The Next Great Depression Is Coming, And How You Can Protect Yourself.

The pieces of this came together after reading multiple reports about the rise in health care cost and current events. As you all know, the Baby Boomers are getting ready to hit retirement. Talk is everywhere about Social Security and how this system will not hold up, but this is only one small piece of the larger scope. I’m going to lay out the chain reaction of what I believe (and others smarter than me agree upon) is very soon to come and how you can protect yourself.

• By 2010, 13% of the population will be retired, with 6,000 more people added each day. Yet one of the most startling statistics is that 61% of households leaving the workforce will be unable to replace 75% of their income in retirement (Cerulli Associates).
• Social Security and Medicare will quickly become overrun and forced to either decrease coverage to seniors or face complete system failure.
• Taxes will rise in an attempt to save these systems, thereby straining the working class into a wave of financial hardship.
• The working class, due to the unbearable cost of health insurance, will begin to shift towards Health Savings Accounts thereby leading to a much more conscious mentality of their health spending.
• Due to the already astronomical cost of standard Medical healthcare, insufficient senior coverage, and increasing life expectancies, seniors will not be able to afford care thereby significantly decreasing utilization even further.
• Due to the increasing litigation such as the recent Vioxx settlement ($253 Million), Medical Doctors will need to further hike fees to cover rising malpractice costs and maintain their elaborate lifestyles. (Our government sees this coming and is already trying to push for "tort reform" so YOU cannot protect yourself from a Doctor that makes a mistake).
• Retirees will be increasingly unable to afford healthcare and will be forced to sell off assets (housing) to cover their costs.
• This will cause a sharp influx of real estate into the market causing housing prices to fall dramatically.
• Alternative healthcare will be the new focus for most as the cost-effectiveness is finally realized on a large scale, sending Wellness based practices souring as the dominant force in patient healthcare. (Chiropractic is the only field sturdily positioned to take the role of primary healthcare!)
• Enrollment in Medical schools will fall off dramatically as students get cautious and major universitiesdependentt on these programs will be forced to either open into safer, more cost-effective alternative healthcare or close their doors.
• As the market for "traditional" medical care plummets large pharmaceutical companies, insurance companies, and medical establishments will dive into bankruptcy sending the stock market, which is highly reliant on these sectors, into a major crash resulting in its worst state since the Great Depression.

In a nutshell, you can see how our failing and corrupt Medical system is poised to single handedly bankrupt every facet of our economy possibly within the next 20 years. But there is good news. Just like the last Great Depression, those that are prepared can come out on top.

• Do not go forextravagantt real estate and lifestyles right now. You can already see signs that these things are happening. Rather begin putting as much away in secure accounts as possible.
• Shift stock out of pharmaceuticals, where you put it is up to you.
• Get your families established in wellness and alternative healthcare now. As demand rapidly increases the market will flood and practitioners will begin turning away until college graduate output catches up.
• Set enough money aside to cover your retirement and healthcare as you cannot count on government help being there when you need it.
• Read the book "Rich Dad's Prophecy: Why The Biggest Stock Market Crash In History Is Still Coming...And How You Can Prepare Yourself And Profit From It."

If you play it right, you will be financially sound and in position to begin investing at the peak of depression which will set you up for financialindependencee!