Archive

Posts Tagged ‘foreclosures’

Planned Food Shortage In The US

January 31, 2011 Comments off

“Most people have the idea that food in our grocery stores just magically appears; maybe it just pops up out of the floors or drops down from secret store rooms in the ceilings.”

Buy local? Ok! I will do that!  Wait…..this says product of China, product of Brazil, product of Mexico, product of Egypt, Guatemala, Argentina ………where is the stuff produced in the US?  How am I supposed to buy local to support my local economy when there is nothing here that was produced locally or even in the United States?  And this stuff over here?  It just says “distributed by” a company in the US and I have no idea where the heck it came from.

In what I see as a sick joke mouthed by sick individuals in our government, the call has gone out to “buy local!  Know your farmer!”  I know the farmers in this area but they are being regulated and pressured out of business with the passage of the fake food safety bill in the senate.  Read more…

Economic Warning Signs

January 30, 2011 1 comment

Do you see all of the warning signs that are flashing all around you?  These days it seems like there is more bad economic news in a single week than there used to be in an entire month.  2011 is already shaping up to be a very dark year for the world economy.  The price of food is shooting through the roof and we have already seen violent food riots in countries like Egypt, Algeria and Tunisia.  World financial markets are becoming increasingly unstable as the sovereign debt crisis continues to get worse.  Meanwhile, the number of Americans applying for unemployment benefits is up, foreclosures are up and poverty continues to spread like a plague throughout the United States.  What we are starting to see around the globe is a lot like the “stagflation” of the 1970s.  All of the crazy money printing that has been going on is overheating prices for agricultural commodities and precious metals, but all of this new money is not doing much to help the average man or woman on the street. Read more…

US banks foreclosed on record 1 million homes in 2010

January 13, 2011 Comments off

US banks repossessed a record one million homes in 2010, and are predicted to surpass that number in 2011. RealtyTrac said about five million homeowners were at least two months behind on their mortgage payments. Among the worst hit states were Nevada, Arizona, Florida and California. Nevada had the highest foreclosure rate for the fourth year in a row, with one in 11 homes receiving a foreclosure notice. RealtyTrac said more than half the nation’s foreclosures occurred in Arizona, California, Florida, Illinois and Michigan. 2.9 million US households were subject to a foreclosure filing last year, up 1.6% from 2009. RealtyTrac’s senior vice-president Rick Sharga said: “2011 is going to be the peak.” Foreclosures slowed toward the end of 2010 amid revelations banks had improperly documented them, but the pace is expected to pick up in the first quarter of 2011.
Source

Categories: Banks Tags: , ,