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10.07.09
For Sale, Cheap: America

The United States is being bought up by foreigners. It’s sort of like a rummage sale or a department store bargain basement. Investors are buying up US companies at a record pace and foreign governments are “buying up” the Federal Government through loans to finance Congressional and Presidential deficit spending and corporate bailouts. On one recent day, the stock market reported more than $14 billion in stock acquisitions, some of it in buyout deals by foreign financiers.

09.16.09
The Only Thing Constant Is Change: Tomorrow’s “Good Old Days” are happening now

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.

09.16.09
The Only Thing Constant Is Change: Tomorrow’s “Good Old Days” are happening now

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.