46. 30 ReasonsTo Get Out Of Real Estate Part 2

http://TheGreatestTruthNeverTold.com

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[TruthNeverTold]

@joshxxt Watch the Ultimate Exit Strategy.

[TruthNeverTold]

@9pt9 You got that right. The system must purge ALL debt before any growth can happen.

[TruthNeverTold]

@Robbob9933 It just got progressively worse under bush mainly because he raise the federal limits on loans that made the colleges raise their tutition and interest rates were low. Just like the housing bubble it will pop but this generation cannot go into foreclosure. Sold a dream land live a debtor.

[TruthNeverTold]

@ferrari4sale Cc debt is tough as the rates are high and compounds fast. The good thing is of you have a lot bankruptcy purges it. In general it is good to be in debt during a hyper inflation and you will need real assets on the other side of it.

[goldhedge]

#30 you misspelled guarantee... fwiw but what a great compilation of truth...!

[TruthNeverTold]

Thanks I corrected it in the master copy.

[dishesdealer417]

Read Ferfal Aguirre's book on living through the argentinian hyperinflation & currency devaulation of 2001. IF you held a strong currency (U.S. dollars at the time, the Euro or gold) & you got them out of the bank before the banks stopped letting you have no more than a few hundred a week out of your own accounts, THEN you did well. Everybody else did not. The elite were tipped off & got suitcases of good money out before the bank holiday & withdrawal restrictions came in.

[dishesdealer417]

They say the old dollar is dead & they introduce a new dollar that is worth 1/4th of what the old dollar would buy. They MAKE you trade the old dollars for the new & jail anybody who tries to buy or sell in old dollars, gold, silver, foreign currency or barter (they will call them economic "terrorists" or something & put them in FEMA camps) I never believed that fema stuff until the NDAA was passed by both parties & signed by the pres. They can't agree on anything, but that they did together

[Kyle Ernst]

Check this out..my wife's ex missed his first child support payment and subsequent month made partial payments over the last 7 years..he is in the Philippines, untouchable,never see it however the state I am in, if you file a judgement the interest rate is...get this 12% a MONTH! I was flabbergasted...then we did the math...as of right now..he owes us... 1 million a month...and climbing...owing his daughters 8 million as of now with 12% a month...reality..he owes 100k.

[Kyle Ernst]

I think if you own or mortgage a home...hunker down. Stay put...everyone bugging out is not the answer. Get out of debt, dont use banks until they give us higher than .01% on our hard earned money while they get rich. The dollar is still King...no currency even comes close and the fed is not just going to roll over. Tread carefully between hard assets and cash. See last Friday April 12, 2013, everything is manipulated..you cannot escape but you can abide...

[Kyle Ernst]

Or perhaps just go digital and convert the dollar. Everyone turns in their dollars we shift to a debt and credit system where it takes an eye scan to assess your account, buy or sell. Gold, silver and some other tangible assets will be verboten..they might lock gold at $900 and demand everyone turn it in for credits. I think chaos will happen, a planned event will trigger it, the store shelves will empty, when the dust settles triple price tags on everything and cash is converted, mandatory. mho

[Kyle Ernst]

I must disagree with that...many businesses without loans would simply cease to exist. Manufactures must take loans to build the widgets...most corporations could not do it with cash every month...this is the problem in Cyprus. The local business grocer cannot get a loan and his suppliers are demanding cash, euros. Paper currency will die like newspapers, slowly, kicking and screaming. Can you imagine if Apple cannot get a loan to buy silver to make an Ipod...OMG EOW!

[willTrade4food]

nice production lots of good points

[GANEVMUSIC]

BRAVO,great video

[vChipGivesThemSight]

I live in a very urban area, in fact, in the capital city of my country. I'm a student and I have to stay here for the next four years. The program isn't teached elsewhere here (green building engineering). I'm kinda scared of how it can be to stay here as I live in a very dangerous area of the city, in a student housing apartment. My family lives too far for me to go to school from there. Any tips?

[shanelt4]

He addressed concerns of people who own/rent homes they are currentlyu living in around 9:40. If in urban area he recommends immediatly selling and relocating to a more rural area. otherwise, keep the mortgage payments to a minimum and take the cash you may spend paying down the mortgage into physical assets. preps and silver. He also recommend people need to start moving back in with family to save money and better weather out the hard times ahead.

[MrLivePositive8]

What are you investing on now? You wrote this 3 months ago, have your thoughts changed?

[Trephining]

A latchkey kid is one whose parents aren't home (they're at work) when the kid goes to school or gets home. So they use their own key.