Why Did Bank of America Buy Merrill Lynch?

Great Interview on Gleck Beck with Peter Schiff. Discussion includes why the dollar will fall and an interesting theory on why Bank of America bought out Merrill Lynch.

The Fed Pumps in 50 Billion — That’s Your Money.

So thats a few billion for Bern Sterns a few billion to Fannie and Freddie and a few billion for wall street.  Wow can the dollar stay strong with all this money being printed?  Oh and check out this little quote from the USA Today.

“Brian Bethune, chief U.S. economist at Global Insight, said that without a rate cut to buffer the pain, “The risks to the financial system and the economy are massive. … The economy is very weak. The recession wolves are pounding down the door.”"

You can read the whole article here.

I predict that everything will hold together until after the election.  But once that election is over hold on to your hats were in for a quick market collapse.  The economy is not fine.  The media is not telling the truth.

vizionkc.com

– Justin of Vizionkc

Worst Market Day in 7 Years.

As was expected today was a horrible day in the market. I don’t expect a rally tomorrow. We are in the storm for sure now. There is no longer any stopping it. I have been skeptical about saying this out loud but I really do believe that hundreds of bank will fail very quickly after the new president ( Probably Obama for Obvious Reasons) takes office. Even if by some fluke McCain was to win hundreds of banks will still fail. It seems to me that our debt based consumer driven economy is finally being exposed for what it is…worthless.

“The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which domino would be next to fall.”

You can read the whole article here.

On the plus side…if you have the money to buy up property especially rentals than your about to make a killing over the next for years. After all people have to live somewhere. And if they can’t buy they must rent.

vizionkc.com

– Justin of Vizionkc

8205 Kenwood is Episode 8 of Nastiest To Nicest Remodels

Hey everybody just wanted to let you know that the latest episode of Nastiest To Nicest remodels has finally been uploaded.  I will go ahead and post the video just below here for you viewing pleasure.