Saturday, January 31, 2009

Things the Mainstream Media will never tell you about our economy - Part 1

I've recently done a lot of research and reading about what is going on in our economy. One of my business partners has a far better grasp on what is happening than most pundits do, and I have him to thank for the bulk of my knowledge on the subject. I am NOT an expert, so I'll not venture into the impending implosion in the derivatives markets (we already saw what that did to AIG) or the upcoming commercial real estate meltdown (watch for TARP empowered vultures to swoop in to pick up some bargains), simply because I'm not sure I totally understand it all.

Not fully understanding is exactly why I'm starting this brief series - most of us average folks don't understand the REAL reasons for the mess we are in. Talking heads interested only in getting their sound bites aired offer little of substance. Politicians will NEVER, EVER take the blame themselves for the mess we're in (even though government IS largely responsible), instead choosing to point fingers at "greedy" corporations. Wall Street seems inhabited by 21st century pirates. Who is really to blame?

I could go on and on. Rather, I will post links, videos, commentary and such that will give you an idea of the actual scope and what you can do to take care of your family. Again, I'm not an expert, and I do not endorse every single part of every single link I post. If you disagree with something,at least we've started talking about something that has largely been ignored.


what is critical is that you DO NOT PUT YOUR HEAD IN THE SAND. Ignoring the problem will not make it go away. What has started will affect every facet of your life. Prudence is essential.

"A prudent man forsees the evil, and
hides himself: but the simple pass on, and are punished."

Proverbs 22:3
and Proverbs
27:12
NKJV

So first, let's learn about our money supply.




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