A second, far larger wave of U.S. mortgage defaults is building

NEW YORK: The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is building with alarming speed.

After two years of upward spiraling defaults, the problems with mortgages made to people with weak, or subprime, credit are showing the first, tentative signs of leveling off.

But with the U.S. economy struggling, homeowners with better credit are now falling behind on their payments in growing numbers. The percentage of mortgages in arrears in the category of loans one rung above subprime, so-called alternative-A, or alt-A, mortgages, quadrupled to 12 percent in April from a year earlier. Delinquencies among prime loans, which account for most of the $12 trillion market, doubled to 2.7 percent in that time.

While it is difficult to draw precise parallels among various segments of the mortgage market, the arc of the crisis in subprime loans suggests that the problems in the broader market may not peak for another year or two, analysts said.

Defaults are likely to accelerate because many homeowners’ monthly payments are rising rapidly. The higher bills come as home prices continue to decline and banks are tightening their lending standards, making it harder for people to refinance loans or sell their homes. Of particular concern are alt-A loans, many of which were made to people with good credit scores without proof of their income or assets.



CERN 8/8/08???

It looks like CERN is going online on the 8th. The numerology of this date is very surprising. Why is there a statue of the Indian god of destruction outside CERN? What is going to happen?

I feel the shift. Don’t know if it is from CERN necessarily, but something weird is going on.

The statue


The countdown


It seems to keep getting postponed, so who knows.

Ridiculous. Obama too skinny for Americans.

Fox News. Ha.

Forget arrogance, Barack Obama is just too skinny to be president.

That’s the assertion put forth in an article by The Wall Street Journal, which reported Friday that the presumptive Democratic presidential nominee may be turning off voters by refusing to chow down at every pit stop on the campaign trail. The newspaper notes that 66 percent of the voting-age population is overweight — while 32 percent fits the definition of obese — and that could be hurting Obama.

“He’s too new … and he needs to put some meat on his bones,” Diana Koenig, 42, a housewife in Corpus Christi, Texas, who said she voted for Sen. Hillary Clinton in the Democratic primary, told the Journal.

While rival John McCain and his doctors insist the Republican candidate is healthy despite Vietnan prisoner-of-war wounds that limit his mobility to this day, Obama is a lean, mean, fighting machine, according to his doctor.

In a report on his physical health, Chicago physician David Scheiner noted that the senator works out regularly and has “no excess body fat.”

Others in the medical field told the newspaper that they have eyeballed the 6′ 1.5″ tall senator, and he looks to weigh about 10 pounds less than the average 190 pounds American man of his height weigh.

McCain’s campaign has already used the senator’s healthy living against him, linking his “celebrity” to his diet.

“Only celebrities like Barack Obama go to the gym three times a day, demand ‘MET-RX chocolate roasted-peanut protein bars and bottles of a hard-to-find organic brew — Black Forest Berry Honest Tea’ and worry about the price of arugula,” McCain campaign manager Rick Davis wrote in a memo to interested parties earlier this week.


Freakish Weather-August 4th, 2008

I am going to compile some of the more interesting weather statistics daily.

Tornado hits the Netherlands


HAUTMONT, France (AFP) — A freak tornado ripped through towns in northern France, killing three people and injuring nine as it gutted houses and hurled cars


“We are expecting high electricity demand today due to the heat advisory in effect for much of North Central and South Central Texas,”


Forecasters at the National Hurricane Center say that Tropical Storm Edouard, after a faltering a bit overnight, appears once again to be strengthening


OSLO, Norway, Aug. 1 (UPI) — Unusually warm summer weather is sending unusual numbers of Norwegians to the beach.


Short Term Emergency Kit

For when TSHTF. This is a basic kit good for anybody. I really think everyone should have one of these, the way the times are changing, I believe it is necessary.

Battery-powered or hand crank radio (extra batteries for both)
Flashlight (extra batteries)
First aid kit
Whistle to signal for help
Dust mask (to help filter contaminated air)
Plastic sheeting and duct tape to shelter-in-place
Moist towelettes, garbage bags and plastic ties for personal sanitation
Wrench or pliers to turn off utilities
Can opener for food (if kit contains canned food)
Local maps
Prescription medications and glasses
Infant formula and diapers
Pet food and extra water for your pet
Important family documents such as copies of insurance policies, identification and bank account records in a waterproof, portable container
Cash or traveler’s checks and change
Emergency reference material such as a first aid book or information from http://www.ready.gov
Sleeping bag or warm blanket for each person. Consider additional bedding if you live in a cold-weather climate.
Complete change of clothing including a long sleeved shirt, long pants and sturdy shoes. Consider additional clothing if you live in a cold-weather climate.
Household chlorine bleach and medicine dropper – When diluted nine parts water to one part bleach, bleach can be used as a disinfectant. Or in an emergency, you can use it to treat water by using 16 drops of regular household liquid bleach per gallon of water. Do not use scented, color safe or bleaches with added cleaners.
Fire Extinguisher
Matches in a waterproof container
Feminine supplies and personal hygiene items
Mess kits, paper cups, plates and plastic utensils, paper towels
Paper and pencil
Books, games, puzzles or other activities for children

It is a good basic list. I would, however, add a tent, a compass, and several other camping related items as you might have to spend some time in the wilderness 🙂

If you are in low-lying areas, prepare for that with things such as a boat, life preserver, etc. I do believe there will be a flooding event.

Ontario Project 2012

There is a situation out there that warrants everyone’s attention. 2012 is going to be the year for many changes. Many civilizations and religions believe in this theory. There will be massive earth changes. What I have primarily seen is that there is going to be massive flooding. From what, I am not sure. Polar shift? Asteroid/comet? Global warming? Not sure. But some bad stuff is going to go down, and society and community NEEDS to be prepared. I am prepared mentally, maybe not so much physically or such. I want to start a community. I believe that is what I am meant to do. I believe that I was meant to inform the populace about the coming catastrophes. You may label me a loon, insane, whatever…but nature will back me up. You cannot continually abuse this earth without severe consequences. I would like to set up a community in Ontario so we can be safe. If you are new to 2012, and do not know anything about it, please read up on it.

From wikipedia: Accordingly, several eclectic authors claim that a major, world-changing event will take place in 2012: The 1997 book The Bible Code claims that, according to certain algorithms of the Bible code, an asteroid or comet will collide with the Earth.

The 2006 book 2012: The Return of Quetzalcoatl by Daniel Pinchbeck discusses theories of a possible global awakening to psychic connection by the year 2012, creating a noosphere.

Patrik Geryl predicts a pole reversal. This has happened many times in the past. Geryl is predicting that the North Pole and South Pole will reverse and cause the Earth to start rotating in the opposite direction. He does not explain from where the required energy will come. The Earth functions as a gigantic gyroscope. The energy required to rotate the poles would be immense.[14]

Riley Martin claims that Biaviian aliens will allow passage aboard their ‘Great Mother Ship’ when the Earth is ‘transformed’ in 2012.

Other prophecies and apocalyptic writings and hypotheses for this year include: Terence McKenna’s numerological novelty theory suggests a point of singularity in which humankind will go through a great shift in consciousness.

Something is happening…we can feel it. There is going to be a shift of some sort. The uninitiated will be doomed. Let’s try to get prepared. If you are in Ontario, or anywhere surrounding, and would like to survive these events, please contact me at ONProject2012@gmail.com

We need to do something…

“Prepare to meet your maker in the skies over the pyramids / Check Stonehenge / Go ask the Mayans / 2012 soon come / I will be waitin’ sayin’ I told you so / When the skies are ripped open / And the mothership lands on your cynical ass”.

Studies: Those With Higher IQ’s Tend Not To Believe In God

Professor Richard Lynn, emeritus professor of psychology at Ulster University, said many more members of the “intellectual elite” considered themselves atheists than the national average. A decline in religious observance over the last century was directly linked to a rise in average intelligence, he claimed. …

A survey of Royal Society fellows found that only 3.3 per cent believed in God – at a time when 68.5 per cent of the general UK population described themselves as believers. A separate poll in the 90s found only seven per cent of members of the American National Academy of Sciences believed in God. Professor Lynn said most primary school children believed in God, but as they entered adolescence – and their intelligence increased – many started to have doubts. He told Times Higher Education magazine: “Why should fewer academics believe in God than the general population? I believe it is simply a matter of the IQ. Academics have higher IQs than the general population. Several Gallup poll studies of the general population have shown that those with higher IQs tend not to believe in God.” He said religious belief had declined across 137 developed nations in the 20th century at the same time as people became more intelligent.