Hold On – Interest Rates Are Going To Increase During The Second Half Of 2010 And Into 2011

Interest rates have nowhere to go but up.  Interest rates will rise during the second half of 2010, and they will continue to rise during 2011.  This is going to cause a lot of pain for the U.S. economy and for American consumers.  Unfortunately, this is not just the opinion of a handful of half-baked Internet nutjobs.  This is the assessment of the New York Times and of the highly respected economists that they interviewed.  It seems that virtually everyone in the financial community agrees that it is inevitable that interest rates are going to rise.  And that is really bad news for the U.S. economy. (Read More...)

15 Reasons Why The U.S. Economic Crisis Is Really An Economic Consolidation By The Elite Banking Powers

Is the United States experiencing an “economic crisis” or an “economic consolidation”?  Did the financial problems of the last several years “happen on their own”, or are they part of a broader plan to consolidate financial power in the United States?  Before you dismiss that possibility, just remember what happened back during the Great Depression.  During that era, the big financial powers cut off the flow of credit, hoarded cash and reduced the money supply.  Suddenly nobody had any money and the economy tanked.  The big financial powers were then able to swoop back in and buy up valuable assets and real estate for pennies on the dollar.  So are there signs that such a financial consolidation is happening again? (Read More...)

10 Clear Signs That This Will Be A Double-Dip Recession In The United States

The U.S. economy has been riding out one of the worst recessions in modern history, but unfortunately every economic signal seems to be indicating that we are going to be experiencing a “double-dip” recession instead of a recovery.  U.S. government debt is out of control, a massive “second wave” of mortgages is scheduled to reset starting this year, banks have significantly tightened credit, pension funds across the U.S. are broke at a time when a ton of Baby Boomers are ready to retire, and a massive financial crisis in the Eurozone threatens to throw the world into financial chaos.  The truth is that 2010 is going to be another very tough year economically, and for many the American Dream is quickly becoming a distant memory.  The following are ten clear signs that this will be a double-dip recession in the United States…. (Read More...)

Housing Crash Part 2? A Massive Second Wave Of Mortgages Reset Starting In 2010

The housing crash of 2008/2009 was one of the biggest financial disasters in American history.  Approximately 6 million homes have been foreclosed on by lenders in just the last three years alone as millions of American families watched their hopes for achieving the American Dream go up in smoke.  Since early 2008, approximately 60 million U.S. homes have lost a combined 5 trillion dollars in value.  It has been an unmitigated disaster for homeowners, lenders, home builders, real estate agents and construction workers.  Now approximately one out of every four U.S. homeowners are “underwater” on their mortgages.  That means that they owe more money than their homes are worth.  If that wasn’t bad enough, it is estimated that by June of this year approximately 5.1 million American homeowners will own a home valued below 75 percent of what is owed.  Can you imagine owing $400,000 on a home that is only worth $300,000?  That is where millions of American families find themselves now.  In some areas of the U.S., the housing market is so bad that it is almost comical.  In California, one bank demolished 16 nearly completed homes because it was cheaper to knock them down than to finish building them.  The worst part is that by all indications, the housing crash is far from over.  In fact, a massive “second wave” of mortgage defaults is on the way over the next three years that could potentially deliver a knock out blow to the U.S. economy. (Read More...)

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