The Californian business, once the second-largest lender to Americans with poor credit histories – so-called “sub-prime” customers – bowed to the inevitable after teetering on the brink for several weeks, saying it would now conduct a fire sale of its loan portfolio and sack half its workforce.
New Century down for the count. Turns out loaning money to deadbeats doesn’t work.
What does this mean to Whites? Simple. Save money, get ahead. Most Americans are a paycheck or two from the street. Don’t be one of them. Save not 10% of your income, but as much as you possibly can. Buy top quality where it’s important, other than that, buy little. Keep your money out of the hands of the giant jewish e-circus conglomerates and in your bank account where it can wax fat.
Credit inflation is immoral because it steals from earners and rewards the underserving. Naturally, credit inflation is a time-honored jewish tool for stealing wealth from goyim. The jews own the Fed, a private bank, and through it are able simply to print money out of thin air. This is stealing by another name. Silent stealing from me and you and all White earners, all in order to line jewish pockets. Fed greed, Fed easy money policies, stimulates greed in private industry, which is reinforced by jew tag-teams of regulators and media burrocrats complaining about redlining and other practices that limit credit extension to the credit worthy, and insist that private creditors be forced to make bad loans – which are in turn “guaranteed” by the U.S. government, which itself is bankrupt, if you look at the matter technically.
As always, what is good for Whites is all that matters. What is good for Whites is staying out of debt, and keeping White money in White hands.
For keeping up on housing matters, the best blog we know of is Housing Panic, located here:
http://housingpanic.blogspot.com/
HP offers the best in blog journalism – it fills in the details the captive media leave out, and offers a forum for those actually buying and selling homes to tell you the realities of their local markets. You will also note the parallels to direct politics. The realtors, like the diversity-pushers, have an interest in lying about the state of the housing market. The gap between what is reported in the jew-produced media and the genuinely alternative media, such as HP and VNN and our network of local WN blogs, has never been greater. Instead of putting money into the hands of the jews producing the lies printed daily in the New York Times and the Washington Post, better to find the best blogs on the ‘Net, get real information, and help them out with an occasional donation. In that way real journalism is stimulated, judeo-corporate shilling is desubsidized, and the Aryan Agenda is advanced.
Here (from HP) Ron Paul explains the housing bubble:
http://www.freeliberal.com/archives/002676.html