Thread: "Will You Survive The Coming Financial Crash?"

I have an excellent article that all should read called:

"Will You Survive The Coming Financial Crash?"
By © 2005 Kent Daniel Bentkowski

It is too long to post here but if you wish to read it, PM me with your email address and I will send it to you as an attached pdf file. Then pass this article around to all you know and encourage them to read it.

Here is the first part of the article. The entire article is 35 pages with a bibliography and well worth the read. Very enlightening:

Will You Survive The Coming Financial Crash?
© 2005 Kent Daniel Bentkowski

DISCLAIMER:
The following describes the basic fundamentals of the currently prevailing economic
conditions of the United States of America. Even though these are the circumstances in
which we now find ourselves, the theoretical information contained in this financial white
paper remains valid throughout the entire world. While the following does not represent
legal or investment advice, it is intended to serve as a tool with which the readers’ own
common sense and intelligence can make empowered and intelligent decisions about their
own life, and the financial condition of their own household. I have always run my own
household like a business, and my use of sound business practice is the reason I have
been successful in preventing unnecessary expenditures in my own worst self-interest.
During the early 1980’s, I worked as an investment banker, having passed the Series 7
and Series 63 certification exams given by the Securities Exchange Commission (SEC). An
investment banker is an individual who works for a firm that helps private corporations
raise money through their first public stock offering. In order to pass these exams, I had
to become knowledgeable in matters concerning investment economics and the public sale
of common stock. There was a tremendous amount of law that had to be memorized, and
these certification exams were extremely specific in what they were asking in each and
every question. Because of my having a photographic memory, I was able to prove
complete mastery of the subject matter, something that made my employer extremely
pleased.
Later on, I was able to use this knowledge to build a successful business in the field of
graphic design and commercial printing. I was able to work as a sub-contractor in the
defense industry, and as a U.S. Government Printing Office (GPO) subcontractor. I
attribute my success to the four-pledge guarantee that I gave to all of my customers.
Within one year, I was able to stop all cold calls, as prospective clients were calling me to
do business with them. The four-pledge guarantee was as follows:
1. I will never lie to you.
2. You will receive what you need when you need it.
3. It will be at a price that is fair to the both of us.
4. If we ever mishandle an order, we will do again for FREE within 24 hours!
Currently, I serve as a senior advisor to three separate businesses, all of which are
successful and profitable. I have written this white paper in the interest of sharing with all
readers of this document, information regarding the current economic climate in both the
USA and throughout the rest of the world.

Will You Survive The Coming Financial Crash? 2
© 2005 Kent Daniel Bentkowski

EXECUTIVE SUMMARY:
The time has now arrived where things have gotten out of hand here in the USA, as far as
financial matters are concerned. If one listens closely, they will hear the increasingly
nervous whispers of the economists and financial experts. The USA is hopelessly bankrupt
--- a condition that has existed since March 1933 --- and this massive debt has now
begun to exponentiate itself. Those financial analysts who are being completely honest, all
agree that the coming financial crash will make the Great Depression of 1929-1934 look
tame in comparison.
Because of my specific education in the areas of finance and investment banking, I feel
compelled by moral responsibility to share what I have come to understand about this
situation. I have prepared this financial white paper in the interest of sharing what I know
and what my intuition and analysis tells me will be the likely outcome of this impending
and inevitable disaster. I have also provided in my analysis, several proactive solutions
that the reader may implement on the behalf of themselves and their family, so that they
may be spared from this forthcoming disaster.
While the facts of this matter are lengthy, the solutions all share the following in common;
fiscal responsibility and a measure of psychological restraint. My only hope is that by
reading the following analysis, the reader will come to understand the urgency of the
situation. Now is not the time to continue to deny and ignore the warning signs, as the
sad outcome of this denial may result in the complete financial ruin of the individual and
the ongoing financial stability and liquidity of their household.
The time of denial ends right here and now . . .

Post your thoughts on the article only after you have read the entire article to be fair.

I read this and I have always been taught these principals, but it is becoming increasingly difficult to follow them due to rising prices. If I could get my house paid off that would help greatly. I do try to put extra money on principal whenever possible. Unfortunately I think this article is right on the mark.

Here is a link to the article:

http://www.rense.com/general65/Comin...cial_Crash.pdf