The Future

Economy Woes

Are we in a recession yet? Well, that depends on who you talk to. The government will say we are trying to stay out of a recession. The economist at the consumer price index, who messes with this stuff says we've been in one for awhile and it's spiraling down more.

Either way you look at it; this was a fun ride for all. Money flourished, housing prices kept rising, money was fluent and anybody could get a loan. Yep, it was a fun ride.

Now, the bubble burst and everything went to crap. Some may ask what happened? Why are taxpayers picking up the tab for a few greedy people? The problem is that everyone lived on credit for so long. People's incomes have not change, but their spendeing patterns have. Basically we've been living on borrowed money.

In a nut shell here it is.

The housing market expanded so quickly and allot faster than normal. This created allot of money which banks could loan. Government deregulation had allot to do with it also, for it appears the controls to limit expansion where no longer in place. As a result, banks laxed lending requirements (because of deregulation in 1999) so anybody could basically get a loan. Rates came down and people borrowed money. Then the bubble burst for people who got into houses which had no business in them. They got in with a low down payment. These loans which some came with a 5 years arms, or interest only loans which when cam due, the borrower was to make a large payment. These houses were to be sold after 4 years, making more money so the borrower could buy a bigger house.

So, when the value of these houses dropped below what the borrower could ever hope to regain, the banks foreclosed. The backing companies which insured the loan ran out of money also causing a big problem. When you have a few million people do this, it creates an even bigger problem. So, in the end, housing prices need to re-adjust to normal levels.

I've been in contact with senators over this issue. Sources have said that unless the bailout bill was passed, the country was open to takeover and without question Marshall law would have been put in play.

So, out of all this doom and gloom talk what can we do. The answer is simple. We need to protect yourself and your family. For nobody else will. Yes you can get as pissed off with the government as you want but it won't do you any good. Protect the only person that matters, you and your family.

One way to secure a sound future is to start a home based internet business and obtain network marketing success . Yes, it might sound cliché but where is the harm. Invest in your future and yourself. It's a minimal cost, about that of a month cable TV bill and it is a way to hedge of the future costs to come. Don't think this bailout immunizes the taxpayer at all. So, are we in a recession? Well if we are or not, a home based internet business is a good way to plan for a healthy future!

What if I could show you a way to secure your future with a step-by-step approach to a successful home based internet business, would the be worth 10 minutes of your time?