Sad Situation on Home Mortgages

There is a surely horrible situation with so many people losing their homes. In fact, 10 million or more families are losing their homes. This can be confusing, because only 2-3 million people lose their homes a year. Nevertheless, at least 10 million out of 65 million homeowners in the United States are actually in the pipeline to lose their homes unless this insanity is stopped.

Will Obama's 75 billion dollar proposal stop it? It's hard to say, I am waiting for some experts to evaluate it, but at first glance, it will not work. We need LaRouche's Homeowner and Bank Protection Act.

Show Your Stuff at Acobay

As you struggle with your mortgage, why not show your stuff at Acobay. Acobay is a very nice sharing site where you get to show your stuff and find out what everybody thinks about it. I already showed off my new cell phone that has the little fm radio in it and my computer and my watch and my laptop, and wow. I just showed off about all my possessions left, after I ran out of cash trying to pay my ballooning mortgage on my house. Now, if I have to put my house on that site it might be a problem.

Real Estate What Next

With the latest horrendous reports of breakdown of the real estate market, the future is uncertain. The NY Times had the reports of California and Florida, where boom towns like Mountain View, Ca. and places near Ft. Meyers, Fla. have houses that have gone from $300,000 to $100,000, which is a pretty big drop, plus there is little employment in these areas. The South Bronx and Mott Haven is supposed to be hot (link) but this sounds like a self-serving announcement.

The party is still supposed to be on for Kelly's Furniture store, on Bruckner Blvd, by Lincoln Ave. It is true that this neighborhood and shopping district is a short drive over the bridge from Manhattan and also has quick subway service fairly close. It is a lot cheaper than renting a $3,000 loft in Manhattan, but remember, the trends of the last five years mean nothing now that the bubble has popped.

Can You Get a Loan?

When you look at your personal finance do you need a loan? Take a look at a web site that my friends have pointed out, Money Now USA! These people can find you a loan. They have real loans with interest rates of 5% to 20% that you pay back over 1-4 years. Some of these loans that are over $10,000 are going to require a home equity loan, so be careful, you know what is at stake.

The other type of loan that you can get is a payday loan. Pay day loans are fairly small, that is about the size of a paycheck. They are also at higher interest rates and are paid back in a shorter time. Now, if you have a large interest rate you have to pay it back in a short time, unless you want the debt to pyramid. Debt pyramids seems to be the reason that the real estate market and many loan markets have gone bad, so it is a definite no-no.

This website seeks out the best lender for you. When taking a loan, as we say in New York City, look at your possibilities. Is this money something that you need right now, and that you can pay back and get over? Don't make the mistake of gettting a loan that you can't handle.

Macy's Not Keeping the Pace

The reports of store closing and firings from the Macy's Department chain underlie the hard crashing of the economy. With the liquidation of Circuit City, the empty store fronts are definitely reaching into the Bronx, and Manhattan and hitting commercial real estate. When will Obama finally break with consensus politics and declare that the whole system is bankrupt? Then he can have the Treasury Department issue new credit and begin to put America back to work. Of course, that also means a New Bretton Woods and the agreement for ending speculation from the USA, China, India and Russia, as a seed-crystal for the new monetary system.

Like the New Affordable Housing in the Bronx

There is new affordable housing in the Bronx. This development is called Intervale Green, and it is by Intervale Ave, and Louis Nine Blvd., in fact only a block away from the #2 and #5 subway lines. This is WHEDCo's super-greenie project. It is a normal and even nice new apartment building, 125-units, with lots of energy conservation features and natural lighting. The only downside is that with the real estate bubble, affordable housing has got a bit expensive to, $950 for a two-bedroom. Hope WHEDCo can help those single mothers out.

Mini Storage in the Urban Jungle

Yes, there is a lot of mini storage going on in the urban jungle. Often young people especially want to move downtown to be where the action is in New York City. They find that the apartments are tiny. Despite real estate going down, it is still pretty high in New York and other urban centers. Mini storage enables you to keep some bulky possessions and wait till you can afford a bigger apartment.

Citigroup is Exploding

Yes, Citigroup is a strange bank, the largest American bank. It has good sides and bad sides. It has released a plan to lower the interest on mortgages it has, and turn ARMs into fixed rate mortgages. Yet Citigroup seems to be on the point of splitting up. The Smith Barney investment house is to be sold or consolidated into Morgan Stanley. The Primerica Life Insurance, etc branch is to be sold. The asset management parts are to be split off from the global banking operations.

Kingman Paintball is Where it's At

Have you ever played kingman paintball? It is the most fun game in the universe. The Kingman Spyder Sonic paintball kit was so much fun that I thought I was on deadly military maneuvers. And all I lost was some junky close when I got shot and paint squinted all over my scrawny chest. This mega-set for only $11.95 will keep you having fun even if the whole financial system disintegrates and all that. Check it out brother man.

Bronx Real Estate Down

pix, source nytimes.com Yankee stadium.


The Brodsky organization admits that Bronx real estate is down, and can continue,

"on the way down, on the way. on the way down.
And I won't forget the bubble trouble.
I got ripped off , on the way down,
But I did lie too, bout my income, on that arm mortgage.

(spoof, on the way down, song)

There is still a lot of denial about the freeze up of the refinancing of the commercial real estate and all that. A lot of denial about the problems with the East River Plaza. Maybe problems with the new Yankee Stadium. Will people buy all the million dollar boxes>

Bad Medicine from Bernard Madoff, GMAC

GMAC is like Bad Medicine.
The system's bad medicine again. Shake it up.
Bernie Madoff's bad medicine.
Just another chance for a bailout again.

(spoof, Bon Jovi, Bad Medicine)

This has really been a case of insanity, with the Federal Reserve and US Treasury agreeing to let GMAC become a new "bank." At the chairmanship of GMAC is Ezra Merkin, (former?) Pres. of the 5th ave Synagogue in NYC, and a key conduit of funds into the crooked ponzi scheme of confessed crook, Bernard Madoff, and his $50 billion ripoff. Shake it up.

Madoff still alive, but that French Guy is Not

Madoff is still alive but the French guy, Rene-Thierry Magon de la Villehuchet is not. Another comment of interest is that the Madoff firm functioned as a banker for governments such as the state of Israel. In terms of the real estate collapse, victims include the Blumenthal Associates, and their project of the East River Plaza, in East Harlem. Also hit were their partners, Forest Ratner. So this is going to be a huge hit of real estate, both commercial and in places like the Bronx as well. It really is time for the Homeowner and Bank Protection Act.

Madoff still alive, but that French

Fraud, Bernie Madoff and More Fraud

Huge losses from Huge banks are being reported associated with the collapse of the Bernard Madoff firm, from the Lipstick Bldg., at the 17th floor of 885 Third Avenue, New York, NY. Like the SIV, Structured Investment vehicles, and the REITs, Real Estate Investment things, the question is, is this a real loss, or the exposure of a "black box" to hide bad losses at the Madoff Securities firm. Britain's Royal Bank of Scotland Group PLC and Man Group PLC, Spain's Grupo Santander SA, France's BNP Paribas and Japan's Nomura Holdings all reported that they had "been John's at the cutest little Ponzi Whore house on Third Avenue."

Man Group, the world's largest publicly traded fund manager that reported exposure of around $360 million on Monday, yes they say "we are only babes in the woods. We don't know nuttin'.

Banco Santander, the largest bank in the euro zone by market capitalization, said its clients have euro2.33 billion ($3.07 billion) in exposure with Madoff, mostly through a fund called Optimal Strategic US Equity. Another babe in the woods complains "we wuzz robbed." Same for Royal Bank of Scotland, and Nomura Holdings. Thieves like to pose as victims.

Fordham Road Bid Fights for Sales

The Fordham Road event was both a Christmas tree and street lighting event andalso the opening of shopping discounts running through December 21st at stores throughout the area. This event took place in a tent, on Fordham Road, from 7 pm to 9 pm, at Bryan Park, crossing Kingsbridge Road. Sponsors of the event include NY Councilman Joel Rivera, Monroe College, the Football Team, the Giants, La Calle Radio, and Banco Popular. Obviously, the merchants of Fordham Road, Bronx NY, would prefer if customers stay uptown for their Christmas shopping rather than going downtown or elsewhere in New York, New Jersey and Connecticut. Commercial real estate prices have to be held up by some real sales, please, thank you.


There were two sets of choirs singing traditional Christmas carols, the Fordham University Gospel Choir, singing traditional songs like “Silent Night” and the Learning Tree Choir, which is a children’s choir. Kids also enjoyed the appearance of some librarians, who gave out children’s story books and read several stories to the children. Raffles were issued giving away various prizes. There was a guest appearance of NY Giant, Fred Robbins, the defensive captain of the Giants.

Plenty of coupons were given out by the Fordham BID, including free copies of “Time Out New York” magazine. Participating are 65 merchants from the Fordham BID, stretching from Jerome Avenue to Third Avenue, in a 10-percent discount offer until December 21st. You can present ads about this offer, and the ad is also downloadable from www.fordhamroadbid.com , or you can present a Metro Card, with some restrictions applying. Also look for extended shopping hours on Friday, December 19th, till 9 pm or later. Many small stores are participating in this offer and also larger stores like Best Buy, Footlocker, Modell’s Sporting Goods, Conway, and PC Richard Electronics. Even a couple of restaurants are participating like Best Italian Pizza, 200 East Fordham Rd., Splendid Deli, 387 East Fordham Road and KDY Fruit and Food at 2602 Grand Concourse. For more information about the Fordham BID, please call (718) 562-2104 or go to fordhamroadbid.org.

Police Gear and Real Estate Collapse

You never know, this real estate collapse may still in local situation becoming a police situation. It just may not be reported. You better have Surefire Flashlights if your riots are at night, so you, Mr. Policeman can see where you are going when you go to your confrontation of the little man who can't pay his bills. These lights can be used for civilian purposes as well, from the lapolicegear.com, my tough and rough buddies.

Why buy a Surefire Flashlight online? Well, for one thing, you will, for sure get your order filled in a brief amount of time, without hearing that the product that you need is out of stock. And second of all, these are the best flashlights in the world. These are Xenon Gas and Halogen lights that are just much more bright and powerful than anything that has been available before at a given battery power.

Of course, the next powerful technology that is coming to the world of lighting in a portable form is LED, Light Emitting Diode. These can last for hundreds of hours due to their super low use of electricity from your battery. Another thing to know about is lithium batteries, that are able to function well over a much wider range of temperature. With the winter coming, places in the northern United States can have night temperatures as low as 0-degrees Fahrenheit or even lower, so this is not a moot point, lithium batteries will give you top performance way over that of alkaline batteries in such an environment.

Real Estate Collapse and the World

The ongoing hitting of the collapse of the real estate bubble continues to have effects in the real world. Sheir Bair of the FDIC may say that she is helping 20,000 homeowners in trouble with Arms -- Adjustable Rate Mortgages-- associated with the taken over Indy Mac bank, but what about everyone else? What about the 2 million or so households who also need to be bailed out, or have the mortgages written off. You can put the mortgages in a freeze, like LaRouche's Homeowner and Bank Protection Act, and readjust them when the bubble finally goes all the way down.

Bailing Out Citibank but what of Housing?

Yes, it seems that to the tune of almost $300 billion, that Citibank has been bailed out. What relevance this has to the 1 million families who have lost their homes, and the 2 million more or so coming down the pike, I don't know. Yes, we have become slaves of the oligarchy again. Will Obama have the courage and the balls to lead an American Revolution against this disgusting debt slavery? We at realestate crash now do not know the answer, but at least we are smart enough to ask the question. And the best answer it seems is to freeze the mortgages, stop the foreclosure on family occupied homes, and take a few years for the whole thing to sort itself out. Not just let the interest rate go down, but after a few years of rental payments, let the principal go down too to "market levels." see Larouchepac for more.

Citibank and the Tank

Less Citibank has really tanked, and the real crash is upon it. I don't know what to do except put the damn thing through bankruptcy. The BS keeps flowing, but 1 million and more families have already been thrown out of their houses. Meanwhile Citibank is getting $269 billion in cash and loan guarantees. And this is still called capitalism? What a joke, this is the bailout empire of hyperinflation, on our way to a Weimar Germany or Fascist future. Tell Obama it is time to pull the trigger on the Anglo-Dutch oligarchy. It's way beyond real estate.

Real Estate and the Walk Away

Just walk away Renee. If you can't pay that mortgage, what can you do. There is a limit to torture, next stop is the Bronx Zoo, because they're after you. When things get really bad, it is time for a Forensic Loan Document Review. Get some help to get a real Home Loan modification. You can, for real, get Foreclosure Protection.

The script is that you bought into the real estate market to invest, or you bought your own house within the last ten years. You find it impossible or verging on the impossible to pay your mortgage payments on time. You also have little or no equity value in your home. This happens in many cases. People have gotten into Interest/Only loans and Adjustable Rate Mortgages. They have been having fun for 5 years, and now are getting hit with high monthly payments, and in addition have little or no equity in their home. They are having trouble selling for a decent price.


You have got nothing to lose and nothing to prove, and want to find a legal and easy way to walk away from this lousy investment. It really wasn't so bad, because they got to live in or rent out a house in many cases for 5 years or so, and now it is the end of the line. This is advice from my friends at http://www.youwalkaway.com and they mean business.

Collapse Continues at AIG

With the collapse continuing, the expenses are mounting. The news from Yahoo is that another $40 billion has been expended in the bailout of AIG insurance company. This money is then disappearing in the black hole of the Cayman Islands centered, no tax paying derivative credit swap market. Other derivatives may be involved as well. The real question is when is the system finally going to be put into bankruptcy and this foolish bailout game ended? Derivates don't exist, and can be legally made to not exist anymore, to be illegal, and to go away. Of course, the real estate, the mortgages are going south as well at a fast speed.

Real Estate Riot, Call the Police

If your neighborhood is being hit by a wave of real estate mortgage foreclosures, you may be close to a riot level. You may need those sexy manly, and fit women cops, wearing their5.11 Tactical Pants. Hey, cops can be sexy too. With the level of foreclosures hitting, it may be a mass strike, especially after the election of Mr. Obama.

These "cop" pants are marked down. For only $49.95 you can get, with free shipping, flannel lined tactical pants, from tactical pants usa. They also have uniforms, hats, gloves and vests at this too cool police uniform and wear site. Call the SWAT team over now.

Made $100 Blogging - in a Year

Yes, I made about $100 blogging, but it took about a year. Whether it has to take that long or not, I don't really know. However, Dragon Blogger says that he did much better, making $50 in a month. I hope you can do as well, otherwise the blogging financial bubble, in terms of real results, is a lot worth than even the real estate bubble. I checked out Dragon Blogger's post and he has some interesting things on his blog, including a guide to use Twitter. Also, of note, is that if I include my sponsored posts, I probably have made about $50 in blogging on this blog too. Now if only the whole freaking financial system would not disintegrate. But that is inevitable. It can' be put back together, you can only create a new system, with the help of some advice at larouchepac. Check it out bros and sises.

Selling Real Estate got Easier

Selling Real estate just got alot easier, with your new website. That is what you want, and baby I got it. This is the free website to develop for you at Pink Paper and it is a lot of fun. You can upload the pictures of your houses for sale, put some links in and before you know it, you could be drawing lots of business.

Now if we could only get real estate back to reality. This bubble is going to have to be drawn down, that is an action that only the Congress and the Federal Government. I hope they do it soon, freeze some unpayable mortgages, keep the families inside. In the end it is better to keep the market up, by keeping people in their homes, than having a lot of crap and people dumped out on the street.

Crime and the Credit Swap Derivatives

The Credit Swap Derivatives, a form of insurance policy for bonds and other investments, is coming under the microscope for fraud. This is in the wake of the collapse of AIG insurance co., and its bailout by $120 billion or more by the US Government. AIG is being investigated, along with CDSs (Credit Derivatives Swaps) in general by the NY State Attorney General and federal prosecutors as well. On question being asked is if somehow the market was manipulated to drive down stock prices.

The cost of this protection, is called the "spread." At least I think so. Anyway, the spread got pretty bad on Lehman Bros bonds at a certain point before they went into bankruptcy, and were sold/given to Barclays Securities. One source said recently that Lehman Bros bonds are now going for 6-cents on the dollar. The situation has also deteriorated for the bonds, the debt, etc of Morgan Stanley and Goldman Sachs, though both of those companies are still in business under their own name.


According to the New York Times, Oct 20th:

"Collaborations between the New York attorney general, Andrew M. Cuomo, and the United States attorney in Manhattan, Michael J. Garcia, are not frequent, legal experts say. That suggests the two men believe the case is too big and significant to pursue independently. Representatives for both men confirmed their effort on Friday. The Securities and Exchange Commission is also looking into credit-default swaps."

When the swap prices went up, that helped make money for the people doing short selling. Then the question becomes, was there "manipulation." It seems that there is manipulation in this crap by definition. To force everyone to buy CDS over the last 15 years and then watch it crash is part of the game. Time to zero out and outlaw all of these speculative transactions called financial derivatives.

Ooh, oh, the fuzz are looking at the Depository Trust Clearing Corporation, Markit, and Bloomberg, the makers of the "Bloomberg Machine."

Nice to Choose Thinking , but it's Bigger

Nice idea at http://choosethinking.com/, but it's bigger than that now. We in the USA, and elsewhere need Lyndon Larouche's Homeowner and Bank Protection Act. The owner occupants should continue to make reasonable rental payments to the banks. These payments can be applied to their new mortgages later. The home prices should be allowed to continue to go down for a few years, till they settle down to a reasonable level. There is no reason to spend even $50 billion nationally to help satisfy and subsidize a bubble. Anyway, the derivative market will still be out there in the Cayman Islands, and other tax havens, to try to suck up money and create a new bubble, unless you let the bubble go bye bye.

Paulson's Gone Nuts, Wants to Bailout Hedge Funds

Paulson wants to bailout things, and creatures such as investment banks, insurers and hedge funds.
“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley (NYSE:MS - News) and Goldman Sachs (NYSE: gs)," Hugh Hendry, Partner and CIO at Eclectica said "It is unimaginable that they can be allowed to go, I suspect that they will be nationalized at some point today or over the weekend,"

This is so insane, that it may be necessary to throw Paulson, Bernancke and Bush into the loony bin as soon as possible, and for their own safety.

They don't seem to have the authority to do this crap. Better to cancel all of the derivative contracts, and shut down the global casino. These are the derivative side bets of bonds, stocks, currency exchanges, home mortgages, real estate, etc. How about listening to Lyndon LaRouche instead.

Austin Texas Foreclosure Action

Austin Texas Foreclosures action can be the time to earn some money. After all, a house in a reasonable neighborhood is not going to go down to zero value, it is going to continue to be worth something. Many banks have an REO department- which stands for "Real Estate Owned." These banks want to get some cash and get out of the housing market, so discounts off market prices are widespread. Check it out at Century21 Ripley.

There's enough Austin real estate to satisfy your investment appetite, at prices that you can afford. The chances of making 5-10-percent or much more, if you are patient, on your investment are good, either as a sale or a rental. Many people are renting for now, and moving to sell after things in the housing market settle down. An Austin Foreclosure could be your dream investment, even in these times of economic hardship.

Austin Texas, the capital of Texas is still a leading "live music" and club city, as well as the heart of a high-tech, computer job zone. So, you should feel confident in trying some of this Austin real estate It is a favorite city of a wide variety of personality types who have coined the slogan "Keep Austin Weird." Still, remember, that a city like Austin and Austin Texas Foreclosures are still deep in the heart of Texas.

The 7,000 Billion Bailout Plan

It seems the 700 billion dollar bailout plan has not made much of a dent in bailing out the financial sector, or getting the stock market to go up. How about a 7,000 billion bailout plan, or a 70,000 billion bailout plan. The sky is the limit if you want to bailout the derivative markets, the one's where AIG insurance lost all of its 80 billion, or whatever.

Or how about listening to LaRouche, and first going with the Homeowner and Bank Protection Act. Freeze the mortgages and mortgage-backed securities. Keep the banks capitalized by having reasonable rental payments on houses with unpayable mortgages. Then let's issue new credit at low interest rates for large infrastructure projects- that is maglev trains, roads, bridges, lots of rail, this highway society is just one big traffic game. Have a New Bretton Woods Conference about having stable parities between the major currencies. Maastricht in Europe is dead, France's President Sarkozy is looking for a way out, and so are sane Americans.

Police Gear to Handle any Problem

There may be a need for some Galco Holsters at your police department. With the current national real estate, mortgages and financial crisis, the future is uncertain. Galco holsters are leather gear that are worn on the belt or possibly the shoulder, to secure weapons. Tactical policewear items are those that help police to do their work in stopping enemy operatives. This can be anything from clothing, to flashlights, knives, bullet proof or other vests and specialty items. It is hard to describe all the gear available, so check out my friends at 511tacticaloutdoors.com, and free shipping. Let's hope the politicians settle things so things don't get too out of hand for the police.

Warren Buffet Demands Congress Pass Bailout

Not only does Warren Buffett Tells CNBC he wholeheartedly supports bailout plan but he had some additional off-camera remarks to CNBC's Becky Quick.

On camera, he told CNBC's Becky Quick over the weekend, "It's what I would do if I were there." Becky also notes that the SEC's "no-short" rules may have helped Berkshire Hathaway's stock price "get it up" late on Friday.

Warren noted that the peasants must give him and other billionaires what they want.
To paraphrase he declared:

You are my doggies. Without me, you would be nothing. Anyone who makes less than about $1 million a year, is a stupid piece of crap anyway. Or as my dear friend Marie Antoinette said, before she lost her head, "Let them eat cake." (spoof of Marie Antoinette, Queen of France). The government has bought the mortgages, bought the real estate, and now the peasants must be milked.

Derivatives according to Ben Stein,And Critique

special guest column from ben stein, and translation:


The headlines scream doom. There are endless references to the economic situation being "the worst since The Great Depression." Translation: We are about to go into a collapse like the 14th century Bubonic Plague, which is what Lyndon Larouche said.

First of all, all you have to do is look around you to see that in terms of daily life, we are not anywhere near The Great Depression. Unemployment is barely about six percent. It was 25 percent at the nadir of The Great Depression.

Translation: I am an empiricist idiot. Until I actually starve to death, I don't believe it will ever happen.

On the other hand, the losses in financial products have been devastating. The Dow is off 23 percent from its high in 2007. Financial stocks even after the recent rally are off staggeringly. The biggest insurer in America has become a basket case.
Most of all, there is REAL FEAR in the air. Decent, hard working people are terribly afraid as they see their life savings melt away. Retirement has become just a forlorn dream for tens of millions of Americans.

Translation: You must bail the banks out, and the hedge funds and all the crap. Nazi looting hedge funds have feelings too.

How did it happen?

Here s one big part of the answer. First, the alert reader will notice that Ben Stein said many times that the amount of money at risk in the subprime meltdown was just not enough to sink an economy of this size.

Translation: The mortgage collapse has always been a big red herring. That was the last desperate gasp to refinance everything.

Now let's get to the meat of the matter:

The crisis occurred (to greatly oversimplify) because the financial system allowed entities to place bets on whether or not those mortgages would ever be paid. You didn't have to own a mortgage to make the bets. These bets, called Credit Default Swaps, are complex. But in a nutshell, they allow someone to profit immensely - staggeringly - if large numbers of subprime mortgages are not paid off and go into default.

The profit can be wildly out of proportion to the real amount of defaults, because speculators can push down the price of instruments tied to the subprime mortgages far beyond what the real rates of loss have been. As I said, the profits here can be beyond imagining. (In fact, they can be so large that one might well wonder if the whole subprime fiasco was not set up just to allow speculators to profit wildly on its collapse...)

These Credit Default Swaps have been written (as insurance is written) as private contracts. There is nil government regulation of them. Who writes these policies? Banks. Investment banks. Insurance companies. They now owe the buyers of these Credit Default Swaps on junk mortgage debt trillions of dollars. It is this liability that is the bottomless pit of liability for the financial institutions of America.

Because these giant financial companies never dreamed that the subprime mortgage securities could fall as far as they did, they did not enter a potential liability for these CDS policies anywhere near their true liability - which again, is virtually bottomless. They do not have a countervailing asset to pay off the liability.


Now, we are about to have a similar phenomenon happen with commercial mortgage debt, debt from mergers and acquisitions, credit card debt, and car loan debt. Many trillions of dollars in Credit Default Swaps have been sold on all of this, and the prices of all of them have fallen and can be made to fall more.

As I said, the pit of loss is bottomless. Warren Buffett, the smartest man of all time in the world of finance, has called financial derivatives - of which Credit Default Swaps are a prime example - "weapons of financial mass destruction." And so they are. As with the hydrogen bomb, no one thought they would ever be used to end the world. But unless someone figures a way out - and maybe the new RTC is and maybe it isn't - we are in real peril. This should never have happened. Now that it did happen, should the taxpayer pay to make the billionaire speculators whole on their bets? What the heck is to be done?

Translation: We need a bankruptcy reorganization, but Ben is too much of a greedy pussy to admit it.

The Market Demands Surrender and Bailout

As Wall street stocks fell in early trading on Monday morning, investors demanded to know that they will be bailed out.

"you must bail us out"
"Say you're our doggie"
"You must bail us out"

Was a song sung, to the tune of "You Belong to Me" by pop singer Carly Simon.
Investors are relieved that federal authorities are taking action but still our insecure, since they know most of their investments are worth nothing, and our worthless toxic derivative junk. That is my they insist on being bailed out, particularly in MBS Mortgage Backed Securities in the Housing market, which continues to sink.

Meanwhile, Goldman Sachs and Morgan Stanley demanded to be changed to bank holding companies. This is to flaunt the destruction of the Glass-Steagall act, and the investment banks ability to rape and murder the deposit banks, merging and canoodling with them. And interest rates on U.S. Treasury bonds were at unbelievably low, for a three-month bill, of 0.93 percent Monday, down slightly from 0.94 percent late Friday. The Treasury's 2-year note's yield was at 2.19 percent, up from 2.14 percent Friday. The yield on the 10-year benchmark Treasury was higher, at 3.88 percent compared with 3.82 percent Friday. You must bail us poor little investment banks out!

Federal Reserve Meltdown- Credit DefaultSwaps Game

The Wall Street Journal says that the latest problem is the derivatives, and the credit default swaps (CDS). This is directly related to the bailout by the US Treasury of AIG insurance company.

Wall St. Journal says:

The latest trouble spot is an area called credit-default swaps, which are private contracts that let firms trade bets on whether a borrower is going to default. When a default occurs, one party pays off the other. The value of the swaps rise and fall as the market reassesses the risk that a company won't be able to honor its obligations. Firms use these instruments both as insurance -- to hedge their exposures to risk -- and to wager on the health of other companies. There are now credit-default swaps on more than $62 trillion in debt, up from about $144 billion a decade ago. One of the big new players in the swaps game was AIG, the world's largest insurer and a major seller of credit-default swaps to financial institutions and companies. When the credit markets were booming, many firms bought these instruments from AIG, believing the insurance giant's strong credit ratings and large balance sheet could provide a shield against bond and loan defaults. AIG believed the risk of default was low on many securities it insured.
As of June 30, an AIG unit had written credit-default swaps on more than $446 billion in credit assets, including mortgage securities, corporate loans and complex structured products.

What this means is that Obama and McCain are both failures as presidential candidates. Can McCain shoot caribou from the air or not? Neither of these candidates have addressed any of the issues affecting the survival of the United States.

Bronx Real Estate Blues

In the Bronx private equity groups such as SG2, and Pinnacle have been speculating on rent stabilized buildings. The concern on this issue has been the potential for owners to cut back on services to buildings in order to handle their huge debt service (mortgage) payments and rising operating costs (e.g., fuel, water, insurance). The worst case scenario involves a building going into foreclosure -- a losing situation all around not just for the owner, investor and lender, but more importantly for the building, the tenants and the neighborhood. As we saw in the late 1980s with the rash of multifamily foreclosures in Bronx buildings overfinanced by Freddie Mac, these properties often fell into serious disrepair and communities. The owners of the Riverton, a large middle income and mostly rent stabilized housing complex in Harlem, are warning their lenders that "they are in imminent danger of defaulting on their mortgage." While a number of small Bronx apartment buildings (6 - 15 units) have already gone into foreclosure in recent years, the Riverton may signal a wave of larger defaults. The recent disclosure that the owners of Riverton Houses, a 1,228-unit apartment complex in Harlem, might default on their loan has shocked the real estate industry. And it has raised fears about other apartment building deals from the not-so-distant past, when the frenzy in the market was reaching its peak. The strategy in these types of investments has been to achieve high levels of turnover in apartments (i.e., force/encourage as many tenants to move out as possible, especially the ones with lower rents) in order to take advantage of rent stabilization laws that allow for a 20% increase in an apartment's rent upon vacancy. That's how you terrorize and kill people, get them out, and make money, but now the mortgages are going south too.

After the Fannie Mae Gobble Up

Run, Run, Run,
Let's Have a lot of fun.

Kansas Bankers Surety Corp., of W Buffet's Berk. Hath. has terminated its "excess deposit insurance" plan by which it insured bank deposits above $100,000. It seems Buffett fears 1,500 U.S. banks failing in the near future. And there are fourteen U.S. regional banks, that have at least 5% of whose core capital was now-worthless stock of Fannie Mae and Freddie Mac; and Lehman is near the end after it reported a $3.9 billion second-quarter loss and started setting up a separate unit to try to auction off $30 billion in commercial mortgage-backed securities. The amount reminds a lot of Bear Stearns, and the sell off of Merrill Lynch of MBS at 20 cents on the dollar--after having to loan the buyer the money, so it's said.

Rumors say the likely "receiving bank" for the remnants of Lemon Brothers is Morgan Stanley, and the next step is Davey Jones' Locker. Washington Mutual, the country's biggest S&L with over $250 billion in deposits and a totally toxic book of mortgage "assets," was placed on probation by the Office of Thrift Supervision. With American voters waking up to the fact that trillions of their tax money has just been pledged by Treasury Secretary Hank Paulson, bank runs are on the way.

The Cracking Point on the Real Estate Bubble

Current estimates are that the national average price of heating oil will be $4.35 a gallon this Fall and Winter, with a typical house easily using 1200- 1500 gallons through the cold months in the Northeast and Midwest. In the past people could get credit for one year based on their equity. However, now in the northern states, the number of people qualified to get a loan to heat their homes in the winter is collapsing. This is on top of the home mortgage and real estate bubble collapse, and 3 million households ready to lose their homes.

Lyndon LaRouche pointed to the fact that the cracking point politically will be when people, especially in the northern states, have to sign contracts for heating oil.
LaRouche stressed that you have to look beyond "this week" into coming weeks. "The guy in streets doesn't think ahead. But in the coming weeks there will be a qualitative change in the perceived situation. This is going to hit hard in October."
The soft parade has now begun for the collapse of people's economics and the USA economy, unless we get the Homeowner and bank Protection Act.

Cheney's Real Estate Grab in Georgia Repub.

This Report from Der Spiegel, a magazine in Germany that exposed Saakashvili is very important.

There are some reports coming from European monitors of the peace in South Ossetia. It is possible that their reports, which now leaked out of the OSCE center in Vienna, also included information about wiretapped phone calls of the Georgian leadership. One that is familiar with these reports personally, summed up the assessment in the following way: "Saakashvili lied 100 percent to all of us, the Europeans and Americans alike." The Georgians are provocateurs and liars. They are the ones who attacked South Ossetia, not the Russians.

"At the same time [that governments were preparing the EU special summit], several departments of the German government in Berlin began voicing doubts about the credibility of this presently most problematic friend of the West." The Russian tanks were on the north side of the Roki Tunnel, when Georgia attacked. That has been told by military observers of the Organization for Security and Cooperation in Europe (OSCE), who were in Georgia.

In a preview of Dick Cheney's visit to Georgia this week, "it is mooted in Washington, DC, that he, who claims wanting to solve the conflict, is one of those that orchestrated it. One of his most experienced advisors, Joseph R. Wood, was in Tbilisi shortly before the Georgian Army attacked. That was confirmed for the first time last week by Cheney's office." So the question is, why do the neo-cons and their British buddy want to crack the Russians and humiliate them.

Mered California Real Estate Down Again

In the town of little Merced;
The real estate market is so dead;
Can you diiiigggg it yaah;
The bank-owned foreclosures on the market;
All the sharks turned into minnows,
And be Eaten yaaah;;
And then along comes Bernancke, eeey;
He thinks keep lower interest,
Will somehow revive the dead corpse anyway;
But, with the credit crunch and the bownders and the downers;
Don't have much to ssaaay;
Man, I sure did like it a bunch;
Now, my empty cup is real bitter a punch;
ba,ba,ba,ba, Wap do Wahhhhhhh!

(spoof- song- The Association- Along Comes Mary)

The New York Times has a great article on the real estate market in Merced, California, in the center of the collapse of the real estate market. In the ruin of the housing market, what is left of the market is dominated, 75-percent, by bank-owned real estate that is housing that has already been foreclosed and now is on the real estate market. The scam seems to be that you abandon your mortgage, then move into a rental for less than half the price, say from $3,200 to $1,400. Why don't we just freeze the mortgages and give these people a rental payment scheme, until all these ridiculous mortgages are defleated back to reality.

The Al Gore Movie- I Owe My Soul to ...

Yes folks this is the Al Gore movie:



16 tons, and whadda get;
Another day older and deeper in debt;
St. Peter don't ya call me, cause I can't go;
I owe my soul to the company store;

(traditional ballad)

That song is at the end of the 22 minute video. By the way, the Gore family did buy a huge coal mine with semi-slave labor to inspire that song, way before Al Gore became a "greenie."

War and Real estate, from USA to South Ossetia

The countdown is on for World War III, unless someone decides to stop it. That is what Georgia's Saakashvilli's attack on South Ossetia, and Russia means. Note for some background, check out the June 20th 2008 EIR:

"EU leaders have stepped up their challenges to Russian interests... eclipsing the United Nations in places where the UN, or Russia under a UN mandate, has played a role since the 1990s. The result is an aggravation of tensions that threaten to pull Russia's southwest border areas, especially the Caucasus region, into a general escalation of warfare across Eurasia," she wrote.

Under EU Secretary General Javier Solana's direction, the EU set up a diplomatic group which traveled to the autonomous regions of Transdniestria, in Moldova, and South Ossetia and Abkhazia, in Georgia, and arranged visits to Brussels and London, by leaders they were cultivating from these so-called "unrecognized republics." In this effort, the EU group has been working closely with Georgia's fervent "Rose Revolution" leader, President Michael Saakashvili, who himself proclaimed last May: "We are the fighting ground for a new world war."

Will Obama and Mccain give a damn to stop this game, or can we get some one else at this late date to run for President. See what the falling real estate and mortgage markets are doing to leaders' minds and the strategic situation?

The Real Estate Soft Parade is Coming

The Soft Parade has now begun.
Crashing mortgages, everyone;
Bailout attempts to no purpose yet;
But, Barney Frank and Paulson still say,
That we're all set!!

Merrill Lynch writing off 80-percent;
Of their Mortgage Backed Securities;
The rest are waiting for a Federal bailout;
I think this collapse is getting, you know;
A little, bit, brrrrrr, furry!!

Time to Get the Homeowner, Bank Protection;
Listen to LaRouche, known as the Old Greezer;
Need a four-powers agreement now;
For a New Bretton Woods or bust,
Reorganization of the system;;

(spoof music, the Doors, Soft Parade)

Yes, the Geezer is right. We need the Homeowner, Bank Protection Act. We must freeze the mortgage, just have reasonable rental payments. The MBS will have to be written off, it is largely worthless in any case. Look what happened, Merrill Lynch sold off its Mortgage Backed Securites, and CDOs for only 18-cents on the dollar, and that part is just looking for Barney Frank's and Hank Paulson's bailout.

Merrill Lynch to Lone Star-- and the money game

When the $30 billion of securities were sold to Lone Star, for 22 cents on the dollar, the world was shown something totally frightening. The system is gone. The paper is getting devalued and being passed around and around. Does that change anything? They speculate and pay 22-cents on the dollar.

They are just betting if they can get the government will bail them out. By the way, Lone Star has been accused of various crimes in its speculative deals in Korea.

Naked Short Selling targeted by SEC

Yes, it's 30 days in the hole for naked short selling. This is a breakthrough of sorts, and will help 19 financials, like Freddie Mae, Fannie Mac, Lehman Bros, and Morgan Chase, not to mention UBS. The point is we got to get back to regulation now. Here is an interesting pose from the Paul Weiss law firm. And then, of course, we need to raise interest rates, like LaRouche says to 4-percent at least, and to implement the 2-tier credit proposal. That is 1-2-percent credit to needed infrastructure projects, through a national bank Alex Hamilton, FDR type mechanism. And yes, the paying of rent, instead of bankrupt mortgages, to stop the fall of the housing bubble, to the banks.

Hey Indy Mac- You Ain't a Coming Back!

Indy, Indy hey Indy Mac,
You ain't a coming back;
Mortgage, tell me mortgage,
your mortgage's going bad;
That's not the worse you had;
Hey now Indy!

With the collapse of the California-based Indy Mac. It was taken over by the FDIC. The soft landing is over, the party is over, time to get a bankruptcy reorganization and save the people. Also, note that this was a hard landing, a crash, not a semi-disguised crash like the Bank of America takeover of Countrywide and the Chase takeover of Bear Stearns. And this is a big one, at $32 billion in assets, the first or second biggest bank to collapse-- ever.

Some Great Blogs on the British Empire

Most of the blog talk is about the history of the British Empire, but the problem is the British Empire still exists as the Commonwealth, and as the offshore financial system based in London. About India see this one. It's something about a book about Dickie Mountbatten, the British Viceroy of India. After all, Empire is the ultimate real estate game.

Stem Cell Research and C'elle Stem Cells

The possibilities of harvesting women's menstrual blood for medical uses are incredible. Imagine, getting stem cells, without the problems of fetuses beng used as a stem cell source. Read the press release to learn more:


OLDSMAR, Fla., July 7 /PRNewswire-FirstCall/ -- With today’s hectic lifestyle, where most women are juggling careers, family, relationships, and a host of activities, the idea of possibly facing a serious illness in the future is not something that readily comes to mind -- especially when a woman is in the prime of her life. But what most women don’t know, is that the key to treating a number of possibly life-threatening diseases that she, a parent, a sibling or even her children may face in later years, such as osteoporosis, heart disease, stroke, Alzheimer’s and Parkinson’s disease, may be found within her own body -- in vital stem cells, which can now be harvested from her own menstrual blood.

Now, thanks to the revolutionary research and technology of C’elle, a service dedicated to providing women with a safe and easy method of collecting and preserving stem cells found in her menstrual fluid each month, even the busiest woman can take control of her future, right in the privacy of her own home. With C’elle’s non-invasive collection process, menstrual cells are processed and cryo-preserved (stored at a very low temperature) for potential cellular therapies that may be used in the future. These self-renewing cells one day may even be used for sports medicine or cosmeceutical treatments, such as anti-aging therapies.

"C’elle enables and empowers a woman to take control of her future health, and possibly of those genetically closest to her, in a fast, painless and stress free way," said Michelle Kay, Marketing and Sales Manager for C’elle. "We live in exciting times, as science and technology are discovering how extremely valuable menstrual blood stem cells really are, and the enormous treatment potential they represent for future therapies. C’elle’s ongoing research is supporting these promising findings."

For more information about C’elle, please call 1-877-892-3553 or visit www.celle.com.


CNNMoney
carried this press release, along with other media. The key advantage of the C'elle stem cell is the ease of harvesting. This is much easier than taking stem cells from the bone marrow. The menstrual cells are harvested and put in a special container by the woman, and then shipped via Fedex and cryogenically, that is at a super low temperature, stored for future use.

It may take a fairly long period before therapies for the stored C'elle stem cells are available. This is still a matter of intensive research. Heart disease research, diabetes and nerve degenerative diseases are possible diseases that could be treated in the future by therapies using stem cells.

You can also store stem cells for other members in your family, including parents, your brothers and your sisters. You may have Alzheimer disease, or heart disease running in your family. These stem cells are in the future, and they could potentially cure all sorts of illnesses, including genetic ones. An annual stem cells plan, one-time, costs $699, plus after the first year, a $99 per year for storing the stem cells in a cryogenic manner.

C'elle stem cells are a variety of adult stem cells. Adult stem cells have already been used for therapies after a stroke. Many therapies are being developed. It is hard to say what therapies will be available in the future. Since a woman stops menstruating by about 45-50 years old, this decision to save adult stem cells from menstrual blood needs to be made in advance. Planning ahead is essential in this matter, because when faced with a medical crisis, it may be difficult or impossible to get stem cells that are family related, and have no danger, or low danger of being rejected by the body in which they are used. So plan ahead by getting the stem cells you are your loved ones may need as soon as you can.

Peter the Cheater Having Fun, while Real estate goes down

Peter Cook, aka, Peter the Cheater is having fun, while the real estate market continues to crash in the Hamptons. Luckily, we have the distraction of watching him seduce borderline jail-bait (18 year old) girls. I have trouble having sympathy for former model Christine Brinkley, I guess it must be tough to have it so public. But, didn't she ask for the trial to be public? Crazy.

Anyway, the Sag Harbor and Hamptons real estate, in the Peter and Christine playground is crashing. Lots of million dollar and multi-million dollar houses were bought using exotic, Adjustable Rate mortgages (Arms). Now the buyers are losing their houses, and their ARMs.

Is U.S. Inflation Only 4- percent?

Is U.S. inflation only 4-percent? Is that possible. Let's take an "average" family in Ohio, say outside Cleveland. The man makes $40,000/year, and commutes 300 miles a week, in a 15-mph car, a small SUV. That's 20 gallons of gas, soon to be $5/gallon, or $100 a week, $400 a month. The wife works part-time, makes $20,000, watches the 2 children, pays $600/month daycare, when she can't, drives 20-miles a day, or about 150 miles a week, in a small car, 25-mph, or 24 gall a month, or $120/month. Then there is heating oil which is going to double, say for another $100 a month, including more expensive electricity for air conditioning. Say half of the gas is inflation, from $2.50/gallon. So they will pay about $310/month or almost $4,000 a year more, with an income of $60,000. So that is a direct increase of costs against income, of 7-percent. Add another 4-percent because of more expensive transportation of food and other goods by trucking that also uses gas. So this typical American family is facing 10 to 11-percent inflation, while the so-called official inflation is only 4-percent.

That's why the real crash is here. Plus, because of the crash of real estate, mortgages and housing prices, their home equity value has gone down.

I Want to Get Away, Airlines can't fly me

I want to get away;
But, there's no airline to fly;
Yeah, Yeah!
The infrastructure's gone;
Yeah, Yeah!

(spoof; I want to get away)

Yes the infrastructure is being destroyed. the American airlines, after years of ridiculous competition and deregulation are shutting down, consolidating and merging. You can't fly to Toledo, Ohio and 100 other cities on Continental, or in many cases, any other airlines. The high oil price was just the last nail in the coffin. and why we need a New Bretton Woods and a new F D Roosevelt infrastructure program.

Hey Hey We're the British Oligarchy

Hey hey, we're the oligarchy;
People say we don't exist;
But now that the system's crashing;
Yooh, we're getting really pissed;

Hey, hey we're the British;
London banks are still are home;
We run finance from the offshore;
We like to pretend to be the queen's drones;

(Hey, Hey We're the Monkees, the Monkees, Spoof)

As the oligarchy runs the price of oil up and now more and more, food prices, it seems that Prince Phillip, George Soros, Al Gore and other British, or Anglo-Dutch agents are coming out of the closet. Like George Orwell said in his anti-hero book, "1984" the idea is to rule the world from little tiny islands like the Cayman Islands, fifth biggest financial center in the world, OK? That is why there are riots in Argentina, against the government there, trying to RAISE food production.

Lehman the Next to Bite It

Yes, the stock of Lehman Bros. has been going down and they could be the next to bite the dust. And it is coming soon. The MBS, Mortgage Backed Securities situation is getting worse and worse. The oil price situation may go down soon, it is a question of guts. If the Saudis announce that they are producing another million barrels a day, then things will shock the speculators. Really, the whole system needs a bankruptcy reorganization.

Death of a Lehman Bros.

The coming DEATH of Lehman Bros. is an orgy about to happen. It is about to join Bear Stearns in the collapse cloud in the sky. It died from many things, including the MBS, Mortgage Backed Securities, the main dispute is the manner and method of execution, so that Lehman, along with its favorite pimp, Felix Rohatyn, can have a good and comfortable death.

Having Lehman's stock drop to 1/100 of its previous value and then being bought up with Federal Reserve money by one of the big players, like what happened to Bear Stearns is a possibility, but it would not be the one that the players want. Too many corpses are being left out on the front door step, and it still costs money that eventually, allegedly has to be paid back.

But, more exciting may be to have the Federal Reserve itself by up and masticate on Lehman. That already is what the Bank of England did with the bank and real estate firm known as Northern Rock. Isn't that exciting, nationalization is about to hit neo-con America.

Samuel Bodman is a Disgusting Slut

Yes, Samuel Bodman is a disgusting slut. At the meeting of G8 energy chiefs in Japan, he did his best to make sure that oil prices go over $150 a barrel. He knows he's a disgusting slut. He is covering for the London Oil speculators, and instead blaming rising oil prices on India and China. What a disgusting slut. The real estate money from the collapsing Mortgage Backed Securities game has gone into the commodities market to determine whether you live or you die. That is the short answer to why the economy is being destroyed, till we get a stabilized monetary system and some great projects built.

Oil Up due to Mars Landing

Anxiety about future petroleum use increased due to the unmanned NASA landings on Mars. Though the housing market and real estate are down, money has fled to the commodities markets like oil. Oil is still over $133 per barrel over persistent worries about Martians being upset over the recent landings by NASA vehicles on their planet. London is on ICE, as in ICE futures markets with sweet Brent crude over $132.50.


Moves in the Cayman Island to declare the US Dollar designer toilet paper, have resulted in falls in the dollar and rises in oil prices as well.

Consumer confidence fell, as the latest crop of Chinese electronic devices continued to fail and be returned at PC Richard and Circuit City stores for a refund.


If this post strikes you as slightly idiotic, see larouchepac for some reality.

Real Estate Collapse all over the World

Yes, real estate prices are collapsing all over the world. From Dublin, Ireland, to Spain, to some other interesting places. It's amazing what crazy speculators would do once they heard that the US market was freezing up. International speculators were buying houses in Eastern Europe and Russia. Activity in Southern India and they say even China is reported.

Why did it happen? The conventional explanation is because the subprime, ARMs, and other exotic mortgages were introduced. But, let us have it the other way around. The exotic mortgages were introduced, because the real estate bubble was ready to collapse already about five years ago. So desperate financiers introduced all these exotic mortgages to keep the game going for another round. Ha ha, it shows you who the real suckers are, the American and other public blocs of citizens.

The Fight for Food

The fight for food is beginning to impact Hillary Clinton's campaign. They have so much momentum now, that even though they may lose, they are not giving up, and fighting all the way through to the Democratic Convention.

At a rally on a farm in South Dakota, Hillary Clinton was asked how she would respond to the call by Helga Zepp LaRouche for doubling world food production. Hillary had a very serious response, and cited the need to immediately make a national emergency effort for Haiti, with modern US agricultural methods. For more see here, about the food shock.

Still Slugging in Santa Fe, New Mexico

They are still slugging it out in Santa Fe. Yes, the economy is tight, but there are still lots of people who would like to enjoy the beautiful country and climate around Santa Fe NM land. And you can get the best listings of available houses and properties at Santa Fe New Mexico MLS.

Buying real estate in Santa Fe has never been easier. Santa Fe is known for its warm and dry climate and its nearby National Forest. The arts are properly worshipped in Santa Fe, which includes modern art, but also clinging to Native American and Hispanic traditions. Golf communities, ranch communities and horse country round out the scene. Check out Las Campanas, Eastside and Canyon Road houses for great Santa Fe opportunities. Now if we only still have a financial system. Oyy!

Why is Oil so Expensive?

Good question. Yes, Iraq got its productive capacity halved by the war and the last five years of fighting. But, Iran, S. Arabia, Kuwait, etc are still on full production. Despite some problems in Nigeria and Venezuela, things seem to be going good there. Actually, the dollar, since 1999, has fallen 300-percent.!!

We need a new team, Homeowners and all

We need a new team, not only for the Homeowner protection act, but for the whole shebang. Now, that Bear Stearns has died, other things are going down, like the Barak Obama campaign. It is time to get back to the future, about assembling a bi-partisan team, around Hillary Clinton, for example, that can take the United States away from the brink of depression and war. That way, the Lisbon treaty for one world dictatorship in Europe can also be short-circuited. If the United States functions, then the British themselves will have to abandon their "Fortress Europe" operation.

Looking for New Fields of Real Estate?

The American market for real estate seems to be down for some time to come. The Western European market, particularly the Spanish market doesn't seem to be doing too much better. Perhaps you can try your luck at East European Real estate . Things have changed a lot now over 17 years since the fall of the Soviet bloc. Real estate in Eastern Europe may be a lot more inviting than you think.

Be careful to get your time and currency units straight when you go into the Eastern European property market. A two story home on the Bulgarian Black Sea coast may sound ideal for Euro 200,000. Remember that at current exchange rates, that is equal to almost $300,000. It's in a new complex, and is a duplex on two floors, with a total surface area of 168 sq meters, with three bedrooms and a living room. Recall at 100 square metters is about 950 square feet, so 168 square meters is pretty big. This is in the town of Dobric, Bulgaria.

In Kiev, in the Ukraine, you can buy a truly huge apartment for only Euro 557,000, or figure that must be for about $750,000. It too is a large flat, at 177 square meters. This charming flat is in a downtown building on Reytarska Street, and can also be used as an office. This could be some wild speculation, unless you are planning to move there.

Mugabe against the British Real Estate Grab

Why doesn't the whores of the media tell the truth? The attempt to oust Mugabe of Zimbabwe in an "election" is nothing but a giant real estate grab. Here read this slug from larouchepac:

Mugabe Tells 15,000 Cheering Supporters: 'Down With the British'
Increase Decrease

April 18, 2008 (LPAC)--Zimbabwe's President Robert Mugabe blistered the British at an Independence Day rally attended by 15,000 in Gwanzura Stadium, Harare today. Some excerpts follow.

"Today, we hear the British saying there's no democracy here.... We, and not the British, established democracy on the basis of one man, one vote.... We brought it through the gun.... Beware. Be vigilant in the face of the vicious machinations of Britain and its allies. Yesterday they ruled by brute force. Today they have perfected their tactics to a more subtle form by using money literally to buy some people to turn against their government. We are being bought like livestock.... What a shame that you are accepting to be bought so cheaply when we have a painful colonial history which should teach us otherwise.... Freedom did not come on a silver plate. Zimbabwe was once usurped by imperialists who seized it like robbers, but we got it back and we are proud to be Zimbabweans, not Rhodesians; Africans, not British. We were incarcerated and died for this country during the liberation struggle.... We should not let our children down by dropping our guard against imperialism, British imperialism, which is surreptitiously and clandestinely weaving its way through our society, trying to divide us." The opposition wants Zimbabwe to "go back to white people, to the British." [In the 2002 election, the opposition MDC explicitly allied itself with the European -- mainly British -- commercial farmers.] "Zimbabwe will never be a colony again. Never shall we retreat.... Down with the British. Down with the thieves who want to steal our country...."

Perhaps the reason they cannot get their Orange revolution apparatus in the street is that the British whores faked large parts of the election.

Is it about Sex, is it about Jesus Christ?

I am looking at this blog, A Tic In The Mind's Eye and I am a bit bewildered. First of all, I can't see his sexy Obama girl video, because that is on a new computer program that I don't have the software for. Isn't that weird?

There is a lot of spiritual stuff on this blog. As for the quote from the Dalai Lama, I am really not down with that, and then later it turned into a Groucho Marx quote. All this stuff about prayer and meditation, often it seems to be an entry point for a British agent operation. After all, the Dalai Lama may be looking for a nice moist entry point in a young monk's real end. That kind of entry point, indeed.

As for Christ, it sounds nice:
Let the rich man provide for the wants of the poor; and let the poor man bless God, because he has given him one by whom his need may be supplied. Let the wise man display his wisdom, not by mere words, but through good deeds.

But, why do they starve the poor all over the world to death? Yeah, and now they turn the food into bio-fuels, for the joy of bio-fascists like Al Gore.

British Empire Got to Go, Not Mugabe

It's time to tell the truth, it's the British Empire that has got to go, not Mugabe of Zimbabwe. These people with all their talk about the election are so full of crap. They are just resorting to their usual tactic of buying elections, and buying whole countries. Luckily, there are a few American revolutionaries still around like Robert Mugabe.

It's bad enough to have a real estate bubble without trying to buy and sell whole countries.

Do You wanna Blog?

I am blogging to people all over the world. And what do we blog about? Things like
people, things, movie, music, series, my life, my feeling, my mood, food, entertainment, technology, business, money, travel, food, blog and all that. That can be boring if we are living a normal life. Maybe if we were a sex goddess or a Hollywood Movie actor it would be more interesting, but we are just ordinary people.

Anyway this blog I read is by a girl in Malaysia. I wonder if they have a giant real estate bubble there too? Who knows the whole world is going crazy until they go back to Franklin Roosevelt type policies and really back to the American Revolution. And kick people like Gordon Brown back to little England.

Home Owner and Bank Protection Act Now more than ever

The crash of housing's in that direction;
The homeowners need some protection;
don't want the cities filled with homeless;
The oligarchy is totally clueless;
Just like a tatoo;
The system is through;

(spoof- Just like a Tatoo- Jordan Sparks)

Yes, we need the home owner and banking act from Larouchepac now more than ever. Hillary Clinton has gone at least part way with her proposed freeze of mortgages at least for 90 days, and a five year freeze in the rise of Adjustable Mortgage Rate Mortgages' rise in interest rates.

That is why Hillary is getting such bad press and the media seems to "love" Obama. They don't love Obama, they support his job of getting rid of Hillary, which hopefully won't happen, and then having Mr. O. scandalized into oblivion. Ever heard of the Rezko chicago trial, also real estate related?

A very sweet Blog from a California Filipina

Let's take a look at http://anemptycup.blogspot.com/2008/04/enchanting-paradise.htmlwhich is a new blog that I am looking at. It is written by a woman from the Philippines that just got married last year. She lives with her husband in California now.

This post that I linked to describes a resort area in the Philippines called Boracay, which is a developed island now filled with tourists. The pictures of tourists, little fishing boats, hotels, and sunning on the beach really look inviting. Especially since I am stuck in New York and never go anywhere. I wonder what the real estate prices are like on Boracay, Philippines.

The blog also has a link to her eBay store, where she sells a few different things, including rolls of Wheat Head US Pennies.

The Casino of Housing coming down

Worthless paper you're caught with;
Until it spins down to the African sea;
You can have cash, if you beg real hard;
And you're Morgan Chase or B of A or Citi;
Yes, Redwoods talk to me,
Say it plainly, the auction-securities,
Are worth less now, then when they were trees.

(Spoof, Jefferson Airplane, "the Human Name doesn't mean shit to a tree")


The Casino of housing is coming down for very simple reasons. The mortgages now are sold and packaged as Mortgaged Backed Securities. But, now, the banks buying them, or others, have little way to determine what these MBS (Mortgaged Backed securities) are worth. Perhaps the housing market will collapses a lot more.

This is why the collapse of the auctioned-backed securities is such a disaster. The big banks stopped running the auctions, and $380 billion of paper is totally frozen. It used to be AA paper, now it is totally worthless.

Looking at other Blogs and Graphics

A nice blog to check out is JesseNeo.com which is a very interesting blog and selection of ideas. You can get really cool myspace Graphics there with the whole cartoon thing done right. It's a very dreamy website and has lots of myspace-y stuff. It may be a good place to go, to get away from the collapse of the real estate bubble.

Jesse, also known as cartoonbabyboy , has been trying to work out what accent he has. He lives in Sydney Australia. He thinks he has a Chinese accent, but perhaps also a British and Aussie accent. How cute!

Jesse loves his mobile phone and is into dreams and stuff.He would like to have dreams and reality switch over and know the true meaning of life. He thought of a clone from a paradise he's had in his head for a long time. I don't know what else to say, it can sometimes to hard to learn what the younger generation (than an old geezer like me) is doing.

Real Estate Stuff and Foreclosure videos

Wouldn't it be a lot of fun to get real estate videos? Then you could learn about foreclosures and all sorts of stuff. Who knows? With all the prices of housing collapsing, maybe there actually is a new way of making money off the dungheap. I know it doesn't sound that great or virtuous, but here is something I picked up on You Tube.

Watch the latest videos on YouTube.com

Feds Don't Act, States do, on Mortgages

Various states such as Pennsylvania and Minnesota are taking limited action to slow down the pass of home foreclosures. Maryland's Governor O'Malley has signed a bill that a bank has to wait not 15 but 150 days to foreclose on a house, after the owner is in default. Foreclosures in Philadelphia, Pa. have been suspended in April. In Minnesota, there is a bill to let borrowers defer part of their mortgage balance for up to 1 year without being considered delinquent. It still isn't enough, unless the US Congress passes LaRouche's HBPA, Homeowner and Bank Protection act.

Paul Volcker not very Diplomatic

Former Federal Reserve Chairman Paul Volcker is now 80 years old and thinking about the future of the nation. He just spoke at the Economics Club of New York. The Bear Stearns bailout reached the edge of legality according to Volcker. Where can the nation go, if the policy now seems to bailout everyone and everything. The Mortgage Backed Securities were accepted by the Federal Reserve, in exchange for $30 billion in cash to, I guess, Morgan Chase, to "buy" Bear. Such a deal.

Loudon County, Leesburg, Va., Foreclosure Central

As Lyndon LaRouche predicted two years ago, Leesburg, and Loudon Co., Va. have become the center of the collapse of the real estate bubble. One out 60 households are in foreclosure, including $1 million "McMansions." These McMansion developments have had a delitory effect on the environment as well, where fields are not maintained properly, as the former farms were. Mice fill large areas and spread choice diseases such as Lyme disease, spread through ticks, vectored by field mice.

This area has tripled its population, but now Loudoun Co. Virginia has no industry, it is a pure bedroom community for Washington DC, AOL and various computer geek jobs.

Bear Stearns, they had you, you never had them

Bear Stearns, they had you;
You never had them;
They ripped you off,
Now you bailed them out;
So Bear now that you, have been eaten by Chase;
Goodbye, goodbye.

(spoof of John Lennon's Mother You had Me, I never had You.)

Bear Stearns has disappeared, but the problems that is caused live on. There is a tremendous amount of paper out there that was originated by Bear Stearns, not only sub-prime mortgages, but CDOs, CLOs and the whole alphabet soup. Now it is time to put the paper itself into a bankruptcy reorganization. The more we try to subsidize these deals and sell off the worthless paper, the worse for the real economy. If this doesn't stop, this could be a new dark age.

Want Some San Diego Cal. Real Estate?

San Diego California is a large US City not far from the Mexican border. Some people, for various reasons may even want to live there. If you want some downtown san diego real estate to play with, they got it if you want it. San Diego, Cal. is a city of over 1.2 million people, in a metropolitan area of 2.9 million. It is known for its 16 navy and other military facilities, its miles of beaches, and its border with the wild and woolly city of Tijuana, Mexico.

La Jolla foreclosures to invest in may be your cup of tea. Central San Diego coastal real estate includes the neighborhoods of La Jolla, Point Loma, and Pacific Beach. People who are facing foreclosure are advised by my friends to look at the website profundrealestate.com . Looking can't hurt, and a short sale is better than no sale at all and a seizure of your property by the feds.

Or perhaps you want pacific beach real estate to get a suntan. Who knows, there is little rhyme or reason in the real estate business today. Things go up, things go down, and it may still come around, who knows?

A Witches Brew of Scandal- and Hillary Clinton

The instant sex scandal against now ex- Governor Spitzer of New York may have one big objective- a hit on Hillary Clinton. This could have been the plan, one never knows. This is the big drawback of this whole FBI Homeland Security operation. There are huge files on politicians. Who gets to decide who to hit?

The Boston Globe found that there was a shift to "stand pat until the primaries are over," i.e. that the superdelegates were resisting the pressure to shift from Clinton to Barack Obama. New York Governor Eliot Spitzer, who endorsed Hillary Clinton in May 2007, was one of the superdelegates the Globe reported canvassing, and he said he was holding firm for Hillary Clinton. Spitzer was the state's leader among superdelegates, 42 of whom were for Clinton and only one for Obama.



The following day, March 7, Spitzer was notified by the FBI that he was to be brought down, and on March 8 the New York Times was given details to go with. The Times came out with the scandal on March 10, citing a Federal administration official "with knowledge of the governor's role" in a Federal investigation. The Times demanded Spitzer's resignation in editorials March 11 and March 12.



The Washington Post, controlled by Rohatyn-Lazard, "signalled" in a piece this morning that Senator Clinton and former President Bill Clinton should be asked repeatedly, while campaigning, about the Spitzer case. The Post spewed its venom on Clinton by presenting the Spitzer as a "bad-luck charm" for her.


The resignation of Admiral Fallon, a critique of Dick Cheney's Iran war strategy is another reminder of "other ways" of doing politics.

Good Credit Gone Bad

What happens when your good credit goes bad? You better get a bad credit card. That's right there are offers for credit cards for people with bad credit. What is that? Yes there are fees on these credit cards, but the APR on purchases can be as low as 9.9-percent. What is more, by having and using these credit cards you can reestablish your credit as a consumer and someone who pays their payments on a monthly basis. And that is how you can save you and your family from ongoing difficulties with credit.

The Physical Economy and the Green Machine

And if you put a solar mirror;
On your roof, will anybody care;
And you've just shoved into something creamy;
And your brain is beginning to tear;

Call Greenie, and the Global Warming...

(spoof: Jefferson Airplane, Gracie Slick singing, Feed your Head)

There is nearly a third more ice in Antarctica than usual. The Daily Express recalls the photograph of polar bears clinging on to a melting iceberg, which has been widely hailed as proof of the need to fight climate change and has been used by former VP Al Gore during his "Inconvenient Truth" lectures about mankind's alleged impact on the global climate, and points out that Gore fails to mention that the photograph was taken in the month of August when melting is normal. Or, that the polar bear population has soared in recent years.


It is nice to think what businesses there are in the global warming trades. You could start a business installing solar panels, and also be promoting solar energy. You could help householders put up windmills, or as they say these days, wind turbines. That would promote carbon free energy. Of course, the whole thing may totally be an exercise in futility. One of the best way for governments to encourage entrepreneurs to start green or any business is for the government to sponsor infrastructure projects as for an example, to build maglev trains.

More on Mortgages in the UK

If you think that interest rates will continue to go down, at least in the UK, you may be interested in a tracker mortgage. Of course, for the time being, the Bank of England has frozen the level of interest rates, but that could change soon. Due to the credit crunch, there is strong pressure to lower interest rates and to inflate the money supply, in order to get the real estate and mortgage markets somewhat liquid. Whether this classic textbook move will work is another question.

In the United States, a tracker mortgage, I guess, would be the same thing or similar to an ARM, an Adjustable Rate Mortgage. In any event, it is very interesting that these mortgages come in for as low as a 2-year time span. I guess that after the two-years, you have to get another mortgage. How does one decide whether to get a fixed-rate mortgage or a tracker? The bankers say it depends on what your atitude to risk is. Personally, I think it is a lot safer to get a 30-year fixed rate mortgage for the home that you purchase.

After all, you do need to be able to make a long-term household budget. You can not plan your expenses on the necessity for striking it rich or winning the lottery. And another factor is that even if interest rates go down now, who is to say what they will do in the future. That, probably is the reason that some people are attracted to a mortgage that also has a 2-year term. They feel that if interest rates start to go up again, they can readjust their new mortgage accordingly. However, this leaves out one very important risk factor. When money becomes tight, or even tighter than it is now, then it can become virtually impossible, say two years in the future to get a loan at all. That is why I favor the fixed long-term mortgage. Get a Free Mortgages Quote and find out what's right for you.

Spanish Banks and Real Estate Games

The Spanish banks are in a lot of trouble, with real estate, like banks all over Europe and the United States. They are papering over their books by creating new SIVs and then using them as collateral for new loans from the European Central Bank. What is in the SIVs? Who knows? This stinks of an Enron-type of game. Real estate loans that are of questionable value are sold to a wholly owned subsidiary, which puts them in an offshore SIV. When it collapses the ECB is holding the bag.

Spanish banker are thought to have been creating securities and SIVs solely for the purpose of obtaining cash from the European Central Bank (ECB), the Frankfurt correspondent of the French daily Les Echoes reported. The paper quotes Adam Slater, of Oxford Economics, as saying "The worries are on the fact that, in certain countries, banks are creating SIVs whose only purpose is their use as collateral at the special discount window of the ECB and to use these loans to prop up their financial deficits." And you thought Enron was over?

The volume of asset-backed securities (ABS) being used as collateral for loans from the ECB has been climbing, with ABS rising since September to 215 billion euros, or 17% of the collateral provided by borrowers to the ECB, up from 12% in 2006. Spain is also the location of a massive real estate bubble. Since last September, the Spanish banks alone represent 9% of the volume of refinancing conducted by the ECB, whereas they comprised only 4-5% before then, not a very healthy trend at all. Mr. Slater comments that when the real estate bubble pops, the collateral will go bad, if it hasn't already. Then the banks will need more and more collateral.

Instead of Getting Depressed about Real estate, try Plastic Surgery

The American singer Kelly Rowland has confessed that she had a "boob job" to make her breasts larger. I don't know why this is really necessary. Don't all the models want to be flat as a board? There is really so much fantasy going on in our society all the time. With the economy flat and ready to crash, a lot of people are turning their fantasies inward, from that great real estate deal to their body.

After all, if you are not going to become the great real estate wheeler dealer, why not look pretty? Get a Nose Job, Liposuction, Breast Enlargement (hopefully women only), anything as part of the game. With Kelly Rowland being a former member of Destiny's Child, wouldn't she want to be flat on her chest, to look more childlike? I guess when she left Destiny's Child, she stopped wanted to look lik a child, at least in that area.

The Obama Trial, More than a Real Estate Deal

The Obama trial is, sweeter than honey,
About that big house he has, who paid the money,
Before he starts on his change change rap;
How about a little respect?
(Yes, baby)

(spoof "Respect" by Aretha Franklin)



The Economist describes Tony Rezko, as ``one of Chicago's slimiest characters,'' in a city where ``corruption rivals deep-dish pizza as the local specialty.'' The trial of Rezko for attempted extortion, money laundering, fraud, and aiding and abetting bribery, is increasing the pressure on Barak Obama to have to answer questions he has so far avoided, says Economist, reviewing the Obama connections which have been trumpeted in the British press. While Obama has characterized this as a ``lack of judgment,'' the Economist says that ``even a hint of scandal can prove to be almost as harmful as the real thing.''

On the first day of the trial, one revelation of note, from FBI Special Agent Charles Willenborg, was that although in a 2005 interview, Rezko said he had contributed $500,000 to Illinois Governor Rod Blagojevich, internal documents credited Rezko with raising more than $1.4 million for the Governor. No indication yet of who got the unaccounted for two-thirds of the money. Did the Obama-tons get it?

And Obama, what about how Rezko helped you buy your big house?

A Look at Commercial Mortgages

The commercial mortgage markets are doing better than home mortgages in many cases. Especially, in the big cities like London and New York this is true. Money will still tend to be tight, with the fall of Northern Rock. Northern Rock's mortgages will still be circulated, but now they have in effect been nationalized by the British Government.

If you are in the market for a Commercial Mortgage , it is a good idea to get all the information you can to find out how to get the best mortgage as possible. Commercial mortgages span a large market from small little stores and pubs to renting and owning shopping centers and mega-stores. Likewise, there can be unexpected dangers. Even in a place like New York, NY, USA or London UK, it is possible to reach a point where there is overbuilding of office space. Seven of the eight big financial firms in New York City have taken big losses, and if they lay off employers they are going to tend to rent less office space where this is possible. Likewise, Mom and Pop stores are all very fine, but if the huge Target or Wal-mart is built in the neighborhood, that can ruin sales, and ruin the desire for people to rent stores in the area.

There are still plenty of people in small business or who would like to be in small business. These are the people who are interested in renting bed and breakfasts or stores, or if possible getting a mortgage on them

New York State Assembly Not Happy with Bloomberg

NY State Democrats have not been happy with mayor Bloomberg. Mayor Bloomberg, the want to be President or Vice-President of the United States, has been pushing his congestion pricing plan. This would charge anyone wanting to drive into Manhattan below 60th St or so, to be charged $8, and that is just to start. Looking at London, UK, these fees could rise rapidly once they are put in place.

There is legislation increase the tax on hedge fund managers and others who earn $1 million per year, from the current 6.85 percent to 7.7 percent, the New York Times reports. The legislation would produce $1.5 billion in its first year, from 26,000 New York State residents, for the State's General Fund, and, but its second year, the proceeds would be split between the General Fund and transportation infrastructure improvements--roads, bridges, and the New York City subway system (MTA). The Senate Republicans, whom Bloomberg has supported handsomely with donations over the past year, adamantly oppose the tax, as does Democratic Governor Elliot Spitzer, a member of Bloomberg's Rebuilding America's Future Coalition. Said Spitzer: "That [raising taxes on those who make $1 million/year] is not something we can afford to do now."

At the same time, the New York Times reported that it is none other than Mayor Bloomberg himself who is responsible for much of New York City's auto congestion. The Mayor's office has given out 142,000 (counting continues) parking permits allowing city employees to drive to work and park near their police stations, schools, etc. Bloomberg, who had promised to cut these free parking permits when he took office in 2002, instead failed to even take an inventory. Opposition is spreading to Bloomberg's new "Greenie tax." That's what you get when you believe in fantasies like Global Warming.

Telemarketing in the UK

Telemarketing is a way to get more leads for your business. Blueberry Marketing Solutions have defined their company as a "lead generator" specialist. They do the telemarketing work, so that your sales force can have the necessary appointment for your company to get real orders. With more orders you can get more revenue.

Let's face it, with the puncture of the real estate, being in business is getting more difficult than it used to be. Your company has to do a lot of work to get ahead. By having a Telemarketing service to generate lead, your more qualified sales people have time for face-to-face appointments. Your staff is kept pretty business delivering the products and services that your company offers anyway.

Telemarketing can also provide your company with appointment making, database cleaning, sales training and marketing research. So say if the Telemarketers are providing you with leads, that can be a tremendous service. Cold-calling is difficult and extremely time consuming. You can be the most trained person in the world and still get a small amount of results per day. If your company is somewhat known, if you participate in trade shows and the like, then these calls don't have to be in fact totally cold. If the initial contact is made by Telemarketing personnel who know how to generally talk to people, then recontacting the people who respond is a much simpler task.

Obama and Good Real Estate Gone Bad

What makes Obama do what he did;;
Getting favors from a con man;
Rezko and Auchi, the story will out;
Ruining Obama's campaign for Prez;

OK, let's hear it baby---

He's a man, he needs some stuff;
Will this scandal still be enough;
A real estate deal, just like any other;
But will this kill the campaign of the Brother?

-Good Real estate gone bad

(Spoof song- Good Lovin' Gone Bad- Bad Company)
Rezko helped Obama buy a big faux Georgian mansion in Chicago. Rezko in turn got his cash from the mysterious Iraqi-British Billionaire, Mr. N. Auchi. Mr. Rezko, going down in Chicago, got a break with a $3.5 million loan or grant from Mr. N. Auchi, an Iraqi billionaire living in the UK. Now it seems that the US press is beginning to dig up some dirt. This latest in from the Washington Times' Bill Gertz:

Gertz cited a 2004 Pentagon report, which described Nadhmi Auchi--the obscure financial angel for Rezko's deals--as a billionaire, "who, behind the facade of legitimate business, served as Saddam Hussein's principal international financial manipulator and bag man.'' Auchi has denied the Saddam ties, and says that his brother was executed by Saddam.

As quoted by Gertz, Auchi was accused in the report of "unlawful activities working closely with Iraqi intelligence operatives to ... arrange for significant theft from the U.N. Oil-for-Food Program to smuggle weapons and dual-use technology into Iraq,'' and to "organize an elaborate scheme to take over and control the post-war cellular phone system in Iraq.''

Furthermore, according to the Gertz account, Auchi was linked in the Pentagon document to British intelligence. Auchi has denied all the allegations in the Defense Department probe, although his links to "former'' top MI6 officials are confirmed by a search of public records of his companies and the Anglo-Arab Organization he founded. So, Obama could be out soon. The only question is will he succeed in his assigned mission to knock out Hillary Clinton first, and make a path for Mussolini Mouse-a-lini Mike Bloomberg?

A Look at Casino Reviews

As the economic system looks more and more like a Casino out of control, let's look at the real thing. In this case, that's online Casinos. Check out these online casino reviews to find out where to go to try your Lady Luck. You are going to win or lose a lot faster than if you invest in the stock market, but the principle of betting in the same in online casinos, and in the casino of the world financial system.

The biggest surprise is that somehow, some of these casinos are open to United States bettors, or so the reviews claim. This is strange, since the big news story of a while ago is that credit cards companies in the USA were being prohibited to send money to online casinos. According to the review, the Rushmore Casino is open to US bettors, see www.rushmorecasino.com . You can only collect up to $2,000 a week in winnings, and make deposits in your account of $500. They use realtime Gaming software, though they have had to improve their ethics, it seems.

Another casino to take a look at is slotsplus.com aka Slots Plus. They received rave reviews and also offer a $500 welcome bonus, presumably only for playing their slot machines. They also received high marks for security and fair play.

Finally, there is vegascasinoonline.com Vegas Casino Online, with a lot of flashy lights. They have 90 online games, a rating of 90 out of 100 for fairness, and up to a $500 bonus for betting.

In all it is amazing that there is so much gambling online that Americans can go to. See the casino reviews at www.pro360.com and please go ahead and try your luck is you dare.