Smart money

PUBLISHED : Monday, 02 July, 2012, 12:00am
UPDATED : Monday, 02 July, 2012, 12:00am


The best resources for preparing for financial crisis

Tired of conflicting financial advice in volatile and uncertain markets? If you suspect that financial end days are near, then this is one of those sites that will help explain how to survive or profit from it. Rather than trying to see a way out of the euro crisis, this site advises from the perspective that Europe is heading for a full-scale disaster. It hosts features on why the European banking system is months away from collapse and offers advice on how to profit from such a scenario.

The site aggregates news from non-mainstream sources. Its analysis comes around to the view that global economies are on a precipice, with a focus on United States debt (personal and government). The site discusses the view that the euro-zone crisis threatens US corporate earnings, with knock-on effects for the economy and credit markets.

This site offers a negative outlook on all assets and markets. A recent article, 'Euro-zone galloping towards financial Armageddon', features country-by-country study and predictions of bankruptcies of central and commercial banks that will precipitate a Europe-wide recession. It discusses current events and the expected impact on markets. Sections on Elliott Wave analysis (a type of technical analysis) forecast the end of capitalism as we know it. Personal finance and housing market pages discuss how readers can survive this decline.