What makes this video so great is that it was made in 2007 at the peak of the stock market.
Saturday, October 11, 2008
The US Economy is a House of Cards
Thursday, October 9, 2008
HousingFEAR Quote of the day
"The U.S. consumer is now on the ropes. The only light at the end of the tunnel is that of the incoming train wreck.'' -Nouriel Roubini
Wednesday, October 8, 2008
Gold Ownership will be Illegal in 10 years?
This is the most important 10 minutes of of radio you will listen too.
"The government will make it illegal for American citizens to buy gold or foreign currency"
-Peter Schiff
John McCain Just made my Head Explode
Please watch 3:56->4:40
ARE YOU KIDDING ME?!?!!!!!!!!!!!!
This is the Republican Candidate saying this?
If McCain is president your irresponsible neighbor who took out a bad mortgage not only gets a lower interest rate than you. THE GOVERNMENT WILL SELL THE HOUSE BACK TO THEM AT THE TRUE MARKET VALUE, TENS OF THOUSANDS DOLLARS, IF NOT HUNDREDS OF THOUSANDS DOLLAR LESS THAN WHAT YOU ARE PAYING!
You get nothing for doing the right thing. Even though your home lost just as much value, you still get to pay the higher price at a higher interest rate because you were smart enough to buy a house you could afford.
Sorry, I can't write anymore, my head just exploded...
Tuesday, October 7, 2008
History is Repeating Itself
Herbert Hoover was one of the top 10 worst presidents this country has ever seen. His actions helped exacerbate the Great Depression, and it was because he ignored the good advice given to him by Andrew Mellon, His secretary of Treasury.
Read the following quote from this Forbes Magazine article very closely;
Mellon remembered 1907 and 1920 and knew that a key to capitalism is allowing badly run businesses to go bust in a down cycle. He told President Hoover that the destructive forces unleashed by the crash should be left free to "liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate [and so] purge the rottenness from the economy."Unfortunately, social engineer Hoover rejected this wise advice and began to do a great deal of fiddling. As the recession deepened and persisted, he fiddled more and more. But all this fiddling did, in effect, was to keep badly run and fundamentally insolvent businesses afloat.
Jump ahead 80 years later and you have Ron Paul, Peter Schiff, Many Free Market Economist and Internet bloggers saying the same thing Mellon did... Lets let the bad debt be liquidated and the insolvent companies and banks go bust. Instead, the congress and senate pass the bailout package and continue to try hopeless fiddling, just as Hoover did, and make the problems worse.
Hoover Ignored Andrew Mellon and the Great Depression became a reality. Now we are once again ignoring the same voices of reason and repeating the same mistakes that will inevitably lead lead to the next depression.
Monday, October 6, 2008
Invest your money in the Five G's to survive the Economic Meltdown.
Dear HousingFEAR,
Where should I put my money now to survive the coming financial armageddon?
In times like these the best place to put your money is in the five G's. Remember that law and order as we know it will begin to erode and you have to be prepared to survive, and hopefully thrive during these hard times.
GASOLINE
Now is a great time to start "slowly" buying barrels of oil or investing in gasoline futures. I don't think we have hit the bottom yet as of October 6th, however, when you enter an inflationary environment people always flee to oil and other commodities as a safe haven to protect their wealth.GOLD
All fiat currencys eventually become worthless, History has proven this. The one thing that never becomes worthless is Gold. In fact, Precious metals are the only real "money" that you can ever count on not losing its purchasing power.Ground
If you have the money, buy some vacant farm land you will need it to grow some food.GRUB
Speaking of Food, now is a good time to make sure you have a year or two supply of food stocked up in your home or shelter. There were global food riots earlier this year and it won't be long before it comes to America. Especially if Farmers can't get loans to grow food.GUNS
Having all the Ground, Gold, Guns and Gas in the world won't do you any good without a Gun to protect it. When law and order breaks down, you won't have the police to protect you, so be ready to protect yourself, your family from the Gangs that will be coming after you.
GANGS
GANGS
These are one of the G's that we don't want to see, but will be a reality when law and order break down. Gangs will form to prey on citizens and take what is yours.So remember to stock up on your five G's while you still can. Even if you are skeptical about civilization as we know it eroding into chaos, you still can't go wrong owning Guns, Gold, Gas, and Ground so there are no excuses not to be prepared.
Sunday, October 5, 2008
Truth is Treason in the Empire of Lies
"...This is the deadening consensus that crosses party lines, that dominates our major media, and that is strangling the liberty and prosperity that were once the birthright of Americans. Dissenters who tell their fellow citizens what is really going on are subject to smear campaigns that, like clockwork, are aimed at the political heretic. Truth is treason in the empire of lies."
"There is an alternative to national bankruptcy, a bigger police state, trillion-dollar wars and a government that draws ever more parasitically on the productive energies of the American people. It's called freedom. But as we've learned through hard experience, we are not going to hear a word in its favor if our political and media establishments have anything to say about it."
"If we want to live in a free society we need to break free from these artificial limitations on free debate and start asking serious questions once again. I am happy that my campaign for the presidency has finally raised some of them. But this is a long-term project that will persist far into the future. These ideas cannot be allowed to die, buried beneath the mind-numbing chorus of empty slogans and inanities that constitute official political discourse in America. That is why I wrote this book."
-Ron Paul
"There is an alternative to national bankruptcy, a bigger police state, trillion-dollar wars and a government that draws ever more parasitically on the productive energies of the American people. It's called freedom. But as we've learned through hard experience, we are not going to hear a word in its favor if our political and media establishments have anything to say about it."
"If we want to live in a free society we need to break free from these artificial limitations on free debate and start asking serious questions once again. I am happy that my campaign for the presidency has finally raised some of them. But this is a long-term project that will persist far into the future. These ideas cannot be allowed to die, buried beneath the mind-numbing chorus of empty slogans and inanities that constitute official political discourse in America. That is why I wrote this book."
-Ron Paul
Saturday, October 4, 2008
Hyperinflationary Depression
Peter Schiff has been proven right above every economic prediction he has made. Today he explained that instead of having a severe recession, the passing of the bailout legislation will be the cause of a hyperinflationary depression.
If you read this blog you know I have predicted Hyperinflation for the past year also.
A Hyperinflationary depression is coming...
The sky really is falling...
And the US Dollar is doomed.
Enjoy.
America could of had someone like this for President
Instead this country is going to get exactly what it deserves.
We are now just a Bananna Republic with Nukes.
How the House Voted (by Individual) for the Bailout
Please make a note to remember this day, and this vote, and to actively campaign against anyone in your district who voted Yes to this bill. 171 Congressmen voted No and are fighting for the American people. Unfortunately 263 voted yes, many of whom are Republican. Please make it a point to cross party lines and vote them out of office. I also want to note that any Republican who voted yes, does not have the right to ever utter the word Conservative again, much less call themselves one. This bill really is treason against the American people, and the congressmen who voted yes below have committed it.
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