Friday, July 1, 2011

The New American Dream

With 28% of all mortgages now underwater (they owe more on their mortgage than their home is worth) it is only fitting to re-classify what only a few years ago was the American Dream.

More and more of these millions of underwater Americans have found a new dream: when they stop making payments they can live for free in the home for years.

For those still making their payments (we commend you for doing the right thing while your neighbor who stopped making payments and the bank who owns the mortgage will get a bail out paid for by you) we can only offer up the following picture to sum up what home ownership now represents.

Thursday, June 30, 2011

The Future Tense Primer

The following video does an excellent job of explaining the fundamental outlook of this website; there is a major, tectonic shift coming to the global financial system. We have never been in this position before and no one knows exactly how it will play out. The following helps discuss in simple terms how we got here, I will do my best to continue to focus on where we go next:

Whitney: Bracing For Default

MySpace Goes Round Trip

The following graph shows the number of users for MySpace and Facebook over the past 6 years.  MySpace had a dominant lead over Facebook until April of 2009.

It also shows the purchase of MySpace for $580 million back in 2005, and its recent sale for $35 million.

Wednesday, June 29, 2011

Gasoline Taxes Per State

The following map shows which states charge the highest tax rates on gasoline (which determines the final price you pay at the pump).  New York is the highest and Alaska is the lowest. 

Tuesday, June 28, 2011

U.S.S. Obama

Greece Live Stream

Live feed cutting to multiple cameras of the rioting on the streets of Greece as they wait for the bail out announcement that will cut spending and increase taxes on Greek citizens to ensure record setting bank bonuses around the world.

I will continue to bring live broadcasts of rioting moving to Ireland, Portugal, Italy, Spain, the UK, Japan, and the United States as the banks continue to be bailed out and the cost is incurred by the citizens.

We can only hope the bank employees receiving the billion$ in bonus revenue will give back to the rest of us through charity. (For tax write off reasons)

After all, after writing trillions of dollars of insurance guarantees (that they collect payments for every month) on countries who could not pay their debt, it only makes sense that they kept no money aside should the insurance payouts actually be needed. That is where the tax payer steps in. Heads they win. Tails the tax payer loses.

Fortunately, the average American has no idea what is currently taking place behind the curtain in the world of banking derivatives (insurance).  Eventually they will, when it is our turn to bail them out again, and our streets will look like this:

LIVE STREAMING: Γενική Απεργία ενάντια στο... by News247

Monday, June 27, 2011

The Other Storms Approaching

As the financial world is in hysteria and focused in on the first sovereign debt crisis in Greece, they have not looked over there shoulders to notice that there are 4 more hurricanes and tsunamis all approaching the shore at the exact same time.

The bond yields for Ireland, Portugal, Spain, and Italy are blowing out this morning and are at new all time record highs.  They are rapidly closing in on their "Greek" moment.

Buckle up.  The storm will be arriving shortly.