Monday, August 20, 2007

Confidence Crisis/Terror Time Bomb - Interview with Craig R. Smith CEO SwissAmerica

(CFC)(BAC)(FNM)(WFC)



Aug 20, 2007
What do hurricanes, wars, terrorism, global warming, bridge collapses, earthquakes and poor health care all have in common? They are all caused by George Bush. You know the "dummy" who doesn't care about you, me or the country. If he cared he would have stopped them all or at least fixed the damage overnight with a stroke of his magic pen.

I will go out on a limb and say you will soon see George Bush blamed for the mine collapse in Utah and the sub prime collapse of the mortgage industry that had the nation holding it's breath last week as the Dow dropped 1,400 points and the credit markets went into complete panic mode. As predictable as the sun coming up in the East is the ability of the Democrats on the left to blame President Bush.

He will be blamed for the mine collapse strictly on the argument that had he not spent all the money on the war in Iraq, he could have spent money making mines safer. As of today, there are three confirmed deaths in the Utah mine tragedy, and the search for six workers has been suspended indefinitely. If the Bush administration had not been bogged down in Iraq, we would have had the money and manpower to save those trapped miners. Evil Bush strikes again.

Under the Bush administration home ownership hit record highs; especially amongst minorities. Many Americans who could never even dream of home ownership were suddenly picking out drapes and color coordinated trash baskets for their new home. With little or no money down, and in many cases without the first payment ever being made, thousands of Americans owned a home. Interest rates were historically low and unemployment was virtually non-existent which made many confident enough to take the step, all under the evil Bush regime. read more



What if? A preparedness strategy


The markets will have a tough enough time recovering from the current credit/confidence crunch. But if the unthinkable happens, the markets could go into a free fall.


Remember, the stock market was virtually nonexistent for about a week after 9/11 and if another substantial act of terrorism or other calamity were to beset the United States during a time of market vulnerability, the stock market could drop in half.


The implications of a market meldown include; people losing their homes, people losing their jobs, police shortages in cities during such a time of upheaval.


Very few Americans are able to fit these puzzle pieces together and come up with a strategy to deal with it. Many will either panic or do nothing -- UNLESS they're informed about how to take action.


I encourage readers to get my latest special report addressing the major risks and potential economic consequences facing Americans today. Also recommended is our 2004 documentary, "A Citizen's Guide to Counterterrorism," narrated by Pat Boone free on DVD.



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