I've Heard IM is Recession Proof... What About DEPRESSION Proof?!?!?

by W.P. Allen 55 replies
I've heard some economists say we may be heading for a depression that made the Great Depression look like a day at Six Flags. Now, hopefully they're catastrophizing and it won't get that far.

But...

What if it does.

How would IM and related businesses fair in another serious depression?

I know you can only hypothesize but give it a shot---->:confused:
#main internet marketing discussion forum #depression #heard #proof #recession
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  • Profile picture of the author J. Barry Mandel
    Well, during the Great Depression in 1929 and 1930 people couldn't afford to buy apples and had to be fed at governement run soup kitchens.

    If the same thing happens and people cannot afford to eat and apple, how are they supposed to buy an eBook or a piece of software?
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  • Profile picture of the author Tenzo
    People made money during the Great Depression. IMHO, it really all depends on markets and skill sets. If another big one comes, I think the main benefit for IM'ers is the global reach we have. There are other countries who are moving forward economically, so that's where we target our marketing.

    Regards,
    Kevin
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  • Profile picture of the author trafficwave
    Why even talk about it?

    Most of us in this forum weren't around for the depression.
    But we all hear about the doom and gloom... how horrible it was ... etc...

    I have no doubt that many people experienced very trying events and I am not intending to downplay them in any way.

    BUT ... there is another side to the depression, too.
    There were people making absolute fortunes during the depression.

    Hoover Dam was built during the depression.

    The actual cost of Hoover Dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works was $165 million.

    This was during the 1930's. Some of you math/economics wizards could tell us what that amount would translate to in today's economy.

    Consider that while people all over the country were saying things like "There just aren't any jobs to be had!" there were a LOT of people relocating their families to Nevada and working on a monumental construction project.

    This same project created jobs, opportunities, caused cities to spring up, affected commerce and still has far-reaching ramifications to this day.

    I can tell you what WILL absolutely hurt your business. That is to focus on, talk about, and stress over the media's coverage of the economy.

    They make more money when the news is bad. That's our fault.

    There are opportunities being created right now. Our ability to make money will depend on our willingness and ability to recognize, adapt to, and take advantage of those opportunities.

    Personally, I have clients in more than 60 different countries. If the economy on one of those countries takes a hit... I can focus my marketing on other countries and carry on.

    This is a BIG advantage to doing business online.
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    • Profile picture of the author Scott Ames
      Originally Posted by trafficwave View Post

      The actual cost of Hoover Dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works was $165 million.

      This was during the 1930's. Some of you math/economics wizards could tell us what that amount would translate to in today's economy.
      $165,000,000.00 in 1936 had about the same buying power as $2,523,782,608.70 in 2008.
      Annual inflation over this period was about 3.86%

      Source:

      Inflation Calculator - Value of a Dollar over Time
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    • Profile picture of the author ctutt
      Originally Posted by trafficwave View Post

      Why even talk about it?

      Most of us in this forum weren't around for the depression.
      But we all hear about the doom and gloom... how horrible it was ... etc...

      I have no doubt that many people experienced very trying events and I am not intending to downplay them in any way.

      BUT ... there is another side to the depression, too.
      There were people making absolute fortunes during the depression.

      Hoover Dam was built during the depression.

      The actual cost of Hoover Dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works was $165 million.

      This was during the 1930's. Some of you math/economics wizards could tell us what that amount would translate to in today's economy.

      Consider that while people all over the country were saying things like "There just aren't any jobs to be had!" there were a LOT of people relocating their families to Nevada and working on a monumental construction project.

      This same project created jobs, opportunities, caused cities to spring up, affected commerce and still has far-reaching ramifications to this day.

      I can tell you what WILL absolutely hurt your business. That is to focus on, talk about, and stress over the media's coverage of the economy.

      They make more money when the news is bad. That's our fault.

      There are opportunities being created right now. Our ability to make money will depend on our willingness and ability to recognize, adapt to, and take advantage of those opportunities.

      Personally, I have clients in more than 60 different countries. If the economy on one of those countries takes a hit... I can focus my marketing on other countries and carry on.

      This is a BIG advantage to doing business online.
      I totally agree! If it BLEEDS it LEADS! Being a "news junky" is the most un-useful, poisoneous, mind-numbing thing we can do to ourselves. Turn your TV and Radio OFF!
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  • Profile picture of the author celente
    once the market crash (this is very close)

    then the US economies and other economies will go into depression.

    DOnt worry there has always been millionaires created even in depressions...because there is still supply and demand, you just have to realize where that is.

    Good example. IN the gold rush days, gold fosikers didn't make the money it was the guys that sold them the shovel. You have to be the shovel sellers....remember what I just said supply and demand.

    hope this helps....first we wait for the crash....eeekkk yes! i know! not good! but a clean out is good for the economy every once and a while.

    Good luck.
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    • Profile picture of the author ctutt
      Originally Posted by celente View Post

      once the market crash (this is very close)

      then the US economies and other economies will go into depression.

      DOnt worry there has always been millionaires created even in depressions...because there is still supply and demand, you just have to realize where that is.

      Good example. IN the gold rush days, gold fosikers didn't make the money it was the guys that sold them the shovel. You have to be the shovel sellers....remember what I just said supply and demand.

      hope this helps....first we wait for the crash....eeekkk yes! i know! not good! but a clean out is good for the economy every once and a while.

      Good luck.
      I love your comment and your style! And I agree with you!
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      • Profile picture of the author AndrewCavanagh
        A far more likely scenario is that prices for essentials like food will keep rising as the price of oil rises (food in the western world relies almost entirely on oil for its fertilizers, pesticides, tractors and transport to market).

        This will be seen as an exceptionally high inflation rate and the cost of living will become more and more extreme.

        In fact this has already happened in some oil scarce countries like the UK. Where oil is expensive in the western world the cost of living is also expensive.

        As the cost of oil rises the cost of living rises and that will continue unless drastic measures are taken to remove our dependence on oil for our basic living needs.

        The gap between the wealthy and the poor gets wider, crime tends to increase.

        Some of the things we take for granted now like low food prices, gas prices, airport tickets will become especially expensive.

        But most likely internet connection prices won't be affected too much (apart from rising with the overall general inflation).

        So savvy internet entrepreneurs will probably do quite well helping others online and offline make more money using the internet.

        With rising cost of transport using the internet to connect goods and services accessed closer to home may also become an issue.

        But I think the most sensible thing to do rather than trying to gaze in a crystal ball is work with the trends you can see right now and take the opportunities as they come.

        Kindest regards,
        Andrew Cavanagh
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  • Profile picture of the author Norma Holt
    An environmentalist and Australian of the Year, Dr.Tim Flannery, said in an interview this week that money will be useless before long because of the environment, not the economy. The facts are that food, such as apples, won't be available and even wine is under threat because bees are declining worldwide and pollination of crops is under threat. Maybe we all eat bananas instead.

    The Great Depression was brought about through a decline in food production, as well as other things, and people walked off their farms unable to survive. The Aus. government has just offered farmers $150,000 to stay on their land but do other things beside farming. The problem - no water. Our great Murray River which irrigates our food bowl is drying up.

    What can money buy if there is nothing to buy? IM has to face the same fate although it seems immune for the time being.
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  • Profile picture of the author Andres
    A buddy of mine is putting together a blog, site and ebook for those looking to get their money out of the US dollar and into gold, silver and other precious metals.

    All this doom and gloom is well founded. I used to work in the mortgage business (5 years) and I saw a steep market downturn 2 years ago. While my friends said I was stupid I left that business and now they are losing their shirts.

    When our deficit is in the trillions and somehow get 700 billion to bail out the rich Wall Street investors - we do so by printing money.

    Printing more money devalues the dollar and it leads to higher inflation. When the US sneezes the World catches a cold. So it will be felt world wide.

    Andres
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    • Profile picture of the author Chris Lockwood
      Originally Posted by Andres View Post

      When our deficit is in the trillions and somehow get 700 billion to bail out the rich Wall Street investors - we do so by printing money.
      The deficit is not in the trillions- you may be confusing it with the national debt.

      And bailing out rich investors is not the purpose of the package currently being put together- it is to get bad debts off the balance sheets so the credit markets can start functioning again.
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      • Profile picture of the author Andres
        Originally Posted by Chris Lockwood View Post

        The deficit is not in the trillions- you may be confusing it with the national debt.

        And bailing out rich investors is not the purpose of the package currently being put together- it is to get bad debts off the balance sheets so the credit markets can start functioning again.
        The chairman of AIG is listed as one of the richest men in the world. All I see are these CEO making millions per year and yet they leave a company in shambles.

        How is that?

        Chris, when a normal Joe does a poor job he gets fired. When these guys do a poor job their multi million dollar salaries don't change.

        All they are doing is crying to Mama (federal reserve) and asking for a lifeline. While they get bailed out there lots of people losing their homes.

        Come on dude, you gotta see that as well.

        BTW, I stand corrected the deficit is at about 310B and the national debt is about 9 trillion.

        I'm just sick of this country of ours being raped the way it is.

        Sorry for the rant.

        Andres
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        • Profile picture of the author Chris Lockwood
          Originally Posted by Andres View Post

          The chairman of AIG is listed as one of the richest men in the world. All I see are these CEO making millions per year and yet they leave a company in shambles.

          How is that?

          Chris, when a normal Joe does a poor job he gets fired. When these guys do a poor job their multi million dollar salaries don't change.
          What does that have to do with the current proposal being discussed?

          And what does CEO pay have to do with investors being bailed out?
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          • Profile picture of the author JamieBing
            Originally Posted by Chris Lockwood View Post


            And what does CEO pay have to do with investors being bailed out?
            Isn't it the CEO of AIG that's been there for only a few months yet jsut got a 25 million dollar package to LEAVE? I may be wrong but if that is the case it would serve as an example why it is hard to justify bailing out these companies... very poor money management seems to be a big part of the issue there...

            Like I said, I may be wrong about that but sure seems to be a sound bite from the news
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            • Profile picture of the author Fabian Tan
              Originally Posted by JamieBing View Post

              Isn't it the CEO of AIG that's been there for only a few months yet jsut got a 25 million dollar package to LEAVE? I may be wrong but if that is the case it would serve as an example why it is hard to justify bailing out these companies... very poor money management seems to be a big part of the issue there...

              Like I said, I may be wrong about that but sure seems to be a sound bite from the news
              CEO's in high profile positions are put on a pedestal. Obviously, someone started the trend somewhere and compensation packages just got bigger and bigger.

              If you don't provide a nice sum, these people will just go to another company that will do that.

              Mind you, this happens regularly even in sports where managers and coaches low down in the hierarchy get large pay-offs when they get fired.

              Fabian
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              • Profile picture of the author Wakunahum
                I don't think you can really "depression proof" anything outside of having something like a garden to eat from.
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            • Profile picture of the author Chris Lockwood
              Originally Posted by JamieBing View Post

              Isn't it the CEO of AIG that's been there for only a few months yet jsut got a 25 million dollar package to LEAVE? I may be wrong but if that is the case it would serve as an example why it is hard to justify bailing out these companies... very poor money management seems to be a big part of the issue there...
              I don't know what the AIG guy got. I'm not in favor of people getting large payouts for doing a lousy job.

              That is not what this current package is about. One of the few details that's come out is a limit on that sort of payout. This deal is also not so much bailing out companies, but buying assets from them so they can stay in business.

              The root of this goes back to the 1990s, with lenders being forced to make loans to people who could not afford to pay them back.
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  • Profile picture of the author JamieBing
    ANy time there a huge changes in the mass market business people are forced to either become resourceful or die. We do not plan on giving up and dying... or trading in the computers for apples ( good one haha). We plan on follwoing proven tactics and keeping our forward momentum.

    Along the way we will be helping those people who are loosing their jobs learn how to do something different so they do not have to change where their families live to help with the next Hoover Dam project.

    The key to survival is to either evolve or become extinct!

    Which one are you going to be?
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  • Profile picture of the author valerieSONORA
    I think people are over reacting. Today is nothing like back in 1929. Today we have food stamps and welfare so I doubt people will be starving. And everyone (almost) has cable or satellite and cellphones and all kinds of other "luxuries" so I can't imagine people starving while they are texting on their cell phone and watching mtv.
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    • Profile picture of the author CSwrite
      Originally Posted by annoyedgirl View Post

      I think people are over reacting. Today is nothing like back in 1929. Today we have food stamps and welfare so I doubt people will be starving. And everyone (almost) has cable or satellite and cellphones and all kinds of other "luxuries" so I can't imagine people starving while they are texting on their cell phone and watching mtv.
      lol - I can see it now. "OMG! I am so, like, totally starving..." Next week on the O.C...

      In all seriousness...

      If anything, I think hard economic times brings out the entrepreneurial spirit in people. As with much in life, diversity, both economically and with your niches, is key.

      The more people keep chicken little-ing, the worse it is going to be.

      IMO of course,
      Cary
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  • Profile picture of the author Josh Anderson
    For those in IM that sell empty, worthless, gimick driven, hyped up, junk...

    it could be a hard time.

    But for those who sell the engines, services, and power sources that global online businesses depend on...

    They may have a better time.
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    • Profile picture of the author Alex Lin
      Last year I attended a seminar hosted by a Singaporean Economist name Clement. He said the U.S. economic will crash in 2009. I think his prediction is true.
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      • Profile picture of the author VegasVince
        Personally, I look forward to the upcoming so-called depression or whatever the hell it's called this week.

        Truth is.....my entire marketing philosophy is actually better suited for hard times---cuz the frightened sheep are willing to give up their wool coats et al... for 5 cents on the dollars....to the first guy with some cash in hand.

        Vegas Vince is buyin!

        Cuz the world will be sellin!

        And it's a formula that has never failed me.

        When the lemmings jump off the cliff....might as well sell them a parachute just before they jump to their deaths. It's free market at its finest.

        Misery loves company.....so the sheep are easy to find when times get tough. They're even easier to sell!

        Their misery also creates great buying opportunities for the rest of us who arn't exactly "shocked and awed" by what's going down....cuz unlike them....we actually didn't follow the lemmings off the cliff....like THEY DID.

        Some of us...take it all in...realize what the big picture is...and then do just the damn opposite of the status quo...to great success. Believe it.

        I have little use for the Jones Family and those who go down with them. That's the price you'se pay for "conforming" to the masses...letting their opinions dictate your decisions. Those who do...deserve what they get.

        Tough Love....let the good times roll baby!!!!


        xxx Vegas Vince







        xxx Vegas Vince
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        • Profile picture of the author valerieSONORA
          Originally Posted by VegasVince View Post

          Personally, I look forward to the upcoming so-called depression or whatever the hell it's called this week.

          Truth is.....my entire marketing philosophy is actually better suited for hard times---cuz the frightened sheep are willing to give up their wool coats et al... for 5 cents on the dollars....to the first guy with some cash in hand.

          Vegas Vince is buyin!

          Cuz the world will be sellin!

          And it's a formula that has never failed me.

          When the lemmings jump off the cliff....might as well sell them a parachute just before they jump to their deaths. It's free market at its finest.

          Misery loves company.....so the sheep are easy to find when times get tough. They're even easier to sell!

          Their misery also creates great buying opportunities for the rest of us who arn't exactly "shocked and awed" by what's going down....cuz unlike them....we actually didn't follow the lemmings off the cliff....like THEY DID.

          Some of us...take it all in...realize what the big picture is...and then do just the damn opposite of the status quo...to great success. Believe it.

          I have little use for the Jones Family and those who go down with them. That's the price you'se pay for "conforming" to the masses...letting their opinions dictate your decisions. Those who do...deserve what they get.

          Tough Love....let the good times roll baby!!!!


          xxx Vegas Vince
          Hey I just realized this the perfect time for us to take over the world.
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        • Profile picture of the author Daniel Molano
          Originally Posted by VegasVince View Post

          Personally, I look forward to the upcoming so-called depression or whatever the hell it's called this week.

          Truth is.....my entire marketing philosophy is actually better suited for hard times---cuz the frightened sheep are willing to give up their wool coats et al... for 5 cents on the dollars....to the first guy with some cash in hand.

          Vegas Vince is buyin!

          Cuz the world will be sellin!

          And it's a formula that has never failed me.

          When the lemmings jump off the cliff....might as well sell them a parachute just before they jump to their deaths. It's free market at its finest.

          Misery loves company.....so the sheep are easy to find when times get tough. They're even easier to sell!

          Their misery also creates great buying opportunities for the rest of us who arn't exactly "shocked and awed" by what's going down....cuz unlike them....we actually didn't follow the lemmings off the cliff....like THEY DID.

          Some of us...take it all in...realize what the big picture is...and then do just the damn opposite of the status quo...to great success. Believe it.

          I have little use for the Jones Family and those who go down with them. That's the price you'se pay for "conforming" to the masses...letting their opinions dictate your decisions. Those who do...deserve what they get.

          Tough Love....let the good times roll baby!!!!


          xxx Vegas Vince







          xxx Vegas Vince
          I agree 100% with Vegas Vince.

          Before this turns into another one of 'those' threads I would like to state my opinion.

          One of the keys to success in any given area, if not THE Key, is being able to take the bad and transform it into good. That is the good ol' abundance mindset.

          I know I might get flamed for what I'm about to say, but... I don't really care.

          Someone in this thread (Celente) said that during the gold rush, the people that got rich were the people selling the shovels, not the people looking for gold. Why? Well it's obvious, the people looking for gold (AKA the masses) NEEDED the shovel.

          And believe it or not, we as Internet Marketers are the ones selling the shovel already. We provide the masses the opportunity to strike gold, whether they do it or not, it's out of our hands, but we are providing the tools.

          So yeah, someone is probably going to flame me and say "You asshole, you are taking advantage of the crisis." On the other hand, we are providing the tools to get OUT of the crisis.

          Like Josh Anderson said above, the ones providing crap will get crap in return, but those who are actually providing something valuable will help others strike gold and in the meantime strike gold themselves in return.

          Best of luck,

          Daniel Molano
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          • Profile picture of the author ctutt
            "Believe it or not, we as Internet Marketers are the ones selling the shovel already. We provide the masses the opportunity to strike gold, whether they do it or not, it's out of our hands, but we are providing the tools.

            So yeah, someone is probably going to flame me and say "You asshole, you are taking advantage of the crisis." On the other hand, we are providing the tools to get OUT of the crisis.

            Like Josh Anderson said above, the ones providing crap will get crap in return, but those who are actually providing something valuable will help others strike gold and in the meantime strike gold themselves in return."

            I say amen and I hope you're right!
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      • Profile picture of the author ExRat
        Hi Annoyed Girl,

        I think people are over reacting. Today is nothing like back in 1929.
        You really don't look anything like that old

        Hi Chris,

        That's not what caused the depression.
        I thought it was something to do with a chemical imbalance?

        Actually, I saw that debate they were having on the news yesterday and was listening to that guy who, when making his stern speeches looks a bit like a cross between -

        Pierluigi Collina

        The Rules Of The Game - Pierluigi Collina : Read reviews and compare prices at Ciao.co.uk

        and ace ex midnight oil singer Pete Garrett -

        Peter Garrett - Wikipedia, the free encyclopedia

        Henry Paulson isn't it?

        Anyway, I couldn't help but notice the bit where he addresses the 'nation' and attempted to answer their complaints that while ordinary people suffered, they were rushing to bail out the multi-billion dollar companies.

        His answer was along the lines that if they didn't do this everyone (yes even the ordinaries) would suffer as the economy would collapse.

        It's almost as if he was implying that without governments and financial institutions, there would be no stability. You'd think that in his lofty position he would understand that it is business and the jobs that they provide that maintain stability, whereas the other two are simply leaching off of this and are in fact the root cause of the problems.

        Tssssk! :rolleyes:

        Hi Vince,

        How's the ark business going?
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        Roger Davis

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        • Profile picture of the author DonnaLeona
          Hi all,

          In the Great Depression there was a 30% unemployment rate.

          BUT 70% were employed and did quite well.

          Either focus on the people that stay employed or find a way to help the unemployed and make money while you do it.

          Get creative, actually add some value to the world and you will be fine.

          Donna Leona
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        • Profile picture of the author valerieSONORA
          Originally Posted by ExRat View Post

          Hi Annoyed Girl,

          You really don't look anything like that old
          I remember 1929 very well. We were eating dandelion green salad and begging for apples. :p I have simply have a secret method to staying young looking and some botox injections helps too.
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  • Profile picture of the author spicegator
    For every doom and gloom there is an opportunity. You just have to dig them out.
    When you find them, sometimes you wonder how you missed them in the first place. But that's the great thing of being online, the shear numbers of niches never begets scarcity.
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  • Profile picture of the author valerieSONORA
    Whoa, I have just found a new career path. I am going to be a CEO then I'm going to totally suck at it so I can get $25 million to leave.
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    • Profile picture of the author naruq
      Depression or Recession. It does not matter. It is all based upon your Sucess and prosperity mindset. Even doing the depression some entrepreneurs still created wealth and income.
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  • Profile picture of the author Dixiebelle
    You all can do what you want to, but if this country does fall into a depression, I am just going to refuse to participate.

    Dixie
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  • Profile picture of the author jasonl70
    re: the bailout.
    The ceo's aren't being rescued here. The credit markets are.

    With bad credit markets, YOU can't buy cars or homes because the banks can't get INVESTORS to back these loans. And when home and car sales collapse, so does the values of your assetts which have the bulk of your capital tied up in them. That means you'll get 10 grand less for your vehicle when you want to trade it in, and tens of thousands less for your house (often meaning you owe more on the mortgage then it's worth).

    Now, the ceo's of those companies who drove them to the point of faliure should be penniless and homeless as far as I am concerned.

    But this is not about helping them.

    And let's take a minute and talk about these so called 'wealthy investors'.. anyone with a 401k, investments in mutual funds, or who has access to any retirement benefits beyond social security - these represent HUGE MASSIVE pools of investors. Everyday joes. Teachers, firefighters, factory workers.. These are PUBLICLY owned companies.
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  • Profile picture of the author Norma Holt
    The main problem with the economy is that it is based on rumor to sustain it, according to many of the above views. That must mean it is a lot of hot air. No wonder it deflates as soon as someone pricks it.
    Its all about consumer and market confidence and it helps no
    one by adding to the doom and gloom.
    For those in IM that sell empty, worthless, gimick driven, hyped up, junk...

    it could be a hard time.
    Perhaps survival depends on quality, quantity and good service and not the crap that so many IM's are pushing.

    Anyone got a band aid for Wall Street millionaires and fat CEO's?
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    • Profile picture of the author NickiOZJ
      I've been reading the warrior forum for many, many years, and while I very rarely comment on the warrior forum, I can't refrain from saying the following:

      DO NOT PANIC!

      While there are a lot of morons in charge of the markets, this is *not* the end of the world.

      Ben Bernanke is a brilliant man, and luckily the "man in charge", if you will.He's an expert on the Great Depression, and hopefully all those in charge will follow his sager advice and take prudent steps to prevent a negative fiscal cycle.

      I am an economist. While it is very possible that the markets could collapse, I really don't feel that things will get that drastic. I wish that I had time right now to go into depth about my feelings on these matters, but I've got to leave or get stuck in traffic, as it's half past 5.

      1. Don't panic
      2. Make sure your money is in FDIC or NCUA insured accounts, as many banks are failing
      3. Don't panic

      Good evening,
      Nick
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  • Profile picture of the author peteinoz
    Think about it..

    this will be the first financial crisis where there has been an established web.

    where to people go when they have problems?

    The web

    Provide solutions to peoples problems and you'll most likely do ok..

    Since the arrival of the Internet . The world is an entirely different place.

    Those of us who are savvy enough to make their living online can do very well by helping people with specific problems..

    Those who are savvy enough to predict the terms people will be searching for, if indeed the crisis does get worse. will be targeting these phrases right now

    As the guy above noted.. supply the shovels

    Thats my two cents

    Cheers

    Pete
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    • Profile picture of the author ExRat
      Hi Pete,

      I'll take those two cents, they'll come in handy

      That's a quality post, thanks.
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  • If a dression happens the surviors will have to be strong, it will be much worst than the great depression because we have a world of drug addicts and thiefs and killers like we never had before. In hard times people will do bad things to other people. The best advise is to have a strong chain of friends and stay in the group and be tight. Helping each other survive, so yes I agree if a depression happens it will be much worst, with millions and millions of more people going nuts.Understand I am not trying to scare people, but it must be taken into thought what can happen.
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    • Profile picture of the author ExRat
      Hi cashblastersonline,

      If a dression happens the surviors will have to be strong, it will be much worst than the great depression because we have a world of drug addicts and thiefs and killers like we never had before. In hard times people will do bad things to other people. The best advise is to have a strong chain of friends and stay in the group and be tight. Helping each other survive, so yes I agree if a depression happens it will be much worst, with millions and millions of more people going nuts.Understand I am not trying to scare people, but it must be taken into thought what can happen.
      Is it your night off from manning the phones for the Samaritans? :p

      we have a world of drug addicts and thiefs and killers like we never had before
      I beg to differ.

      The best advise is to have a strong chain of friends and stay in the group and be tight
      The same advice applies and is as relevant at all times regardless of the economy.

      millions and millions of more people going nuts
      Do you watch a lot of TV?

      Sorry if my responses seem a little terse. It's times like these when people are much better off keeping their feet on the ground.

      but it must be taken into thought what can happen.
      Why? If the doomsday scenario you describe were to happen, we are all going to get robbed and killed by crazed ex-stockbrokers high on crystal meth anyway so why not just chill out and have fun before the inevitable occurs, rather than running it through your mind continually?

      Don't worry 'bout a ting, cus every little ting gonna be alright
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  • Profile picture of the author Andres
    I have very strong opinions as to the US economy and what will happen HOWEVER as far as IM I think those of us that are offering a strong product will succeed.

    More people are looking to earn extra money on the side. Case in point myself. I decided to leap back in IM this year for that reason I've putting together an action plan and I can't wait until the money begins to roll in.

    So for those of use that are offering products that guide the average Joe into earning extra $$$, or make him feel better with this or that, these are the times where you can really stand out in your niche.

    I don't look forward to a recession or depression but it is what it is.

    Andres
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  • Profile picture of the author IRON_STRONG
    Money is a figment of the imagination. its created by us. Robert Kiyosaki talks about this, and explains the analogy very well. im not worried, if anything i'll move to montana and live on my property by a lake and wear bear skin clothes and catch fish for food.

    then i will start my own tribe and breed. we should all go back to the bartar system.
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    • Profile picture of the author Chris Lockwood
      Originally Posted by IRON_STRONG View Post

      Money is a figment of the imagination. its created by us. Robert Kiyosaki talks about this, and explains the analogy very well. im not worried, if anything i'll move to montana and live on my property by a lake and wear bear skin clothes and catch fish for food.

      then i will start my own tribe and breed. we should all go back to the bartar system.
      What did you buy that property with? Money?

      I'd say Kiyosaki's expertise is a figment of the imagination. I don't know why people pay much attention to what he says.
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  • Profile picture of the author IRON_STRONG
    well his books helped my start my buisness. far more than most of the shit products i've bought online.

    he turned me on to money on the net, and the man sure as hell makes more than most eveyrone on this forum aside from the big 20 or so.

    Further more my personal opinion *not being funny* is...

    If you dont like this country get The F*CK OUT.

    while our economy may be on the down turn - whining about it doesnt help, and i think everyone needs to realize just how good we have it. need to realize that we can walk out of our house and not get gunned down by rebels. we can still aford to eat even if you have to go for the PB&J instead of steak. fact is living in america isnt half bad, and this economy and capatilism it self is a huge reason most of you are able to get on the net and make money.

    try that in a hut in somolia, then tell me about the economy crisis here.

    life is what you make it.
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  • Profile picture of the author Norma Holt
    [quote]Good example. IN the gold rush days, gold fosikers didn't make the money it was the guys that sold them the shovel. You have to be the shovel sellers....remember what I just said supply and demand.[quote]

    Yes its the IM's who are doing the digging. The shovels are supplied by the tool makers.
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    • Profile picture of the author Phil Spinelli
      Nothing is recession proof.

      As for the internet, if you sell products that need to be shipped.
      Shipping cost are going up.

      Most people would rather pay for gas then shipping and would rather just go down the road to pick up an item then have it shipped.

      When/if the cost of the product plus shipping is not to much different then the local retail price, people will just go to the retail outlet.

      What seems to getting popular, is, ordering online from a local shop, then driving to pick it up.
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      • Profile picture of the author Dan C. Rinnert
        Originally Posted by Phil Spinelli View Post

        What seems to getting popular, is, ordering online from a local shop, then driving to pick it up.
        Doesn't that then speak to the need of having a strong Internet presence as well as a strong local presence? If there is a sales slump in one, you still have the other to cover.
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  • Profile picture of the author Devin T
    Here guys, take a look at this article that compares our current economic state to the great depression through a mostly neutral historian:http://www.businesspundit.com/conser...at-depression/

    I feel that they do a great job in the comparison
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    • Profile picture of the author Phil Spinelli
      Doesn't that then speak to the need of having a strong Internet presence as well as a strong local presence? If there is a sales slump in one, you still have the other to cover.
      Yes, that's what we do. We sell retail and online.

      We do 2-3 times more web-sales then we do in our retail store, we out source most web orders, so we don't need to stock the extra items. We carry 4000 items on our website and around 1200 items in our store.
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