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Dow Falls to 1997 Levels

» 23 February 2009 » In Guide, money » 1 Comment

Dow Falls to 1997 Levels

Click Here for Why I love a Down Economy?

“According to preliminary calculations, the Dow dropped 250.89, or 3.41 percent, to 7,114.78. It last closed this low on Oct. 28, 1997 when it finished at 6,971.32. The Dow hasn’t traded below the 7,000 mark since October 1997.”

Source

The good news is, the stock market was at these levels when Hip-Hop was good, and nightlife wasn’t completely gay (Bottle Service, girls always dressing in jeans and flip flops, guys wearing clothes without rhinestones on them (Ed Hardy and Christian Audigier).

So maybe we can turn back the clock on this stuff too!

“Let me kick it, about the digits, that I’ve collected
Long distance, and disconnected, it’s gettin hectic
Before my record, they didn’t show it
But now they throw it, hopin that they’ll get drunk off Moet
or Cristal, but that’s not my par-ticular style and taste
My name ain’t Puff and I ain’t got loot to waste
I ain’t got time to waste, bad bitches is all up in my face
Crazy ignorant, sweatin links minks and shit
Cosmetic, but deep down, derelict
Fake players, never get out the projects
It’s pathetic — the way she bends for dividends
I tried to jewel her but she tried to get a drink at the end
of our con-vo-sation, I did not have the patience
Slid off to the next Asian
She said, “What you do?” I said, “What?”
She said, “You know your occupation?”
So I broke the fuck out
In nineteen-ninety-six that’s what it’s all about, but
I won’t go that route
Back in the days Biz said it was The Vapors
But today, I realize that it’s the papers”

– Jeru Da Damaja

Click Here for Why I love a Down Economy?

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
The Guide to Getting More out of Life
http://www.thegmanifesto.com

Jeru Da Damaja – Me Or The Papes

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Peter Schiff: Predatory Legislators and a Clean Beat

» 20 February 2009 » In hip hop, money » 3 Comments

Peter Schiff: Predatory Legislators and a Clean Beat

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

With millions of homeowners now struggling to repay money they clearly never should have borrowed, our leaders have been righteously wagging fingers at predatory lenders who allegedly enticed innocent borrowers, and the country, into a financial snake pit. While the mortgage industry clearly deserves a good share of the blame, unindicted co-conspirators abound. The ringleaders are still at-large and are, in fact, busy hatching a plan to dwarf the earlier mistakes.

Contrary to the message bouncing off the marble walls of the Capitol, most borrowers in the inflating housing bubble clearly understood the terms of their loans. Most knew that they could not afford their mortgage payments once their teaser rates expired, but enthusiastically jumped into the debt pool anyway believing that guaranteed real estate appreciation, or a quick and profitable sale, would keep them afloat.

Although both lenders and borrowers were acting in their own perceived self-interest, what can we say of our economic policymakers who are expected to protect the good of all? Their actions encouraged the whole sad circus. Were it not for the excessively low interest rates provided by the Fed, the lax lending standards and moral hazards supplied by Congress courtesy of Freddie, Fannie, and the FHA, and the many real estate subsidies built into the tax code, none of these predatory loans would have been possible.

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

Had lenders exercised better judgment and had borrowers avoided overly burdensome debt loads, both parties would clearly be in better financial positions today. Instead, as borrowers were demanding the credit to fuel their dreams of instant real estate riches, lenders were being ordered to accommodate them.

In past generations, homebuyers were required to save for down payments and postpone their purchases until they could actually afford conventional 30-year fixed mortgages. But in recent years, as home ownership became a matter of public policy, the government accused lenders of discrimination and urged lower standards and easier terms. With government guarantees in place, the mortgage industry was happy to both expand their revenues and promote a better society.

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http://www.europac.net

This beat is cleaner than Mop and Glo (and I don’t mean that mid-90’s Rave “Stop and Glo” that I chopped up as a Bean Flipping Baby G either):

Guess Who’s Back – Scarface (Feat. Jay-Z, Beanie Sigel)

Young Chris on the beat:

Young Chris – guess who’s back

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
The Guide to Getting More out of Life
http://www.thegmanifesto.com

Which of course samples:

The Originals – Sunrise

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Peter Schiff: Economic Armageddon?

» 19 February 2009 » In money » 5 Comments

Peter Schiff: Economic Armageddon?

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

Click Here for The G Manifesto’s Top Ten ways to Make Money in a Down Economy

I hate Fox News, but Schiff breaks it down:

2/18/2009 Part 1/2 Peter Schiff On Kudlow & Co: How Now, DOW Jones

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

2/18/2009 Part 2/2 Peter Schiff On Kudlow & Co: Obama Vs. Wall St.

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

2/5/2009 Part 1/3 Peter Schiff On Countdown To The Closing Bell: Economic Armageddon?

Click Here for The G Manifesto’s Top Ten ways to Make Money in a Down Economy

2/5/2009 Part 2/3 Peter Schiff On Countdown To The Closing Bell: Economic Armageddon?

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

2/5/2009 Part 3/3 Peter Schiff On Countdown To The Closing Bell: Economic Armageddon?

Buy Crash Proof: How to Profit From the Coming Economic Collapse by Peter Schiff

On Q & A with Michael Mason on Weed: I said:

Q: Does The G Manifesto think pot should be legalized?

Michael Mason: Great question. On paper I would say “Yes, all drugs should be legalized”. But then again, The Drug Game employs so many people in this world, that if we legalized drugs, our unemployment rates would skyrocket. I wouldn’t want to see the government or Wal-Mart make all that money, I would rather see the money in the hands of The People. I am kind of on the fence on this one (one of the few instances you will see me on the fence).

I am not on the fence anymore.

The only way out of The Down Economy is to Legalize Drugs. (This would be good for America not necessarily your humble Author…see, I am not completely selfish).

America need to get off its moral high horse.

We need to create things (read drugs) and make America a place again that Rich Foreigners want to visit.

How do we do that?

Ease up on:

Anti-Cigarette laws
Anti-Drug Laws
Anti-Drinking Laws
Anti-Prostitution Laws
Anti-Foie Gras Laws
Anti-Gambling Laws

Plus, America would be fun again.

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
The Guide to Getting More out of Life
http://www.thegmanifesto.com

One of the sickest beats of all time:

Jadakiss – We Gonna Make It

We Gonna Make It – Jadakiss

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Fool’s Paradise: Players, Poseurs, and the Culture of Excess in South Beach by Steven Gaines

» 18 February 2009 » In money, Travel » 1 Comment

Fool’s Paradise: Players, Poseurs, and the Culture of Excess in South Beach by Steven Gaines

Click Here for Fool’s Paradise: Players, Poseurs, and the Culture of Excess in South Beach by Steven Gaines

Click Here for Bella Rose Nightclub South Beach, Miami

Click Here for The South Beach War Report Part I: The Basics

Click Here for Models, Murder and Mayhem, The South Beach War Report Part II

In recent months, the sinking economy has, inevitably, altered that landscape. Many of the glittery hotels lining Ocean Drive are barely two-thirds full, and escalating rents and slowing sales have forced a number of boutiques and restaurants to move off the Lincoln Road Mall, the eight-block-long pedestrian street that is South Beach’s town center.

Clearly, the recession has cast a shadow here. But it is not a long enough shadow to have darkened the spirits of many heat-seeking visitors, who still descend on South Beach in search of escape. Lulled by the languid air and the pastel-tinted backdrop of Art Deco hotels, many are still intent on indulging a hedonistic streak.

This season, the usual streams of visitors from New York, Latin America and Europe have been joined by some deep-pocketed Russians, who tend to contribute unstintingly to the city’s economy.

Source

Miami Beach has always been smart to target wealthy foreigners. The Russians are the only ones with any real dough to bake anymore.

And Miami Beach has been smart to serve up Sin. (And to entertain gambling).

And of course Models.

Click Here for Fool’s Paradise: Players, Poseurs, and the Culture of Excess in South Beach by Steven Gaines

Click Here for Bella Rose Nightclub South Beach, Miami

Click Here for The South Beach War Report Part I: The Basics

Click Here for Models, Murder and Mayhem, The South Beach War Report Part II

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
The Guide to Getting More out of Life
http://www.thegmanifesto.com

AZ – Hey AZ feat. SWV

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Dubai: The Vulnerability of Success by Christopher M. Davidson

» 18 February 2009 » In money, Travel » 4 Comments

Dubai: The Vulnerability of Success by Christopher M. Davidson

Click Here for Dubai: The Vulnerability of Success by Christopher M. Davidson

Sofia, a 34-year-old Frenchwoman, moved here a year ago to take a job in advertising, so confident about Dubai’s fast-growing economy that she bought an apartment for almost $300,000 with a 15-year mortgage.

Now, like many of the foreign workers who make up 90 percent of the population here, she has been laid off and faces the prospect of being forced to leave this Persian Gulf city — or worse.

“I’m really scared of what could happen, because I bought property here,” said Sofia, who asked that her last name be withheld because she is still hunting for a new job. “If I can’t pay it off, I was told I could end up in debtors’ prison.”

Click Here for Dubai: The Vulnerability of Success by Christopher M. Davidson

With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills). Some are said to have maxed-out credit cards inside and notes of apology taped to the windshield.

Source

Dubai getting beat up.

Christopher M. Davidson who wrote “Dubai: The Vulnerability of Success,” says, “Why is Abu Dhabi allowing its neighbor to have its international reputation trashed, when it could bail out Dubai’s banks and restore confidence?

“Perhaps the plan is to centralize the U.A.E.” under Abu Dhabi’s control, he mused, in a move that would sharply curtail Dubai’s independence and perhaps change its signature freewheeling style.”

Click Here for Dubai: The Vulnerability of Success by Christopher M. Davidson

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
The Guide to Getting More out of Life
http://www.thegmanifesto.com

Cant be life Ft jay-z ,Beanie,Scar Face

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