All Videos Tagged economy (Connections Groups) - Connections Groups

Harry Dent - Stock market peaking July 2009

2009-07-31T04:49:33.397Z

If you have money in the stock market... watch this update...

Dow is supposed to peak around 9800 - 10300 in July 09. Since it is July and it's at 9100 as of today, keep your eye out. You want to sell your stocks at the peak, now when they start heading down again.

Harry is predicting a Dow low of under 4000 going into the next great Depression staring in…

Maxed Out: the movie - ABC interview

2009-02-13T05:36:55.240Z

Maxed Out reveals the secrets of the new bank. John Ballew, a Midwestern banker whose neighborhood bank has been merged so many times he's lost count, tells us why suggestive selling is the primary qualification for working at a modern bank. Bud Hibbs, a well-known consumer advocate and the collection industry's enemy number one, explains why banks want us to be late. Liz Warren, a Harvard Professor who conducted the largest study of why Americans are going broke—at a rate higher than during the Great Depression—debunks the conventional wisdom that only "bad apples" declare bankruptcy. Liz's study proves that the bare necessities, not Prada shoes, are killing American families. A lifelong Republican, Liz's foray into the world of debt changed her politics and inspired a best-selling book: "The Two Income Trap".

Maxed Out reveals that the financial industry's best customers are the broke and the bankrupt. The most profitable niche of the industry is called "alternative" or "sub-prime"—euphemisms for a business formerly known as loan-sharking. They target those with less than perfect credit-people like Mark Mumma, whose frustration with the sub-prime credit card issuer Providian caused him to start the website www.providianfinancialsucks.com. From 2000-2002, Providian paid over $400 million to settle charges that it defrauded its customers. Soon after, a Providian director and the chairman of its compliance committee was appointed corporate crimce czar by George W. Bush.

Maxed Out exposes the modern debt-style in all of its absurdities and contradictions. Nowhere are these more evident than in a journey with award-winning investigative journalist Mike Hudson, who travels to Mississippi, Pittsburgh, and New York City interviewing the victims of predatory lending scams. The most shocking discovery? The predators aren't boiler rooms or goodfellas. They are the nation's largest and most respected financial institutions! And they're not just preying on adults anymore. In 2001, FirstUSA hired two teenage high school students as walking billboards to make their cards seem "cool". FirstUSA also pioneered "partnerships" with colleges—paying them millions of dollars for access to their students' personal information, setting these kids up for ruin.

MORE: http://www.maxedoutmovie.com/syn/index.html

http://www.MaxedOutBuzz.com/

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The Coming Collapse of the Middle Class

2009-02-13T05:25:45.033Z

For more on this issue.. see the movie "MAXED OUT." Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]

Fiscal Tsunami

2009-02-08T04:24:01.731Z

Interview with David Walker, head of the Government Accountability Office.

Keep in mind that this is from a year ago (Jan 2008). Our country is bankrupt. The problems they are talking about have nothing to do with the housing crisis and the finance bubble. They are talking about the same factors that Harry Dent talks about in the "Age Wave."

Google economist Harry Dent and learn about the coming depression.

Unemployment is going to double from what it is today and this depression is predicted to either last for 7-10 years, or to be the collapse of our economy all together.

Not to be too doomsday... smart people will always get by... and flourish. Just make sure you have a plan.

Economy - how bad is it?

2009-02-08T04:13:28.250Z

Yes... our country is bankrupt. Don't get confused or distracted... this is not a temporary hiccup. We need to get our own houses in order.

Interview with David Walker, head of the Government Accountability Office.