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Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Thursday, April 2, 2009

Is This a Real Solution?

So all the Kingpins got together in London to agree on more fiat currency printing. They have apparently agreed on a BIG pool of money being given to the Fed's sister corporation the IMF (International Monetary Fund - created during the Brenton Woods agreement in NJ back in 1944 - the last time this many leaders met to discuss world economics).

Suddenly the market takes over the excitement of it all. Is this really the solution to the global economic slump? Jim Crammer thinks so, he boldly announced this morning that the "End of the Depression" had arrived!

Let's see, if you are in a fix because of too much debt in the world, caused by phony money backed by debt (and many other debt schemes like CDO's and Credit Default Swaps), can you get out by printing more? At least for today, the market thinks so.

Don't kid yourself, this is NO Solution. It May be a band aid or quick fix, but it is NOT a permanent solution. I wonder if they talked about adding some new high-speed presses to the central banks of the world? Maybe the Fed sold some of their older equipment to the underprivileged nations!

All joking aside, in today's high-tech world these banking cartel mobsters can create new currency (more like credit in some account) with a keystroke. One click and your in. No wonder the folks in London were angry in the streets of the financial district!

The idea seems to be that if all the fiat currency giants each print a little extra money and put it in a BIG International pool (in the guise of the IMF) that somehow things will be better. BUT, in their defense, what else can they do save more of the same? Short of scraping the whole fiat monetary system (paper money back by debt), what other choices do they have? I don't see the men in black suits and dark glasses giving up their legal right to print money anytime soon - do you?

SO, what can we do? Not much about the BIG MESS. All we can do is protect our families, and pay off are hard assets or create other income streams that will keep us afloat in the inevitable inflation that is sure to follow.

My solution is to follow the market wherever it goes and grab my little piece of the fiat pie. When are you going to join us in Index Trading? It really does not matter what the market does, we can go along for the ride. The question is, will you be with us, or setting on the sidelines waiting for a real solution to the world's problems? (Hint: Don't hold your breath while you're waiting!).

Thursday, October 2, 2008

Are You Debt-Free Yet?

We have been telling our readers for some time now that the best thing you can do for your finances is to get completely out of debt. The mess on Wall Street really brings that strategy to light.

While big companies are falling to the way side, the firms with no debt and cash reserves are doing just fine. That is Exactly the position you need to be in as an individual. If you are not paying the typical amounts to interest and taxes, you are going to be in a MUCH better situation than most people are these days.

No doubt inflation has effected the family budget.

The Bush oil men started their plan of bringing on HUGE oil and gas prices several years ago. They apparently never stopped to think that if the common folks are paying 3 times what they are used to for gas, they might not be able to pay their mortgage bills, car notes, or credit card usury fees (which many families have been forced to run up to pay for their gas).

Now the financial backbone of the country is in crisis, and Wall Street is scratching their heads trying to figure out what went wrong.

Of course, now that Lehman, Merrill Lynch, Fannie & Freddie and many others in the financial sector have waved bye bye, folks are wondering where it all will end?

My guess is that this HUGE economic mess is no where near finished. Who knows, it might even lead into the Great Tribulation mentioned in the bible. No matter what happens, we better all take steps to protect ourselves now, and not wait on Washington to fix it.

Statistics show that most folks who declare bankruptcy could have saved themselves with just a few hundred extra dollars per month. That is a very realistic goal for most home biz entrepreneurs. There are many ways to do that much and More online.

If you are in the business of helping folks created income streams at home and/or online, then you could likely be part of the solution. Our feeling is that it will be the entrepreneurs of the world that pull us out of this.

We favor the strategy of increasing income, and decreasing debt at the same time. Many people will wait until they are completely debt-free before they look toward increasing income. Why not do both at the same time? With just a little planning, you can be well on your way to the lifestyle you want. (In many cases you can cut out the fat and find additional money for debt reduction without increasing income at all.)

One thing is for sure, with their record, we can't wait for Washington!

To get our FREE PDF REPORT & ACTION PLAN VISIT:

http://theamericandreamisdead.org/