Examplesofglobalization.com

Thanks to Globalization Your Furniture Could Be Making You Sick - Business Insider

Furniture began being imported big time just a few years ago. It has a lot of formaldehyde in it and could be making you sick. I urge you folks to read this article and warn your friends!

Belgium Needs to Sell a Lot More Chocolate Belgium is a country that is at the heart of the Eurozone. The European Union has headquarters in Brussels, and even NATO is located there. But Belgium has financial problems and an ethnic division. So I am half amused and half sad that a commercial comes on TV saying that we need to eat more Godiva chocolate rather than use it for special occasions, as is the habit in the United States.I believe that the commercial, while being a legitimate marketing tool, is also revealing of the financial trouble that is coming out of news reports in the European country. Belgium is nearly broke!
Belgium is divided into three regions.The Brussels Region, Wallonia, and Flanders, which are often at odds with one another. Brussels is capital of the French Community and the Flemish Community. A smaller Brussels city within is the capital of Belgium is the actual capital of Belgium.
The two issues that are hurting the small country these days ar…

Adjustable mortgages are marketed to the masses as a benefit to them. Alan Greenspan said you could get a "better deal" with an adjustable, in February of 2004.
That was just at the start of the housing bubble. Not only was he in on the housing bubble, but he was advocating that the borrower like and prosper from the adjustable.
But who really profits from adjustables? On Business Insider at this article by Rob Wile I shared a message and an unknown fellow named Brian M responded. This exchange tells us a lot about adjustable mortgages.
I said:
"When you have fiat money you can still stop speculation and easy money lending. You can ban it like in Germany. But the bankers say they can't price a mortgage and need adjustable mortgages or they may lose their shirts. Well, that places the risk directly upon the buyer.
Who needs that?? Rob, who needs it?"
Perviously, I had written this at Henry's interview with Robert Shiller:

"Henry, nice post. …

World Economic Forum Ends With Stark Warning Over Global Economy - Business Insider

The financial crisis is not over folks. The jobs situation is bad. The housing price situation is bad, with houses seriously overpriced. Cash from bankster investors, hedge funds and the like are driving housing comps up. 3 percent down makes for a bigger house payment for the rest. Sometimes it is better than renting but even then, it is not a store of value if you have to sell your house later on and the price declines.

Beware of the 30 year mortgage and the housing market unless you are certain about your income and don't need your house as a store of value!!

Henry Blodget, editor of Business Insider, posted that he didn't believe the banks did anything illegal in the housing bubble:


"Sorry, I'm just tired of these drive-bys. Every prosecutor that can has looked into what the banks did, and they didn't find anything illegal. (Because the truth is that almost everything they did was legal--as outrageous as that may sound). So I think it's time we stopped just throwing around this word.

Congress deserves a lot of the blame for what happened. As, I am sorry to say, do folks who borrowed money to buy houses they couldn't afford."
Read more: http://www.businessinsider.com/goldman-sachs-ceo-lloyd-blankfein-at-davos-party-2013-1#ixzz2J8xkvhX8

The responses to his comment that was on his own article basically covered these bases:
1. The banks violated Sarbanes Oxley when the chief bank officers signed off on the financials. This was never prosecuted even though…

Dirty Dirty Republicans: Gary Anderson: Amazon.com: Kindle Store

While the Democrats are dirty, the Republicans are double down dirty. I urge folks to read this ebook or get the book. There are things that people need to know about the Republicans. These things are unchangeable and mean that the party of the once great Dwight David Eisenhower is now a prisoner to perverse desires of morally bankrupt men.

The Housing Bubble in Phoenix Is an Utter Fraud and Scam - Business Insider

My article on BI showing the Phoenix housing bubble is a cash buying scam from Wall Street. Hope you take the time to read it if you are contemplating house purchases. Keeping your house as a store of value with all the uncertainty is a gamble.

The Herbert Hoover Presidential Library and Museum

This is, of course, an indictment of failure to stop the bust in a boom and bust cycle. Look at it this way, a boom and bust is actually a way for wealthy folks to make money on the way up and on the way down. That is what they want, boom and bust. Andrew Mellon, in wanting boom and bust, wanted speculation, austerity, and supply side percolation economics. He relished panic as a way for folks to make money at the top and for the riff raff to suffer and be moral.

But really, with Mellon, it was greed, the keeping of money he had made. That is the banker mentality, unless they can foment a scam like the housing bubble where they pawn off mortgages, get bailed out, get their properties back, and start the process again.

Beware of the bankster and the bankster propaganda that ultimately will target the helpless home buyer. Boycott mortgages if you need to save your money. Otherwise, you put the money at risk.

Frugality Must Rule in the New Normal The economics of strategic frugality becomes the economics of multi-generational living as globalization puts pressure on wages and the American way of life. I have written articles about the subject of globalization and frugality at Business Insider and these are included in the discussion here. But looking at the big picture of why all this frugality is necessary becomes a very important piece of information to the families facing permanent wage decline and permanent pressure on their way of life.
The economic picture reveals a steady decline in wages as America seeks to become competitive in the world market. The necessity to keep and accumulate wealth becomes a fierce battle as the decline of wages progresses. The cost of living certainly is not declining, as often prices for food, gasoline, and housing do not decline in proportion to the wage decline. That is because world demand and also massive speculation by investors is dr…

Andrew Cuomo is only partly right in going after Ken Lewis for throwing Bank of America's shareholders under the bus in the credit crisis meltdown. As background, the bank bought Merrill Lynch, which was so underwater on bad loans that BAC stock tanked.

The reason that Cuomo is only partly right is that he needs to prosecute Henry Paulson and Ben Bernanke as well. The chain of command in getting Lewis to approve the purchase of Merrill was Bernanke ordering Paulson ordering Lewis. I wrote at my Dontpaycreditcards.com website this:

The New World Order is a fascism, an American fascism, whereby corporations rule the world. Hedge funds are an integral factor in that control. Hedge funds, for example, started the stock market rally in early March, 2009, with their ability to leverage their purchasing power. Even CNBC reported this as fact. More importantly, the CEO of Bank of America, Ken Lewis, testified in late April, 2009, that he was required to hide from share…

I posted this at Business Insider in response to Henry Blodget's trip to Davos. If you click on the link you will notice negative thumbs down to my post. I personally believe those interested in Davos are interested in another housing bubble and lending toxic loans. I personally think the housing market is broken for good. Here is what I posted to BI:

Lol, Henry, don't let the goodies corrupt you. :) I would like to know what the Davos folks think of my theory. It is that without lots of 20 percent fixed mortgages, house prices must be volatile going forward. When the 20 percent mortgage was king, back in the last century, house prices were stable. Now, they cannot be stable until either, wages drastically increase, or house prices drastically fall.

All that is happening now is that people are buying or mostly renting as multigenerational households. That is reducing demand and only the cash boys of the hedge funds are keeping the house of cards afloat, pun intended.…