For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. The interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy.
Forecasts predict all countries' debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next?
Hot potato, hot potato, who will be stuck with the hot potato? The tax payer?...YOU?
What can you now to prepare for the future?
- Pay-off all the outstanding debt including your mortgage and car loans
- Be informed. Don't trust the media to tell you the truth. Verify everything & take action
- Have cash on hand for emergencies. At least $2,000 in small bills. NO larger then $20
- Buy silver and gold
- Have more then one source of income (see sidebar: Learn To Earn...)
- Learn new skills (Carpentry, auto-mechanics, plumbing, electrical, etc.)
Focus-On-You...Focus-On-You...Focus-On-You...
Michael Kahn & TTC (Time To Care) Ministries
TTC Ministries is a faith based non-profit organization which provides Bible study for mentally ill people. TTC Ministries also helps clients find jobs and housing in Bergen and Passaic counties of New Jersey. Click here for more information.
