tons, compared with 282 tons a year earlier, Zhang Yongtao, deputy secretary- general of the association, said at a conference in Kunming yesterday.”
Source: Bloomberg News

Gold is now flirting with a $1,200 an ounce (11-26-09). The continued weak U.S. Dollar could push a $1,500 an ounce sooner than later.

“The inflation concern this year has boosted the Chinese consumer demand for things like property, autos and gold…” This demand for hard goods vs. U.S. Dollar will most likely push China past India as the number one consumer of gold.

Read the full Story here:
Also, 60 Minutes did a story on Gold production from Congo and its tie in with the bloody conflict in that region. Story and video here:

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Recession Will Be ‘Full-Blown Depression’: Strategist

admin — Fri, 16 Oct 2009 15:26:38 +0000

“This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street.”

“When it comes down to corporate America, corporate Europe or even in Asia, in Japan, we are not seeing Main Street making any money,” he said. “Consumers are losing their jobs. They are struggling with their mortgages, with their credit. And we are just seeing this continuing.”

The $5 trillion injection is “monetary expansion,” according to Harajchi. “At some point, which we believe to be 2010/11, some of the central banks are going to recall some of that money and that will turn from monetary expansion to monetary contraction.”

He also said he doesn’t see the corporates or the public “being able to pay back that debt.”

You can read the full article here

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DEBTORS REVOLT BEGINS NOW! YOUTUBE Video

admin — Thu, 17 Sep 2009 14:50:03 +0000

UPDATE: Video now has over 200,000 views on YouTube.

Bank of America increases the interest rate on credit card customer of a 14 years. This customer was not late, behind on payments or over her balance limit. Some of the language is not suitable for youngsters and work but the message is real and is represents the next wave of default.

No related posts.

Bernanke Gets the Nod – What Happened to Debating Issues?

admin — Thu, 27 Aug 2009 20:57:23 +0000

Yesterday I tweeted my disappointment with President Obama’s re-nomination of Ben Bernake as chairman of the fed. I am not sure why we are praising a man who did not see this entire meltdown coming and if he did see it, he did nothing until it was too late. Maybe Peter Schiff is right, it’s better to stick with devil you know versus the devil you don’t. Only time will tell.

Anyway, after tweeting about this issues, I lost over 250 followers. Honestly, I could care less about the followers. What bothered me is the lack of discourse about America’s future. Whether we are discussing health care, the economy, or education, we’ve stopped talking to each other in a civil way. This is not a liberal or conservative issue and it should not be framed as a Democrat or Republican debate. This is about the future of America. If you live in this country you have skin in the game. It’s time to stop the “divide and conquer” politics that rips at the core of a intelligent national debate. It’s time to realize we have more in common than not.

For all those who left yesterday, I have news for you, President Obama will make mistakes in his Presidency, just like every other President before him. This does not make him a bad person or a bad leader. It makes him human. It is our duty as citizens of this country to speak out when we disagree with our elected leaders. This freedom is what makes our country so great and powerful.

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Bernanke Economy Near Recovery – Idiot

admin — Sat, 22 Aug 2009 01:46:35 +0000

Hat tip to visionvictory. Thanks for making this video.

If you care about your country and not a sound bite please watch this video. Look at the numbers and not what the talking heads are telling you.

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BILL MOYERS – Wendell Potter – Health Reform Advocate Interview

admin — Mon, 17 Aug 2009 19:03:05 +0000

Meet Wendell Potter. Bill Moyers interviews former health insurance industry executive Wendell Potter, who left the field after almost 20 years to become a health reform advocate.

Check out Potters story and his personal experiences inside the health insurance industry, their work fighting a public option, and the insurance companies close ties to Washington. The entire interview will be available after broadcast at www.pbs.org/moyers.

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O’Donnell is the Worst TV Talk Show Host

admin — Sat, 15 Aug 2009 23:26:15 +0000

Congressman Culberson is dead on with his comment on MSNBC’s poor ratings. O’Donnell is pathetic, see for yourself.

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Jerry Brown is Clearly Focused on his 2010 Run at Governor

admin — Wed, 12 Aug 2009 18:28:17 +0000

California Puts Foreclosure Consultants On Notice: Attorney general threatens to prosecute 386 unregistered consultants
My response to this article.
Its clear Jerry Brown is focused on his 2010 run at Governor. When dealing with housing issues his office is almost 100% focused on the “evil Loan mod” companies and foreclosure consultants that are preying on desperate residents of CA. Yes, there are a lot of scam shops out there, and they should be prosecuted to full extent of the law. What they do to desperate homeowners is despicable, but what about the banks who made these bad loans in the first place? Do they get a pass? If we want real justice now and in the future we need to go to the source. Putting a band-aid on a gunshot wound is hardly a cure.

Mr. Brown it would be nice if you focused on the real issues facing struggling homeowners and less on sound bites and photo opps. The people of California deserve better.

Republican Scott Brown Wins Mass U.S. Senate Seat This is stunning news. Republican Scott Brown wins Mass U.S....

Panic at the Fed: Audit Will Show What They’re Hiding

admin — Sun, 02 Aug 2009 00:14:52 +0000

In this speech to Congress, Ron Paul refutes Ben Bernanke’s interpretation of HR 1207, the bill to audit the Federal Reserve.

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