Article by Carly Sanders

Debt elimination is the process by which people can break away from the mounting debt that is being thrown their way by different loan companies. Most of the time, people believe they will never be able to get ahead because of the debts they have. Most of the time, people won’t be able to sleep peacefully or have a decent conversation with anyone, simply because their minds are occupied by the debt that they need to clear out. If you are one of those people whose ultimate goal in life is to be free of all that debt, then you will have to take drastic actions and methods in order to have a debt-free existence.

The top priority for getting debt under control so you can enjoy the benefits of being debt free should be a debt elimination plan. However, financial freedom doesn’t come as easy as one will want to imagine. In order for you to be debt-free, you have to face several challenges, and make several different sacrifices, in order to achieve that world where you can sleep peacefully again.

One of the most common reasons why people will find themselves deeply buried in a mountain of debt is because of unplanned expenses. You may have already set aside an amount of money for the week, and then suddenly, a hot gadget has been released in the market. Without thinking twice, you go to the nearest department store and bought the gadget, which cost you several hundred dollars. There are also times where unforeseen circumstances happen, for instance, if you become unemployed or suffer ill health.

It then becomes necessary that you make your own debt elimination plan. A debt elimination plan is something that can be acquired and fulfilled by everybody. It is a set of actions that are carefully outlined to detail your options and are directed to a single goal – debt elimination.

To start, you need to reassess your entire financial situation to help you find ways of handling your money more efficiently and reducing unnecessary expenditure. Make a list of amounts owing on credit cards, loans, mortgages and any other debts. This will be the basis for outlining your personal budget and comparing it with the total expenditures. To help with outlining your plan, you will find that there are several budget sheets over the Internet that you can download.

Miami, FL (PRWEB) February 09, 2012

According to the Wall Street Journal yesterday, Officials on Wednesday assembled the pieces of a complex debt and bailout deal for Greece, but broad Greek political support for the accord, a key piece of the puzzle sought by the government’s international creditors, remained elusive after hours of talks among the main political parties.

The Top Gun Options trading team believes the crisis will worsen and not be resolved this time and predicts that market will pullback as volatility spikes. Top Gun Options is very bullish on volatility. Follow this link to see their current trade, a time sensitive video trade alert on VXX (iPath S&P 500 VIX Short Term Futures):

Top Gun Options Advanced Video Trade Alert

Doug Robertson, Top Gun Options Advanced Trader and owner of Blue Water Analytics based in Miami, believes the market will see a replay of what happened last summer. Weve seen this Greek drama before. The market gets lulled into complacency that all is well, vol drops to lows we currently see, and then here comes Greece, Act III. He concluded, This is a trade that is bullish on vol and capitalizes on what has happened historically with their debt issues. It doesnt imply the country is any closer to solving its debt issues, and in fact it may be too late for that.

Here is their time sensitive Advanced Trade Alert on VXX.

Matthew Whiz Buckley, Founder and CEO of Top Gun Options, added, We havent see the VIX (CBOE volatility index) in the mid to upper teens since mid-July. Then the last Greek debt train wreck sent the market crashing and vol spiking in a little over a week to nearly 50. Buckley continued The Greek unions, people, and a lot of government entities have had it with austerity efforts. Theyve had it with Papademos (Greek Prime Minister Lucas Papademos) and the rest of Europe interrupting their party in Ibiza. With the ECB (European Central Bank) taking a voluntary haircut on some of their Greek debt yesterday, theres a good chance this may be the final straw. The can can only be kicked so far and we’re at the end of the road.

According to the Wall Street Journal the budget “fiasco” this past summer along with the European debt crisis caused a massive spike in volatility as the market retreated.

Buckley, a former F/A-18 navy fighter pilot and graduate of the Navy Fighter Weapons School (TOPGUN) who flew 44 combat sorties over Iraq before heading to Wall Street, said there are more world issues to be concerned with than Greece in the near term. Its not a matter of if but when Israel will attack Iran. Thats a foregone conclusion. We will wake up one morning in the next 6 months and the world will be on its head.” He added “Vol will spike along with oil and and other commodities like gold and the market will take a huge dive. Its time for smart traders to get long vol now. Buckley served as the managing director of strategy at PEAK6 Investments, L.P. in Chicago, one of the largest volatility arbitrage options trading firms in the country.

According to the Financial Times, the S&P has been on a 5 week up-trend and the market is starting to stall with these ominous events on the horizon.

Buckley summarized the Top Gun Options trading team’s strategic mindset with A great rule of thumb to live by is when vol is cheap, you buy it, when its expensive, you sell it. If you dont get long vol now youre going to wish you did, very shortly. Why lose money when you could profit on bad news? That doesnt sound nice but trading is combat. Theres a winner and a loser and at Top Gun Options we plan to be on the winning side.

According to Bloomberg this morning, the ECB (European Central Bank) decided to leave the key interest rate at 1% as they shift their focus to the new wave of Greek debt concerns.

About Top Gun Options: Discipline. Risk Management. Superior Execution.

These are the critical characteristics an investor needs to succeed in this volatile market and are the cornerstones of the Top Gun Options training system. Founded on combat tested Naval Aviation training methodologies, and proven on the front lines of Wall Street, Top Gun Options provides investors of all levels with the trade ideas, education, tools, and technology to be successful traders.

Top Gun Options state of the art proprietary technology and unparalleled approach to trading allows investors to potentially profit while managing risk. We are the only financial education firm that has gone from the cockpit to the trading pit where we know success is the only option.

By employing cutting edge technology, conducting world class interactive events, utilizing well-known professional traders, and partnering with leading strategic financial institutions, Top Gun Options empowers investors to take their options trading to a higher level.

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Get Out of Debt Free Card, Now Available on Kindle, is a Personal Finance Book …
Get Out of Debt Free Card, now available on Kindle, is a book covering all areas of personal finance, breaking them down into categories and providing step-by-step instructions while helping readers develop the skills they need to become debt free and …
Read more on PR Web (press release)

GameStop gives back to investors with first cash dividend
by Eric Caoili [Console/PC, Business] Following a $ 3 billion dollar holiday quarter that helped it become debt-free, video game retailer GameStop is rewarding its investors with its first ever cash dividend. Dividends are one way for a publicly-traded …
Read more on Gamasutra

DMP: Can I change the amount I pay into my DMP?
Because you have to repay 100 percent of your debt, the more you can pay each month, the faster you will pay off your debt, finish your DMP and become debt free. On the other hand, because the debt management plan is an informal solution, the advantage …
Read more on Beat My Debt

A few nice how to get out debt images I found:

Dr. Strangelove — item 1..It’s the end of the world as they know it: How growing numbers of American ‘preppers’ are getting ready for Armageddon (by stockpiling food and guns) — 23rd January 2012 …..item 5B..Vera Lynn – “We’ll Meet Again”


Image by marsmet524
Conservative talk radio host Glenn Beck seems to preach preppers’ message when he tells listeners: ‘It’s never too late to prepare for the end of the world as we know it.’

…….****** All images are copyrighted by their respective authors ……
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…..item 1)….. Mail Online …. www.dailymail.co.uk/news …. It’s the end of the world as they know it: How growing numbers of American ‘preppers’ are getting ready for Armageddon (by stockpiling food and guns)

By REUTERS REPORTER
Last updated at 8:57 PM on 23rd January 2012

www.dailymail.co.uk/news/article-2090586/Preppers-stockpi…

When Patty Tegeler looks out the window of her home overlooking the Appalachian Mountains in southwestern Virginia, she sees trouble on the horizon.

‘In an instant, anything can happen,’ she told Reuters.

‘And I firmly believe that you have to be prepared.’

Ms Tegeler is among a growing subculture of Americans who refer to themselves informally as ‘preppers.’
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img code photo … Polaris / eyevine ….

i.dailymail.co.uk/i/pix/2012/01/23/article-2090586-116B79…

Ready for anything: Chuck Izzo, a "prepper" sits in his basement where he stores wood pellets to fuel his woodstove, an alternative heat source in his home

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Some are driven by a fear of imminent societal collapse, others are worried about terrorism, and many have a vague concern that an escalating series of natural disasters is leading to some type of environmental cataclysm.

They are following in the footsteps of hippies in the 1960s who set up communes to separate themselves from what they saw as a materialistic society, and the survivalists in the 1990s who were hoping to escape the dictates of what they perceived as an increasingly secular and oppressive government.

Preppers, though are, worried about no government.

More…

…’I thought I was going to die’: Passengers describe horror as six American Airlines staff are injured by major TURBULENCE

…Introducing the iGrave: The GPS device that lets you track your relative’s coffin

Ms Tegeler, 57, has turned her home in rural Virginia into a ‘survival center,’ complete with a large generator, portable heaters, water tanks, and a two-year supply of freeze-dried food that her sister recently gave her as a birthday present.

She says that in case of emergency, she could survive indefinitely in her home. And she thinks that emergency could come soon.

‘I think this economy is about to fall apart,’ she said.
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img code photo …. New York Times / Redux / eyevine …

i.dailymail.co.uk/i/pix/2012/01/23/article-2090586-116B79…

Stocking up: Dennis McClung, of Mesa, Arizona, filled his basement with food to ride out the end of civilization, which he believes is coming December 12

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A wide range of vendors market products to preppers, mainly online. They sell everything from water tanks to guns to survival skills.

Conservative talk radio host Glenn Beck seems to preach preppers’ message when he tells listeners: ‘It’s never too late to prepare for the end of the world as we know it.’

‘Unfortunately, given the increasing complexity and fragility of our modern technological society, the chances of a societal collapse are increasing year after year,’ said author James Wesley Rawles, whose
Survival Blog is considered the guiding light of the prepper movement.

A former Army intelligence officer, Mr Rawles has written fiction and non-fiction books on end-of-civilization topics, including ‘How to Survive the End of the World as We Know It,’ which is also known as the preppers’ Bible
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img code photo … MCT via Getty Images …

i.dailymail.co.uk/i/pix/2012/01/23/article-2090586-116B79…

Emerging market: Best Prices Storable Foods in Texas has seen a surge in customers looking to fill their pantries and basements with nonperishable foods to ride out any fall of civilization

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‘We could see a cascade of higher interest rates, margin calls, stock market collapses, bank runs, currency revaluations, mass street protests, and riots,’ he told Reuters.

‘The worst-case end result would be a Third World War, mass inflation, currency collapses, and long term power grid failures.’

—– HOW TO STOCK UP LIKE A PREPPER

You don’t have to own a fallout shelter and believe society is on the brink of collapse to store some extra supplies in case of a natural disaster or other emergency. Here are a few suggestions from the federal government:

….. Food – Three day supply of non-perishable food that requires no heat or refrigeration and little water to eat. Consider MREs (military rations), peanut butter, canned fruits and vegetables, canned ready-to-eat soup and energy bars. Be sure to include a can opener

….. Water – One gallon per person in your household per day. Keep enough for at least three days.

….. Light – Candles with matches and flashlights with fresh batteries
Communication – Battery-operated on hand-crank radio with NOAA weather radio function

….. Health – First aid kit as well as an prescription and over-the-counter medication you regularly use

….. Sanitation – Spare toilet paper, paper towels and plastic garbage bags

….. Documents – Be sure to keep important documents and family photos together in an easily-accessible place in case you need to leave home

A sense of ‘suffering and being afraid’ is usually at the root of this kind of thinking, according to Cathy Gutierrez, an expert on end-times beliefs at Sweet Briar College in Virginia. Such feelings are not unnatural in a time of economic recession and concerns about a growing national debt, she said.

‘With our current dependence on things from the electric grid to the Internet, things that people have absolutely no control over, there is a feeling that a collapse scenario can easily emerge, with a belief that the end is coming, and it is all out of the individual’s control,’ she told Reuters.

She compared the major technological developments of the past decade to the Industrial Revolution of the 1830s and 1840s, which led to the growth of the Millerites, the 19th-Century equivalent of the preppers.

Followers of charismatic preacher Joseph Miller sold everything and gathered in 1844 for what they believed would be the second coming of Jesus Christ.

Many of today’s preppers receive inspiration from the Internet, devouring information posted on websites like that run by attorney Michael T. Snider, who writes The Economic Collapse blog out of his home in northern Idaho.

‘Modern preppers are much different from the survivalists of the old days,’ he said.

‘You could be living next door to a prepper and never even know it. Many suburbanites are turning spare rooms into food pantries and are going for survival training on the weekends.’

Like other preppers, Mr Snider is worried about the end of a functioning US economy. He points out that tens of millions of Americans are on food stamps and that many U.S. children are living in poverty.

‘Most people have a gut feeling that something has gone terribly wrong, but that doesn’t mean that they understand what is happening,’ he said.

‘A lot of Americans sense that a massive economic storm is coming and they want to be prepared for it.’

So, assuming there is no collapse of society — which the preppers call ‘uncivilization’ — what is the future of the preppers?

Ms Gutierrez said that unlike the Millerites — or followers of radio preacher Harold Camping, who predicted the world would end last year — preppers are not setting a date for the coming destruction. The Mayan Calendar predicts doom this December.

‘The minute you set a date, you are courting disconfirmation,’ she said.

Ms Tegeler, who recalls being hit by tornadoes and floods in her southwestern Virginia home, said that none of her ‘survival center’ products will go to waste.

‘I think it’s silly not to be prepared," she said.

‘After all, anything can happen.’

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…..item 2A)..web-link… Official Countdown Timer …Time until Friday, December 21, 2012 at 11:11:11 AM (GMT time).

What time would 11:11 GMT be where I live?
I put this time zone conversion chart together to show what time it will be in other parts of the world at exactly 11:11 Greenwich Mean Time (GMT).

www.december212012.com/CDC.htm

Our countdown timer has been carefully calculated and verified to be accurate right down to the very last second.

Add our Official December 21 2012 Countdown clock to your website, blog, MySpace page, Facebook wall, or other social networking site.

To add our Official Countdown Clock, simply copy the code below and paste it on your site, blog or social networking page.
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…..item 2B)….website…..time and date.com…….Customized Counter

Time until Friday, December 21, 2012 at 11:11:11 AM (UTC time)

www.timeanddate.com/counters/customcounter.html?month=12&….
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…..item 3)…..youtube video….Everything 2012 Earth Changes Part 2 of 3…….9:54 minutes..

www.youtube.com/watch?v=jT4hrd6To2k&feature=related
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…..item 4)…. youtube video … Dr. Strangelove trailer …. 1:38 minutes…

www.youtube.com/watch?v=1gXY3kuDvSU

Uploaded by scarface584 on Jun 5, 2007

This is the trailer of the classic Stanley Kubrick film, Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.

Category:
Entertainment

Tags:
dr. strangelove trailer Stanley Kubrick film peter sellers sterling hayden war comedy funny

License:
Standard YouTube License
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…..item 5A)… youtube video … End of Strangelove … 4:18 minutes

www.youtube.com/watch?v=iSZJbJ4Mfis&feature=related

Uploaded by cmek1989 on Jul 20, 2008

End of Dr. Strangelove

Category:
Entertainment

Tags:
nuclear

License:
Standard YouTube License
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…..item 5B)…. youtube video … Dr. Strangelove … 1:58 minutes

www.youtube.com/watch?v=wxrWz9XVvls

Ending of Dr. Strangelove, one of the best movies ever made.

Vera Lynn – "We’ll Meet Again"

We’ll meet again,
Don’t know where,
Don’t know when
But I know we’ll meet again some sunny day
Keep smiling through,
Just like you always do
Till the blue skies drive the dark clouds far away

So will you please say "Hello"
To the folks that I know
Tell them I won’t be long
They’ll be happy to know
That as you saw me go
I was singing this song

We’ll meet again,
Don’t know where,
Don’t know when
But I know we’ll meet again some sunny day

Category:
Entertainment

Tags:
Strangelove Comedy DrStrangelove some sunny day nuclear bomb Führer Fuhrer Vera Lynn

License:
Standard YouTube License
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As many are now fearful over their personal finances, Erica Hill speaks with psychologist Dr. Robi Ludwig about ways to manage stress caused by financial concerns.
Video Rating: 1 / 5

Los Angeles, CA (PRWEB) October 27, 2008

Standing back and it becomes as clear as mud how China conquered, or bankrupted, the US without firing a single shot! They have stolen the USA’s liquidity and totally undermined the US strategic capability worldwide.

Since the early 80′s, China has been manipulating their Currency (Yuan/RMB) artificially Low against the US Dollar making their goods (US imports) cheaper than manufacturing in the US (or NAFTA for that matter). Additionally, US exports are considerably more expensive compared to China’s when competing in the global market, or even in China. Jobs and entire US Industries were outsourced. Additionally, Inflation was artificially low driving the US towards becoming a 3rd world nation.

As a result of this effect, the Chinese market has been growing at an artificially high GDP because of the significant cash surpluses and the excessive cash circulation in the Chinese market. These cash surpluses were then used to acquire extensive energy resources that drove up our energy costs.

US Trade Deficits with China:

1985 ($ 6 Million) (Yes only Millions at this stage)

1986 ($ 1.6 Billion)

1987 ($ 2.8 Billion)

1988 ($ 3.5 Billion)

1989 ($ 6.2 Billion)

1990 ($ 10.5 Billion)

1991 ($ 12.7 Billion)

1992 ($ 18.3 Billion)

1993 ($ 22.8 Billion)

1994 ($ 29.5 Billion)

1995 ($ 33.8 Billion)

1996 ($ 39.4 Billion)

1997 ($ 49.7 Billion)

1998 ($ 56.9 Billion)

1999 ($ 68.7 Billion)

2000 ($ 83.8 Billion)

2001 ($ 83.0 Billion) Crash Slowed down US purchases for a bit

2002 ($ 100.3 Billion)

2003 ($ 124.1 Billion)

2004 ($ 161.9 Billion)

2005 ($ 201.5 Billion)

2006 ($ 232.6 Billion)

2007 ($ 256.2 Billion)

2008 ($ 270.0 Billion estimated)

On the opposite end, the US GDP was growing at a much lower rate than presented. When one removes the Government borrowed funds expenditure from GDP calculation, the picture looks much worse. The US has basically been in a recession for about 20 out of the past 30 years. GDP does not take into consideration borrowed money and therefore it is easy for the US Government to manipulate the GDP by just borrowing more money and spending it. It then artificially increases the GDP calculation artificially. It is basically a form of manipulation that would have landed CEO’s and CFO’s in prison yet our government uses it to hide behind failed strategies and policies. It is like paying all your company expenses with borrowed money and not accounting for the liability incurred.

Over the past 30 years, this manipulation by China gradually siphoned of the US’s biggest strategic resources, namely cash, extensive credit and access to large well capitalized markets. The US government in turn has hidden this to make the world and voters think that the market is stronger than it really was.

It should also be noted that every dollar typically circulates 5 to 7 times per year in the US and hence the outflow of every dollar has a 5-7 time worsening effect in the US. Even if the exact dollar finds itself back in the US several months or years later, the decline in US circulation from a ~6:1 down to a more international ~3:1 could alone cut the US cash flow, liquidity and wealth by more than 50% and significantly impacts markets, financial liquidity and Tax revenues.

In the late 70s, Carter met with the Chinese to normalize relations as a counter against the former USSR. China was allowed to sell products into the US, but it was with various controls and Chinese infrastructure was so weak that they had little capability to leverage this advantage. Additionally, there were many restrictions on trade in place.

During the 1980s, the economy failed to recover from the OPEC days and Reagan used partially flawed Keynesian economics to avoid stagflation but it left the US in significant debt in its wake. It did however make the GDP APPEAR to be healthy for a while, but it was a false sense of security because it did not account for the extensive debt that would have to be repaid. I guess Reagan’s biggest bluff was not Star Wars against Russia but rather the US GDP manipulation or shuffle.

In 1988 Bush Sr. was fortunate in that he was able to pass the most expensive Federal cost, namely the military onto other nations with operation Desert Storm for a few years. The world basically subsidized the US military and a large portion of its operations by funding the military infrastructure for a few years. This payment enabled Bush to set the stage for a partial economic recovery towards the end of his term. At the end of his first term and after the war, Bush realized he had to raise taxes when the Military burden shifted back to the US government and we all remember his infamous “read my lips” speech that also hurt him during his re-election. (Midget Perot did not help him either).

In 1992 Clinton got lucky when his VP, Al Gore, as part of the paper reduction efforts liberated the little known inter-government system called the internet by opening it to the public. This resulted in significant investment into the US which did help drive a real but temporary economic recovery.

The downside was that in 1999, the republican congress and Clinton introduced and signed China permanently to the MFN (Most Favorite Nation or now called Normal Trade Relations) agreement, enabling the CHINA low tariff privileges and exasperating the situation (See data above). China had enjoyed the status for a few years but when it was signed as a permanent law in 1999, the wheels came off and all sense of accountability flew out the door. Within a matter of months, much of the dot.com infrastructure manufacturing shifted offshore to China and the bubble burst sooner than it should have.

Greenspan and Republican idea was that China’s market was so large that the US would buy a lot of goods from China and China in turn would have to buy a lot of goods from the US. It was sold by Republicans that the increase in trade between the two countries would be to the benefit of all. A good theory, but it “assumed” that China would act responsibly and in kind to the US by opening its markets totally and buying goods from the US. It did not account for the fact that China would place restrictions on company imports, foreign held corporate ownership and China’s 25% export rebates. (A 2nd indication that China deliberately siphoned cash from the US).

China by this stage had become a well organized industrial machine, pumping out products and siphoning cash (liquidity) out from the US. To worsen the 20 year developing problem, China had more strategic ideas, such as securing oil in and Gas in Nigeria, Kenya, Libya, Cuba, Qatar, Canada. Since 2004 China’s significant dollar surpluses were spread all over oil rich countries and the circulating dollar now took even longer to return to the US. Hence the US continued to sink deeper into a hidden recession and the US government kept borrowing to artificially inflate the GDP. (Yes to keep us content).

China’s significant increase in energy demand and surplus expenditure by the excessively fast growing Chinese economy significantly drove up energy costs for the world, including the US who was more dependent on energy than other nations. This forced not only significant cash out to China but now also to energy rich countries in bad parts of the world. Hence the artificially inflated oil prices were also driven by the Chinese Forex manipulation.

To keep the bubble from bursting, China was very eager to loan the US more money so that they could continue to re-siphon the US dollar from the US market and thereby continue to artificially stimulate their economy but placing an increasing interest burden on the US.

By 2000, the Recession became apparent and could no longer be hidden.

In 2000 and after Congress approved the Financial deregulation, and after 911, the Federal Reserve lowered interest rates significantly. This effect create false cash as house loans became too cheap which in turn drove up housing values to preposterous levels. Folks were borrowing against the homes and the perceived extra wealth made us borrow and banks eager to loan cash to anyone who had a house. Heck it felt like the good times, but was a bubble in the waiting. The US government was borrowing money like never before and the GDP looked healthy, but once again it was misleading.

In 2005 the US started placing pressure on China to float their currency and China realized that the US dollars they held would be worth a lot less in the future so China started extensively buying international energy and mineral resources to dispose of the dollars before truly floating the Yuan without intervention or manipulation. The Chinese energy expenditures significantly drove up energy costs. This effect forced US citizens in making choices between filling their car to get to work and making the house payment on time and that was when the final house of cards collapsed. House payments were delayed and that started sending the shock wave into the market and the whole financial system came tumbling down. Congress is now seeking people to blame when in fact it has been their own weakness and lack of vision and understanding that is the root cause of this catastrophe. They failed to address the Chinese imbalance and failed to recognize the weakness in the GDP model they are using to measure national prosperity.

In contrast, let’s go back and examine very briefly what would have happened if the Chinese did not manipulate their Forex. As the US bought more goods from China from China since 1980′s, the cash inflow into China would have gradually increased the Yuan Forex rate versus the dollar. Certain US industries would have remained or become more competitive versus China and the US would have been able to compete in the open markets with their products against the Chinese products.

Additionally, the increased Yuan would have been gradually inflationary (for various reasons) and the US Federal Reserve would have had to increase the interest rates to slow down the gradual inflation. The higher interest rate would have made house loans more expensive which would then have prevented the housing bubble and financial crisis. Additionally, salaries in the US would have likely increased as unemployment decreased and would have been a much more accurate reflection of housing affordability (as opposed to short term cheaper loans).

Hence this very simple very high level summary shows that in a truly free floating forex, would have helped prevent the Global financial crisis. It is apparent that GDP calculations need to be revised to be Net government expenditure, exclusive of loans in any forms whether it be from Social Security or any other instrument or country.

But all is not in despair, a new President with Vision, the right team and perseverance can make a difference but it will force some hard choices and a difficult road to recovery. The new US President must slow down the cash outflow to China and Saudi Arabia and must re-engineer the business fundamentals to make the US company friendly and more competitive versus foreign markets.

So how does the next President and Congress steer the US economy out of recession and stagflation? It is all about cash and corporate competitive advantages. (They will need this plan to get the cash they require for their social programs)

Two basic issues: Restore market liquidity and improve US business operational advanteges.

The PULLEN ECONOMIC RECOVERY PLAN of 2008.

I will not elaborate into too many details as it will take to long and we don’t have time as the election is close.

Step:

1.

Place Import Duties (25%) on ALL goods from ALL countries (Currency zones) with trade imbalances, including China, Saudi Arabia, etc., even if it is painful. Once the trade imbalance is less than 10% of its annual US trade, then eliminate the duties. This will force other countries to freely float their currencies and the duties will help cover the government debt and interest until such a time when the lower US dollar will increase exports. This effect will immediately slow down cash outflow and provide the US government with extensive cash liquidity. Please note. This is not a form of market control but rather a method of fair trade enforcement.

1.a.

The US should also encourage the US companies to buy lots of goods and services from countries who themselves have a trade deficits with the US (US Surpluses) to be fair and to provide incentive for these countries to buy US goods over other country’s goods. (Fair trade should always be a two way street)

2.

Eliminate or significantly reduce ALL federal Taxes on Corporations for 15 years. Similar to Hong Kong, Ireland, Cypress, Isle of Mann, etc. (Perhaps 10% Federal Tax rate). Then increase the upper personal income tax given that many private held companies will be significantly more profitable and hence once cash is taken out of companies, then they are taxed higher, too make up for the double taxation they would have been subjected to under corporate taxes.

2.a.

This will make the US very attractive to large and medium size foreign owned and US Offshore corporations. Trillions of Dollars will flow back into the US within months thereby significantly stimulating the US liquidity, economy and salaries. I expect the market will hit 20,000 within three months after such legislation. (The loss in taxes will be offset with the increase in import duties as mentioned above in 1.)

2.b.

Corporations will hire more people and pay higher salaries when unemployment gets to be too low. This in turn will mean that people will have more disposable income and spend more thereby driving the US cash flow and the economy. The government will also be able to have a larger tax base given the higher salaries and increase in employment

2.c

By liberating companies from tax burdens, they will be able to compete more effectively. See other third world countries have to rely on corporate taxes as their salary bases are too low. By stimulating this change, the US economic engine, namely business will drive employment and salaries. (It will basically make companies 30% more cost effective overnight)

3.

Increase the FDIC to $ 500,000 for corporations (at a higher cost to corporations). Given the risk of banking and financial systems around the word, Billions of dollars will flow to the US to reduce risk of losing cash in banks. (Example The Netherlands only ensures accounts for only up to 20,000 Euros per entity or person, not per account like the FDIC.)

4.

With the significant extra cash, liquidity, renewable energy tax breaks, make significant investments in new energy resources. (Nuclear, Wind, Solar, Tidal and drilling short term in the gulf to avoid China from sucking US oil supplies through Cuban waters.)

4.a.

Ensure that all non-foreign renewable energy revenue sources are tax free for 15 years to help drive the transition and investment in the transition. (Be careful of not falling into the Synfuel tax rebate energy fraud or manipulation.)

4.b.

Have the Feds buy mostly only natural gas cars to drive infrastructure changes in distribution channels.

4.c.

Paragraph 1 will should also help keep the cost of energy imports higher to help fuel the local energy conversion making the transition viable, even if it is a bit painful at the pump.

5.

Force every US employee to take “Major Medical Insurance” for their family which is much more affordable than traditional comprehensive or HMO based insurance. It should be partially paid for by the employee and the employer as it does not really costs that much.

5.a.

Government should state what will be covered as a minimum in these policies.

5.b.

Paid just like Social Security, these policies will help stop the 1 million bankruptcies that occurs every year and therefore help lower the cost of normal medical visits given the reduced write-offs

6.

Convert the US government to buy goods over the next 15 years to 100% Metric. The US cannot export many of its goods as the rest of the world is Metric. When the Federal Government buys Metric, then the rest of the US market will follow and it will be easier to export standard product out of the US without having to retool.

Needles to say an entire 200 page thesis can be written on strategically managing the US economy from the hole we are in but the details would bore the average reader to death. One concern as always is that Politicians will try to milk good ideas into half measures for their own greed and benefit and hence the final outcome could remain at risk unless clear decisive and strong leadership guides the process.

Hence, the US requires STRONG and VISIONARY leadership from the next president that is willing to listen to both sides of the isle, pick up ideas from folks with business and economic experience, frame concrete well thought out policies around these steps that are accurate and comprehensive and follow them through in detail.

The solution to this crises starts with you. Do not ask or expect someone to speak up for you. Write to your congress person and senator a letter asking them to read and implement the PULLEN ECONOMIC RECOVERY PLAN of 2008.

Copy and paste the entire letter for them to read. Your Congress leader can be located at:

Congress Person:

https://forms.house.gov/wyr/welcome.shtml

Senator:

http://www.senate.gov/general/contact_information/senators_cfm.cfm

The American Economic Revolution starts with your actions right here and now.

Written by:

Donovan Pullen, P/K E MBA Pepperdine University, 2002

Majority Shareholder of a Chemical company

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Fort Lauderdale, FL (PRWEB) February 07, 2012

Less than 1.37 million bankruptcies were filed in 2011 representing an 11.9% drop in new bankruptcy petitions for all fifty states and the District of Columbia compared to 2010. The statistic comes from data provided by Epiq Systems and signals a significant change in direction for this form of debtor relief. Bankruptcies surged in 2005 in advance of a new bankruptcy law which made it more difficult for debtors to seek protection. In 2005 nearly two million individuals filed for bankruptcy. A New Horizon Credit Counseling Services is a nonprofit credit counseling organization that has been helping consumers since 1978.

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2012 may bring a new increase in filings however. At the end of 2011, the Federal Reserve reported that credit card spending spiked nearly 9% to a total of $ 798.3 billion in November, perhaps providing a new pool of debtors seeking protection in the future.

For more information about their programs, contact 1-800-556-1548. They can also be found on the web at http://www.anewhorizon.org, or reached via email at csmanager(at)anewhorizon(dot)org

###

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Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, stated today, “Few investors consider a promissory note or mortgage note when they are looking for high paying and highly secured investments. Yet, investing in a promissory note can be the best answer to today’s highly volatile stock markets. Educating FinancialSuccessInstitute.org subscribers about the benefits of investing in a promissory note is a new section we now offer.”

Geller continues, “Using a self directed IRA or 401K account investors are able to purchase a promissory note or mortgage paying between 8% and 12% interest and fully secured by a first mortgage. Investing in a promissory note is not restricted to those with a self directed IRA or 401K. High net worth individuals have used promissory note investing to acquire wealth, growth wealth, and protect wealth. Now, FinancialSuccessInstitute.org is offering the promissory note investment opportunity to our subscribers. Those wanting to learn more can begin by reading the article Promissory Note and other alternative investments.”

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Here is a list of promissory note investing highlights FinancialSuccessInstitute.org will be providing details about in the coming days and weeks.

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