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06 Oct 2010 by Preparedness Pro filed in Financial Preparedness
Today's article is part 2 of the article which was posted yesterday:
“The Foreclosure Crisis and What It Means to You.”
So to recap: Mortgage terms are approved for so long (15, 30, or even 40 years) because they are assets on the banks’ books—assets which give them the power to lend eight times the amount of that asset. Yes, this means that the mortgage companies are making money on air—nothing new if you’ve been reading my previous articles on Financial Preparedness.
This is why it’s such...
16 Jun 2009 by Preparedness Pro filed in Preparedness
The Aftermath
Yesterday we discussed the reality of an EMP attack on the U.S. and today we will bring the aftermath of an EMP attack a bit closer so that we can mentally go through the various ramifications. If you mentally prepare, even little by little, you will be significantly better off.
Ford Bronco photo c/o bringatrailer.com
The Aftermath Reality #1: Since an EMP essentially fries anything electric, this means most automobiles post-1970 will be useless. This may explain why my...
