Tag Archives: depression

Episode-576- Seven Deadly Cracks in the U.S. Economy

I authored an article yesterday you can read at The Real Truth About Money called “Seven Deadly Cracks and The False Recovery” (Link).  I didn’t want to do this episode today so close to Christmas but I can’t get this out of my head.

The things I will tell you today and the components of the article I will expand upon you really need to know about and be prepared for.

We are about to enter a very dangerous time, a period that will be lauded as recovery, I have been saying this was coming for over two years now.  Today I will show you the how and why behind it and the seven deadly cracks that will eventually allow the dam to break.

Join me today as we discuss…

  • Reasons things seem to be getting better
  • How inflation creates the illusion of recovery
  • The real reasons behind the initial crash
  • The Seven Deadly Cracks
    • The collapse of the housing market is still in full swing
    • High unemployment that isn’t getting better
    • The majority of US States are near bankruptcy
    • Many cities and municipalities are near bankruptcy
    • The US is 13 Trillion dollars in debt and climbing
    • The deficit in 2010 was over 1.4 trillion dollars and it will be as bad in 2011
    • FAS 157 Voodoo Keeping Bankrupt Banks Appearing Profitable
  • What you can do about this
  • Protecting your wealth in the future
  • Why holding some cash is something you must do despite inflation
  • Debt must go NOW, here’s why
  • My outlook is positive as always, the wold is going on sale again!

Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Photo Credit Above to Wicky1 via Flickr

Episode-428- What Will a U.S. Economic Collapse Look Like

Note – there is a MSB discount in today’s show it will expire on Sunday night.  It is mentioned at the end of the house keeping segment.

What Will a U.S. Economic Collapse Look Like?  More important than what it looks like may be what will the consequences be?  Survival fiction is full of ideas about this concept that range from a second period of time like the great depression to the total end of all civilization.  As usual my opinion is that most often the reality is closer to a middle ground.  Today we will examine some current issues and consider what it would mean for us if the dollar collapses.

Join me today as we discuss…

  • First could I be wrong about the false recovery – could this be as good as it gets before the next crash?
  • What is an Alt-A Loan and what happened to FAS 157
  • Then a blast from the past as I replay part of my show from July, 23rd 2008 about FAS 157
  • Exactly what could really trigger the next crash
  • Why the big banks are “making nice” with the Feds
  • The danger that we lack skills in this nation
  • The lack of any real savings in America
  • The debt that has not gone away
  • The ostriches that simply think it can’t happen to me because they made it this far
  • When food fails so does everything else
  • Return of the “large family”
  • Fleeing to and away from cities – the death of the suburbs
  • Why you should act now, not tomorrow

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-83- 9 Predictions for 2008 – 2012

After returning from a two day trip I found a great new thread on our forum about predictions for the next few week, months and years.  I decided to use it as the basis for today’s show.

Tune in today to hear…

  • Why the site was down for most of yesterday
  • My response to Dudley Storey from Episode 81
  • Will Obama wins by landslide and if so what will happen because of it?
  • Will we see another assault weapons ban more restrictive than Clinton’s and how might it be opposed?
  • Will the depression/recession deepen or might we see a “false recovery” if so what will drive it and what will the next burst look like?
  • Will the fairness doctrine passed and what will it mean to “talk radio”?
  • Will taxes go up for only those making 250,000 or be raised soon after for every one else because the government still can’t afford what it is spending on programs and a trillion dollar deficit?
  • Will unemployment will hit double digits?
  • What events might trigger violent crime will increases across the country?
  • Will we still be in Iraq two years from now?
  • What is going to happen with the Afghan war and why?

Links and resources for today’s show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show.