Although we might not be in a technical recession yet, it is time we realise that the world is in recession, economic growth is weak and business and consumer confidence is low. We are still recovering from the Great Recession of 2008. People seem to think that event was a once-off event and is behind us, but we are still in the Financial Crisis and the world has changed forever.
Consumer confidence is low
Investment managers, business owners, consumers, politicians and central bankers are acting like everything is fine, but everything is not fine. We need to take drastic action or there will be more pain and suffering. How many people do you know who are suffering; are without jobs, stressed out of their minds and even suicidal because of money? These are tough times and we define this as a recession.
The US Government and the US Fed were proactive during the Financial Crisis and they took unprecedented steps to bail out capitalism, which failed and collapsed. People have not come to terms with reality. If these measures were not taken we would be dealing with Armageddon, but we are still hanging onto the cliff. The Europeans were late to the party and are still trying to catch up. The world is still in crisis mode!
Investors are worrying about the US Fed raising rates. Really?? Interest rates are abnormally low and will remain low for a very long time.
What can you do about the recession?
South Africa needs to create jobs and stimulate the economy. We cannot fight global forces. Inflation is not our main problem; a lack of jobs is. We are not creating enough jobs, falling behind the curve, and if we do not take massive action soon we will be in big trouble.
Cut interest rates and taxes now!!
Capitalism is built on debt and is unsustainable without government intervention and manipulation. This is our reality and we need to know the game, which is why we need dramatic support in to continue playing. Without it, there is no hope or life as we know it.
Some may say that there are forces who want us to live in fear in order to control us. Is there fear or greed in the world? Are people optimistic or pessimistic? Fear and pessimism equal recession.
So what can you do; gain financial knowledge, you need to understand money. Why aren’t we taught the basic principles of money at school? Financial knowledge is true wealth, prosperity and the gateway to freedom.
The rich are getting richer and the poor, poorer, because the rich understand money. The rich understand the system, the rules of money. If you are not prepared and do not have financial knowledge, you are guaranteed to suffer and be a slave to money and to those who have financial knowledge. Slave or master; master money or you will be the slave.