Vacation

It is vacation time, therefore, blog activity will be significantly reduced over the next two months. My Pay Per Post advertisements will not be written due to this fact over this vacation time

Global Systemic Crisis

Globalization could be imperiled by events that have not been predicted by those high paid financial wizards that seem to not be able to predict anything right nowadays. Or, they are just good at covering their tracks. This latter option is apparently what is going on.

During the first quarter of 2007, the U.S. economy has gone into a recession:

Thus, as anticipated by LEAP/E2020 in February 2007 (GEAB N°12), the month of April 2007 marks the tipping point of the phase of impact of the global systemic crisis, and signals the objective entry of the US into recession, even though official US figures are still trying to conceal the trend. Besides, in relation to this fundamental piece of information, April 2007 was also a turning point on a number of key-factors of the global systemic crisis whose evolution will experience a new acceleration. In this month's issue of GEAB, LEAP/E2020 enters into the details of the two following analyses:

- Aggravation of the US consumer's insolvency, profit reduction for companies depending on the US market and massive layoffs contribute to a negative retroactive loop

- Acceleration of dollar collapse, imported inflation, increase in balance of payment deficit and trade tensions with Asia and Europe smash the Fed's consensus and thrust the US into the « very great depression »

It seems those that the government hires to analyze the economy are doing a better job at hiding the facts from this great nation that is in debt.

American Greetings Free View

There are free ecards and printable greeting cards are now available for a VERY limited time from American Greetings.

This is is part of a special three-day “Free-View” aimed at promoting the redesign of the renowned AmericanGreetings.com website.

Having used AmericanGreetings.com in the past, it is noteworthy to mention that the new site is aimed at functionality and enhanced navigation features such as the “find it quik” moule on the AmericanGreetings.com homepage. It is easy to use, has a wonderful colors, but still contains the high-quality greeting cards that have made AmericanGreetings.com the leader in electronic greeting cards. Another change is that there is a rating and commenting system are in place. These allow people to chose which e-cards are good and which one are bad. This in addition to new card customization tools

For those that might not be familiar with AmericanGreetings, you should make sure to take advantage of the Free-View just to see the assortment of cards available. Birthday cards, Disney and Nickelodeon themes, “just because,” and “Chicken Soup for the Soul” cards are all available.

The Free-View ends on the 17^th of May, so hurry up and take a look. If you can afford it, you should sign up too beyond the Free-View period. This will help you save costs on paper greeting cards that you might need. It might also make you seem friendlier too!

Poverty Business

One of the biggest concerns arising from the scandalous subprime fiasco (which is still occuring) was the revelation that creditors often prey on those who do not have the money. These impoverished people could never hope to earn the money needed to repay debts that were agressivley marketed to them. No offense, but a lot of people did not even have the brain capacity to really understand what they were agreeing to in the contract they signed with the creditors.

Along come BusinessWeek. In its recent article
The Poverty Business Inside U.S. companies' audacious drive to extract more profits from the nation's working poor, the magazine does a good job in covering this depressing scene.

In recent years, a range of businesses have made financing more readily available to even the riskiest of borrowers. Greater access to credit has put cars, computers, credit cards, and even homes within reach for many more of the working poor. But this remaking of the marketplace for low-income consumers has a dark side: Innovative and zealous firms have lured unsophisticated shoppers by the hundreds of thousands into a thicket of debt from which many never emerge

.

THIS MUST STOP NOW. One can consider this as a violation of human rights. Being hunted down by abusive creditors is not what America's working poor need. They need their rights protected.

As America diplomats are running around the world asking for countries (which are in debt themselves) to forgive the debts of various African states, Iraq, and other countries, a blind eye is turned to American citizens who are themselves in need of debt forgiveness.

Of course, the reader of this blog should not for a second think that debt forgiveness will come along any times soon. It is always up to you to work hard and get out of debt yourself.

Dealing with the abusive creditors is another topic for another post.

Seduce a Celeb

Free videos at GoFish.com are available as part of their new effort to get YOU to seduce a celebrity (instead of the other way around!).

This is an original online concept, being tried out for the first time by gofish.com. Being a part of a contest gofish.com has just starting running in which you will have the opportunity to win a date with the celebrity Mirelly Taylor. The talented actress has also appeared in many movies including Kiss me Again and the screwball comedy Serving Sara. Her talents are not however the property of only the silver screen. Proving her flexibity (and thus her talent) she has also appeared in the televisions shows Las Vegas, Punk’d and Numb3rs.

Go fish will be running the Secuce a Celeb contest for the NEXT FOURTEEN WEEKS. This means that there will be plenty of opportunities to check out those who want the date, but just don’t have what it takes to make it to the finals.

While there are ample opportunities to win a date with other celebs, we would like to stress that this is the first time that the idea which has worked so well on TV and radio is now migrating to cyberspace. Mirelly Taylor should be thrilled (but unsurprised) that she has been chosen to participate in this historic, unique and exciting contest. Whoever the lucky winner is will also be making history.

More Signs of the Times

Junk bonds have become a pressing problem, and are similar to the financial mistakes made by bankers prior to the last great depression. To be exact, a junk bond is not a bond that is junk, as the name might suggest. A junk bond is the same thing as a regular bond. It is an IOU written by a corporation to another entity (be it another person or another corporation) which simply states that the corporation owes a set amount of money to the recipient of the bond. It has its own principal, maturity date and interest which will be paid back to you.

So, what's the worry? Junk Bonds May Repeat Crash of 2002 on LBO Credits

The following will give you a better idea as to why:

The last time junk bonds tumbled was in 2002, when companies defaulted on $166 billion of their securities, according to Moody's Investors Service. Merrill Lynch & Co.'s High Yield Master II Index fell about 2 percent that year as yields on the securities rose to a record 11.2 percentage points over Treasuries. Speculative grade, or junk, bonds are rated below Baa3 by Moody's and BBB- by Standard & Poor's.

Severe Downside

``The downside is likely to be very severe,'' Fridson, who led Merrill's high-yield strategy group until he left in 2003 to start his own firm, said in an interview from his office in New York.

Fridson predicts that in the next few years the default rate may reach or surpass the 2002 level, when WorldCom Inc. in Jackson, Mississippi, and Adelphia Communications Corp., then based in Coudersport, Pennsylvania, filed for bankruptcy.

Bug Movie

The new posters for the upcoming
bug movie
(it is going to be released on the twenty-fifth of May, have been released. They are much more attractive than the previous posters. Those did not say much about this movie.

The new posters to seem to say a lot. However, one can claim that they are misleading the audience into thinking that this is some sort of horror flick. Here are the two posters:

BUG Movie Poster 1

The repulsion in makes one feel a general disgust towards bug movie
. Dark slimy creature on a green background creates a gruesome scene. The movie itself can be expected to horrify its audience. This is partly from it mysterious BUG. And it is also partly from disgusting sequences of visual and audio creating repulsive sense to overwhelm the senses. Overall, the poster has a complete grasp on the viewer…urging a person to see it, and soon too!

BUG Movie Poster 2

This poster has a striking and terrifying essence in all of its graphical elements. You can almost sense the terror that must exist in the movie.

So, my conclusion is that they are horror movie posters. Taking a further look into the movie however, and considering the perception of the poster, it appears that looks can be deceiving. Bug is not really a horror movie in the typical horror niche sense of the word. Instead, the Bug movie is more of a suspense film. This new genre is what makes the Bug movie a movie to be anticipated.

Markets Brace for China Chill

Markets Brace for China Chill

In its aftermath, the economic cognate will have to shift from production to consumption; therefore we should see the stock prices of exporters falling even as those of companies servicing domestic demand will increase. Banks will have to absorb billions of yuan in defaults from the export sector, particularly to the many inefficient state-owned companies in northern China. That will cause a sharp decline initially in their stock prices, but I expect the outlook to improve rapidly thereafter.

For the rest of Asia, a yuan revaluation would set off increased volatility as investors try to take profits and other Asian countries adjust their currency values. In turn, their holdings of US and European government bonds as part of foreign-exchange reserves would diminish, sending up bond yields globally. That is how the adjustment in China would likely set off broader stock-market declines globally as investors come to terms with both higher interest rates and lower Asian appetite for Group of Seven assets. Sharp declines in stock prices would necessarily follow in most major Asian markets.

This correction would prove cathartic to the performance of Asian economies in the decades to come, but in the short term, pain is unavoidable.

As always, you have to know your own situation. One should plan accordingly and make investments in all things future shock proof.

It has been the conlcusion for here and some time that this Great debt has been coming along towards us with a historical certainty. Make sure that you are not already in debt before it comes. This must be the number one fact to have begun x(ing) your debt...yesterday.

Further Note

John Riley, a reader of this blog, sent me this lengthy comment, which I think is worthy to reprint.

In October of this year, almost $2 trillion (that's $2,000,000,000,000 for those that enjoy the zeroes) in ARMS and other variable interest rate loans will reset on mortgages throughout the United States. This reset will create the ultimate default wave unless the Fed cuts interest rates to reduce the impact. The ultimate "blunder" will be the result, and it's a no-win situation. Do nothing and the liquidity crisis is created over night and the Fed gets the blame. Increase interest rates and a secondary wave of defaults, those based on "prime" mortgage ARMs will be initiated. Cut interest rates almost all US Dollar based assets and equities get liquidated by overseas suckers, er shareholders, and the hyperinflationary spike begins.

Getting Paid Per Post

Pay Per Post, one of my sponsors, wanted to know my opinion of their valuable service offering advertisers blog reviews. Coming into contact with them at first, I was a bit skeptical. Is it really possible that I can get paid for doing what I am doing anyway, blogging? Being a member for almost three months now, I can say that it is not even close to what I thought it would be like…IT IS BETTER. A lot of the advertisers here

So far, I’ve made approximately $150, and that is more than I’ve made with the ads on the side of the blog. With a low Google and Alexa page rank, I can’t complain for this fair chunk of change. With the money I am making, I am planning on buying a car. Think of it as a pet project. While it might not be a practical goal for the next year, it will most likely work out, and I’ll get a car. It’s all going into the good savings account, something my good dear readers have become accustomed to injecting their own cash in.

Without a doubt, if you’re not just looking for change, and looking to get out of debt, why not start your own blog and help defray the costs of interest or other debt payments?

blog reviews

More and More Bad Mortgage

The subprime news has past, but the bad news on mortgage has not. Some have suggested that it could be the case that the collapsing mortgage market is enough to tip the boat of stability. We'll see but consider this.

The trapped money will be written off at the end of the year. The effect on stock market and dollar can be very severe. The stock market’s presumed liquidity will be in the negative, as people demand redemption of funds at the end of the year.

Lowest Unique Bids

You might just get the lowest bid and win the prize you wish for at the linked to site.

This is how it works. If you get the lowest unique bid for the prize you want, you win. This is an example of how it works:

The lowest unique bid for every prize starts out at one penny - but if more than one person bids a penny, then that penny is no longer the lowest unique bid and 2 cents is. If more than one person bids 2 cents then 3 cents is the next lowest unique bid. And so on and so on. The winning bid could be anything, it could be a penny, or $1.05 even $500.22! Whatever is the lowest UNIQUE bid wins the prize!

The Panasonic 42" TV & Bose DVD Theater System

Text TV 77 to 81000 is perhaps this bloggers most preferred prize.

Its List Price is $ 2599.00 and there are 22 days left as of this posting to make your own bid. Keep in mind that while the list price is a huge financial hurdle, especially if you are in debt, the bid range, between 333 cents and 353 cents (as of this posting) would make it a steal if your bid was THE lowest unique bid.

This is a great deal because the Panasonic TV is not some third rate junk quality product. It is top-quality, and is offered for cheap. Therefore, this website can help people that want to live outside their means to do so since it will not charge huge amounts of cash onto their credit cards, and instead can get great bargains!

1987

The market has not only crashed once in history, but a few of the crashes, or slides, have had great impacts on the markets. Warning signs are known with hindsight. History can forewarn us all of the perils that might come when certain events happened. These ideas should have been going around your head as you've been reading this blog, and I'm sure that you've done a little investigation on your own.

Here is a comparison to 1987, another black year for the U.S. economy.

This Day of Reckoning can not be far away, and a sudden reversal of confidence by foreign investors could crash the US stock market for reasons very similar to what happened in 1987: equities riding too high on a cheap dollar.

However, the level of leverage in the capital markets is generally acknowledged to be very much higher than in 1987, beyond even what produced the Wall Street crash of 1929. So the fireworks, when they start, will truly light up the sky.

Leading the leverage boom is the hedge funds followed by the private equity funds. Nobody is exactly sure how much leverage is in the system from the derivative structures erected by these financiers but it is a house of cards that will come crashing down in a stock market correction.

Coupons For Gifts

Saving on everyday items is the best way to get yourself on a proper economic footing. You’re going to buy things anyway, so you might as well make sure that they guy next to you is not getting a better deal than you.

This coupon site offers a simple, straightforward and easy to use interface to find great deals. Using a service called coupon chief, you will find a great number of good deals on just about everything. From your day to day purchases, to a discounted Mothers Day gift.

Getting the coupon codes to give you the discounts to such Mothers day gifts can be found simply by visiting this neat website. She will most definitely be appreciative even more so if she notices that you are trying to get yourself out of debt by being more fiscally responsible.

Rusian Trains to Korea

The Korean President has Invited President Putin of Russia to Korea. It is widely expected that he will urge for the acceleration of the Trans-Siberian Railway (TSR)-Trans-Korean Railway (TKR) connection. An obvious measure to increase the Russian Federations economic clout in Korea as well as to get Russia to bear more pressure on the Northern half of this divided land.

Some political analysts, however, point out the request was part of the Roh administration’s efforts to secure political leverage or the so called “North Korean card” ahead of the presidential elections in December 2007 because there was no need to deliver a personal letter, considering Russia has been pushing for the project more than Korea.

Keeping Your Books Sane

So, you're in debt. You obviously have had some deficiencies in your personal accounting. If you want to get out of debt by starting a small business, then you will not want to become bankrupt thanks to your old bad habits.

Book keeping software will definitely help you organize all your new small businesses finances. Quickbooks is one cost effective solution. Paying only a small monthly fee, Quickbooks will give you the powerful features of its proprietary competitors. Depending on your needs, including payroll and book keeping, several options are offered at different prices.

Discounts are also available for those interested in purchasing Quickbooks.

Please also visit the website at: http://www.accountingparadise.com

No Turkish Delight: The Collapse

Well, leave it to Turkey to come and spoil the economic recovery of successfully developing countries.

The losses came as Citigroup slashed its recommendations on Turkish stocks to underweight from overweight, citing the probability of prolonged political unrest and less attractive valuations. It said a weak currency and bond market would probably deter many investors, making it harder for the stock market to rebound. "The lira looks vulnerable and bond yields are likely to remain high, constraining upside for the equity market even if political tensions ease," Citigroup analysts Andrew Howell and Geoffrey Dennis said in a note to investors. Others said Turkey's political instability could hurt its bid to join the European Union.

Its not just about stocks though. It is also about a revolution of Islamic fundamentalism and Kurdish nationalism in a country with a weak democracy centered around a popular cult of personality. That of the genocidal Kemal Atatürk.

The majority of Congress who supported the Armenian Genocide Bill agreed that Hitler was trying to emulate Atatürk.

Although it appears to be the case that Congress has shelved as a result of the Turkey's domestic turmoil

As ironic as it is, in this case, it might just be better to have an Islamic Turkey. It is Islamic anyway, and it is founded on the ashes of Christian churches. Amongst which is Hagia Sophia. That is now a vanadlized place of worship. Instead of letting Orthodox Christians to continue liturgy there, the Islamic-Kemalists continue this desecration.

The situation in Turkey and along its Iraqi and Mediterranean borders will only get worse as a result of a volatile international situations. Old enemies Greece and Bulgaria, recently signed agreements with Cyprus and Romania on joint military measures. This is in addition to the lucrative oil pipeline agreement signed with Russia. It seems that all three adversaries have united in order build an Orthodox spear. They gain some power might perceive weaknesses in Turkey and act in unpredictable ways. If or when Turkey fails its existential test, it will result in the elimination of the common belligerent in the region which had previously united unlikely allies in military and political economic agreements.