FINANCIAL DESTRUCTION WORLDWIDE
As the economy worsens, as more and more financial institutions fail and many more become increasingly unstable, as more and more individuals lose their homes to foreclosure and as more and more individuals find it harder and harder to meet their monthly bills and bank payments; it makes an individual driven to learn why and how this is happening. As my company expands nationwide, I am meeting new people, educating new people and of course being educated by many. It’s through this networking and continued education behind how credit, debt and finances really works that Legacy Consulting Group is able to completely and effectively Make Opportunity Reality for so many families.
I understand there are many communities nationwide, including Cheyenne, WY that are not fully being effected by the downward economic slide we are on; but these communities are ignoring facts if they think it will not affect them or become an issue in the near future. When we are facing worldwide natural/man-induced events, financial losses and current/future wars, even communities with a strong local economy are going to feel the ripple effects prior to the unexpected tidal wave hitting the communities and the people that live in them.
Why and how is this happening? I can go on and on about centuries of documented proof and historical events that have lead to these issues facing us worldwide, but that is a moot point if a person can’t see it themselves. All I can do is point you in the right direction. I challenge any and all Americans to fully and extensively research the origin of the Federal Reserve Bank, how money is originated in the U.S. and finally how it relates to the Constitution of the United States....you may be surprised at what you discover?!? Here are a couple hints to begin your challenge: 1.) A book called “The Federal Reserve System; Its Purposes and Functions”; (1st Ed) pages 74 to 78 and 177 and 180. 2.) Article 1, Section 10 of the United States Constitution. These are significant reasons if not the primary reasons we are facing the worldwide financial destruction we are. Let me give you some brief statistics on what is happening worldwide financially. The stats I’m about to give were posted on MSN Money.
The United States stock market is down almost 15% for the year and the banking system is coming unglued before our eyes. The British stock market is down 22%, the French down 22% and even worse is the Belgian market down 30%. Some close contenders in the losing financial battle worldwide are Germany down 24%, Austria down 23%, Netherlands down 21% and Spain down 23%. As we continue to look at other European Countries, it doesn’t get any better. Sweden is off 23%, Russia is down 23% as well, and Turkey down 25% and Greece is at a staggering minus 36%.
What about Asia? The Chinese market is down 31% even with the Olympics; South Korea is down 27%, Malaysia down 29% and India down a huge 43%. Japan has lost 16%, Taiwan 14%, Australia is down 21% and Singapore is down 19%.
Let’s round it off by giving stats of Latin America. Brazil is just starting to become effected with their market down only 12%, Mexico is doing better, only down 5% but Argentina has sunk to 20%.
Basically, if you just pick up a national paper on any day of the week, you’re going to see worldwide, synchronized economic and financial destruction happening. On August, 18, 2008, Bloomberg reported that French manufacturing confidence fell in July to the lowest level in five years. New Zealand’s services industry contracted in July for the fourth straight month. Sales at Japanese department stores fell in July for the fifth straight month. Finally, Singapore’s overseas shipments dropped in July for the third straight month as companies shipped fewer electronics and drugs to customers in the West.
Now I understand that some may call this article a pessimistic stance on the economy locally and worldwide. However, if a person truly understood how credit, debt and finances really work, we would not be educating our children how to only become cash poor, how to become a slave to this fast-paced financial world and we as Americans would not be forced to live paycheck to paycheck, month to month and hand to mouth. It’s time everyone wakes up, slows down and gains enough self respect and respect for our children’s future to fully understand what has happened, what is happening and more importantly what is about to happen. I have given you the above two (2) places to start researching. Educate yourself, analyze the facts, take appropriate action and start Making Opportunity Reality!