I spoke to a woman the other day who had taken some
of my courses. She had struggled daily for months to
get a loan mod approved.

Finally, third major effort, she made it. Congratulations
to you, "Nikki". You are amazing. And you are one of
the very few out of hundreds of thousands who are
in these forever type "trial periods" to actually get
anywhere.

Meanwhile, if you are an investment banker with
Goldman Sachs, you are not in the recession anymore.

All over.

Another woman I spoke with yesterday was interesting.

She and her husband have amassed $130,000 in
cards she owes on. And a big second on the house.

For business purposes. She got caught in the real estate
crash. No fault of her own, really.

She said, what should we do?

I explained to her what I would do. I would settle those
obligations. And I would try for dime on the dollar type
settlements and work on getting good FICO scores
and be out of this mess in six months.

Rather than enslaving my family for year after year.

She said, but what about ethics? What about what we
teach our children about keeping our word and doing
what we say we are going to do?

I say, reality is what is real. Drop your concepts. Drop
your beliefs that are stopping you from seeing what
is real.

You are paying several THOUSAND per month forever
to the banks.

Those banks got a huge bailout from the US gubmint.

At your expense.

And the money they extended to you was PRINTED
anyway.

It is completely all set against the average person this
way.

Don't take it personally. It isn't personal. It's business.

Allowance for bad debts. Reserves set aside for expected
losses.

See what is real, settle, and move on. What a gift that
is to your family, I told this woman. To be out of
any obligations and free. And even with a decent
FICO.

Yes, The recession is over if you happen to be an investment
banker with Goldman Sachs.

If you are like the rest of us, it may not be quite over.

What many folks don't get is that this is the Depression
not a recession.

Credit was extended like crazy. The US government and
the banks and the whole world's financial system is
built on a lie. A lie that it's all about consumption and
the US consumer getting even further into it by buying
more Chinese made junk at Walmart.

Well, we don't need that. We know there are options,
don't we?

Write down what you would do in this situation, as a comment. Thanks!

 warmly,

 

 

 

 

P.S. Please leave a comment here about what you think I should
 tell these folks who I write about above.

 

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