Millionaire Money Secret
Here is a closely-guarded financial secret:
SECRET: It is much easier to make fast money during hard
economic times than during normal times. During economic bad
times valuable assets such as houses, cars and jewelry are sold
for mere pennies on the dollar. Later when the economy has
recovered these same assets can resold at much higher prices.
During the last economic depression huge fortunes were made.
Those who understand this secret and know how to take full
advantage of it rapidly amassed enormous fortunes.
Despite the constant barrage of jolly news emanating form the
White House, the sad fact is - the US economy is in a tailspin.
Hard Times Ahead!
The US airline and auto industries are sliding into bankruptcy.
Employees in these industries are being forced to accept salary
reductions, surrender hard-won pension and health benefits and
face massive layoffs and plant closings.
The US government is now borrowing two billion dollars each and
every day from Japan, Korea and China - just to keep the
government in operation. Japan now holds over $700B of our debt.
What would happen if the Japanese decided to stop loaning us
money?
Foreigners now hold so many US dollars that the currency is now
in real danger of collapse. Several widely respected billionaire
investors have recently bet huge sums against the dollar.
This year (2006) the US will spend over 700 billion dollars more
than we sell as a nation. This means in effect that sum leaves
our country.
The US spending deficit is soaring and the numbers don't include
the exploding cost of the Iraq war and homeland security.
The war in Iraq is now costing more than a billion dollars per
week with no end in site.
Personal bankruptcies are at all time record levels. Half of
those are people who were forced into bankruptcy due to illness.
And most of these folks had medical insurance! Despite the new
highly-restrictive bankruptcy law, bankruptcy filings continue
to rise.
The US health care system is approaching collapse. Dr Andrew
Weil predicts the crisis will come to a head within two years.
He predicts that hospitals all over the US will be forced to
close as a result.
We are now spending over $200B per year on Diabetes care and
another similar sum on Alzheimer's patients. Both diseases are
expanding at an alarming rate.
Social security cuts are coming. 76 million "baby boomers" are
about to retire. Unless taxes are raised, the system will soon
run into problems.
What will happen to the housing market when those same baby
boomers attempt to exchange their larger family homes for
smaller retirement condos? For the first time in US history the
younger generation behind the boomers has fewer assets. What
will happen to housing prices?
Along the same lines, what will happen when the boomers are
forced to dump their 401K and IRA stocks and bonds on the
market? Again, the younger generation won't have the ability to
buy. What will happen to share prices?
World oil production is at or near a peak. Though we won't run
out of oil any time soon, the age of cheap oil is now officially
over. We will be paying much more for every form of energy over
the next two decades. What happens when oil demand grows three
percent while the global supply of oil doesn't grow at all?
Jimmy Carter warned us. We didn't listen.
Get the Facts
If you want to protect yourself and your family from the coming
hard times, if you want to learn how to buy up valuable assets
such as cars and houses for pennies on the dollar - take a look
at our new site at:
www.the-coming-economic-depression.com
About the author:
If you want to protect yourself and your family from the coming
hard times, if you want to learn how to buy up valuable assets
such as cars and houses for pennies on the dollar - take a look
at our new site at:
www.the-coming-economic-depression.com
