Showing posts with label Currency Collapse. Show all posts
Showing posts with label Currency Collapse. Show all posts

See How To Substantially Increase Your Monthly Income By Starting A Simple, Easy, Profitable Business Within The Next 90 Days…



Hey there, I just wanted to share something with all of you that I hope will be of great benefit to you in these uncertain times.

My friends Mike and Robert are some of the most successful entrepreneurs I know, and we watch everything they do very closely.

Why? Well Mike started his first business when he was dead-broke and waiting tables, which has gone on to produce more than $25,000,000 in revenue.

Robert sold one of his first businesses to Expedia when he was in his 20's.

36 months ago, they started another business together which produced over $3.2 Million in its first 7 days.

Well this week they're holding a free training series this week called "Elevate Your Income," and their goal is simple…

They're going to teach you how to substantially increase your monthly income by starting a simple, profitable business within the next 90 days, in almost any industry you want, while also addressing the many pitfalls, questions, and doubts that can come with this subject matter.

And the best part? They've boiled their process down into a basic 3-step formula they're going to teach everyone during this free training series.

If you want a simple, step-by-step, A to Z plan on how to start and build a successful business that covers EVERYTHING… From how to come up with a million dollar idea, to scaling up your business to multiple 7 or 8 figures and every little step in between…

Then you need to do what I'll be doing this week… Watch this free training series my friends Mike and Robert are holding on how to do exactly that.


Ron Paul: No More Bailouts! Banks Should Be Allowed to Fail…





by Ron Paul

Supply and Demand - Free Enterprise

French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say’s words, “products are paid for with products.”

English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward an “equilibrium price” which eventually balances supply and demand for any particular good. Thus markets will clear themselves of any surpluses or shortages in the form of excess supply and demand.

This important corollary of Say’s Law– that markets clear– is critical to understanding the moribund US housing market. In housing, perhaps more than any other good, we see the terrible consequences of government and central bank interference with market forces.

Increase The Money Supply

First, the Federal Reserve Bank relentlessly increased the money supply over the last few decades. Much of this newly created money and credit flowed from Fed member banks into the residential and commercial real estate markets, causing prices to rise dramatically prior to the housing bust of 2007.

At the same time, the Fed systematically suppressed interest rates for decades. This led to tremendous malinvestment both by homebuilders and individuals, and encouraged a seedy subprime mortgage industry to make nonviable loans that would not make economic sense under market interest rates.


Give Credit to Whom Credit is Due!

Congressional meddling in the mortgage market also added tremendously to the problem. Inane legislation like The Community Reinvestment Act literally forced banks to make thousands of loans to bad credit risks. Similarly, Fannie Mae and Freddie Mac put taxpayers on the hook for millions of mortgages that never would meet market underwriting criteria. And of course the real estate and homebuilder lobbies made sure mortgage interest debt (unlike most personal debt) remains tax-deductible.

The ultimate result of these interventions by our caring friends in Congress and the Fed has been the biggest housing bubble and crash in US history, leaving millions of Americans underwater on their mortgages if they have not already lost their houses altogether. Congress and the Fed are directly responsible for millions of shattered lives, and almost unknowable economic damage in the form of trillions of dollars in mortgage backed securities.


Banks will Close Their Doors

The only solution to this mess is to allow the US housing market to clear. All of the bad mortgage debt must be liquidated, whether via foreclosure or bankruptcy. Banks holding substantial mortgages or mortgage backed assets must face the music and adjust their balance sheets to reflect today’s reality. Undoubtedly this will force many banks into immediate insolvency, but such banks must be allowed to fail without receiving another nickel of taxpayer money. Banks took the risks and made money during the bubble years; those who exercised bad judgment must now accept the consequences of their actions.

Never in American history have we needed to adopt a policy of laissez faire more desperately; never has government seemed more determined to artificially prop up an industry. But only by allowing the housing market to clear can we hope to rebuild our shattered economy from a stable foundation. Clearly there will be pain in the short term, but we owe it to younger Americans and future generations to allow the reemergence of a rational housing market.

Original source of articel from: http://www.ronpaul.com/2012-10-29/ron-paul-no-more-bailouts-banks-should-be-allowed-to-fail/

Find out what the ultra rich are doing to hedge themselves against economic collapse.

The Legal Lie Banks Tell You

Is Your Money Really Safe?




Did you know each time you deposit money into a bank, they’re legally allowed to...

* look you in the eye and lie, with a wink and a smile
* sell you a line of bull about how your money is kept safe in the vault
* and give you a kick in the rear on the way out?

EVG Research Team here, and we might be kidding about the last one.

At The Elevation Group, we fancy ourselves as adventure-seeking truth-tellers. That means we’ll go places others won’t dare to uncover lies, distortions and old-ways of investing that just don’t work anymore.

And this lie could be the biggest one of all.

It’s not a new lie. It’s been legal since 1913 in the United States. And it’s legal in most other countries, too.

Yet people don’t know about it because politicians only talk about it using big words in wonkish, boring speeches.

But when it’s brought down to the human-level - and you realize it’s your money they’re lying about - you just can’t look away from...


The Legal Lie Banks Tell You


The money you deposit in a bank, isn’t in their vault. It’s not in a vault across town. It’s not in a vault at your bank’s headquarters either.

It’s not in a vault at all. In fact, outside of a computer, your money doesn’t even exist.

It sounds weird, but that’s how most banking systems in the world are set up today.

It’s called Fractional Reserve Banking and it works like this...

When a person deposits say, $1,000, into a bank, that person believes their money is still there. After all, their account balance still says $1,000.

But the truth is, the banks are lying to you.

They are legally allowed to loan out 90% or more of your deposits to other customers and STILL tell you that your $1,000 is in the bank.

And the Federal Reserve, who regulates the banks, not only says it’s “OK” for the banks to tell you this lie... they’re the ones who made it possible.

They set a number called the “Reserve Ratio.” And if it’s set at 10%, then banks can reloan 90% of your money without telling you.


And This is the Real Scary Part...



Of that $1,000 you deposited, we know the bank can lend 90% of that to other customers. That’s $900.

So say a person borrows that $900 from your bank to buy a motorcycle. The borrower leaves the bank with $900 cash and gives it to the bike owner.

The former bike owner, happy to be rid of his bike, then goes and redeposits that $900 cash in the very same bank.

Now two people have deposits - one for $1,000 and one for $900 totaling $1,900 - that came from the same exact $1,000 cash deposit. The extra $900 was “BORROWED into EXISTENCE.”

This process...

 

Created the Housing Bubble and Global Financial Crisis



When money is created so easily out of thin-air, it leads to bubbles in asset classes.

Since the United States completely left the gold standard in 1971, we’ve had one bubble after another. There was the early ‘80’s gold bubble, the stock bubble of the 90’s, and just recently the housing bubble.

The current global financial crisis is in large part due to all the money that was “borrowed into existence” to buy homes at inflated prices.

But when the housing bubble popped, it set off a massive deflationary event.

People who were no longer able to make their house payments walked away from their mortgages.

And because we have a monetary system where money is “borrowed” into existence, when a borrower refuses or can’t repay the debt, the money simply VANISHES from the system.

It’s called a currency contraction, and that is deflation.

At this point, there are only...



2 Possible End Games-— and Both End Badly...



In response to the deflation from the housing crisis, the Federal Reserve quickly started “printing” more money to try and replace all the money that was vanishing.


They literally doubled the money supply in just a few weeks following the 2008 panic. And since then, the money has tripled pre-meltdown levels.


But unfortunately for the Fed and all its victims, the problem seems to be too big this time.


The money-printing isn’t working. And If they keep up the pace, we’ll see massive inflation... or even hyperinflation.


Or the Fed may recognize the problem is too great and try something more honest than money-printing. They may decide to default on our debts the honest way, by telling our creditors we can’t pay and restructuring the debt.


This would cause massive deflation as all the money borrowed into existence vanishes.


So those are the two endgames, massive inflation or massive deflation. Both of which will make the current global recession look like a walk in the park.


And it All Could Have Been Avoided



...had we just stuck with the gold standard. Instead we drifted away starting in 1913 with the creation of the Federal Reserve Bank. And we completely severed the dollar’s ties to gold in 1971.


A dollar backed by gold means money can’t be borrowed into existence to cause a global financial crisis. And it’s actually written into the US constitution that states are not allowed to use anything but gold and silver as legal tender.


We’re happy to see a major US political party announce that their party platform will call for a gold commission to study the gold standard.


To find out more about fractional reserve banking and what it’s done to our economy, jump back into the first strategy session with Michael Maloney:


How to Profit From the Greatest Wealth Transfer in History

Do You Have Enough Gold & Silver to Ride Out the Economic Crisis in Comfort?





With the fed promising to print more money until INFINITY, the window to buy gold and silver before prices skyrocket is quickly closing.


EVG Research Team here, and a fantastic question we often stumble upon is this:

“How much gold or silver do you need to ride out the economic crisis?”



Great question, and we’ll break it down for you below.

But first, know this.

The Elevation Group strategy isn’t just to “survive” the next economic collapse. And however much gold and silver you’ll need to ride out the financial storm is just the bare minimum you should buy.


The real EVG “black box” strategy is to collect your lion’s share of the wealth transfer that’s about to occur.


Let me explain...


Whenever an economic collapse occurs, real wealth doesn’t disappear, it just changes hands. That’s why more millionaires were created during the Great Depression than at any other time before in American history.


Purchasing gold and silver the right way... and then maybe the most important part, knowing when to sell at the right time... is how we at The Elevation Group plan to capture enormous amounts of wealth as it changes hands.


BUT... it’s also important to factor in how much gold and silver you’ll need just to keep up your way of life and pay your bills.


There’s an easy way to do that, but you have to understand...


The Gold & Silver Pricing Mystery


In a US Presidential debate last year, Rep. Ron Paul famously pointed out that you can still buy a gallon of gasoline for a dime...


...a SILVER dime, which all dimes were prior to 1965.


Paul told the astonished crowd that a silver dime and one gallon of gasoline were both worth roughly $3.50... and he was right!


As the price of gas, food, and other goods and services go up overtime, they do so only in terms of dollars. Priced in gold, they stay relatively the same.


And that’s been true for thousands of years.


For example, gold has long been tracked to the price of a man’s suit. This was true when the Romans ruled all, when Beethoven wrote symphonies, and when Jefferson penned the Declaration of Independence...


...an ounce of gold always seemed to hover around the price of a decent man’s suit.


Knowing this, a good rule of thumb to make sure you have enough gold and silver for a crisis is to...


Count Up Your Bills Priced In Gold



1) Get out those receipts and count up how much you spend each month on groceries, gas, rent, cable/internet, cell phones, utilities, entertainment, etc. Then multiply this number by 12 to get an annual figure.


2) Also factor in how much you spend per year on clothes, sports and other expenses that might be seasonal. No need to multiply it, just add this to the previous number.


3) Then add in an extra $500-$1000 for unexpected expenses.


One bill you do NOT have to factor in is your mortgage payment, if you have one. Unlike rent that can be bumped up every 6-12 months when your lease is done, your mortgage payment stays the same.


Same with a car payment. And that means when inflation drives up the cost of everything else, including gold, these expenses actually shrink in terms of gold.


OK, after following those 3 steps you should have your annual expenses totaled up.


Time to think about taxes...


Gold is considered a collectible for tax purposes, so when sold it can be taxed at up to 28%. (And actually, it can be taxed for more, but you can find out all those nitty-gritty details inside your member's area.)


4) So go ahead and multiply your annual expenses by 1.28, meaning 128%, just to be sure.


Got it?


5) Now divide that total by the current gold price: $1,776.


6) This new number is roughly how many ounces of gold you’ll need PER YEAR to get through the crisis without changing your standard of living. The next step is to...


7) Determine how many years the crisis will last, and multiply your current total by that. This will tell you how many ounces of gold you’ll need to ride out the crisis.


It’s impossible to know for sure how many years the crisis will continue. But during the infamous crisis of Germany’s Weimar Republic, high inflation lasted for 4 years - and that’s not a bad guide to use.


After you complete these steps, you should know how much more gold you need to buy to get prepared.


But Don’t Forget to Collect Your Share of the Wealth Transfer



Because again - at The Elevation Group, we’re not settling for “keeping our standard of living” during the crisis.


Instead, we’re using our knowledge of the looming crisis to position ourselves to collect the lion’s share of the wealth transfer.


With infinite money-printing on the horizon, there’s little time to lose. If you haven’t already, check out these strategy sessions on buying gold and silver now:


Everything You Need to Know About Buying Gold & Silver





This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com/

12 More Signs Gold Is Ready For Take Off!

Gold has risen in price every year for 10 years straight. Yet in 2012, gold seemed to take a needed breather.

EVG Research Team here, and the breather looks to be over. Gold looks primed and ready to continue it’s historic climb upwards.

 

 

3 Kinds of Telltale Signs


When gold is getting ready to shoot higher, there are 3 telltale signs to look out for: increased demand, money-printing, and a global loss of faith in the US dollar.


And browsing the news this summer, these 3 signs seem to show up everywhere you look.


Here are just 11 we've spotted in the last 35 days.


  • Former US Treasury Secretary Buying Billions Worth - John Paulson left the US Treasury to manage the world’s biggest bond-fund manager: Pacific Investment Management. And he just increased the companies gold holdings to $2.4 BILLION. (Reported Aug. 22)

  • Central Banks on a Gold Buying Spree - In 2011, central banks around the world bought more gold than in any year since Richard Nixon was President. And this year, they’ll beat last year’s gold-buying record by nearly 10%. (Reported Aug. 17)

  • US Dollar Running on Fumes - The dollar is falling in value fast. It’s at a 4-month low vs. the EURO - despite Europe’s current financial crisis. If it keeps up we’ll see $2,000+ gold in no time. (Reported Sept. 12)

  • Hong Kong’s Shipments of Gold to China have DOUBLED! China hasn’t told the world how much gold it has since 2009, but sometimes Hong Kong can give you a clue. Their July reports showed gold exports to China DOUBLED from July of last year. (Reported Sept. 9)

  • China’s Sneaky Gold Moves - Rather than buying existing gold off the market, China’s making bids for gold mining companies around the globe: in Brazil, Africa, Australia and more. So instead of buying gold, they can just mine and keep it. (Reported Aug. 17)

  • European demand rising! The German Constitutional Court just ruled that the European Central Bank can keep printing money, pushing Europeans to buy more gold to protect against inflation. (Reported Sept. 12)

  • India Begging Citizens to Stop Buying Gold - Gold is a big part of the Indian culture, and their demand for the metal keeps prices high. So now their central bank is practically begging citizens to stop buying gold. They warn it’s an awful investment because it’ll likely just be given away at a wedding anyway! (Reported Sept. 7)

  • George Soros Doubling His Stake in Gold - He’s the infamous investor who first saw the English pound was weak... and then almost single-handedly brought the currency to its knees with a $10 billion short, making himself a cool billion in profit. Now he sees the future of gold, and he just doubled his fund’s stake in SPDR Gold Shares. (Reported Aug. 22)

  • US Republicans Want to Return to a Gold Standard - The US Republican party platform was updated in August - and a commission to study a return to the gold standard was added. If enacted, a gold standard will make the price of gold SOAR. (Reported Aug. 24)

  • World’s Largest Mutual Fund Agrees. The Total Return Fund, managed by Bill Gross, is buying gold now, and has been all of 2012. It’s the world’s largest mutual fund, and they expect gold to rise quickly. (Reported Sept. 4)

  • World Gold Council Predicts A Move to Gold... and away from the US Dollar. Since the 2008 crisis, the US dollar has been the safe harbor to store wealth. But the World Gold Council now predicts the game is over - and gold will be the world’s currency hedge. (Reported Aug. 16)


And the NUMBER ONE Reason Is...

The Fed just announced a new round of “money-printing,” known as “QE3.”


It is, of course, the third time the Fed has tried “quantitative easing” - or money-printing - to fix the economy. And each time gold has jumped significantly higher.


But this time it’s even MORE BULLISH for gold.


When QE1 and QE2 were announced, the Fed let it be known upfront how much money they were willing to “print” beforehand.


This time, QE3 has no such limit. The Fed announced it’ll continue to add $85 billion per month - or $1 TRILLION per year - to the economy.


That’s when the M2 Money Supply shows there’s currently only $10 trillion in the economy. So the fed just promised us a 10% increase in the M2 Money Supply per year...


...otherwise read, a PROMISED 10% INFLATION per year.


That means if you keep your money in a bank account, you’re essentially LOSING 10% per year.


The best alternative is to buy gold & silver - two historical investments people flock to in times of a currency crisis.


In fact, in the hour following Ben Bernanke’s announcement of QE3, gold jumped by over $30! Overall, gold is up 10% since rumors of the Fed’s actions started swirling.


To find out more about buying gold and silver, jump back into this exclusive strategy session with Mike Maloney:

Everything You Need to Know About Buying Gold & Silver

And just as a friendly word of advice, this time it’s different. Not only did Ben Bernanke promise unlimited new money-printing to fix the economy, he also promised to keep going even after “things get better”:
“...a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens” ~ Ben Bernanke September 13, 2012

The time is NOW to protect yourself from Bernanke’s inflation and ride the gold boom upward.




This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com/

Left or Right?

In the looming shadow of an economic collapse you will hear some pretty outrageous and conspiratorial ideas.

Shocking as it may sound, much of it has a grain of truth to it. The difficult thing to do is to sift and sort through all of the bullshit to find it. When you have the left pitting against the right you don't get anything close to truly unbiased media.... rather COMPLETELY biased media and their agendas.

The truth is, there is no such thing as neutrality and anyone who says they are neutral is completely biased one way or another.

I'll admit, I am not neutral. I happen to believe that there is one truth but it is not neutral either. If there is no such thing as absolute truth then there is no such thing as right or wrong; only pragmatism which states "what's right for me might not be what's right for you." So it's okay to murder? Because someone out there thinks it is...

So we get two main candidates in the 2012 presidential running (at least thats what the media tells you) one on the left and one on the right. We are made to believe that Romney is a true blue conservative republican. Yet if Obama and Romney looked in the mirror they would see the others face. Romney's record speaks for itself. Obama #2, its like a bad sequel, the second being worse than the first. I woudnt consider voting for either one of them and any American who respects himself, his neighbor, his children and cherishes his freedom to believe what he wants and to be as successful as he wants, will do the same! 

Bypass the bullshit and prepare your family for the economic collapse that is inevitable since neither candidate is willing to do what it takes to turn things around.


What Does an Economic Collapse and Uncle Sam Have In Common?




There really is no precise definition of an economic collapse. The term can be used to describe a broad range of bad economic conditions from a severe, prolonged depression with high bankruptcy rates, high unemployment and massive national debt, to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany). The Great Depression comes to mind, though there are many more examples in history.

I don't know about you but if and when a global economic collapse happens, I want to be on the winning side. There is so much doom and gloom talk out there that the whole concept can be completely depressing. On one hand – maybe that is enough to inspire some people to get off their butts and do something to protect the security of their family both long term and short term. Unfortunately most of us are educated by the same system which does not teach anything about preparing for or prospering in any economic crisis never mind a global collapse.

I came across this video on YouTube and wanted to share it with you… It is an amazingly in-complex, five minute summary of the fundamental reasons why our nation is heading for a major train wreck…Historically speaking, we are repeating the same mistakes our for fathers have made even as far back as the Roman Empire.



If you want to know why there ‘s a 100% chance we’re going to experience a global economic collapse, or "economic Armageddon" within the next 6-48 months, just click play and then share it with those you care about.


So how do you protect yourself, your family and others you care about? – How about even profiting from the implosion in stead of sinking with the ship? First you must educate yourself and TAKE ACTION NOW.

How to Invest Like the Rich




Government deficits, weakening currencies and economic chaos are waking people up to the sad  truth that it’s getting harder to leave your children with a higher quality of life than you had. If not down right impossible; or so it seems, but we are going to look at why there is hope for the the economic future of the next generation.

Recently, a Fox News scientific poll revealed that about 57% of Americans believe their children will be worse off than they were and are. If this is true, it will be the first time in generations. Does this concern you? It should!




And it’s the same everywhere around the world. Studies show Britain living standards stopped rising nearly a decade ago and that this current generation already has it worse off than their parents. This really shouldn’t come as a surprise since the American dollar is basically the standard world wide. When every nation does the same thing, using similar economics, why would we expect a different outcome? The definition of insanity is doing the same thing over and over again while expecting to get a different result. Apparently propping up the economy with fiat money is not the answer we are looking for.


If you wish to leave your family with more than you were given, then you need to shake things up. You need to invest differently than the Average Joe. You need to invest like the rich. Lets take a brief look at two of the richest families in history. We will see how one saw its fortune pass on and grow from generation to generation, and the other… well, read and find out.


Mayer Amschel Rothschild grew rich in the mid 1700’s by starting a bank and keeping it in the family. He sent his five sons to set up a “bank branch” in five different economic hubs in Europe. And each was very successful. Instead of letting later generations simply inherit wealth for them to squander, the Rothschilds continued to start banks run by members of the family. Just 100 years later Rothschild banks filled all corners of Europe: Paris, London, Frankfurt, Vienna, Naples and more. At least 6 branches of the family were elevated to royalty. And even today the world is littered with Rothschild businesses, banks and charities. The Rothschild family legacy has gone on for 300 years and it still seems to be going strong.


While I don’t agree with many of the philosophies the Rothchilds hold to, their multigenerational thinking has led to a great economic future for their posterity.


Now contrast this with Cornelius Vanderbilt, whose shipping and railroad empires made him one of the richest men in the world in the mid 1800’s. Cornelius Vanderbilt lived modestly. But his offspring built lavish mansions and blew through wealth as fast as it came in.

The Vanderbilt fortune was squandered in just a handful of generations. It is said a direct descendant of Cornelius died broke just 48 years after he did. And there are no millionaire Vanderbilt’s alive today who didn’t make their money on their own.



So what made the difference?


The Rothschilds passed along much more than just their money from generation to generation. They transfered a value to thinking long term, to consider the next generation and the economic future. AND YOU CAN TOO!



Click Here - This is valuable information that will change your life and the way you think about money, education, assets, family, government, etc.








This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at: www.theelevationgroup.net
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