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21% of Credit Reports Have an Error. What About Yours?

Written by Gary North on February 19, 2013

A recent report indicates that 21% of all Americans have an error in their credit scores. It also reported that 5% of Americans have serious errors in their reports. Ho, hum. What else is new? If this report were not the case, I would not believe any of the statistics regarding the credit reports. Anybody […]

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Reversal of Fortune: Why the Power Elite Will Lose Power

Written by Gary North on February 18, 2013

Remnant Review The best description of the reversal of fortune is Mary’s Magnificat, recorded in the Gospel of Luke, chapter 1, verses 46-55. “He hath put down the mighty from their seats, and exalted them of low degree” (v. 52). This was a fundamental theme in the Old Testament. We are told that those who […]

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Americans Are Tapping into Their Home Equity for Loans.

Written by Gary North on February 12, 2013

Americans are borrowing against home equity once again. These loans were up by almost 20% in 2012. Some of these ignorant people are converting their home mortgages into personal loans. If they live in states where mortgages are non-recourse loans, where the lender cannot come after them if they default, they lose this legal protection […]

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Erroneous Credit Reports: Are You a Victim?

Written by Gary North on February 12, 2013

The Federal Trade Commission has issued a report on credit reports. About 20% of them are inaccurate. The FTC did not have to conduct a study. Anyone with a statistical background knew that 20% are erroneous. It’s Pareto’s law. About 20% of the worst examples of anything provide 80% of the problems. What if your […]

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Terror in Washington: The Piddly Sequestration

Written by Gary North on February 6, 2013

On March 1, a piddly reduction of spending is scheduled to take place. It’s not $1 trillion. It’s $1 trillion over a decade. The annual deficit is running $1 trillion, as usual. The thought that there will be a piddly $100 billion in spending cuts and tax hikes has the President terrified. “We cannot cut […]

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Student Debt: A Needless Burden, Yet Widespread

Written by Gary North on February 4, 2013

No liberal arts student needs to pay more than $15,000 to earn an accredited bachelor’s degree. That’s about $10.50 a day. Working at a fast food restaurant part time will pay for this. But parents send their children into the debt swamp, even dipping into their retirement savings to pay for this. Even with help […]

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