“Americans are in the process of ruining themselves. They are transforming assets into liabilities, trading the real wealth that was built up over generations for the quick fix of debt. The ‘equity’ they own in their homes has fallen to its lowest level since the government began tracking it in 1965. The asset – the home – has been replaced by mortgage debt.” – Bill Bonner (Editor of The Daily Reckoning)
Jim’s Quote of the Day:
- Ad Suburban Defense: non-fiction by author Don ShiftA cop's how-to guide to protecting your home and neighborhood during riots, civil war, or SHTF.
- Ad Barter and Sell at Simcour Trading PostA new site for individuals to barter and sell items of interest to other like-minded individuals