Bernanke Warns Of Tough Times Ahead

| October 4, 2011

The Fed has used most of its tools (already) to help the economy. It said it expects to keep interest rates ultra low into 2013, maybe longer. Congress is tying to cut, not raise, spending. Europe is resisting bold steps to save its most troubled economies. The bottom line is a recession is on the verge (probably happened already) of seizing […]

This Explains It

| October 3, 2011

Hmm…Question: Why is Dexia in trouble? Dexia bank in Belgium has total liabilities equal to 180% of GDP of Belgium according to Harvey Organ.

Twelve Opinions From World Respected People About The Economic Crisis At Hand

| October 3, 2011

We should say this is a horrific economic crisis that’s about to get (out of) hand…..Debt is a very cruel master. It will almost always bring more pain and suffering than you anticipated. It is easy to get into debt, but it is very difficult to get out of debt. In the end, we will see that the debt-fueled prosperity […]

Dexia On The Brink – Moody’s Puts Dexia On Downgrade Review Citing “Deteriorating Liquidity And Worsening Funding Conditions”

| October 2, 2011

This is how depressions start, and don’t think for a moment that the United States doesn’t know it… mistake turns into many.  Europe has many.  It starts in Europe, then given time it moves around the world.  Dexia, one of Belgiums largest banks is tying its best not to go night night (no problem, the Europeans will […]

Citi Follows Bank Of America In Instituting Debit Card Fee

| October 1, 2011

It doesn’t sound like much to (all of a sudden) charge everyone $5 a month to use a bank debit card, but it’s the principle of the matter with the bankers becoming more hated by the day. To make things worse for this ill advised bankers decision, we have a tested model here…just look at Netflix, which instituted a […]

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