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Finding Cheap Auto Insurance Quotes

Do you automatically buy too much insurance? Have you tried to compare car insurance quotes? Say you do not own anything and are digging through student debt. You are lucky enough to have a car and only bought it because car sharing is not going to work out cost-effectively for your commuting situation. A lot of people buy too much insurance. They buy as if they have to protect the savings and financial resources of Bill Gates.

The caveat is this. You might be judgment proof today, but your future earnings may put a target on your back if you are a law student headed for corporate law firms making six figures, for instance.

Find the middle ground when purchasing the bodily injury liability and property liability portions of your vehicle insurance policies. Liability include injuries or property damage you cause. In some states they have no-fault laws; meaning, if they are involved in the accident the insurance pays out according to need. Those states often have personal injury protection or PIP in place.

The other consideration is accidents these days are costly. Have you seen the price tag on a new Honda recently? Then you know that the BMW and Mercedes you just hit are a hefty sock to the wallet.

Outsmarting Yourself With Cheap Auto Insurance Quotes
If you are young, beware people who have all the answers. Sometimes they are wise and being insistent because they want to keep you from making the same mistake they made. Other times, it is not good for all advice.

For instance, if a tree falls on your 15-year old car with a $2500 value, listen up. If the tress hits the hood, scrapes the paint, and break the front lamp, is it better to have the car insured or not? Put it this way, if you skip insurance, you have no car to sell to get $2500 cash, but now you need $2,000 to fix the car. Insurance for $50 and a $500 is definitely worth it with cheap auto insurance quotes.

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Knowing You Have An Eating Disorder

I am curious about if I have an eating disorder. I didn’t think that was what was going on until I talked to a friend of mine about hers. She struggles and has for years and what she told me sounded familiar.

For one thing, I hate the thought of being overweight. I worry about it all the time. I know a lot of people worry about their weight but I don’t think they think about it as much as I do.

The next thing was throwing up after I eat. I don’t always do this but it happens. When I do it I am thinking about how it will help me lose weight.

The other clue was when my friend told me that people always tell her she is too thin. She doesn’t feel like she is. I have the same problem. People will tell me that all the time and I just have a hard time agreeing with it.

I think I need to look into this a bit more. I don’t want to be unhealthy. If I have an eating disorder I want to see about getting some help for that problem (same kind of help I got when I wanted to know how much does life insurance cost).

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NPR: Banks Refusing To Take Back Foreclosed Properties

Interesting segment from NPR about banks refusing to follow through on the foreclosure process. Even though someone may have walked away from there loan, the loan isn’t “closed” until the foreclosure process is finished.

So with a previous post on how to claim your property it appears there are those people who don’t want their property. And some banks don’t want it either.

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H+: Hacking the Economy

Over at H+ Magazine, there’s an article titled Hacking the Economy.

Well worth the read. It is a short article that talks about how to setup basic barter type transactions in your community. An example Doublas Rushkoff, the article’s author, gives is a restaurant providing $1.20 in restaurant dollars for every $1 US dollar you pay upfront. Very similar to just giving you a 20% discount on your food purchase. It’s not a perfect solution or example, but you get the point.

What I really liked about the article though is his discussion on centralized currencies versus local currencies. Here’s the money quote:

Like most innovations of the Colonial era, centralized currency is a way to extract value from the periphery and bring it back to the center. People’s labor no longer contributes to their wealth, but to the lender’s. Eventually, the lending economy — central banks and banks — becomes bigger than the “real” economy of people doing stuff. Today, in fact, over 95% of currency transactions are made between speculators. Our money is used less for real transactions than betting.

There’s a few more choice paragraphs about the money changers and the charging of interest which you’ve heard here before. Make sure you check it out though, since he does a good job of summing up our monetary system. Also, if we completely collapse, some of this “local currency” idea may be worth starting while we work in our victory gardens.

NOTE: Thanks to Barry Ritholtz at The Big Picture who thanked Boing Boingwho found the original article from H+. (Don’t you love all this hat tipping?)

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Opinon: in the email

A friend of mine who I haven’t talked to in a while emailed back and forth a bit about what is going on in the economy. He’s been pretty much out of the loop and just listening to MSM to know what’s going on. I couldn’t hold back and just piled on. After looking the email, I thought perhaps this could make a good post. May not be on the topic of “Where’s the Interest”, but it expresses my opinion. Right or wrong.

The Great Depression saw a 90% drop in stock prices. And it took 3 years to do it. One source I found says these things are completely planned and timed and all it takes is to figure out is the timing. He claims to have worked out the magic and now says to watch out for the Ides of March (March 15th). He also says dow 2800. So far he’s been correct in predicting the fall to the day in September (he said this in August), and also said the same for the Feb 9 date. Do I believe this? Not sure. But if you combine this along with the understanding on economic theory from the Austrian school (, then you can see this all happening. Again, combine the conspiracy theory with real economic theory and sprinkle in what goes on day to day, and it all spells doom. Just heard that the last 2 weeks alone represented 50% of ALL the outflows from the market last year. So, why is the market up? Market makes the opinion. They want you to put your money back in. Maybe your missing the bottom. Remember most the gains in the market are made in a very small number of days. You sit out, you lose. So, you better get back in before it is too late. Market makes the opinion. Also, why is retail spending up. Duh, people pulled 50% of all the outflows from the market last year in the last 2 weeks. People are flush with cash and are spending. Likewise as people get their severance check, they spend it. So, once people spend their 401k, IRA money, and their severance check, then they’ll result to their lines of credit (if they still have it.) How long until that all runs out? Don’t know, but wouldn’t that take some time? Again, the market took 3 years to fall 90% in the Great Depression. We entered the recession 18 months ago, maybe we’re half way there to the bottom.

All we need is a perfect storm or one big nail in the coffin to seal the deal. Derivatives. That’s the problem. The Bank for International Settlements ( or the central bank for central banks said that in last June 2008, there were $683 trillion dollars in derivatives. But this number was just a guess since there really isn’t any real accounting or value put on these things. How many banks do you know that post numbers “liberally”. They don’t. This $683 trillion may be low. What happens when this goes bust? The world’s GDP is $60 trillion. Our net assets are slightly more. There just isn’t enough money in the world to pay this stuff off. The answer. A new currency. A worldwide currency. If someone owns the currency, they own the financial system. If they own the financial system, they own you and your work. Is this tin-foil hat thinking? Perhaps. But nobody thought there was a thing as a black swan, until one day a black swan appeared. People had to suddenly rethink what they knew.

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AntiSocialMedia: Hedge Funds and the Global Economic Meltdown

Over at, there is some interesting reading on the causes of our current market meltdown. Mixed into this are examples on how our Web 2.0 world is full of manipulation. I first saw this post and thispresentation that talked about naked shorting but finishes with an example of how a reporter and book author uses Wikipedia and other sites to push his book while also doing a favor for those using naked shorting in their investing.

You can also check out other sites related to the naked short play here:

Spend 25 minutes and learn something about the manipulation in the markets by watching the video below. Where is the real reporting on naked shorting?

One wonders if CNBC was about to blow this wide open when someone went out and placed June puts at $2.50 on GE (see this) as a warning shot across the bow to stop any reporting on this. Hmm.