Recession Proof
Are You Ready To Take Advantage Of A Bad Economy?
Here is the reality
Alot of our largest and most admired and respected mega- companies are becoming insolvent.and there is certainly nothing that can be done to stop the behavior pattern.The debt levels and derivatives held against this debt are just too overwhelming.Employees to lose their jobs essentially overnight? Now, extend that same process to thousands of companies around the globe and you get an idea of how undesirable things are about to become.
Here is What The Next few Years Will most Likely Look Like:
-Unemployment will increase from 6% to over 15-20%. You or people you know and care about will lose their job.
-Home prices will go down for the next 3-5 years, and in some areas will drop 30-50% from current prices.
-We will experience a “near Depression” that will feel like a serious Depression for millions of people.
-The job market will probably be drooping for years, even if the economy starts to turn around next year.
-The unemployment rate may not fall back to its pre-recession level of 5 percent for the next 5 years.
-Home prices fell about 30 percent during the Great Depression, according to calculations by Yale University economist Robert Shiller.{The U.S. housing market is experiencing its worst downturn in modern history. On a national basis, homes have lost about a quarter of their value, and economists foresee at least an additional 10 percent decline.}
The latest news on inflation and unemployment seem to be pointing to a gathering storm in the U.S. economy. A lot of readers are wondering: Just how bad is this downturn going to be?That’s where we are now — the economic barometer has just started dropping. Unfortunately, economists don’t have radar and satellite imaging to measure how big the storm is before it gets here…..John W. Schoen…Senior Producer…msnbc.com
We are heading for an economic crisis worse than 1929. This folks is what a full-fledged depression looks like.Wayne Allyn Root Says …..The 2008 Libertarian Vice Presidential nominee (What Capitalism Really Looks Like )…..http://www.rootforamerica.com/blog/
We are told we’re in an economic recovery, but it just doesn’t feel like it.
Massive Opportunity is waiting out there!
Yes, in spite of all of this excessive negativity, the opportunity for those that have the self-confidence and wisdom to be in action now is greater than ever. Start your own business, live beneath your means, make bold decisions with your money and your lifestyle, and above all else, drop the lemming mentality that continues to hold down those that follow the crowd. Make the decision today to become the “smart money”. More wealth was created coming out of the Great Depression than existed before it began…as we enter this serious recession…unfortunately one that’s all but a given.Make no mistake about it folks, the next 3-4 years will be a very tough time.
If you’re in the Middle Class, you will likely slide into poverty unless you take action.
Y.Alnaami