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Financial Armageddon: Protecting Your Future from Four Impending Catastrophes Michael J. Panzner See book keywords and concepts

Moreover, the backlog of unsold new and existing homes had also increased dramatically—hitting multiyear records—and the National Association of Home Builders' housing market Index had fallen to a 15-year low in September. The year-on-year median price for an existing home also declined for the first time in over a decade. "For Sale" signs sprouted like weeds. Even some normally Pollyannaish construction industry insiders were beginning to ponder out loud about a "hard landing" in the residential property market.

As the pressures from an unwinding debt bubble, a falling housing market, and a collapsing economy continue to grow, the retirement system and other wobbly towers of promises-to-be-broken will soon come tumbling down. i C h a p t e r GOVERNMENT GUARANTEES "The only sure thing about luck is that it will change." —Bret Harte In 1968, Vermont enacted a ban on billboards and roadside advertising to protect its scenic views. According to the Concise Encyclopedia of Economics, one consequence "was the appearance of large, bizarre 'sculptures' adjacent to businesses.

The Secret History of the War on Cancer Devra Davis See book keywords and concepts

The Chinese domestic housing market employs increasing amounts of asbestos cement. Regarding future deaths that this will bring, those making these decisions know but they don't care, much like the factories around China leaking benzene into the rivers. Canada remains, at best, ambivalent on the issue of asbestos. A 1984 Royal Ontario Commission report reviewed the world literature and concluded that the dangers of asbestos were well established. It described the Johns-Manville asbestos plant in Scarborough, east of Toronto, as a "world-class industrial disaster.

Dirt: The Erosion of Civilizations David R. Montgomery See book keywords and concepts

In India, where we would expect farmland to be sacred, farmers near cities are selling off topsoil to make bricks for the booming housing market. Developing nations simply cannot afford to sell off their future this way, just as the developed world cannot pave its way to sus-tainability. Agticultural land should be viewed—and treated—as a trust held by farmers today for farmers tomotrow. Still, farms should be owned by those who work them—by people who know their land and who have a stake in improving it. Tenant farming is not in society's best intetest.

Join the Ron Paul Revolution to Restore Health Freedom to America Mike Adams, the Health Ranger See article keywords and concepts

When the current housing market bubble pops and house prices collapse, this fact is going to become increasingly obvious to everyone. I believe the financial hard times headed our way will make the 1929 Great Depression look like a walk in the park. Ron Paul is the only candidate who will attempt to restore fiscal sanity to this country. All the other candidates -- including Clinton and Huckabee -- will only deliver more debt spending and fiscal insanity. The popular mainstream candidates all believe in fighting our illegal, undeclared "war" in the Middle East.

Financial Armageddon: Protecting Your Future from Four Impending Catastrophes Michael J. Panzner See book keywords and concepts

This optimism endured despite growing signs of trouble in several key areas, including the housing market, the domestic automobile industry, and the commodities pits, where prices of gold, oil, and copper had all touched multidecade highs in a frenzy reminiscent of the late 1970s. Until mid-2006, in fact, the U.S. economy was generally viewed as being in a Goldilocks state. Unfortunately, many observers made the classic miscalculation: they assumed that the disparate pluses and minuses added up to some sort of healthy middle.

Warning signs of the housing bubble crash (part two) Mike Adams, the Health Ranger See article keywords and concepts

You owe $90,000 on a condo that's only worth $50,000 because the housing market popped. The bubble burst. Banks recall their home loans What do you think the bank is going to do? Do you think the bank likes to have a loan out to an individual who owes them $90,000 on property that is only worth $50,000? Do you think they want that kind of risk exposure? Absolutely not. In fact, they will not let it stand. They will recall your loan. Read the fine print on your home loan.

The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century James Howard Kunstler See book keywords and concepts

There were a couple of much newer cul-de-sac subdivisions of a dozen houses each along Route 9N, which were built to accommodate those priced out of the Saratoga housing market more recently. These new houses were remarkably cheap-looking and, of course, flat-out ugly in their proportioning and detailing. At intervals I passed derelict farms with broken-back barns and pastures overgrown with poplar scrub.

Worldchanging: A User's Guide for the 21st Century Alex Steffen See book keywords and concepts

A Prefab Home hh A prefab renaissance is sweeping through the housing market. Prefabrication has been around for decades, but boxy little homes were long considered a lowbrow architectural style. Today's prefab home, however, can be cutting-edge, modern, and minimalist, and in the best cases, ecologically conscious. Like any other industrially produced product, prefabs can be easily modified to incorporate specific features, such as sustainable materials and green design. In this way, we get to bypass much of the tedium and inconvenience of the building and contracting process.

Don't get caught in the housing bubble crash (part one) Mike Adams, the Health Ranger See article keywords and concepts

You don't have to be a genius to figure out that bubble was going to burst, and something very similar is happening today in the housing market. I'll explain all this later. The model of the dot-com bust First, let's get back to the dot-com market, because, in hindsight, it was easy to see that it was a bubble about to burst. Think about what you were doing in 1998, 1999 or 2000. You were probably invested in the stock market. You thought you were doing pretty well. You thought you were building up a huge retirement. Everybody was getting rich, at least on paper.

Warning signs of the housing bubble crash (part two) Mike Adams, the Health Ranger See article keywords and concepts

See the big picture There's no question whatsoever that this housing market will experience a correction. Whether it will prove a drastic bubble bursting, a crash or just a gentle lowering of the market is, of course, debatable. I tend to think it's going to be more of a harsh correction. Why? Because the Government cannot artificially keep inflation rates low in this country forever. I think the deficit spending by the Bush administration is a huge factor in all of this, and that practice stands at great odds with low inflation rates.

This is a warning to all of you to look closely at what's happening in the housing market. I don't want you to lose your life savings. I saw too many people lose their retirement, their homes and their life savings during the dot-com collapse. I saw it happen to family members, close friends and business associates. I don't want to see it happen to you. If I only cared about myself, I wouldn't say anything about this (because I don't own any second homes). But that's not my attitude. I want to help prevent this kind of financial disaster from happening to you. What am I saying, specifically?

Don't compromise your family's residence just to try and make a quick buck in the overpriced housing market. Protect your residence and your family. If you have extra cash, put it into your own house right now. Own your house. This has been a rule I've lived by for many years. You should owe nothing to any bank on a house you live in. In my opinion, until you have 100 percent equity in your own home, you have no business investing money in a second home. You should first give yourself the financial foundation of owning your own home free and clear.

Once you have taken care of that, you can afford to risk cash in the housing market, if you so choose. Until then, you're crazy to do so, and I know a lot of bankers and financial people will strongly disagree with this line of reasoning. They'll say, "No, no, no. Mortgage everything. You should highly leverage your first home and mortgage your way into a second or third home, and you'll be rich when things go up." What they're not telling you about is the potential downside.

What happens when those prices you just paid for those second or third houses are cut in half because the housing market pops? Then you lose your third home, abandon your second home, have to sell your first home, and you still owe money. Don't let that happen to you. Be smart. Pay attention to what's going on. Don't follow the sheep. Do you know where the sheep are heading? They are headed to the slaughter, just like they did in the dot-com boom. People were led right into a financial slaughter, and they got taken, too. Their life savings were taken away virtually overnight.

CounterThink Roundup: Fictional economic gains, canned hunting, and the Cheney blame game (satire) Mike Adams, the Health Ranger See article keywords and concepts

When the housing market corrects, and prices return to rational levels (which is inevitable, by the way), all this consumer spending of fictional home equity is going to look pretty darned ignorant in retrospect. And whoever happens to be the President at that time is going to get the blame. That's why all Presidents try to keep the money easy and the lending cheap. That way, they can pass on their economic bubbles to the next politician unlucky enough to step into the White House. White House blames victim for Cheney's shooting! Nothing is ever the fault of Bush or Cheney, didn't you know?

Don't get caught in the housing bubble crash (part one) Mike Adams, the Health Ranger See article keywords and concepts

You may not know about this: the bank can send you a letter and recall your home loan and require you to pay tens of thousands, or even hundreds of thousands of dollars, because the housing market is rapidly plummeting. I'll cover all that in part two.

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ABOUT THE CREATOR OF NATURALPEDIA: Mike Adams, the creator of this NaturalNews Naturalpedia, is the editor of NaturalNews.com, the internet's top natural health news site, creator of the Honest Food Guide (www.HonestFoodGuide.org), a free downloadable consumer food guide based on natural health principles, author of Grocery Warning, The 7 Laws of Nutrition, Natural Health Solutions, and many other books available at www.TruthPublishing.com, creator of the earth-friendly EcoLEDs company (www.EcoLEDs.com) that manufactures energy-efficient LED lighting products, founder of Arial Software (www.ArialSoftware.com), a permission e-mail technology company, creator of the CounterThink Cartoon series (www.NaturalNews.com/index-cartoons.html) and author of over 1,500 articles, interviews, special reports and reference guides available at www.NaturalNews.com. Adams' personal philosophy and health statistics are available at www.HealthRanger.org.