How to Climb Out of Debt and Prepare For Collapse

Some forms of debt are like shackles on your wrists, keeping you from taking needed action.


EVG Research Team here, and we want to share a story of how one EVG member fixed his credit and lowered his debt burden - freeing himself to start taking action on other EVG strategies before the economic collapse hits us.


(Click here to find out how EVG members are preparing to survive and thrive during the crash.)

Because now is NOT a time to be tied down with debt; not when the global economy has sprung a leak and quickly sinking.

Not with...

* Unemployment stubbornly high, only falling when people quit looking for work.

* Broke nations asking for more bailouts from other broke nations...

* And the world’s largest central bank, the Federal Reserve, promising to print money to infinity.

That last point - infinite money-printing from the Fed, or QE3 - should be the loudest and clearest signal that there’s no time to spare. The next economic crisis very well could happen in 2013.

If debt is all that’s keeping you from getting prepared, The Elevation Group has strategies to help you eliminate that debt. Including improving your credit to lower your payments.

EVG member Jeremiah H. did exactly that...

"Phenomenal! By following Anthony's advice, I was able to improve my credit scores by 40, 60 and 70 points in only 3 months. He also removed 7 negative items from my reports. This was HUGE!
I was able to refinance my auto loan which saved me $6,455.63 over the life of the loan!! Because of what I learned from working with Anthony I got out of an 11.9% interest loan (yes...my credit was BAD at the time) and into a 3.7% loan."
~ Jeremiah H.


Great job, Jeremiah. By working with EVG and fixing your credit, you were able to pay less in interest... meaning there’s more money available for you to invest intelligently before the crash.


With a better credit score, you might even be able to take on some long-term, fixed-rate, low-interest mortgage debt. Debt that will be eaten away by inflation if the Fed keeps printing money - like they’ve already promised to do.

You did the right thing, and we hope other EVG members will follow in your footsteps.
Fixing your credit is easy to do, if you know the right strategies and who to talk to.

Otherwise, if you just do a Google or Bing search you’ll be hit with pages full of nothing but schemers. Schemers who know they can make a buck from preying on people down on their luck.

Fortunately for EVG members, we give you the names and numbers of the credit specialists we’ve personally vetted... and one who has even worked with EVG founder, Mike Dillard, to maximize his already high credit score.

Here’s what it has done for Jeremiah H. and his future...

"For me, everything in The Elevation Group is great right now. Its helped me lay out a step-by-step strategy for my near future. Now that I've worked with Anthony, I plan on working with Paul Haarman next while purchasing silver and gold in the meantime. Within the next 6 months I want to go visit Tom Wheelwright, the gentleman who helps with tax strategy. Now I at least have a clear vision of the future and can concentrate on what my next steps are."
~ Jeremiah H.


Jeremiah didn’t let his debt or poor credit score keep him from taking action. Instead of moping around and hoping for “next time,” he took action with The Elevation Group.


With all the terrifying signals the global economy is sending right now, we highly recommend you watch this free webinar. It’s the same webinar that Jeremiah watched immediately before joining The Elevation Group.

Click Here to Watch the Free EVG Presentation


Your Partner in Prosperity

The EVG Research Team

Ron Paul: No More Bailouts! Banks Should Be Allowed to Fail…

by Ron Paul

Supply and Demand - Free Enterprise

French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say’s words, “products are paid for with products.”

English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward an “equilibrium price” which eventually balances supply and demand for any particular good. Thus markets will clear themselves of any surpluses or shortages in the form of excess supply and demand.

This important corollary of Say’s Law– that markets clear– is critical to understanding the moribund US housing market. In housing, perhaps more than any other good, we see the terrible consequences of government and central bank interference with market forces.

Increase The Money Supply

First, the Federal Reserve Bank relentlessly increased the money supply over the last few decades. Much of this newly created money and credit flowed from Fed member banks into the residential and commercial real estate markets, causing prices to rise dramatically prior to the housing bust of 2007.

At the same time, the Fed systematically suppressed interest rates for decades. This led to tremendous malinvestment both by homebuilders and individuals, and encouraged a seedy subprime mortgage industry to make nonviable loans that would not make economic sense under market interest rates.

Give Credit to Whom Credit is Due!

Congressional meddling in the mortgage market also added tremendously to the problem. Inane legislation like The Community Reinvestment Act literally forced banks to make thousands of loans to bad credit risks. Similarly, Fannie Mae and Freddie Mac put taxpayers on the hook for millions of mortgages that never would meet market underwriting criteria. And of course the real estate and homebuilder lobbies made sure mortgage interest debt (unlike most personal debt) remains tax-deductible.

The ultimate result of these interventions by our caring friends in Congress and the Fed has been the biggest housing bubble and crash in US history, leaving millions of Americans underwater on their mortgages if they have not already lost their houses altogether. Congress and the Fed are directly responsible for millions of shattered lives, and almost unknowable economic damage in the form of trillions of dollars in mortgage backed securities.

Banks will Close Their Doors

The only solution to this mess is to allow the US housing market to clear. All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised bad judgment must now accept the consequences of their actions.

Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry. But only by allowing the housing market to clear can we hope to rebuild our shattered economy from a stable foundation. Clearly there will be pain in the short term, but we owe it to younger Americans and future generations to allow the reemergence of a rational housing market.

Original source of articel from: http://www.ronpaul.com/2012-10-29/ron-paul-no-more-bailouts-banks-should-be-allowed-to-fail/

Find out what the ultra rich are doing to hedge themselves against economic collapse.

How To Beat Unemployment

The reports are out for unemployment rates in the U.S. ... and the news is grim.


Even those in the workforce are looking over their shoulder. No job seems to be safe anymore.


We don’t have the solutions to solve all the unemployment problems our country faces...


...but The Elevation Group does have solutions that can help you ... whether you’re unemployed, underemployed or fully employed.


As you know, EVG is not just about investing. We also encourage you to increase your “worth” by investing in yourself.

Not only does that give you a fighting chance to find employment in this increasingly competitive job market, but it virtually eliminates the unemployment line from your future...


Because we also help you discover ways to increase your monthly cash flow.


Before we explore all that, though, you need to understand how serious this problem is ... and it doesn’t matter if you’re young or old ... even retired.


Generating extra cash flow at ANY stage of life allows you to live life on your terms, to prepare for unforeseen crisis, and to invest for your future.


But many people aren’t generating a cash flow for themselves because...

The Unemployment Rate is Much Higher than Reported

The U.S. Bureau of Labor Statistics (BLS) reported that the July, 2012 unemployment rate jumped to 8.3%


That’s bad. It means 12.9 million people are without work.


And since it is easy to read such statistics without much thought, let’s emphasize it a bit.


In the United States alone, 12,922,618 people are “newly” unemployed. These are moms and dads who worry about feeding their children, keeping their homes, and clothing themselves.


It’s the equivalent of the entire population of Switzerland and New Zealand – COMBINED.


But it’s far worse than that, really.


A more accurate unemployment figure for the United States is 15.1%.


And we’re not pulling that data from some anti-government site either. No, it’s a figure that comes directly from the U.S. government itself.


You see, most Americans don’t realize it, but the government actually tracks 6 different unemployment figures (labeled as U1 thru U6).


Since incumbent administrations (of either party) don’t want bad unemployment numbers pinned to them, they only publish a lower figure as the “official” unemployment rate. Currently, the U3 is the published, “headline” rate. That’s what’s at 8.3%.


The higher fifteen percent number we mentioned above is the U6 rate, which includes those who have given up looking for jobs in the “short-term.”


That means there are far more jobless people in the United States than you might think. 23.5 million, to be precise. That’s more than the entire population of Australia!

But Wait, There’s More!

Up until 1994, the government also tracked another figure. It included long-term “discouraged workers” (as they are officially called).


These were people who had given up looking for a job longer-term, or who were forced to work part-time in a low-paying job because they couldn’t find anything else.


The government didn’t like these people mucking up its numbers. They didn’t paint a rosy picture. So these folks were conveniently dropped from any official statistic of the U.S. government.


The U.S. Bureau of Labor Statistics doesn’t even track these people at all anymore. The government says they don’t count.


But John Williams, an economist who runs ShadowStats.com, thinks they do count. So he continues to compile this information. He calls it the SGS Alternate. The latest chart with data since 1994 is to the right.


Using the same analysis model the government used to use, he calculates the true number of people currently out of work at 23.6%.


That’s a whopping 36.7 million Americans. That’s more than the entire population of Canada!


Still not convinced?


CNN wasn’t so sure either, so they did their own investigation earlier this year. Their report in May 2012 found that ShadowStats.com -- and the government -- may have it ALL wrong.


In fact, after doing their research they reported there are...

86 Million “Invisible” Unemployed

Here’s how CNN came up with that number:


A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks. This year, only 63.6% of Americans over the age of 16 fell into that category, according to the Labor Department.


That means the remainder are not working or not looking. That number now stands at 86 Million people.


That includes people who are retired, in school or staying home to raise kids. These are people who truly aren’t looking for work.


But when CNN filtered those people out, they still came up with between 36-58 million people in the U.S. who are involuntarily jobless ... or who are working part time because they can’t find anything better.


This is a staggering number. It means these people are either draining their savings and retirement funds to survive, or relying on government assistance to get by.


It’s a huge reason the economy isn’t recovering.


The only way our economy will improve is to get these people back to work.


We’re not politicians, so we’ll stay out of that debate. But ...

EVG Can Help You Kick-Start Your Own “Personal” Economy

Like we said earlier, generating extra cash flow is the key... even if you are already employed or self-employed.


Part of the trick to generating extra cash flow is making yourself more valuable. That way you can make more money for the same amount of work.


You do that by learning new, in-demand skills ... by networking with the right people... and by continually educating yourself beyond the mediocrity of your competition.


Another part of the key is to start generating passive income. That means income flowing in even while you are not actively trading hours for dollars.


A rental property would be a perfect example. The rent comes in month after month. It’s not dependent on how much time you put into it.


Dividends would be another example. The income flows in each month or each quarter like clockwork.


Now those are just two examples.


If you already have money to invest, these are easily attainable. Your membership site has plenty of ways to help you out, including a unique method of real estate investing that can really ramp up your passive income in a hurry. It’s right here:


Lesson 12 - Three-Part Real Estate Strategy That Can Turn $10K Into $3.9MM…


It does require a significant initial investment – so if you don’t have the money to invest right now, it’s a great goal to set for yourself.


In the meantime, your EVG Membership site also includes strategies for you to increase your value in the workforce AND how to lay down a foundation for building passive income...even if you’re starting from zero.


Go back and check out:


Lesson 11 - How To Increase Your Monthly Cash Flow With A Home Business…


It’s not magic. It’ll require a little work on your part.


But the payoff can be huge. It’s not just about having more money, either. It’s about having FREEDOM.


Freedom to lavish your loved ones with the good things of life... freedom to spend your time the way you want ... freedom to help out your family in times of need ... and freedom to donate to the causes that match your values.


It’s a great feeling to be financially free.


If you aren’t making enough money to invest the way you’d like or to live with the financial freedom you desire ...why not give it a shot?


We’re here to help you find your own personal financial freedom... but YOU need to take the first step toward accomplishing it.

What Happens to the “Bank of You” if the Dollar Fails?

The “Bank of You” is one of the most popular...and successful strategies that Elevation Group members have been using to secure their financial future.

But there are also some concerns about how the “Bank of You” will hold up if we have another 2008-like economic crisis...or worse.

Here’s a great question from an EVG member about what will happen if the US Dollar tanks:

Regarding the Bank of You, Paul Haarman said it takes around 5-7 years to break even, and after that is when things start to take off. But the Lesson #2 video was made back in 2010. So at this point in time, with our fiat currency heading ever more towards to the brink, is it advisable for anyone to start investing in the Bank of You? Will the US Dollar even be around in another 5-7 years? Thanks in advance for your help on this question.

Mary D.Paul is the EVG expert on the “Bank of You,” and he says he gets this question a lot.

But his answer is a little more complex than a simple “yes” or “no.”

Here’s why:

Everyone’s Concept of Financial Collapse is Different

When some people think of financial collapse, they envision total mayhem...

A kind of post-nuclear holocaust where everyone wanders around aimlessly...

Abandoned ghost-town cities. Smoking piles of debris littering the landscape...

People clad in dirty rags ... picking their way through heaps of junk for a morsel of food.

Is that how you see it?

If so, then realize that no investment will thrive in that reality.

Not even gold.

In that scenario, mere survival will be the only thing that matters.

But that is NOT how Paul envisions the coming financial collapse.

Why?

Well, none of the biggest financial collapses in our world’s recent (or past) history have ever looked like that.

Yes, there is always a temporary chaos as wealth transfers hands.

And yes, there are tough times for the masses ... sometimes for extended periods of time.

But in the end, a new order is always established ... and in the event of a currency collapse, a NEW currency is always formed.

Like it or not, we will most likely have to live with some form of fiat currency during our lifetime.

So even if the present form of your country’s currency collapses, there will be a new currency that takes its place.

At that point you’ll get something in exchange for your old money.

But that’s assuming a total financial collapse.

Paul feels it’s more likely that we’ll get high inflation rather than total collapse. In that case...

Interest Rates Will Move Up With Inflation

The second thing to remember is that interest rates and inflation generally go up in lock-step.

So if we start seeing 10% annual inflation, the interest rate you earn in your Bank of You will also go up.

Some readers may remember the high inflation of the late 1970’s into the early 1980’s.

Back then you could earn 17% on a one–year Certificate of Deposit (CD).

Right now, inflation is at 2.5% and you can earn around 10% in a Bank of You.

That’s a 7% spread.

Once inflation hits 10%, you should easily be able to earn up to 17% in your “Bank of You.”

Which brings us to the final point...

The “Bank of You” Protects You During Inflation or Deflation

A properly set up “Bank of You” will protect you from future high inflation...

...but it can also save you if we get deflation.

We’ve already seen how deflation could be part of our future in a recent newsletter.

Most investments work well only in one scenario or the other. Either in deflation or inflation.

In fact, many investments will completely crash if used in the wrong situation.

Not the “Bank of You.”

Properly set up, a “Bank of You” steadily increases your wealth during either scenario.

It works that way because it has the income-producing abilities of an inflation hedge, and the cash-like qualities of a deflation hedge.

Final Thoughts

No one can say with 100% certainty what the future holds.

Will there be high inflation? All signs point to that.

Will there be deflation? At least one realistic scenario exists where that could be our fate.

With most investments, you have to make an educated guess which scenario is coming.

At EVG, we’re betting more heavily on the inflation side.

But with a “Bank of You,” you’ll be protected either way.

It won’t matter if the US Dollar tanks ... or even disappears.

Frankly, you’ll never get the timing of any investment absolutely perfect.

What’s more important is understanding the Wealth Cycle we are in and how that will affect your long-term investment goals.

Once you are convinced in your own mind that a particular investment makes sense, the final step is actually committing to it...pulling the trigger and making the investment.

Now is a good time to review Lesson 1 on wealth cycles and Lesson 2 on the Bank of You.

If you have specific questions about setting up your own “Bank of You,” give Paul a call.

As a member, you have access to his contact information on the Resource Page in the members area.

This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com