Turning Hard Times Into Good Times

Existing-home sales fell 3.8%. And with so many homes on the market begging someone to buy them, new housing starts are mired at deep depression levels. The housing depression has created a catch-22 situation. With rapid declining prices in the housing market, Americans are less inclined to sell their houses in order to find jobs in growing areas, therefore unemployment stays at very high levels. Americans have used up their privilege of borrowing from their homes to take expensive trips, buy new cars and create a pool of debt. As the market has been saturated with foreclosures, banks are requiring larger down payments and enforcing stricter lending rules. David McAlvany outlines how individual households can preserve their wealth and assets while debt and inflation consume the value of the dollar and US economy. Also, executives from Crocodile Gold & Pele Mountain will be interviewed.