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How The Bushed Obama Economic Bailout Plan Benefits You.

February 10th, 2009

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First of all this “bailout” is a short term fix and a long term train wreck because we are borrowing from ourselves giving it out and paying interest. Who is going to pay us back? We are. The Clinton administration used the money supply starting in July 1998 to add $1 trillion in new money and new debt. President Bush spent more than any other President during his 8 years plus he needed to impose a near $750 billion bailout last September. Now Obama is spending nearly $900 billion. This adds up to $1.65 trillion if you add in Bush’s bailout for 2008.

            I really don’t see any belt tightening going on by any government agency so this trend will continue. Dollars go out, nothing of real value gets returned and we are left with nothing for our money….which we have to pay back by the way. The temporary fix is over, jobs are lost again, the economy folds and the cycle starts all over again with another bailout. This time it will take $2.5 trillion or $3 trillion.

            How do you take advantage? Soon, most of us will wind up working for the government being paid in currency that is completely worthless. The more revenue streams we can create, and the more debts we pay off, the more real assets we will own. And when money is near worthless, the only things of value to own will be land, gold, jewels and your skill in a revenue generating business. Attaining this skill is imperative when jobs are scarce and will provide financial freedom

            Society is going through a major change to the information age. There will not be an abundance of jobs like there were before. The transistion is painful. Learning the marketing skills now that can help you earn money online quickly can generate revenue now and in the future. Turn your computer into your own personal cash machine.  You can be prepared for this crisis better than anyone. If you play your cards right, you can be debt free. And the next bailout you can be flourishing while most others are struggling.

 

Entry Filed under: Business