People expected the global economy to just continue along
- Here’s how we see the future of the global economy
- In the past you worked for a paycheck and tried
- When the IMF moves into a country…
- The biggest threat we see is…
People expected the global economy to just continue along like it’s done for decades. After all, when you look back, didn’t you do better most years over the year before? It didn’t even matter who was President, which party controlled Congress, how high taxes were, or interest rates. For example, people still made a lot of money when interest rates were 21 percent. Try selling that now.
Here’s how we see the future of the global economy. First, jobs are not coming back, not like you remember them. Most of the country’s manufacturing base and capability have moved off-shore where these American companies will never have to pay taxes in this country again. Yet, they want Americans to buy their goods.
In the past you worked for a paycheck and tried to save as much as you could. Maybe you had a pension, a 401k, or an IRA to fall back on when you retired. Apparently many people thought this way because there’s more than 21 trillion dollars of wealth sitting in these types of retirement accounts. Most people who have an IRA, or have most of their money invested in a Mutual Fund can’t tell you much about their investment. They let their financial advisor take care of that stuff because they don’t have time. They just remember checking a box that said put it all in risky investments with the potential for high returns, or put it all in safe investments like Treasury Bills from the almost bankrupt country they worked in.
Take a look at what’s happened when the IMF moves into a country to “save” their economy and give them billions in cash so they can stay barely functioning. The first thing that’s done is to implement austerity plans. In the Ukraine the average retirement benefit from the government is about $160 per month. The new austerity plans that people will be forced into, so the IMF can get paid back, will cut that $160 per month benefit in half. So, people too old to work, or too sick will not only be unable to work for money, but have half as much than they had last month.
The biggest threat we see is that the ultra-greedy and most corrupt people of the world see 21 trillion dollars lying in retirement accounts. Wouldn’t that be a great way to pay off some of their own debts and pad their pockets on the way out?
QUESTION: What should readers take away from this message today?
ANSWER: Think about what you would do if half, or more of your pension, IRA, 401k, or social security just evaporated over night.
QUESTION: Why is this information timely?
ANSWER: This information is timely because people are at a point, especially if they don’t have a job, of wondering how they will survive even in their 60’s when people used to retire. You will have to make a decision since you won’t have the money you thought you would have. Spend less, or not live as long.
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: Right now you should take your head out of the sand and study up on what’s happening in other countries and then picture what it will be like when it happens here.
COMMENTARY: Get ready to witness depopulation by individual choice, as people get squeezed out because they counted on safety nets to carry them. These people will just lose their will to live. This will rapidly build right after they decide to retire and the rules change and work against them. They will need more health care services, food will cost more, the cost of everything will increase, then the benefits that they counted on will shrink from attacks on multiple fronts. Watching the newly retired get wiped out will be shocking to witness. So, wake up to these coming changes, or go down with the ship.