Every time you buy Precious Metals or other assets, you are declaring your independence from Banks and Governments. You are taking wealth out of their hands and putting it into your own. This isn't advice, just what I've done. It's a tough choice, but if you decide to do it, do it soon while it's still legal, and before the government decides to seize your 401k for "the good of the country."
Sunday, December 5, 2010
Robert Kiyosaki : the 4 things that make people poor
Robert Kiyosaki :.... the 4 things that make people poor every month is number one taxes , number two is debt , car payment mortgage payment etc...three is inflation like the price of gas going up food can go up , and number four is retirement plan , those are the 4 things that make the average middle class poor but these are the very same things that make a guy like me rich , if you have financial education I can make millions of dollars and pay zero in taxes , I use debt to get rich I use inflation to get rich that's why I invest in oil gold silver and copper and I do not have a retirement plan ...
Elitists Leading On An Odyssey Of Economic Ruin
An excerpt from Bob Chapman's weekly publication.
December 4 2010: Prices to continue to rise, dollar devaluation threat, and a major loss of buying power is to come, Europe papers over the mess, housing bottom soon to appear, job cuts,
The price of commodities, particularly food and petroleum products, will be higher in the coming year, which will strain budgets more than ever for those who still have jobs. Unemployment will not get appreciably better and government debt will rise. Government is talking about raising the Social Security retirement age by three years, freezing payments and offering government guaranteed annuities in exchange for those of you that do have retirement plans. Two-thirds of those in and about to retire have only Social Security for 50% of their income. The money collected since 1935 is all gone, having been spent by past politicians. In fact, if you put all present and future commitments together you have a debt of $105 trillion.
The US wants to avoid default and devaluation of the dollar. They can raise taxes, cut spending or default on their Social Security and Medicare commitments, and commandeer personal retirement plans. In whole, or in part, these are options for government. If they cannot manage these changes then the Fed will have to increase money and credit, which is now euphemistically labeled quantitative easing. The powers behind government have looted the system perpetually, but particularly since August 15,1971, when the gold standard was abandoned and the result of this gutting and its consequences is about to manifest itself. Unemployment refuses to fall and little is being done to improve the situation. This year five million American workers lost extended unemployment benefits, as Wall Street, bailed out with taxpayer’s loans, is showering their employees with hundreds of billions of dollars in bonuses. There is no question these are the seeds of which revolution is born. We can as a result expect demonstrations and unrest, as we are now seeing in Europe, which could end up in rioting and other antisocial behavior.
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