The Kevin Trudeau Show: 10-6-12

Today, Kevin gives you even more proof that the economy is getting worse and that your standard of living is deteriorating! Plus, the creator of the Resolve mineral detox, Dr. Ray Lala, stops by to explain how his mineral detox can virtually cure you from any viral infection, including herpes and HPV.

Self Help:
Second Stream Of Income
The Secret To Perfect Health
Resolve The “Unresolvable”

Economy:
Recovery Job Growth Concentrated In Low-Paying Occupations
Protesters ‘Liberate’ Foreclosed Homes

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

The Kevin Trudeau Show: 6-30-12

Today, best-selling GMO author and independent filmmaker, Jeffrey Smith, gives you the inside story behind genetically modified food and how it is affecting your health. Plus, Dr. Bob Marshall gives you the facts behind the dangers of Magnesium Stearate & Stearic Acid!

Self Help:
Tap Your Way To Happiness
A Solution To Your Health Issues
Stop Eating Conventional Meat

Health:
Omega-3s May Beat Cancer
10 Things Snack Food Companies Don’t Want You To Know
Once Scarce, H1N1 Vaccines Now Trashed

Economy:
Spirit Airlines To Charge $45 For Carry-Ons

Big Pharma:
Feds Find Pfizer Too Big To Nail
Dallas Toddler Killed by Big Pharma

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

Don’t Be Fooled By The Money Illusion

March 27, 2012

Market Watch

By Irwin Kellner

Now that inflation is beginning to pick up, it is vital to distinguish between what is real and what is just an illusion caused by inflation. If one does not, one might very well come away with the impression that the economy is shifting into higher gear when, in fact, it is not.

Take retail sales, for example. On the surface they are encouraging, since February’s sales gain was the most in five months. And since retail sales are one-half of consumers’ spending, which in turn makes up two-thirds of overall economic activity, one might be tempted to conclude that the worst is over.

One would be wrong. First of all, these are dollar figures, adjusted for the time of year but not for inflation. Second, most of the rise reflected a 6% surge in gasoline prices.

Excluding gasoline, retail sales went up at a much more subdued pace. And if you factor in higher prices for such other items as heat, food and health care, retail sales were virtually unchanged in the month — if not for the past few.

It is always important to strip away the effects of inflation and look at actual units purchased. After all, real spending determines real output which in turn provides real jobs. And when day is done, jobs are of paramount importance to this economy.

To be sure, certain stats are real — that is, they are expressed in unit terms, free from the influence of rising prices. These include employment, unemployment and the unemployment rate.

Also in this group are industrial production, capacity use and housing starts, sales and supplies of unsold homes. Some indexes like consumer sentiment and confidence are OK, too.

However other very important numbers do not separate inflation from units. These include corporate profits (and just about everything else on Corporate America’s financial statements), inventories and even the leading indicators.

Click here for the full report.

Dick Bove Goes Ballistic Over The ‘Mortgage Deal From Hell’

February 9, 2012

Business Insider

By Julia La Roche

Rochdale’s Dick Bove went on a tirade this morning on CNBC’s “Squawk on the Street” claiming the joint state-federal mortgage settlement, which he dubbed in a note earlier as “the mortgage deal from hell,” unfairly impacts those homeowners who pay their bills.

“If you’re going to do something which is going to reduce the value of existing homes where people are making payments then every American should stop making payments on his mortgages and send a letter to the Attorney General in his state and say ‘I qualify to have my principal reduced because I’m not going to make any more payments on my house,” Bove said.

The banking analyst also said the agreement, which is expected to be around $26 billion and could increase if more banks join, will hurt the U.S. economy rather than stimulate it.

“These people were not making payments on these houses in the first place and, therefore, they’re not getting the new flow of cash…they were not getting anything other the government has decided to pay everyone who cheated on their mortgages 2,000 bucks. The second thing is you are going to reduce the price of houses in the United States where payments were being made because the house next store is seeing the principal balance taken down,” he explained.

Click here for the full report and video.

Foreclosures Leave Pockets of Neglect and Decay

October 31, 2011

The New York Times

By MERIBAH KNIGHT and BRIDGET O’SHEA

Thomas Burton remembers exactly when he closed on his West Wilcox Street home. It was Sept. 6, 1962, at 3 p.m. Eager to begin a homeowner’s life with his wife and their six children, he got off early from his shift as a driver for C&K Snacks to make the closing.

“This was my first house,” he said. “I couldn’t forget that date.”

Decades later, his children are grown and the 30-year mortgage has been paid off. But the neighborhood is a far cry from what it used to be.

The street has been transformed — six foreclosed and abandoned homes now sit on Mr. Burton’s block. There are 28 vacant buildings on West Wilcox, which is less than a mile long.

Early Monday morning, Mr. Burton, 77, raked leaves outside his front door. On his front steps, two planters of impatiens were still blooming in mid-October. Directly across the street stood a woeful-looking boarded-up two-flat — the architectural mirror image of his own home, down to the stone facade, the columns’ moldings and the porch’s oval window. The door and windows are boarded up and scrawled with graffiti.

“It’s sad,” Mr. Burton said, shaking his head. “It’s truly sad.”

According to city data, there were nearly 15,000 abandoned buildings in Chicago as of Oct. 20, most of them a result of foreclosures. Three neighborhoods account for 20 percent of the total: Englewood, West Englewood and Austin.

The city lost 200,000 residents from 2000 to 2010, according to census data. In the area immediately surrounding Mr. Burton’s house, population has dropped by 26 percent. And though some residents are gone, those who remain do not necessarily want to raze the vacant buildings left behind.

The empty buildings are magnets for gang activity, depressing the value of nearby properties. Drug abuse violations and burglaries are the most common crimes taking place in abandoned properties, police report. In Austin, burglaries and illegal drug use make up 74 percent of the 66 incidents reported in the past three months. In Englewood, those crimes were 58 percent of the 85 reported cases of illegal activity. In West Englewood, drugs and burglaries constituted 43 percent of 78 incidents.

“Vacant homes create so many risks to a neighborhood,” said Charles Brown, a retired Chicago police officer living in Englewood. “Murders — we’ve found people dead in them. Attempted murder, rape, all kinds of things. They catch on fire and burn up the house next door — firemen get hurt.”

Jonathan Martin is very familiar with the foreclosed two-flat at 4336 West Wilcox, across from Mr. Burton. He was hired to inspect it by the bank that now owns the property, and he has visited regularly for the past 10 months. In that time squatters have moved in, mold has grown and thieves have stripped nearly all of the copper piping and plumbing.

Click here for the full report from The New York Times.

Supreme Court Rules That Thousands Of Home Foreclosures Are Invalid Because Banks Do Not Have Promissory Notes

October 26, 2011

Natural News

By Ethan A. Huff

More than five million US homeowners and counting have had their homes foreclosed upon by banks since the “economic crisis” first began several years ago. But the Massachusetts Supreme Court recently ruled that the vast majority of the foreclosures that took place in the Commonwealth (and likely in most other states) within the past five years are illegitimate because the banks did not, and do not, actually hold the promissory notes for the properties.

This means that all mortgage payments made to banks for illegitimately foreclosed upon properties are fraudulent since such banks do not technically own the properties in question. It also means that anyone who purchased a foreclosed property, or who is threatened currently with potential foreclosure, does not necessarily have a legal obligation to continue paying their mortgage.

Even homeowners who do not face foreclosure are not necessarily required to continue paying their mortgages — if their lenders are unable to produce valid promissory notes showing true ownership of the property. Then those who follow through with mortgage payments to such lenders are technically participating in fraud because there is no way to verify whether or not mortgage payments are going to the true note holders, or even who the true note holders are in the first place.

“In essence, the ruling [upholds] that those who had purchased a foreclosure property that had been illegally foreclosed upon (which is virtually all foreclosure sales in the last five years), did not in fact have title to the property,” writes The Daily Bail. “Given the fact that more than two-thirds of all real estate transactions in the last five years have also been foreclosed properties, this creates a small problem.”

Recognizing that the federal government’s bailout plan was beneficial only to banks and not homeowners, Rep. Marcy Kaptur of Ohio told those facing foreclosure back in 2009 to “be squatters in [their] own home” (http://articles.sfgate.com/2009-02-…). Now that these foreclosures have been exposed as largely fraudulent, it turns out that her advice was sound.

“Radical though it may seem, we believe the only way to stop the chaos of fraud and the breakdown of the rule of law in our courts, and most importantly to ensure that we ourselves are not participants in the fraud, is for homeowners who can afford their mortgage to stop paying it,” says The Daily Bail.

Click here for the full report from Natural News.

Economic Meltdown Spurs Droves Of Criminals To Take Over Abandoned, Foreclosed Homes

October 24, 2011

Natural News

By Jonathan Benson

Nearly a million and a half American homes are currently in foreclosure, which means many residences in various neighborhoods are now sitting empty and abandoned. And according to a recent report by The New York Times (NYT), criminals of all stripes, from prostitutes and drug addicts to gang members and thieves, are taking over these properties and “squatting” them indefinitely.

Unable to make their mortgage payments due to job losses and other economic factors, many families, particularly in areas where housing prices spiraled most out of control, have been forced out of their homes in recent years. And taking their place are the dregs of society, who really have nothing to lose by invading formerly-occupied properties and doing whatever they please in them.

“They’re becoming a magnet for criminal activity,” said Deputy Inspector Miltiadis Marmara, the commanding police officer of the 133rd Precinct in South Jamaica, Queens, New York, to the NYT concerning the excess of foreclosed properties. “[The criminals] hang out in these abandoned homes that may be foreclosed, or the owners walked away. Every day we respond to something to that effect.”

Criminals looking for places to sell drugs, throw parties, steal copper piping and other valuables, and even host residential “strip clubs” are finding refuge, if you will, in these abandoned properties. And although police continue to arrest these squatters, others often just take their place shortly thereafter.

New York is not the worst state as far as foreclosures go, either. In Michigan, one of every 322 houses is a foreclosure; while in California, it is one of every 259 housing units. And in Nevada, the foreclosure rate is a whopping one of every 118 housing units.

In Detroit, Mich., authorities have recently begun to crack down on squatters that have taken over many abandoned housing units in the largely blighted city. Home values are already dismally low there, but having criminals occupying foreclosed homes only makes things worse.

As the US economy continues to unravel, the squatting by criminals will likely just get even worse. Sacramento, Cal., Miami, Fla., Trenton, NJ., Cleveland, Oh., Nassau County, NY, and many other cities and counties across the US have already had to lay off portions of their police forces due to budgetary shortfalls, and many others are considering having to do the same thing, which means crime will only increase.

Click Here For The Full Report From Natural News

Bulldoze: The New Way To Foreclose

August 2nd, 2011

TIME

By: Stephen Gandel

Banks have a new remedy to America’s ailing housing market: Bulldozers.

There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon have repossessed many more. Many housing economists worry that near constant stream of home sales from banks could keep housing prices down for years to come. But what if some of those homes never hit the market.

Increasingly, it appears banks are turning to demolition teams instead of realtors to rid them of their least valuable repossessed homes. Last month, Bank of America announced plans to demolish 100 foreclosed homes in the Cleveland area. The land is then going to be donated back to the local government authorities. BofA says the recent donations in Cleveland are part of a larger plan to rid itself of its least saleable properties, many of which, according to a company spokesperson, are worth less than $10,000. BofA has already donated 100 homes in Detroit and 150 in Chicago, and may add as many as nine more cities by the end of the year.

And BofA is not alone. A number of banks are ramping up their efforts not just to rid themselves of their unwanted homes, but to fully dispose of them. Fannie Mae has a program to sell houses to local municipalities for around a few hundred dollars. Wells Fargo has donated 800 homes to be demolished since 2009. JPMorgan Chase says it was one of the first banks to begin donating houses it couldn’t sell, or didn’t think were repairable. Since 2008, the JPMorgan has donated or sold at a discount 1,900 houses to city or county officials.

The banks do the deals because once the properties are donated they no longer have to pay taxes or for upkeep. Tax experts say the banks may also be able to get a write off for the donation. That appears to be a better deal than trying to repair some of these homes, which according to a BofA spokesperson are more economical to demolish than fix up. The local governments like these deals because they get free land to develop or use for open space. Cleveland-based Cuyahoga County Land Reuntilization Corp., which inked the deal with BofA, has been one of the most aggressive local government organizations in striking these deals. Housing economists like these deals because they remove homes from the market that would otherwise sell for a low price or not at all, dragging down home prices in general. An oversupply of homes on the market has been once of the big problems plaguing real estate. At the end of June, it would take nine and a half months for the current number of homes on the market to sell. The housing market is considered healthy when supply equals six months of sales. So taking some of these homes off the market for good could remove some of the inventory drag.

The question is whether the banks will ever put up enough housing for demolition to make a difference. The Obama administration says it is working on its own plan to revamp its loan modification program in order to help keep more people in foreclosure in their homes, reducing the number of foreclosed properties on the market. Some areas of the country are looking at how to speed up foreclosures in an effort to return some normality to the market. It’s not clear that any of this will work. Certainly, the idea that we are at the point where banks would be better off knocking down houses that reselling them shows there is still something very wrong with the housing market. But what is clear is that banks and others are at the point where they are ready to try something new to boost the housing market. And that is a good sign for the future.

Click here for the full report from TIME

The Kevin Trudeau Show: 7-27-11

Today, Kevin gives you even more proof that the economy is getting worse and that your standard of living is deteriorating! Plus, the creator of the Resolve mineral detox, Dr. Ray Lala, stops by to explain how his mineral detox can virtually cure you from any viral infection, including herpes and HPV.

Self Help:
Second Stream Of Income
The Secret To Perfect Health
Resolve The “Unresolvable”

Economy:
Recovery Job Growth Concentrated In Low-Paying Occupations
Protesters ‘Liberate’ Foreclosed Homes

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

The Kevin Trudeau Show: 7-16-11

Today, best-selling GMO author and independent filmmaker, Jeffrey Smith, gives you the inside story behind genetically modified food and how it is affecting your health. Plus, Dr. Bob Marshall gives you the facts behind the dangers of Magnesium Stearate & Stearic Acid!

Self Help:
Tap Your Way To Happiness
A Solution To Your Health Issues
Stop Eating Conventional Meat

Health:
Omega-3s May Beat Cancer
10 Things Snack Food Companies Don’t Want You To Know
Once Scarce, H1N1 Vaccines Now Trashed

Economy:
Spirit Airlines To Charge $45 For Carry-Ons

Big Pharma:
Feds Find Pfizer Too Big To Nail
Dallas Toddler Killed by Big Pharma

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

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