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Sunday, February 20, 2011

Cash Flow Circulation versus Debt.

Economic innovation requires knowing when it is more important to sustain real cash flow circulation versus creating more debt via excessive interest rate charges. It is time to focus on cash flow circulation rather than debt creation from interest rate charges.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

Saturday, February 19, 2011

How Swarm the Banks can save you time.

I sometimes wonder if some visitors actually understand the biggest benefit that Swarm The Banks provides to them. Swarm the Banks actually does not compete with any other mortgage watchdog blog for your attention. Instead, Swarm the Banks allows you to instantly track dozens of other blogs by viewing a short excerpt of their latest blog article.

Even better, the most current blog articles from all of the blogs listed on Swarm the Banks are found at the top of the two columns that are located next to the center column. The most current article from all the blogs listed can be found by simply scrolling down the page.

Better still, Swarm the Banks doesn't store content from any other blog site, this is the best way to avoid stealing other bloggers content. As the various blog article links update with new content blurbs, the prior content can only be found on the bloggers site.

People who get it, really get it, and like the time saving ability to keep in touch with dozens of blogs. Checking in 2 or 3 times a day will inevitably result in at least a dozen new article excerpts appearing at the top of the two columns located on each side of the main column.

The main center column is used by myself to write content that I hope will contribute mortgage awareness articles of interest as well. Plus, the center articles is how google sends readers to Swarm The Banks. Even though I have been an internet forum contributor for the past 10 years, and a blogger for the past almost three years, I still am surprised at the lack of reciprocal links that Swarm the Banks gets.

If some blog was sending me hits every single day, at some point, I would seriously consider listing them on my blog. Amazingly, of the several dozen blogs listed on Swarm The Banks, I don't think anyone has ever listed a reciprocal link on their site without my first asking, and even then, that still is only a couple out of several dozen.

Am I complaining, not exactly. And, I'll take a moment and thank those who have taken the time to twitter the Swarm the Banks link.

I just don't understand that apparently smug layer that lies in all of us that worries most about how many hits our own blogs get, rather than how many hits our blogs give out.

I can pretty much bet a million dollars, and win, that at present time Swarm the Banks gives out a HUNDRED TIMES MORE HITS than it receives from other blogs, so I have a clear conscience about the purpose of Swarm The Banks and how helpful it is to the mortgage fraud issue. I just struggle with the smugness others might be feeling knowing they get hits from here, but having no desire or inclination to give back with a reciprocal link.

Some bloggers don't track their hits and may be completely clueless as to what I am talking about, but in this day and age, it is a good thing to know where your hits come from, and give back when it doesn't cost anything.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

Wednesday, February 9, 2011

Why HAMP failed, and how can we trust politicians who use taxpayer funds to set up taxpayers for failure.


Up until 2007, increasing levels of consumer debt was rationalized as a vital part of a growing economy because home values and 501K's overall value were easily keeping pace.
Homes once worth 150,000 had gone up to 300,000, 400,000, even 500,000 dollars.

In warmer markets, homes originally purchased for 120,000 to 150,000 in the late 70's, peaked at 800,000 - 850,000 dollars in 2007. Much of the consumer debt that was taken on was in proportion to the home equity and/or 501K savings that consumers had accrued, which means consumers were actually BEING RESPONSIBLE with their debt.

Once home values and 501K's reduced anywhere from 35% to 70% from their peak value in 2007, the stock market then crashed in the fall of 2008. Meanwhile, consumer credit card debt levels remained the same. Suddenly, consumer credit card debt in relationship to overall wealth spiked by an amount that I would guess to be anywhere from 200% to 500%!!!!

Wealth reversal began exploding since the beginning of 2008. Although credit card companies now offer balance liquidation programs at single digit interest rates, they have left out a key component. The problem with these credit card balance liquidation programs is that many consumers need to be able to respend a SMALLER PORTION of what they are paying down every month for new purchases.
Simply put, a consumer pays down their credit card debt approximately 2.5% every month (minus the interest rate charges), but that consumer would benefit immensely if they could they respend a modest portion of what they are paying down.
This monthly respend component for credit card balance liquidation programs have been COMPLETELY overlooked by everybody, and is why we must conclude that indeed, keeping everybody in debt, and continuing to favor the rich billionaires and their investments, is what wall street, and Barack Obama, are most pre-occupied with these days.


Not only would this 4 point economic plan have an instantaneous positive affect on the economy without any needing any bailout money, this program would offer mid term and long term relief as well.

There has been a slight very decrease in overall consumer credit card debt in the past year, and even that tiny decrease has sparked some renewed enthusiasm for the economy. Imagine if Barack Obama actually supported legislation that made it REASONABLE for consumers to pay down their debt loads, rather than just write it off, like the banks do all the time.

Without a real consumer credit card debt paydown incentive program, HAMP had less chance of working for those who were fortunate enough to actually qualify for the program.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

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