The hidden news: Business

Showing posts with label Business. Show all posts

Monday, April 11, 2011

Stock Market Will Tumble!

DJIA (19 July 1987 through 19 January 1988).

Image via Wikipedia      Those who know the market, know that it will tank within a month or so. The increase in the cost of gas will force Americans into bankruptcy in unprecedented numbers. Working Americans have already begun to see negative balances in their budgets, but the price of gas is, without a doubt, going to rise to five dollars a gallon. The oil companies are determined to hit this bench mark and hold gasoline at that price.
      Five dollar a gallon gasoline will result in the liquidation of retirement accounts, so that Americans can maintain their current standard of living. The price of houses will drop sharply again, when already cash strapped home owners can no longer afford to stay in their homes.
     The sell off of homes and stock will result in a stock market crash that will make the crash in the twenties look like a slight dip. This will result from millions of shares going up for sale at the same time and over a prolonged period of time. The number of shares for sale will be greater than the demand for stocks and prices will plummet. The value of companies will not be able to hold the price of their stock to more than ten percent of it's value or less. The market may stabilize shortly as companies buy back their own stock, but this will be short lived. The hand writing is on the wall.
     2012 may not be the end of the actual world, but it will be the end of the financial world in America. Politicians will not prevent this crash because they know that the value of the dollar must be lowered, so that the U.S. can pay down the national debt. It is imperative that the debt be payed down so that the country can get out from under the enormous debt it has. Only massive rates of inflation will make it possible for the nation to do this. The price of gold, copper, silver, and platinum will rise, but the price of oil and homes will actually fall because it will be to expensive for average Americans. This economic Tsunami will send stocks crashing around the world and countries that depend on American business or that hold American debt will be hit especially hard. Countries such as South Korea, Japan, and China, will feel the crunch especially hard when the demand for the products that they export dries up. Europe will be wracked by financial ruin as tourism evaporates.
     I predicted the recession that we entered in 2010 and I am warning you that this will dwarf it. It may be the worst economic crisis since countries began keeping economic statistics.

Sunday, June 6, 2010

Buying Smart

Image via Wikipedia

Ok folks. This is the download on buying things. Look at the labels and find the one made in America. Now that you have searched every store in the country, you know it's almost impossible. If it is made in America ask where the parts came from. That should make it nearly impossible.
Here is what I have found. One shirt made in China is not worth any more than another shirt made in China no matter who's name is on it. They pump them out and ship them here for about a dollar a piece. Why would you pay $30 to 70 of your hard earned dollar for a shirt that is worth 1.50. I have bought brand name polos for as low as 1.90 on the unnamed auction site. They still have the tags on them and have never been out of the bags they came in. Yes most were sealed.
People think I am spending 100's of dollars on clothes. Nice clothes. They call me sir and run all around themselves to help me. If you get that kind of service and spent 100's of dollars you are a sucker. P.T. Barnum said there is a sucker born evrey minute. Are you one?
People, for a hundred thousand dollars here, you can get a nice house. Why have you spent that in 10 years on cars. If you can arrord to buy a car 3 cars in ten years, why aren't you buying your house that way. If it's as a tax right off you are as dumb as a door nail. Writing off the interest means you handed money to someone (usually a bank) a lot of money you didn't need to pay. Generously the government gave you part of that back. You would get just as much back on a 10 or 15 year mortgage each year (percent-wise). Maybe you didn't know that banks offer 15 year mortgages. Now you know. This is not a trick ask your accountant. If you do your own taxes do your homework. The only time you are getting more money by claiming something is if it is a direct write off or a credit. Guess what you spent money there too. Surprise. Bet Susie didn't tell you that for free.
Anything you can buy, I can get for less. It takes patience and and a desire to shop around. Everyone knows your texting half the day, so use that smart phone to save enough to pay the bill. Not texting, ok ditch the social networking site and get busy looking. Yes, your boss knows your chatting, because all the information gets sent to I.T. They probably know about your girlfriend too and maybe more than they care to know. Getting any funny looks?
This is a depression. Just because your finacial advisor is yelling buy, buy, buy, doesn't mean it's all good. The only way they make money is for you to buy or sell duh. And buy the way; how did you think that money got into those mutual funds and hedge funds. Oh My God Yes you gave it to them to invest. One more thing, if you ask for it back they don't have a job. Think hard now.
Ok, back to buying.
Nothing is as much as you are paying for it. Nothing. The jobs are not coming back. Paying too much is going to use money that you are going to need when it when you have to pay for the unemployed. Yes, money the government gives unemployed people comes from you. If you buy things the government gets money too. The people you bought from pay income tax.
Nobody's name is worth money. Quality is worth money. Every time a new name comes out, people throw money at it, especially if it is for, or about a sport. Big name companies always start with great quality. After a while many of them are not as attentive about it or you find the price suddenly going through the roof. Selling is all about getting people hooked , making it a habit, and getting payed. They don't pay ad agencies and athletes millions of dollars out of friendship. I have had friends I wouldn't want to have my money, don't you?
You have to start shopping smarter. The only people who are not doing that are the people who are about to find out things are bad. No company has a monopoly on quality. If you think they do, start remembering all the recalls. Better yet type in recalls and start reading the names of the companies. The obvious retort to that is I don't use that or I don't care. Neither do the companies. They hire accountants to determine how much they will make if they make something that might fail or injure you. Oh by the way, that estimate takes in to account the amount they "might" pay if it does. That is called making a profit.
Finally, think about your job. Do you take short cuts. Guess what; those people making what you bought probably did too.
Buy smart people. Made in China means low quality trash. Don't pay big bucks for products that cost less than 50 to make. That goes for the Chinese parts in your $50,000 dollar car. A car that cost fifty thousand dollars should last as long as The Empire State Building and believe me they can and did make some like that.

Tuesday, May 25, 2010

$70 A Barrel

Image via Wikipedia

Oil pours out of the well in the "Gulf" by the barrel. It continues to destroy the envirement, but there is something else that hits me. We are paying $3.00 a gallon for gas and we keep hearing that there is an oil shortage, but thousand of barrels of oil a day are pouring from one well. If one well can produce this much oil,; Are we all being taken? If this was so precious a recource; why isn't this a national security issue?
I have long believed that we are being lied to about the amount of oil that is being produced in the world. This just brings me to a firmer belief that oil is abundant. I think that oil prices are being used to keep the U.S. economy stable. So, much tax money and other revenue comes from oil that the government has a desire to see oil prices continue to rise. Oil is a money maker for every level of government in this country and around the world. I think that the U.S. encourages oil prices to rise in order to offset the deficit.
Get ready for $4.00 a gallon gas again. BP and the companies involved in this tragic disaster are going to recoup their losses and your pocket is the place they are going to go. Since the 1970's The federal government has allowed energy cost to rise across the country. They are in bed with the energy companies and the anger we see fron Congress is designed to divert our attention away from their policies. Policies that are robbing us blind every time we drive our car or use energy to heat or light our abodes. Americans have become sissys. We can't stand up to our own government. The party in office is only a symptom of the problem. The problem is the carreer level government employees that run the day to day activities of the government.
At $70 dollars a barrel that is a hell of a lot of money floating around "The Gulf". Coincidently there is a hell of a lot of silence in Washinton about it. The government put the economy of our country into the hands of the oil companies and turned their backs. Now a few people in a government agency are getting fingers pointed at them. The bottom line is that the government sent the message to those people not to make waves in the oil companies tubs. They did what was expected of them. Now that the picture is becoming clear surrounding the government's policy a lot of people want to keep us distracted with picturesof oil floating around.
Finally, I would like to send my sincere sympothy for the families of the oil workers who were killed in this tradjedy. They have been lost in the story. Funny how the casualties seem to be forgotten. It is a disturbing pattern in the energy industry. From coal to oil and beyond.

Monday, April 26, 2010

Congress Vs. Wall St; It's all bark

Image by capnsponge via Flickr

Wall St has been the motivation for the trashing of America's businesses for decades. Companies might have stayed in America had it not been for the greed of Wall St. Wall St. demanded higher and higher profits from companies until those companies had to move out of the states to slake The Wall's thirst. In the process millions of jobs left The United States: never to return. In the backrooms on Wall St. banks made money by betting against the deals they were backing, then twisting the arms of corporate America to produce unrealistic results. When corporations failed to deliver, they made money off the secret bets they had made, and forced them to gut their companies to show the expected profit.
More importantly, the banks refused to pay fair interest rates to account holders and bled them dry. They pushed people into the stock market in this manner, then made huge profits off the fees they charged them. The government has given Wall St. and all the banks a free pass, allowing them to charge unlimited interest rates. What would have been loan sharking is now called standard operating procedure.
Congress is about to make a big deal about Goldman Sacks, but the truth is that Congress gave them the ability to broker deals like the ones Sacks did legally. When it came time to run for reelection, Congressmen and Senators quietly payed visits to Wall St. to collect the campaign donations they had earned by giving banks permission to stick it to Main St.
You might think that it was just eastern Senator and Congressmen that benefited this way, but, in truth, there isn't a federal legislator that isn't getting payed by them. Republicans especially have given banks a free pass to run a muck through middle class America. You may think that keeping government out of businesses way is a great thing, the problem is that the only businesses the Republicans care about are the ones that can pay for their reelection. During the Bush Administration, a republican president and a republican Senate handed money to corporations who left the country. At the same time small factories and manufacturers suddenly saw their business evaporate. The Chinese sucked their profits away. In the mean time the big banks were brokering the transfers of huge amounts of cash bound for foreign banks. The system is rotten to it's very core and even The Federal Government lacks the legal authority to look at the books of these banks.
Their will, indubitably be a huge deal made by congress in the hearing tomorrow, but you can bet that the same Congressmen will get huge campaign contributions to give Goldman Sacks and the other big banks a pass. Other than the show you see on the TV news, nothing is going to change. Deals will be made to leave huge loopholes for banks to drive their armoured trucks through, and sustain the banks legal ability to suck your hard earned dollars in with more fees and hirer interest rates. Make no mistake, these banks are not American banks. They are simply based here to take advantage of the legal loopholes they receive for being based here. In reality they have no ties to this country. They exist to enrich themselves by amassing huge fortunes in every country they have a presence in. The multinational banks dictate the politics of the free world and are above the laws of any country.
No real laws will be passed in this country or any other to truly change the way Wall St. Banks do business. They have simply become to powerful to succumb to any regulation. The fact is that they hold, so much of America's assets that they can simply threaten to walk away and the government will bend over backwards to keep them.
What you will see tomorrow is simply a show designed to gain Senators and Congressmen your votes. We have seen enough of these Congressional dog and pony shows to know that they are all shams. This one will be even more of a joke than those of steroids in sports. I don't recall any of the companies that produce steroids even being invited to testify. Do You?
The Federal legislature is the joke of the world now. Drug cartels and organized crime do businesses like fast food restaurants here. Corporations simply ignore them and it is time we did too.

Saturday, January 9, 2010

Financial Advise, Snake Oil

Image by Getty Images via Daylife

I am going to set the record straight. Anyone who makes money off your money shouldn't be trusted. Debt is bad. I know that sometimes people have to borrow money. Would you lend money to someone who owed as much as you owe? Tell the truth. Sure you pay your bills. The question is will the person you are lending to pay. If a stranger walked up to you and asked to borrow a thousand dollars, What would you say? This is point one. A credit score is meaningless to people who don't need to borrow money. If you payed off your bills and payed cash, you wouldn't give a damn about your credit score. A credit score is a way to hold you hostage financially. It goes up and down based on what whim over takes the financial institutions, whether you pay your bills or not. Borrow money and it can go up or down. Why, because somone you didn't give permission makes a judgement about you. Pay off your credit cards and close them and it goes down. Does that make sense? if you don't owe any money, you should be a great credit risk.
Here's the real deal. The credit score companies and the banks are working together to put you in debt and keep you in debt forever. Anyone who tells you to borrow money when you don't need to is making money off you in some way. Of course the credit score companies want you to borrow money. If you didn't they would be out of a job. They are conning you. Or more to the point blackmailing you into borrowing money. Money that you will pay in interest. Who pays the credit score companies? Anyone who is lending you money, that's who. This is why the credit score companies want you to borrow. They are making millions from constantly being asked for peoples credit scores and credit histories. They have no interest in you if you pay cash. They don't make a dime if you save up and buy things. Who pays for the people you are borrowing from to check your credit scores? You do. Do you think that the fees and interest rates they charge you are pointless. Far from it.
Now, lets look at your bank accounts. Do you get any interest from them. Add up the fees and subtract that from your interest and see what you lost. Banks are using your money and making tons of money by using your money for free. Keeping money in a bank account costs you money. People are stealing from you left and right and you are allowing it.
What should you do? First, take your money out of the bank if you are paying fees. Join a credit union where they actually pay interest. Put any money you don't need for bills in the credit union and get a debit card from them. Pay with your debit card. Don't use atm's. They are black holes that suck a hundred dollars right out of your pocket faster than a mugger could work you over. Take out a loan at your credit union and pay off your credit cards if possible? Shred all of them but one. Keep the one with the lowest interest for a real emergency. An emergency is life and death. An emergency is not the cute purse, shoes or movie that you can't do without.
Finally, don't believe anyone who gives you advice about money unless you have reseached it and they have money in it too. Then make sure they are not Bernie Madoff.
Finally if it sounds to good to be true it is. All cons play on your greed. You are a sucker if you bite. The second you hand over your money it is gone. You might as well have had it in the mattress and burned your house down your self. No One wants to make you money unless they are getting something out of it. Drive past your finacial advisors house and see where you pay for him to live. When someone manages your money, they are making money off your money. If you lose your money will they lose all theirs. If not you can't trust them? Anyone who says borrow money should be immediately banished from your life. Take absolute control of your money. Find all the things that you are getting charged for needlessly and cut them out. Food, shelter, heat and electricity, and a car may be basic needs, but you should not go into debt for life for any of them.
This is straight talk for anyone who wants to do more than work at a big box chain to supplement their retirement. Walk through all the places you go and see how many seniors are working there. You will have a new understanding of retirement. Take note of them, because if you keep throwing money down the crapper, you will be the next one on their payroll.

Friday, January 8, 2010

Big Banks Say Go Elsewhere!

Image by seiuhealthcare775nw via Flickr

Why not take the big banks advice. Shred your credit cards after you get one from your local bank. We bailed them out and they want to steal our money. Why pay them twice. We already paid the big banks. If we had charged the interest rates that they charge us on our credit cards they would owe us forever.
Why didn't we charge them 30% interest any way. But Wait, we can still charge them 30% on the bailout. Just like them we can race the rate retroactively. Let's get paid.
Next month is skip a payment month for the major banks. Everyone gets to keep their money next month and lets the banks eat the loss. Lets see what they say then. I bet they would beg to lower our interest rates. 50,000,000 people skipping a payment ought to adjust their attitudes. If it doesn't hell we can always say take this card and shove it. We aren't paying you no more. Go beg quarters on the streets, because you are going to be poor.

Friday, October 30, 2009

JOBS 101

Image by Providence Public Library via Flickr

There are no jobs right? Why aren't there jobs? The public might think that the economy is the reason there are no jobs and they would be partially right, but there is another reason that jobs are scarce.
Politicians get support by limiting competition for companies. Lobbyist do not spend billions on them to get business alone. The truth is that businesses want to eliminate competition from the market place. It's not an accident that certain companies become big players in a certain business. They lobby to achieve that. They also swallow up their competition. We all go to the store and buy food. We look down the aisles and see thousands of products, but the prices are pretty close to each other on the product level. Some of us think nothing of this, because they are used to it. Things get two times smaller, but the price stays the same. It doesn't seem that there is an explanation for this that is out of the ordinary, but there is.
Most of the groceries you see in the store are made by different companies, but those companies are owned, for the most part, by a few huge companies, so they can shrink the size of the package and the contents in it and not be hurt if people move to a different brand. This model is true to some extent across the whole United States and politicians get lobbied to keep it that way. And when I say politicians I mean local state and Federal. So what does this have to do with jobs?
The sad fact is that lack of competition means higher prices and less companies entering the market places. This means that the number of jobs in the country are artificially limited. Remember the banks that were too big too fail? There was no real competition in the banking industry. Yes, there are local banks, but local banks do business with the big players in the banking industry. The majority of the jobs in the industry are generated by those huge companies. The same is true for every industry. So there is no true competition. This is why cars are all priced in the same price ranges.
Now comes the jobs part of the equation. The number of jobs is controlled by the big players in each industry and the politicians know it. For this reason there are always a certain number of people who do not get jobs. The government knows this is true and it accepts a certain percentage of unemployed people to be normal. Too bad if that happens to be you. Not everyone can work in a capitalist society. Some people have to be jobless all the time so that there will be a labor pool, but it goes beyond this.
There are too many people in this country for the economy and politicians on all levels know this. There must be a certain number that do not work. This is why only people on unemployment are counted as unemployed. The politicians do not want the people to know how many people really want to work and are jobless, because they would have to do something about it. They would rather have people believe they are lazy and unmotivated or they don't have any skills. These are the facts. When a politician speaks about job creation, they fail at it after the election. This is not a coincidence. It is powerful lobbies at every level of the government opposing more competition, Which in turn limits the availability of jobs. So, the next time you are out of work and can't find a job, you should know, that it is thanks to all the politicians, at every level of government. That is why unemployment never falls below 5% or so in this country.
You might be saying that this would have to be a conspiracy and you would be right at one level, but as we know all politicians do not get together to block competition. It is far more sinister than that. It is always made to look like the vote went against a company or they were lacking some necessary requirement. This is why the American market has become so vulnerable to foreign competition. They don't have to play by the politician's rules and they are forced to accept foreign trade, because the economies in other countries requires it in order to allow American products in to their countries.

Thursday, May 28, 2009

Gas $3.50 A Gallon

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Hold on to your wallets folks. Gas has risen a dollar since it hit its low at $1.60 a gallon. Soon you'll be emptying those change jars again to get enough to get to work. If you have a job that is.
Obama's people expect gas to hit at least $3.50 a gallon. We all know that the government let's the oil companies charge what they want, so this shouldn't surprise you. The oil companies own the government. There is not one government official who will take them on. Well maybe Sarah Palin, but I was speaking about The Federal Government.
Hell why don't we just but our gas upfront. We'd be better to lock it in now than wait another month. For years the oil companies and the car companies have had a pact to keep gas mileage low, so the oil companies could charge what they want. What do you think gas prices will do now that the government owns GM. They will get the tax revenue from the gas and you will be buying your car from them. Does that make you a bit queasy in the stomach? It does me.
I think we ought to let the Mexicans in and start moving there. It's cheaper to live there and for the most part the weather is better. There are no jobs there, but hell, there aren't any here. If you haven't lost yours yet, it's because your business hasn't gotten around to it yet. Don't worry they will.
The government really wants us all to work for Walmart and at this point that doesn't look too bad. The Class of 2009 would probably take a job at Walmart considering there are no other jobs. They are in serious debt and with no job they are defaulting n their loans. Of course the banks will raise your interest rates to make up for that.
Why would anyone want to keep a credit card at 30% interest. If you use it your credit rating will plunge. All these experts who tell you not to close the accounts want you to use those cards and spend yourself into oblivion. If you can't afford to pay it who cares if you can borrow less money on a credit card. Credit Cards are now just another scam on us.
When gas hits $3.50 a gallon as predicted, you will be parking your car, because that is the real reason for the recession. People couldn't pay that much for gas and pay their bills and the same will be true when it happens again. If you are listening to them say the stock market is recovering, you should turn the sound down now. Gas prices are what will determine a rally. If they head up hide your money in the mattress or buy gold, because we are in for a big crash. If gas prices go to $3.50 a gallon, and they will, you can bet that people will not even be driving to Walmart.
Some people will call this gloom and doom talk, but if you think back to last year, the bottom fell out when gas prices spiked to record highs. With them on the rise, you can bet that no one will be buying anything stimulus or not. Be vary wary of spending any money with gas prices on the rise.

Monday, March 2, 2009

Dow: 6000. Do I Hear 5?

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The stock market fell to the point that people used stock shares as wall paper during the great depression. If your financial advisor keeps telling you you're fine, and you listen, You are just plain stupid. The stock market can fail altogether. Businesses can shut down. It's happening all over.
The republicans want to punish the coountry for voting for Obama, so they and their rich freinds have gotten together to screw you. They will do anything to make the economy worse, because they think that you will turn to them out of desperation if it gets worse.
They are playing politics with your jobs, your houses, and your money. They don't care if you go down. You are collateral damage in their plan to regain power. If you need proof look at the Republican Governor that refused stimulus money. The people in their states may lose their jobs and their shirts, but they will get reelected. This is their grand plan.
The Republicans tanked the whole economy, the stock maekets, and the banks, but that's not enoough they want you on the streets selling apples. You don't remember your history people. The republicans were in power at the beginning of the Great Depression too. Their policies have done nothing, but cause economic disasters in this country. The rich have even gotten the shaft from them.
Ronald Reagan the great Republican hero caused a recession. I think every Republican has started one. Maybe they have a secret pact to cause recessions and depressions.
All their freinds own gold and platinum, so when the stock market is on life support they will sell the gold and platinum and buy stock at two cents a share. They still have millions because they got out before it really crashed, so they will then buy stock for pennies and make billions, while you walk the streets with your families. It's no problem though, because you won't mind, will you?

Monday, February 23, 2009

Hidden News Hits Mark On Dow Drop

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On octaber 24th The Hidden News predicted the Dow would hit 7000. Well folk, It's almost there and still dropping. Had you payed attention then you would have saved a boat load of monney, but were not here to tell you I told you so.
The Dow is likely to hit 6000 before this mess is over as Tech Stocks take a major hit. Tech stocks will come back though. The keys is to dump stocks buy bonds which have out performed stocks and sit tight.
This crisis is far from ober. It is just begining. As Credit Card Compnies indiscriminately raise interest rates on people the default rate will triple. People who were good credit risks will suddenly lose the ability to make payments. People who were bad or average credit risks will default like mad. There will be no amount of money the government can invest in the banks to save them at that point. They will simply fail.
The banks have chosen their own demise buy following this policy. They will force people into bankruptcy at unprecedented levels by making them unable and unwilling to pay off their Credit Card Debt.
In the mean time Congress is sitting on their hands, because the banks own them. They are so afraid of the banks they will let the econommy suffer a nuclear disaster. This is the beginning of the end folks. Get a safe. Go to a credit union, but get your money out of the banks. If you own stock you are toast. Sell it for what you can get. Liquidate all your assets if they are affected by a major bank and sit on it. Roll your 401ks into iras and run I repeat run from anything to do with a bank that offers credit cards, because once a person defaults on one credit card the rest follow like dominoes. Expect the Dow to drop to 6000 maybe even 5000.
The govenment, the media, and the stockmarket would have you think that a panic is going on, but the real story is the market is about to hit lows that can't be predicted and can not be comprehended. The Dow could simply fold, since it is only based on 30 high performing stocks. If the dow folds, it could take the whole market with it.
The result of this could be a depression deeper than the great depression and even a decade of economic failure and misery.

Monday, February 2, 2009

The self Stimulation Package

Apparently Obama and the Congress are trying to keep their freinds and relatives working. The stimulus package creates jobs for people who know longer exist. Machines do 90% of the construction work in this country. Their isn't any need for people to do most of the jobs on roads and bridges.
You've been there, right? Driving along and the cones go on for a mile and then there are two guys standing next to a machine watching the operator work. The stimulus package will ad millions of cones to the road not millions of workers. Maybe Illinois makes the cones for the whole country. That would add some jobs.
Once again the government has it's heads up the economists asses. It seems the need an economist to tell them what kind of jobs Americans do. They have no idea that the majority of the country is in the service industry. Perhaps they think that the two beer belly guys watching the machine are off to the local spa after work.
People will not install solar panels or windmills, because the cost more than the make in ten years. Perhaps the plan is to give their relatives grants, so they can afford them.
Cutting taxes for people who are be laid off is another winning strategy. I can see them touring the state, promoting the tax cuts to the people who have now moved into the salvation army, because their jobs, house and money are gone. Of course these people will applaud wildly when they here they get more tax credits if he can find a job.
The reality is that the stimulus package is a mixed bag of Democratic give aways to all the people who they owe for getting elected. This may seem like a Republican point of view, but it is the same with the republicans. They want to give tax breaks to all their supporters who still have jobs.
Want to have a real stimulus package; end the credit card companies omnipotent power and actually give people the opportunity to get out of debt. We have gone back to the days of the company store, where people paid endlessly for the basic necessities.
Guess what people if the whole country stops paying their credit cards the bank and the credit companies will no longer have any affect on you. They simply can't blackmail the whole country into paying their credit cards if there is no one that pays. Fear is their ally. You are afraid of them. Tell them to go suck an egg.
The end of credit card debt will liberate you. You'll have a thousand dollars a month more and you can actually pay your mortgages.
Bottom line is the credit reporting companies have no power that you don't give them.
The stimulus package will be DOA when it reaches us. That ten dollars a month you get, because of the lower tax rate will go a long way right?

Hilary Duff at the New York Stock Exchange.

Wednesday, October 8, 2008

Obama and McCain The Hidden Truth

Plot of S&P Composite Real Price-Earnings Rati...

Image via WikipediaWhat do Obama and McCain know that you don't? They knoow our way of life is about to change forever.
The next seven years are going to see home prices drop like a stone. In a depression the dollar becomes harder to get, so it buys more. But it is a double edge sword, because what you make goes down. The problem with our situation is that the dollar is losing value and home prices are going to drop radically. You are losing equity in your home every day. The resale value is tanking. At the same time, there are more dollars in the economy, but banks won't lend them. Imagine a damn when water pours into the river like mad. The damn gives way at some point and the result is devastation. We have banks acting like the damn and dollars acting like the water. When all those dollars hit the economy the result will be run away inflation and devastation.
Let me explain how this hurts you. When your home value is low and money is flooding the market your house will be dirt cheap. Unless you hold it for decades you will never get your money back. Home prices do not rise as fast as other prices. This makes them a good long term investment over a life time. The same properties that make your home a good investment can be devastating. Here's why. When you buy when home prices are artificially high, the value of your house drops substantially when the home market stabilizes at it's real value. In this case, millions of houses are on the market and they can't be sold, because they are overpriced. At some time the force of the market will cause these houses to drop dramatically in price, becaus as they get run down there value decreases. Bank's know this, so they don't put money into the houses, they dump them all at once and cut their losses. When millions of houses become available on the market dirt cheap, you and everyone else sees the value of their house drop below market value. The result is that your morgage becomes a liability to you, because your house is not increasing in value. This is the case because you owe two or three times more than you'll ever get back. Think of it like a car. A car loses value every year, but if everyone suddenly needs to sell their cars the value drops like a stone until cars become less available.
What Obama and McCain know is that home values have not even begun to drop at the rate it is going to when those banks cut their losses and sell at fire sale prices. They also know that there will be too many dollars in the economy, so anyone who comes to buy your house will be paying less than you can make back, even if they give you more dollars, because the dollar is going to be worth so much less. Inflation will cause the price of everything to go up, but your dollar will be worth less, so if they pay 1000 dollars for a tv then, it will be the same as you paying 500 now. Imagine now that these people have twice as many dolllars as today and your house value hasn't gone up at the same rate. If you paid 200,000 for your house and they buy it at two hundred thousand, they will be paying the equivilent in dollars of 100,000 dollars. The result is that you will lose 100,000 dollars to inflation.
I know this is very complex, but do the math inflation makes the price of everything double, but the price of your house stays the same. What happens? you lose lots of money. This is why so many people are walking away from their houses. They know they will never get their money back. Since your home is your largest investment you take a bath. Combine this with your losses in the stock market and you have lost your retirment.
These are the things that Obama and McCaine are avoiding revealing at all cost, because they don't want to lose your vote. Did you notice that the bailout will not start until after the election? Guess what> That is not an accident. They want to get elected before the real trouble starts and so does Congress.
It's really too late to avoid this calamity. The people in the stock market understand that this is going to happen. They know when it happens the economy is going to have a fatal heart attack. They are selling like mad, because they have no idea which companies will survive. You see companies have been investing their money too and then borrowing at a lower cost to pay their bills. Companies that lose their investments and can't borrow will drop faster than the banks did. People who watch the market, and whose life is the market, are getting out faster than rats from The Titanic. It's no accident that gold is 900 dollars an ounce. Gold holds it's value.
Perhaps you have no idea how little an ounce of Gold is. I suggest you weigh an ouce of lead and see how small it is. Lead weighs less than gold.
Do your freinds and family a favor send the link to my blog to all of them. I am not trying to get famous or get millions of readers. I am trying to pass on some very important information to as many people as possible. My Link follows. Just cut and paste it into your email and send it to everyone you love. http://thehiddennews.blogspot.com/

Wednesday, October 1, 2008

Senate swallows Bush's Financial Fantasy Story

A diagram showing the front side of a typical ...

Image via WikipediaApparently, The Senate has swallowed Bush's financial fantasy hook line and sinker. They have scheduled a vote and are about to assassinate the American people's financial security.
The property that Bush and his buddies want to buy has not been maintained and some of it is in terrible shape. Bush would have you believe that someone would take this property off the government's hands at some point. The problem is that the government will have to maintain it or repair it. This will cost a boat load of money and once the government owns it they are committed to it's up keep. If they don't keep it up they will have to sell it at fire sale prices. The government's record on maintaining this type of property is abysmal, so you can bet the fire sale is coming. What does that mean for you and I?
It means the government will take a huge loss and because they are pumping 700 billion dollars of new money into the economy, inflation will sky rocket. How many of you remember the days when interest at banks was between 15 and 25 percent and everything doubled in cost. This what we are in for if this passes. The dollar will become like the penny. You will be stuffing them in cans and exchanging them when the can is full. This is just what the administration wants, because their rich friends will be getting unprecedented interest on their millions. We however will be saving it cans for lunch money. The days of going out to dinner are over people. Congress and the White House just want to hold the crash off until they can get reelected and that's just what this bill does. When the election is over you can bet that we will all be paying for it in cash. Get used to buying with cash too because the days of groceries on your credit card will be over unless you happen to be in the upper 5 percent of the income bracket and they don't need credit. If this isn't clear enough for you bone up on the great depression and then throw in staggering inflation and you might have a clue of what's coming. Basically, financial Armageddon is about to hit and this bill will only make it worse in the long run.
What the government knows is that the economy is based on you borrowing. That is the grease that makes the wheels of the economy turn. If you can't afford to borrow, it all stops and you will not be able to afford to borrow after this election.

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