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Money What is the problem with the economy? 1 stars 2 stars 3 stars 4 stars 5 stars 8/8/2011 4:28:35 PM
This video explains what in the hell is wrong with our economy in under two minutes. It is a great way to show people what is going on, and it even has handy dandy cartoons and bullet points.

Kind of relevant since the Dow closed down 632 points today.
[ 0 Comments]
sent in by: reoiv
Money Return to the Gold Standard 1 stars 2 stars 3 stars 4 stars 5 stars 11/8/2010 6:53:40 PM
... or at least partially.
[ 0 Comments]
sent in by: Shodin
Money The Fed is worried about a Stock Market Bubble 1 stars 2 stars 3 stars 4 stars 5 stars 4/8/2010 5:07:00 PM
The signs of a financial bubble are ridiculously quick rises in price when there is no apparent reason pushing that rise.

The stock market has jumped from 7000 to almost 11000 in two years, meanwhile the economy still has 10% unemployment, zero percent interest and many many state and local governments on the verge of bankruptcy.

The crux of the issue is that to encourage people to spend the Fed lowered interest rates to basically nothing. The discount window was lowered to basically zero percent interest so that banks could easily make loans to each other. The problem is if the interest rate to borrow money from a source of unlimited money is almost zero percent savings interest rates themselves drop to barely above that rate. So people have no place to put their money to. Instead they dump their money into the stock market again....

Meaning that if the Fed decides to raise interest rates to curb against inflation from all the free money they made, they run the risk of people yanking their money out of the stock market (which they rightly have no confidence in) and putting it into savings. Thereby shocking the economy back into a downward spiral where the Fed has to again lower the interest rate to keep spending up.

Ladies and gents we are at a precipice waiting for one large economic disaster to come along and shove us into the abyss and the Fed will be able to to absolutely nothing about it.

Buy food, guns and ammo.
[ 0 Comments]
sent in by: reoiv
Money Pell Grant Fund Feeling the Crunch 1 stars 2 stars 3 stars 4 stars 5 stars 3/20/2010 11:19:05 AM
High numbers of low income students are taxing the Pell grant system, if no adjustments are made the grant limits will reduce from nearly $6000 per student to $2500.
[ 1 Comments]
sent in by: darry
last post: darry
Money Bernanke wants to eliminate the minimum reserve requirements for banks.... 1 stars 2 stars 3 stars 4 stars 5 stars 3/19/2010 9:43:09 AM
The Federal Reserve is a big pile of sh!t, and it keeps screwing the US citizens over and over by keeping crappy banks afloat and doing shady underhanded deals with no public disclosure or oversight.

So why am I not surprised that Ben Bernanke supports this idea? He wants to remove that pesky requirement that banks keep, in reserve, a small percent of the money they lend out. In the US that amount is 10%. Meaning that for every $10,000 a bank loans in the US they have to have $1,000 in reserve. This is a good practice because it keeps a bank from loaning more money than it has. They physically have to have at least that small fraction of money in reserve somewhere or else they can't make loans. Once we remove that requirement, banks will just loan as much money as they can get away with figuring that the Fed will bail them out if they go under.

All in all this is just the dumbest thing I think I've heard yet come from the Federal reserve. Why Obama let Bernanke keep running the show I'll never know, oh wait that is right because big politicians are in the pockets of big banking.
[ 0 Comments]
sent in by: reoiv
Money China's Economic Super Bubble 1 stars 2 stars 3 stars 4 stars 5 stars 3/17/2010 11:17:08 AM
China is riding high on a super bubble right now. When that bubble breaks it will mean huge financial changes across the globe. Basically China is very good at lying about their debts, and hiding their financial problems with economic shell games, but eventually it will all catch up to them and when it does China's economy will implode on a massive scale.
[ 0 Comments]
sent in by: reoiv
Money Foreclosures running rampant 1 stars 2 stars 3 stars 4 stars 5 stars 4/18/2009 8:47:17 AM
You can only hold the flood waters back for so long before the levy breaks. [ 0 Comments]
sent in by: Shodin
Money Geithner's Plan to allow banks to rob us blind. 1 stars 2 stars 3 stars 4 stars 5 stars 4/3/2009 6:36:10 AM
I am so pissed off right now. They aren't even trying to hide that they are stealing from the tax payers.

It works like this only banks with $10 Billion dollars of toxic assets can buy more toxic assets (this keeps the little banks from becoming zombie banks and or possibly making huge profits later). This is stupid because the reason we are bailing out banks is because of their toxic assets yet here we are allowing the 'too big to fail' banks to get more toxic assets.

But wait it gets better, they aren't buying the toxic assets with their money, no they are using bailout money. So that if everything goes bad who cares they didn't lose any of their moeny. And if things go really well or just break even they'll split the profit with the tax payers (maybe) and keep a chunk for themselves.

Also now because only the big guys can buy toxic assets they will sell off any assets they own outright to another toxic asset buy and then repurchase them with govt money so that no matter what the only money they'll lose is tax payer cash. This means they can sell the bad assets to the other bank for more than anyone in the market wants to buy them for because, only banks with $10B can buy them and again it isn't their money to lose.

This is the greatest heist in history going on right now.
[ 0 Comments]
sent in by: reoiv
Money Peter Schiff says the worst is yet to come. 1 stars 2 stars 3 stars 4 stars 5 stars 3/25/2009 1:03:56 PM
Peter Schiff is basically the Ron Paul of the financial world. A tireless Casandra telling everyone what is going to happen and how bad it will be and no one listens to him even when he is dead on about the market behaving as it is right now.

He's also echoing what Buffet said that the bond bubble will make this housing bubble look like a cake walk. Hyperinflation, the worst depression ever is on the horizon and the current thinking is the rally earlier this week took care of the bear market.

That we really can spend our way out of debt....Complete and utter lunacy.
[ 0 Comments]
sent in by: reoiv
Money Should the Government Stop Throwing Money In The Money Hole? embeded video link 1 stars 2 stars 3 stars 4 stars 5 stars 2/13/2009 6:38:22 AM
The Onion once again hits close to home with this gem about the current financial thinking.I want to throw my money in the money hole!
[ 1 Comments]
sent in by: reoiv
last post: Shodin
Money How Bad Is the Recession? 1 stars 2 stars 3 stars 4 stars 5 stars 2/13/2009 6:42:15 AM
They compare the current recession's job loss to the jobs lost in 2001 and 1990 and it just looks awful.

Click to embiggen image.
Job Loss Current and Past Recessions
[ 1 Comments]
sent in by: reoiv
last post: reoiv
Money US Debt To GDP Ratio over Time 1 stars 2 stars 3 stars 4 stars 5 stars 1/27/2009 12:47:11 PM
This is just so sad how we are totally redoing the 1930s but even bigger and better than before.

Our Debt To GDP Ratio
[ 1 Comments]
sent in by: reoiv
last post: Shodin
Money Iceland's Government Collapses 1 stars 2 stars 3 stars 4 stars 5 stars 1/26/2009 12:11:09 PM
First they were rioting and throwing eggs at the PM's car now the government collapsed entirely. Iceland is so hosed.

I hope this isn't the canary for other Euro countries.
[ 0 Comments]
sent in by: reoiv
Money Federal Failure Graph 1 stars 2 stars 3 stars 4 stars 5 stars 1/22/2009 2:10:07 PM
This shows how much money the Fed has borrowed to try to fix the current fiscal crisis when compared to the other times they've borrowed in the past.
Fed Failure
[ 1 Comments]
sent in by: reoiv
last post: reoiv
Money California is Hosed 1 stars 2 stars 3 stars 4 stars 5 stars 1/22/2009 6:28:12 AM
They pull in $100B but have expenses for $145B.

Arnold could fire all the state employees and close all their prisons and let the prisoners go free and still not have enough to make up the $45 billion owed.

It would be interesting if California is the Oklahoma of the Great Correction and millions leave migrating across the country for work etc.
[ 0 Comments]
sent in by: reoiv
Money Berlin Predicts Worst Recession Since World War II 1 stars 2 stars 3 stars 4 stars 5 stars 1/21/2009 12:16:32 PM
How long until someone gift wraps some tanks for Germany and leaves them on the border of Poland?

Basically, Germany accounts for a third of the money output in the European Union and expects a 2.5% contraction even after their $65-Billion stimulus effort.
[ 0 Comments]
sent in by: reoiv
Money Government Regulators Aided IndyMac Cover-Up, Maybe Others 1 stars 2 stars 3 stars 4 stars 5 stars 1/20/2009 6:28:59 AM
It looks like the current economic situation just keeps getting worse and worse as reports come in that the treasury department helped falsify bank deposit records to make banks look better on paper than they really were.
[ 1 Comments]
sent in by: reoiv
last post: Shodin
Money 5 FICO Score Myths 1 stars 2 stars 3 stars 4 stars 5 stars 12/16/2008 7:32:46 AM
Interesting information about what helps and hurts your credit rating.
[ 0 Comments]
sent in by: reoiv
Money Renting is Better than Buying For the Time Being 1 stars 2 stars 3 stars 4 stars 5 stars 11/24/2008 11:35:44 AM
Basically until the bubble totally pops, you are still better off renting right now and sitting on your cash, than buying in and have your new house devalue even more.
[ 0 Comments]
sent in by: reoiv
Money $0 Trades at Zecco with a $2500 balance 4.50 w/o 1 stars 2 stars 3 stars 4 stars 5 stars 11/20/2008 1:51:59 PM
Good place to buy and sell without large fees etc.

$4.50 is damn reasonable. Charles Schwab wants 12.95, Etrade wants $6.99to $9.99.

Course with the market sucking this bad might just want to wait a bit.

That said GE stocks are flirting with $10 a share. When the market comes around look out.
[ 0 Comments]
sent in by: reoiv
Money Consumer prices drop by largest amount in past 61 years 1 stars 2 stars 3 stars 4 stars 5 stars 11/19/2008 7:31:13 AM
Wow just wow. Could our economy get anymore f*cked?
Oh Noes!
[ 0 Comments]
sent in by: reoiv
Money Peter Schiff Says Deep Recession Likely 1 stars 2 stars 3 stars 4 stars 5 stars 11/17/2008 12:36:57 PM
Peter Schiff is the guy the talking heads laughed at, when he said the economy was going to take a nose dive in 2006 and 2007.

He's also the economic adviser to Ron Paul.

Great Depression 2.0 here we come :(
[ 0 Comments]
sent in by: reoiv