Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Sunday, March 22, 2009

A Trillion Dollars Looks Something Like This


If you enjoy a good fright, then you'll love this.

By the way, the Federal Reserve Bank of the United States is printing up about $1.2 trillion more US dollars this week. Thanks Ben!

The United States federal budget deficit is estimated to be $1.845 Trillion!.

Not to be outdone, President Barrack Obama's multi-year federal budget proposal is $3.6 trillion!

My fellow Americans, prepare for the spending power of whatever few dollars you do earn and have saved to be utterly and completely destroyed by rampant inflation. The tools to stop it are broken.

Thank you, incompetent and greedy homedebtors and real estate investors everywhere. Thank you mortgage brokers. Thank you realtors. Hope it was all worth it.

Tuesday, April 24, 2007

Greed, ignorance and financial illiteracy hits America's wealthy and well-educated too


The following article in Bloomberg paints a pretty bleak picture as to the state of the U.S. housing market. Even a well-educated woman with a Master's Degree - smart, intelligent, hard-working can fall victim to financial illiteracy, greed and ignorance too.

If there can be one take away from this article, it might be never to sign anything, ANY-THING, without reading it, reviewing it, fully understanding it and ALSO accepting the consequences of it.

How has the United State of America regressed from a nation of industrious, rugged individualists into to a country of overgrown children - financially incompetent, greedy, self-centered individualists who, only after realizing the folly of their delusional decisions, look to the a parental federal government to take away other people's money, in order to lift them out of a financial deathpit of their own making?

Don't answer that question. I don't want to know the truth anymore...