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Friday, February 24, 2012

America's Credit Card Will Soon be Cut

It has been repeated so many times and in so many forms;  USA, and not only its citizens financed its high style and luxurious living via a credit card bash..  USA has misused its credit card;  and time has come to cut/foreclose that credit card.  USAs creditors and its citizens are realizing that D day is near at hand.  China, the biggest lender to the USAs credit card is becoming worried, and is lending less to the USA.

The situation is so bad that even NY has run out of money;  its payables are delayed by months, and is even selling rights to parking on the street.  Peace order will be problems because of cutbacks in salaries, pensions and staffing.

There are however certain prescriptions from the author of the Video to American citizens:

l.  Live in a safe place  (PHL?)

2. Keep US citizens money:  savings pension and investments out of harm (govt's) way.  Geithner announced that it will be one of the option of the cash strapped government;

3.  Underground banking

4.  Set it and forget it strategy for wealth making

These are actually sales pitch for selling investment guides.  Decide and take your pick

Read more:  Cutting US Credit Card

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