Tuesday, June 3, 2014

The Biggest Stock Market Crash in the History of the World

For 3 years, I have studied international law and the right of self-determination. As the right of self-determination is a right entitled to all peoples everywhere on this planet, there are a few keys to self-determination. One of these keys is financial self-sustainability. Financial self-sustainability requires the fundamentals of financial literacy and a lifelong-improved acumen in business. As the world becomes more globalized, the rules have changed to where if we do not accept that global enterprise is the only way to go to be self-sustainable, we will simply be left behind. If we do not wish to become a victim of these new rules we must change our personal paradigms.

In 2002, I read a book that predicted the the real estate bust in 2007 and the biggest stock market crash in the history of the world to happen circa 2016. This book was Rich Dad's Prophecy by Robert Kiyosaki. Most people did not believe me when I expressed this newfound knowledge because I was 16 when I read the book and what did I know about the business world as an inexperienced teenager? All I can say is that I sometimes seem to be ahead of the curve and my struggle has been to educate enough people who want to be educated and that seems to be where I need to be ahead of the curve this time around. 5 years after reaching Rich Dad's Prophecy, I find myself in Iraq and the news reported for weeks that the market went through the floor and tens of thousands of people lost their jobs. Now that people lost their shirts in 2007, fewer are doing anything about 2016 with the information public.

(Rich Dad's Prophecy)
In 2016, the first of the eldest of the 75 million baby boomers will, by law, be forced to start selling off their 401(k)'s. This makes savers with their savings locked into 401(k)'s, losers, because they will be some of the first to suffer in this calamity. The market will not be able to handle so much instability, so the United States and the world will feel the biggest stock market crash by 2019 in the history of our civilized world. The magnitude will be felt well beyond that of the Great Depression of the 20th century. The question is, what are we doing about this and what should we be doing about this? Most of us are not doing much of anything really at the moment. We are looking for crappy jobs in a crappy economic state to sustain our crappy financial picture. Can we say crap?!

What we should be doing about this is learning how we can prepare ourselves in advance of this economic downfall. 2007-2008 was nothing compared to what is upon us. That alone should motivate the daylights out of anybody to start getting their butts in gear. At least 95% of us today are financially struggling. This means we need to change our financial habits if we want to change our financial picture. Since nature abhors a vacuum (empty space), "change" is the key word of the day. Not many people like change, but the people who do often see the immediate and long-term benefits. The best of these benefits are realized when we change from bad to good habits.


(3 Types of Education)

No comments:

Post a Comment