Failing Economy = Massive Opportunity! Making Money In Down Times

The Reality of it All

One by one, U.S. and global leaders are lining up to talk up their respective schemes to end this once in a lifetime economic collapse. Collectively they are putting on a unified road show to ensure us pawns that the trillions upon trillions being spent on massive, never-before-seen global bailouts will in fact work, and will save us from the oncoming freight train that is the Second Great Depression.

Listen and listen carefully folks; don’t believe a single thing they are saying. Let me put it this way; if their lips are moving, we are being lied to.

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Here’s the truth of the matter. One by one our largest and once most respected mega- companies are becoming insolvent, and there is absolutely nothing that can be done to stop the process.

The debt levels and derivatives held against this debt are just too overwhelming. In a period of unmatched deleveraging, where bank financing is nearly impossible to obtain, corporate America, the entire corporate world (outside of China), and individual funding is simply unattainable.

Remember when Circuit City had to liquidate because a buyer could not be found and additional financing was impossible, causing 30,000 employees to lose their jobs essentially overnight?

Now, extend that same process to thousands of companies worldwide and you get an idea of how ugly things are about to become. AIG, Lehman, Countrywide, Merrill Lynch, Citi, Bank of America, and Bear Stearns (just to name a few) have either completely imploded or are in the process of completing the implosion process.

Worldwide we’re talking about $30 trillion in wealth that’s been destroyed in less than 12 months. Incredulous to even fathom isn’t it?

And next up are GE, which has seen it’s market value drop from $500 billion in late 2007 to just $60 billion today. GE is literally days away from becoming a penny stock, and another of our latest zombie mega-companies. MGM, which has seen their share price drop from over $100 in October 2007 to just $2 today, now faces bankruptcy and a possible liquidation as well.
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Over the next 12-24 months this sordid story will repeat itself over and over again.

The money to fund our bankrupt system and lifestyle is gone and won’t return for years. Sure, our fearless (and powerless) leaders will continue to intervene and attempt to stop the bleeding, with trillions of tax dollars that our kids and grandkids will be on the hook for.

But just like the 1930’s their efforts will fail, and beyond failing, will indebt a generation for decades to come. All the while the sheeple will continue to fall in line, lockstep…all the way down. Make no mistake about it, this is the path we are headed down.

Massive Opportunity Awaits!

Yes, in spite of all of this enormous negativity, the opportunity for those that have the courage and wisdom to act now is greater than ever.

Start your own business, live beneath your means, make smart decisions with your money and your lifestyle, and above all else, abandon the lemming mentality that continues to enslave those that follow the crowd.

Make the decision today to become the “smart money”.

More wealth was created coming out of the Great Depression than existed before it began…there’s no reason that this cannot be your future.

We highly encourage everyone reading this to visit our website to gain access to the cutting edge ideas from our team of world class experts on everything from Internet Marketing to Financial Education... it will empower you to change your life forever.

www.MyMillionDollarMentors.com

Warning! 7 Startling Facts That Could Rock Your Financial Future

What follows is very important…

Unsteady economy, failing banks and an uncertain financial future has many of us running for the hills. Mark and Kelvin discuss some of the issues facing our Global economy and what you can do to ensure a secure future for you and your family.

Unless you already know... Bank of America and Citigroup could fail despite the most radical government rescues of all time. Right now, after recent close calls with instant death, these two megabanks are on life support, receiving massive transfusions of government capital. But they’re still hemorrhaging, and no one in Washington has found a cure.

To refresh your memory, already they have received capital injections of $90 billion ($45 billion each). Oh yeah, one more thing: To date, this bailout is larger than the total combined capital of PNC Bank, Suntrust Bank and State Street Bank — all among America’s ten largest.
Yet, ironically, that $90 billion is still a drop in the ocean compared to their massive exposure to risky assets.

What’s more… how would you like to see it for yourself? The shocking facts revealed in the banks’ condensed version of its own balance sheets demonstrate the enormity of problem:

What We're about to share... are the facts

Fact #1. Too big to save. Bank of America Corp. and Citigroup, Inc. have combined assets of $3.9 trillion, or 43 times the size of the Treasury bailout funds they’ve received to date.

Listen up: that’s not the worst of it!

Fact #2. Bigger losses ahead. Even before any further declines in the economy, an unusually large portion of their assets are already in grave jeopardy — commercial real estate loans going sour, credit cards loans tanking, auto loans sinking, and residential mortgages turning to dust. Now, if you’re reading this, you’re probably already thinking… where’s the bottom? Do you understand what this means? As the economy continues to tumble, avoiding much larger losses will be almost impossible.

Fact #3. Big derivatives players. Bank of America and Citigroup are the nation’s second and third largest high-rollers in the derivatives market, with a combined total of $78 trillion in these bets outstanding. To demonstrate, that’s over ten times the derivatives that Lehman Brothers had on its books when it failed last year.

Hang on… if you have just two more minutes, it get’s worse!

Fact #4. They’ve bet far too much on each other’s failure. Bank of America and Citigroup are also the second and third largest participants in the most dangerous derivatives of all — credit default swaps. These are the big bets that financial institutions make on the failure of other major companies. But participants in this market are like shipwrecked sailors in a sinking lifeboat betting fortunes on who will live and who will survive: If a company bets too heavily on failures and too many companies actually fail, who’s going to make good on those bets?


And unfortunately, betting on each other’s demise in huge amounts is exactly what the nation’s megabanks have done. At their latest reckoning, Bank of America and Citigroup held credit default swaps with notional values of $2.5 trillion and $3.3 trillion, respectively.
Total between the two: An astounding $5.8 trillion!

This number is not directly comparable to capital. But just to give you a sense of the magnitude of the problem, Bank of America and Citigroup’s combined credit default swaps are more than sixty times larger than the $90 billion they’ve received so far in capital infusions from the Treasury Department.

More Facts...

Fact #5. JPMorgan Chase is not far behind. Right now, Washington and Wall Street are still counting on at least JPMorgan Chase to pick up the pieces after major failures and shotgun mergers. Among the three megabanks, JPMorgan Chase is actually the most heavily leveraged, with over 400% of its capital already exposed to the risk of default by trading partners. Bank of America’s and Citigroup’s exposure (177.6% and 259.5%, respectively) is also wild, but JPMorgan Chase’s exposure is obviously far greater.

Fact #6. JPMorgan Chase’s derivatives could double the size of the banking crisis overnight. On the day that JPMorgan Chase needs to join the ailing Bank of America and Citigroup in Uncle Sam’s intensive care unit, the derivatives mess doubles immediately.
Reason: The bank has $9.2 trillion in credit default swaps, almost twice as much as Bank of America and Citigroup combined.

Fact #7. Stocks crashing. Shares in failed banks are worth zero, and that’s where Bank of America’s are headed. Citigroup’s are already close, making it almost impossible for the company to raise capital from investors.

In light of these facts, how can the government save America’s megabanks?

Wall Street is hoping that the Obama administration will create a separate, government-run “bad bank” to take bad assets off their hands. And some pundits are even proposing that the U.S. government nationalize the big banks in trouble. But …

• Neither approach addresses the obvious reason our nation’s banks are in the ICU to begin with: Excess debts and risk-taking. In fact, these “solutions” would merely pile on more of the same. Meanwhile …


• Both approaches spread and transform the contagion from a Wall Street debt crisis into a Washington debt crisis, as the federal deficit explodes to as much as $2 trillion in fiscal 2009.

Our Forecast: Washington Will Ultimately Lose This Epic Battle!

No matter what the government does, it cannot patch back together the busted market for mortgages, derivatives and especially credit default swaps. It cannot stop a pandemic of loan losses among large AND small banks as the economy sinks and traditional bank lending goes bad.
It cannot stop the contagion of falling confidence, fear and panic. It cannot outlaw gravity or stop investors from selling. Nor can it turn back the clock and reverse years of financial sins.

Now, we’re probably not telling you anything new here, but just the same, don’t count on Uncle Sam to save your bank, your business, or the economy. Look to place your hard earned money into opportunities that will build wealth. Above all, focus on building up your OWN resources and finding alternative sources to unleash the power of income or profits… more info

Thanks for visiting our blog and we hope we have provided some valuable insight on our current economic woes. Visit our site for further information on securing your financial future and taking your wealth to the next level in these ever changing times.

The Home Business Two-Step?

The Home Business Two-Step....the first step is to buy in and of course the second step is to spend all your money, go into debt and fall flat on your face!

Okay, so maybe we're being a bit cynical here, but the harsh reality is that many people fail miserably with their home business efforts...they do the "two-step" mentioned above!

Ever wonder why that is...?

There's a very simple answer, which is that most people are sadly not cut-out to own a home business and they have been duped into believing that they will earn with out having to learn...that it will be easy for them to be successful without learning a NEW SKILL SET!

It's no secret that starting a business is tough! However the good news is that while you may not be cut out for it at this very moment...that does not mean that you can not learn! We tell people everyday that if you're willing to learn the skill sets that we teach...(and truly take them to heart) its pretty hard to NOT be successful.

Do you understand what that means for you?

That means that with the right skill set, good mentors and a system you can plug into...that you have a fighting chance of being a winner in the home business industry (more on this later).

Taking notes? :)
So we're assuming that this is making sense for you, that most people are pre-disposed to idea that starting a home business is like a job...you just show up and you earn money...BELIEVE THAT AND YOU WILL BE ONE OF THE CASUALTIES OF THIS INDUSTRY!

So lets expose the 3 vital elements of avoiding the home business "two-step":

1) Expect to have a large learning curve where you find yourself overwhelmed and out of your comfort zone


2) Understand that embarking on your home business journey is a growth process...you start with the basics like setting up your business infrastructure (websites, domains, auto responders etc) and work your way into building your pipeline (i.e. driving traffic to your site). If you expect success in your first 30 days you'll have a rude awakening coming soon!


3) Drum roll please......."Systems work while people fail." You must be able to plug into a system that allows you to duplicate your success. This is crucial and will require another post all-together, however without the ability to duplicate your home business you'll find that your efforts go unrewarded in many cases.


We make no bones about it that these 3 points are the difference between success and the dreaded "two-step". Follow the link below where we show you how you can plug into a system that provides you the skill set, the tools, and the ability to duplicate your business for massive success in the Internet Home Business Industry!

Click Here For More...