Preparing for the Coming Collapse

The following was taken from the Money and Markets Report by Mike Larson [http://www.moneyandmarkets.com/the-%E2%80%9Cforgotten-crisis%E2%80%9D-44763?FIELD9=1]

“GDP growth already slowed from 3.1 percent in the fourth quarter of 2010 to 1.8 percent in the first quarter of this year…”

“The Empire Manufacturing Index, which measures activity in the greater New York area, plunged to 11.9 in May from 21.7 a month earlier. That was far worse than the 19.6 economists were expecting.  Meanwhile, the Philadelphia Fed index tanked to 3.9 in May from 18.5 in April.  That was the weakest in seven months and far below forecasts for a slight increase to 20.”

“The NAHB’s Housing Market Index, which measures builder confidence, remained mired in the muck at 16 in May.”

“At the same time, April housing starts plunged 10.6 percent and building permits slumped 4 percent.  We’ve now been stuck at a dismal level of about 500,000 to 600,000 starts for two-and-a-half years, despite hundreds of billions of dollars in aid being thrown at the market by the “fixers” in Washington!”

“Industrial production flat-lined in April, confounding economists who were looking for a gain of 0.4 percent.  Factories used just 76.9 percent of their available capacity, far below the 77.6 percent that the market was expecting.”

The above sounds very frightening in many respects and Mr. Larson goes on to suggest that his company has a solution.

Unfortunately, his solution doesn’t help a majority of Americans because we don’t have the funds to invest in the products that will be recommended through his newsletter.  So what are we to do?

What you should NOT do – bury your head in the sand and hope that you won’t be affected by our economic collapse.  The poor and middle classes are already being affected, by higher food and gas prices.

What you CAN do – start cutting down on your expenses.  Look for ways to make your life simpler by taking advantage of things that are free or very low cost.  Eat healthier.  By adopting a healthier diet, you will save enormous amounts of money and feel better as well.

Also, consider becoming a business owner.  In addition to giving yourself something worthwhile to do, you can generate some extra spending money as well as reduce your income tax burden.

What kind of business, you ask.  Look to the Internet and you will come up with many ideas and your start-up cost is minimal.  Also, look at the things that you enjoy doing, things that make you happy when you do them, things that give you satisfaction.

Chances are very good that with close to 7 Billion people and at least 2 Billion with Internet access, you will have some ideas of things you enjoy that you can share with others, people who would like to learn more about what you love to do so they may enjoy it as well.