ALBERT HERTER

A MUST READ!!! RE-READ. ONCE MORE FROM THE TOP UNTIL YOU ‘GET IT!’. IT’S A NEW WORLD FOLKS. I’VE LIVED BELOW MY MEANS MY WHOLE LIFE. SIMPLE LIVING. SLEEP WELL & EAT WELL BOTH. GIVE IT A TRY!!!

In Uncategorized on September 8, 2009 at 17:29

People often ask me where the economy is headed.

Isn’t it obvious?

Apparently not.

Here’s the scoop:

1. The world runs on credit – and not just credit cards

and mortgage loans. Shippers, manufacturers, miners,

retailers, farmers…they’re all dependent on credit.

2. The credit markets are still in disarray and the structural

problems are on an epic scale

3. The only reason the credit markets are functioning is

because they’re being propped up by non-stop government

intervention,

So you tell me…

If you pay a visit on a friend and he has eighteen

tubes in him and is on a ventilator, how healthy

do you think he is? What do you think his prospects are? ?

My recommendations are simple:

1. Stop buying junk

2. Don’t make any purchases (real estate especially)

that requires credit

3. Save every nickel you can

4. Stay the f*** out of the stock market and other

financial games

5. Make sure whatever cash assets you have are

distributed among several financial institutions

that have the highest possible rating

6. Learn to cook healthy food – grains and greens

7. Remember there’s a lot more to life than being

a consumer

A conversation taken straight from the

Chicago Board of Trade.

These guys know the credit markets, they know

what condition they’re in and they know what will

happen when eventually the second down leg

comes.

– Brasscheck

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