The crash is now faster than the bailout. The real estate bubble popped, now the bailout bubble is about to pop. Time for Glass Steagall Act, like FDR in 1933, or die.
Martin D. Weiss, Ph.D, chairman of the Weiss Group, wrote earlier today in the Money and Markets blog that bank runs are “the final nail in the coffin of any modern economy,” continuing that “once the stampede strikes more than two or three major countries, you could see bank runs all across Europe”--and beyond.
Weiss’ analysis compares the previous European collapse in 2010 to the collapse today. In 2010, however, foreign investors were pulling their money out of weak nations’ bonds. This time it’s depositors pulling out their deposits.
However, the attempts to compare this crisis to 2008 is not only futile, it’s wishful thinking. While 2008 brought the collapse of an entire class of so-called assets, today brings the collapse of entire nations and currencies. Every attempt to “paper over” the crisis has brought trans-Atlantic governments and international institutions to the point where, frankly, there is no more paper!
Tuesday, May 29, 2012
Bellingham Self Storage Real Estate
If you are moving in the Bellingham Washington area, perhaps due to an Ebenal contractor project, you may need a self storage unit. Who knows, you could even be lucky enough to move into the fancy, renovated Young Building in the downtown Fairhaven district of Bellingham, Washington. If you are moving your real estate location, chances are you are going to need some self storage.
Bellingham is a pretty city, and a thriving little town. There is quite a bit of business activity in the area. It is a port and sort of a gateway to Vancouver, British Columbia, Canada, and on to Alaska. If the old North American Water and Power Alliance Project, the water from Alaska and Yukon project, ever gets built, Bellingham will become a hub of construction activity. Dave Ebenal is a big contractor in the area and has been involved in some interesting projects, with I hope a lot more to come.
I saw some of the work that Ebenal General did on the historic Waldron building. It was a mixed use building in the community of Fairhaven, now part of the city of Bellingham. In 2004 this company worked on the Waldron and the Young building. It managed to preserve the original architecture and the restoration project was finished in 2009. The building has an underground parking garage.
he Young building next door is now the home of luxury condominiums. So, overall I think it is an interesting project. The Ebenal group of companies is a family-owned company. The original Waldron building had a real estate office, a general store and a bank. It's interesting to learn about this place, which is a far trip from New York City, NY.
Bellingham is a pretty city, and a thriving little town. There is quite a bit of business activity in the area. It is a port and sort of a gateway to Vancouver, British Columbia, Canada, and on to Alaska. If the old North American Water and Power Alliance Project, the water from Alaska and Yukon project, ever gets built, Bellingham will become a hub of construction activity. Dave Ebenal is a big contractor in the area and has been involved in some interesting projects, with I hope a lot more to come.
I saw some of the work that Ebenal General did on the historic Waldron building. It was a mixed use building in the community of Fairhaven, now part of the city of Bellingham. In 2004 this company worked on the Waldron and the Young building. It managed to preserve the original architecture and the restoration project was finished in 2009. The building has an underground parking garage.
he Young building next door is now the home of luxury condominiums. So, overall I think it is an interesting project. The Ebenal group of companies is a family-owned company. The original Waldron building had a real estate office, a general store and a bank. It's interesting to learn about this place, which is a far trip from New York City, NY.
Saturday, May 26, 2012
Glass Steagall and Real Estate
Passing Glass Steagall would help deflate the stupid real estate bubble. That is good, get the money into production. Get the national bank for credit for big projects, and get rid of JP Morgan Chase.
"Another idea [for today's financial mess] that has some Congressional staffers and legislators talking is a concept put forward by former Kansas City Federal Reserve Bank President Thomas Hoenig that would bar big banks from broker-dealer activities or sponsoring hedge funds or buyout firms outright.
"The move wouldn't be a complete return to the Glass-Steagall Act — a law approved in 1933 and eliminated in 1999 that prohibited a commercial bank from investment-banking activities...." Orol observes that, "Jaret Seiberg, analyst at Guggenheim Securities LLC in Washington, said the Hoenig plan is getting considerable attention on Capitol Hill..."
Time to get rid of deregulation once and for all.
"Another idea [for today's financial mess] that has some Congressional staffers and legislators talking is a concept put forward by former Kansas City Federal Reserve Bank President Thomas Hoenig that would bar big banks from broker-dealer activities or sponsoring hedge funds or buyout firms outright.
"The move wouldn't be a complete return to the Glass-Steagall Act — a law approved in 1933 and eliminated in 1999 that prohibited a commercial bank from investment-banking activities...." Orol observes that, "Jaret Seiberg, analyst at Guggenheim Securities LLC in Washington, said the Hoenig plan is getting considerable attention on Capitol Hill..."
Time to get rid of deregulation once and for all.
Friday, May 18, 2012
Threat to Real Estate
Have you thought of some stranger threats to real estate and speculation on real estate? Take for example, a nuclear war. It sounds bizarre, yet it could happen with the current brinksmanship around Syria and Iran, and by implications, with Russia and China. The British Financial Empire, through their control over President Obama, want to be top dog, even if that means a nuclear war. But, will there be any survivors?
When Obama threatens to repeat his unconstitutional Libya operation, this time against Syria, he is triggering not only a disastrous regional war, but a direct confrontation with the world's second greatest nuclear power, Russia. He ignores Russia's offers of cooperation, and presses on, toward death.
Some in Congress have stepped forward to try to stop Obama's insanity. Specifically, Rep. Walter Jones's HCR 107 declares that any president who launches war without Congressional approval would be immediately subject to impeachment. That's a first step, but unfortunately woefully few have had the guts to join him. Now Sen. Jim Webb in the Senate has put forward S. 3619, to try to stop a preemptive illegal war. So far, he too stands virtually alone.
There can no longer be any ambiguity as to what the consequences of allowing Obama to remain in office will be. Act now to politically remove Obama from office, or you will be culpable for an impending thermonuclear destruction of the planet. As of now, that destruction can be stopped. But only if you act.
Time is growing short, with the ongoing collapse of the Euro, and the JP Morgan derivative loss events. The British Financial Empire needs to take over the world, or surrender. Make them surrender, and save the United States. Get the Glass-Steagall law back, get a bankruptcy reorganization worldwide, and issue national credit for big projects. The North American Water and Power Alliance (NAWAPA), water from Alaska and the Yukon, is one way to put millions of young men and women back to work.
When Obama threatens to repeat his unconstitutional Libya operation, this time against Syria, he is triggering not only a disastrous regional war, but a direct confrontation with the world's second greatest nuclear power, Russia. He ignores Russia's offers of cooperation, and presses on, toward death.
Some in Congress have stepped forward to try to stop Obama's insanity. Specifically, Rep. Walter Jones's HCR 107 declares that any president who launches war without Congressional approval would be immediately subject to impeachment. That's a first step, but unfortunately woefully few have had the guts to join him. Now Sen. Jim Webb in the Senate has put forward S. 3619, to try to stop a preemptive illegal war. So far, he too stands virtually alone.
There can no longer be any ambiguity as to what the consequences of allowing Obama to remain in office will be. Act now to politically remove Obama from office, or you will be culpable for an impending thermonuclear destruction of the planet. As of now, that destruction can be stopped. But only if you act.
Time is growing short, with the ongoing collapse of the Euro, and the JP Morgan derivative loss events. The British Financial Empire needs to take over the world, or surrender. Make them surrender, and save the United States. Get the Glass-Steagall law back, get a bankruptcy reorganization worldwide, and issue national credit for big projects. The North American Water and Power Alliance (NAWAPA), water from Alaska and the Yukon, is one way to put millions of young men and women back to work.
Saturday, May 12, 2012
Real Estate Affiliate Marketing
Real Estate can be easy; Affiliate Marketing can be nonsense; Is it worth the thing you're doing; Turning Bronx into a bag people hotel.
I saw the brand Zac Johnson created; I can say the truth, I was not impressed; Not in the least; In Harlem we'd have said go back to poker.
At the top of Ponzi scheme it's hot; But what about Zac Johnson moral rot; Getting affiliate marketing raves; Leaving dupes at bottom in daze;
But oh well, guess I'll leave my blues at home.
Brought to you by:
Affiliate marketing, social spark, real estate crash, Zac Johnson, zacjohnson.com, affiliate marketing raves, and Ponzi schemes. Plus poem tune by Greg Allman, Leave My Blues at Home.
Monday, May 7, 2012
Real Estate- Use it or Lose it
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Real estate and Katrina
Real estate is not doing that great in New York City and the Bronx, NY, but think if we had a major natural disaster. That is what happened to New Orleans in 2005 with the Katrina hurricane. I saw an art exhibit at the Gordon Parks Gallery at the College of New Rochelle Bronx campus, entitled ”Kamoinge: Revealing the Face of Katrina.” These remarkable photos show the area around New Orleans, Louisiana just after the Katrina hurricane disaster, and several years later. Shown are both the unbelievable devastation after Katrina hit, and the enduring hope of the people in the region. The 2005 photos are an incredible documentary of what destruction. A wrecked church-type of organ shows how the survivors were deprived of important parts of their lives. Likewise, houses were in clearly poor shape, still suffering from flooding in the photo by Frank Stewart “Katrina’s Houses New Orleans 2005.” Viewers see hope amid suffering, with a man holding a sign amid a big pool of mud that his church was coming back, in a photo by Russell K. Frederick, of Rev. Adams, New Orleans 2006. Even if the photo was posed, the sentiment is clear.
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