The Firewall Movie does a Great Job

The Firewall movie does a great job in informing the public about the dangers of the housing and mortgage bubble to the United States and the world. If only more people knew about these situations, we wouldn't have the type of clown show going on in the U.S. Presidential campaign right now. There actually is a real danger of hyperinflation breaking out in the United States and the world.

This hyperinflation would not have to be of the order of hyperinflation in Germany in the 1923 period, or in the 1980s in the Latin American countries in order to be extremely destructive. Already gasoline prices have gone up from $0.99 a gallon (plus tax) at the pump, to around $3 a gallon (plus taxes). That is a 300-percent increase. And other items like key food items are going up as well. Milk is up at least 30-percent, bread is up in many places about the same, and these price increases add up. It is a total fraud to state that inflation is only 7-percent or so, like the Federal Reserve and Bureau of Labor Statistics continue to contend. It really is time for the US national government to put the speculative financial system through a thorough bankruptcy reorganization, before it's too late.

Getting Injured on the Job

Many workers get injured on the jobs, typically on construction jobs. With the collapse of the housing market, there may be less of this, but it's not going away. I had a similar incident in the United States, but there are also Accident Claims UK going on.

When I had my leg hurt in a construction accident, it was a bloody mess. I had a fracture in one leg, and above my knee, the skin was even ripped open. After 3 operations and 7 months rest and therapy, I was able to walk again. The legal case took a lot longer. It's a shame that you have to get a lawyer and go through all this nonsense just to get a worker's compensation claim paid. It would be much better if there was some sort of mechanism where the government could offer injured workers some sort of settlement, automatically. As it was, my case never did go to trial, it was settled out of court, but there were drawbacks for all you worshippers of free enterprise. The lawyer gets to keep 33-percent of the settlement money, for doing not really that much. The main thing that he did was arrange a couple of hearings and depositions. I don't even really remember if the lawyer was there or not.

Some of these cases involve the death of the individual and the survivors getting any money awarded. In the UK, inheritance taxes have to be paid for estates worth over about $600,000. That is not a huge amount when it is considered how much real estate values alone have been inflated in the UK. According to the Scottish Widows Organization, some 10 million families in the UK may be subject to this tax. So that's another thing for you survivors to worry about.

Foreclosures and other Housing Fun

The collapse of housing prices is claiming new victims, as the number of home sales falls and people get holding the bag. Families owe more on the mortgage than the equity value. If they sold, they would have to pay out the difference in Cold Cash. So, in addition to the victims of foreclosure, millions of families are stuck in places, many times that they don't want to be. This is another consequence of allowing mortgage brokers to offer ARMs and other high interest, exotic mortgages, in order to keep the mortgage bubble going for the last five years. Of course the funny part is that these types of dirty deals have been done with everything, including municipal bonds, even government bonds.

Foreclosures are hitting Florida, and California hard, but they have hit Texas as well. Houston is the biggest city in Texas, and real estate prices have dropped there as well. Austin is the capital of Texas, and Austin homes are also showing a lots of collapsed values. Austin, a city of over 600,000 has lots of oreclosure market. Then, the same can be said about Dallas, Texas.

Look at places like Leesburg, Virginia in Loudon County, it was used as a bedroom community for Washington DC, and now the collapse of real estate is endangering the entire community. Home foreclosures are hitting the real estate market and also the banks. A lot of restructuring will have to go on in areas like Virginia, where industries have been destroyed and everyone commutes to jobs in Washington DC, if they can still get them.

Getting a New Shopping Cart

If you are involved in eCommerce, you must have a shopping cart, so visitors to your site and actually buy things. Cheap shopping carts are really a great thing to have and you just pay a low monthly fee. There's even a 10-day try-out. Ashop Commerce recommends itself as totally search engined optimized, and all that. This software is totally transmitted and administered online and has become a favorite of both novices and professionals.

There's a ticketing system and you are able to keep track of your orders. Since everyone and their grandmother is getting into the online marketing business, this is really something that you want to check out. And best of all, you don't have to know any HTML, and programming or anything like that. So the real question, is are you ready to go into the tee shirt business? You can use the Ashop shopping cart to accept credit card payments and get in business. They have a live chat program, so you can easily solve any implementation or operation problems. Go to their site ashop.com.au and see the demo store.

The Ashop Commerce shopping cart also has a support ticketing system to use when your customers send you emails. The tickets are tracked by code, so you have easy tracking of customer complaint emails, or satisfaction emails as well.

Got to try to get it in your head- It's Over

Got to try to get it in your head;
It's over it's over;
The bubble not coming back, bankruptcy instead;
It's over, it's over;
That can be a real good thing;
Save the people, and the physical economy instead;

You really have got to see this Firewall movie, at the Larouche Pac website. It's 84 minutes long, but you don't have to download it, you can livestream it, if you have a decent computer and internet connection. I can really see now, how if we don't put the economic system through a bankruptcy reorganization. We have Mayor Bloomberg on New York, and possible Presidential Candidate, who is pushing with his international League of City friends, a sort of Venetian City-State solution to the bankrupt economy. Let a few mega-cities thrive, and turn everything else back to the Dark Ages. That is Bloomberg's basic approach.

The Joys of Smorty

A new way to get paid for blogging is joining the service known as Smorty, or Smorty.com. Smorty is neat, in that it is very well organized. You get the topics that you want to talk about, and you get to blog for money. In these tight money days, and the tight economy, for people who have to stay home and watch their kids, for example, that can be very useful.

To get paid for blogging, all you have to do is join their service by logging on to their website and registering. It's that simple. And some of the topics that they want to advertise about are quite interesting. You get to learn new things while making at least a little coffee money, and over time it can add up.

So, I really recommend you try it out.blog advertising is just as a respectable way to make money as to write in a newspaper, or sell ads for a newspaper. It might be more respectable, considering how papers can also be beholden to their advertisers.

Brought to you by my friends at Smorty.

Real Estate Mortgages Out of Control in the Bronx

I saw a press conference today, about dealing with the mortgage foreclosure crisis. There is a lot of games about getting people's mortgages refinanced. It can't work more than 10-percent of the time and the payments are still astronomical. 42 New York State Assemblymen and Senators support the Homeowner and Bank Protection Act, including leading Democrat on the issue, Jeffrey Klein, of the Bronx. Unfortunately, that initiative was not what they were pushing on Sat., at Cardinal Spellman High School, off of Baychester Avenue in the Bronx.

On the home mortgage crisis, can we really let 5 million families be foreclosed on? Should we, because for 5-years (2001-2006) banker thieves were allowed to artificially run up real estate prices using Adjustable rate mortgages and other swindles? No. We must use government, to freeze the mortgages, have minimal payments made, and reorganize the over-inflated real estate market. The bankers created a "market" to double and triple home prices, through deliberate FRAUD.

The whole economy is going down. We need a government sponsored infrastructure program, sooner not later. You can combine public works and private companies, but LaRouche warns to be careful. You may be bought and sold like a SLAVE. Ever heard of "Fascism and the World Company?" Anyway, the FDR system of public credit for infrastructure, done by public and private contractors has always worked fairly well, despite human frailties. (Government credit is not the same as tax collections).

Maintaining Physical Infrastructure is not just repairing things. This is a key engine of progress in technology. Next stop is to colonize Mars, with our physical, space infrastructure. Infrastructure has NEVER paid for itself, it has always been partially or totally subsidized by government credit. Government credit is the issuing of money to a contractor who helps construct the government infrastructure. Especially, with the ongoing credit crunch and the crashing system, only government credit will be able to build new infrastructure. (Remember, the bubble is over).

If we don't have new, better Nuclear Energy, we will within a fairly short time (20-200 years, it's unclear) run out of cheap, accessible oil. Anyway, oil is a petrochemical feedstock valuable for many other purposes. WE NEED PROGRESS AS A PEOPLE, TO CREATE NEW "NATURAL RESOURCES" OR ELSE.

Hopefully, these initatives on the Mortgage crisis will start some real action, like freezing the mortgages, not waiting for everything to get worse.

Loans are Still Available for California

It seems that loans are still available for fixed rate mortgage loans for up to 15-year term. That may seem pretty tight, but there should also be a 40-year loan at a higher interest rate. So if you want a San Francisco mortgage, this is a good place to start, according to my friends at www.mlsloanbroker.com . They deal with a Bay Area Mortgage in any case.

Another possibility is a San Francisco refinance. These mortgages do not have prepayment penalties, and don't have points attached to them either, which lowers your cost and your risk. In fact, the only extra payments are a $500 processing fee, and a $15 fee for a credit check.

At the same website you can get a free property analysis and a free economic report. You also get a free quote. Larry Martinez has been in business since 1990, and has worked for the last six years as a Mortgage Loan Specialist, in the corporate field. He teaches home buyers and agents, and wants to get the best deal for you.

The Crash is Continuing

You thought you were off the hook with all the lowering of interest rates. Well forget it Charlie. The Union Bank of Switzerland is looking for over twice as much in bank write-offs of bad loans than what has already occurred since the crash began in June 2007. Here is the latest from Larouche Pac.



The world's top banks may have to write off as much as $203 billion in new losses on top of the $152 billion in writedowns already taken, Swiss banking giant UBS said in an analyst's report. The bank said the banks may have to write off as much as another $120 billion on their CDO holdings, another $50 billion for losses in SIVs, $18 billion for mortgage-related securities and $15 billion for LBO loans. "Risks are increasing and spreading and the liquidity situation is still far away from normal," the report said.

On Feb. 14, UBS revealed it had additional $26.6 billion exposure to American mortgages, on top of the $27.6 billion in exposure to such paper it had already admitted, plus a $2.9 billion exposure to monoline insurers. The bank took a $13.7 billion writedown in the final quarter of 2007, after a $4.4 billion writedown in the third quarter, giving it a net loss of $4 billion for the year.

Foreclosures and other Real estate news

Is it worth buying foreclosures? The prices are definitely down, so that is something to think about. The key thing is also to get a fixed mortgage loan that is payable in a fungible way. San Antonio foreclosures, way down in the heart of Texas seem to be a big thing. San Antonio has become a big city. It has passed 1 million in population and there are a lot of things going on there. You can check out the schools and other neat statistics, brought to you by my friends at nationalrelocation.com

Also worth checking out are Texas mls homes. You can get all the listings of new homes, old homes and foreclosed homes and real estate as well. You get some real time information about where the average prices of homes is way down. You get the information you need to get a good deal.

Las Vegas, Nevada has for a long time been the city of dreams. Las Vegas condos have been desired by many, but for long the price has been going up. They have become out of reach for many. Now is your chance when the prices go down. As long as they keep building some water projects to Las Vegas, in the desert, and they better keep doing that, people seem to want to move there. I guess the climate is just fantastic, the recreation and shows overwhelming, and the fantasy just can't be beat.

Obama is being Puffed Up, When will he Crash?

Obama has been puffed up by the media, the question is when will he crash? His crash is being prepared around the Rezko case. Anthony Rezko has been described as a "slum lord and political fixer." Barak Obama has already had to apologize about receiving over $100,000 in contributions from Rezko and Rezko linked people, and this is only the beginning. Rezko's bail was revoked after it was revealed that the source of his bail money is a Mr. Auchi, a billionaire of Iraq-origin, now living in London, UK. His trial is scheduled to begin on March 3rd, 2008, just before the next big set of primaries, in Ohio and Texas.

The real question is, with all these potential scandals, why has the financial establishment been covering his butt? She is being used to knock Hillary Clinton out of the Presidential race. The Wall St. crowd is not happy about Hillary's call for a 90-moratorium on real estate foreclosures, and a five-year freeze on raising of Adjustable Rate Mortgage interest rates. They want to be bailed out, and that is all.

I Want to Get Away, I want to Fly, Yeah!

With the economy about to crash, this may be your last chance to get away. Cheaper than hotels can take you to a lot of interesting places in Spain, like the Costa Del Sol Torremolinos Hotels. First there is Torremolinos, Spain. Torremolinos is warm and on the water, and the hotels look fabulous. There is even a kosher hotel there. The special today is the Melia Costa Del Sol Hotel only 100 Euro, presumably, per person and double occupancy. The prices at the Adriano Hotel seem unbelievable, only 45-euro/per day/per person. Admittedly it is a 10-minute walk to the beach, but there are plenty of bars and nightclubs in the vicinity.

Recommended by friends at www.cheaperthanhotels.co.uk.

You may also want to check out the hotels in Marbella, also a resort town in Southern Spain. The Costa Del Sol Marbella Hotels are a pretty good deal. This seems to be the place for the in-crowd, like rich tourists from Germany, and other places in Northern Europe. The Park Plaza Suites Apartments in Marbella are going for 375 Euro a day, presumably with space for the whole family. Also on the Costa Del Sol is Benidorm. Benidorm Hotels
are popular with the British population, and they have an overwhelming presence here.

Further north in Spain is Barcelona, and the city of Sitges. Sitges Barcelona Hotels. It is south of Barcelona, which of course is not Costa del Sol anymore, but it may be a good place to go in the Spring and Summer. Just don't let anyone persuade you do buy any real estate while you are vacationing in Spain. The housing bubble can collapse there too.