Just a decade ago, mainstream media was interviewing Fed Chairman Ben Bernanke, and the comments being made sound eerily like the same ones being echoed today by Jerome Powell: sustained growth, though a little lower than projected, with no forseeable recession risk.
And yet, we all know how that one turned out in 2007 – 2008. The housing market crashed followed by the stock market which became known as the “Great Recession”.
But while many have been touting the economy and the perceived recovery, what most are forgetting is just how much fake money has been injected into markets to make them look safe and sustainable. Now, the truth is starting to come out as the USA is about to pass its previous record for a business expansion cycle.
And as it does, fewer Americans are buying jewelry, having sex, and buying cars.
Let’s delve into the real economy, shall we?
84% CFOs think a Recession Will Happen within 2 Years
Most CFOs and over half of all CEOs surveyed predict an economic recession is on the horizon due to the global economic slowdown. The consumer simply does not have the money to spend us back into prosperity, and debt is growing at massive rates.
How to Protect Your 401k or IRA from a Stock Market Crash
With over 10,000 Americans retiring everyday, most retirees are going to benefit from taking a good hard look at their 401k or IRA and doing some evaluating. What % of their retirement is based in stocks, bonds, cash, and precious metals?
A general rule states that a retiree’s age is the % amount that should be in bonds, with other risker investments taking up the minority share of their portfolio.
And with gold being the most undervalued it has ever been in history, many retirees are getting a rollover from their 401k or IRA into a Gold IRA for extra saftey, and to enjoy the gold bull market once the paper economy starts to fold.
Americans are Having Less Sex and Jewelry Stores are Closing Down in Record Number
What really should not surprise people, is that as younger generations of Americans still live with their parents, put off major life purchases like cars and houses, and delay marriage and childbearing (if at all), is that people are having less sex.
This comes at the same time that jewelry store giants like Zale’s and Jared’s do some housecleaning, shutting down over 400 stores in the last 2 years in an effort to meet dwindling consumer demand.
How Much Debt? You Might Be Surprised
If you thought the national debt was only $22 Trillion USD (still unpayable in reality), then you’ll be mildly shocked to learn the real figure is around 100 trillion.
This is because there are no plans to pay for social security, medicaid and medicare into the future. No one knows how we’ll ever balance a budget if we ever do, again.
Recent Federal Reserve Comments Should Alarm American Retirees Heavily Invested in the Stock Market
When 60 Minutes rolls out 3 Federal Reserve Chairs from the past 2 decades in an attempt to calm investors’ fears about markets, it’s time to seriously consider an exit strategy.
Remember, these were the same monkeys telling you everything was ok in 2006, and many retirees had to put off retiring for several years to wait for their retirement accounts, heavily invested in the stock market, to rebound after the great crash of ’08.
If we’ve learned anything, it’s to do the opposite of what the Fed tells us.