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Archive for the ‘financial crisis’ Category

>Vacant Homes On Every Block in America

>The number of vacant homes — including foreclosures, properties for sale and vacation properties — jumped to a record 19.1 million in the first quarter as the recession sapped demand for real estate, the U.S. Census Bureau said in a report Monday. The number of homes that stood unoccupied rose from 18.6 million a year earlier. The U.S. financial crisis and falling prices have shattered the confidence of homebuyers. The percentage of people who said they plan to buy a home in the next six months dropped to a 26-year low in March, according to the Conference Board in New York, Bloomberg reported.

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>The Real Cost of the $819 Billion Bailout

>One of the ways rich people discriminate against the poor is in charging exorbatant interest rates. Try 42 percent, for example.

But that’s against the law, you protest. What about laws on the books prohibiting gouging or usury? You’re right, consumers are not supposed to pay rates in many jurisdictions higher than 18 percent.

The word usury means the charging of unreasonable or relatively high rates of interest. As such, the term is largely derived from Abrahamic religious principles; Riba is the corresponding Islamic term. The primary focus in this article is on the Christian tradition. The pivotal change in the English-speaking world seems to have come with the permission to charge interest on lent money: particularly the Act ‘In restraint of usury’ of Henry VIII in England in 1545. Every state has usury laws on the books.

But we’re talking about government usury. Not ours, but probably China’s. A country like the USA borrows all its money and then pays back at an effective rate of about 42 percent. Sounds awful, doesn’t it. It is!

How could we have gotten ourselves into this bind — having to pay the communists almost half of our bailout money? We’re dumb, and they’re smart. They also have savings accounts, while most Americans use a credit or debit card and spend every last dollar coming in.

When the wall came down in East Germany we thought we had won the cold war. We did. But now we’re losing it, and it’s an economic war not a political war. The more we bail out companies, banks, and governments the smaller our U.S. dollar becomes — and the less it buys at the grocery store. American people are becoming poorer, not better off because of these bailouts and many Americans are convinced the bailout stimulus package is not a good idea at all. In essence, America is becoming a socialist country and with each passing day and an increasly larger planned economy and less capitalism, we are resembling Communist China — at least socialist Germany.

Taxpayers will pay much more for the fiscal stimulus than previously revealed – over $1.17 trillion according to the Congressional Budget Office (CBO).

Most sources have assessed the cost of the stimulus package at approximately $825 billion. But the CBO reports those estimates do not include the cost of the money that must be borrowed to pay for the plan. [Editor’s Note: To view the CBO letter reporting on the total cost of the stimulus plan, go here now.]

Rep. Paul Ryan, R-Wisc., asked the CBO – the research arm of Congress – to calculate the “money cost” of borrowing the funds needed to fulfill the stimulus projects being sought by congressional Democrats and President Obama. Like every other borrower, the government must pay back borrowed principal plus the interest on its debt.

The CBO responded with a Jan. 27 letter from CBO Director Douglas W. Elmendorf estimating the cost of borrowing the money would be $347.1 billion – or about 42 percent of the cost of the projects. That would push the total cost of the stimulus package to over $1.17 trillion.

>China Would Have Liked Bush To Stay On As President

>

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13:11 Jan 24 2009
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CPC urges applying scientific outlook on development
90% of tainted milk victims compensated
Premier Wen’s visit highlights good Swiss-China ties: envoy
Chinese FM, U.S. Secretary of State talk relations on phone
Currency manipulation claim fans Sino-U.S. trade fears
On U.S.'”smart power”
In Today’s People’s Daily
• CPC Poliburo urges applying scientific outlook on development
• Li Changchun visits performers, producers of New Year TV gala
• Chinese leaders extend new year greetings to veteran leaders
• China’s economy grows 9% in 2008
• Hu calls for nationwide efforts to maintain economic stability
• Senior Chinese leader visits noted figures in culture circle
• Rights for development in Tibet respected
• New instruments needed to meet new challenges
• President Hu visits army officers ahead of Lunar New Year
• China confident in its ability for earliest recovery
News Features
Spring Festival 2009 – the Year of the Ox
China Navy’s Escorting Missions off the Somali Coast
News Keywords
3G, Bird flu, Financial crisis, milk powder, Shenzhou VII, anti-monopoly law, Beijing Olympics, Taliban,

>Will This Financial Crisis End In World Domination of Our Money And Our Nation?

>Read Carefully, for the machinery is in motion to change our very way of life here in America. All Americans should not just be concerned, but alarmed.

Let’s get out in front of this, if there is still time.

From my friend Joan Allen comes the following (which we will print in two articles here on AngstBlogger:
Below are excerpts from the 27 page attachment. I hope you will take the time to read it all. Obama, the perfect mouthpiece, is being groomed and financed by evil people who want to dominate the world for their own greed and power. He now has his own TV station to be in everyone’s face with his/their promises and lies. He is having a big impact on the young who have no idea what is happening. He must be stopped. These articles will show how this has been carefully orchestrated for many years and now is coming to fruition. The North American Union is slated for 2010, then One World Order with the UN in control will be next. The Constitution will be history, as will our freedoms and way of life. Our children will be enslaved. Be part of the solution. Try to stop the Obama landslide to buy some more time to protect this country. Study carefully those who are running for congress. Above all, vote prayerfully.

All it takes for evil to succeed is for good men to do nothing.

Joan/Mom/Gram

World-Wide Conspiracy :

PART I: PRIVATE BANKS CONTROLLING A NATION’S CURRENCY “ARE MORE DANGEROUS THAN STANDING ARMIES

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” Daniel Webster

PART II: GOVERNMENTS ARE CONTROLLED BY BEHIND-THE-SCENES MANIPULATORS, NOT ELECTED OFFICIALS

“What is important is to dwell upon the increasing evidence of the existence of a secret conspiracy throughout the world, for the destruction of organized government and the letting loose of evil.” – editorial, Christian Science Monitor, June 19, 1920

PART III: CONTROL A NATION’S CURRENCY, CONTROL THE NATION

“Give me control of a nation’s money supply, and I care not who makes it laws.” Mayer Amschel Rothchild, founder of the Rothchild Banking Dynasty

“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government since the days of Andrew Jackson.” –Franklin Delano Roosevelt, 1933 , U.S. President

“Those that create and issue the money and credit direct the policies of government and hold in their hands the destiny of the people.” Reginald McKenna, President of the Midlands Bank of England

Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. Woodrow Wilson, 1913

“Under the Federal Reserve Act, panics are scientifically created. The present panic, is the first scientifically created one, worked out as we figure a mathematical equation.” Charles Lindberg

“It was a carefully contrived occurrence. International Bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all.” Congressman Louis McFadden on the Great Depression