So here's an interesting question for you entrepreneurs out there ...
I've been an active investor for several years and observe market trends very closely. From my perspective, the world economy cannot do anything except completely TANK at some point in the near future, probably the next 2 or 3 years (or sooner). The reason I say this is the stress that financial institutions created in the derivatives market over the past twenty years cannot be undone with any amount of legislation at this point ... our economy is one based on debt alone, and spending ourselves out of problems, and no longer anything tangible.
I honestly believe the troubles following the US abroad in European and Asian markets will inevitably lead to one thing ... FAILURE.
So here's my question. Let's say worst comes to worst and our currency becomes even more meaningless than it is at this moment. What will you do to survive? What kind of business do you want to be in during the end of this world's economy? I'd like to talk specifics ... let's avoid generalities by saying "food clothing and shelter." What would you DO to offer those things in a practical way, perhaps even under a barter type arrangement?
I honestly believe we're going to be bartering our way along at some point ...
So that's what I want to know. What business could we pursue now that will become profitable both in our current economic climate, or in NO CLIMATE whatsoever?