Rick Santelli from CNBC lays out the staggering economic challenges ahead for today's young people...share this with the young adults in your lives. We HAVE to stop the out-of-control spending!
"Today, twenty-somethings are desperate for an economy that does something besides sit there and slumber." CNBC -MUST WATCH; under nine minutes. ?video=3000077329
Kyle Bass: "In the end, the picture is so large, and the leverage in the banking system is so enormous that when you start delivering, there is no way out of this scenario, and that's what's happening right now." CNBC's David Faber: "It's a complicated concept..." No, it's not; it's a remarkably simple concept: there [...]
Or does everyone still think there's a solution to this mess? I just think it hasn't gotten painful enough yet. Not that I'm any fan of pain, understand. I think everyone is still way too comfortable with things "the way they are." Why do I say that? Well, nothing's changed, has it? In case you've [...]
I have long maintained that the central bank is an instrument of private mega-banking policy, and that that policy is quite simple: attach to an economy and suck the life out of it like a vampire. This makes the central bank similar to Renfield in Bram Stoker's gothic novel Dracula. Any central bank must be [...]
Reggie Middleton's BoomBustBlog.com offers a wealth of information about finance, especially housing market / mortgage market related finance, mortgage securitization, and their impact on the big banks. Reggie was interviewed on CNBC today, it's about 4 minutes and worth watching. Reggie has made some excellent calls. His blog posts are usually long and somewhat technical [...]