Has any of y'all watched this?

**6 Shooter** · 12-20-11, 01:42 AM

**timfitz63** · 12-20-11, 08:48 AM

I perused the transcript some months back. I independently came to some of the same conclusions expressed in this video about the debt and how to prepare for it (investing in precious metals, etc.). But the main thing I took away from it in the end: while their investment advice may be sound, first and foremost, they're trying to sell you something that seemingly only they can offer (some magical insight into the future and how to make money on it)...

My free advice: take it all with a grain of salt...

**6 Shooter** · 12-20-11, 03:42 PM

Tim - Appreciate the advise and I know the man/company trying ta sell snake oil, some say it's scare tactics, but a house of cards will fall down.

The US and global economy has been prompted up for quite sometime, I think the puppeteer's are about out of tricks.

**timfitz63** · 12-20-11, 04:17 PM

Originally Posted by 6 Shooter

Tim - Appreciate the advise and I know the man/company trying ta sell snake oil, some say it's scare tactics, but a house of cards will fall down.

The US and global economy has been prompted up for quite sometime, I think the puppeteer's are about out of tricks.

My pleasure! That was kind-of my impression too: scare tactics to get you to buy their wares... They were obviously hinting at some kind of "make money while all around you are being ruined by economic turmoil" secrets. Personally, I'm not interested in getting rich while the country is getting ruined; I'd prefer to fix what's wrong with the country so we can all prosper... Maybe I'm just being altruistic, but that's my angle...

Agreed. I also think that the U.S. economy is on some pretty sandy soil -- and if things don't change soon, it probably won't be long before the tide comes in... Precious metals are a good place to have some of your money as a hedge against inflation. But probably the best thing one can do for themselves (and in stark contrast to the country at large) is pay down their personal debt as much as possible -- or entirely. If the economic cards all topple, the rate of inflation is likely to rise sharply along with interest rates, and you don't want to be carrying a lot of debt if that happens...