More Greed

And people wonder why there are protests going on everywhere and why the middle and lower class are getting pissed off at the upper class. This chart should help reduce some of that wondering and is half the problem with society today. People are so caught up with money and trying to keep up with the Jones' that they forget what is important; they just want more, more, more and will screw over anyone beneath them to attain more. Obviously the CEO's of the healthcare companies listed below, and most other Fortune 500 companies for that matter, are as money hungry as the buggers on Wall Street.

Vancouver Real Estate

I have tried to keep my financial and economic rants to a minimum on this blog but sometimes the stupidity and lack of common sense I see is too great that I can no longer contain myself; sorry but today is one of those days.

Somehow a Vancouver mortgage broker got my work e-mail and has been sending me his monthly newsletter. I don’t mind the spam as I like to see what is going on out there so I usually check it out. One of his masterful pieces today was how to buy a house in Vancouver without a down payment. I show the article here as it is relatively short:

What You Don't Know Won't Hurt You

I have often wondered if the average American, or Canadian for that matter, realizes that we are helping to bail out the indebted European nations such as Greece via our contributions to the IMF. I also often wonder what the average American would do if they knew it. The chart below highlights just how much various countries are ponying up to shore up the balance sheets of the moronic countries; as you can see the US is throwing in a cool $50 billion, but hey, whats a few billion between friends?

I have my thoughts regarding who is actually getting bailed out here (perhaps it is actually the European banks who hold all of this government debt on their balance sheets) but I won't bore you with that rant. I would just like to know how many Americans actually know that they are bailing out these guys.