I am a believer that things happen for a reason and although it turned out to be a brief encounter, being only a few feet away from the man who may or may not have caused the financial mess in the USA, really has made me want to help more than ever. When I was in the US this month I stayed at the Island Hotel in Newport Beach and one morning I was waiting for one of our company directors to meet me in the foyer for breakfast.
Alan Greenspan is a lot shorter than you imagine and as he walked towards me I knew it was him for sure. My mind was racing. What should I do? Ask him for an autograph, quick picture maybe, or ask him if he’s heard of LTG GoldRock LOL? I didn’t do anything. I just stood there and to be honest I just thought, that’s him, that’s the guy that millions of people around the world believe screwed the US economy. Was he really the one that caused it? Could he have guided us through and averted the disaster on Wall St? My opinion is he certainly helped cause it, not intentionally, but he must take responsibility for some of the biggest financial mistakes in his country’s history.
So how do American’s ensure they don’t become the victims of the circumstances again and insulate themselves from an event such as this? Some people think it won’t ever happen again, so who cares. Try telling that to millions of American’s looking for work, are behind on their mortgage payments, have credit card debt they can’t jump over and are struggling to pay their car payment and keep food on the table. They don’t care about 10 or 20 years down the track, they care about right NOW! We are not out of the woods by any means and it will take years and years before unemployment comes back to levels considered acceptable or the norm for a country such as the USA.
America has sadly spent itself into oblivion, is essentially broke as a Nation and living on mountains and mountains of dirty debt. The problems that every day American’s face in my view stem from the fact that a culture of spending and accumulating debt has not only been encouraged for decades but actually forced on people. You don’t have to be a rocket scientist to see that America lives way beyond its means. And the government, Wall st and Capitol Hill are the worst offenders. The Economy will recover in time, but it is a long way off and to stimulate spending and create jobs, governments must spend money, banks must lend lots of money and consumers must borrow it. The US government doesn’t have any money to spend, so it will continue to use Treasury Bonds and other forms of loans to fund its spending. Essentially creating more and more debt. And President Obama will continue to tell banks to lend money to consumers that can’t afford it and therefore create more household debt, adding fuel to the fire.
There are options for American’s that are struggling and trying to make ends meat. One option is to quit standing in the same line as everyone else. That is why some are in the position they are in now. They followed the crowd.
Make a decision today to learn to manage money, educate yourself about how to create cash flow yourself so as you can create an opportunity in your life that you can be independent of the circumstances of recessions and economic down turns. Yeah I know, you say you don’t have any money. I don’t believe you! Find something that you have that you can sell and get a few dollars together and start attending free seminars on how to invest. Don’t invest in the first one you find, look around and spend a few months seeing what is out there. Just get started and get off the bus that everyone else is on. Now there are some forms of investing that are ideal for generating cash flow but trading currencies is at the top of the list in my view. Here is why….
It is the biggest financial market in the world and will not collapse like the stock market or jobs market, ever! There will always be currencies you can trade to make money and while one currency may be falling in value (such as the US Dollar) another currency is rising and you can buy or sell currencies daily and make money. You need only $200 in a broking account to get started, all you need is the internet and a computer which you already have, and you can begin to educate yourself and learn to trade the biggest money making machine in the world with as little as .10c per point, making or losing the cost of a cup of coffee. You require no staff, no stock and equipment, no selling to do, no customers to talk too, work what days you want to work and be anywhere in the world and do it on a computer or cell phone. Tell me a money making opportunity like that!
Now the key is this. 99% of American’s that try to learn how to trade currencies by themselves will fail and lose their $200 dollars. But if they have discipline and patience, develop a team around them to support them they can steadily build their own debt free business that can continue to pay them money for the rest of their lives.
Forex trading is the next big investment in the US, mark my words! Just Google it and see for yourself.
