This year, consider the gift (to yourself) of health, no matter what
Recession-Proof Yourself with |
resident Roosevelt’s caution not to be paralyzed by fear (“The only thing we have to fear is fear itself”) is good advice for our time. But in order to build and maintain the strength necessary for coping with the events of the day, it’s vitally important to stay healthy (more on this below).
Many have likened the Panic of 2008 to the events that precipitated the Great Depression of the 1930s. Although there are similarities—especially in terms of the devastation in the financial community—there are also differences. Far more comparable is the Panic of 1873, which more closely parallels the roots of our current crisis.
There is little doubt that the housing boom precipitated the bust, just as the railroad expansion led inexorably to the Panic of 1873. Not incidentally, both economies had recently been stressed by wars: in our case, the wars in Iraq and Afghanistan, and back then, the devastating War Between the States.
Booms Are Not Forever
Both eras believed that the boom could go on and on. Both were dominated by an “irrational exuberance” for the seemingly endless possibilities. And just as our real estate boom was fueled by substandard loans orchestrated and mandated by the federal government, so the government was involved in the period following the Civil War. Then, Congress involved itself in land grants and low-interest loans that subsidized construction for such major railroads as the Union Pacific, Central Pacific, and Northern Pacific. In both eras, the government, by establishing a regulatory and monetary framework, ensured expansion for a particular industry, to which the investment community responded vigorously. Nor, in both eras, were financing and lending activities limited to domestic sources. International governments supported bank lending to the U.S. railroad expansion and housing markets, adding more fuel to the fire of the respective booms.
Then and Now
Given the similarities of 2008 to 1873, we may experience a serious downturn lasting 3–5 years, and it could be worse. Why? That’s because the response of government then and now was qualitatively different. President Grant vetoed a Congressional bill for “solving” the problem with a large issue of greenbacks (government notes that did not bear interest). President Bush, by contrast, moved in the opposite direction, resulting in the socialization of American finance. With the creation of the Emergency Economic Stabilization Act of 2008, Secretary Paulson has already coerced nine major banks to sign on the dotted line to support the bailout. In tandem, the Federal Reserve System has become a de facto appendage of the Treasury Department.
What Can Be Done?
The solution to the problem, politically, should have been to allow the bad investments to be purged from the system and not to support or bail out, with rewards or compensation, those who played any role in creating the mess. All individuals and entities, whether government-sponsored or not, should have been made to accept full responsibility for the mistakes they made.
The bad investments—the so-called toxic debt—must be eliminated from the financial system if lending is to resume on a rational footing. Right now, banks are effectively blinded from knowing the true worth of the securities that are the necessary backing for loans, and they are paralyzed. Only the market can evaluate the true worth, if any, of these securities and enable the banking system to move back toward stability. Any attempt by the federal government to interfere with this process will prolong the recession.
What You Can Do
When you’re depressed, it’s difficult to keep a level head and be as productive as possible, as we all must do to weather the financial storm. First and foremost, we must remain healthy. Good health is easier to maintain than to reclaim—and that is where nutritional supplements are especially valuable.
To help ensure that you maintain your health, you should take a high-potency multivitamin/
multimineral/multiantioxidant formulation, such as Personal Radical Shield™. States Durk Pearson, “If Sandy and I couldn’t take anything else, if we could only take one thing, Personal Radical Shield is what we would take.”
Next, you should support your immune system. That would include taking SunPower Vitamin D™, Self-Defensin™, and, for extra assurance, InnerPower™ or InnerPower Plus™.
For cardiovascular support, there’s Omega-3 HeartFelt™ and Niacin Easy 200™, and for the perennial struggle with blood sugar, add Dr. Jonathan V. Wright’s InsuLife™.
Especially important for being all that you can be is cognitive enhancement. How can you stay on top of things unless you have all your mental faculties working full-steam for you? Think of BLAST™ and Memory
Upgrade™, and if you want the highest level of cognitive support, choose a supplement that contains galantamine.
Last but not least in your personal health program is the need for mood and sleep support. Durk Pearson & Sandy Shaw’s Serene Tranquility™ Day and Night line, available with either 5-HTP or tryptophan, can help you maintain internal peace when the world around you is in such turmoil.
Whatever you choose to do in these troubling times, do not scrimp on your health. Nothing is more precious or more vital for your survival, both physically and financially.