China Cools Economy While US Prepares to Loot Retirement Accounts
30.01.10
The world and particularly the US, received some bad news last week. The new purported engine of recovery, China, is trying desperately to take the intense heat out of its economy, after pouring $1.8 trillion into it over the span of just nine months. In today’s world no economy can bail out the world, as the US was once able to do.
The world occasionally can produce some surprising events and one such event was the election of Scott Brown to the Senate. A Republican winning in a Democratic state where that seat had been held by the Kennedy’s since 1953. That deprived the Democrats and those who control them a staggering blow. It also brought the Tea Party people to a new prominence. They supplied the final push that put Mr. Brown, a Republican, in a very liberale state, over the top. The Democrats now have a majority of 59 votes, which means without the help of Republicans they and the President are lame ducks on almost all issues.
The President had held off his “State of the Union” address hoping his showpiece legislation, medical reform, would have been passed. That was not to be, so finally January 27th was chosen in desperation. It just happened to be the same day Secretary of the Treasury faces Congress due to his and the Federal Reserve’s criminal activity. The President’s speech will now be used as a cover for Little Timmy to hide under. Healthcare is dead and it will be very interesting to see if Mr. Geithner will be criminally charged. Historically, members of the Illuminati never go to jail. They are fined and proceed on their merry way to commit further crimes. At the same time Fed Chairman Bernanke is facing re-appointment. He probably will be re-appointed, but only with the assistance of millions of dollars handed out by the Republican National Committee. It is called purchasing the vote.
There is no doubt that Spain is one of the most enchanting countries in Europe. Its rich historical culture, elegance, and historic places have remained unchanged even after so many reforms the government has taken. Spain is probably the only country in Europe that has been on top of the list for almost thirty years when it comes to foreign investment particularly in the real estate market. Buying property in Spain was already a practice since the restoration of the monarchy in Spain. The government opened its doors to foreign investors and let them invest in property ownership. Although during the reign of General Franco there was a strong restriction for foreigners to own only limited properties, after his reign this triggered unlimited property investment for foreign nationals.
Spain is so popular for being a vacation destination in Europe and travelers all over the world always want to go there. During the past decades, foreign nationals interests were focused on buying single family residences. They use these homes as their second homes or come to live only during holidays and vacations. Since single family residences available for investment are scattered in many parts of Spain, rich foreign nationals began to flock to the country to have their own share of properties. However, it was noted that most buyers prefer the rural environments rather than residing on urban areas. On the other hand, apartments in cities are luring foreign investors as well and a significant number of foreign nationals and even local citizens turned to apartment ownership. For now almost 20 percent of all apartments in Spain are being owned by citizens from foreign countries and some foreigners are purchasing apartments to be used as their retirement homes. Accordingly the natural environment and the milder climate is what they like about Spain.
Buying property in Spain entails a productive future investment because most of the rich retired European people always opt for...
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