I'm pretty sure I started warning everyone that this was coming...back in late summer of 2016. Then the "reports" came out after the close of the 3rd and 4th quarters of 2016 substantiating everything I said: that the "sub-prime" credit bubble was set to burst. Again.
The reports were worse than ever this time last year when it was reported in the 4th quarter of 2018 that our sub-prime credit bubble was worse than previously thought before.
And now, a year later, the numbers are worse than ever before, even to the point where Warren Buffet decided to sell off his stake in Wells Fargo, a noted sub-prime lender of all kinds of sub-prime debt including car loans, signature loans, home mortgages, etc.
Apparently nobody learned ANYTHING from pre-2008. And if they did learn any lessons, they've certainly forgotten them already.
As of the close of the last fiscal quarter, approximately 6 million people (all with credit scores below 620) were 3 or more months late on their car payments. Even worse, car loans are STILL being made to people with FICO scores of around 520. These people shouldn't be given a loan for ANYTHING let alone a new (or used) car.
And yes, banks have already restricted lending on -- you guessed it -- REAL ESTATE because they have to start hedging their bets against the astronomical losses on all kinds of loans that they're already taking.
This would be REASON #1 as to why and how our economic conditions will suddenly show signs for the worse.
So...what would be the second reason?
Remember that "trickle down" economics theory? You know, the one that NEVER works the way anyone tries to "sell" it to the American public that it will? Well, your large corporations like Carrier are laying people off because, well...they would like to keep EVEN MORE of their newfound profits. Why stop at just paying LESS in corporate taxes? Why not lay unneeded workers OFF to keep EVEN MORE money? As Homer Simpson would say, "Duuooh!" Yes, after the fact, it kind of IS that obvious to those of us who actually have a few working brain cells in our skulls.
The final reason is -- as something I've been talking about for YEARS now -- plants, manufacturers, and even RETAIL businesses are starting to AUTOMATE anything and everything they can.
Case in point, Amazon has been promising jobs left and right to be able to get local tax breaks AND promised incentives to park their new distribution centers in a wide variety of areas including economically-stressed places like Detroit. What they'll generally do is make a load of promises on jobs, get in there, and every-so-slowly hire people in...probably with no intent on keeping up with the promised job numbers. At least not any time soon. For example, they have a new 1-million-square-foot warehouse in the Midwest in which they promised 1,000 new jobs. First of all, a warehouse THAT size should command many more than just 1,000 jobs. But even still, they didn't hit the mark on hiring all these people. Not yet. Will they? Who knows?!
Walmart and many other companies are cutting back staff and employees for automated technology. And I've been sending out this warning for a long time now.
In fact, if I owned a bunch of fast food restaurants -- say McDonald's -- and I was suddenly hit with this new $15-an-hour minimum wage requirement, I'd GO INTO DEBT for the next 10 years buying new automation equipment than to cheerfully give a bunch of career-burger-flippers a full-time position at $15/hour for...flipping burgers. Ridiculous. If anyone ever thought that kind of job was supposed to be a career giving them a "livable" wage, think again...and maybe go back to college while you're thinking.
Back in my day, getting a McDonald's job was supposed to be for those of us still living with our parents. It was supposed to be a side thing that we did after school and on the weekends while we were in high school for some pocket cash. It was NEVER meant to be a "career" by any stretch of the imagination. So, all these dim-wits who think that a job like flipping burgers at McDonald's IS supposed to be a long-term career...well, those people are all in for a very rude earth-shattering awakening when these business owners start thinking like I do and that is to AUTOMATE and REPLACE as many human workers as possible.
After all, why deal with the employee liability when you don't have to with a robot? No more calling in sick (and taking sick pay), being rude to customers (including spitting in the food), dealing with sexual harassment charges or other possible bogus claims, having to shell out on unemployment if they are "not rightfully" terminated or laid off, paying for insurances (health and Worker's Comp)...and on and on it goes with human workers. With robots, all you need is an independent contractor to service the equipment once in awhile and...there you go! No inconsistencies in performance, no liability, no additional expense...no nothin'!
TREND ALERT: If you're paying attention to what I'm saying, you'll realize that being in the "robot biz" is where it's going to be at now and in the future.
If you recall -- post 2008 years -- our economy shifted in such a dramatic way, even eliminating certain industries altogether AND IT'S ABOUT TO HAPPEN AGAIN!
Are you prepared for this?
The BEST way to prepare is to be able to PROFIT from the changes and drops that are coming up.
And I have an answer for you.
CLICK HERE for the answer that will LITERALLY be the answer to your prayers when the sh** hits the fan (which is happening NOW if you're paying attention).
There are A LOT of people (especially those who are part of the Millennial generation) who feel self-entitled...to everything.
They don't want to work hard. Or work at all. But yet they want a paycheck. For doing very little...or nothing.
They want to go from a ZERO to a BALLER in a few weeks' time...without doing much work.
This is what I like to call the "lottery ticket" mentality.
Except this group of people is either too lazy or cheap to go get the $1 lottery ticket in the first place!
My assistant Holly turned out to be one of these people. She's a self-entitled "the-world-owes-me-a-living-because-I'm-breathing" lazy and unskilled Millennial who wanted to start with my company and move from the "mail room" to the "corner window office as company CEO" within no time flat.
And because I won't allow for anyone with little skills to make that kind of leap without...well, first LEARNING THE JOB and then BUILDING SKILLS OVER TIME...she decided that she would just TAKE the CEO pay for herself as she ran payroll...starting from about March and ending in September when I fired her. She was making as much money as I was making from my own company when I looked at all the payroll records of what each of us were being paid.
Except that Holly doesn't have nearly the skill set to be earning what I earn from my own company as CEO.
She can't write a business letter to save her life, let alone a sales letter. She can't build a website. She can't sell anything. She can't create products, speak at seminars, or do the myriad of other things I do.
She can sit at a desk, answer the phone, and do data entry in Excel or QuickBooks. And that's about it. Yet she wanted to be paid a much higher paycheck for her menial position thinking all the while that she deserved her self-imposed pay raise...without my authorization, of course.
Even more tacky, she was telling some of my long-time friends at some of my events that I wasn't paying her enough money. Huh? Bitch, you just started working for me only a few months back. What the hell do you think this is??
Since I cannot comment about the legal aspects of this case, I will say that I was deeply hurt and blindsided by her fraud and embezzlement because I did consider her to be a friend. (Perhaps that was my mistake.) But, it goes to show you that those who try to befriend you (in the capacity of an underling such as an employee), it's solely for the purposes of full-fledged manipulation and taking advantage of you down the road.
As with, what I discovered, was the premeditated intention that she had with me.
Perhaps this is why she invited me out to "hang out" or to watch movies at her house. She figured that if she got close to me in that way, I'd let down my guard and I'd trust her...allowing for her plan of theft to be played out in its entirety. It worked. For a short time, anyway.
But I did warn her...as I warn EVERYONE who begins employment with me:
"You may take me for a fool today...or tomorrow. But if something is amiss within my operation, I ALWAYS figure it out, sooner or later. ALWAYS! And nobody gets away with anything with me."
And she won't get away with this. At all! (More to come about this...I'll keep you posted.)
So now I'm in the office, steaming. In fact, if I looked in the mirror, I'd probably see a red face (much like the angry red Emoji face) with steam coming out of my ears.
Of course, with all negative energy...more negative energy attracts itself to me. And now to I have to deal with a couple of jerk-off students who sent me emails, essentially telling me that the world owes them a living and since the world isn't giving them the living that they believe their automatically entitled to, they're mad...especially at me for not parting the waters for them. (Since I must be viewed as a magical wizard by some.) Once such lame-oid is too lazy to follow a very clearly laid out SIMPLE set of instructions that my investor partner presented for all partnership deals. So, because she's lazy and doesn't want to do the stuff on the list, she's deciding that she wants to get irate with me. Don't get irate with me because you're lazy and don't want to follow SIMPLE instructions! Don't get mad at me because you order courses and videos from me, decide to do NOTHING with it (because a leprechaun didn't pop out of the box to DO the stuff FOR you), and then demand a refund while REFUSING to send any of the stuff back to me.
So, guess what, Lazy Lady (and you know who it is I'm talking to), look at the OTHER students who AREN'T complaining, who are just DOING the work, and who are becoming HUGELY SUCCESSFUL because they're working the steps in the system! See how easy it is when you STOP BITCHING and START DOING?? Loser.
These are students that go on what I call a BLACKLIST. Yes, I do have a BLACKLIST in my office. It's not very long but some students end up on this list and they're not allowed to do anything, order anything, show up at anything having to do with me in the future. It's an IMPOSSIBLE LIST to get off of. I never relent when it comes to people begging (and they all end up begging at some point) to get off that list. (Word to the wise: DO NOT GET ON MY BLACKLIST!)
Now, to be CRYSTAL CLEAR, not all of my money-making systems are for everybody. And this one (the one you'll find when you CLICK HERE) is no exception. In fact, it's probably for FEWER of you than any of my other money-making opportunities that I offer.
The awesome thing about this investment plan is that the steps are so simple, most people can figure this out pretty quickly. So...people with rocks behind their ears WILL have problems following these basic instructions, as they probably do with every other basic thing in their lives. So, if you're looking for an opportunity with simple steps, this is something you definitely want to consider. However, IF you cannot follow simple instructions, don't bother looking into this further. It's not for you!
Only you know which category you fall into. Are you in the Simple-Instruction-Following Category? Or the Dumb-Ass-NON-Instruction-Following Category?
If you're in the Simple-Instruction-Following Category then you can get money from my investor IF you apply and IF you follow the simple instructions provided.
Since that encompasses you, I recommend that you CLICK HERE to check this out. You'll know right away if this is something for you. Or not. Either way, I won't be offended.
I think we're all clued in on what's been happening these days (especially all the shootings...happening everywhere now) and...it's pretty bad. Isn't it? And there's nothing left to say really in situations like this where the violence is just getting worse with each passing year. It kind of makes one pause and take a step back to figure out where all this is coming from.
First of all, my condolences to those who have sustained losses in ANY of the recent violence that's been happening lately. I actually know more than a few people who were directly involved in or at shootings in the past couple of years. And even though they've all escaped physically unscathed...psychologically...well, that's a whole other thing altogether. Others, however, didn't fare well or at all. And it makes you grateful for every moment alive you have since you never know when it'll all be taken away!
I get why most people are depressed and feeling hopeless in today's times. I understand isolation, loneliness, and a feeling of disconnection from fellow human beings. I get all that. Because that's just the world we are living in now.
As time goes on I'm noticing that people are feeling more frustrated, more disconnected, more angry, more helpless...and more out of control. I believe this is why people are doing these things. I may be wrong, but that's just my general assessment. The more off-balance we are becoming as a world, the more these things will not only continue to happen but will happen with greater frequency while more and more people's lives are taken in each incident as these crack-pots get more "creative" in how they can take even more people in one fell swoop.
Pretty soon, people won't leave the house anymore. And the terrorists (foreign and domestic) will have won.
So, what's the solution to all of this? Is there even a solution?
I don't know.
The REAL question is this: "How do you stay focused while completely balanced and [gasp] even HAPPY in the midst of all that is going on in the world today?" I suppose the true answer differs greatly from one person to the next. For me, I've found that I have to have a deep sense of purpose in what I'm doing, mainly in doing FOR OTHERS and not really for myself. I suggest the same for you. Find some purpose, even if it's just being there for your family and friends. It doesn't have to be this huge sense of purpose to be relevant. Seriously, you don't.
When I was doing my last seminar in Vegas (which was last month), I noticed that there was a common theme among many of my students which, before, I would condemn. (I don't anymore.) And that is this: "I just want to make money doing anything so long as I can spend more time with my family while being able to afford to travel and do the things I want to do." While before I thought this was kind of shallow, I later realized that this is exactly what everybody is after. And, perhaps, if EVERYBODY was able to work less (having much less stress) working for themselves (having a sense of CONTROL over their lives) and be able to spend more time with their friends and families traveling and doing what they want (having a better sense of CONNECTION), perhaps everybody would be more BALANCED and more "zen." And zen people don't go out shooting people. They just don't.
If you want to check out something that maybe YOU can use to gain quick financial control over your life, CLICK HERE! After all, everybody is looking for more control and balance. And you're probably not getting that now. But you can.
In the meantime, stay happy and healthy, my friend. Life is too short to be sad all the time.
Earlier this year I mentioned that this was going to be my year of power. And it is. It's been pretty amazing so far. But not only is it MY year of power, it's also yours as well...IF you want it to be, that is.
Sometime late last year I decided to no longer be a victim as a usable doormat to people anymore. And I decided to stand up in every situation I felt was wrong or wasn't working for me. Of course, this makes me a lonely person with very few people in my life but that only means all the loser deadbeats are now gone. When I'm ready, I'll have to start lining myself up with some awesome people. Right now I'm on a mission to do bigger and better things business-wise.
So...what was my latest conquest of power?
This past year has given me a couple of "closures" on some lingering issues that are finally over. One was my family court hearing where I finally financially nailed my daughter's father to the wall after meticulously playing this legal chess game with him for the past several years. Guess I'm better at chess than he is. Some of us realize that a war includes many, many battles while others think the first battle is the wholewar. The smart ones focus on each battle one at a time. The dumb ones focus on just the first one or two then lose the rest because they aren't in it for the long haul or they quickly run out of steam. So...I won. He lost. It happened exactly how I planned, just took longer than expected. And there you go.
The second thing...I can't really talk about. It's too personal. But, needless to say, I wasn't going to be played for a fool while letting the player get away with it as he trotted off into the sunset to go play some other sucker. So, by the time you're reading this, his entire life is beginning to fall apart at the seams. Don't feel bad for him. He freaking deserves it. Maybe he'll think better next time before screwing over somebody who won't put up with it. (And no, you don't know who this is so don't make assumptions about it.)
With that said, I have this feeling of great strength now that I finally closed a chapter in my book of life and I'm starting to begin to write a new one this week. When something comes to completion, it only opens up a new road with new exciting beginnings because the old is flushed away. Maybe this is what you're experiencing right now. At least I hope so. Otherwise maybe you're feeling stuck or perhaps on the wrong road in life. And that is always a sucky place to be.
So, how to do you gain your power back? How do you take the bull by the horns in your own life and guide your own path? You just start doing it, that's how. But you first need a direction otherwise the bull you have by the horns won't know where to go on your life's path.
I'll be the first to tell you the truth and that is life really IS stacked against you. It only gets worse as we succumb to constant distractions, "fake news," celebrity bullshit, political scandal, the latest iPhone release, game apps, the latest shiny penny...and then we wonder why the hell life is going so fast without us accomplishing much. If anything we are actually losing a grip, losing control, and losing at life.
Last week my attorney asked my "opinion" when really he was just broaching a conversation. He asked why I think (at his age) that life is going by so fast? He said it seemed like only yesterday when we were celebrating the New Year and now it's almost Thanksgiving. In a blink of an eye. Just like that.
I told him that I thought it was much like driving on auto-pilot. We do the same things each day, especially the older we get. We are chained to a monotonous schedule. Same thing every day. Same thing every week. Like the movie Groundhog Day. Months roll over. Then we're back at Christmas and thinking WTF?! What happened to the time?
But next year will be different, right? We'll buckle down on those Resolutions and we'll make something happen in the next New Year. Right?
That's probably what you said on January 1st of this year, too. Except today is October 16th and not much has happened with those New Year's Resolutions yet, has it?
In order to get what you want, you have to start pounding the iron with force, tenacity, and great will to succeed. Get off your ass and start working some kind of actionable plan already. What are you waiting for? And if you don't have one, I have some ideas for you to get out of that rut, out of that life of being broke all the time, and out of that cesspool of frustration and desperation that you've been swirling in. CLICK HERE and pick up as many of my things as you can (that are left) so you can educate yourself, get loaded up on resources, and finally break free from the financial rut you're in once and for all. This is pretty good stuff!
Remember, nothing changes by itself. There is no ship that just comes sailing in for you. You have to swim out to the damn ship. Or better yet, build one from scratch.
CLICK HERE NOW! This is some amazing stuff that you DON'T want to miss out on.
Please note that TODAY is the last day! No exceptions!!
The biggest frustration I hear over and over again when it comes to starting a business or investing in real estate is this:
"I don't have the MONEY I need to get started!"
But what if I told you that I SOLVED your problem for good?
That's right! I did!! (And you can thank me later by sending me a fruit basket or something.)
I have a new broker who can get you $20,000 to $200,000 even if you have shoddy credit. And this money can be used for ANYTHING including a business start-up and investing in real estate (to use as your down payment).
CLICK HERE if you want to check it out now and look for the Motherload Resource Directory or the Flip It Profit System, as both have the most cutting-edge private investors and lenders for your real estate deals.
I also have a whole slew of other stuff on sale for my very rare Inventory Blow Out because I need room in my already tight warehouse for a truckload of books to come in...and I have NO ROOM. So, you'll be getting a deal on my most coveted and highly regarded resources and systems because I need the space ASAP!
Let the coming 2020 be the year where you finally STOP making those lame excuses...and START doing something already! Time to start lining up your resources so you can take advantage of the windfall of deals that will be everywhere once our economy officially crashes (and that's happening now)!