Welcome to Educated-Wealth.Net your comprehensive Debt Elimination resource. Our mission is to give you the facts you need to educate and access the services to live a debt free life!
Just this morning I spoke with some one who contacted me about their Debts ..both Secured (home mortgage) and Unsecured debt (credit cards) after they had received and reviewed the services/solutions that I offer. We had a lengthy conversation. More or less this person said that ultimately, facing an impossible financial situation they just might walk away from this mountain of debt. Yes, we see the decision to walk away from debt being taken by many American families. As much as they understand (right or wrong) that they have made a moral obligation to pay their debts, it is their choice to do the immoral thing and walk away. But the point of this writing is a question... What are the COSTS of Walking Away from unbearable Financial and Moral DEBT?
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"The good news is that all top 20 cities recorded declines in foreclosure filings in the last three months of the year.
The bad news is that the foreclosure plague is spreading beyond these usual trouble spots, according to RealtyTrac's CEO, James Saccacio. And, nationwide, foreclosures grew 21.2% during the year.
"Areas like Provo, Utah, Fayetteville, Ark., Portland, Ore., and Rockford, Ill., all posted foreclosure rates above the U.S. average in 2009," he said. "And markets like Honolulu, Minneapolis and Seattle saw foreclosure activity increase at more than twice the national pace over the past 12 months."
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In the early 19th century, the little British Channel island of Guernsey faced a problem. Its sea walls were crumbling. its roads were too narrow, and it was already heavily in debt. There was little employment and people were leaving for elsewhere.
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This is the article referenced to below… Don't lecture us: Arabs tell Obama Or is it that we are all telling the ruling class worldwide “What's he going to do for us?” Return Life, Liberty and the Pursuit of Happiness?
CAIRO (AFP) – "Obama is just a prettier face…from an electrician in Cairo and further that Pres. Obama’s intentions may be right but that he does not expect much. I am so much happier with the change from Bush to Obama.
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We are being told that the Stock Marking is rebounding as a result of consumer confidence. Yea, this week, the reality is not that simply as job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures.
This is a great sources for anyone wishing to know "what is going on" in these dire financial times. I have referenced Catherine Austin Fitts many times. You won't hear very much from her or about her view in the main media. She knows as an insider how the system works. So her interviews are truthful and she tells it like it is--Pulls No Pushes. If you are concerned about the direction the country and world is going, how it will affect you and your family, and how to survive and thrive, I urge you to subscribe to her News Blog.
This Week at the Blog
Goldman Sachs remains in the hot seat this week, agreeing to pay $60 million to the Massachusetts Attorney General for subprime mortgage shenanigans and seeking to repay TARP funds to avoid restrictions on employee compensation. Goldman showed up as one of the financial industry contenders for "Worst Corporation of 2009." As a secured creditor on Chrysler, Goldman took quite a write down but it looks like they did a lot better than the dealers.
* Goldman to Pay $60 Million in Subprime Settlement with Mass AG
* Morgan Stanley, JPMorgan, Goldman Said to Apply to Repay TARP
* Vote for Worst Corporation of 2009
* Chrysler and GM to Dealers: Drop Dead
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Doctor of Psychology and Metaphysics, and lifelong student of the human mind, Eldon Taylor discussed his work in mind control and brainwashing, subliminal suggestion, lie detection, and reverse speech. The intent of his new book Mind Programming is to make people aware that marketers are spending billions to influence their minds, and that armed with this knowledge they can take back the power of their mind.
Power to the People: Catherine Austin Fitts has spent her career trying to bring economic independence to individuals.
Katherine Austin Fitts is correct: only WE can fix this thing.
Otherwise we will have to accept what 'they' are giving out.
I don't know about you, but I don't want ANYTHING from the criminals
that have created this mess, except for them to be serving long prison sentences.
The 'Bubble' economy must end now. You need to share this with whole presentation with all my family and friends.
SO many great ideas were shared during this show.
LEWISBURG, Tenn. — Five years ago, this small factory town was struggling to pay the interest on a bond for new sewers. Bob Phillips, Lewisburg’s part-time mayor and full-time pharmacist, was urged by the town’s financial adviser, an investment bank named Morgan Keegan & Company, to engage in a complex financial transaction to lower interest rates.
The guest will be Dennis Santiago of Focus Consulting Group. We have referred several home-owners in foreclosure or soon to be in foreclosure to FCG over the last year. If this is not an issue for you, GREAT! But without question will benefit you or someone you know, so ask
friends or family to join us. He will address the issue "what if I'm current and not behind in my mortgage payments, is there something that I can do?" [Read More!]
You don't think that things (The State Of The Country) have gone to far? Do you think that it's your neighbors who are irresponsible for the mess THEY have got themselves in? Do you feel there is a conspiracy by Homosexuals to undermine the institution of marriage.
I have news for you ...we are living in the Matrix, the Twilight Zone or George Orwell's Nineteen Eighty-Four. This Story is just starting to get some attention. I hope it really gets attention and that heads role. BIG HEADS
The Department of Justice did everything that it could to "disappear" formerly accused unregistered Iraqi agent Susan Lindauer. One of the first U.S. citizens indicted using The Patriot Act, she spent five years asking for a trial to prove her innocence. There was little "justice" in that Department. So now Lindauer's charges are dismissed and she's talking - about the U.S. Patriot Act and its peril for all of us.
MUST READ Former Accused Iraqi Agent Susan Lindauer Speaks OUT! [Read More!]
The Fed Did Indeed Cause the Housing Bubble Catherine, Daily Musings, Financial Permaculture and News & Commentary,March 15, 2009 at 10:03 am
To: The Wall Street Journal Re: “The Fed Didn’t Cause the Housing Bubble”By: Alan Greenspan, former Chairman of the Federal Reserve Dated: Wednesday, March 11, 2009
In his article on your opinion page, “The Fed Didn’t Cause the Housing Bubble,” Alan Greenspan attributes the housing bubble to lower interest rates between 2002 and 2005. That’s amazing to me.
My company served as lead financial advisor to the Federal Housing Administration between 1994 and 1997. I watched both the Administration and the Federal Reserve aggressively implement the policies that engineered the housing bubble. These are described at my website and in my on-line book,Dillon Read & the Aristocracy of Stock Profits .
A very good friend who happens to be an Attorney sent me this article. At this time when homeowners looking for help to avoid foreclosures are actively being offered Loan Modification Programs, this alert is very timely and well worth reading.
You don't want to start a loan modification process with a service that is only interested in a temporary fix. That is, reduce the loan amount, get you into a very low interest rate now and when it goes up in a few years move you into a fix rate mortgage if YOU Qualify.
We are going into a period of great financial turmoil and it is best to be alert ant go for the widest options possible. And you can get them IF it is done right.
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This is a video you may have missed in which Ron Paul makes his opening's statement before Ben Bernanke testimony before House Financial Services Committee on 2009.02.25 At the end you are going to be told by CNBC News people that "this is not going as planned" You be the judge. Did you hear Ron Paul say something worth hearing or was this a Congressmen just taking advantage of "free live air-time" and implying that nothing of substance was said. [Read More!]
