As you probably noticed in last week's ezine, Harry Dent is expecting a major down turn in Dow Jones Industrial Average this Fall. We got to see just how volatile the stock market can be last week. It's astounding how a market can be so over-bought, manipulated and volatile, and yet still manage to rally. The masses are certainly quite trusting in the "Powers That Be."
If you are like me and not so trusting, this is a great time to self-direct your retirement funds and put them into something more stable while the economy shakes out. We have some very clear indicators that housing hasn't bottomed out in the high priced markets. I personally only recommend short term holds in those areas.
But many of the linear markets are holding steady and even moving upward in pricing. In some of these markets, the homes are virtually free. All you pay for is the rehab. I just don't see how prices can go lower than that. In many cases, those homes rent monthly for 2% or more of purchase price. The returns are upwards of 14% and with financing, ROI can be as high as 35%. This is a steady and solid income stream that you won't see from the self-serving "Powers That Be" on Wall Street.
Speaking of which...
Did you find your blood boiling at the news that your taxpayer dollars are going to help bail out Greece? If not, perhaps you weren't aware that 9% of the country's population works for the government (1M out of 11M). These government employees get paid for 14 months of the year instead of 12, retire at age 53 and enjoy a pension of 80% of their salary. It's no wonder they're putting up a fight to keep things the way they are, and the U.S. is happy to enable...
It's obvious that this kind of spending is unsustainable, so why would we reward it? Well, we asked that same question when our leaders bailed out Goldman Sachs, Wall Street, GM, Chrysler, Fannie and Freddie.
The real question is how do we control a run-away government who doesn't listen to the needs of its people and spends taxpayer money on mismanaged companies and foreign countries in the midst of its own major economic crisis? It's almost as if the decisions being made are deliberately meant to destroy us.
The answer: Abolish the Federal Reserve. The Fed is a private corporation run by the heads of the top banking and Wall Street companies. It is not federal, it's not a bank, and it has no reserves. But it does have the power to manipulate our economy to best serve its member's interest.
The founders of the Federal Reserve and the central banking concept are from Europe, thus the decision to bail out their own is not surprising. After all, the Euro was created to compete against the dollar and eventually overthrow it as the world's reserve currency.
Some senators have asked for an audit of the Federal Reserve, but so far it has come back as "impossible" and harmful to the security of the United States. No surprise, since most of Washington has been bought by these guys too. The Federal Reserve gives politicians the ability to create dollars for anything they need to stay in office. It's been happening since the Fed was formed in 1913. Who ends up paying for all the created money? We do, through inflation.
What can we do? First, protect yourself by getting your money out of dollars. Second, get the facts and then expose the truth to the struggling middle class, before it's too late.
United, we are strong! Unaware, we are bulldozed.
Tags: Current Events, dollars decline, federal reserve, Market Indicators
An excellent article. Heard your enlightening interview on Bill Jacobs program, KCMX, Medford, Oregon, this morning and accessed your website with interest.
I've been thinking about all these ideas...noticing houses way, way down in asking price, and thinking, "Now is the time to invest." For now, we own a duplex and the smaller side pays half our mortgage.