The New Home of "Vortex Blog"

I have been blogging on WordPress for a while. I prefer the features of WordPress over Blogger. See you there. :)

Domain Name for Sale

The "Vortex for Freedom" website, domain name, and all associated intellectual properties, are for sale. It was a difficult decision to make, but this has been a difficult time for me.

Artificial Inflation and the Real Damage

The reason why I call it "Artificial Inflation" is because this inflation is not caused entirely by supply and demand. It is also caused by bad decisions inspired by greed.

Back when the housing boom was in its infancy, it was harder to get a mortgage. The criteria set for obtaining a mortgage was higher than it is today because lenders do not like dealing with foreclosures.

Demand in some areas were well ahead of supply in some areas. House prices started escalating in these areas. This is a natural result of the "supply and demand" curve. Prices leveled off when the demand could no longer be met because people who wanted a mortgage could not get one.

Prices would have stayed level or increased accordingly with inflation if everything was left alone. However, restrictions on borrowing were lowered. People who could not afford to get a $100,000 mortgage were suddenly able to get a $150,000 mortgage. This sudden flow of money caused an artificial extension of the housing boom and prices skyrocketed.

Banks are now realizing that the lax restrictions have hurt them. The people who could not afford the $100,000 mortgage are now having their homes foreclosed because they cannot afford the $150,000 mortgage they are now saddled with. Banks are receiving less money, which means that there is less money in circulation for businesses to borrow to create jobs.

If we end up bailing out the mortgage companies, it will be done with printing up more money because we do not have the money to give them. This will result in further weakening of the dollar and higher inflation.

Republicans, I Hope You're Happy!

Any chance of a smaller, more fiscally responsible government died today as John McCain became the presumptive candidate after wins in Vermont, Rhode Island, Ohio, and Texas.

John McCain will increase spending, as will whomever gets the Democratic Party nod. By voting for McCain, you have mortgaged future tax cuts to pay off future debt. The likelihood for real campaign reform has diminished.

We are virtually guaranteed that much of the Democratic Congress's agenda will pass. And by trying to fund two wars and an ever-increasing socialistic society, the nation will be on the verge of bankruptcy.

We need to educate ourselves before we can educate our children. Unless America wakes up and unites behind a third party candidate, our country is doomed.

The Candidate With Hope

Barack Obama has been preaching the message of hope. His message has resonated with millions of Americans. Some people have even carried out the message of hope with a change in their predicament and their lives.

Hillary Clinton is one of those people. She has lost 11 straight primaries and caucuses. Obamamania has been sweeping the land, but Clinton keeps plugging away. She has not given up (as others have begged.)

Voters in Ohio, Rhode Island, Texas, and Vermont vote today. The momentum is starting to swing back towards Clinton. The "3AM Phone Call" ad has given her campaign a much needed boost. The dealings with Rezko and the NAFTA fiasco are beginning to resonate with people and dealing a blow to Obama's campaign.

Barack Obama preaches the "Audacity of Hope." Hillary Clinton is living it. Oh, the irony.