Tuesday, April 10, 2012

Seven surprising predictions for 2012 - 2013. Hang on tight!


My name is Will Hope and I call my periodical The SOB Journal because it reflects the times in which we live.

Thus, when we were kids, we all believed in Santa Claus until we learned it was just make-believe. Later, most of us swallowed another fairy tale: Washington was wise, trustworthy and would look after us when we needed help.

It’s mostly a myth, of course. Washington is corrupt and dysfunctional, and the federal deficit has spiraled way out of control (See box “Into the abyss.”). Meanwhile, Europe’s situation is steadily worsening (23% unemployment in Spain, and growing), the global economy is coming apart, and the worldwide debt situation is reaching a climax.






     
  Into the abyss  
 
Here is the Federal Government’s current fiscal year:

• United States tax revenue.................... $2,170,000,000,000
• Fed budget: ........................................... $3,820,000,000,000
• New debt: ............................................... $1,650,000,000,000
• National debt: ...................................... $14,271,000,000,000
• Recent budget cut: .................................... $ 38,500,000,000

Now, remove 8 zeros from each line and pretend it's a household budget:

• Annual family income: .............................................. $21,700
• Money the family actually spent: .............................. $38,200
• New debt added to their credit card: ....................... $16,500
• Outstanding balance on their credit card: ..............$142,710
• Total budget cuts for coming year: ................................ $385

BOTTOM LINE: The southern European nations are plunging because their public debt got hopelessly out of control. Blame a generation of failed political leadership and the greedy citizens who elected them, and kept re-electing them.

America is rapidly heading in the same direction. Where will it end?
 
     





Can America avoid this mess? No, because we’re already in it. And if the Europeans go down, they’ll drag everyone else with them. Or if/when there is conflict with Iran, oil will hit $200 and we’ll have a financial meltdown. Or … whatever. In this unstable world, the unexpected happens all the time.

Besides, how can we significantly cut our $1.6 trillion deficit without setting off a major recession? It’s not possible. But there’s something else.

Severe recessions create enormous transfers of wealth. Most people lose as capital and credit shrink, values drop and business gets tougher. But that also creates huge lifestyle changes that drive endless innovation: new ways of living, and making and saving money.

In other words, we’re forced to change, do things differently - but somehow you don’t hear about this.


Fresh thinking … new ideas.
With everything changing so fast, so quickly, it's easy to become obsolete - especially when it comes to making money and deciding on a career. Just ask those recently graduated young lawyers, loaded with debt, what it’s like trying to find a well paid position.

SOB would suggest that you take a fresh look at everything in your life, apart from your core values, and consider just about anything. Thus

Light Facebook and Google are creating scores of home businesses that can net $500 - $2,000+ weekly. Little or no start-up capital, no specialty skills required, and it’s a lifesaver for hundreds of people. Small town, large city, it makes no difference. SOB has a social networking genius to keep you updated with the latest online money-makers before they become available.

• A fast-track way to move your family to resource-rich Canada. Why not? There’s a strong economy and financial system, good employment market, almost zero-cost healthcare and a sane way of life. You think the country is all snow and ice?!! Hardly. Temperatures where 90% of Canadians live are the same as the northern states - they even tee - off year-round in Vancouver.

Dare to try something REALLY different? We know a business activity that used to be outside the law, now “gray” and unenforced, that’s netting some people $1,000, $2,000 weekly, occasionally much more. Initial startup capital: under $1,000. Few competitors, and your product sells purely by word-of-mouth.

There’s an ingenious way to ‘bury’ personal debt, leaving no discernible trace on people’s credit records. They say it can’t be done but that’s BS. Desperate times call for desperate measures, and a rogue banker shows how it's done.

• Luxurious condos in Greece, Spain and Portugal are sinking towards 15% of their former values. Islands in the Aegean will be selling for a few thousand dollars, which would have cost $200,000 five years ago.

Think Germany of 1923, when it took 200 billion marks to obtain a loaf of bread, and people sold priceless family heirlooms for the price of a meal. Now it’s starting again - though not in Germany - and spreading throughout southern Europe. Feast for vultures.

Financially trapped and forced to cut your losses? Last year over 20,000 families simply disappeared and created new identities … new lives. We won’t moralize on whether you should or shouldn’t do this - but a disappearance “specialist” shows how to do it if you’re desperate.

… and so on. The SOB Journal is about practical survival and whatever-it-takes opportunism from sources you could never otherwise reach.

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