Video...Newsmax's Aftershock Survival Summit

[freedomfightercaptain of 1,000]

Will there be a financial collapse in 2012? This video is vey interesting.

[7cylon7captain of 1,000]

Nice INFOmercial. The beginning has some good information. There was nothing in this video that I did not already know.

Let me save you the time.

A crash in the dollar is comming. Interest rates are going up.

1. Don't invest in real estate..... thank you for this great tip.
2. sell home and rent... this is due to the fact the home prices are going to fall even more. (he forgets that rent can go up, alot) The best one I heard was go buy for cash the biggest home you can. At least you will own it. Like a small home for $75,000 if you sell your big home now many can use the equity if they have it to pay cash for a small fully owned home. i would do it by the wife thinks I am crazy so we shall suffer with the rest of you.
3. As always get a FIXED rate home loan....... any one with an ARM is plain stupid.


He said payoff your car loan.... This is just like your home. if you have fixed rate with most are then you are okay unless you loss your job. I would say for each family have at least ONE paid off vehicle. They can repose your non paid off car but the one you own will still get you where you need to go.

Credit CARD..... some fixed rate credit cards can raise your rate IF you miss one payment or are even late by one day with the payment. They can go up to 30%. This is just like a loan SHARK. My cards are around 4% and a couple at 14%. I am paying them off as fast as I can. PLus look at all the money you will save by not paying anymore. (along with this is don't put anymore items on your cards what so ever. ONly if you intend to pay it off completely in the next month.) High credit card limits with low balances give you the best credit scores.

That is all he says. I knew all of this before I saw this program. In fact, a prophet said this what over 10 years ago.

Gold I laughed at his gold advice. he said ETf were okay. I can tell you that if you want to invest in gold you had better take physical delivery. He was saying that you don't have to take physical delivery. Look at the past history. They took all the gold in the banks in the name of national security. They will steal you gold again.

Get silver and gold if you can but take physical delivery.

Of course what he left out was FOOD and basic home needs. We need at least a years supply of food and basic home needs like soap for a full year at least. I remember when it was 2 years of food and supplies.

This was an informercial to sell his book which I am sure if fine but you don't need his book to get prepared.

[freedomfightercaptain of 1,000]

I'm in a home with a thirty year, fixed 5% interest, assummable VA loan. Perhaps not as good as some who refied after I did when rates went a little lower (I think). So I hope I can withstand the shockwave (interest hike). My spouse and I, of fifteen years, got into this home 10 years ago with a 9% loan and had to refi twice to get down to the 5%. I got into it as an investment since I was tired of renting, and throwing money away every month. My pension pays the mortgage, so I guess I'm in it for the long haul. Considering my age and a thirty year mortgage at the time, I knew I'd never pay the mortgage off before I push up daisies. And that's okay cause we don't want to live in a tent. And I hope God will be merciful to those of us boomers striving to be righteous. We're getting up in years, and many of us with medical issues wouldn't survive long. The shock alone of losing our roof and somewhat comfortable living after so many years, would be very tough on us. We'll see how things play out.

Are we ever, really prepared?