SubPrime Crunch

Tuesday, July 7, 2009

Uh, good luck on that one... (More)

U.S. warns of multiple al-Qaida plots (WTOP)

What would THAT do to your investments??? (More)

Swine Flu Worries Spark Cambridge Jail Riot

Do you think swine flu will affect your investments??? (More)

U.S. Lenders May Have to Raise $300 Billion, Deutsche Bank Says (Bloomberg)

$300 billion??? They've GOT to be kidding! (More)

Obama Adviser Says U.S. Should Mull Second Stimulus (Bloomberg)

"Mull"??? It sounds like a done deal to us. (More)

BMW, Mercedes-Benz Sales Drops Slow as Market Contraction Wanes (Bloomberg)

What, no "green shoots"??? (More)

Monday, July 6, 2009

Current Recession Is a Severe Credit Bust of Depression-Era Magnitude (The Market Oracle)

A good read.. (More)

Warren Buffett Slams "Cap and Trade" as a Regressive Tax

Gerald Celente on Cap and Trade

Axelrod: Obama Won't Rule Out Middle-Class Tax Hike (ABC News)

MIDDLE-CLASS TAX HIKES COMING!!!!!!!

D.C. code for "won't rule it out" means it's coming! So much for 'stimulus'! Let's see, hand out a bunch of taxpayer money ("stimulus"), then tax the heck out of everyone. Any complaints? It's ok, there's another "stimulus" coming. Guess who's paying for that one? You guess it....it's YOU! (More)

Biden: We 'Misread the Economy' (ABC News)

HE DOESN'T 'RULE OUT' A SECOND STIMULUS!!! (More)

US lurching towards 'debt explosion' with long-term interest rates on course to double (Telegraph)

The uninformed forget that government "debt" means BOTH principal and interest. So long as the principal doesn't get paid off, the interest continues to grow, and grow, and grow. In fact, mathematically, compounded interest begins to grow exponentially, i.e. 'to the moon'. Then, the interest is many times bigger than the original debt. That's what the government debt is, and they're borrowing (selling U.S. Treasury bonds) trillions and trillions more.

THAT'S THE DEBT EXPLOSION!!

(More)

California’s Nightmare Will Kill Obamanomics: Kevin Hassett (Bloomberg)

ARE YOU ONE OF THE PEOPLE THAT THINK OUR ECONOMY IS RECOVERING?

WE HAVE TO (STRONGLY) DISAGREE... Here's one more article for you to read. (More)

SECOND BAILOUT COMING!!!

IN OUR PREMIER PUBLICATION, THE MONDAY MORNING REVIEW, THAT ANOTHER BAILOUT WAS LIKELY...NOW VICE PRESIDENT BIDEN ALUDES TO A NEW BAILOUT!!!!

IF YOU NEED TO KNOW WHAT'S LIKELY TO HAPPEN (NOT WHAT HAS ALREADY HAPPENED) GET A SUBSCRIPTION TO THE MONDAY MORNING REVIEW AT

www.MondayMorningReview.com

U.S. Job Report Suggests that Green Shoots are Mostly Yellow Weeds (RGE Monitor)

Yellow weeds to brown manure. Thank goodness there's a few constant voices out there keeping things real (as is SubprimeCrunch.com!) A review of the real numbers (not government propaganda) reveals the truth. People just have to want to hear it, and the others have to hear it to begin with to even realize the extent of the lies they're swimming in. (More)

China officials call for displacing dollar, in time (Reuters)

Chinese making a lot of noise, again. There is a move afoot, and plans seem to be in place for some sort of structure in the event of a crash...developing... (More)

U.S. ISM Service Industries Index Increased to 47 (Bloomberg)

Signs of stabilization? Really? Sorry, we aren't in that camp... (More)

Friday, July 3, 2009

CELEBRATE JULY 4TH - A VICTORY OVER TYRANNY

The founding fathers were rightly proud of their proclaimed declaration, but they knew they were probably signing their death warrant. Indeed, many were later killed, lost their property, or died impoverished. It took a lot to found this country, and it takes a lot to keep this "experiment" in human freedom going; now and in the future.

Let's celebrate our victory over tyranny of all forms this July 4th. Would the founding fathers have encouraged such a celebration? WE KNOW THEY WOULD! HOW DO WE KNOW? Read what founding father John Adams said in 1776:

"(Independence Day) will be the most memorable Epocha, in the History of America. . . . It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, Guns, Bells, Bonfires, and Illuminations from one End of this Continent to the other from this Time forward forever more."

There you have it!!! Now go celebrate!!!

(NOTE: We are closed today in compliance with John Adams' wishes.)

Thursday, July 2, 2009

Marc Faber on Buying Gold Before Hyperinflation Eats Your Life Savings (Bloomberg)

ECONOMY AND THE CONTROL OF INFORMATION

Global Temperatures - U.N. Models vs. Reality (Actual Temperatures) - Suppressed Report

Gerald Celente on the Cap and Trade Scam

Congress's Travel Tab Swells (Wall Street Journal)

OUR OPINION? THEY WANT TO TRAVEL? FINE. THEY PAY FOR ALL THEIR OWN TRAVEL. PERIOD!!!! (More)

Morgan Stanley May Post Loss After Paying Back U.S. Government (Bloomberg)

More losses? What about the "recovery" in financial stocks? Hmmmm??? (More)

Payrolls Fall More Than Forecast, Unemployment Rises (Bloomberg)

9.5% Unemployment !!!!!!!!!!!!!!!!!!!!!!!!!!!!

(More)

Wednesday, July 1, 2009

Market "Volume" Isn't REAL!!!!!!!!

"High Frequency" traders (program trades) are pumping up volume, which means there isn't any real "liquidity", and the trap door could open and swallow up unsuspecting investors.

Inflamed CNBC host calls bloggers ‘digital dickweeds’ (Raw Story)

If bloggers are so bad, why is it that it's the ONLY place for 'real' news? No wonder CNBC and other main stream news is upset! (More and Video)

AUDIT THE FED (UPDATE)

Goldman Sachs The Fourth Branch of the U.S. Government (The Market Oracle)

Does Washington D.C. run Wall Street, or the other way around??? You decide. (More)

Manufacturing in U.S. Shrank at Slower Pace in June (Bloomberg)

These numbers DON'T reflect the collapse of our auto industry and associated manufacturers. (More)

Peter Schiff, June 26, 2009 VLog

Peter Schiff on CNBC (June 26, 2009)

(Part 1) How Does the Federal Reserve Bankrupt the System?

How Does the Federal Reserve Bankrupt the System?

BERNANKE SAYS DON'T AUDIT THE FED!! WHY NOT?

Hotel Loan Defaults Double in U.S. as Recession Curbs Travel (Bloomberg)

This is a big clue... (More)

ADP Estimates U.S. Companies Cut Payrolls by 473,000 (Bloomberg)

Think about that...473,000 losing jobs. Not just 10 people, their families, the places they spend money, their homes, their cars, their cell phone contracts, the taxes they won't pay, the restaurants they won't go out to, the movies they won't see, etc. But it isn't just 10 people, it's 473,000 people!!! And, that's just this MONTH! Folks, if you don't see now that we are in the early stages of a depression, well, we've done our best. Good luck. (More)