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This article explains the truth about what the US debt downgrade means to Americans. The upper 1% will be fine. Everyone else should look for threats to life insurance, investments.

by Grace Oaks

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by Grace Oaks

If you have found this article interesting you can visit its Grace Oaks's site for more writings. Grace Oaks has spent years in perfecting his journalist skills and is pleased to share his vision with you. Article Source:

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US Debt Downgrade Threatens Policy Investments

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Author: Article Tools:Economics forecasters on cable television seem to be of two minds ever since Standard and Poor's downgraded the US debt rating from AAA to AA+. Some sound more like doomsday prophets,barbour, claiming the American economy is due to crash into a smoldering sea of ash and brimstone. Others, such as the stocks and investing specialists on Fox and MSNBC, come across as hype men for Wall Street,doudoune moncler, claiming that S&P are simply playing politics and that the US is still the champ and can take on all challengers,abercrombie france. Nobody is answering the question most Americans are asking: How does this downgrade impact me now and in the near future? REAL EFFECTS OF THE US DEBT DOWNGRADE The hype men at Fox and MSNBC and the doomsdayers both look pretty wrong,moncler outlet, as it turns out. The market has continued on as before, gaining a bit some days and losing others. Actually, this is exactly what several prominent academic and foreign economists expected. The downgrade is largely misunderstood amongst the public, because people on television are trying to make sure you are not informed! Debt downgrades are not actually catalysts for economic change - they are symptoms,peuterey outlet. It's just like a report card. You don't do poorly in class because you got a bad grade. You get a bad grade because you were doing poorly in class. The United States was rated too highly, so S&P gave them a new report card. In the short term, the real effect of the downgrade is small,abercrombie. Over the next few years, everything should continue as normal. However, if the US is not upgraded or is downgraded again, it will be a sign that the US economy is really ailing. One sign of this is the continuing increase in the value of gold and silver, which are setting all-time highs right now. Because the trustworthiness of the US dollar has been falling, more banks are trading in gold and silver,. The bank of South Korea has actually changed all its holdings from US dollars to gold and is storing them in the UK. MORE PRESSING FEARS You should be more worried about the trading value of US currency than our country's debt rating,barbour jacket. The US economy has largely been artificially stable because the dollar has a privileged status as trading currency,barbour. If that goes, then the US economy will come down to earth. But it won't happen overnight. We will probably see steady market decline, say the academic economists at leading institutions in the US. Derivatives are built with triggers tied to debt. If financial institutions are downgraded as well, banks will demand more collateral and the market will begin to decline with falling derivatives. PROTECT YOURSELF Life insurance companies invest your account in the market, so your investment may be vulnerable in the coming years. It may be smart to convert your permanent life insurance policy to term, if possible. With term life insurance, you will pay the least for coverage and are not vulnerable to market fluctuations. If the situation changes, convert your term policy to permanent life. Even better, get a policy with a minimum payout guarantee. That way, if this crisis blows over, you will still make money,barbour outlet; if the market collapses, you have guaranteed the money your family needs.

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Long Term Care Insurance: Why You Need It, Why People Avoid It And A Simple Way Out

If you've never had the "privilege" of nursing the sick elderly,doudoune moncler, you may not understand the importance of long term care insurance. If you've never been close to someone who needed custodial care for a protracted period, you may make light of this. But you shouldn't treat this lightly.

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Here are my favorite long term care insurance quotes sites... Chimezirim Odimba writes on long term care insurance. Article Source:

Author: Article Tools:You need long term care insurance... 1) People are living longer thanks to medical science. This means that a greater number of people will live to be so old they'll need some form of custodial care,abercrombie milano.  2) Sickness that makes it compulsory that you get custodial care may strike (Unless you're immune to sickness like me). 3) Providing long term care without insurance can really eat away your entire life's savings. There are several reasons why people choose not to buy long term care insurance. Top among these is a lack of understanding of the risk involved,moncler. However, for most who would have chosen to get a long term care insurance policy,, the biggest challenge is what it would cost them. That is, the extra cost.  If you belong to this group here's what I recommend (I'm assuming you already have auto and home insurance),...  Take out time to visit at least five insurance quotes sites. Get and compare quotes for both your auto and home policies (and other policies if you have others). Also get quotes for long term care insurance from all these sites.  Compare the quotes you get for the best price/value.  This process will take you around 3 minutes per site per insurance policy,louboutin pas cher. But, I'm glad to inform you that if you do this well,, you'll most likely get enough savings to totally pay for your long term care insurance without changing your insurance budget,. Remember, getting insurance quotes is free. And,abercrombie, they are no-obligation quotes,. Start now. No, don't put it off till tomorrow. Tomorrow never comes. Related articles:  Submitted Tenant Loans Making Non Homeowners More Independent Article - Finance Loans Articles Article Tools 