The financial system experiences a crisis “every five to seven years,” JPMorgan Chase & Co.
(bloomberg.com)
This only means that we will have on our hands another crisis in 2015 tops. The worst thing about all of this is that many of the measures that the congress take aren’t yet implemented and there are slim chances that they will be fully implemented untill 2015, so , in other words, there is a new crisis coming our way and we aren’t ready for it.
Some of high class economists know this things and they do a good thing to share this info with us so if the Government is not prepared at least the common people would be prepared.
How can we prepare for another crisis? It is simple as starting a savings account only in this account you will have to get more money for the rainy days. Think about the last crisis, what was the sum that you needed into that period for you to be just fine ? Is it about 10 000usd or 20 000usd or 100 000usd that is the sum of money that your savings account must contain until 2015. For some of you that sum is a lot and for others the sum is nothing and they have already this money into their.
How to avoid the crash? Savings , savings and again savings.
At least now you can not say that you haven’t been warned about the crisis.
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