Everything You Need To Know About The Global Housing Bubble And Why You’re Screwed If You Buy Into It.

Max Keiser and Stacey Herbert on the Global housing bubble! This is what is happening in Auckland and Christchurch too. It is simple. Money is created the moment you put your signature on a mortgage or loan document from a bank. They create it out of thin air and charge you interest on it. You […]

A Zoologist For A Financial Shitstorm And A Wall Street Banker As Our Prime Minister. No Wonder We’re Tanking.

  “Our big problem would be … if Europe goes, China could slow down, Australia would be very badly affected by the China slowdown and that’s the nightmare scenario for us – a slowdown in China, our second-largest market, a slowdown in Australia, our largest market, a weak United States and we’re in a diabolical […]

Can you say housing bubble?

Today on stuff.co.nz it was announced that the NZ house prices were rising at an astonishing rate. I don’t know what the cause is but only in December 2011 it was announced that according to the Economist New Zealand’s real estate was amongst the most overrated in the world together with countries such as Australia, […]

Six months, 343,000 lost homes

NEW YORK (CNNMoney.com) — The number of Americans losing their homes to foreclosure continued to soar in June, according to a report released Thursday. RealtyTrac, an online marketer of foreclosed properties, reported that lenders repossessed 71,563 homes in June. A year ago, just 26,369 homes were taken back. During the first six months of 2008, […]