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Monday, May 23, 2011

Financial Doomsday is approaching!

Get rid of all your debts asap! A financial Doomsday is approaching! Invest all your liquid assets securely into interest based assets! Why? Inflation is on the rise very rapidly, and so are interest rates. Food prices are on the rise sharply, and gas prices are ever increasing too. Rates will probably rise up to 10% or more in less than 5 years. Also, depending on global conditions, it could come as early as within 3 years, because global economies these days are tied very closely together.

Economic conditions are similar to the inflation and high interest rates from 35 to 40 years ago, when rates were 12% in Canada! Commodities like precious metals and rare earth metals will be good investment too, i.e. buy low now, sell high later (although most of these commodities are already at high prices now). Buy low on your shares now, and sell high later... Indeed, I am sounding like a stockbroker on Wall Street!

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