Posts Tagged Loans

Silver Update 10/24/14 – Stupid Loans

via: BrotherJohnF
November 2, 2014

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Hyper Report 08/08/2012 – Feds Brainwashing Scheme

via: HyperReport
August 8, 2012

Source Links and video text for Today’s Items are located at:

http://hyperreport.org/2012/08/08/120808/

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Hyper Report 08/03/2012 – PMs Price Spark Could Be Debt Downgrade

via: HyperReport
August 3, 2012

Source Links and video text for Today’s Items are located at:

http://hyperreport.org/2012/08/03/120803/

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Mainstream Reporter Tells The Truth About Audit The Fed And The Creation Of The Federal Reserve

via: EconomicCollapseBlog
August 1, 2012

When someone in the mainstream media goes out on a limb to tell the truth, then the rest of us should go out of our way to applaud that effort.  Reporter Ben Swann of Fox 19 in Cincinnati is one of the few local television reporters in the United States that consistently tackles the tough issues.  As you can see from his“Reality Check” archives, he regularly does reports on the Federal Reserve, the emerging police state, the loss of our freedoms and liberties, the advance of globalism, the economic collapse, political corruption, etc. etc.  That is one reason why his YouTube channel is rapidly approaching a million views.  In his most recent Reality Check, Ben Swann asked this question: “Is auditing the Federal Reserve really necessary?”  In just four minutes, Swann covered the creation of the Federal Reserve, where money comes from, the 16 trillion dollars in secret loans given out by the Fed during the last financial crisis, and why an audit of the Fed is so important.  It really was extraordinary to watch a local mainstream news reporter tell the truth about these things.  We could definitely use about 1000 more reporters just like him.

The video of Ben Swann’s recent Reality Check is posted below.  If you have not seen it yet, it is definitely worth the 4 minutes that it takes to watch it….

Continue Reading At: TheEconomicCollapseBlog.com

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The Journal Continues To Pump Housing

via: Market-Ticker
by: Karl Denninger
July 12, 2012

Bah.

The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.

I love how people look at a “market” where the distortions are ridiculously large, to the point of overpowering everything else, se a small uptick and say “the numbers are now convincing.”

What am I talking about?  Let’s just look at the mortgage rate — 3.5%.

Now let’s look at a prototypical $200,000 loan for 30 years at 3.5%.  This produces a payment of $895.48.

How much house does $895.48 buy if rates go up to a more-normal 6%?

Answer: $150,104.

So you think housing has “bottomed” eh?  That’s very nice.  You have an imputed 25% valuation increase in the price of houses today that will, over time, go away.

This is something that nobody talks about, except me.  I’ve brought this up repeatedly — you want to buy houses when rates are historically high, not low, because then when rates go down you get the imputed increase.

Continue Reading At: Market-Ticker.org

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Middle Class? Here’s What’s Destroying Your Future

via: PeaksPropserity
by: Charles Hugh Smith
July 11, 2012

According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973. While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work:

  1. The divergence of State/private vested interests and the interests of the middle class
  2. The emergence of financialization as the key driver of profits and political power
  3. The neofeudal “colonization” of the “home market” by ascendant financial Elites
  4. The increasing burden of indirect “taxes” as productive enterprises and people involuntarily subsidize unproductive, parasitic, corrupt, but politically dominant vested interests
  5. The emergence of crony capitalism as the lowest-risk, highest-profit business model in the U.S. economy

Higher Energy Costs = Lower GDP, Lower Incomes

Let’s start with the conventional forces of higher energy costs.  The abundance or scarcity of energy is only one factor in its price.  As the cost of extraction, transport, refining, and taxes rise, so does the final price.  EROEI (energy returned on energy invested) helps illuminate this point. In the good old days, one barrel of oil invested might yield 100 barrels of oil extracted and refined for delivery.  Now it takes one barrel of oil to extract and refine 5 barrels of oil, or perhaps as little as 3 barrels of unconventional oil.

It doesn’t matter how abundant oil might be; it’s the cost that impacts GDP and income. Here we see that GDP in relation to the price of gasoline hit bottom in the wake of the 1979 oil shock. GDP soared in the late 1990s when oil plummeted to $15/barrel. It spiked lower when oil hit $140/barrel in 2008, and popped back up when oil dropped (briefly) to $40/barrel. (FRED charts courtesy of B.C.)

Continue Reading At: PeakProsperity.com

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