Today, 7/13/2008, on CNN Money, I read an article called:

The $5 trillion mess

Fannie Mae and Freddie Mac were created by Congress to help more Americans buy homes. Now their shaky condition threatens the entire housing market.

Scary, is what I say.

This means that from 2008 until about 2012, getting a mortgage for a home you wish to purchase will be at best difficult and expensive, as the article clearly points out.

Worst case, the entire US Banking system will collapse and we will have 20% or higher unemployment and food lines everywhere. The Great Depresssion of 2008.

Of course, there is a viabl solution for the smart American or non-American, as well.

Use Check101.com's barter program and guaranteed lifetime employment guarantee program launching in October 2008. I hope it launches in time.

The way it works is you join Check101.com as a Gold member for arounf $30 per month. You immediatley get a $50K credit line that you can use to purchase goods and services from other members.

To qualify for the lifetime guarantee program, you must attend Tom Psillas's Millionaire Boot Camp program that costs $9500.00 cash one-time payment, or $2,500 down in cash, plus around $100 per month cash. If you miss a payment, the lifetime employment guarantee is void. You must also refer 50 contacts each month to the program, which can be anyone you know.

The lifetime program is expensive, but is worth it, if you are concerned about the future. According to Tamion CEO, Tom Psillas, 90% of the jobs would be at Tamion, hence the guarantee and boot camp training requirement.

The boot camp program is also somewhat difficult to be approved for. Tamion does not want deadbeats in its programs. Tom says, "We need people with a can do attitude that can be the best in anything they do".

Check101.com, a Tamion division, plans to offer barter mortgages, administer lease-purchase programs, people leasing, and of course, normal batering, at a very reduced cost to spur activity. Merchants will be required to accept barter for 20% of their credit card volume at minimum, even if no customer opted for only barter. This will make the credit lines available to bater buying members.  However, to qualify, buyers may have to quit claim their homes or assign other assets as collateral. Stay tuned for more information, as it becomes available.

Also, in conjuction with above, Tamion is soon launching SeedBucks.com, a peer-to-peer loan site, similar to Prosper.com, but mainly for business loans.  Tamion SeedBucks.com loans will require a fee up front before applying for loans greater than $1,000.

So, if you want to find out about the Lifetime Employment guarantee programs, register at http://www.linktomeet.com so you will be notified when the program is launched. Also register for all other programs, as well. Once the other sites launch, you will be invited to participate. Your login user id is used on all Tamion sites.

The Great American Economic Collapse of 2008 has officially began today.

The Jobless Report of 6/6/2008 stated the unemployment rate has soared to 5.5%. last month, it was 4.4%.

This is only the official rate, as many people who lost their jobs, have simply taken crummier ones.

The US housing market is in Depression, says the CEO of Toll Brothers. Oil will spike to $150 per barrle by july 4th, says another expert.

Lately, articles point to the fact that many Americans cannot afford the basics anymore.

Think aboit it! Can you feed your family on $8 per hour? How about $15? I know at least 20 families, whose principal breadearner makes only $15 per hour. The live on spaghetti, hamburger meat, veggies once per week, no Internet, no TV, no phone, no more car. Just pay rent, utilities and barely eat . Is this the America of the Future?

Have the Terrorists Won? I definately think so. They have destroyed our way of life. It will take years, maybe even decades, to somewhat recover.

Yet, there will be very few of those that will thrive through all this. Hopefully, I will be one of them.

But, those of you that are reading this can only blame yourselves! You allowed our politicians to outsource your future offshore. You shop at the criminal outfit, Walmart! You hound eBay for bargains, buying below wholesale. What did you expect to happen? Are you a manager that is contributing to this? Your boss made you do this, right?

Well, guess what! You are stupid, if you agreed with anything in the above paragraph. YOU have cauded the US to collapse. Maybe, you were approving the loans for 100% bad credit, no money down. Maybe, you were outsourcing software to India. You may have been selliong on eBay.

This is what caused the problem. You gave control to the rich, slowly; because you listened to their hype, or should I call it; best practices! Oh, yes. I just love that corny phrase; BEST PRACTICES!

Well, kiss your financial future good bye. That include your retirement, house, savings, and whatever health you have left. The Indians and Chinese will gladly buy your hosue for pennies on the dollar from the bank and then rent it back to you for twice, what you are paying now, in five years from now. Get ready to work 60 hours per week to make ends meet, until you die. Yes, until you die. No retirement for you, dummy!

Oh! Remember the SUV you purchased? If your are lucky and still own it; that is now your home. Park it behind your employer's building and enjoy playing tag in the parking lot. Maybe, you are parking it in a Walmart parking lot. If you are lucky, that Walmart is open 24 hours, so you can use the restrooms.

My, fellow Americans and morons. Enjoy the ride! After all, you created your future!

Here is a letter I wrote to Martin  Wolf, in response to his excellent article in the Financial Times.

Here is the link:

http://news.yahoo.com/s/ft/20080219/bs_ft/fto021920081334359078;_ylt=AtVe1JrN5.C7yFc7yHSFA6hv24cA

Dear Martin,

Your article peaked my interest in that I have felt we were long overdue for a meltdown, even before the subprime crisis.

2 years ago, I was preaching that a major financial collapse was coming in 2006-2009.

With minumum wage 70% below practical minimum, and good jobs being outsourced, it is no wonder consumers put their hands up and decided to live it up, knowing a future collapse will come.

The attitude on the street seems to be that there is nothing we can do, so live it up. It did buy us some time, but the inevitable will soon come to pass, an economic depression, not recession.

My reasoning is that there is noone in shape to bail us out this time. The government is too far in debt, as are the consumers, and many corporations.

Just the domino effect of the derivatives major banks own, will do the bulk of the damage. As you are probably well aware, the derivatives are behind much of the collateral you spoke of in your article.

Consumer spending is rapidly declining, except for necessities, being put on credit cards. Once job losses ensue, with no credit or equity as backup, the sheer loss in confidence will accelerate the collapse of our financial system, as we know it today.

I expect that this fiasco will last at least 2-5 years. I can honestly say that Mr Bush had a lot to do with the cause and the reasons will surface in 2-3 years, once he is out of office. It is sad the we let this happen. History always repeats itself.

Other causes that coincide with the above include growing world demand for oil; hence our crippling oil prices, global pollution by developing nations, like China, India, and others, due to demand of autos, etc., causing higher medical costs.

Lower home prices do not help in the near future, as very few can buy the cheaper homes, since their credit is damaged.

I know there are alot of swindlers out there selling solutions to this problem, but these are just scams. Noone can predict exactly how this will play out and who will be affected. If, I had a large pile of gold KrugerRands, I could go live in Brazil or India and ride it out. But, I do not think most people have any savings that could pull them through.

In closing, I hope I am 100% wrong and the economy pulls a miraculous recovery, but it does feel good to feel optimistic; at least for now!

(Contact Info Removed) 

I am the CEO of Tamion Corporation, owner of LinkToMeet.com, Tamion.com, and other sites. I am also the author of the book, Millionaire Boot Camp, which is sold on Amazon.com.

You also have my explicit permission to quote me on anything in this message.

Sinecerely,

Tom Psillas

Anyone want one. Here you go. A nice big fat girlfriend for you.

Take your pick. They were a little too fat for our dating section, so we put them here for clearance.

You may also spot them working in a Walmart near you.

Vinflunine Shown to Improve Response and Survival in Mesothelioma sufferers. Mesothelioma is a cancer caused by exposure to asbestos.

This is good news!

Here is an article on the new vaccine.

http://www.mesothelioma.com/asbestos_news_11-21-07.htm 

The staff at LinkToMeet.com wishes these patients the best.

They Blocked him from their website.

They Blocked his Boat.

What Will they do next?

Oh, by the way, someone spotted Nick at Target today shopping for an inflatable ark. Good Luck Nick!

A giant stainless steel heart weighing over 3,500 pounds breaks two auction records.
No. It was not sold on eBay, nor HerculesMall.com, though I wish the latter.
My boss would have loved the commission. Who cares about the heart anyway?
Maybe, the same buyer may be interested in a bunch of useless timshares we have for sale on HerculesMall.com.
Chocolate heart anyone?

Gee! What a surprise. I wonder if gas prices are rising and salaries going down again.
Welcome to the New World Disorder!
Oh! I wonder what they are paying for bottled water in Atlanta these days!