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I am a 22 year veteran of the real estate community. I founded the Springboard Group, the nation's only semester-based investor academy and hosted the radio program, "The Real Estate Coach" for 4 years heard on Salem and ABC radio networks in Chicago.
I semi-retired from the media to develop a 350 acre, private island resort in the Caribbean.
Yup...an optimist at heart, and a realist with my checkbook. Brad is right on. For futher sobering news, I just finished Kevin Phillips book, "Bad Money" and the whole mess is draining my spirit. Combining the mortgage mess, energy prices, the avalanche of ignorance in this country, along with China and India's rise, I have not dug a "bomb shelter" like David's comment, but I have started buildng my own refuge...in Belize. I love my country, but I don't trust the economic policies. Adopting offhore wealth management strategies is something that anyone can do and most people won't do. For years I was worried about what would happen if I ventured offshore. Now I am fearful of what would happen to my family financially if I DIDN'T have an offshore component in my portfolio. Don't put your head in the sand, people. The USA may have reached its peak as a world power, but smart money always finds a way...there are caribbean banks, investments, and real estate that the ultra rich are very keen on. You can "follow the money" and shore up your defenses...looks like a normal "recovery" is out of the question. Doug Crowe www.dougcrowe.com
