***Important Announcement*** Witness the worldwide economy collapsing before your very eyes whilst reclining in your “Made in China” sofa chair! This week we will be hosting an end of market updated “World Market Watch” chart in the sidebar, courtesy of Sanebull.com. Keep your sanity and check the chart once a day! Enjoy!

There is not much to say at this point about the U.S. economic meltdown, other than gluttony has no bounds. The fat wife, the huge house, the ponderous automobile, the dog spas, the BabyGap spending, and the desperate motivation to maintain it all is the grotesque fantasy that has been injected into the melted mash between your ears.

It is all based on an economy of spending money you do not have and the assumption that you will pay the overleveraged money back, someday. No family or nation can endure under such fiscal nonsense.

Therefore, with this as a lead-in we bring you our regular news compilation from the homeowner front, or rather, the mortgage meltdown, courtesy of Patrick Killelea:

Mon Nov 24 2008

Bay area house prices plunge (themessthatgreenspanmade.blogspot.com)
Falling prices a bitter pill for houseowners (sfgate.com)
The housing market has downshifted AGAIN (moneyandmarkets.com)
Why buy a house? Behold, the biggest myth of the American Dream (sfgate.com)
Worst of financial crisis yet to come: IMF chief economist (breitbart.com)
Futures Show House Prices Continuing To Plummet (seekingalpha.com)
Treasury Yields Drop to Record Lows as Recession Concern Rises (bloomberg.com)
How deep a recession? (csmonitor.com)
U.S. power, influence will decline in future (cnn.com)
The death of the dollar? (news.bbc.co.uk)
Why Isn’t Anyone in Jail? (finance.yahoo.com)
The black hole in financial markets (atimes.com)
Economist blames Fed for downturn (kansas.com)
Suddenly, Stricter Appraisals (nytimes.com)
Collapse of 25-year debt surge not just economic cycle (philly.com)
FHA-Backed loans: The Next Subprime Crisis Looms (spiegel.de)
Citigroup plight follows familiar plot (guardian.co.uk)
Failed Bank List (fdic.gov)
These People Are Burying Their Cash (smartmoney.com)
Buy a toaster and get a free bank! (patrick.net)

—(patrick.net)

***Thank you Google for putting our “How to Survive the Depression of 2009″ post in the top ten search ranking for related keywords. We hope our high ranking lasts, but our hard hitting Obama posts may be enough to censor our entire website once the immoral liberals get wind of them***