Banks Will Do OK During The Next Crash, Butā¦
šØ Banks Will Do OK During The Next Crash, Butā¦ šØ
What about US? Look, Iāve been saying for months that the next ECONOMIC CRASH is just around the corner. Iām not psychic: History shows us that a major financial crisis has happened at least every 10 years. (The last one was 2008... Time flies!)
But in case anyone doubted weāre about to get hit, take a look at how the big banks and the Federal Reserve are planning for it. The Fed recently ran a big āstress testā to see how 34 of the biggest banks will fare during the next crash.
āThe results show that even during a severe recession, our large banks would remain well-capitalized,ā Fed Governor Jerome Powell said.
In the scenario they looked at, the banks would āonlyā lose a combined $493 Billion. Yet, according to their analysis, theyād still be ok.
But, what about the rest of us???
Banks may have what it takes to withstand the next crash but most people are not prepared at all:
- Most people are unaware the crash is comingā¦
- Most people have no plan to protect or increase their wealthā¦
- Most people are crossing their fingers and hoping theyāll be ok as they areā¦
Banks and the ultra-wealthy have always had ways (or find ways) to protect their assets that ordinary people just donāt. But that doesnāt mean everyone shouldnāt have some kind of a strategy.
The fact is:
āThere are winners and losers in every financial crisis.ā
Most of the winners were rich already and had access to shelters, loopholes and the best financial advice, and most of the losers were hardworking people who did nothing and got burned.
But there are always a handful of regular folks who look for opportunity and actually make more money during a crash.
One great way to make money even when the economy is crashing is to start the right business.
Notice I said the ārightā business.
Obviously some businesses suffer during a crash or even go under. But the kind Iām thinking about will probably increase instead, just as it has been doing steadily ever since it started, in good times and bad.
What is this business?
Itās an ONLINE BUSINESS thatās based on selling digital information.
No matter what the economy is doing, people are always searching for solutions to their everyday problems, for example: - Health-related problemsā¦
- Problems having to do with relationships, sex and datingā¦
- Problems around finances and businessā¦
A business that sells the information that people are seeking (and willing to pay for) can actually make more money during a crash ā perhaps even more than in good times.
Best of all, this business can be started up extremely fast and with very little capital.
So, even someone starting from zero today can be well positioned to be making money before, during and after the coming crash.
For anyone wondering how to get started and if itās something that they can actually do, I have good news:
Iām running a FREE training with my good friend Anik Singal, whoās going to show exactly how to set up an online business like the one Iām talking about.
Go here to register for this FREE training:
ā”ļø http://meadia.co/3eNiLXf ā¬ ļø
Anik has generated over $120 Million in sales over the past 15 years (yes, that period includes the 2008 crash!) selling digital information. Heās taught thousands of ordinary people how to do it too, in good times and bad!
His students includeā¦ - Nurses
- Retirees
- Stay-at-home moms
- Corporate types who wanted out of the rat race
- Really, people from all backgrounds looking for an extra stream of income.
The big banks donāt have to be the only ones sitting pretty during the next crash!
Go here to register for this FREE training:
ā”ļø http://meadia.co/3eNiLXf ā¬ ļø
P.S. If youāre worried that this is incredibly tech or complicated, it really isnāt. Our training will prove it.
Register here: ā”ļø http://meadia.co/3eNiLXf ā¬ ļø
SOURCES
- Davidson, Paul. āAll the banks have enough capital to withstand a severe recession, Fed says.ā USA TODAY. 22 Jun 2017.
- Inman, Phillip. āCentral banks raise alarm over new crash after steep rise in lending.ā The Guardian. Economics. 25 Jun 2017