Phil Mitsch - Solutions For America And A Better Life For You


What Caused America's Financial Crisis
Thursday, April 28, 2011

The short and simple answer is that all time, record breaking levels of 1) consumer borrowing and spending combined with 2) irresponsible, immoral, unethical, excessively greedy, and illegal lending practices between 1998 and 2004 led to the development of all time record breaking levels of payment delinquencies, in all consumer debt categories (not just real estate), starting in late 2004 and early 2005.  These payment delinquencies started a massive, negative, domino, ripple sequence of events that led to the development of many and very serious financial problems in the U.S. real estate market and overall economy.  Collectively, these financial problems represent America’s financial crisis and because these problems are catastrophic America’s financial crisis can now officially be classified as the Second Great Depression. Read More


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Capello picks Jones over Ferdinand

Fabio Capello has decided to omit two of his most experienced players for England's Euro 2012 clash with Montenegro on Friday.

The Italian has opted not to pick Manchester United defender Rio Ferdinand, while Liverpool captain Steven Gerrard has not been risked following his recent return from a long-standing groin injury.

Ferdinand has suffered injury problems of his own this season but, after making a substitute appearance against Norwich on Saturday, the 32-year-old had hoped to be included.

In Ferdinand's place is 19-year-old United colleague Phil Jones, who is still awaiting his senior international debut, as is Tottenham full-back Kyle Walker.

Meanwhile, there is also a place for Red Devils striker Danny Welbeck, who has been in fine fettle following his recovery from hamstring complaint.

He will be joined in England's forward ranks by in-form Bobby Zamora, while there is also a spot in the squad for Liverpool's Andy Carroll, following his goal against Everton.

The Three Lions need only point against Montenegro to ensure automatic qualification for the European Championships, but Capello insists his side will be going all out to win the encounter.

"If you play for a draw it is a big mistake, you are defending a result and it is easy then to make silly or stupid mistakes," he told FATV.

"We need to go to win in Montenegro and not to play for a draw."

England squad

Goalkeepers: Scott Carson (Bursaspor), Joe Hart (Man City), David Stockdale (Ipswich).

Defenders: Leighton Baines (Everton), Gary Cahill (Bolton), Ashley Cole (Chelsea), Phil Jagielka (Everton), Phil Jones (Man Utd), Micah Richards (Man City), John Terry (captain, Chelsea), Kyle Walker (Tottenham).

Midfielders: Gareth Barry (Man City), Stewart Downing (Liverpool), Adam Johnson (Man City), Frank Lampard (Chelsea), James Milner (Man City), Scott Parker (Tottenham), Theo Walcott (Arsenal), Ashley Young (Man Utd).

Forwards: Darren Bent (Aston Villa), Andy Carroll (Liverpool), Wayne Rooney (Man Utd), Danny Welbeck (Man Utd), Bobby Zamora (Fulham)





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Brendan Rodgers' first competitive match in charge of Liverpool ended in victory after a 1-0 win against Gomel in their Europa League third qualifying round first leg tie at the Central Stadion in Belarus.

On the night Jamie Carragher reached 700 appeareances for Liverpool they would have like to have recorded a more convincing win - however Rodgers will settle for holding a narrow advantage having spent much of the game on the back foot.

Stewart Downing's 25-yard effort midway through the second half was enough to give the Reds the edge going into the second leg match at Anfield next Wednesday.

Downing's strike followed a period of dominance for the home side, with Sergei Kozeka rattling the post and Dmitry Platonov going close before the England winger struck.

Gomel dominated the majority of the game and the Merseysiders were lucky to leave with the win after the hosts missed plenty of chances in the second half. Liverpool's back four looked rocky throughout and it was poor finishing rather than the performance of goalkeeper Brad Jones which cost the home side.

Despite the positive result it wasn't all good news for Rodgers on his competitve debut as Joe Cole limped off injured after just 23 minutes.

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Worst Real Estate Market In U.S. History
Thursday, February 10, 2011

(Here is an excerpt from my Financial Crisis Solutions Book, which I wrote in the Spring of 2008.)

When I say worst real estate market in U. S. history here’s what I mean. Since the year 2004 the United States has slipped into the strongest Buyer’s Market of all time. A Buyer’s Market traditionally favors home buyers. Why? Because the number of Sellers (supply) is greater than the number of Buyers (demand). As a result real estate values will decrease in this type of real estate market. However the United States has never seen a Buyer’s Market like the current one and believe me it will never see another one like it ever again. Here’s why.

Throughout the history of the United States an occasional Buyer’s Market, that results in real estate values decreasing, has been good. Why? The reason is because it helps stabilize and realistically equalize real estate values that have increased too quickly and for the wrong reasons. However the existence of the current and strongest Buyer’s Market of all time, which has developed since the year 2004, has not been good for the U. S. real estate market and overall economy. Why? Because this Buyer’s Market has resulted in the number of home sellers (supply) increasing to unbelievable, unprecedented, and record breaking amount levels. This market has also resulted in the number of home buyers (demand) decreasing (ratio wise) to unbelievable, unprecedented, and record breaking amount levels as well. As a result of skyrocketing supply and plummeting demand not only will it take potentially years to sell the inventory of real estate that is currently for sale but during this period of time real estate values will drop like lead balloons. What’s going to make matters even worse is that as more and more Americans and their businesses continue to experience financial and psychological problems, during the existence of this real estate market and overall economic Financial Crisis, the supply of real estate will continue to dramatically increase while the demand for real estate (ratio wise) will continue to dramatically decrease. This scenario is definitely not a good one for the United States to be in. Why? Because as America’s real estate values continue to decrease, so will the amount of America’s real estate equity continue to decrease as well. When you decrease and potentially eliminate real estate equity, which by the way is 1 of the 6 Fundamentals of the U. S. economy, from America’s economic growth formula it will result in significant deterioration of the U. S. real estate market. This then leads to significant deterioration of the overall economy as well. Why? Because whatever the direction the real estate market goes in the overall economy will follow due to the fact that the real estate market is one of the main vertebra that supports the U. S. economy’s backbone. Remember it’s this backbone that enables the U. S. economy to: 1) lay down, 2) get up, 3) sit down, 4) stand up, 5) walk, 6) jog, 7) run, and 8) sprint. So as you can see the condition of the U. S. real estate market has and always will have a tremendous impact on the condition of the overall economy. By the way I will be going in great detail about how important the existence of real estate equity is to the growth and prosperity of the U. S. real estate market and overall economy in Section #2 of this book. Read More


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Secret Formula To Determine Real Estate Value With Laser Beam Accuracy
Thursday, November 04, 2010

In order to determine the Fair Market Swing In Value Range of any piece of real estate properly, thoroughly, and with literally laser beam accuracy it is not only very important to understand what the 7 Types Of Real Estate Values are, but it is also very important to understand the following 2 Concepts as well.
 Read More


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