Death Before Bankruptcy – No Way – Hope is on the Horizon

In today’s economic conditions death seem to be the only way out for many consumers who are consumed by over whelming debt. Although bankruptcies are up in filings for the third year since reforms went onto effect many consumers feel that their options seem hopeless yet they still plug on through the daily grind. For many alternatives such as the housing bailout seems like it’s to strict on its guidelines or to ambiguous in its terms to clearly point out the pitfalls and loopholes used to gain the upper hand in the situation by the mortgage lenders.

While we are in these turbulent and chaotic times we need to keep out wits up, our spirits high so we can see clearly through the stormy and uncharted waters of our financial status. For many it’s all or nothing, the fight seems hopeless will I ever survive? Lawyers go for blood and prey on those challenged in tough times. Are they really giving you the best advice for you or for them?

If you have ever had to seek counsel for filing a bankruptcy you know it’s a gut wrenching and sickened type of feeling. You know you’re in for a life long time of hurt and suffering. However if you’ve exhausted all of your options and you can’t take the pressure of your creditors calling and demanding terms you are unable to afford then you need to seek shelter.

Seeking shelter doesn’t mean go hide, change your address and telephone number it means legal protection for you as well as your sanity. Stop the annoying creditor phone calls; get the debt goons off of your back and regain your sanity back to a time when life was a bit easier and more joyous for you.

Although finding an attorney who is both ethical and sensible to your needs is often an oxymoron in the true sense of the meaning of the word they do exist. When in doubt seek them out. This is when having direct access to a professional organization of seasoned attorneys who are both smart and compassionate to your needs is essential.

We’re not suggesting you seek out a well known discounted legal firm or county legal aid for your personal or commercial situation, we’re merely suggesting you have access to a knowledgeable professionals so that if you don’t like the individual your dealing with you have a back up or two or even three.

Consultations are usually free and can be very informative, although some firms may have a hidden agenda to get your commitment on the dotted line; don’t sign anything until you get all of your facts answered and you feel that bankruptcy will have your best interests covered.

If you have not sought out financial counsel this may be up your alley instead. Remember a professional’s whole status depends on the not only the advice given but the business received. Having a selection of more than one professional can make the difference in your outcome financially as well as mentally.

Get the facts you deserve and never jump to a conclusion, instead rely on a trusted group of professionals dedicated to your overall success, not theirs. Remember no matter where you are today there will always be a brighter tomorrow. Learning the options, facts and different solutions for you are your responsibility. Seek out a close friend or family member even a co worker if you have this type of rapport with the individual; ask them about their experiences and pitfalls.

Ask them about personal triumphs then ask them what advice you might need when consulting with an attorney. Once you have scoured your inquisitiveness and come up with questions you are now armed to tackle the interview. You’re confident and sure about your needs and desires.

Learn the secrets of saving money, making money and creating wealth by maximizing protecting and growing your income. Receive trusted, unlimited advice from our financial counselors, attorneys, and financial mentors that will save you literally thousands of dollars and tons of frustration. You owe it to yourself to seek out qualified advice. Stop walking around in fear and get empowered. Maximize your wealth today.

How to Save a Ton of Money on Your Energy, Power, and Electricity Bill!

We all would like to save more energy each month. Sometimes we are just so busy with are lives that we tend to forget the little things that can save us hundreds of dollars on our energy and electricity bill. As energy rises up during different seasons like the summer and winder, it is important that we save this energy doing seasons like fall and spring. So here are some tips to help you do this!

1) Never run the heater or AC on when no one is home!

2) Always make sure all your air filters are clean!

3) Use the heater and AC only when in occupied rooms (Do this by closing room windows and doors)

4) Use florescent lighting which saves about 50% of your lighting energy bill!

5) Always shut off lights that you’re not using!

6) When buying new appliances, look for the energy star symbol as it is a good indicator of sufficiently saving energy compared to other appliances that don’t have that symbol!

7) If you can use ceiling fans instead of AC, do it! (it is equivalent to lowering the air temperature to a couple degrees)

8) Always close the refrigerator door! (a typical family spend about $10-$20 a year just by opening it 40-60 times per day).

9) Always turn off your computer when not in use! (this can save more than $100 per year)

10) Finally, shut off all other electrical equipment when your not using them!

Hope these ten tips can help you save the earth as well as help you save a ton on your money on your monthly bills! Good luck!

This is Why Bush’s 700 Billion Dollars Bailout Plan Will Fail

Not long ago, the President stood before the American People to make his case for the massive bailout plan that Congress is now working to approve. With the sincerity and the passion that characterize him, President Bush made it clear that “this time is an extraordinary period for America’s economy”. He then went on to explain why he is urging Congress to support his plan to rescue Wall Street.

According to the President, his bailout plan represents the best we can do to solve the financial crisis and stop the mortgage meltdown.

In his plan, the Federal Government would take over bad assets from Wall Street since these assets cannot be bought or sold. They cannot be sold because they cost essentially more than what they are worth.

In other words, when banks issued loans to homeowners with their homes as collateral, they also converted these loans into financial products called mortgage-backed securities. These mortgage-backed securities were then sold to other financial institutions, therefore allowing banks to get the funds they need to issue more loans. As long as this cycle was repeated, the financial market was moving well.

Then, homes’ values started to go down.

When homes’ values go down, they make mortgage-backed securities become less attractive. This is because the collateral against these mortgages is now worth less than what banks want to borrow or sale the securities for. Here resides the key to the financial crisis.

The President’s plan is to buy those mortgage-backed securities to allow banks to have more money.

The theory behind this is that if banks have more money and less risky assets, they will be more willing to lend to credit-seekers.

The main limit with this approach is that while the bailout may in fact put more money in banks’ hands, homeowners will not see their problem solved. They will not be rescued.

Backers of the President’s plan forget that we are in this crisis because homeowners defaulted. They defaulted because they could no more afford payments. At the same time, they could not refinance their mortgage to get better deals because their home was worth far less than what they owed. This created the feeling of insecurity that is now dragging our economy down. And there is even more…

Supposing that after taking over these bad assets Government allows homeowners to make lower and affordable monthly payments; the economy will still face at least one serious challenge:

Assets removed from the market by Government will still be worth less than their face value. The same will be applied to most of the other assets not necessarily concerned by this bailout plan.

As a consequence, most of the mortgage-backed securities remaining on Wall Street will be, in a certain way, less attractive.

Investors will then continue to prefer non mortgage-backed securities since they not only present prospects of better revenues; but they also provide the security that investors want. Examples of options with prospects of good revenues and security are commodities like crude oil…

And when that happens, our economy will collapse dramatically. This is because the housing market is at the heart of America’s economy.

This is the reason why I think that the President’s plan to bailout Wall Street is a very risky plan that will only delay the collapse of our economy.

I believe that what this economy needs is a more efficient plan capable of solving this financial crisis at the root.

I propose a Program that will reduce homeowners’ debt to 80% of their homes’ market value.

How will this work?

On behalf of homeowners, Government will pay all amounts needed to reduce homeowners’ debt to 80% of homes’ market value.

These loans will be issued against promissory notes signed by homeowners.

Rescued homeowners will be required to make relatively low minimum monthly payments.

In addition to this, Government will be allowed to deduct a percentage of homeowners’ Federal and State tax refunds (if available) to help reduce loan balance. Agency in charge of this program will report accounts to credit bureaus on a monthly basis.

The destiny of America’s economy will be placed, once again, in the hands of those who are more able to make it work again: The American People.

Adopting this plan will do 3 things:

First, when Government pays back part of homeowners’ debt, Wall Street will eventually receive the funds that are so badly needed to continue fuelling our economy.

Second, homeowners’ debt will be reduced to 80% of their homes’ market value, therefore making them eligible, once again, to shop for better rates and affordable deals. Paying less for their homes will free some funds that can be used to purchase more goods.

Third, America’s housing market will be back on track, again. The market will be ready for new buyers and sellers, therefore sealing the revival of our economy.

However, this plan can only produce its best results if Congress complements it with a strong regulation that keeps the market under control. Otherwise, greed will once again destroy us.

Ben Modo is an Accountant, a Management Professional and a Financial Consultant. He has earned degrees in Business and Public Administration and he is the author of many published articles in economics and politics. Ben Modo was born in Cameroon and is married to Lydia. Together, they have two children, Stan and Dave Modo. Ben and his family live in the Washington metropolitan area.
Source

Forget Bailout – Here is My Plan

Anyone facing foreclosure knows that in most cases that they have been snookered. Funny how mortgage contracts will adjust for increasing payments, but none adjust down if the economy goes bad.

Now the government is going to give Wall Street a 700 Billion dollar bailout plan. Now this plan is suppose to help the homeowner. It does not address unemployment and loss of jobs, the adjusting of mortgage rates that are the root causes.

Let us think about this:

• Gas prices are higher than ever
• We spend billions of dollars per month in Iraq
• Unemployment is high
• Food Prices have increased
• Most homes have lost value leaving little to no equity
• Utilities such as gas and electric are higher
• Credit is scarce and refinance market is dead
• Average family income is down
• Bankruptcies are high

Who wins?

• Oil companies recording record profits
• Brokers, who have taken money from the stock and equity markets
• Retiring executives from most markets with golden parachutes
• Those who are operating the banks and brokerage firms

Those responsible will not suffer; the good old taxpayer is coming to the rescue. Okay, so we bail them out and have our government, buy the homes that have lost their value in many ways. Now the government will also have to absorb the cost in foreclosure. That is an additional expense.

Here is the major question, with banks and other institutions having dumped all their bad paper on the government, what is next? The answer to that is who knows.

Here is a solution, when you wean a baby off the bottle; you just take it away from the baby. That is what we have to do to the financial institutions. This has to be fixed in part by government but with a ground floor view.

If you want to help those homeowners and reverse the economy here is the plan

• A 6-month freeze on all foreclosures and those up coming for the next year
• A $ 10,000.00 grant to all unemployed homeowners that need to get back on their feet
• An audit on all mortgage companies that financed the sub-prime market
• Allow modification of mortgage contracts on all distressed property
• Allow 6 months for homeowners to get gainful employment (if they are unemployed)
• Invest 100 billion for new “green” energy jobs
• Invest 100 billion in full scholarships in community colleges for new high tech or “green” jobs
• Financial Institutions that hold vacated property will keep them
• Those pending foreclosures will be turned over to the government
• The government will then administrate the process of implementing the above points.
• The mortgagee when employed will modify their contract with the governmental agency.
• Let the private sector sell the vacated properties through auction or other means

This is what I call trickle up economics. The intention is to assist those who are facing financial distress in most cases this will allow the homeowner to pay off their real estate taxes, allow them to find gainful employment. They will also buy food, pay utility bills, and help offset the price of gas. It is a terrible thing when you must commute 20 to 30 miles and do not have any money for gas. You must go to where the jobs are.

There are three types of people affected here, the employed, the unemployed and the multiple dwelling homeowners. The employed would need a modified contract. The unemployed would need a moratorium and financial aid if not eligible for unemployment. Then there are those who have multiple dwelling units which the economy does not directly effect their primary residence.

Implementation can be administered by HUD, the first action that needs to be taken is an instant moratorium on all forecloses and real estate tax liens.

• Set Up Special Temporary Branch under HUD to implement program
• HUD takes all the recorded default notices
• This program will be voluntary to homeowners
• Residents affected will contact a 1-800 number for the financial grant
• HUD will verify the information given
• Homeowner will fill out application and send to HUD via internet, fax or mail.
• HUD will release half of the $ 10,000.00 grant and in 30 days release the other half.
• If Homeowner is collecting unemployment benefits HUD will reduce the scheduled unemployment benefit amount from the HUD payments for the 6 month period
• Homeowner has 6 months to find gainful employment.
• Within the 4 month period Homeowner will contact HUD for mortgage contract modification
• Homeowners who are employed will contact HUD for assistance in mortgage modification
• When mortgage modification is approved by HUD then the Homeowner will start making payments to the mortgage holder of record.

Mortgage holders are not bailed out, but will be allowed have the distressed properties temporarily moved off their balance sheets into a holding company account. This will relieve their balance sheet on a temporary basis, which will allow them to qualify for appropriate credit. They will report to the SEC (if a public company) and HUD the information on the holding company, with complete details. No other transactions other than that of distressed real estate are to be post to this holding company.

When a homeowner starts to make payments on the modified mortgage contract the mortgage holder will transfer from the holding account the original value back to the mortgage holder’s original balance sheet.

In this way everybody wins, the mortgage holder, the homeowner and the government. This plan will result in more jobs; mortgage holders’ credit restored and distressed properties relieved. Of course, there are more details to work out but overall I believe my plan can be implemented in very little time.

John Tebar Certified Life Coach, Author and Entrepreneur sign up for weekly Ezine at http://holisticlifeplanningandresearch.com

Crush the US Dollar and Increase the Debt?

I asked in one of my earlier posts if the US Dollar has bottomed or will the US Dollar crash? What I find fascinating… is that common logic …that the US Dollar should have gotten crushed over the weekend. Well it is 5 am and I am drinking my coffee and looking at the CME Globex…and yes the US Dollar is down…but not CLOBBERRED?

Aren’t we all in this together? Isn’t Western Europe having the same issues as the US? One can’t miss the news and see that Russia closed their markets…eventhough they rebounded almost 25% with last weeks feel good rally.

I assume the US Dollars problem is everyone’s problem.

It is clear the Fed is trying to restore confidence, but it is not rocket science to realize that spending $700 billion dollars on tainted all flavored mortgages and $400 billion on money market funds will boost the national debt even further and put us more into debt.

It is PRINT AND TAX time!

Isn’t or Wasn’t the US Dollar the BASTION of security? Maybe it still is regardless of the fact of all our economic problems. It is extremely unsettling that people who paid their bills ..Saved their money in US Dollars and now stand the potential of losing purchasing parity due to the GREED of Wall Street and the banks.

Where were the regulators restricting banks from lending to speculators who would buy a house with no money down…and look to sell it to potentially other investors?

Ok …let’s say the regulators missed that… which is possible… If someone wants to make a stupid loan… Ok great…that is their issue.. But why should we the tax payer, the hard working saver have to bail the banks out for their GREED?

The dollar fell against 14 of the world’s most-traded currencies on Sept. 19 when the FED unveiled their restructuring plan. The feel good rally of the Standard & Poor’s 500 Index of 4 percent maybe was just that.

FEEL GOOD!

Confidence building!

But for who?

I will feel good once we have a strong nation again and a responsible govt who supports the US dollar instead of bailout for the most stupid bankers of this century (probably all time).

How many of you realize that this unprecedented government intrusion into the markets will increase the US debt ceiling by 6.6 percent to $11.315 trillion.

Another nice thought in order to protect our money and hoping to get a return of money……not a return on money.. …that just by putting our money in short term US govt interest rate vehicles we are losing money due to inflation and taxes.

Will the Feds plan end the US Dollar rally that began in June and drove the U.S. currency up 10 percent versus the euro, 2 percent against the yen and almost 13 percent compared with Brazil’s real? I have no idea…However. I would not be surprised if people start looking at the Brazilian Real which has a higher interest rate and in many ways a self sufficient economy.

Andrew Abraham

Who is to Blame For High Gas Prices?

With only the possibility of John McCain and Barack Obama, I would say that whose to blame for high gasoline prices has been the most played news story across every media network over the last month or two. The national average for gasoline peaked earlier this month around $4.11 per gallon or regular 87 octane and has recently come down to about $4.03 per gallon. This obviously is a stark increase from the price range around ~$2.50 that we had seen during 2006 and 2007. The issue becomes even more important than “just an extra” $2.53 per gallon as our economy and lifestyle are based on the consumption of gasoline for transportation. The biggest question on everyone’s mind is who is to blame and how can we fix the problem? Like many other questions concerning energy, the answer is not nearly as simple as the media would have you believe. Warning: The information you are about to read may be completely foreign to you as none of the 6 major media networks have ever reported truthfully on this topic in the past.

It must be the E&P companies, right?

Not as much as you would think. While it is true that the exploration and production companies have to make some profit, when you look at the numbers the results are not as horrifying as you may have previously thought. Let’s take a look at the profit margins of some of the larger E&P companies (all of the numbers are for the trailing twelve months):

* Apache Corp. APA – 29.95%

* Anadarko Petroleum APC – 3.78%

* EnCana Corp. ECA – 14.77%

* Occidental Petroleum OXY – 29.2%

* Suncor Energy Inc. SU – 17.98%

* Microsoft Corp. MSFT – 29.26%

Now its time to play the which one of the above is not an oil and gas E&P company game? If you guess Microsoft, you probably have a bright future ahead of you and I wish you my sincerest congratulations.

This is only one example, Goldman Sachs GS has a profit margin of 23.68% and Intuitive Surgical ISRG has a profit margin of 24.68%. Many of the energy companies actually have lower profit margins than companies in other sectors. They are not the ones that are charging you too much for the goods you rely on, they are just participating in the free market economy and helping you achieve economic satisfaction more so than most of the other companies in the world.

Well then it has to be refiners?

This is definitely the last person who is causing your wallet to thin. The refiners (excluding the major integrated companies that incorporate refining and marketing activities into their overall business structure) bring the least to the bottom line when compared to the other sub-sector of the energy universe. The problem with the refiners is that since they do not produce the oil, they are reliant on spot market prices for the input of their product. This difference is called the crack spread. The crack spread is the margin refiners make when the take a barrel of crude oil and “crack” it into another form, either gasoline, heating distillate, diesel, or a number of other products. Generally crack spreads are quoted in the 3:2:1 ratio, or 3 barrels of crude are cracked into 2 barrels of gasoline and 1 barrel of heating distillate. Recently the crack spread has been in a state of free fall as highlighted by the stock prices of Valero Energy Corp. VLO, and Tesero Corporation TSO falling more than 45% each while the rest of the energy sector rallied.

Gas station owners, thats it!

Unfortunately for gas station owners, they fall into a similar category as the refiners. They do not produce the gasoline, so their input prices are out of the control. Because there is a high level of competition and a bunch of stingy consumers, they are not able to raise prices as quickly as they would need to in order to maintain historical profit margins. More than 1,000 gasoline stations closed in the United States last year, many of which were actually losing money every time they sold you a gallon of gasoline because of the rate at which gasoline spot prices were rising over the last year and a half. You should expect more gas station closing through 2008 and maybe into 2009. The business has become so unprofitable that Exxon Mobil Corp. XOM has recently announced that they are planning to sell at least 2,500 of their company owned gas stations in the United States during the next year, mostly likely at steep discounts to their worth even 3 months ago.

What about the government?

If you read my article concerning McCain’s Gasoline Tax Holiday you would know that the government sponsored gasoline tax really has little to no effect on the price of gasoline that consumers pay at the pump. The government definitely has an indirect effect on the price of gasoline due to the current drilling policies. If all United States territory was opened, not only would the markets discount this news into the future and lower energy commodity spot prices but the supply that would come online within 2-3 years would cause the price to be pushed downward in the long run. There is also a counter argument that some day we may actually need those reserves for something truly important, not just saving you a few dollars per fill up. That type of ethical issue is one that is difficult to address because facts will not allow either side to be completely “right” or “wrong” no matter how long the topic is argued. I’ll let you make your own decision on that one.

Wait a second, it can’t be my fault can it?

Actually, yes it can. The unfortunate news is that we as consumers are the cause for almost all of the rise in gasoline price. It is not just “us,” it is actually consumers all around the world who are driving up the price. Because crude and gasoline trade on global exchanges, it is not just the United States thats affects the prices, contrary to popular belief. Increased demand from India and China as well as the rest of the developing world is one of the major factors contributing to the price inflation. For example, an American used 25 barrels of oil per year while the Chinese only use 3 barrels per person per year and the Indians only use 1 barrel per person per year. Gasoline prices could become really frightening if the rest of the world would demand even 25% of the consumption that we have grown accustom to over the past century.

Another important factor is worldwide inflation. Inflation rates are growing at historically fast rates around the world. The United States has year-over-year inflation growth of 5% (if you believe the government data which many experts are suggesting you should not), China is over 8%, Russia is over 9%, so on and so forth. With all of this extra money, it is easy to see that a good portion of the price appreciation is do to the fact that people have more nominal dollars to spend, even if each one is worth less and less every day.

Our modern American economy is so heavily based on petroleum products to function that there is only a certain amount of demand that can be destroyed at these low levels of gasoline prices (I know that sounds ridiculous to say, but bear with me). Children have to go to school and adults must go to work, no matter the price of gasoline. Use yourself as an example. Would you quit your current job because of gasoline prices? At what price would you consider quitting your job? At what price would you have no choice but to quit your job? For most of you, these numbers are going to be much higher than the current price of gasoline. Many of you would be shocked to believe that gasoline spending per capita is actually only half of the historical high percentage that was reached during the 1910s and the 1980s. Do not believe for any moment that gasoline prices cannot or will not appreciate from here.

So what can we do? Are we doomed?

We are not doomed. I for one am long on the idea that the United States will be able to innovate and solve this problem. The solution won’t come from the government, but from the free markets. Only time and extreme necessity can drive us closer to the solution, but I assure you that one day it will come. I will discuss the solutions in another later article, but you should not feel as if there is no hope for America because there most certainly is going into our bright future.

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Oil, Energy, and Congress

Now that Congress has recessed for the end of the summer, what are we to make of the energy situation? At this point, I’m getting tired of hearing that $4.00 gasoline is good for me. How can it be good when Americans are spending less of their money on other goods and investing in their gas tanks? Is it good that transportation costs have sent my food bill sky rocketing? Is it good that many Americans have shortened their vacations and cut back on their entertainment spending? Is it good that the working poor are struggling between putting groceries in their home and fueling their cars to get to work?

Apparently our Congressional leaders and one presidential candidate say the answer is yes. While our Speaker of the House is trying to “save the planet”, the rest of the world is out trying to find more oil & energy. Let’s look at few recent examples:

  • Egypt announced last week the start of a 9 billion dollar oil refinery and petrochemical complex, which will be located on its north coast. The complex is expected to begin operation in 2010 and will be completed in 5 years. The facility will refine 350,000 barrels of oil per day.
  • The Tupi deepwater oil field is located offshore of Rio de Janeiro, one of Brazil’s best tourist destinations. Last November, the Brazilian government announced that the location could contain five billion to eight billion barrels of oil. The Tupi oil field is expected to begin producing 100,000 barrels of oil in 2010, according to Petrobas, Brazil’s national oil company. Petrobas hopes to bring production to one million barrels a day in about ten years.
  • Finland is building a 1600 megawatt nuclear power reactor. The country currently gets 28 percent of it electricity from nuclear power.
  • Japan is working to increase its nuclear power production of electricity from 30 percent to 37 percent by 2009 and 41 percent by 2017.

Now, besides threatening to sue the Saudi’s and adding more taxes to oil, what has the United States government energy policy done? Let’s look at a few examples:

  • From 2000 to 2007 domestic crude oil production fell 12.4 percent
  • Through a congressional mandate, 85 percent of the Outer Continental Shelf is off limits to oil exploration. It is estimated that the Outer Continental Shelf contains 90 billion barrels of oil
  • The Artic National Wildlife Refuge (ANWR) is estimated to have 10 billion barrels of oil; in 1995 President Clinton vetoed a bill authorizing oil production on 2,000 acres out of 19.6 million.
  • U.S. Senator Ken Salazar, Colorado, inserted language into the omnibus spending bill last December that places a moratorium on enacting rules for oil shale development on federal lands. The Green River Formation is estimated to have as much as 1.1 trillion barrels of oil shale.
  • As mandated by the 2007 energy bill signed by President Bush, the U.S. is now required to mix 9 billion gallons of biofuels into the gasoline supply. The mandate is met primarily with corn-based ethanol. At the start of the biofuel mandates, corn was $2 per bushel. The price of corn now is a little over $6 per bushel.

It seems the more our government gets involved, the worse the situation becomes. And where did common sense go? If I see that you need water, I wouldn’t send you to a desert to find it. Yet, that’s what we do with our oil exploration. Try to find it where we don’t know if it exists.

From 2000 to 2007 American oil companies increased the drilling of exploratory wells by 138 percent (on those 68 million acres of existing leases); oil production still fell to its lowest level since 1947. The American Petroleum Institute reported that oil companies had the highest second-quarter oil well activity since 1986.

The United States has successfully developed other forms of energy; clean coal plants, nuclear power, natural gas plants, solar & wind energy. Our most efficient and cheapest forms of energy production are under constant assault from the environmental movement. The U.S. uses 760 gigawatts of power plants to meet current needs. The North American Electric Reliability Corporation (NERC) estimates that we will need 135 gigawatts of new capacity in the next 10 years. As of now, only 57 gigawatts of power plants are planned. Why?

  • 59 coal-fired plants were canceled in 2007 because of anticoal activist.
  • U.S. production of natural gas is beginning to decline because of environmental restrictions on exploration.
  • The National Resources Defense Council (NRDC) succeeded in stopping 13 natural gas power plants in southern California.

We have the best scientist, engineers and technicians in the world. Give them the opportunity to solve this challenge and they will. There are many private companies working on new technology to bring to the market. If our government is going to pick winners and losers through subsidies, many companies will not get into the market.

For example, NuScale Power, an Oregon-based startup company, is seeking federal clearance to begin its project to build a mini nuclear reactor. The reactor can power 45,000 homes, is 65 feet long and has no visible cooling tower. NuScale states that these reactors require no maintenance and do not need to be refueled. At the end of its useful life of about 30 years, the plant is returned to the factory.

This type of technology should be welcomed and encouraged by all. With a small footprint & no carbon emissions, these plants could replace many traditional coal and gas-fired power plants.

This situation does not require a billion dollar bail out from our government. Nor does it require raising taxes on the oil companies. Remember, we tried the windfall profits tax with President Jimmy Carter. That led to a 6 percent drop in the production of oil and a 15 percent increase in oil imports, according to the Congressional Research Service.

If congress would step back and allow all of the energy companies to explore and develop energy in a responsible way, we would not have to struggle with high energy costs. Take away all of the subsidies and let the market decide which means of energy is cheapest, environmentally sound and durable. American technology is more than capable of producing efficient energy and protecting the environment.

Instead of trying to spend more of my tax dollars, why doesn’t congress spend more of their time, which we pay them for, to fix the regulatory landscape of energy production. Congress needs to enact some common sense environmental regulations. If they do, the market will give us a diverse supply of energy that is reliable – American made – and affordable

It’s time to streamline & simplify this process, now.

Xander is a writer & researcher of current events. For more information, visit his blog at http://xander-xee.blogspot.com

The Real Issue No One Talks About

The cable business networks are all a flurry with discussions about rising prices, bank failures, and our failing economy. But I have noticed something critical missing in these discussions. Seldom is anything mentioned about the underlying cause of our troubles…The worthless piece of paper we call the dollar!

The question is why?

How many times have you wished you could print money to pay your bills like our government does? It would be great if you could, wouldn’t? Of course, we are not allowed to print our own dollars to pay our bills like the government does to pay its bills.

Whenever private citizens do print money, it’s called counterfeiting. When the government prints money it’s called funding. Either way, whoever prints it, it’s still a worthless piece of paper. And the only reason this worthless piece of paper remains in demand is that people believe in it. They have “faith” those worthless pieces of paper have value.

Years ago, paper dollars were certificates redeemable in silver or gold. The value of those silver and gold certificates was the silver and gold on deposit in banks. Anyone could redeem those certificates for the precious metal they represented. In other words, it was the silver and gold “Payable to the Bearer on Demand” that gave paper money its value. But no more.

Today, paper dollars are just that: Paper! They are called Federal Reserve Notes and have no value other than the paper they are printed on. They have no redemptive value and bear no promise save debt.

If the paper dollar does have value, its purchasing power can only be measured by how many other paper dollars are out there. In other words, the more our government prints more dollars, the greater it lessens the value of every other paper dollar in our pockets. And as it turns out, our government must create billions of new paper dollars everyday just to pay the interest on its increasing debts.

It is this ever-growing mountain of debt and paper dollars that is behind rising prices. It explains why banks are failing, home prices are falling and why our economy is failing.

So the question is raised: Why are not more people talking about this worthless piece of paper called the dollar? Why do we hear so little about it on the cable business networks?

Is it because if the truth be known about the dollar no one would want them anymore? Is it because this truth would cause world-wide panic and disorder?

Certainly it would, but I believe there is another reason. It’s called ignorance.

So long as the population at large remains ignorant about what gives paper money its value, the ruse of paper money having value will continue until this growing mountain of paper implodes on itself.

This mountain of worthless paper money has been growing for over 50 years. It cannot continue to support its ever increasing weight much longer. The time is very near when, by rule of natural law, it will implode on itself. History is replete with examples of this phenomenon

When this time comes for the U.S. dollar, those left holding paper dollars, and those left depending on paper money will suffer terrible consequences.

The pundits on the cable business networks are telling people who have 401ks, Mutual Funds, and the like to “stay the course.” They say, “The stock market will eventually rebound as it always has done in the past and grow to new highs.” And maybe it will for a time, but to what end?

Stock certificates are measured in worthless paper dollars. When the time comes and this mountain of paper money implodes on itself, of what value will stock certificates, 401K’s, bonds and Mutual Funds be that are measured in dollars?

The Bible says, “The prudent see danger and take refuge, but the simple keep going and suffer for it.” (Proverbs 27:12). If you are prudent, you will take financial refuge in something other than in paper dollars. You will convert as many paper dollars as you can into time-honored silver and gold. For the time will soon be upon us when worthless paper dollars will be widely recognized for what they are: Worthless!

Jim Lynn is a writer and webmaster for Survive Economic Collapse, a website filled with”how-to” videos and articles to survive the coming collapse of the dollar. http://Survive-Economic-Collapse.com

#1 in Drug Use, Millions of Americans Make Declaration of Dependence

Headline: Americans are world’s top drug users: study “Americans are the world’s top consumers of cannabis and cocaine despite punitive US drug laws…”

We also rank pretty high (or low, depending upon your perspective) in pharmaceutical drug use. Why on earth would a free people need to “escape” via the chemical manipulation of their biology? That’s a bugger of a question because it might force us to take a mirror to what we believe our country to be.

When government stays within its constitutional limitations, the people are free to reach their full potential. However, when government usurps the sovereignty of the people, even if the people beg to be cared for, their “full potential” gets redefined and limited at the whims of the bureaucratic oligarchy. Americans take more drugs than any other nation despite the trillion dollar war on drugs waged against them. You would think that at some point it would become obvious that war declarations, much less police-state operations against mind-altering substances, are futile. But perhaps futility is the point.

When you feel powerless in any relationship, you may become despondent and thus a bit self-destructive. Whether it be voting within a two-party system, a war on cancer, poverty, AIDS, drugs or terror — we have been “gifted” with Hegelian dialectics without end. Is our end in sight? Man, in his arrogance, thinks that he can destroy Creation itself, since he is full with the illusion that smallpox and polio were eliminated by his scratch and sugar cube. However, disease, like poverty can never totally be eradicated, because you can’t eradicate a state of consciousness. It has to be won everyday, first, by what you believe, and then by what you do based on those beliefs.

While healing an individual may be organic “cake”; eradicating disease in TOTALITY for the masses is tantamount to the medicalization of all life according to Marx and Engels. Sure, it may sound good to those hopelessly naive, but it stands four-square “in the way” of the freedom of the individual. Collectivists don’t mind doing that, but the republic, for which it has stood for over two centuries, used to laugh and pity those who did not understand the value of individual liberty. Now much of what is left of a free republic appears ready to eschew liberty for (false) security because of externalized threats.

Despite my avowed mission as a healer, I am not “for” eradication of disease. In fact, healing is not necessarily the cessation of an allopathic diagnosed ailment. My “medical” suffering has taught me invaluable lessons which I could not learn in any other way. Why would I want to take away anyone else’s opportunity to learn the things that I have — or greater? This utopian concept of disease eradication is hopelessly collectivist and rooted in an immaturity of spiritual, much less biological understanding.

While I am “all for” the freedom to eradicate disease in any way you see fit, it is always to be applied on an individual basis, not based upon some animalistic concept called “herd” immunity. When thousands of people are sick, you are not sick because they are. The conditions for illness are created from within. Even when you accept “reality” placed upon you from an external source, it is an internal agreement that allows the veil of illusion to shield your eyes from the truth.

The “human condition” is to EXPERIENCE all of life so that we know what it is like to walk in another’s moccasins. It used to be that Americans valued liberty above all else. Now it seems that the majority of those who are politically active (at least those covered by the MSM) favor socialism, communism or fascism. Under a constitutional republic (not a majority-rule democracy), the rights of the smallest minority are protected against the knee-jerk fear and emotionalism contained within the historically and presently ignorant, government-loving mob.

While each individual chooses to take drugs for different reasons, I am certain that a culture that embraces liberty to its fullest extent will have far fewer chemical-dependents. The culture in which the people depend upon government to dole out a little liberty here and there is the one filled with drug addicts, both legal and illegal. Why wouldn’t it be that way — isn’t forced dependence depressing?

The path of liberty is the only path that leads to independence. Yes, that means you are at liberty to screw up and get sick along the way, but how else can you learn of the right path if you don’t know what it is like to be on the wrong one? Maybe Americans are craving the path of dependence so that they will appreciate the path of individual liberty once again, as much as they crave oxygen while drowning. I only hope that we come up for air in time.

Perhaps you would like some liberty infused oxygen in your media? Why not give Break the Matrix a try?

Robert Scott Bell is a Homeopathic Practitioner and nationally syndicated talk show host on Talk Radio Network. To read more of his articles, listen to his podcast and more, go to http://robertscottbell.blogspot.com

Someone Stole My Country

I recently was sitting in the Atlanta International Airport with a (2) hour lay-over. I had some time to just think and look back on my own life. I had read the newspaper and was tired of surfing the net, when a couple of our “warriors” passed by and sat down a few rows away from me.

This kind of choked me up to the point that I think I had a tear in my eyes. Theses “warriors” in their fatigue uniforms looked like “little boys”. Hell, half of them didn’t even have to shave. But, the look in their eyes told a story and that prompted me to sit down and put my thoughts on paper.

Here was the “little boy” from next door that you never thought was a “trained” specialist in warfare, walked into dark unknown buildings, knowing that the enemy was just waiting for him so he could “kill” him in the name of some “kockamaney” idea of being brainwashed into “killing all Christians”.

This little guy from down the street went to Iraq or Afghanistan or Somalia or wherever he was sent to give all of those displaying “hate, fear and terror” the opportunity to do that without fear of any reprisal. What a country. This young “warrior” also gave the twisted minds of the media a chance to sell space by sensationalizing views of what they think sells print and NOT giving the American people the real story.

I asked one of these kids, “What are we doing over there to make those folks like Americans”? The answer was not what I expected, nor would I read it in the New York Times or any other bottom line media enterprise. The answer was this. “Those people in Iraq want America to succeed, because they want their children to be able to go to America”. Put that in your pipe you “mis-informed journalists, politicians, bureaucrats and any other idiot” trying to hypnotize, US, THE AMERICAN PEOPLE.

Since America declared its independence this country has always been the “hope of the world” as a place to provide the dream. Things have not changed from over (200) years ago. America’s young men and women have always answered the call to defend our liberties all over the world and the pride that we all have in our hearts for today’s hero’s is no less as fierce as that which was evident during both world wars.

Now, lets look at reality. Here we are a land of sincere, hard working honest and God fearing people. I read on the Internet about the words “etched in concrete” THAT are embedded into the entrance into our supreme court. “In God We Trust” and there is also an image of “Moses with the ten commandments”.

I also read about a message that sits on top of the Lincoln Memorial that talks about our founding as a land based on Christian Ideals. None of the activists can scale the Memorial to deface the message and I would venture to say, none of them even know about the contents.

Latest surveys show that over 87% of the American people want the flag displayed in schools and at all public events. The survey also emphasized that “In God We Trust” MUST remain on our currency. Hell, no one can trust the “fun house” in Washington. We all know the secret to winning an election. Just surround yourself with enough losers and you become a winner. Tell them what they want to hear, tell them what you told them and finally tell them what you want to tell them. “Paralysis from analysis”.

So, with those numbers, IF I WERE PRESIDENT, I would follow the lead of the folks in Australia. They simply told EVERYONE, English is our spoken language, you are free to enjoy our country. BUT, if there is anything that you don’t like or cannot learn our language, you are FREE TO LEAVE.

IF I WERE PRESIDENT, I would let ALL of the media know, without restricting the “freedom of speech” that “behind the scenes” advertising dollars from big corporations that enjoy the “coziness” that they have with both the Democrats and Republicans will be scrutinized unless they direct some of their dollars to those media outlets that “let the American People” know the truth.

Call it “arm twisting, extortion” or whatever. But the “monkey house” in Washington has been “twisting arms” for hundreds of years. What else is different? I would also bring the leaders of our educational institutions into one big “backyard barbecue” and let them know that their “alumni dollars’ would be VERY highly scrutinized by the IRS as that tool has been used appropriately in the past to acquire results.

Now, for those activists that seem to crawl out of the cracks like “cockroaches” with their message of “hate America” I would, as your President arrange for an all expense paid trip to the vacation spot of their choice. To, the land of “no free speech” and a chance to “enlist” into the army of hate that they so willingly want to support.

If, I could, I would restore the MANDATORY taking off of your hat (males) at all public events. I would make it a law that when the national anthem is played, EVERYONE either salutes the flag or places their hand across their heart, just as our warriors do every morning and every night living thousands of miles from the comfort of their home. Everyone would have to stand during the playing of our national anthem. The only ones that cold sit would be “old folks” and “disabled veterans”. Hell, most of them that I know would stand out of “patriotism”.

Now for this religious extremism that is “rampant” because it is very easy under our constitution to express “freedom of speech”. My old accountant once said ” If someone wants to make an ass out of themselves, DON”T stop them.”

As our youngsters are taught the “real history” of our country, the pledge is restored into our schools and the national anthem resounds through ALL the halls of public gatherings then and ONLY then will sensibility survive. No longer will the media feast on “negatism” but by DEMAND have to report on the emergence of national pride.

Yes, someone STOLE MY COUNTRY, and I want it back. I don’t care how many people don’t like my country, I just want those that love it to stand up and let the world know “what a wonderful country the USA is”.

Respectfully, Regis Sauger

Regis Sauger is a licensed Mortgage Broker in Florida, an author, lecturer on credit awareness. He has conducted seminars for underwriters, attorneys, mortgage lenders, realtors and the general public. http://www.foreclosurewatchdogs.com/