The government and big corporations… the Biggest Collapse “Preppers” of All!

Many economists say that if the bailouts didn’t happen, a few banks and their investors would have lost some of their money, and the world would have moved on.

But the bailouts happened because these people claimed the entire worldwide economy would “collapse”.

This is the biggest crime of our time… inspiring crippling fear of “total economic collapse” where Hollywood directors would have everyone’s head exploding simultaneously.

But what we really have isn’t a threat of “total financial collapse”—just a big crash. A lot of people would lose a lot of money, but it would be very much like 2008 was… and 2001 was.

Maybe more widespread and maybe deeper losses. But no exploding heads or cannibalism.

Here’s Proof…

The fuel for the economy is [Read more...]

Which Money Mindset Are You?

pyschology-money-3

The most common money mindset is:

Positive Seeking + Negative Blocking = Sitting Duck

This is what makes bubbles and boom-bust cycles. Most people are a sitting duck each time a bust comes and they lose a lot of money. They know seeking out the positive can be helpful, but they keep hearing “nobody could have seen that coming” or “it surprised us all” as excuses from stupid financial advisors, stupid economists, stupid analysts, stupid politicians, and stupid news anchors. It’s frustrating but the average person doesn’t know that they can do anything about it.

The 2nd money mindset is:

Negative Seeking + Negative Confronting = Stress, Fear, Disease, & Death

When one learns about things working differently than they had thought they did, it’s often presented as “bad news that you can do nothing about.” So while an investor might confront the fact that economic crisis events happen, he concludes nothing can be done to avoid losing tons of money in them. This can cause a “bad news” downward spiral, causing stress and fear, which then can contribute to disease and early death.

While it’s true such a bad outcome is the result of choice, this 2nd mindset prohibits its host from seeing it that way.

The amazingly powerful, but rare 3rd money mindset is: [Read more...]

3 Reasons To Put Real Physical Gold In Your IRA

gold in IRA

Last month I taught a webinar about using Self-Directed IRAs, and I did a Q&A session at the end.

Guess what the #1 question was?

Can I put Real Physical Gold in my IRA, and if so how do I do it?

And I think those investors are on the right track. Real Physical Gold is a major part of my portfolio, and for 3 reasons:

  1. Wealth Preservation
  2. Ongoing Wealth Growth
  3. “Collapse Insurance” Windfall Profits

Most people know about #1. Gold has been storing value successfully for over 3000 years.

On the other hand the dollar is a type of currency known as a “fiat currency” and these have a 100% failure rate. Historically, they’ve always gone to zero.

That usually happens with fiat currencies after about 30 or 40 years, and the dollar became a fiat currency in 1971. (Thanks, Nixon)

That means there’s a really big chance that the dollar could collapse to hyperinflation like all the other fiat currencies have.

Which brings us to #3… [Read more...]

Will the Government Take Away Your IRAs?

There’s been a lot of talk out there about the government taking away retirement accounts, just like has been done in Portugal, Poland, and already for some in the U.S.

For years, I’ve been teaching how to block that kind of thing from happening to you and keep your retirement funds safe :-)

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The “Jury” Decides on ROBS – Can you legally fund a business purchase or startup with a Self-Directed 401k?

Boy do I get a lot of blowback every time I share my findings about why the government has declared ROBS illegal!

Why is there not a specific government ruling on ROBS?

Great question!

It’s because once an issue has been ruled on, they don’t repeatedly consider it. “They” are the Department of Labor, and the first step of learning about Self-Directed IRA and 401(k) rules is finding out that “prohibited transactions” are an issue outside the jurisdiction of the IRS and in the hands of the Department of Labor (DOL).

When ROBS Was Ruled On

It was 2006. Debra Buchanan, the creator of the IRA LLC, asked the DOL a question about [Read more...]