Shipping out of Debt

You'll be hearing this a lot, and you should just know. The Navy is on the way!

Copyright 2007 Investor's Business Daily, Inc.
All Rights Reserved

Investor's Business Daily

It's clear Iran considers itself at war with the U.S. Why else would President Mahmoud Ahmadinejad last week call for the destruction of both the U.S. and Israel?

This "involvement," of course, is occurring as Iran plunges headlong into developing a nuclear weapon that could irrevocably alter the balance of power in the Mideast and around the world.

On Friday, the U.N.'s International Atomic Energy Agency blandly noted that Iran appears ready to start up 3,000 special centrifuges next month, on its way to networking 54,000 or so to create enough highly enriched uranium to build a nuclear bomb.

Last week, Britain's Telegraph reported that Iranian scientists were present at North Korea's nuclear test in October, and that North Korean scientists are now in Iran helping them prepare for a nuclear test that could take place by year end.

Yet, even as Iran ratchets up the rhetoric, the U.S. is singled out for abuse. The U.N.'s top nuclear watchdog, Mohammed ElBaradei, mildly reproved Iran for its misbehavior, but called the U.S. "bonkers" for sending a second carrier group to the Persian Gulf.

Might the world then merely turn its back if Iran uses a nuclear weapon on Tel Aviv? Or if it explodes a device, a la "24," in a U.S. city? We shudder to think. But we do know this: Now is not the time for complacency or weakness. And no, we're not bonkers. Iran must not get a bomb, and if that means military action, so be it.

The Naval Countdown

Things are looking kind of bad in the Middle East. Although your finances are your top priority (as we are sure it is since it is the only way you can work your way out of debt), it is important, as always, to look into the way that finances of the world look from the perspective of perpetual politics.

Well, there is the first troubling fact that our nation continues to be given good advice at the level of government. However, this advice is being ignored.

We remind you here, that this is the way it always works. There are those that were told to get off of debt, and decided not to, and there are those that did get off of debt when they managed to follow good advice. However, the nation is in debt and at the same time, sensible advice is offered but not taken. This is not a way to solve any problem! The point of the matter is that debt will continue to grow and problems will arise from the national debt situation.

So, here is some advice that is being offered. This might be the good advice. But it also might not be the good advice. Now, since you are inside (as you should be if you are trying to get off of debt), take a look and figure out yourself which is the most sensible option.

It is between the recommendations of the Iraq Study Group
This report considers talking to Iran to be a good thing before going to war.

However the administration has decided to take another piece of advice that follows along the lines observed in this report :

Haven't we heard this tune before, the one about secret nuclear weapons programs? There is no evidence of any such program, just evidence of a nuclear energy program, one that Iran is entitled to just like any other nation. Why does the U.S target Iran when Israel has itself recently confirmed a stockpile of nuclear weapons? What justifies the double standard where deals are being made with India for nuclear cooperation and the use of a diplomatic approach with North Korea, while no such negotiations are offered to Iran?

Could it be that this is part of a master plan, one that envisions the destruction of all Middle Eastern regimes deemed as potential superpowers? Does Israel desire total hegemony over all its neighbors and will the U.S tragically continue to sacrifice its own stability and security in order to fulfill this demand?

The Navy gets closer...

An Absurd Thing to Do

I saw this posted in a forum that was meant to help out debtors. You should visit these forums as you visit the site. Know yourself first, and then take in what you will. Well, what I saw that shocked me, in the context of its being a forum meant to help those wishing to get out of debt, is this:

anybody want £20 off with an £60 order with Vigin wines?

http://XXXXXXXXXXX ( author note: will not advertise this filth to you, for you need to get out of debt!)

voucher code: XXXXXXX

password: XXXXXXX.

Well, this was my response, and I am sharing it with you so that you can consider what it is exactly that needs to be sacrificed during this time.

If you are in debt, then why do you need wine??? Perhaps its what got you in debt in the first place. Therefore, do what some do, don't splurge, eat cheap, and wait around until you get out of debt. Then celebrate with the wine voucher!

Perhaps, if you had been foresighted, you could have used a part of your grocery budget to buy grapes. You can then make your own wine, and not have to spend on the cases offered by this voucher...spend $60.00!! While you are in debt?! My gosh, an absurd thing to do.

The Russian House

After the fall of the Soviet Union, Russia became an anathema to those who used to fear it in its more powerful days.

A person in debt can learn a lot from Russia. Instead of listening to outside sources for advice, as the lesson of Russia teaches us, look into your own house and see what you can do to fix it from the outside. Like the failed IMF policies in Russia (that only led to more debt)

And once you are out of debt, like Russia you will have more power. Just KNOW YOURSELF and you will be out of debt quicker and with less possible risk of failure if you exercise self control while you know yourself. It is really a good process.

So, how are the Russians now? This article points to their attitude (and possible risks in the future:

"The problem is that they feel that they've been humiliated in the post-Cold- War world, that they haven't been granted their place in the world and they're resurging with a vengeance," said Clifford Kupchan, a long-time Russia watcher and a director of the Eurasia Group, a political-risk consulting firm, in an interview earlier this month. "And that has taken the form of a very strong- armed energy policy."

But as always, only Russia knows its real position just as only you know your true position.

A shift...

There's been some shifting in major economic deals.

MOSCOW (AFX) - Gazprom Neft, the oil subsidiary of Russian gas giant
Gazprom, is considering building a refinery in Armenia near the border with
Iran, with a view to processing Iranian oil there, according to a press report
in Russian daily Kommersant. (link)

This in conjunction with China giving a contract recently to America rather than China, plus the value of oil being low, and the area of investment in this particular case is Armenia, certain shifts are occuring which to not lend credence to the pessimists point of view. This is a good thing for you. If there is no financial crash, then you will be able to continue living a decent life. Only this time around debt free, and debt promised not to be back into debt.

A shift...

There's been some shifting in major economic deals.

MOSCOW (AFX) - Gazprom Neft, the oil subsidiary of Russian gas giant
Gazprom, is considering building a refinery in Armenia near the border with
Iran, with a view to processing Iranian oil there, according to a press report
in Russian daily Kommersant. (link)

This in conjunction with China giving a contract recently to America rather than China, plus the value of oil being low, and the area of investment in this particular case is Armenia, certain shifts are occuring which to not lend credence to the pessimists point of view. This is a good thing for you. If there is no financial crash, then you will be able to continue living a decent life. Only this time around debt free, and debt promised not to be back into debt.

Oil

You must have reveled with the news that oil prices have begun to tumble in recent days. Well, don't let us spoil the party (and you should still get rid of that car), but this is being influenced by decisions not on economic grounds, but on political grounds. Don't take our word for it, and go and research it yourself, but you should consider the greater geo-strategic picture. Overall, the oil price drop will definatley allow you to put away more money into the pay off your debt pile of cash, and perhaps you'll be out of it by November!

Article:

One trader is convinced that the U.S. and Saudis sealed a secretive deal on Iran when Vice President Dick Cheney met with King Abdullah in what appeared to be a hastily arranged summit in Riyadh in late November 2006. There have been lower-profile meetings as well that could have dealt with the arrangement.

Iran-US Economic War Phase II

In a previous post, we mentioned that the Iranian decision to coming off of the Petro-Dollar might start a trend of other countries doing the same thing. This recent bit of news is not doing much to help put away these fears.

Middle Eastern countries have been scaling back its once near full reliance on U.S. assets in recent years to minimize risks and enhance returns as they diversify the massive windfall from oil and gas revenues.

"Regionally there is less evidence of enthusiasm to be the major owner of U.S. assets. It doesn't mean U.S. investments will go away but you will find governments and agencies looking at a wider range of opportunities," Phillip Thorpe, chairman and chief executive officer of Qatar Financial Center Regulatory Authority, told Reuters in an interview this week.

Reflection

Now is a good time to look back and reflect on whether or not you will be out of debt as you'd planned. If you are not following along with your New Years resolution, you are only prolonging the time you are in debt.

If you have taken measures. And we mean serious measures, to get yourself out of debt, then congratulation. Hope the negotiations went well.

If you wish to...begin learning how to make ketchap soup...only if you are still bumbling your finances.

Student Loans

Student loans are the worst forms of debt to find yourself in. You go to school, earn an education, enter the work force after graduation, and then you find yourself already in 100,000 USD debt! The only solution to this (if you want to go to school, cannot afford it and don't get a scholarship and have to take out a loan) for the governmetn to create more funds to help this nation get out of debt, already!

Dollar falls as data show U.S. investors buy abroad

So, it seems that the US dollar is becoming increasingly less valuable in teh world economy. Do not take this to mean that your debt solution is going to be a futile effort. In fact, this is probably the best time to get out of debt, since as soon as you are out of it, and you are used to saving mechanisms that you used to get out of debt, then it will be time to start making investments.

This article shows one possible reason as to why the dollar is falling. Something to consider in lieu of the times:

"The theme of diversification away from the dollar is still a concern," said Matthew Kassel, director of proprietary trading at ING Financial Markets. "In the very short-term there is going to be less demand for the dollar."

It appears that Iran has had some sucess in starting this trend of countries "diversifying" their currency reserves. With less demand for the dollar, there could very well be good investment opportunities after you get out of debt. The dollar, our researchers tell us, will not fall completly out of demand, and there are various reasons for this which we are getting to the bottom of, even as this post is being written.

Therefore, don't panic if you read that the dollar is becoming worthless, and foreign currencies are gaining. Keep up your good skills at reducing your debt, and all will pay off in the end.

No Way Out??

You might have started, you might have not, however, the warning signs are stark and clear. There might just be no way out of the national economy going into debt.

This article reveals that the current predictions of realists match those that were going on for 2006.

M-3 remains hidden by the Fed, so that We the People can’t know what the Federal Reserve is up to. Where’s the transparency Ben? Check out this monster in the chart above — It tells you all you need to know about what the Fed has been doing with M-3.

Further condsider this, and make your own judgement if you should plan accordingly:

Dollar devaluation would require mandated cost-of-living wage increases, but also would require issuance of a brand new currency. Call it the liberty instead of the dollar. If you tied the liberty to gold, the U.S. currency could keep its world reserve status and survive the dollar devaluation tsunami. It would require a liberty to be worth the equivalent of two dollars, where there was only one dollar in circulation before the fifty percent devaluation event. A gold-backed liberty would stabilize inflation, and bring monetary stabilization back, but in a new economic order where debt is substantially reduced, both private and government. Government debt would be reduced as folks are required to pay taxes on the dollar-devaluing household-handout. Of course, this means Gold would have a bright future. I don’t see any other way out. Thank Artificial Economics for this — the economics practiced for the past decade in this nation that wasn’t mentioned in your child’s college economics textbook.

This is your brain....

Know Thyself

A common theme is the past and the present and the future identity of mind. When you are going through the phase of getting out of debt, you are essentially producing a new form of neural behavior because your decision in is one that requires change from one state of behaving and into another one.

So, from where does the sense of self come from? As declared previously, it is not enough to come to an oracle and try to understand what you can do with your unique financial condition. This is an impossibility.

Therefore, you have to know yourself.

However, the question does arise: How can I know that my senses are not deceiving me into thinking that I know myself. And this is precisely why it is important to continue examining and pondering your CURRENT existence. Neural chemicals can condition your being into knowing ones self that is not exactly "known" because he lives on false conditions. Therefore, the self you know is the self in debt rather than the self in actual financial conditions. This is something that we are currently researching, and will continue to report on.

Understanding how your brain works will be essential to assuring the maintenance of your finances so far. It's gonna be a long year.

East India Company

An interesting article about the British East India Company.

Mortgage: Part A: Equity

So, the solution to having no money (and I mean being in debt) to taking out these so called equity loans. Lenders of money are sincerly trying to help out. Just read it below, and you will see their good intentions.

Our partners provide some of the most competitive rates nationwide on home equity loans and they are happy to work with you to find the loan that works best for you and your family. Home equity loans are a great way for a family to make much needed improvements on their existing home thus increasing the overall value of the home.

The people lending this money should perhaps consider one or to things. While they might be trying to contribute to the national economy by putting more money out on the market, they are instead destroying the country by putting money in the hands of those who cannot begin to pay back. This is not true of all borrowers, as some have a vision.

The lesson to be learned is to make educated borrowing decisions. Don't just go to the lender, for he will give you cash. Even if you pass a credit check, you will still have to pay back the money!! If you don't think that you will be able to make an investment that pays back to you, then don't borrow.

Now, when it comes to mortgage equity, the things get more serious. Your real estatge judgement will have to be good. So, again, education is the key to success!

So, if you want that fur coat, work harder for it so you don't get in debt!

Mortgage oh NO MORE Mortgage

One common debt that many people have to deal with in this great nation comes from mortge. See, with mortgage, and all debt, you either have the money or you don't. It's really that simple. The simplest solution to getting out of your mortgage trouble is to just borrow money! There you have it. A great rood over your head!

Common sense lad, common sense. You didn't have to get that mortgage to begin with. Before paying for a house with money you didn't have only to run up more debt with money you didn't have, now you are having credit problems, and go off and borrow money from dubious sources. Soon you'll even be in jail!

Something must be done to reform this current disastrous system. Mortgages are bad, and we demand. Consumers, THINK IN THE LONG TERM when it comes with your finances.

Debt Networks

One might think of debt as if it were a spiderweb. You are the fly tha tthe creditors want to catch in their nets. This web is a network of interconnected nodes which the spider fiber connects. Thus, we have a simple way to conceptualize debt, though it might not be the easiest to understand.

This understanding problem is because you and only you know the exact circumstances of your finances. Without knowing ones self, one cannot go to some oracle and say: Hey, how do I get out of debt? More about that later.

A Debt Free New Year

Its almost New Year. If you are in debt, it would be best advised that you do not splurge on the celebration. Instead, use this night as one in which you pledge not to spend tons of money. Next year, when you are out of debt, you can put double the money into your victory celebration. The year begins tonight, not January first. Then you'll likely have to work more. You will just have avoid spending beyond your means tonight.