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CNN.com agrees with TheBankruptcyNews

Franklin @ November 8, 2007 # No Comment Yet

In clear evidence that there is a liberal media conspiracy against President Bush, CNN moved in to confirm with a poll that the American people are starting to feel the pain of the failed economic policies. The following article would prove that My blog is part of the liberal media (swear I did not know) […]

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Banks Drive to Grab Land

Franklin @ October 8, 2007 # 2 Comments

When writing articles about foreclosure, the mantra seems to be “the banks want your money“, they are willing to negotiate and help you keep your home. The pesky reality, however, is pointing in another direction. According to a recent AP article, US July Foreclosures Rates were Up 93% from a year ago. So, if the […]

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Is the Dow Jones at a new high?

Franklin @ October 8, 2007 # 14 Comments

Two weeks ago I mentioned that current currencies have no inherent value, and I gave the dramatic example of the Argentine currency from the 70s to date. Today, I will comment on the myth of the new high for the Dow Jones Industrial Average, which is portrayed as an example of the economic health of […]

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Let the party begin. We will be dead tomorrow

Franklin @ September 28, 2007 # 3 Comments

The current administration is creating the conditions for runaway inflation in the near future in order to support the war efforts

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African-American and Latinos Hardest Hit by Foreclosure Crisis

Franklin @ September 5, 2007 # No Comment Yet

A new Acorn study found that African-Americans and Latinos are the groups hardest hit by foreclosures due to their exposure to high cost home purchase loans. During the past few weeks, politicians and the media have been covering the issue of the foreclosure crisis and in general tended to blame “unscrupulous lenders” or borrowers who […]

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Home Prices: Steepest Drop in 20 Years

Franklin @ August 28, 2007 # One Comment

Are you ready to live as a renter in the cul-de-sac you used to own? As home prices keep going down, many homeowners will see that they face negative amortization (they will own more than the house is worth). A rational answer to such a situation (above all, if they cannot afford paying rising interest […]

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