Prepare youselves....the great depression will happen to the entire industrialised world in 3-5 yrs time.
Just like the tides of the ocean, the economy will experience ups and downs. We all know that this cycle takes about 10 years.
All the classic tell-tale signs are there if look hard enough. China is experiencing growing gaps between the rich & the poor. America is experiencing federal budget deficits (with war and disaster recovery efforts further worsening the problem). Globally, millions of people are purchasing goods on credit purchase. Including much more.
There will come a time in the near future, when supply exceeds demand, and this will cause a domino effect throughout the economies. It will affect every single one of us, from the top, right down to the bottom of the social tier.
Many of you may be skeptical, but this is true. This is a fact. By deluding yourself, the problem will not go away.
The best thing that we can do is to ensure that we are debt-free and to save up sufficient money so as to cash in on opportunities when the time comes. What are the opportunities?..That I don't know. But if you look hard enough, you may spot a golden opportunity and remember to grab hold of it.