Recession Trends: Worse Economic Crisis since the Great Depression, by year 2010, one in two will loose their job. Your friends just lost their jobs, you are a good employee so you won't loose your job. Right?
Lets look at history...
Excerpts from Prophecy by Robert Kiyosaki, Statements from Warren Buffet and George Soros shows the following trends.
History has already demonstrated that an economic recession is inevitable every 12 years cycle and it usually takes 2 years to build up.
The interesting point is that before the market slows down, there is usually also a bull run.
All it takes is for an event to trigger that market crash.
We are already heading for the next recession.
If you survived the last recessions, congratulations!
However, it is predicted that the economic depression happens every 60years. The World War II reset the clock and the next economic slow down is not only going to be a recession but a depression as it was in the 1930s.
What is likely to happen?
As you already witnessing it, there is a global shortage of food. Does it mean we won't have supply of food?
But as the shortage heightens, the prices of food will escalate. How many people from the average income group will afford it? What if they also lost their job?
So, who is at risk?
If you are above 45 years of age, you are at risk.
It's because, companies have not choice but to hire cheaper labour to survive. Unfortunately, young graduates are cheaper and work fast.
In fact, it is predicted that you or your spouse may loose your job.
A wise man once told me, learn to earn your income without your job and during bad times you will do well. For every crisis lies great opportunities.