Times of 1929 2009 are here! Unless you are living under a rock or in a cave, you are probably personally experiencing the effects of this perilous financial meltdown! Our stock market valuation is currently at the same levels it was 11 years ago. Every 10 days it seems that it takes away year of valuation on mutual funds, stocks and bonds. At the current rate I anticipate our market to be at 1994 levels by President Obama's inaugaration. Our economy is shrinking! This year alone to date the DJIA fell almost 6000 points!
DEEP RECESSION--> D E P R E S S I O N
When this occurs even billionaires like Buffett and Soros lose monies. Billionaires are demoted to millionaires, millionaires demoted to middle class, and the middle class and lower class are relegated to the ever increasing class of poverty and hopelessness.
Putting partisianship aside, we are in deep dodo! The The IMF's chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010! While we wait for the calvary to come, what do we little people and small businesses do to stay afloat? Reviewing history could help.
Using Depression-Era Tactics for Survival
Weathering the Coming Crisis
We are entering the era of PAYGO. Pay as you go. COD cash on delivery. Layaway. Avoid paying for credit transactions in the future. Argh! I know it sucks but if we don't become thrifty right now we will be forced to be destitute later.
As unemployment rises, foreclosures mount, and the credit crisis tightens we all become more competitive in nature for remaining resources. To survive this period we must fight the collective mindset of lack. I strongly suggest downloading and reading this ebook. Click for More money.
P.S. Did you know there's a SCIENCE to having everything you want in life? Well, there is and it's all explained in an amazing little book from 1910 that you can get FREE at this cool website:
http://scienceofgettingrich.net/...