The Government is hell bent on pushing us back into a recession!
As I write this we are on week two of the government shutdown. For 14 days neither the Obama administration nor members of the Republican Party felt any kind of rush to end the funding dispute. I awoke today to hear for the first time that finally these two groups are meeting and starting to negotiate. To me that is ridiculous. These two groups of pompous, over-paid, under worked men couldn’t even be bothered to get together and hash out a plan until now. Frankly the government disgusts me.
The Republican controlled House of Representatives refuses to pass any kind of resolution that will once again fund the government without including a provision to cut or delay the implementation of Obamacare, and the Democrats led by President Obama refuse to negotiate on the issue at all. For all they care this stalemate can go on indefinitely.
What does that mean for the hard-working Middle class?
If you read my letter last week then you know that this shut down is really all just a cover-up for what’s really going on in America. The shutdown, while cantankerous, won’t send our economy into a tailspin if Congress doesn’t get come to a resolution in the next few weeks. But the other issue facing our nation does have that power. In the next few days the government will reach its debt ceiling and if Congress and President Obama don’t act we’ll default on our loans. We won’t have the ability to borrow money to keep paying our bills. If that happens an economic meltdown not previously seen will erupt.
Don’t believe me?
The markets have already started to react. They have been extremely volatile over the last week. Up one day and down the next depending on how the media spins the news relating to the shutdown and debt ceiling.
Yields on one month Treasury bills have also spiked over concerns about reaching the debt ceiling without a compromise in place. Last week investors began dumping Treasury bills out of concern that the government might not be able to pay them back when they’re due. Investors demand higher yields when they perceive a borrower as risky, and that’s exactly what Uncle Sam looks like right now, a risky bet.
Consumer confidence is also on shaky ground right now. Americans are nervous about how the shutdown and debt ceiling will impact their wallets. It’s caused consumer confidence to register its sharpest one-week drop since the collapse of Lehman Brothers, according to Gallup polls.
The poll also found that consumer’s long term outlook on the economy isn’t all that rosy either. In fact most Americans think that things will get worse before they get better. Those who think the economy is likely to get worse outnumber those who think it’ll improve by a 69 percent to 27 percent margin. That’s more than twice as large as the gap that existed in the days before the shutdown started.
That last statistic is particularly scary because in the past some of the largest drops in consumer confidence came just before the nation toppled into recession. Economists are worried that all of these factors indicate America is in store for another recession, one that is likely to be worse than the 2008 one we still have not fully recovered from.
Need I remind you how bad the economy was just a few short years ago? During the last recession the unemployment rate rose from 5 percent, which it had been sitting at or below that rate for the previous 30 months, to a high of 10.2 percent. During most of that time many states reported jobless rates well above the national average.
Even after a job loss it took Americans an exorbitant amount of time to find another one. As recently as 2010 forty percent of all unemployed Americans had been out of work for more than six months. Many of the older workers simply gave up hope of ever finding another meaningful job again and we’re forced into early retirement.
Those that were able to hold onto their jobs experienced stagnating wages. Most workers were forced to take on more work, but received no increase in salary during a multi-year period.
As if all of that wasn’t bad enough the Dow Jones industrial average crashed by more than 5,000 points. In 2008 it experienced the worst losses. Over eight days the Dow fell 2,400 points or 22 percent. Hard working, middle class Americans who had their retirement nest egg wrapped up in the stock market lost more than $11 trillion in the recession.
We simply can’t afford another recession.
So what do you do if you don’t want to be a victim in the next recession? Well you certainly don’t sit there and wait patiently for the shit to hit the fan!
In every economic rough patch there are winners and there are losers. The losers generally are the working class, those that rely on someone else to provide them with an income. Those workers are the most vulnerable in any recession.
You see the corporate fat cats hold all the cards. Instead of them taking a pay cut or being ok with their company’s making less money for a few years, they cut expenses in the form of your job. They can destroy a person’s livelihood to ensure that they can still summer in the south of France each year and pay their dues at their country club.
Don’t let someone else control your fate! Instead of relying on someone else to give you a paycheck why not pay yourself by starting an easy, work-from-home internet business.
Why do I recommend this type of business over all others?
Well for starters internet businesses require the least amount of set-up of all businesses. Sure you can make a living opening up a restaurant or retail shop, but the time it takes to find a good location for your business, negotiate a reasonable rate with the building owner, construction to make your business look good, find employees, train employees, develop marketing strategies, figure out how to price your inventory…all of this takes a long time and a lot of cash. If you get just one of those factors wrong you can mess up your business and fail leaving yourself more in debt than when you started.
That’s why you need to invest in a turn-key business like, The League of Power Wealth Alliance, in which everything is already done for you. Businesses like these take all that guess work out of setting- up and running a business. It sets up your custom website for you, gives you the products to sell, tells you the best prices to sell them at, provides you with marketing and customer support, does the credit card processing for you, and basically allows you to continue living your life while checks get deposited into your account!
Sound too good to be true? It’s not. This week I am opening up a few spots in my wildly popular League of Power Wealth Alliance group. In the past five years I’ve only offered access to this group four times, selling out each time.
What is the Wealth Alliance group? It’s an elite group of entrepreneurs that decided they wanted to be the ones holding all the cards. Each group member receives a custom, turn-key internet business. They are provided everything needed to start their own internet based business. They get a custom website, a large selection of products in which to offer clients, sales copy to sell those products, customer service support, processing and handling is taken care of for them. In essence they get the chance to become their own boss while piggybacking on a wildly successful business!
Like I said before I’ve only offered this a few times in the past and it has always sold out quickly. That’s why it’s important to get in now. For those of you who want to control their destiny I encourage you to join today. You won’t regret it.
Good luck!
Mark Patricks
