Friday, March 23, 2007

Who Owns the National Debt

This pie chart dispels many myths on the subject. Most of the debt is owned by the US and tax payers. Only a quarter or so is owed to various countries. Japan being the biggest (7%) and China, second (4%). 

Tuesday, December 19, 2006

Ecopalypse?

I don’t know how true this is. But it certainly is alarming, and there is some truth to it. The government, which brings in trillions in taxes each year, more than any nation on earth, has committed seriously criminally negligent acts. Couple it with this story and you have to wonder what’s really going on, or is this just more hysteria from the internet fringe.

Hopefully, that’s all it is. But we’ll know sooner or later. The facts are, the way the government spends and has treated our money IS unsustainable. We’ve let them get away with it for far too long.

UPDATE: Just one example of how the government wastes tax payer money. $8 Billion a year. 

Let It Snow

Boy, that Global Warming has really hit Las Vegas hard. I woke up this morning to see snow on my lawn. I had to do a double take because it doesn’t snow here. I’ve only seen it happen a couple times and usually the snow melts before it hits the grass.

I’m sure it will be melted in an hour or so. It was mainly a dusting. But hey, Merry Christmas.

Maybe I should worry about a new ice age.

Naw.

I’ve Been Saying this for Years

The insanely inflated real estate market is unsustainable. Now the bubble is bursting. And it’s probably going to get a lot worse.

Then, those of us who can, can get houses for a lot less than they cost now. But a lot of people are going to get seriously burned.

I saw it happen with the comics industry and the dot com business in the early 2000s. Rampant speculation leads to a crash. And crashes are extremely painful. I had the misfortune of having two happen to me in a 5 year period. Not fun.

If you have an ARM mortage, get out while you still can.