To all who have stumbled upon this... If you are anyone who is anyone, I am sure you have heard of the "crisis" our economy is in or heading towards. Well I am here to give you some inside information that you may or may not know. No matter if it is clothing or interest rates everything follows trends, and I am sure you remember the good ole times of the bellbottom jeans and the 12% interest rates. We are heading back there, and now is the time to act before it’s too late. Foreclosures reported last quarter at an all time high, interest rates increased, gas prices went up, and yet the Federal Reserve cut the rates? Just because this happens does not necessarily mean that the cost of doing business goes down. My friends we are in the midst of a recession, and I promise you things are not going to get cheaper, Massive companies and Banks around the world cannot afford to keep loosing money which means they have to increase there holding of cold hard cash, in order to keep their stock holders, so all the while the top executives can make a buck! Well if you wandering what this has to do with you...EVERYTHING! We the consumers, the end results for just about any product unless you are in waste management, are subject to higher prices, and there is not a damn thing you or I or a new president can do about it...this has to happen. The trend for this is real. So you ask what my point to all of this is...well I am in the financial business and even though products get cut everyday, and guidelines changes, and home values drop and interests rates rise, there is still time to do something. The saying "The man who dies with the most toys, wins" kind of plays a roll here. I strongly believe that be the people who saw this coming, and had capital saved will be the people that will survive. A modern twist to "survival of the fittest." European financial markets are now starting to report their losses, and they have the one of the strongest forms of currency in the world. Now is the time to act, now is the time to securitize your financial future. I suggest accessing any money that you can and place it in a interest bearing account, and get the money before your house losses its value... As long as you have some form of liquidity, and you can place your money in other investments that will produce a return and you can cover your monthly expenses, who really cares what your homes value is doing! Besides equity is really not your money anyway, it is the banks comfort zone. Take advantage of what comfort zone you have now, take advantage of the programs that are still left. Put money away, and prepare for what is imminent. I can still do up to 95% cash out, and I can do loans for borrowers down to a 520 credit score, but I promise you this it will not last long and before you know it you will be wearing bellbottom jeans, pumping your car full of $4.50 a gal gasoline, and paying 12%+ interest on almost everything.
Edit by Moderator: Thank you for participating in the forums. However, this topic has been covered in a recent post Here.
