Analysts have been running around calling the bottom for the past year in hopes of being able to say “I told you so” six months down the road.
Jamie Dimon, longtime JPMorgan Chase CEO, said of the latest financial shock in his annual letter: “The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.”
The recent banking issues in the U.S. began with the collapse of Silicon Valley Bank, which was closed by regulators on March 10 as depositors pulled tens of billions of dollars from the bank.
Shortly after that, a few other small banks globally collapsed as well. When banks of any size collapse, there’s cause for serious concern.
Even if the media and “G” are redirecting attention elsewhere. This tactic has been used for centuries, but in today’s high-tech, media driven atmosphere – it’s even more apparent how controlled by content folks are.
Banks like all other businesses are heavily regulated by the clowns in D.C.
So much so that it calls for concern to look much deeper than the banks themselves.
Perhaps there’s a flaw in regulatory policy? Perhaps it’s a lot more widespread than they’re telling us?
The older and wiser I become, the more I’m led to believe that there’s always more to the story… Every story!
I agree with Jamie Dimon, this financial crisis is far from over – the first stitch has busted and it was bandaged up and diverted away quick enough for folks not to freak out.
My message to you is simple … you must be self-sustainable in order to have a secured future. Of course there are no guarantees that everything you do will go as planned.
The world doesn’t work like that. But you want to be a provider. God created you to serve yourself and others. In order to serve others, we must serve ourselves first.
Not in a selfish way, but in a way that postures us to be able to be an asset to society, to our community, to our families, to our faith.
It all starts with laying a foundation. Just like a solid home, your finances start with a poured base. In order to do that you must set yourself on the path of achieving that.
It’s not easy, in fact it’s quite uncomfortable … but well worth it!
It takes hard work, dedication, discipline, consistency and the willingness to live well beneath your means for as long as it takes to build the base.
Once the base is built, you can begin to enjoy the fruits of your labor by serving yourself and all the others around you.