Sunday, June 19, 2016

Gold World News Flash

Gold World News Flash


Gold Would be $2,000 or $3,000 Without Central Bank Intervention – Dave Kranzler

Posted: 18 Jun 2016 10:00 PM PDT

Fear of crash in China arises from that government's own deception, Leeb tells KWN

Posted: 18 Jun 2016 07:17 PM PDT

10:15p ET Saturday, June 18, 2016

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb tells King World News that fear of an economic crash in China arises from deception concocted by the Chinese government itself and that the country, with 1.5 billion people expecting a higher standard of living, continues to need not just commodities but the monetary metals as well. An excerpt from the interview is posted at KWN here:

http://kingworldnews.com/alert-china-now-stockpiling-massive-amounts-of-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold price suppression running into trouble, Murphy tells Future Money Trends

Posted: 18 Jun 2016 06:58 PM PDT

9:58p ET Saturday, June 18, 2016

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed this week by Dan Ameduri of Future Money Trends, discusses signs that central banks and bullion banks are having more trouble keeping the gold price down. Murphy also laments the disparagement of GATA as a "conspiracy theory" organization even as most big financial institutions have confessed in recent months to illegal collusion in the markets. The interview is 14 minutes long and can be heard at Future Money Trends here:

http://www.futuremoneytrends.com/trend-videos/interviews/gold-cartel-bre...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Strength of Gold Affirmed by Mainstream Media, Not Dependent on Brexit

Posted: 18 Jun 2016 06:30 PM PDT

from The Daily Bell:

Gold price hit another high this week – how can you invest? – The Week

Gold didn't just have a good week, it's having a good year.

Gold prices have moved up significantly since May 2014 and gained even more momentum since the beginning of 2016. Gold is the best performing major asset class this year.

A spate of positive articles in the mainstream media regarding the progress of both gold and silver contribute to a sense of building momentum. The regular negative, mainstream coverage that gold and silver receive is lessening.

Thursday, metals progress against the dollar slowed, at least in part because of the murder of Jo Cox in Britain.

John Rappoport, an alternative media blogger put the predictable coverage into perspective with a post entitled, "Jo Cox murdered: now comes the pysop."

Rappoport's believes that Cox's death was exploited to slow the momentum of Brexit, which helped drive the dollar down against gold. He writes:

… A British MP, Jo Cox, who has urged Brits to remain, is murdered.  The man who is arrested, Thomas Mair, is alleged to have shouted "Britain First!" (Brexit) as he killed Cox.

However, now witnesses on the scene are saying they heard no such thing.  Too late. Social media and news media are running with the "Britain First, Brexit killer" narrative.

He points out that Mair himself stated he was on medication:

Read More @ TheDailyBell.com

Silver to the Moon After FED Fails to Raise Rates – Chris Marchese

Posted: 18 Jun 2016 06:00 PM PDT

Making 'The Unthinkable' The New Reality - Hogs To Slaughter

Posted: 18 Jun 2016 05:05 PM PDT

Submitted by HardScrabbleFarmer via The Burning Platform blog,

America is a third world country, it’s just not ready to accept that reality yet. Politically it is thoroughly corrupted, economically it is too deeply indebted to ever extricate itself, morally it is without direction, rudderless in dangerous seas and heading for the rocks.

The divides between the wealthy and the impoverished too wide to ever cross, the races and generations set against one another deliberately, provoked hourly by the very people who should be doing everything possible to unite them, armed to the teeth, seething with rage, neutered or enraged by pharmaceuticals, depending upon the age and gender, divided by sex, generations of fatherless children at every level raising up children who have no connection to anything that isn’t coming from a glowing screen- and all the while deliberately it seems, provoking hostility with every nation, every race, every people and persuasion in order to stir up a seething cauldron of slights and revenge for the coming reckoning.

Those once magnificent buildings will burn and the swarms that dwelt there will fan out, like flames across the face of the old nation looking to settle the score, imagined or real.

Last night I had a dream. One of the last things I did before I called it quits just after dark was to feed the hogs. I stood on the tailgate of the truck and emptied bags of watermelon rinds and soft mangoes, wilted heads of lettuce, bunches of carrots, apples, sweet yellow hothouse peppers imported from Holland, strawberries by the gallon, string beans, potatoes, cabbages and onions. The sows stood up on the fence rails and lifted their snouts to me to pet, their way of thanking me for the meal although they’d waited all day long for it.

When I finished I broke down the cardboard boxes and rolled up the empty plastic bags and then filled their troughs with fifty gallons of fresh, cool water. The Moon wasn’t quite full and Mars just beneath it, glowing like a jewel, and in the distance the large thunderheads were tipped pink from the last rays of the distant Sun, barn swallows streaking across the top of the orchard feasting on the mosquitoes that came to life in the cooling air.

I thought about these hogs, always hungry, always anticipating the next feeding and how easy they have become to manage since I discovered that simple secret. They will sit patiently waiting for me to bring them food rather than try and escape and find something to eat on their own. They are spoiled by their good fortune, fattening themselves on the food I bring them until they produce the things we require of them- piglets to sell and sausage and bacon to eat. I cannot imagine that the people who have managed to gain control of the levers of power in this world have not only learned from these kinds of lessons, but perfected the intricacies of human manipulation; psychological, pharmaceutical, social and spiritual.

I dreamed that the reasons that government checks and benefits were doled out monthly was no different than the reason I feed the pigs only once a day in large quantities. They grow dependent upon it, it is just large enough to make them feel for the moment like they have something substantial and to be excited about it and so remain close to the source of that disbursement, but it is not enough for them to ever be able to put away for the future so they might have the chance to escape that perpetual bondage, and by the end of their waiting there is only the hunger for the next allotment. No one would choose to live that way voluntarily and so they are led there, like the farmer with his bucket of slops, tapping the edge with a stick as he walks back to the enclosure, every head tilted in his direction, every eye glued to the pail.

The people who run the show know what they’re doing in such minute detail that the exact dollar figure of public assistance must have been studied to the last cent. This much and no more. How they slowly altered the values one at a time to make the unthinkable the new reality. Who could possibly father children and then abandon them? Who could accept from another the sustenance of life while never trying to participate in your own? At each step they added another rail, a new line of wire to the enclosure that is the life of the human livestock. And how many so readily accepted their own confinement and subjugation.

Emergency Staff at Orlando Regional Medical Center Being FORCED to Sign Non-Disclosure Agreements

Posted: 18 Jun 2016 04:55 PM PDT

from SuperStation95:

In a strange twist to the mass-murder at the Pulse Nightclub in Orlando, FL last weekend, SuperStation95 has learned that Emergency Room staff are being coerced by federal agents into signing a Non-Disclosure Agreement for all aspects of the Pulse Nightclub Shooting incident. Anyone who refuses is allegedly walked right out the door by federal agents!

What are they hiding?

The HIPAA law already protects patient privacy, so staff are already forbidden to discuss patient injuries or treatment. What else could be going on in that hospital, connected to this incident, that the feds want to keep secret?

Too bad for the government that the harder they try to conceal the facts, the MORE INFORMATION flows to us in the media! Like the photo above; and a lot (really a LOT) more!

SECOND SHOOTER: Byrion Parks?

For instance, when will the authorities in Florida reveal that an individual allegedly named Byrion Parks was arrested as a “second shooter” in a bathroom on Floor 6A of the Orlando Regional Medical Center on the night of the Pulse Nightclub shooting . . . only to be RELEASED by police?

It was, after all, this person who allegedly triggered the “Silver Alert” inside the hospital causing it to go into lock-down.

A Silver Alert is the code at the Orlando Regional Medical Center for “active shooter in the building.”

Was Byrion Parks a second shooter or was he just another victim?

POLICE NOT COOPERATIVE

The Media Relations telephone at Orlando Police Headquarters is never answered by a person. All calls go to voice mail and at the end of the greeting, media callers find out “This mailbox is full and cannot accept any messages.” It’s been this way for about a week.

Why isn’t the Orlando Police Department cooperating with the media?

ACTORS WITH IMDb.com PROFILES = “Victims”

A number of the people being shown on television as “victims” of this incident have been shown to have profiles as “Actors” on the IMDb actor registry web site . . . including the alleged Shooter, Omar Mateen!

How is it that so many “Actors” just happen to be involved in this “attack?”

VIDEO SHOWS “VICTIMS” BEING CARRIED — THROUGH ACTIVE CRIME ZONE!

Video broadcast by the media has showed several “victims” with blood coming out of a pants leg, being carried past an MRI facility and a Dunkin Donuts, both on the same side of the street as the Pulse Nightclub, but both of which are several hundred feet away from the Pulse Nightclub, and nowhere near the police line set up near the club. Yet these “victims” are shown on TV being carried back toward the Pulse Nightclub, WHILE THE SHOOTER IS STILL ALIVE!

If these people were actually shot, how did they manage to get several hundred feet up the road — where there were no police — just to be carried back through an active shooting zone, be conveniently walked past the cameras, then loaded onto pick-up trucks to be removed from the scene?

FBI TOLD SHOOTERS 1st WIFE “CONCEAL HE WAS GAY”

The former wife of alleged shooter Omar Mateen has publicly stated Mateen was gay. SHe has also publicly revealed that federal agents repeatedly told her to keep that information quiet! The feds were allegedly emphatic with the first wife, that she not reveal Omar Mateen had gay tendencies. Why?

In whose interest would it be to conceal the fact that the guy may have been gay? Why ask the first wife to keep it quiet?

Read More @ SuperStation95.com

So You Didn't Get Rich...

Posted: 18 Jun 2016 03:55 PM PDT

Submitted by Mark Ford via InternationalMan.com,

Waa! It’s not fair!

We baby boomers were told that if we worked hard and saved, we could spend the last quarter of our lives living comfortably and free from financial worries. Our parents told us. Our employers told us. Even the government told us.

How often, during our years of toil, did we daydream about those future days? The leisurely breakfasts, the afternoons golfing, dinners with friends, weekends with our grandchildren…

(Note to younger people: Don’t stop reading. What I’m saying here applies to you too—in spades!)

But now that we are reaching retirement age, the promise is beginning to feel like a fraud.

For many of us, a financially secure, worry-free retirement no longer seems possible.

Not to worry. I’m going to give you my best advice on how to create a very attractive retirement from what looks to be a seemingly impossible financial situation.

After scaring you with some numbers in this essay, I’m going to spend the next installment telling you how to fix anything you may have been doing wrong. I’ll also give you some realistic suggestions for acquiring wealth—no matter how much you have to start with—while you are still willing and able to work for it.

Finally, I’ll give you an idea for how you can retire very comfortably—and very soon—on a modest income. And by “modest,” I mean less than $40,000 per year.

What Happened to the Dream?

What happened, fellow boomers? How did we fail? Did we work too few hours? Too few years? Did we spend more than we should have? Or fail to save… or save too little? Did we invest poorly?

What happened was a combination of “surprises.” Some predictable. Some not so much…

1. We worked hard, but we didn’t get meaningful wage increases.

As a group, we boomers worked more than we were required to throughout our careers. Not only did we work more than 40 hours per week, our productivity nearly doubled between 1979 and 2013 (according to the Bureau of Labor Statistics).

And we are still working hard. According to the Current Population Survey, the full-time working boomer aged 55-plus is still averaging 42.4 hours per week. (The most recent data is from 2013.)

The problem was that, over the long haul, our wages did not keep pace with inflation.

From 1948–1979, wages adjusted for inflation rose 93.4%, according to the Economic Policy Institute. The wage rate increases were beating the slow rise of inflation—big time.

Now look at what happened in the late-1970s…

In 1979 (some sources say as early as 1972), wages went flat. For the next 35 years, as we boomers passed through our late teens, 20s, 30s, and 40s, real wages increased only about 8%.

And since 2009, the tide has reversed. Real hourly wages are once again on the decline.

So while our bills continued to rise, our take-home pay, in real dollars, didn’t—and still doesn’t—keep pace with inflation.

2. We saved less and less.

According to various sources, the average boomer has had an average annual disposable income of $24,000. The problem is: We squandered a lot of it.

Take a look at the following chart. It shows the personal saving rate of Americans since 1960. As you can see, it fell from a high in the mid-1970s to 0.8% in the early 2000s.

[The personal saving rate is the percentage of disposable income set aside in savings. Disposable income is the amount of money available after taxes have been deducted.]

Americans Have Been Saving Less and Less Since the Mid-1970s

Since boomers made up 33% of the U.S. population during those years, it’s safe to say the general downward trend applies to us too. From our late teens through our 40s and 50s, we saved less and less.

3. We took on a lot of debt.

Here’s another chart, this one showing the household debt service ratio (DSR) since the 1980s.

[The DSR is an estimate of the ratio of debt payments to disposable personal income.]

From 1993–2007, the Debt Service Ratio Increased 27%

Notice how in 1980 household financial obligations represented around 11% of disposable income. That increased for over two decades.

So we saved less and, since our wages hardly moved, we were forced to take on more debt to support our bad spending habits. (I’ll talk more about this in a moment.)

For the little we did save, we put a bit of it in the stock market. Which leads us to yet another slew of “predictable surprises”…

4. We were poor investors.

Based on analysis done by Pew Research and others, the average retirement-age American today has managed to accumulate a net worth of about $230,000. About $150,000 of that is socked away in some type of retirement account(s).

Now, the average retirement-age American would have done quite well in his retirement account(s)… had he not let himself get in the way.

You see, the S&P 500 has returned an average of around 11% annually since the mid-1980s.

However, the average U.S. investor in U.S. stock funds earned only 3.7% annually over the past 30 years. (I’m using the mid-1980s because that’s when the first of the boomers hit their mid-30s. And the mid-30s are when big income increases start to happen and people are finally able to put a little aside for savings… and investing.)

So, in theory, if a 35-year-old boomer would have parked $15,000 in the S&P 500 in 1984—and didn’t touch it—the stock market would have grown that to over $350,000.

Instead, at the 3.7% return the average investor managed, that $15,000 investment in the stock market grew to just shy of $45,000.

How is it even possible that so many of us managed to underperform the stock market by so much for three decades?

We weren’t the smartest investors.

Most investors—not just boomers—chase returns. They jump on a stock after it’s already made a big run. And they cling to a sinking one far too long, hoping for a turnaround.

5. We invested through some nasty market crashes.

The crash of 1987 (when we boomers were 23–41 years old) was the first big shakeout.

On Black Monday, the Dow lost 22.6%, or $500 billion. This was the largest single-day market crash in history.

Then there was the bursting of the tech (“dot-com”) bubble in March 2000. From top to bottom, the Nasdaq composite lost 78% of its value from 2000–2002. Tech fund investors were hit even harder.

I remember how confident some of my peers were about the tech market right up until the crash. Though they never told me the numbers, I know that a few of them were devastated. If you had jumped on the bandwagon and invested in tech funds at the Nasdaq’s high in 2000, you would have likely lost three-quarters of your investment just two short years later.

And despite having lived through these experiences…

6. We still didn’t learn our lesson.

Getting back to our love affair with debt—we made yet another critical mistake. Not only did we save less and take on more debt, we attempted to live well beyond our means.

When housing and land prices became too inflated in the early 2000s, we got greedy and ate up the crummy subprime loans the banks offered us. We saw low interest rates and overleveraged ourselves to buy a bigger house, a faster car, a more luxurious life. (“We doubled productivity! We earned it!”)

The real estate bubble burst in 2007–2008 and real estate prices plummeted. That triggered yet another stock market crash, which lost us many more millions.

According to the Mortgage Bankers Association, as many as 3 million homes fell into foreclosure during the Great Recession. In some popular retirement spots, like Nevada, as much as 57% of homeowners still owe more on their mortgages than their homes are worth.

What Retirement Looks Like for the Average Baby Boomer Today

So here we are now.

Given all of the above, things are looking bleak. And it only gets worse.

As I mentioned earlier, the average retirement-age American today has a net worth of about $230,000. Around $150,000 of that is in one or more retirement accounts.

Still, will these numbers support a comfortable retirement?

Let’s do the math…

Assuming a 3.7% average annual return (the average return of most stock investors), a $150,000 retirement fund would return $5,550 per year, or $462.50 per month.

Now, keep in mind that this includes capital returns. Not just cash returns. So even if you wanted to spend this entire amount, it wouldn’t be possible (without selling some of your investments and facing capital gains taxes).

But for simplicity’s sake, let’s just use the $5,550 number.

Five thousand per year won’t buy you much in today’s world. And it will buy less each year as inflation erodes the value of the dollar. Luckily for most people, retirement accounts are only one source of retirement income. Social Security is another source.

The average Social Security income for retired workers in 2013 was $1,306 per month, or $15,672 per year.

So for the average person approaching retirement age, their retirement accounts and Social Security gets them to $1,768.50 per month, or $21,222 per year.

For one in three retirees, a third source of income is pension payouts. The median private pension benefit for individuals aged 65 and older in 2013 was $8,612. The median government (state or local) pension benefit was $20,276.

Put all that information together and retirees can expect an average monthly income of $1,700–$3,400 per month.

What sort of retirement lifestyles would this range of income afford?

Consider the following:

  • The current median rent in the U.S. is $1,471. The average three-bedroom, two-bath apartment will cost you $1,300-1,700 per month.
  • The average monthly electric bill for said house will cost around $107 per month.
  • The average cable/internet bill is around $64 per month.
  • The average annual golf club dues are around $520 per month.
  • The average restaurant meal costs around $26 for two people, and retirees dined out an average of 193 times in 2013… or 16 times per month. That’s $418 per month on restaurants.
  • The average annual budget for travel for retirees is $7,700. Retirees apparently plan to travel four times per year in their golden years (though I’m unsure how $7,700 will cover that). If we break it down monthly, that’s $641 per month.

Basic housing expenses, a golf membership, a few meals out each week, and a trip every three months sounds pleasant enough… though far from luxurious.

But here’s the problem: Someone earning an average amount won’t be able to afford this lifestyle on passive income alone.

And we haven’t even considered gas, groceries, haircuts, gifts for the grandchildren, and an occasional movie.

And what about health care?

The average retiree should expect to spend $220,000 out of pocket on health care during retirement—not including long-term care.

Let’s be conservative and say your retirement will last 20 years. That’s about $11,000 per year for health care, or $917 per month.

Add it all up—assuming another $2,000 per year for the expenses we haven’t yet accounted for—and you’re looking at costs of about $4,300 per month, or nearly $52,000 per year.

Keep in mind, too, that $52,000 is going to climb as inflation marches higher.

If you’re just pulling from your retirement account to make up the difference, you’re going to run out of money several years before you die. Even if you’re earning on the high end of average, you’re still looking at a shortfall of about $1,000 a month. The return on your investments just isn’t enough to make up the difference.

So let’s assume that you are nearing or at retirement age, and you can’t even come close to $52,000 in income.

Or—forget that—what if you just want to stop worrying and stressing over your current financial situation altogether?

What should you do?

I have some solutions. Five of them, in fact.

Fair warning: The information below might be difficult to take. But if you stick with it to the end, my bet is that you’ll feel a lot better about your situation. In fact, many of my longtime readers have taken this plan and broken free of financial worry completely.

More importantly, you’ll have a plan of action.

 

1. Be realistic about what you can expect from stocks.

First and foremost, you must recognize that you will not be able “make up” for the past by implementing any sort of short-term stock strategy in hopes of catching a big takeoff.

No matter what investment service you use, you wouldn’t be able to double or triple your money in 10 years or less without taking wild risks.

If you just had a portfolio that matched market averages, you’d only get 7–10% per year.

Take the sum of all your stock investments and multiply that by 7–10% per year for, say, 10 years and you will have a realistic idea of what to expect.

Write that number down. Don’t be tempted to make it bigger by telling yourself you will make 15% or 20% every year. It is possible that you could do that. But if you move all your money into speculative stock strategies, it is more likely that you will end up with much less than 7%.

2. Accept the fact that you may have to continue working.

Hear me out…

When your heart is set on retiring at 65, you may feel like working beyond that age will be a living hell.

But it doesn’t have to be. I’ve retired three times so far (at 39, 49, and 59). And each time, I found that going back to work was a welcome relief.

And I’m not only speaking from my own experience alone. I’ve advised many people to keep working in retirement and they have found a great deal of satisfaction in turning their hobbies and passions into second and third careers.

You don’t have to keep doing the work that you have been doing. You might be able to move into a consulting or freelance position with your current employer. Or follow a dream and start your own business. I have dozens of ideas you could try… which I’ll tell you about shortly.

But if you need to continue to work, you need to continue. The moment you accept that fact, the odiousness of working will dissipate. You might even be okay with it. Heck, you might eventually be thrilled with it.

My view on this subject is that one should never give up active work entirely. That’s because work provides great and sustaining fulfillment. Especially if it involves learning something new or following a passion or hobby.

3. Develop an additional stream of income.

Recognize another financial fact of life: the amount of money you have to save and invest, after you take away assets you plan to keep forever (like your house or your wife’s jewelry), is the single most important factor in building wealth. I call this your “net investable wealth,” or N.I.W.

You won’t hear this from brokers or bankers or stock market analysts. They won’t say it because it shatters the myth that clever stock market investing is the cure for all financial problems.

Fact is, stock investing alone can’t give you the wealth you need for retirement. Eking out a few percentage points on an investment portfolio will not solve your problem of needing more income now.

You must increase your income by other means—none of which will incur fees and commissions from your stockbroker. And none of which will be subject to the sort of volatility the market is likely to face in future downturns.

So how are you going to do that? How are you going to increase your income now, at this stage of your life?

The answer may not please you, but you must come up with a strategy to make more money from a business you have or work for.

You must also create a second stream of income. And this is so important that you have to find an hour or two every day to devote to making it happen.

I am not going to tell you exactly how to do that here. But I’m going to suggest that you check out a program I created called the Extra Income Project.

I’ve spent five years working with a team of people to develop a series of reports and how-to guides for developing income from a side business or hobby. All 36 of the individual income strategies we currently cover (plus another 10-plus we have in the works) are based on my own and my mentees’ personal experiences successfully earning money in this way.

If you want to immediately make more money, I’m telling you: This is the way to do it. This is the fastest way to grow your income.

4. Consider—or reconsider—real estate investing.

I don’t mean the kind of real estate investing that is advertised on late-night infomercials, but income-generating real estate investing. The kind of real estate investing that I do.

This strategy will give you income almost immediately. And it may very well give you asset appreciation—which can add to your net worth considerably in 10 years or less.

By the way, contrary to common opinion, you don’t need a massive investment to get into rental real estate. You can get started by pooling money with one or two friends and going in on a few properties.

Really, to be a successful rental real estate investor, all you need is three things: money, knowledge, and time. This is true of most investments, but the good news is that with rental real estate, you don’t need a lot of any one of them. In fact, with the right deal, a partner, and leverage, you can get into a lucrative rental real estate property for as little as $10,000.

Real estate is not difficult to understand. It is very much a simple supply-and-demand sort of investment. I have been able to make millions doing it and avoid the bubble without ever taking a course or getting a license or any of that stuff.

5. Retire this year on $40,000 or less.

Finally, once you increase your income, your next step should be to decrease your expenses.

Because there is a way to enjoy a dream retirement, even if your income is limited to $40,000 or less.

Imagine, you wake up when you want to and spend a half hour walking on the beach. On the way back, you buy fresh red snapper from your favorite local fish vendor.

You enjoy breakfast served to you on your private porch. Afterward, you work on your novel or you paint. Then you take a nap.

You have lunch at your regular table in the corner. After lunch, you check on the money you made from your side business today ($500). Then you take another nap.

In the late afternoon, you visit some of your friends. At sunset, you have drinks with your spouse at a beachside bar and listen to a young man play his guitar.

Does that sound good?

Many of my friends are living this dream currently. And not because they’re rich.

They’re able to live in luxury by moving abroad. What I just described to you is a typical day in Nicaragua for many retired American expats—many of them who started with a smaller than average retirement fund.

Even in nice areas in Nicaragua, property costs and rents are low. Taxes are low. The cost of living is low. Health care is affordable, and the quality is on par

Shanghai Silver Deliveries Are Booming

Posted: 18 Jun 2016 03:47 PM PDT

Orlando, Hillary, Obama, Trump -- Joel Skousen

Posted: 18 Jun 2016 03:41 PM PDT

Jeff Rense & Joel Skousen - Orlando, Hillary, Obama, Trump Clip from June 13 , 2016 - guest Joel Skousen on the Jeff Rense Program. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers...

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Full Event: Donald Trump Rally in Las Vegas, NV (6-18-16)

Posted: 18 Jun 2016 03:00 PM PDT

Saturday, June 18, 2016: Full replay of the Donald J. Trump for President rally in Las Vegas, NV at Mystère Theater at Treasure Island. . Full Event: Donald Trump Rally/Speech in Las Vegas, NV (6-18-16) The Financial Armageddon Economic Collapse Blog tracks trends and forecasts ,...

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Jim Rogers – Libertarian Party is the Future, US Will Not Be Able to Restructure Debt

Posted: 18 Jun 2016 02:30 PM PDT

from JBurdman7:

Economic collapse will bring about political change in favor of the Libertarian Party. The US budget will not be balanced.[US debt will not be restructured.] “What is going to happen is that the US will print a lot of money and the US dollar will become a lot less valuable.” “People with pensions, especially government pensions, will find out that things are seriously wrong.” IRAs and 401Ks will be confiscated and replaced with government bonds. A catastrophe is coming but consider that in Chinese the word for crisis is related to the word for opportunity. So be ready. Be prepared. Things will be horrible, but look for wēi jī. Opportunity in crisis. Recorded at the 2016 Libertarian Party Convention, Rosen Centre Hotel and Resort, Orlando, FL, May 27, 2016.

Trump : Bernie is CRAZY as a BED BUG!

Posted: 18 Jun 2016 01:46 PM PDT

Donald Trump on Crazy Bernie Sanders "He is CRAZY as a BED BUG!" The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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WARNING: China Sold 38% of U.S. Stocks! Deficit 7 Year High!

Posted: 18 Jun 2016 01:30 PM PDT

WARNING: China Sold 38% of U.S. Stocks! Deficit 7 Year High! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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A Prophetic Message about Donald Trump

Posted: 18 Jun 2016 01:00 PM PDT

Mary Colbert and Mark Taylor reveal prophetic messages they received about Donald Trump. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Central Banks Will Replace Your Money In Banks With Future Dated Government Bond

Posted: 18 Jun 2016 12:56 PM PDT

David Quintieri:The Central Banks Will Replace Your Money In Banks With Future Dated Government Bond Economic collapse and financial crisis is rising any moment. Getting informed about collapse and crisis may earn you, or prevent to lose money. Do you want to be informed with Max Keiser,...

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Arnold Schwarzenegger On Donald Trump, The Republican Party And 2016 | Meet The Press | NBC News

Posted: 18 Jun 2016 12:30 PM PDT

Former California Governor Arnold Schwarzenegger joins Meet the Press to discuss what it's like running for office as an outsider candidate. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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Orlando Shooting HOAX : Crisis Actor Returns AGAIN Happy About "Dead" Son

Posted: 18 Jun 2016 12:00 PM PDT

The conclusion to this fake jokers act...Cooper's face is like: Damn, this bitch can NOT act The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Full Moon on Solstice, First Time in 68 Years!

Posted: 18 Jun 2016 11:59 AM PDT

Full Moon on Solstice, First Time in 68 Years! by Meg Benedicte June 17, 2016 The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Gold And Silver – Insanity Is World “Norm.” Keep Stacking!

Posted: 18 Jun 2016 07:49 AM PDT

We know of no discernible line where stupid begins; for sure, it does not end. There are two primary reasons for the never-ending goal of buying and holding physical gold and silver: 1. Both are the only valid form of money. Yeah, yeah, anyone can argue sea shells, livestock, whale’s teeth, barter, any form of paper, etc, etc, etc, but none of them will fly now or even in the last century. When all is said and done, throughout the history of mankind, gold and silver rule.

Gold Stocks - Bull Markets that Follow Epic Bears

Posted: 18 Jun 2016 07:42 AM PDT

The gold mining stocks continue to defy any bearish price action or perceived bearish development. Pundits first warned because of the “bearish” CoT data. The commercials are always right and a big decline is coming! Then we heard the miners were too overbought and would have to correct 20%. (I thought this once or twice!) Next we heard Gold was forming a head and shoulders top. Conventional analysis is failing in trying to predict or even explain what is happening and why. A look at history helps explain why the gold mining sector has remained extremely strong and almost immune to any sustained correction. Simply put, history shows that epic bears give birth to bull markets that in their first year do not experience any significant correction or retracement.

Nigel Hugill: 'If there were a silver bullet then people would have fired it by now'

Posted: 18 Jun 2016 07:09 AM PDT

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Breaking News And Best Of The Web

Posted: 17 Jun 2016 06:20 PM PDT

Fed and BoJ spook the markets. Global stocks fall but US stocks recover after UK assassination temporarily suspends Brexit campaign. US factory output and inflation weak, gold tests $1,300 again. German 10-year bonds go negative and Japanese 10-years go more negative. Can US Treasuries be far behind? China’s debt, as always is causing angst.   […]

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