.The Key To Successful Investing Is Patience

The Key To Successful Investing Is Patience.
Tanza Loudenback 

​The CEO of a $13 billion investment firm says there's one lesson everyone has to master to build wealth: patienceThe Key To Successful Investing Is Patience

Compound interest is the most important concept to understand about money, Mellody Hobson said.

Mellody Hobson, a co-CEO of Ariel Investments, told the New York Times that the key to successful investing is patience.

Patience leads to compound interest, which is the most important concept to understand about money, Hobson said.

She cited Warren Buffett as an example of a patient investor. The CEO of Berkshire Hathaway once said, "There is nothing wrong with getting rich slowly.".

"Good things come to those who wait" is more than an old English proverb. In the investing world, it's regarded by many as the rulebook for success.

In a recent interview with the New York Times, Mellody Hobson, a co-CEO of Ariel Investments, a Chicago-based investment firm with nearly $13 billion in assets under management, said patience is one of the key ingredients to building wealth.

In fact, it's an integral part of the investing approach at Ariel Investments, where Hobson has worked for nearly 28 years, the Times' David Gelles reported.
 
"We talk about long-term patient investing, and that idea that slow and steady does win the race, that time can be your best friend when it comes to investing," Hobson told Gelles. "That's why we have a turtle as a logo at Ariel."

Hobson, who also serves on the boards of JPMorgan Chase and Starbucks, said "it's never too late" to get started investing, but regardless of where you are and who you are, the same lessons apply.

To continue reading, please go to the original article here:

https://www.businessinsider.com/ariel-investments-ceo-mellody-hobson-build-wealth-patience -advice-2019-7

How Safe Is It to Transfer Money Overseas Online?

How Safe Is It to Transfer Money Overseas Online?

Protect Your Money / By Michael Dinich

In today’s digital world, international money transfers can be done online. Whether it’s for purchasing property, remittances, or return of funds, sending money abroad has become a common thing. However, it’s essential to determine which money transfer options work best for your financial needs.

One of the vital facets that should be taken into account in the process is security. With the increasing number of scammers online, you need to keep your funds secure while getting the best deal.

Here’s what you need to know regarding international money transfers and how safe it is to make one online:

What’s an International Money Transfer?

Before anything else, let’s discuss what an international money transfer is. In its simplest terms, it’s a process in which the sender transfers money to another person overseas through a bank or a third-party service.

Wherever you are in the world, you can send money to anyone using an international money transfer service online. Under these circumstances, you may have two options to consider when completing a transferring process: These may include:

Forward Contract – In this contract, you have to set a rate but make the transfer in a future date.

Spot Contract – In this contract, you’ll get the rate available at the moment you plan to send money internationally.

How Much Does It Cost To Transfer Money Internationally?

When you transfer money overseas online, you need to think about the costs to complete the transaction. Primarily, banks and other money transfer providers offer different foreign exchange rates and additional related fees. Depending on the amount you’re planning to transfer, you can probably save some money by comparing transfer rates before sending money.

Below are the fees you should look out for when transferring funds overseas online:

International Fees – These are the fees you pay when you send or receive money from a foreign bank account.

To continue reading, please go to the original article here:

https://yourmoneygeek.com/transfer-money-overseas-online/

Three Financial Lessons From Squirrels

Three Financial Lessons From Squirrels

Protect Your Money / By David Somerville

Over the years, I have been studying wildlife in the woods behind my house.

My favorite critters are the squirrels that scamper and dash among the trees, and I spent a lot of time learning about their habits.

One of the aspects of squirrels that fascinates me is how they make it through winter.   The survival tactics of squirrels have evolved over millennia in the ultimate testing ground of Mother Nature. 

Winter survival is the wildlife equivalent of financial planning for people. Squirrels have to allocate resources, deal with risk/reward scenarios, and execute a plan consistently.

Let’s take a look at how squirrels do “financial planning” and see how we can apply that to our lives.

Three Financial Lessons From Squirrels

1. Stash Stuff Away

Most squirrels prepare for the lean times of winter by stashing away nuts and other food.  This seems like an obvious thing to do and reflects on our need always to be saving as much money as we can for our lean times.

What squirrels have taught me about stashing valuable things away is that there is no perfect plan. 

Some squirrels like the American pine squirrel, create a MASSIVE central food stash called a midden.   .  A midden can have a diameter of 30 feet and be several feet deep.  It takes considerable energy to construct a midden, but the result is enough food to last for many winters. 

This is an “all of the eggs” in a single basket approach to investing that has its obvious drawbacks.  Pine squirrels are highly territorial and have to fight to protect their middens. (midden – refuse heap/large pile)

If the midden is lost then the squirrel can starve.  On the flip side, some Pine squirrels are so successful that they end up leaving the midden to an offspring as a massive inheritance and go create a new midden in a different territory.

Other squirrels, like the grey squirrel, have a highly diversified portfolio.  They will create multiple food staches all across their territory. This approach works out well in case they happen to make a “bad investment” for one particular food stash.  A case in point is this squirrel that filled a car engine with walnuts  He lost that food stash but had more stored elsewhere!

The point is that both types of “squirrel investment plans” have their pros and cons.  What makes both kinds of plans work is that squirrels are consistently stashing and storing.  They find something that works, and they stick to it!

Pick an investment plan, get started, and be consistent.

2. Invest in Yourself

Another way that squirrels prepare for winter is by investing calories in changing their bodies.

To continue reading, please go to the original article here:

https://yourmoneygeek.com/financial-lessons-squirrels/

To Will or Not To Will?

To Will or Not To Will?

By Muhammad Ali

Generally, when I ask my Dinarians what's the first thing you want to do after RV?  Settling my debts seem to be the top answer, of course after giving thanks to the Almighty.

I had the occasional, take a long overdue holiday and get into some banking investments, but I've never had anyone tell me, I need to update my Will or get my Will done first.

It seems to me that the focus on Wills is secondary to many other things.

A few months back I met with a legal consultant on Wills, he’s been doing Will preparations here in Malaysia for the past 16 years, and he opened my eyes to a lot of very important things.

One of the key things that he told me was that there is currency over RM80 Billion (Ringgit Malaysia) in assets and funds being held by the various States due to improper Wills or no Wills at all.

That is a lot of wealth being locked up, can you just imagine for minute, if that money was in the hands of the people.  To put this in another perspective, that amount is equivalent to every person in Malaysia having RM2 Billion in their bank account.  

And it's a real shame and all due to improper planning, and some of these complications go far back to grandfathers and great grandfather’s estates. So it trickles down to Uncles and Aunts and cousins and siblings, over generations so you can see how it becomes complex.

So, I will do a little twist here and my article will not be about how to write a Will, but what happens to your family when you do not have a Will.

If you don’t have a Will when you die, your money, property and possessions will be shared out according to the law instead of your wishes. This can mean they pass to someone you hadn’t intended or that someone you want to pass things on to ends up with nothing.

Dying without a valid Will is called intestacy or dying intestate.

Some people may think, alright, after RV, once I exchange my currencies and then buy the new land and build the new home and get everything in place, only then do I need to create my Last Will and Testament.  What if you had exchanged your currencies, bought the land and before the house was even being started to build, you passed away.

Your Will, definitely will require ongoing maintaining and changes as per your asset accumulation, so please do not think it's a one-time thing.  Even if you have new children or grandchildren you'll need to update your Will.  As a matter of fact, you should have a Will now that includes your currencies and who will be the beneficiaries of it, in the case of your early demise.

In recent years there has been a major change to inheritance tax laws and for many people that has necessitated a change to their Will, even though their ultimate wishes remain the same. So this is something that you'll need to look into with your lawyer.

Depending on the amount of currency you hold and how much you will have after the RV, you may be updating your will once a year or every 2 to 5 years.  It will all depend upon what has changed around you.  Whether your family has changed, with either new additions or losses, and if your assets has changed, or if you added new assets or sold off some assets.

Now aside from the legal disbursement aspect, let's look at the psychological factors that will happen if you did no leave a Will behind.  Children, spouses and ex-spouses, and siblings will fight. And fight. And fight.

Death does not always bring out the best in people. Interestingly, the prospect of pending death is often seen as an occasion to mend fences. But once the death actually occurs, all bets are off and the gloves come on.

This is more likely to happen in families where the heirs have different socio-economic statuses. The son who can’t hold a job wants to know why his rich older brother needs yet more money. The rich older brother thinks he should be put in charge of managing the unemployed brother’s share of the estate. And so on. But the decision shouldn’t be theirs; it’s yours.

And don't forget about your pets, they may not get the care they deserve or you intended for them.  You cannot leave money or property to your dog or any other pet.  

You can, however, establish a trust for them and fund it.  It requires that you find someone who agrees to provide the care you want for your furry companion.   Shelters are filled with pets whose owners died leaving them with no place pre-arranged to live.

While we’re at it, if you have minors in your care, you need a Will to establish their custody.

Also equally important, don't forget with your life insurance policies to make sure the beneficiaries are properly updated.  Let's say you have setup a policy years ago when you were married to your first spouse and then some time later you got divorced and then re-married, but your policy beneficiary is still in the name of your Ex.  So imagine the joy on your current spouse's face when he/she finds out at that money to help him/her cover the funeral expenses and survive for the future is going to your Ex.

Another problem that may arise is you left a Simple Will; however, with the value of Net Worth you had, you actually needed a Complex Will.  You also are more likely to have your Will challenged if you decide to give more of your assets to one of your children, or if you decide to cut out a child altogether from your Will. 

Sometimes creating a complex will along with a trust will better accomplish your estate planning goals. You can create what is called a “pour over” Will. In a pour over Will, you create a trust and then state in your Will that all of your assets at your death will be poured into the trust.

When dealing with a Complex Will, you need to work out your Net Worth, your Assets and your Liabilities.  My new Companion Edition add-on to my Currency Exchange Planner will help you plan for this. 

You can enter all of your assets and your liabilities and it will calculate your net worth that you can take to your lawyer.  From there he will advise you whether you'll need a Simple Will, Complex Will or a Trust.

So to cut this short, having a thorough, carefully planned-out Will is a MUST, even more of a priority than paying off your debts at the start.  There are 4 types of Wills and I suggest you do some online research and learn the differences between them so when you present yourself to your lawyer, you're already educated. 

Get the Will done, get it out of the way and then you'll have the peace of mind to continue to settle your debts, if that is part of your planning and then work on bank investments to generate a healthy monthly income stream.

My Currency Exchange Planner and my new Companion Edition with its Advanced Wealth Management tools have been carefully and thoughtfully designed for the Dinarians at heart.

I hope you have benefited from my article.

​Thank you and I wish you all the success in your currency exchange.

Muhammad Ali  http://www.CurrencyExchangePlanner.com 

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

The Invention of Money

The Invention of Money

By John Lanchester July 29, 2019

When the system buckles, how do we know what money is really worth?

In three centuries, the heresies of two bankers became the basis of our modern economy.

When the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain.

One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260. Polo could hardly believe his eyes when he saw what the Khan was doing:

He makes his money after this fashion. He makes them take of the bark of a certain tree, in fact of the mulberry tree, the leaves of which are the food of the silkworms, these trees being so numerous that whole districts are full of them.

What they take is a certain fine white bast or skin which lies between the wood of the tree and the thick outer bark, and this they make into something resembling sheets of paper, but black. When these sheets have been prepared they are cut up into pieces of different sizes.

All these pieces of paper are issued with as much solemnity and authority as if they were of pure gold or silver; and on every piece a variety of officials, whose duty it is, have to write their names, and to put their seals.

And when all is prepared duly, the chief officer deputed by the Khan smears the seal entrusted to him with vermilion, and impresses it on the paper, so that the form of the seal remains imprinted upon it in red; the money is then authentic. Anyone forging it would be punished with death.

That last point was deeply relevant. The problem with many new forms of money is that people are reluctant to adopt them. Genghis Khan’s grandson didn’t have that difficulty.

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He took measures to insure the authenticity of his currency, and if you didn’t use it—if you wouldn’t accept it in payment, or preferred to use gold or silver or copper or iron bars or pearls or salt or coins or any of the older forms of payment prevalent in China—he would have you killed. This solved the question of uptake.

Marco Polo was right to be amazed. The instruments of trade and finance are inventions, in the same way that creations of art and discoveries of science are inventions—products of the human imagination. Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world.

That’s hard to remember: we grow used to the ways we pay our bills and are paid for our work, to the dance of numbers in our bank balances and credit-card statements. It’s only at moments when the system buckles that we start to wonder why these things are worth what they seem to be worth.

The credit crunch in 2008 triggered a panic when people throughout the financial system wondered whether the numbers on balance sheets meant what they were supposed to mean.

As a direct response to the crisis, in October, 2008, Satoshi Nakamoto, whoever he or she or they might be, published the white paper that outlined the idea of Bitcoin, a new form of money based on nothing but the power of cryptography.

The quest for new forms of money hasn’t gone away. In June of this year, Facebook unveiled Libra, global currency that draws on the architecture of Bitcoin. The idea is that the value of the new money is derived not from the imprimatur of any state but from a combination of mathematics, global connectedness, and the trust that resides in the world’s biggest social network. That’s the plan, anyway.

How safe is it? How do we know what libras or bitcoins are worth, or whether they’re worth anything? Satoshi Nakamoto’s acolytes would immediately turn those questions around and ask, How do you know what the cash in your pocket is worth?

The present moment in financial invention therefore has some similarities with the period when money in the form we currently understand it—a paper currency backed by state guarantees—was first created.

To continue reading, please go to the original article here:

https://www.newyorker.com/magazine/2019/08/05/the-invention-of-money

The Benefits of Economic Collapse

The Benefits of Economic Collapse

By Jeff Thomas

I first began to predict a major economic collapse back in 1999. Although I understood that it was at least fifteen years off and possibly more, I believed that it would be wise to begin to prepare for it then, as the actual date of collapse could not be predicted. (Better to be a few years early than even one day too late.)

Not surprisingly, back then, this prediction appeared to most people to not only be unlikely, but laughable.

Today, we’re a good bit closer to the onset of an economic crisis and it now not only seems possible, but quite likely to an increasing number of those people who are paying attention.

And not surprisingly, as so many people are now realising the inevitability of such a crisis, they’re also realising that they should have been preparing for it. Preparation for a major event such as this requires a fair bit of time and many people are belatedly coming to realise that they may be caught with their pants down when the initial crashes begin.

Whenever the inevitability of such a debacle is first recognized, the first reaction for most people is to dive into denial, saying, “It simply can’t happen. Nobody would let it happen, because nobody benefits.”

But that’s just it. Not only does someone benefit, they’ll benefit on a grand scale.

The controllers of an economy always benefit from a collapse

In 1814, Napoleon’s army went into battle at Waterloo, Belgium. The investment moguls at Capel Court in the City of London were biting their nails with worry, as the outcome of the battle would determine stock prices. If the French won, stock prices would drop dramatically. If Britain won, prices would rise dramatically.

In those days, communication was slow. it would take considerable time for the official envoy to travel from the battlefield in Belgium to London with the news of the outcome of the battle.

England’s foremost banker, Nathan Rothschild, had sent his own messenger to Waterloo with instructions to return by the fastest possible means with the news. Consequently, Mister Rothschild received the news many hours ahead of the return by official messenger.

He then was seen at the stock exchange selling as much as he could as quickly as he could. The word went out: “Rothschild knows.” This elicited a panic and others sold as quickly as they could.

Prices plummeted quickly; then, as the official envoy from Waterloo came up the Thames, Rothschild suddenly bought heavily at a rock-bottom price. Within the hour, the envoy provided the news that Britain had won the battle and prices shot through the roof, making enormous profits for Rothschild, all within one trading day.

He later called it, “The best business I ever did.”

The above tale is one that should be committed to memory, as it informs us that those who know of an economic event will most certainly capitalise on it.

Those who pull the strings make tremendous profits by manipulating an economy over the length of prosperous times, but they make just as much in crisis periods. They simply wait until an economic collapse has been completed and the dust has settled, then they buy up the remaining companies at rock-bottom prices at a time when the average investor has been wiped out. Then, when the economy begins its recovery, they ride the next wave of prosperity.

For this reason, anyone who’s in the economic driver’s seat understands that he’s best-served by creating false prosperity, then triggering its collapse, then cashing in on the collapse.

When this realisation occurs to the average investor, he more often than not declares, “Well, if that’s true, I’m toast either way.”

But this is only true if he takes a passive role in his economic future.

You can benefit from a collapse

The Mandarin word for “crisis” also means “opportunity.”

Those who are able to understand this Chinese concept have a tremendous opportunity in terms of investment. They can recognise that the coming crisis is also an opportunity.

Yes, there will be a collapse in the stock and bond markets. These will unquestionably be deflationary events, causing asset prices to crater.

But this need not spell disaster. The game is not over, but the crisis is unquestionably a game-changer.

It’s important to bear in mind that real wealth never disappears; it merely changes hands.

To prepare for the new game, the objective would be to liquidate all or most stocks, bonds and hard assets such as real estate, in advance of a crash.

Next you would wish to expatriate the proceeds to a jurisdiction that’s less likely to be a casualty of the crisis and, hopefully, would be a net-gainer at such a time.

Like those who actually pull the strings, you’d not only avoid becoming a casualty of the economic collapse, you’d stand to gain from it.

Editor’s Note: The economic trajectory is troubling. Unfortunately, there’s little any individual can practically do to change the course of these trends in motion.

The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation.

That’s precisely why bestselling author Doug Casey just released Surviving and Thriving During an Economic Collapse an urgent new PDF report. It explains what could come next and what you can do about it so you don’t become a victim. Click here to download it now..

https://internationalman.com/articles/the-benefits-of-economic-collapse/

​.How To Avoid High-Income Lifestyle Creep

How To Avoid High-Income Lifestyle Creep
By  Poor Swiss

Posted in Dinar Recaps Archives on 7/13/2019

My personal goal is to become financially free as soon as possible. As a software engineer in Switzerland, I am earning about $130,000 per year, and, lifestyle creep is one of the toughest parts of my life.

With my salary, I am viewed as a high-income earner. And, people think that earning a high-income makes it easier to become financially free.

And in many ways, it does.

But, most high-income earners are not financially free and a lot of them are not even wealthy.

Americans more credit card debt than savingsThe main reason for that is lifestyle creep, and in this post, I’m going to spill the beans about how I battled with the devastating phenomenon as well as how I’m avoiding its grasp!

And more importantly, how high-income earners can overcome lifestyle creep and achieve their own version of financial freedom!

Lifestyle Creep
Let’s start at the beginning: what is lifestyle creep?

As people earn more, they have a tendency to spend more. This means that even though you earn more money each money, you are not saving more. In other words, you aren’t acquiring additional wealth. At least, not much.

This is as simple as that. But it has a large impact on their finances.

Lifestyle creep – also known as lifestyle inflation, is the main reason why many high-income earners are not wealthy. In fact, many high-income earners are less wealthy than some low-income earners.

To continue reading, please go to the original article at

How to avoid high-income lifestyle creep

Acquirers' and Inheritors' Dilemma

Acquirers' and Inheritors' Dilemma

Dennis T. Jaffe and James A. Grubman

Discovering Life Purpose and Building Personal Identity in the Presence of Wealth

People come to wealth in essentially two ways: they acquire it during their lifetime through effort or circumstance, or they inherit it from someone else's reserve.

The way in which a person becomes wealthy is an important determinant of how wealth affects his or her personality, profoundly influencing one's personal identity and sense of self.

Armed with a better understanding of the stresses and adjustments of wealthy clients, financial advisors can tailor the relationship with accuracy, empathy, and sensitivity.

This article reviews the psychological and sociological literature of the past several decades about individual and family dynamics related to wealth.

The authors first explore the psychological experience of creating or acquiring wealth, with its impact on identity development, relationships in families, and the difficult process of parenting the next generation.

They look at how acquirers of significant wealth must come to grips with their good fortune and how they must raise their children under novel circumstances, and examine the different experience of inheritors who are raised with wealth.

As native-born citizens in a privileged economic culture, heirs of multigenerational wealth experience a stressful blend of advantages and pressures that can often be antithetical to personal growth.

The authors finally propose a model of development for a person's wealth identity, beginning with a phase of conflict and confusion, and then reaching a level of personal reconciliation with, and integration of, one's wealth with one's self.

To continue reading, please go to the original article here:

http://jamesgrubman.com/sites/default/files/Acquirers_and_Inheritors_Dilemma.pdf

The Journal of Wealth Management Fall 2007, 10 (2) 20-44; DOI: https://doi.org/10.3905/jwm.2007.690946

 https://jwm.pm-research.com/content/10/2/20 

Brain Meets Money

Brain Meets Money

Richard Quinn    February 20, 2020

HOW OFTEN DO you think about money? Hey, you just did. Seriously, we think about money every day and sometimes every hour. Some studies say we ponder financial matters even more often than the old standby: sex.

We’ve been thinking about the stuff for a long time. Money goes back about 3,000 years. Paper currency can be traced to China in 700 BC. They didn’t fool around: Their currency stated that all counterfeiters would be decapitated. I’m guessing counterfeiting was rare.

Today, it costs two cents to manufacture a penny and almost eight cents to make a nickel. Result? Each year, we taxpayers lose about $85.4 million on the production of pennies and $33.5 million on nickels.

Gee, at that rate, those of us on Social Security could receive a $2-a-year raise if they made cheaper money. Who needs pennies anyway? Money is no more than a piece of metal or paper—basically worthless, except you can get stuff for it because the people who sell you stuff can get other stuff with the money you give them.

Does money make us happy? Benjamin Franklin didn’t think so. “Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”

The evidence suggests Ben was right, but try telling that to addicted lottery players. I recall a TV show depicting the impact of winning the lottery on people. Instead of making the winners happy, it often messes up their lives, mostly because they’re ill-prepared to handle the money and because they thought spending would make them happy.

One winner stands out in my memory. He bought several pieces of used heavy construction equipment just to have. He didn’t know the tax withholding on his winnings wouldn’t cover all of the tax he owed. He eventually lost all of his prize possessions and a great deal more to the IRS.

Another family lived in a trailer and, instead of moving, expanded it, bought each child their own ATV and gave each an allowance of $1,000 a month. The kids were ostracized at school and had to leave.

“The conviction of the rich that the poor are happier is no more foolish than the conviction of the poor that the rich are,” offered Mark Twain. Indeed, if you Google the subject of happiness and money, you will find assessments from every point of view. But none concludes that money buys permanent happiness, only fleeting pleasure perhaps.

On the other hand, money can relieve stress—or create it. If you don’t have enough to pay the bills, more money will help. But if you have plenty of money, the fear of losing some may be stressful.

To continue reading, please go to the original article here:

https://humbledollar.com/2020/02/brain-meets-money/

Where Do I Store My Wealth?

Where Do I Store My Wealth?

From Crisis To Confiscation—

By Jeff Thomas     International Man

International diversification of wealth (no matter how large or small) can save your economic freedom.

Although most of our readers thoroughly understand this concept, one of the most oft-heard concerns is that, by offshoring assets, one may not be able to get to them as easily as they now can. Here’s the response to that, and some practical advice on what you can do to protect yourself.

Let’s say you presently regard yourself as being economically diversified. You own stocks and bonds, you have some cash, you have a retirement fund and you have a bit of gold stuffed away at home. On the surface, it would seem that you’re covered.

Trouble is, you have all your wealth in one jurisdiction, and should that jurisdiction find itself in an economic crisis, all that “diversification” will be seriously at risk.

***

Of course, it’s human nature for us to want to keep our wealth close at hand. It feels more secure than having it miles away from us. We tend to follow this concept even though we’re well aware that to have our wealth really close (i.e., on our person) we would be asking to have someone with a gun take it away.

Although we understand this, we somehow manage to convince ourselves that our own government, should they decide that they wish to get their hands on our wealth, is less of a threat to us than some thief. If we’re being really truthful with ourselves, governments pose a greater threat than the average thief, as they can steal legally.

Confiscations and Bubbles

In recent years, the governments of the US (in 2010), Canada (in 2013) and the EU (in 2014) have passed bail-in legislation, allowing the confiscation of deposits in bank accounts.

When confiscation does occur, I believe it will happen without warning, as it did in Cyprus. One day, you wake up and your money is gone. What can you do? Nothing. It’s legal.

But you may still be all right, since you’re diversified. How about your retirement fund? Well, both the US and EU have announced that, should the investments of your fund be deemed to be at risk, the government will ensure that you will not lose your money, by requiring that your fund be heavily invested in government Treasury bonds, which are guaranteed.

 However, should there be an economic crisis, that guarantee will quickly go south.

Again, when this happens, it will happen suddenly, without warning.

Well, how about those stocks and bonds? You broker assures you that he has wisely invested your money in a variety of stocks and bonds and he declares that your investment is therefore diversified.

Trouble is, the bond and stock markets are presently in the greatest bubbles the world has ever seen. Even a minor crisis can put a pin to those bubbles without warning.

In actual fact, the only investment you have that’s not at risk from a financial crisis is the gold you have at home. It will actually benefit from a crisis. Precious metals have been described as the only investment today that is not concurrently someone else’s liability, and this is quite true.

In actual fact, your bank accounts, retirement fund, stocks and bonds are not diversified at all. They are, in fact, totally at risk, should you reside in one of the above jurisdictions.

Crises and Complications

But that, of course, hinges entirely on whether a crisis may occur in the future. Unfortunately, those jurisdictions are all experiencing major debt problems. The US in particular is in the greatest level of debt the world has ever seen.

The EU owes less but is also more economically fragile and is already popping its buttons. The US will follow and its neighbour, Canada, will be pulled down with it. That’s why they’ve all passed bail-in legislation, so that they can use your wealth in a last ditch effort to buy a bit of time on the way down.

Not a very promising situation. So, will everyone go down with the ship? Not at all. There will be those who recognise that “keeping the wealth close” is not the most important aspect of retaining wealth.

Internationalisation: The practice of spreading one’s self both physically and economically over several jurisdictions in order to avoid being controlled or victimised by any one jurisdiction.

Internationalisation is not merely sending wealth offshore, it is the art of studying those jurisdictions in the world that, at any given moment, have no confiscation legislation, have a reputation for political stability and have firm non-intrusive national policies.

Internationalisation and Diversification

Those countries whose governments stay out of your bank account, stay out of your retirement fund and stay out of your other investments to the greatest degree are invariably the safest places for your wealth. Although there are no guarantees, these jurisdictions are less likely to go after your wealth and will be the last to do so, even if other jurisdictions have taken all you have.

So, is the “keeping the wealth close” idea valueless? Not strictly, no. Someone in Australia might very sensibly choose Singapore or Hong Kong as his first choice for internationalising. Someone in Europe would be likely to make Switzerland his first pick.

In the Western Hemisphere, the British Virgin Islands (BVI), the Cayman Islands and the Bahamas are top choices. A one-hour flight from Miami provides a far less rapacious government, in addition to true diversification.

The greater the level of wealth, the more diversified the investor will want to be. Those who diversify into Switzerland, Singapore and BVI will increase their safety level beyond those who have utilised only one or two locations.

Today, those who are living in a jurisdiction that may, in the near future, be looking at a national economic crisis at home, should regard any wealth in banks to be sacrificial, i.e., that it might very well be swallowed up soon.

So, the first concern is to get the wealth out. But what then? Aren’t overseas banks being threatened as well? Well, yes, they are. Although they’re subject to local laws, rather than the laws of the EU, US or Canada, many of those banks are being threatened by those countries and are under pressure.

So, whilst they represent a very definite step away from risk, they cannot maximise that safety. Therefore, the second step is, as much as possible, to transfer the wealth into a form that is difficult (or impossible) for other governments to confiscate.

The two ideals are precious metals and real estate. For any government, even a powerful one, to attempt to confiscate real estate in another country is an act of war.

Hence, if the EU were to attempt to confiscate land in, say, Hong Kong, it would be an act of war against China. If the US were to attempt to confiscate land in, say, the Cayman Islands, it would be an act of war against its closest ally, the UK. Possible? Yes. Likely? Very far from it.

The other investment, precious metals, tends to be off the radar from reporting requirements for tax purposes. It additionally has the advantage of being liquid. Bullion can be sold quickly and is therefore the ideal for emergency purposes.

The ideal, of course, is to diversify, so a balance of bullion and real estate are advised. Cash, privately held (again offshore), should be part of the mix. If you have the expertise to diversify further into fine art and other collectibles, so much the better.

Much of the world has gone on a massive spending spree and has, in effect, used a credit card to do so. Soon, that bill will need to be paid and the jurisdictions that are in debt will unquestionably be revealed to be insolvent.

The economic crisis, when it hits, will be sudden and will be devastating. Everyone in those jurisdictions will be negatively impacted, but those who have internationalised their wealth will fare best. When the dust settles, they will be the ones who are in place to recover and rebuild.

http://www.internationalman.com/articles/where-do-i-store-my-wealth

Real Money Versus Cryptos and Currencies

Real Money Versus Cryptos and Currencies

The Final Wakeup Call  By Peter B Meyer

Money Marks the Relationships Between People

What Is the Danger That Threatens the Dollar?

Why and How Bankers Control Precious Metal Prices

Panic Will Take the Gold Price to Unsuspected Heights

Money Must Be a Commodity

 When the money goes bad, everything goes. The Rothschild Central Bank sent the US-dollar and affiliated paper currencies on their way down in 1971. It was then that they took the dollar off the golden handcuffs. Enabling the dollar to picking everyone’s pockets, added with coercion of cruel sanctions on every country the Deep State didn’t like. Compared to the pre-1971 dollar, it has lost 98% of its value.

The Fed showered over the last few weeks the financial trading houses – primary dealers – on Wall Street with a total of $2.93 Trillion in short-term loans.

The money is for a Wall Street liquidity crisis that has yet to be explained in credible terms to the public, but as of yet the New York Times does not appear to have an investigative reporter assigned to investigate what’s really going on. Just 11-years after those same trading houses blew themselves up in the biggest financial crash since the Great Depression that took the U.S. and the world economy along for the ride.

This repo – repurchase agreement- loan program began on September 17, 2019 when repo loan rates spiked from approximately 2 percent to 10 percent – meaning either liquid funds were not available to loan, or the mega banks on Wall Street were backing away from lending to certain counterparties.

Repo loans are typically between banks, hedge funds and money market funds on an overnight basis and are made against good-quality collateral. Since that time, the New York central bank has been making these loans to the tune of hundreds of billions of dollars a night.

One has to wonder how much money it would take for the Fed to throw at Wall Street before the MSM reports to its readers on the biggest Wall Street bailout by the Fed since the financial crisis?

Would the Federal Reserve, the central bank of the United States, actually lie to the American people? If withholding material facts from the people constitutes a lie, then, the Federal Reserve has a troubled history.

So everything the Fed said about the Repo problem being an event specific issue for the end of last year was a lie, as now turned out. As the Fed announced that over the next month it would shower a total of $2.93 Trillion in short-term loans. Confirming; The Repo market is failing because banks don’t trust their counterparties for the collateral they are lending in the overnight markets!

When the money goes bad, how come everything else goes bad, too? In extreme cases, it’s obvious. Take Hyperinflation, for example, it destroys the economy; people become desperate. In Venezuela, for instance, there were only 50 kidnappings per year before Chávez took office.

But now, with inflation at a million percent annually, robberies and kidnappings happen “all the time.” The government no longer even keeps track.

Real money is based on gold. While silver is also seen as real money, though not as apt as gold. Money is, has always been, and always will be a commodity. Cryptos, like Bitcoins, as well as Dollars and all other paper currencies today, are not and cannot be real money in this sense, because these are not linked with commodities.

Bitcoins and Dollars – and all Cryptos and currencies for that matter – are not “commodities”; they are nothing but numbers without substance.

Money Marks The Relationships Between People

Money is what marks the relationships between people. One is master; the other is servant. One is producer; others are consumers. One owes and another, the one that is owed.

Let us imagine that you spend a day making a tool, for which you are paid $50. That money is energy money as it rewards your effort, and measures the new wealth you have created. You can save that wealth, transfer it, or pass it along to future generations, as long that money is not inflated.

You earned it  and it puts you $50 ahead of people who didn’t earn anything that day. And now, assuming the going rate is $50 per day, with that money you can “buy” a day’s worth of someone else’s labour.

The rate at which the human race is getting richer, the rate of technological innovation, the Central Banks’ interest rate policies — all are irrelevant. What counts is the $50 and its faithful rendering of who owes what to whom.

If nothing changes, you should be able to buy a tool for $50 years later. If, on the other hand, technological progress cuts the time needed to make a tool in half, you should be able to buy two tools. And if productivity has doubled, a toolmaker should be able to turn out twice as many — two — in one day. But the basic relationship between you and others is unchanged.

 Think further; Cryptos like Bitcoins have no stated value. You do not know the total value of your Bitcoins, until the moment you have exchanged them for a quantity of fiat money. So, Bitcoin has no independent existence such as fiat money has.

Because, Bitcoin’s worth depends on the existence of fiat money in which to transact exchanges. As long as there are more buyers of Bitcoin, than sellers, the value of the Bitcoin will continue to rise, and that will bring in still more buyers and its value may rise to the skies.

But when the moment comes – as it always does – when there are more sellers than buyers, then the value of the Bitcoin will fall. When the holders of Bitcoins begin to see a trend of declining value, there will be nothing and no one to stop the trend: Owners of Bitcoins will rush in panic to sell their holdings – to other holders of Bitcoins – before its value falls even further.

With more and more owners trying to sell, there will soon be no buyers: no one will want to catch the falling knife! The value of Bitcoin will fall to practically zero.

When the famous Tulip Mania of the 1600’s was over, the losers at least had their tulips to look at. The Bitcoin rise in “value” that took months – or even years – will be over in a matter of hours. Bitcoin will become a phenomenon in history of mass speculation that amounted to ultimate mass grief.

 So, it is correct to conclude; Bitcoin and for the same reason all other cryptos are nothing more than a distraction, created to direct widespread public worry away from concern about the eventual collapse of the Dollar’s value.

What Is The Danger That Threatens The Dollar?

What entity would wish to distract investors’ attention away from concerns with the Dollar? Obviously, the US Government. Although clearly, there is no proof of that conclusion. To substantiate the conclusion is to ask, “For whose benefit?” The answer has to be: “The US Government”.

The greatest fear that besets the US Government is the collapse of the Dollar’s value, and Bitcoin is the distractor from the danger which threatens the Dollar. What is the danger that threatens the Dollar? The rising price of gold, which devalues the Dollar.

Conclusion: Bitcoin – and its imitators – serve to distract the attention of investors away from investing in gold. Bitcoin functions very well, as a distractor of attention from investing in gold, because to “invest” in Bitcoin is to use the Dollar to invest in what is essentially, nothing tangible, as is physical gold. And even more important; Bitcoin presents no danger to the Dollar’s value.

The majority of investors have little or no interest in gold. Their main interest lies in making Dollar profits. The rising price of Bitcoin attracts the attention of investors – and that is it purpose: “Think Bitcoins, and pay no attention to investing in gold.”

The prices of the precious metals – gold and silver – are under strict control by the syndicated Rothschild Bankers. Meanwhile President Trump and his Team may have been finding out from Jay Powell of the Federal Reserve, that the real power in this world is in the hands of the Rothschild owned International Bankers mob.

The time when it was necessary to prove the existence of this control, ended long ago. Today it is an unquestioned fact. However, most analysts of the precious metals market continue to bury their heads in the sand of falsity, for various personal reasons. That is, why they only comment on “market behaviour”.

Why And How Bankers Control Precious Metal Prices

Why do the Bankers mob wish to control the prices of the precious metals? Because their Power is based on the false money that they issue, and true market prices of the precious metals would very clearly reveal the steady loss of purchasing power of the false money they issue and thus erodes their Power significantly, or even destroy it.

This is the “Why” for control; Now, let’s have investigated the “How” of the control: Analysing the interest of the Bankers mob, from the operation of the world market in precious metals shows that the world market for precious metals includes some of the Central Banks of the world, as well as private investors handling either their own funds, or the funds of corporations under their care.

The Central Banks all know that the prices of the precious metals are under strict control to prevent their rise to a true market value. Until recently, these Central Banks had no interest in acquiring gold for their Reserves, as they were satisfied with their operations based on fiat money.

Now that the Central Banks are aware of the great problem of the existence of an absolutely enormous amount of debt in the world, and of its impending default, they have a renewed interest to obtaining gold for their Reserves, at the cheapest possible price.

Thus, they favour the continued suppression of the prices of the precious metals and remain silent regarding that suppression. Their overriding concern is their own solvency, and not the well-being of private investors or corporations.

Regarding the market for gold and silver on the part of corporations and private individuals; taken into account that the vast majority of both groups – corporations and private individuals – are heavily burdened with debt. Their over-riding day-to-day interest is to maintain solvency to being able to service their debts with fiat money.

Thus, both corporations and the great mass of private investors cannot afford to distract funds from on-going operations, and invest them in gold or silver, as they primarily need to service their present huge debt loads to preventing bankruptcy, while the stagnant price of the precious metals makes it impossible for them to contemplate placing funds in gold or silver investments.

Consequently, the gold and silver markets for corporations and private individuals have been reduced to a small minority who owe so little fiat money that they can afford to purchase gold or silver, and wait for its eventual rise to much higher prices, when the proverbial * hits the fan. So that explains the How the Bankers mob has been able to keep the price of gold low.

Panic Will Take the Gold Price to Unsuspected Heights

At present, the rising price of gold is very worrisome for them, as Gold already has seen around 3.5% gains in 2020 and they are now doing everything they can, to stem its rise. Aiding them will be those corporations and private individuals who will liquidate their holdings of precious metals to realise a quick profit. However, an investment firm thinks the yellow metal will out-gain the S&P 500 over the course of this year.

If, in spite of this situation, the price of gold continues to rise because of a gravely increasing amount of world debt issued by Rothschild bankers, the small minority who have been accumulating gold and silver in a listless market is going to turn into a mass of buyers who want to make a profit, and panic may take place which will take the price gold to unsuspected heights. “Wait and see” before buying, may turn into “Do it now!”

About a hundred years ago Von Mises already explained how this will end:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system is involved.”

If there were any trick left that would save a nation from the effects of overspending, corruption and “printing” money to cover its debts, the Deep State would have discovered and applied it already long ago.

The Deep State’s time is up; President Trump and the Patriots are dropping the proverbial hammer on them. Many, most of them Democratic individuals who went after Trump, have themselves publicly exhibited as DS agents and will soon no longer be able to walk freely through the streets.

Because the false accusation procedures have shown who the real DS agents are. They have no other plan to expel President Trump from the White House. Now, the planned arrests can start soon. This will send a shock wave all over the world. The DS denouement is about to begin, now that many more people in America and hopefully elsewhere in the world have woken up. And once awake, they cannot any longer be soothed to sleep!

Bringing back the gold standard would be very hard to do, but, it would be wonderful; to have a standard on which to base our money. – President Trump and the Patriots are acting on their pro-gold instincts in a big way. Let me explain; President Trump has been able to wield more influence over the Federal Reserve than any other president since the Fed was created in 1913.

Gold is the primary competitor for the U.S. dollar’s top role. And as the American socialists inflate the value of the dollar away, it will make gold all the more attractive.

To the contrary; the Rothschilds are doing everything in their power to keep their entire rickety in tact by means of the IMF, World Bank, BIS, almost all Central banks and the TBTF banks conglomerate structure by opposing any change implementing the Gold Standard.

 “The Rothschild-owned private central banking monopoly’s ‘quantitative easing’ is another word for ‘buyback,’ artificially sustaining a collapsed market. Significant proof of this is the visibly unsustainable financial system structure that is near collapse. Another fact is that the banks are charging individuals ever-higher interest rates even as the Central Banks give the banks ever-cheaper money.

 Moreover, despite Zionist propaganda media cheerleading, the real central bank economy is getting worse by the day, as more of those expensive loans to real people and corporations are going bad.

Maybe that’s why the Rothschild’s World Bank subsidiary warned on December 19th of “the worst debt crisis in 50 years”? Anyhow, the central bank economy is in the process of being destroyed and will be replaced by the people economy, thanks to the relentless efforts by President Trump’s Team and his Patriots.

 http://finalwakeupcall.info/en/2020/02/19/real-money-versus-cryptos-and-currencies/