Those of you familiar with US banks may be displeased to learn that in Romania, banks will charge you to deposit money and to withdraw money. It's also customary for them to charge you monthly fees just to keep your account open, and will charge you additional fees for a bank statement, and for internet … Continue reading Romanian banks have it too easy
A video compilation of various Peter Schiff TV appearances (2002-2009) is available on YouTube. The quality isn't that great, but the message is pure gold. He's been saying since 2002 that the US economy would collapse, and he gave solid reasons why it would collapse every time. His messages got more pointed with each appearance, … Continue reading Let's recap where we are economically
I found this photo of a truck advertising the Rialto Theatre on Shorpy. What perked my interest was the juxtaposition of the truck in front of the US Treasury Building. Although the photo was taken in 1925, it's somehow applicable to our times. Doesn't it seem strangely non-coincidental that a photoplay/movie truck would find itself … Continue reading Our economy: a very distinctive photoplay
A bit of a health theme to this edition of condensed knowledge: A new CPR technique was discovered. It's called OAC-CPR (Only rhythmic Abdominal Compression). As its name implies, you only press on the abdomen, eliminating the risk of broken ribs, mouth-to-mouth, and fatigue from pushing so hard. Definitely worth looking into this! Prozac found … Continue reading Condensed knowledge for 2007-09-19
Two easy steps are involved with this: Take 90 minutes to watch Dave Ramsey's video entitled "Dumping Debt". It was posted to YouTube in 10-minute segments. Here they are: Part 1 - Part 2 - Part 3 - Part 4 - Part 5 - Part 6 - Part 7 - Part 8 - Part 9. … Continue reading Get smart about money in 135 minutes
I get digest emails from the Economist every Thursday, on politics and business. Two things caught my eye in today's edition. Chrysler appointed Robert Nardelli as its CEO. This is the same guy that left Home Depot after employee and investor dissatisfaction with his management and personal style, with a severance package worth about $210 … Continue reading Talk about screwing up
Stumbled onto this entry on Vinnie Lauria's blog, listing the bank balances of various world countries. At the bottom of the list... the US of A. Our bank balance: $ -829,100,000,000. Say what?! Yes, according to the CIA, so it's got to be true. How about the US Budget? How's that? Well, according to this … Continue reading The US has a negative bank balance of what?!
In reading the description of the Great Depression posted on the Encarta website, a great number of similarities strike me. As far as I'm concerned, we're in the same boat. We've bought an enormous amount of things on credit, most Americans are in debt because of the prevailing idea of "consumerism", of disposable goods that … Continue reading The Great Depression: past or future?