It is becoming increasingly apparent that the U.S. economy is heading for complete and total disaster. State and local governments across the nation are uncontrollably bleeding red ink. The federal government has accumulated the largest debt in world history. Every year we buy hundreds of billions of dollars more from the rest of the world than they buy from us. That means that we are getting hundreds of billions of dollars poorer as a nation every single year. Meanwhile, thousands of factories and millions of jobs continue to be sent overseas as American cities turn into post-industrial wastelands. Incomes are down, unemployment remains at depressingly high levels and very few of our politicians seem to have any idea how to fix things. Yes, things are really, really bad. So what are some things that we can all be doing to prepare for the coming financial apocalypse?
Well, the truth is that we all need to start becoming less dependent on "the system". If the economy does completely fall apart at some point, your employer is probably not going to take care of you. Neither is the federal government – just look at what happened in New Orleans after Hurricane Katrina. In the end, you are going to have to take care of yourself and your family.
So are you ready?
Now is the time to prepare. If you wait until things totally fall apart it will be far too late.
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