This Christmas, I ask all of you to give yourself the best gift in the world...Freedom.
Freedom from debt, and a desire to break the chains that shackle you.
Debt was seen as wealth for the past decade but the reality is it is nothing but slavery. Those who live above their means are destined to live beneath their means, and we have lived above our means for to long. Imagine what you could do with the money you made if you did not have a car payment, credit card payment, multiple credit card payments, heloc loan payments, or god forbid, a house payment.
What would you do if you could put that money to work for you? If you could use it gain interest and build wealth rather then pay interest that slowly leads to impoverishment.
It is time to save money, it is time to pay off debt, and it is time to break free of debt slavery.
Sunday, November 30, 2008
Posted by Chris at 9:29 AM
Saturday, November 29, 2008
Boom and bust is capitalisms summah and wintaaah!
The guy who made this video, Bruno Powroznik, is totally insane. However, this is perhaps the best explanation of inflation, boom and bust cycles, and why recessions are good for the economy I have ever seen.
Posted by Chris at 9:12 PM
Friday, November 28, 2008
It is a sad day when Americans are in such a rabid frenzy to buy cheap Chinese products, using borrowed money from financially insolvent banks, that they could care less people are being trampled to death beneath the grotesque white trash stampede they are a part of.
This is the last wretched breath of the greedy, ignorant, and debt ridden American consumer. May you burn in hell forever, and may your card be maxed out, and denied when you try and charge an ice water to it when you arrive.
Click here for the full article
(CNN) -- Three violent deaths in two stores marred the opening of the Christmas shopping season Friday.
n the second, unrelated incident, two men were shot dead in a Toys "R" Us in Palm Desert, California, after they argued in the store, police said.
The toy company and authorities said the California shootings had nothing to do with shopping on Black Friday, which is historically one of the year's busiest shopping days.
The Wal-Mart worker, whom authorities did not identify, was 34 and lived in Queens, said Nassau County police Detective Lt. Michael Fleming.
"This was utter chaos as these men tried to open the door this morning," Fleming said. Watch police describe the 'utter chaos' »
Video showed as many as a dozen people knocked to the floor in the stampede of people trying to get into the Wal-Mart store, Fleming said.
The employee was "stepped on by hundreds of people" as other workers attempted to fight their way through the crowd, Fleming said.
"Several minutes" passed before others were able to clear space around the man and attempt to render aid. Police arrived, and "as they were giving first aid, those police officers were also jostled and pushed," he said.
Posted by Chris at 7:48 PM
Wednesday, November 26, 2008
There is an old saying in the website industry, if its not pagerank 4... Its worthless.
Well today my friends, HousingFear.blogspot.com is no longer worthless.
We have achieved Page Rank 4!
I would like to thank all the readers who have made this happen :)
Posted by Chris at 6:09 AM
Tuesday, November 25, 2008
You take the blue pill, the story ends, you wake up in your bed and you believe whatever you want to.
You take the red pill, you stay in wonderland and I show you how deep the rabbit hole goes.
Remember all I am offering you is the truth... Nothing more.
Posted by Chris at 2:08 PM
Monday, November 24, 2008
The restless heart, the Promised Land
A subtle kiss that no one sees;
A broken wrist and a big trapeze
Oh well I don't mind, if you don't mind
'Cause I don't shine if you don't shine
Before you go, can you read my mind?
Posted by Chris at 8:30 PM
Friday, November 21, 2008
Check out some of the latest new articles on the real estate market:
South Florida has an 8 month supply of homes on the market
Price of Bay Area homes down 45% in past year
Median US Home Prices about to fall below 200k
So the Question remains... How close are we to reaching a bottom?
Posted by Chris at 9:06 PM
Ballot #5: Lizard People
This Beltrami County voter cast their ballot for Al Franken, but also put "Lizard People" as a write-in candidate, not only in the U.S. Senate race, but for several others. The county auditor/treasurer ruled that the vote should not be counted because it's considered an overvote. Representatives for Franken challenged that decision. (MPR Photo/Tom Robertson)
You have to love the voters of Minnesota.
Posted by Chris at 9:02 PM
Thursday, November 20, 2008
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Chase after the truth like all hell and you'll free yourself, even though you never touch its coattails.
Posted by Chris at 7:58 PM
Monday, November 17, 2008
There is an old joke among economists that states:
"A recession is when your neighbor loses his job. A depression is when you lose your job."
The list above shows the current unemployment rate, where as the list below shows the unemployment rate during the period of the Great Depression. If you look at Michigan you could see that were are basically already at a 1930 level of economic despair. Will the rest of the nation follow or will the Midwest enter a regional depression while the rest of the US just have a recession?
Posted by Chris at 7:29 AM
Sunday, November 16, 2008
WASHINGTON (Reuters) - World leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years and agreed to give emerging nations more say in running financial affairs.
The Group of 20 leaders from major industrialized and developing countries set out plans to toughen oversight for major global banks, study limits on banker pay and try for a breakthrough by year end in global trade talks -- all part of a roadmap to rebuild a financial system crippled by the credit crisis...
POWER SHIFT BEGINS
In what portends a major shift in the global balance of economic power, the G20 agreed to a place for emerging market economies on the Financial Stability Forum, where top bank regulators evaluate banking and market risk.
The FSF also won a bigger role in setting global financial policies and standards, which national regulators then would follow.
Posted by Chris at 8:56 PM
Wednesday, November 12, 2008
- In October of 2007 the Dow reached a high of approx 14,000 points
- The GDP of the USA is based on 70% consumer spending.
Are you seeing where I am going with this?
If a 70% drop in in GDP, and stock earnings from October of 2007 would translate into a 70% drop in the DOW, that would account for 9800 lost points. Is it that illogical to conclude that
if Americans stopped all consumer spending that the DOW would only be worth 4200?
Now, I don't believe that Americans will completely stop spending, but I do feel with a huge recession, and very probable depression on the way it is very reasonable to think that consumer spending will drop significantly.
Therefore, I predict that the stock market will drop further, and will not bottom out until it goes below 6,000.
This is not the end, its just the beginning of the end.
Posted by Chris at 7:46 PM
Tuesday, November 11, 2008
Monday, November 10, 2008
Are Americans waking up to the fact that a second stimulus check will simply be negated by more inflation? Maybe if we posted cute pictures of cats, and explained that the government is giving you a cookie, but will then eat the cookie with inflation. Maybe that will help Americans understand.
Posted by Chris at 7:41 AM
Sunday, November 9, 2008
Thursday, November 6, 2008
Tuesday, November 4, 2008
Sunday, November 2, 2008
If someone says voting for a candidate other than a Republican or Democrat is a waste of your vote they are lying to you. A wasted vote is voting for the lesser of two evils, or voting for someone who does not represent you. However, a real wasted vote is writing in a candidate, especially one who is not a registered write in candidate, because that vote LITERALLY will not be counted. That, my friends® truly is a wasted vote.
HousingFEAR is here to help you vote by state for the best candidate who supports the constitution by state ballot access. Please get out to vote, even though these candidates have a very low chance of winning, a higher than expected vote turnout for them can change the political landscape for the future.
If you are lucky enough to live in Montana or Louisiana, Ron Paul is on the ballot. Please cast your vote for Ron Paul. He is only on the ballot in those 2 states.
Chuck Baldwin is listed on the ballot in the following states below, please vote for him if he is on the ballot in your state.
Alabama, Alaska, Arkansas, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Idaho, Kansas, Kentucky, Maryland, Mass., Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Tennesse, Utah, Vermont, Virginia, Washinton, West Virginia, Wisconsin and Wyoming.
If you live in Arizona, California, Connecticut, Washington DC, Georgia, Indiana, Maine, New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, or Texas Please cast your vote for Bob Barr.
As John Quincy Adams said, "Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost."
Posted by Chris at 5:17 PM
I feel like we have not really learned much from the housing bust.
Politicians still talk about stabilizing house prices, as if affordable house prices are a bad thing. Banks who wrote horrible mortgages are getting bailed out, and mortgage brokers and Realtors are waiting on the sidelines, buying their time stripping, bartending and waiting tables awaiting the day when the next housing bubble starts and they can make their 100K a year being a parasite of the productive energies of the American people.
Americans are still greedy, selfish, stupid and addicted to debt.
Some things never change.
Posted by Chris at 4:14 PM