Kerry Lutz's--Financial Survival Network

• Goldman says gold’s going to 1050;
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  Golden cross on the verge;
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  China manufacturing PMI 48.1;
• Shadowing banking 0 in February;
• Ukraine currency collapse;
• US calling for Russia to be kicked out of G8; 
• Venice wants to secede from Italy and
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  Massive rally in Madrid against Spanish austerity. 
   
   
   
   
   

   

John Rubino of DollarCollapse.com joined us for our Monday discussion. He says, "It’s amazing how quickly China went from being the world’s savior to its biggest danger." To recap:

When the developed world stepped off a cliff in 2008, China responded by borrowing about $15 trillion and spending most of it on infrastructure. Roads, bridges, skyscrapers, power plants, whole cities went up around the country. The resulting demand for everything from iron ore to wind turbines helped offset contractions in the US and Europe, turning an incipient global Depression into nothing more than a severe recession.

But government-directed growth on this scale produces a mountain of misallocated capital which eventually comes back to haunt its owner. And that's where we are now. 

Let's face it the economy stinks and probably won't get much better. That's the bad news, however, the good news is that no matter how bad the economy might be, there's always a shortage of great sales people. If you can become one, the world is yours for the taking. That's where Dan's new Optimal Sales Person course comes in. It's inexpensive, but Dan gives you a step by step guide to becoming just that person.