from Silver Vigilante:
More than 40% of US citizens between the ages of 50-65 are planning onselling their homes and McMansion’s for something smaller and more practical, as “prospective downsizers exceed would be ‘upsizers’ by nearly 3-1,” reports the WSJ. They are under the assumption that, by downsizing, their lives will be made simpler and more inexpensive. While the former depends on each individual, the latter is certainly not always the case. Bulking [...]
The New American
Sunday, September 16, 2012
Everybody knew it was coming. With the economy continuing to founder, it was only a matter of time before Ben Bernanke and the Federal Reserve decided to turn once again — like the proverbial pig to its wallow — to printing money in a vain attempt to jolt the moribund American economy back to life. As with the first two such feckless efforts, they’re dressing this [...]
The McMansion-owning, designer-bag toting, new-Mercedes-driving consumer is, well, so 2006.
These days, faced with scary job prospects, fat credit card bills (that Louis Vuitton tote wasn’t even worth it, was it?!) and houses worth much less than we paid for them, the American consumer looks a lot different than she used to.
In fact, she’s living by a whole new set of rules (or, at least, she should be).
Here’s a look at what they [...]
by Jim Quinn of The Burning Platform
Peacock Syndrome – America’s Fatal Disease
“There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will [...]
However, the whole question of whether Gold is Money simply misses the point here. Right now on the markets it is trading like a currency, not a commodity. So in this sense it certainly is money. It also forms the base of an inverted pyramid of monetary instruments the Gold Bugs like to use to demonstrate the traditional role of Gold in a monetary schema.
Theyâ€™ve been called McMansions, Starter Castles, Garage Mahals and Faux Chateaus but hereâ€™s the latest thing you can call them â€” History.
In the past few years, there have been an increasing number of references made to the â€œMcMansion glutâ€ and the â€œMcMansion backlash,â€ as more towns pass ordinances against garishly large homes, which are generally over 3,000 square feet and built very close together.
What sets a [...]
President Barack Obama said:
The wretched policies of the last 8 years have wrought upon this great land economic horrors the likes of which we haven’t seen in generations. Today’s Case-Shiller report is further proof of that.
The administration’s previous efforts to stop foreclosures, HAMP, although a noble effort, had some portions of the program which were bipartisan (ie they were Republican ideas) and as we can see, have had no effect.