Economic Crisis 2015 – Peter Schiff & Mike Maloney
Recently Peter Schiff visited Mike Maloney in California. During his stay they filmed nearly 3 hours of discussions about precious metals, freedom, and the economy in general.
Over the next few weeks we’ll be publishing a series of these videos, so make sure you are subscribed as this analysis is not to be missed. In this first installment, Mike and Peter discuss hard evidence that a huge economic crisis awaits us in the not too distant future.
Contact me HERE, to receive a cash flow business strategy, build your own system, and take advantage of this economic crisis
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the impending second wave of the lastest mortgage crisis, this time due to Helocs (Home equity lines of credit) and HAMP (Home Affordable Modification Program) interest rate resets. In the second half, Max interviews Aaron Krowne on the true state of the housing market across America – from home ownership rates to mortgage arrears.
In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up.
If we remember what the price of gold was back to 2001, US$271 per oz, to the end of the the best world economic era, (2008) the gold price went up to US$872 for the same ounce. If we are in the middle of another mortgage crisis, what do you have to do? Learn more [Should you buying gold?]
What are you going to do?
Let me suggest a simple strategy: exchange your money for gold, but more simple, start with 1 gram at the time, no investments, no ETF and no risk.
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This is not an ordinary situation, this is a serous wealth transfer in history.
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