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Article Directory :: Business - General Articles
Some of us are struggling financially, since our economy has changed for the worse recently. People have lost their jobs, or they are worried that they might. There is no doubt that families and individuals have cut back their spending to more sustainable levels. In short, people are looking for bargains in just about everything they buy.
According to Nassim Taleb, author of 'The Black Swan' The financial system is crashing and action must be taken by the US government to convert debt into equity to produce a more stable environment. He says 'We're in the middle of a crash, so if I'm going to forecast something, it is going to get worse, not better.'
In other words Spending is out of control which in turn is creating massive debt. The current administration needs to cut-back on spending. Personally I don't think this will happen. Congress has no leadership or awareness apparently on where this financial crisis is taking us!
Retired General Colin Powell, "expressed concern recently that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much".
"Mr. Powell is also quoted as being concerned at the number of programs that are being presented, the bills associated with these programs and the additional government that will be needed to execute them,"
Mr. Powell expressed alarm at "budgets that are running into the multi-trillions of dollars" and "a huge, huge national debt that, if we don't pay for in our lifetime, our kids and grand kids and great-grandchildren will have to pay for it."
Here is what Lawrence Kudlow said recently. "After nine months of explosive monetary and fiscal stimulus, you'd think economic recovery would be upon us. But the June jobs report tells a much different story."
My concern is that unemployment is just going to get worse and no improvements in the immediate future.
The picture of economic progress is dim. Especially when you consider the fact that congress is considering nationalizing health care and cap and trade. I call it cap and tax which is what we don't need in this current downward trend.
You can find lot's more disappointing news if you follow the business news reports of different people like I've mentioned above.
Enough of the negatives tho concerning business, employment and Government spending. Let's be positive and let me suggest a solution to this so called crisis.
You could consider venturing into a low cost but very lucrative home based business. A 'work in your underwear' system so to speak. It's important, especially if you don't currently have a job, to check into the feasibility of a network marketing program.
You need to consider a high demand product, low-start-up cost and use ideas for marketing that doesn't take a arm and a leg to start. With the utilization of webinars, free advertising, writing articles and the desire to help other people is a proven concept resulting in great results.
Do you want to learn more about how I run my home based business online? I have just completed a brand new marketing system. You can see it FREE here Fred Smith is a veteran home business person who is revolutionizing the way business is done on the Internet by creating a community, building friendships and establishing trust. Fred uses this unique system to distribute his Articles
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