Posted tagged ‘H L Mencken’

Is College Education a Bubble

September 6, 2010

Please note that the only apparent place to get student loans is now the U. S. Government. The entity that knows more about your needs and wants than even yourselves. The education bubble may not burst today, but it surely must.

Look at the housing bubble, a similar situation with Fannie Mae and Freddy Mac holding or guaranteeing most of the mortgages  loans in the US and maybe some foreign nations also.  This situation took several years to develop, but develop it has and continues.

Read the following article.

Monty Pelerins World » The Soon to Burst Education Bubble.


Could 62 Million Homes Be Foreclosure-Proof? Is yours one of them?

August 27, 2010

When I read this it brought back the memory of a story told us by one of our school families about one of their acquaintances. Seems like this acquaintance had fallen on hard times and was several months behind in his mortgage payments. The time frame was about the start or the first few months of the Obama regime. Anyway the acquaintance wrote to someone and asked for some Obama sized relief.  Several months passed with the acquaintance making no further payments, then he got the deed to his condo with a letter stating something to the effect that they couldn’t find the mortgage note and so he now owned the condo free and clear. When we first heard this we just thought that the mortgage had passed through the hands of so many financial institutions that it had been lost in the paper work shuffle.

Maybe the mortgage was lost or this article could be the answer?

Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof? by Ellen Brown.

Monty Pelerins World » Our Patrick Henry Moment is Here

August 1, 2010

The following article is very  apropos for  today as we face an election that will change our future for a long time to come.

Monty Pelerins World » Our Patrick Henry Moment is Here.


VERY IMPORTANT – Why We Will Continue to Decline « Monty Pelerins World

June 27, 2010

Below is a link to a blog that we found. I really can’t add anything to this article.

VERY IMPORTANT – Why We Will Continue to Decline « Monty Pelerins World.


What 1946 Can Tell Us About 2010

April 6, 2010

Here is some very interesting statistics about the end of WWII and a comparison with our current economy and political enviroment. Click onto the article from The American, A Magazine of Ideas

What 1946 Can Tell Us About 2010 — The American, A Magazine of Ideas.


Five myths about America’s credit card debt –

February 4, 2010

This looks like a very good article from the Washington Post. I am sure you have heard there is a new law going into effect this month. The author of this article doesn’t think it will fix anything or much in any case. The credit card issuers have had since last spring to raise their payment level and their interest levels.  He indicates if you already have credit card debt you won’t be helped by this legislation.

You should share this with your students or parents. It also gives a history of credit cards.

You might also be interested in the fact that Chelsy Clinton and one of the Biden boys have very lucrative jobs with credit card companies or bank credit card divisions

Five myths about America’s credit card debt –


Priceless: How The Federal Reserve Bought The Economics Profession

January 30, 2010

Here is a great article that will let you know how we can get an incompetent economist re-appointed to the Federal Reserve. One of the things that should have been done when this recession, depression, or whatever it finally ends up being. I am thinking depression. When this was first discovered the Fed Chairman and members of the OMC should have been fired and the Fed disbanded. They all missed the signs of trouble.

Read the following article for the facts.

Priceless: How The Federal Reserve Bought The Economics Profession.