Let it be said that I am not bought off and not invested in how much money you make one way or the other.
I am one of last people on the web that is willing to tell the truth and attempt to remove all the shadowing and spin that resides over all that is the media.
Allow me to be plain:
We are headed for a depression.
I repeat this as a man with three businesses and a successful career in marketing said this statement to me.
A math teacher of high credentials has said to same to me in the past year.
You won’t hear this from the bought and paid for economists who sat on their hands and let our economy crumble beneath us as they remained mute.
While the word ‘depression’ in regards to economics is about to appear on the FFC Banned Words List there is much to be understood about what awaits us.
I’ll remove as much jargon as I can.
The economy will go up. But then it will come back down again.
They call me a “W” in terms of my economic perspective in that I believe we will regain strength in the market in coming quarters. But I think these will be temporary gains and ultimately we will fall back into a recession cycle that will lead to a depression.
Most media economists tell you that they are a “V” which to me just denotes that they are blindly optimistic or much more likely bought and paid for.
Some maintain that there will be no improvement and they are labeled the “L‘s”.
And some still think we will have gradual and slow recovery that is unhampered and they are labeled as “U‘s”.
Anyone like myself who speaks of a forthcoming American Depression would squarely fit into the “W” or the “L” camps.
However, the notion that all hope is lost is a false one.
Most of us ‘money-savvy’ people already know that fortunes can be made in depressions and that the wealth of the nation will not dissolve into thin air but rather will be distributed down to the people who have the intelligence and the foresight to take advantage of the downturn.
This is just a sliver-lining though. Each family should take real steps right away to build up the value of your home, maximize your portfolio and be prudent about major expenses.
But it’s important to realize that if we are going to prove me, a math teacher and a successful business man wrong that this nation will have to refocus itself on consumer spending.
If all of America continues to tighten it’s belt in this endless fashion then you begin to see why some predict this outcome at a latter date. Most say about three years and I would estimate a little longer span of time but the same end result.