Archive for the 'Economy' Category
China Shifts to Euros for Iran Oil
March 28th, 2007Via: Intel Daily: China’s state-run Zhuhai Zhenrong Corp, the biggest buyer of Iranian crude worldwide, began paying for its oil in euros late last year as Tehran moves to diversify its foreign reserves away from U.S. dollars.
The Right to Raw Milk
March 27th, 2007Excellent raw milk article. Via: Acres USA: ACRES U.S.A. Fresh or raw milk producers are having problems just about everywhere, such as in Michigan, where they pulled over a guy and destroyed his product and raided his house and took the records — and similar things have happened in state after state. I’d like to […]
34% of Homeowners Don’t Know What Type of Mortgage They Have
March 27th, 2007WOW! Via: Yahoo: In the survey conducted by Gfk Roper, homeowners with mortgages were asked what type of mortgage they had. A stunning 34 percent of the homeowners had no idea.
A Kirkland Cafe with No Prices
March 24th, 2007This is so interesting to me. It’s an issue that hits very close to home… The article calls this an experimental business model. It’s more of a test of the consciousness index of a community, if you ask me. Can the tragedy of the commons be avoided? Cryptogon and Farmlet readers are demonstrating that it […]
BullionVault
March 23rd, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. PLEASE NOTE: BullionVault is also mentioned heavily on Money: Going Tactical. UPDATE 2: 28 April 2007: BullionVault Moving Vaulting Operations to Viamat All BullionVault clients received this email today: Dear BullionVault user, There is an important change concerning your gold. BullionVault […]
The New Zealand Economy is Sinking While Financial Assets Soar
March 23rd, 2007Kiwis hate it when I talk about the New Zealand economy. Sorry, mate, a Ponzi scheme is a Ponzi scheme. Most national economies are really just subsidiaries of the U.S. Mega Debt Death Machine now. If you want to wind a Kiwi up, ask him or her which country is New Zealand’s second largest trading […]
Velkomin to the United States of Foreclosure
March 22nd, 2007Excellent article; really gets at the palpable absurdity of the situation. Via: Atlantic Free Press: Sub prime loans are loans that are made to people with poor credit. The lender requires a higher rate of interest to cover his risk. For the last 5 years, the sub prime market has skyrocketed due to the loosening […]
Insider Crimes, Funny Money and Options Rackets
March 22nd, 2007WARNING: The following is not a recommendation to buy, sell or hold any financial instrument. Trading stocks, currencies and options involves serious risks. For years, I’ve kept this information to myself, waiting for a chance to look at it again more seriously and systematically. Unfortunately, I don’t really see myself being able to allocate the […]
Got Milk? You’re Under Arrest
March 18th, 2007Via: Information Liberation: In many states, you can possess it, but the law prohibits its sale. It is a violation of federal law to transport the substance across state lines with the intent to sell it. In many states, undercover investigators are at work trying to uncover the furtive networks that produce and distribute the […]
Subprime Apocalypse Bailout?
March 18th, 2007Via: PR Newswire: One of the nation’s biggest and most respected advocates for fair housing, the National Community Reinvestment Coalition, urged the Administration and Congress to amend federal regulations to allow the Federal Housing Administration to refinance sub-prime borrowers’ loans in default, preventing a torrent of defaults and foreclosures expected to deluge the mortgage market […]
