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Find Out Why The Economy Seems As If It’s On Life Support

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Hi, my name is Brad Fisher. I specialize in studying wealth cycles and showing people how to come out on the winning side of great wealth transfers.

I’m a financial educator, speaker, and soon-to-be author. I truly believe and teach that applied knowledge with action is the key to success, and success is the key to one’s freedom.

Robert Kiyosaki was recently quoted saying, “Without financial education, your money flows to those who profit most from your financial ignorance.”

Hosea 4:6 says, “My people will perish for a lack of knowledge.”

I realized quickly at a very young age that if I was going to win, my knowledge would have to set me apart from the competition. Applied knowledge with action is absolute power.

As I’ve been studying our global economy and the situation before us, I have a very strong urgency on my heart to share a very time-sensitive message to as many people as possible before the great transition of wealth takes place.

A lot of people will freely share their opinion on the subject that I touch on today. However, I’m going to share with you quickly a few of the cold hard facts of three of the major issues that are coming down the pipe, whether we like it or not. In a later session I will also discuss how you can hedge and protect yourself from this transition, and also most importantly, how to position yourself to benefit from what I believe will be one of the largest transfers of wealth in the history of mankind.

Let’s start at the beginning. Why are we in this so-called recession or depression in the first place? Way too many people bought and built homes that shouldn’t have in the first place. Banks and people were greedy. Basically, if you could fog a mirror, you received a mortgage.

I was recently told of a lady that made $60,000 a year and had a mortgage on four houses, and another who made about $60,000 a year and had been approved for about a $750,000 mortgage. These loans were obscure and outrageous. Of course, it was only a matter of time before this house of cards fell to the floor.

The real estate boom came to a screeching halt as mortgages began to mature, and many people could not afford new mortgages or keep up with payments. See, even if a person was financially stable and could afford their payments, but their mortgage was worth more than the value of their home, they could simply hand in their keys to the banks and walk away because in the US they have what are called non-recourse loans, which means that they could not come after you personally in the event that you walked away from your mortgage payments. In Canada they have recourse loans, which means that they can come after you personally for the amount outstanding on the mortgage.

Because of this event, not only did we see a drastic drop in real estate prices all over America, but the market dropped on average 30-40%, according to the S&P 500, and many people watched their portfolios diminish. A variety of large banks and pension funds that many thought were guaranteed disappeared.

What frightens me now is how most people think that we’re through this recession, and have some talk about seeing the light at the end of the tunnel. I honestly prefer to be optimistic, and I hate to be the bearer of bad news, but what I just spoke about is nothing compared to what’s on the horizon. In fact, the very worst is yet to come.

This is not my opinion; rather, it’s a fact. If we look back through history, the most amount of people wiped out financially in the shortest amount of time were through depression and recessionary periods, mainly because of a lack of education.

These people typically were the ones that had large amounts of debts and owned paper assets such as stocks, mutual funds, pensions, etc – assets that are driven by the rest of the world’s either fear or confidence.

Now, before you get depressed, I have good news. The most amount of wealth accumulated in the shortest period of time also comes from recessions and depressions. The most amount of millionaires ever made was through the 30’s.

Remember, money doesn’t disappear. It simply transfers from one person to the next. One just needs to be educated on how to position themselves to be on the winning side of the cycle.

There are three major things that are going to hit the fan, whether we like it or not. The first is the second wave of residential and commercial mortgages that are up for renewal. Currently we’re sitting in the eye of the storm. We’re in the mess that we’re in today because of the first sub-prime wave. The second one is on the horizon.

The unfortunate part about the whole equation is that it’s much larger than the first wave. Just like any tsunami, the back-end of the storm is typically much worse than the front-end. According to the chart from the International Monetary Fund regarding the monthly mortgage resets, the largest part of this cycle is yet to arrive, somewhere in mid- to late-2011.

Remember, the first wave which was much smaller caused the markets to drop roughly 30-40%, according to the S&P 500. Real estate prices plummeted as we moved into this so-called recession.

The second issue is that governments all over the world continue to go into a deeper and deeper deficit by printing more and more of this made-up Monopoly money. When will the US government realize that they can’t continue to spend roughly $3 billion dollars more per day than they’re currently making? When will they realize that they must let the incompetent companies fail and the competent ones take over, rather than bailing out the weak corporations and passing these expenses on to the taxpayer?

We all know that the more and more you print of something, the less and less it’s worth. What people don’t realize is that every currency that has ever been printed has eventually failed at some point in time. There have been over 3,800 fiat currencies in world history that have eventually failed. Sooner or later, they all die. As soon as you remove God’s money, which is gold and silver, and replace it with man’s money, which is paper, the life expectancy of that currency drastically declines and it slowly begins to die.

Throughout history, the average life expectancy of a currency once it’s no longer backed by a tangible asset such as gold or silver is only about 30-40 years. As we’ve seen, the US is now well over-due. Once President Nixon took the US off the gold standard in 1971 without the approval of Congress, there was no longer any accountability, and this gave the government the ability to print however much money that they felt they needed.

From the time the Federal Reserve was created in 1913, it took 84 years until 2007 to put roughly $825 billion dollars of base money, which is coins and bills, into circulation. In just the last two years they doubled that amount to about $1.7 trillion.

See, in the 80’s we used to speak about millions. In the 90’s it was billions. Now we hear the word trillions. Just to put a trillion dollars into perspective, a trillion dollars is $1,000 bills stacked roughly 67 miles high. This is an astronomical amount of money, which we will soon feel the effects of, as it’s just a matter of time.

Also, the more and more money that’s created out of thin air, it causes inflation to kick in at ridiculous rates. What people don’t realize is that inflation is a hidden tax that we all pay for. We may not see and feel the effects as things slowly begin to increase in value , but we quickly begin losing the purchasing power of our currency.

This hidden tax is another way of how the banks and governments get the people to pay dearly for their great mistakes. Bank robbers no longer wear masks – rather, suits and ties while they rob the banks and the people’s accounts from the inside out. Welcome to the largest cash heist in history, taking place right before our very own eyes.

The third issue is the one that concerns me the most, and that is the baby boomers. See, nearly everything that these baby boomers have ever touched has exploded. For example, Gerber baby goods when they were babies, McDonalds and A&W when they were teenagers and out of high school, and then we have the high interest rates when they were starting to purchase their first few homes.

Then we had the minivans when they were having babies themselves, and now adult living complexes. We’ve seen a lot of those come up in the last few years. These are just some of the things that baby boomers have influenced on such a large scale.

There are roughly 75 million baby boomers on the verge of retirement, and where do you think they’ve been saving their money? It’s been stocks, mutual funds, and banks. For the majority of them, this is all that they know and this is all they’ve been taught to do.

Let’s say that each of these baby boomers pull out only $1,000 per month from their investment portfolios. This would equal about $75 billion per month, because 75 million baby boomers x $1,000 per month is $75 billion. If they withdraw the same from the government pension plan, that’s another $75 billion per month.

I don’t have to be good at math to know that $150 billion dollars coming out of these two large institutions instead of going in will cause a few major problems. There are roughly three baby boomers for every one of myself, and for the last 50 years they’ve been doing what? They’ve been working, they’ve been earning, and they’ve been saving. And where have they been doing this? Banks, stocks, and mutual funds. So what happens when three people for every one begins pulling money out of these accounts? It gets much worse.

See, according to the US government, the obligations for Social Security are approximately $10 trillion dollars, and the obligation for Medicare is about $64 trillion. That’s $74 trillion owed to the baby boomers by the US government. That’s more money than all of the money available in the entire stock market.

When you add up the second wave of residential and commercial mortgages that are coming up for renewal, the trillions and trillions of made-up Monopoly money, and the baby boomer crisis, you have what’s called a perfect storm.

Not only that, but the US dollar is the reserve currency of the entire world, and it currently makes up roughly 70% of the world’s currencies, which means that this has just turned into a global issue rather than a US one.

Countries all over the world are printing ridiculous amounts of money, no matter what the cost. They’re simply prolonging the inevitable. The longer this currency crisis continues to be pushed out, the worse and worse that it becomes.

The only good news that I can see from this is that the longer it takes before it falls, the more and more time that we have to prepare for the greatest investment opportunity of our lifetime. It doesn’t take an expert to realize that this isn’t just another recession or depression. Most people think that what we’re in now is a big deal. It’s really just a drop in the bucket compared to what’s coming down the horizon. This is a very frightening time for those who are not prepared and for those who lack financial education.

You must now ask yourself a few very important questions. If the biggest stock market crash in history does occur sometime between now and the year 2015, how will you do financially? Will you be better off or worse off? If this market crash does occur, will you be prepared for it or will you be devastated by it?

The nice thing about the preparation that I’ll show you is that if absolutely nothing happens, you’re okay, and if what I predict happens, you’ll be the recipient of one of the largest transfers of wealth in history.

There’s one catch to all this. You must act. Otherwise, you may end up on the losing side of this great wealth transfer. See, Noah had vision, but more than vision Noah had faith and courage to take action on his vision.

Being proactive, educated, and prepared is much better than the financial strategy that most people have when it comes to their investments, which is buy, hold, and hope – praying that the stock market booms and does not bust. People who believe that the stock market only goes up and never comes down don’t know and study history.

The story of Noah and the ark is a great story of a great prophet – a prophet with tremendous vision, faith, and courage. The good news is that those who are properly prepared and positioned will be the beneficiaries of the greatest transfer of wealth in the history of mankind.

I’ve now shown you what is upon the horizon. Now it’s time to show you how to protect, preserve, and prosper your wealth, and most importantly how to position yourself to be on the winning side of this massive wealth transfer.

What people need to realize is that in any crisis there is time for great opportunity for those that are educated and well-prepared, as wealth doesn’t disappear, it simply transfers from the uneducated person to the educated one. The question is, will you acquire the knowledge that is needed in order to take action and end up on the winning cycle of what I believe will be the largest transfer of wealth in the history of mankind.

If this information is of interest to you, your family, and close friends, please speak to the person who forwarded you to this video. If you would like us to continue to keep you informed about the current state of the economy, please also sign up for our free videos and we’ll be glad to add you to our email distribution list. Thank you.

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by Brad Fisher on November 2, 2013 in

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