60 Minutes [CBS] - The day of reckoning - State and Local Budgets Crisis - State and Local Bon...

The "day of reckoning" as the Senator Chris Christie puts it, is coming to all Americans as they realized that the states they lived in are running out of money and are unable to pay off their debt obligations when they are due. Their over spending and excessive benefits programs in the country has caused America to arrive at this state of their economy. They have dug a financial pit hole so deep that I believe it would take many future generations' labour to pay back their current debts, and that's provided they stop their overspending.

Watch this video, and get yourself prepared for the NEXT big Crisis that may bring America to its knee, and how it could affect your future even if you are living outside the USA.

a blog on: Financial Planning Advice - Christopher Pua

Fiat Currency or Real Assets, take your pick

Ever wonder how the story of each fiat currency plays out in the end? Ever question why things are getting more expensive? What's the cause of inflation? is it true that food and things are getting scarce? Or are our money worth less now because loose monetary policies around the world?

So, if these fiat currencies are devaluing each day, wouldn't it be wise to store your monetary value in real assets like gold, silver and other commodities? Take a pick, because when the day of reckoning comes, it will be too late when you realized that your paper dollar has turned into monopoly money.

a blog on: Financial Planning Advice - Christopher Pua

Meltup

I would to share this video I found on www.inflation.us it's a very interesting video on the impending hyperinflation that may strike the US economy, and how it will affect the whole economy and ultimately how it will matter to you. Educate yourself and be prepared for the next huge financial roller coster ride.

a blog on: Financial Planning Advice - Christopher Pua

Overdose: The Next Financial Crisis

Educate yourself in what's coming our way. Man, when this next financial bubble burst, it's going to be so huge, it will make the Leman Brothers collapse and the 2008 crisis looks like child's play.

Prepare yourself for the mother of all bubbles.

a blog on: Financial Planning Advice - Christopher Pua