The Wealth Curve

"Profits are Better than Wages"… Jim Rohn

Why not create your own Economic Stimulus Package?

Why not create your own Economic Stimulus Package?

America is in the midst of an economic crisis with no immediate end in sight.  The stock market has dropped one third since 2007.  Hundreds of thousands of hard working Americans have lost their jobs.  Home foreclosures have doubled from 2007 to 2008.  Major financial institutions have shut their doors and the auto industry has found itself on the verge of bankruptcy.

The Big Five “Pure Investment” banks have disappeared as we knew them.  Here is what has happened so far.  Bear Stearns and Merrill Lynch were sold to depository banks, Lehman Brothers collapsed and went into bankruptcy, and Goldman Sachs and Morgan Stanley have become depository banks.  One thing is certain the banking and lending system has to change.  Is this the end of an era dominated by the American financial institutions?  Where do we go from here America?
During the week of October 10th the market dropped 25% almost a decade’s worth of growth wiped out in a single week.
None of us working today have ever gone through anything like this before.

However, some Americans have seen this before.  Ask some of your older living relatives about the Great Depression.  The Crash of 1929 gave rise to a decade of hardship and despair. Is history repeating itself, will today’s crash turn into tomorrow’s depression?  Mark Twain said History does not repeat itself, but it rhymes.

There are plenty of lessons we can learn from the crash of 1929 and the depression of the 1930′s.  Now is the time to blow the dust off your history books and do a little research.  You may just save your family’s finances with a little economic historic knowledge.
It is times like this that millionaires are made. What are you doing to prepare yourself? Are you going to sit around and wait for corporate multi-nationals or the government to do something for you?  Learn how to create your own Economic Stimulus Package instead of waiting around for help from the Government.  The financial structure of today’s economy with its global interconnections and complicated unregulated financial instruments is different from what FDR had to deal with in the 1930′s.  Will the government’s actions even make a difference?

Learn what residual income can do for you.  Learn what online internet marketing can do for you.
You NEED to do something; this whole economic thing is going to get worse before it gets any better!
Individuals need to re-think their existing financial architecture and find a place for residual income in their family finances or else.  This could be analogous to a financial hurricane season, ARE YOU PREPARED FOR THE STORM?

Please leave a comment, I would love to hear your thoughts!

See You on the beaches of the world!

Hank Jennings

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