In part 1, we detailed just how Hugo Chavez has effected the complete government takeover of the Venezuelan private sector including banks, farms, food stores, etc. His method of operation is not unlike Barack Obama’s recent onslaught upon the U.S. private sector, specifically the banks. With the passing of the Dodd-Frank financial reform bill in 2010, we see that… Read More »
In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.
On September 18th, the FDIC announced two more bank closures that would require funds from the insurance corporation in-order-to protect depositor’s money. This month alone there have been ten bank failures and the month isn’t over yet. There were fifteen closures in August and at the current pace, it’s entirely possible that September will have… Read More »