credit / 7 posts found
Can Credit Be More Valuable Than Money?
In this video I provide 4 reasons why credit is more valuable than money. #1 You are defined by your credit score not your ability to pay the debt back. As long as you can make the payment they will allow you to have credit. # 2 Cash is used up once you spend it that is all you have. Why credit you can have access to more as long as you are able to maintain a good credit report and consequently a good score. #3 1 Million Dollars put in a bank provides you with ten thousand a year […]
Are We Being Lied To Financially?
In this video I go over and article that accurately portrays the financial mess we now face. If you listen to the main stream media the financial numbers could never be better but this is pure nonsense. This video goes over a great article from the Burning Platform entitled “Stupid is As Stupid Does”. To put it plainly we are being lied to…
The Consumption Problem In The U.S. Economy
In this video I discuss the inherit problems with a 70 percent consumption economy. An economy based on this as a financial model will inherently produce a financial moral hazard. The problems are numerous including no savings and rewarded for financial stupidity and no financial prudence.
Financialization Of The Economy
We live in a world of Financialization. The term alone is complex, and the problems it has caused our economy is even more troubling. Now I cannot take credit for this term, as I only heard of the term by watching the fantastic work of Gordon T Long and his friend Charles Hugh Smith. They cover this in a 4 part video dialogue. I have enclosed the 4th in this video series because I believe it is the most poignant. Ever since we have gotten off the gold standard in 1971, we have been living and functioning on ever amounts […]
Debt Settlement Companies
In this video I discuss debt, in particular Debt Settlement Companies. I point out there is two things you should know about your Credit and a Debt Settlement Company Any amount that they settle for or forgive will be counted against you as earned income. There is no guarantee the creditor you are trying to settle with will take less. The last time I checked the rules that they made for the banks and Bankers don’t go to jail and bankers get bailed out. So remember these two things when you are thinking about using a Debt Settlement company.