Lehman, Merrill, Fannie - be prepared ($72 Trillion out there in CDS)

With $72 trillion still out there in Credit Defaults who knows who will be next to go and who will survive.

With the major moves over the weekend in the financial markets I want to advice you how you can be prepare for a different kind of future

I can advice you that the best way to survive an ever increasing changing world is to listen to your intuition and put your faith into yourself and be prepared as best as you to look after you and your own by not being in debt, owning some property or land and trying to gain some skills such as gardening, engineering etc..

Good luck

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[yellowtreat]

The picture your daughter made is great, she has a great mentor!

[TIGJAY]

thanks she made it many many years ago and it's advice I find spot on

[OghamTheBold]

If you have to ask about an investment - I'd say the rule is no - but - I heard a smart lady - after a whopping crash, put every dime she had in to shares and years and years later was stinking rich, ate too much cake and exploded

[TIGJAY]

cakes good :)

[MrWurzable]

My friend, I am sure you are a busy man but me and many of your other subscribers and fans would love to see much more videos. Not complaining of course ha ha. Thanks again for your advice and your videos. Thank you sir.

[zrac09]

cds=country swan dive. the crash of 29 was driven by unregulated speculation as well. joe kennedy who made a ton of money on wall street is said to have said "i cant beleive this is legal" but, hey,

if killing babies for 100 dollars each were legal, you know someone would be into it!

there is a place for... gasp...government regulation. human behaviour resists facsist control, but imagine removing traffic lights because it was considered undue regulation...hope you got the biggest car.

[truthsleuth]

This is certainly a well stated look at what has led up to,what has already happened,what is going to happen,and what may/will eventually happen,with some good explanation as to the"why", behind it all, along with some good,personal,well-intended advice for getting through these times too.

Thanks for posting it. I'm sure many others will be helped out by what you have done here.

[bandit2888]

Thanks, but whos going to buy up these companies once the economic collapse comes, and what form are they going use to purchase it?

[arriesgarse]

lehman and frannie are trading under a buck and they're dropping 10-50% a day. if they hit negative territory.. there's no limit to how much you can lose. the stock market will crash, it's only a matter of when. if i were you i would empty my portfolio and invest solely in commodities. start collecting gold and silver. if and when the market crashes, the dollar along with all major currencies will be worth pesos.

[jojo808]

barter system anyone?

[boots920]

Fiat money is backed by nothing, so even if you have cash it could eventually be worth 0. Got Gold, Silver its one of the few portable commodies that will always be worth something.

The paper is only as good as government performance, gold is as good as gold.