Todays economy is far from great, or perhaps far from even a recovery as some governments may claim we are in. No matter where you are in the world, you felt what happened from the great recession and depending who you are, you may still be feeling it. What I am here to suggest today is we have some very big problems with our monetary system today. Deflationary forces on us right now our huge, due to so many different factors. We have a population growth stalling, we have business's not growing, except online business's, we have interest rates at all time lows, debt is shrinking, Etc. Here is a video from a trusted source of mine: Mike Maloney. Make sure to watch the full presentation on his website. Some say the stock market could drop as much as 90 percent in value with all the baby boomers selling off for retirement, and our current problems with the economy make that more likely then when they had predicted that a decade ago. We could be a decade away or perhaps years away from the second great depression. The thing is, its to complex to see into the future when it will come. Don't let this scare you as an entrepreneur or investor though. I read that there were more millionaires made during the depression then any other point in time. This may of changed to a new date in time but that still presents opportunity for the upcoming years. Wealth is never destroyed, but simply transferred. If you position yourself right, you can get boom during whatever comes the next few years. As the middle class is shrinking in western countries, the middle class is actually growing over in the eastern, like in china. Of course they got some troubles it seems with their real estate but overall, it would seem wealth is starting to transfer from the west to the east now. One thing to remember though is from the last 10-15 years, we now have a global economy, all economies move as one due to world wide trade.
Anyways enough with all that, lets talk about how we are going to make money no matter what happens in the economy. Ways we can keep income coming from business's is to start an online company or network marketing company. Network marketing companies have seemed to prove massive growth during recessions when people start to look for other opportunity's in the world. Of course, do your research before choosing a company. Online company's are great as well, which is not great since they do not help produce a middle class which is what is needed for a strong economy. Millions of people are switching to online television from cable. Some of the biggest company's today are becoming obsolete. |Real estate is also a good one if you know what type of places to get. Cheaper rental property's will be good during this time and the poor class grows and middle class shrinks. They will be needing affordable housing after all. You need to evaluate your company(s) as a lot will be dying off if and when this bust happens in the economy. A lot of financial company's will become bankrupt most likely during this time. They have grown too much and the free market, or what's left of it when this all plays out, will take care of this. That doesn't mean they will all die though. In order to keep your business above water, you need to plan in advance what you can do to be super competitive until this all plays out. Think about how you would run your business in ten years from now. Now lets look at some investment plays for during this time. Depending what the American reserve does, gold and silver could turn out to be a great play. This means companies producing gold and silver could explode if this happens. Of course, the financial system will be scary during this time, and you may not want to trust having your money in a company that may or may not fail. Insurance company's may not be able to cover all of their expenses during this time. Some companies will explode during this time as well, that are position properly and have a game plan for this event. I want you all to keep an open mind to what you can do to keep your business afloat when this comes, what type of business you can create that will thrive during this time, and what kind of investments will provide huge returns since we will be in the greatest transfer of wealth of all time. I will have another blog to provide more detail no this topic in the next couple of weeks as it is to long to post in one blog.
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