Rich or Poor by 2012: What the 2011 State of the Union Address Missed

What President Obama didn't tell you in his 2011 State of the Union Address: Experts agree that the next crisis is to be expected within one or two years, so there is not much room left for preparation. Even worse, it may be even more damaging than the meltdown of 2007-2008 and its aftermath.

Rapid changes in the economy create winners and losers in a very short time. By positioning yourself appropriately now, you can create a much better starting position for yourself and your family once the worst is over.

The U.S. debt is unsustainable and the dollar may soon experience hyperinflation. Don't stay in denial and hope things are somehow going to get better. Your wealth is in real danger—make sure you protect it. You have little to lose if you prepare and a lot if you don't.

More info at: http://www.goldinmind.com/crisis

For your easy fact-checking—sources mentioned in this video:
Peter Schiff was right vid: http://www.youtube.com/watch?v=2I0QN-FYkpw
Peter Schiff interview: http://www.moneyandmarkets.com/martin-weiss-interviews-peter-schiff-39820
Gerald Celente interview: http://www.infowars.com/celente-predicts-revolution-food-riots-tax-rebellions...
Nassim Taleb interview: http://www.businessweek.com/news/2010-03-12/-black-swan-author-concerned-abou...
John Williams (the inflation expert) interview: http://seekingalpha.com/article/202269-the-case-for-hyperinflation
Facts on financial advisors: http://www.nabcap.org/investors-resources.cfm
U.S. trust in media stats: http://www.businessinsider.com/poll-americans-dont-trust-newspapers-or-tv-new...
The Fed and the Housing Bubble: http://www.huffingtonpost.com/2010/05/03/greenspan-wanted-housing_n_560965.html
Columbia Journalism Review (crisis warnings analysis 2000-2007): http://www.cjr.org/the_audit/the_list.php

Gold in Mind: http://www.goldinmind.com

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[CarimboHanky]

i love how all this gold merchants want you to buy gold when its evident that the gold market is inside a bubble thats being getting bigger since mids 2005... all that go up have to come down

[GoldInMind]

@CarimboHanky @thebroDgrrr We recommend many more alternatives besides gold and encourage people NOT to put all their savings into one basket, just in case one of these asset classes, including gold, got into a bubble stage. Those recommendations include crisis-proof stocks, farmland and in some cases real estate. Our goal is to compile opinions and advice regarding the coming crisis from some of the best economists and forecasters. See our website for more in-depth information.

[serolog2]

@GoldInMind Great video. One thing I am not sure if I understand is n.1: Why do you think it will be harder to get out of debt now than later? In case of hyperinflation, If I owe $20k, I will still owe $20k (+interest), but the dollar is now greatly depreciated, so technically I owe less value to the lender. Thank you in advance.

[GoldInMind]

@serolog2 You'll likely be financially under water because during hyperinflation prices are rising fast while income stays same or is adjusted with a long lag and not to the extent of hyperinflation. Second, if interest rates go up, your payments will go up - most debt is adjustable rate. So for most people expenditures just go up exponentially while their income doesn't (plus many may even lose jobs because of the hyperinflationary financial crisis).

[mmksa100MM]

Great video thanks. However, is it going to be hyperinflation or deflation?

[GoldInMind]

Inflation vs. deflation is more a matter of policy, than of some natural laws. There's no use in betting on one or the other scenario. Instead, make sure you don't get hit hard by either one. Put your savings in different baskets. Gold performed well during 1930s deflation, during periods of market chaos, high inflation, not necessarily during moderate inflation. What's sure is that there's a market crash ahead, possibly followed by economic depression, so avoid paper IOUs, prefer the tangible.

[tcorourke2007]

Everyone should own precious metals. But in an "economic collapse" "gold & silver" do not "appreciate strongly".

[nextVTgenerati0n]

Thank you for this great vid!

[tonyvwatson]

This guy was very perceptive and saw what was coming long before most other, so-called experts had a clue. Now it may be too late for buying gold or silver to be worthwhile, though who can tell? My approach, which is mainly aimed at people trying to ensure they have a decent income for their retirement is to create your own passive income by means of an online business.

[shanesekiller]

I feel like this guy try to sell gold to people who watch this video.

[visionfirst1970]

What no-one seems to be able to explain to me is,, if the dollar falls and our economy crumbles how is a piece of shiny metal gong to get you anything (except maybe out of the country)??

Scenario: Hey dude can I buy a loaf of bread from you? Sure, great do you have any change for this ounce of gold?

You see, I say bring the collapse on, its time to end the greed and corruption.

Alcoho, cigs, fuel, bullets, canned foods high in protein, These are the items you will want to be in possesion of.

[freba91]

@serolog2 Bush-his Iraq_his Tea Baggers.

[HGSpaceTime]

@serolog2 Rich or poor is least of my thoughts right now, my focus is on building Chilbolton warp accelerator get off this planet before October 2011 Earth has no future Elenin is coming.

[serolog2]

@HGSpaceTime funny to read it coming out of the internet. I could not agree more with you, but the problem is that we do not know how low the new bottom could get? There were some bottoms in the history when people were fighting for their lives and not cell phones.

[serolog2]

@GoldInMind Right, I certainly understand the point about the debts with ADJUSTABLE rates. As far as the debts with FIXED rates go (e.g. most of the mortgages and student loans), your video suggests that we are better off not paying them off in case of hyperinflation, which I agree with. Governments with international debt (incl. ours) seem to think the same way. Of course there are other expenditures and bigger problems like loss of jobs, but I just wanted to make sure that ud you correctly.TNX