Surviving and Making Money in US Financial Crisis

Promoting Entrepreneurial Revolution

I attended the Webinar of Mike Dillard of Elevator Group on How to Grow Rich (in a troubled economy)

The main theory of the presentation are:

l.  That wealth is not destroyed, it is merely transferred;
2.  The blackbox of how the rich invest money is revealed (by joining the Elevator Group

HISTORY REPEATS ITSELF

Mike mentions of an empire that employed soldiers and civil servants to beef up its empire, and printed more money resulting in inflation and eventual downfall of  the empire.  Is this USA, no, its the Roman empire.  It repeats in USA. where since 2008, in order to avoid deflation, the Federal Reserve Bank printed more (or put more money in circulation) which  caused inflation.

In the recent history, some 30 nations were into hyper inflation which included Russia, Mexico, Philippines, Germany, Taiwan, China,Brazil, Belarius, ;  2x for USA during revolutionary program and civil war.

Several stages in the development of economic growth and decline (by Michael Maloney)
l.  Country uses real money and currency
2.  Country adds civil servants and more programs
3.  Country exerts political influence spending more
4.  Country spends on the military
5.  Steals wealth from people by inflation (as result of printing more money)
6.  Transfer of wealth because of lose of value of currency
7.  People migrate to precious metals (as is happenng now)

The credit crunch of 2008 caused loss/transfer of wealth of as much as 60 trillion.

The gain in metals prices as silver exceeded increases in gain of prices of houses and other commodities.

Some more backgrounder:

l.  US employs 50% of the labor force in the US;
2.  Unemployment is close to 20%
3.  The real wealth that was transferred is close to 30%
4.  The credit downgrade of 2008 cost more interest expense for USA
5.  US official debt is at l5 trillion dollars, about l/5 of that is in China.  China is selling part of that debt elsewhere (thus making the dollar cheaper)
6.  There is more than l00 trillion dollars of pension and SSS liabilities

ALTERNATIVES:
l.  Allow debasing of currency
2.  Default on the debt.
3.  l and 2 are not acceptable:  print more money
4.  alternative sss (the 40l k, mutual funds) however 6& of the retirees must by law withdraw money annually from the fund.  However, from 23 workers supporting every l00 retirees, it is down to 3, and will soon be one.  The value of mutual funds, having a smaller market will shrink.
5.  The diminishing oil.  Cheap oil is no longer available;  much of what we have is result of oil. 

Oil will be more expensive further fueling inflation

ACTION FOR THE INVESTORS:

1.  Invest in precious metals

2.  Have investment vehicle that will be inflation proof, not affected by mutual funds withdrawal and illiquidity.

3.  the pitch:   Join EVG:
     l.  Know what to invest;
     2.  Techniques for investment
     3.  Proper connection

Elevation Group Webinar