Savings

Peter Schiff – Beware of the Upcoming Credit Card Crisis

For the latest Peter Schiff commentary, click here – http://PeterSchiffBlog.com
The same problems with the sub-prime mortgage market also afflict the credit card market. Americans have been able to acquire credit cards and huge amounts of credit with relatively lax lending standards. Why have credit card companies been so eager to dole out credit like this? Because they can repackage the debt and sell it to wall street.

We hear all the time that 2/3 of the American economy is based on consumer spending, but Peter Schiff knows that this is nonsense and unsustainable. Production must always precede consumption.

Many people rely on their credit cards for emergencies. Peter Schiff says that this is a terrible idea. They need to be saving money in case of emergencies, no keeping a credit card handy. Americans should save their money and stop going into debt. In the future, they may find it extremely difficult to get approved in the future.

Duration : 0:3:21

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Technorati Tags: credit card crisis, Credit Cards, gold, Meredith Whitney, Peter Schiff, savings, silver

Tags: credit card crisis, Credit Cards, gold, Meredith Whitney, Peter Schiff, savings, silver

Credit Cards Comments Off

JAK Bank Report Part 3/4 – Loans to members – www.giorgiosimonetti.net

A report about Swedish interest-free bank JAK, shot in Germany and Sweden, August 2007.

This is a self-financed project, please think to donate or to buy my DVD (containing extras, approximately 2 hours of duration) in order to finance my next report.
The DVD is PAL or NTSC format and is available for purchase at www.giorgiosimonetti.net

You will find the FULL interviews with:
- Margrit Kennedy – Economist (Germany)
- Per Almgren – JAK Bank Pioneer (Sweden)
- Oscar Kjellberg – JAK Development Director (Sweden)
- Johan Oppmark – JAK CEO (Sweden)
- Magnus Frank – JAK Bank Manager (Sweden)
- Kåre Olsson – Skattungbyn Support Saving (Sweden)
- Ann-Marie Svensson – JAK Members Director (Sweden)
- Leonardo Becchetti – Banca Etica Ethics Committee (Italy)
- Shaji K.J. Kizhakethil – Pakkam village (Kerala-India)
- Abd al Haqq Kielan Eskilstuna’s Imam (Sweden)

Donations&Contacts: www.giorgiosimonetti.net

It’s forbidden to translate this video in italian, since exclusive copyrights are hold by RAI television.
Italian version of this report is available @ http://www.rai.tv/mpplaymedia/0,,RaiTre-Report^23^85920,00.html

Duration : 0:5:24

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Technorati Tags: Bank, denmark, economy, ethics, interest-free, JAK, K.E., kennedy, Kristiansen, Loans, margrit, Money, savings, solidarity, support, sweden, usury

Tags: Bank, denmark, economy, ethics, interest-free, JAK, K.E., kennedy, Kristiansen, Loans, margrit, Money, savings, solidarity, support, sweden, usury

Loans 1 Comment

I.O.U.S.A.: Byte-Sized – The 30 Minute Version

By now, you may have heard about our acclaimed documentary I.O.U.S.A., a film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. The film has been a huge hit, getting rave reviews from Roger Ebert and others.

Now, we proudly release a 30-minute condensed version of I.O.U.S.A. designed specifically for watching and sharing on the web – for free.

So if you haven’t had a chance to see the movie yet, watch the condensed I.O.U.S.A. today. If you’ve already seen it in a theater, check out the abbreviated version for a refresher. Then, tell your friends, your family, your Facebook friends and your Twitter followers about the staggering amount of money – $53 trillion – in financial obligations owed by the federal government to foreign investors and to every single American in the form of pensions, health benefits, Social Security and Medicare.

Then, visit http://www.IOUSAtheMovie.com and join us in our Fiscal Wake-Up Movement. Together, we can make American fiscal responsibility a reality.

You can now own I.O.U.S.A. on DVD! The newly released DVD, with 125 minutes of bonus material, now enables even more concerned citizens to learn about the state of our countrys finances and take action!

Available at a local retailer or online at http://www.shoppbs.org/product/index.jsp?productId=3445713 and at http://www.amazon.com/i-o-u-s-David-Walker-Peterson-Foundation/dp/B001P9G3HE/ref=pd_bbs_1?ie=UTF8&s=dvd&qid=1239048356&sr=8-1

Duration : 0:32:35

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Technorati Tags: 30, 30-minute, bailout, Budget, byte, byte-sized, clock, coalition, concord, creadon, crisis, dave, David, Debt, deficit, federal, fiscal, foundation, free, Government, I.O.U.S.A., IOUSA, minute, movies, national, patrick, peter, Peterson, savings, security, size, social, spending, street, up, version, wake, walker, wall

Tags: 30, 30-minute, bailout, Budget, byte, byte-sized, clock, coalition, concord, creadon, crisis, dave, David, Debt, deficit, federal, fiscal, foundation, free, Government, I.O.U.S.A., IOUSA, minute, movies, national, patrick, peter, Peterson, savings, security, size, social, spending, street, up, version, wake, walker, wall

Debt 25 Comments

7. High Credit Card Interest Rates

There are reasons which make credit card interest rates so high. High credit card interest rates make having this kind of debt a bad idea especially if it compounds very quickly after we bought things that quickly lose their value.