Monday, April 25, 2011

FEAR OF GLOBAL FINANCIAL FAILURE -- NOT NECESSARY

Many of you are feeling fear of global financial failure.

Honestly, the fear you are feeling is about something that already happened.

The financial mess was a mess caused by the sudden drop in the money supply. The money supply problem then triggered a one to two year financial crises, which is now over.

Those of you who ignored the carefully worded warnings about "getting rich quick means the possibility of getting poor quick" have to start over. You may have to sell your real estate short, losing the down payment(s) that you made. You may have to find a lower paying job because your job was funded by the fake real estate boom. If you sold your mutual funds during the crises, you may never recover the loss.

But the rest of the world is moving on. You also will have to move on.

Many of us have lost everything at least once in our lifetimes. We know that is it possible to start over. Actually, things are often easier the second time around as one did hopefully learn something from the first failure.

This is the US. We believe in second chances.

I will guarantee you that if you dwell on the past, you will miss your future.

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