muses of the moment

February 19, 2009

Odds and Ends

Filed under: Odds 'n ends — totallygroovygirlfriday @ 7:52 pm

There is just so much going on that I can’t pick one topic today. Maybe I will expand on these issues in future musings. Linked to the main resource, so you may investigate further yourself.

New Stimulas Plan outlays $75 Million to Fight Foreclosures:

I agree with Chris Martenson’s comments:

Saying, “…help as many as nine million families refinance their mortgages or avoid foreclosure…” is also presenting something as fact that does not even stand up to the slightest scrutiny. The $75 billion price tag divided by 9 million gives us a value of $8,333.33 for each of the nine million homes. There is simply no possible way that $8,333 each is going to make the difference between 9 million people keeping or losing their homes. It might if that was applied to this year’s balance gap, but over the life of the loan? No possible way.

The math doesn’t add up here. The foreclosure and mortgage crisis will not be contained by this plan. It is key to address this issue before any recovery can happen. This plan will delay recovery. The entire commentary by Chris is very good based off a NY Times article today.

Mexico on the verge of Civil War:

This will spill in to the US, it has already started in Phoenix, Arizona and Atlanta. Prepare yourself.

Laid-off Foreigners flee:

We in the US should be thankful. In Dubai they put you in debtor’s prison for not paying your mortgage.

IBM leaves US:

IBM is moving all jobs to other countries except customer face-to-face employees. Expect to see MicroSoft, maybe Google, do the same thing. Wonder where they are moving to? Can you say “east Asia”? Learn another language and the customs of Asian countries, if you want a job in the future or modify your career choice. The next 20 years will be completely unlike the last 20 years. Be flexible or be very disappointed.

Gold is in a new steeper uptrend:

Take a look at that beautiful chart!

China lends Russia money for oil over next 20 years:

This is what the US did (and other things) to get cheap oil from the Saudis in the 70’s and 80’s. (Gas was high in the 70’s because of inflation in the US Dollar, not the price of oil.)

The good old days, when America lent money, not borrowed it. China has 3 trillion in cash lying around, we have an $11 trillion dollar deficit (not counting Social Security and Medicare future obligations).

We are doomed, take cover quickly. Protect yourself, because the government is too strapped to do it for you.

That’s it for today.

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