What You Should Know About Bequeathing to Charity in Your Will

What You Should Know About Bequeathing to Charity in Your Will

By Jessica Sillers — Apr 21, 2020

Writing your will is an opportunity to think about how you’d like people to remember you when you’re gone. For lots of families, that means choosing guardians and providing for children in the will. Another way to keep your legacy alive? Donating to charity.

Whether you call it a bequest, an endowment, a legacy, or simply a gift, money or assets you leave to charity can be a meaningful part of your final plans. No matter how large or small your estate is, there’s a way to leave a legacy to a cause you care about.

What Is Bequeathing to Charity?

Donating to charity doesn’t always mean writing a check. There are a number of different ways to give back through your estate planning.

We at Fabric aren't lawyers. So, before deciding how to incorporate charitable giving as part of your estate plan, we encourage you to speak with a qualified legal professional about your specific needs and goals. (Do you need a lawyer to write your will?)

Cash Donation Through Your Will

Any reputable charity can put a cash donation to good use. These are a few ways you can divide your money between your loved ones and favorite organization:

General gift: Name a specific amount of money or a percentage of your estate that should go to your preferred charity.

Residual gift: Designate how much of your estate should go to each of your other beneficiaries, and then send anything that’s left over to charity.

Contingent gift: You can choose to donate to charity as a backup plan, such as if your beneficiary passes away before you. The condition doesn’t need to be based on death, either. You could theoretically say that if your cousin goes to rehab and stays out of jail, he gets $10,000, but otherwise the money will go to an anti-addiction organization you support.

All you need to do is include a note in your last will and testament listing your chosen charities with the amount or percentage of your estate that they should receive.

Donating Investments to Charity

You can donate most stocks, bonds or mutual funds directly to a charity. In fact, this option can be better for some organizations than if you sold the investment and donated the cash.

Tony Oommen, a charitable planning consultant at Fidelity Charitable, explains that donating the investment directly can eliminate capital gains taxes. The value here is that the charity ends up getting more money than if you’d cashed out the investment and donated the after-tax dollars.

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

https://meetfabric.com/blog/what-you-should-know-about-bequeathing-to-charity-in-your-will

The Great Deflation Then Hyperinflation

The Great Deflation Then Hyperinflation

Join Mike Maloney and Harry Dent in this epic 60 minute discussion about deflation, filmed in late 2015.

This first video was originally the 'Bonus Feature' for Episode 6 of Mike Maloney's 'Hidden Secrets of Money' series, but it contains so much useful information on how a deflationary period may play out that we have decided to release it here now on YouTube to as many people as possible. Thanks for watching, and thanks for sharing the video.

Almost 5 years to the very day of the original video on The Great Deflation this second video interview with Mike talks about current economic events – He covers many areas such as Gold – Silver – Transfer of Wealth –  Corona Virus -Federal Reserve –  IMF – Free Market –  Socialism – Economic Collapse - Supply Chain - Fragile Monetary System - Gold Standard -  Cryptocurrency - and so much more – Very Informative - Don’t Miss These Videos!! 

Original description:  Two of the world’s foremost experts on economic cycles believe a punishing wave of deflation is coming. Just like the Great Depression, it could sink the value of stocks, homes, and even savings accounts. Billions could be wiped out.

To help you prepare, Mike Maloney and Harry Dent explain how in this 60-minute bonus video.

For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it's just hours, sometimes it's a couple of days later.

This is to encourage people to join our free newsletter - because one day, we may not have YouTube to rely on. Join our free newsletter list by going to https://goldsilver.com/ and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support. M.

Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook 

VIDEO ONE The Great Deflation IS HERE - Mike Maloney & Harry Dent

186,622 views•Premiered Mar 21, 2020  Gold Silver (w/ Mike Maloney)  552K subscribers

 https://www.youtube.com/watch?v=FlGELg8Ises

VIDEO TWO Deflation Then Hyperinflation - Interview with Mike Maloney

96,683 views•Mar 23, 2020   https://www.youtube.com/watch?v=-lanXyRFUcs

Are We Experiencing a Black Swan Event?

Are We Experiencing a Black Swan Event?

Robert Kiyosaki & Harry Dent [Rich Dad Show Radio]

654,120 views•Premiered Mar 25, 2020  The Rich Dad Channel  1.21M subscribers

If you’ve been following your financial advisor’s advice of “invest for the long term” for the last several years you’ve been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money.

Harry Dent, author of "Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage," warns, “Markets will be brought down to reality and may not recover for 25-30 years—if ever.

In this episode of The Rich Dad Radio Show, Robert Kiyosaki and Harry Dent discuss exactly what is happening in the stock market, the bond market, and the real estate market. You’ll find out what Harry says he’ll be doing and what you can do to survive these turbulent times.

#robertkiyosaki #richdadpoordad #financialeducation   https://www.richdad.com/

https://www.youtube.com/watch?v=aCDncXO7s4U

Could You Sell Your House And All Your Possessions?

Could You Sell Your House And All Your Possessions?

By J. Money - MAY 6, 2020

Could you sell your house and all your possessions like Elon Musk?

Just saw this tweet and about spit my coffee out!

“I am selling almost all physical possessions. Will own no house.”  Elon Musk LINK

No house!! Or possessions!

From a BILLIONAIRE who can have anything and everything under the sun! Wowwww!!!

So WHY????

“Don’t need the cash. Devoting myself to Mars and Earth. Possession just weigh you down.”  Elon Musk LINK

“Possessions just weigh you down.” BOOM. ** truth right there.

And of course he still needs a place to live and HAS to keep at least one of his own cars, right???!, but seeing how he’s just listed a couple of his LA homes for sale, it looks like he’s starting to put his money where his keyboard is…

And I love him for it!! So does the rest of the minimalist community I’d imagine as it only amplifies our message! :) If a billionaire can keep their wants in check, why can’t the rest of us?? Or perhaps that’s precisely why he’s able to do it easier? Because the thrill of the “wants” are now gone?

Whatever the case, we all know that the more you own, the more you have to maintain, so if you’re going for pure FOCUS improvements this would certainly be a way to get it. LINK

And I’ll admit I’m a tad bit jealous too! Not for his money at all, but just for the fact he can make moves like that without his family getting all pissed off! ;) Though from another tweet he shot soon after, it looks like his gf isn’t exactly on his side, haha… So even more power to him!

If anyone gives you $hit, Elon, just pass along this line mic drop style:

Freedom > Money > Stuff

3 simple words that have gone on to immensely change my own life. We’re all in different phases of this, but it ultimately comes down to the freedom to CHOOSE our own lives instead of letting others choose for us…  “Choose Yourself” as James Altucher would say.  

Be sure to read comment section - lots of goodies there

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

https://www.budgetsaresexy.com/could-you-sell-your-house-and-all-your-possessions-like-elon/

Deep State Analysed

Deep State Analysed

The Final Wake Up Call By Peter B Meyer

DS-Criminals Undertake Everything To Keep Humanity From Awakening

The DS-Agenda Moves Power, Status and Wealth From The Public To Themselves

The Deep State-Structure

Regrettably, Still Too Many Unawakened People

Anger, Blackmail, Hatred, Aggression and Fear Are Deep State Seeds

Fake Corona Pandemic Turns Positive Result

 Control Yields Corruption

Greed, poverty, inequality, environmental destruction, blackmail, war, how does the Deep State pull this off? In a large society where just a few make important decisions, how could those few be able to sit comfortably in their pile of wealth, while the rest of the populace turns into garbage?

How are a small group of these individuals being able to direct the current in which an entire society moves? Think about it for moment. They can pull this off, because we people are asleep!

Although the Deep State (DS) is an age-old planned entity, originally it may have been named differently. Insiders are of the opinion that ultimately it is the offspring of the military-industrial complex (MIC), while others say it came into being with the Federal Reserve Act in 1913.

According to FWC-research this group has set off centuries ago in Germany and originates from the Luciferian-Illuminati then already a well established cluster of secret satanic societies.

 Previously called, the shadow or secret government whose ultimate goal is the implementation of the New World Order, is pulling the strings on most of the world’s puppet-heads of state and captains of industry.

The term Deep State has recently gained traction, in addition to previously used other terms like; hidden government, cabal, Rothschild Khazarian Mafia, The Powers That Be, the Luciferians, Illuminati, Elite; all referencing to the same group of hidden Luciferian Satanists that hate and rob the people. –

The Deep State is an unelected insider-government within in almost every government. They are not interested in politics, just in money and power, and will continue to destroying our environment and populace, until they cannot do it anymore.

A complex web of revolving doors between government, the military-industrial-complex (MIC), the financial industry controlled by the Rothschild clan, Wall Street, and Silicon Valley consolidates the interests of defence contractors, banksters, military operations, both foreign and domestic surveillance intelligence, and most important the media to mind control the public spreading illusionary information. Another branch of the DS; is the Rockefellers who turned science, education and healthcare into the medical mafia. Just to have named a few.

The deep state hides in plain sight and goes far beyond the military-industrial complex. Although, many citizens are at least passively aware of the ‘surveillance state’ and the conspiracy between the government and the corporate heads of Big Financial Institutions, few people are aware of how many intelligence functions of the government have been outsourced to privatised groups that are not subject to oversight or accountability by the public.

What of is left, is a completely controlled and dominated government, paid for by the people, run by the ruling and intimidation of a small group of dominant satanic tyrants.

This quasi-secret DS is pulling the strings in almost every government around the world, and much is directed under the pressure of a corporatist ideology that thrives on deregulation, outsourcing, deindustrialisation, and financialization, yielding perpetual war and economic imperialism abroad, with the purpose to consolidating all interests of the oligarchy.

The principal source of the Deep State’s power is their control of the process of creating and distributing money, i.e. their ownership of almost all of the world’s central banks, and multinationals.

They have used this money-power vehicle to bribe, blackmail and assassinate people at top levels of power in order to enforce their control. They also control the corporate media and have been using every propaganda tool at their disposal to mind control society and rig the markets where necessary.

DS-Criminals Undertake Everything To To Keep Humanity From Awakening

The Deep State is always and everywhere it is a government within a government that operates off tax dollars but is not constrained by the constitution, nor are its machinations derailed by political shifts.

In this world – where the deep state functions with impunity – it doesn’t matter who is president so long the president and his team perpetuates the war on terror, which serves this interconnected web of corporate special interests groups with dishonest geopolitical objectives.

 Since the election of Donald Trump, his presidency and patriots play the role to exposing the Deep State cabal to the public; the “dark” criminal people who are doing everything possible to keep humanity from awakening. Nowadays, for the first time, the DS is desperate and is pulling out all the stops to prevent the change into a better world for all of us. Their hate against humanity stems from their fear for humanity as they know what humanity’s true capabilities are.

 President Trump is fulfilling the most dangerous and difficult task ever fixing a corrupt government by draining of the Deep State swamp, while being surrounded by and dealing with gangs on every level in government at home and abroad. He has to deal with criminal financial-, political-, professional-, and military- gangs.

All these gangs are the result of worldwide corruption in governments, the criminal monetary system, corrupt financial institutions and immoral corporate interests, motivated and guided through secret societies, like the Jesuits, Freemasons, Skull and Bones, to name a few.

The powerful dark forces within the Deep State are in particular organised against President Trump, the patriots and the population. As, they control the Security Community, the mainstream media to controlling the mind setting of most of the people. They brainwash the populace at every turn of events.

Even in Donald Trump’s own administration sits a nest of warmongers that together constitutes a full-blown war cabinet. These forces are always involved with their self-created battles, wars, taxes and tariffs.

They operate on old-fashioned mind control programming. Their currency- and trade- war is just as phony as the war on drugs, the war on crime, or the war on terror. None are worth fighting. And none are winnable. They are all designed to reward the elites at the peoples’ expense.

The entire government has been corrupted and undermined by banksters. Even, the populace has been misled, deceived, and plundered by banksters. World currencies have been manipulated for political and economic advantage by bankers, which are consequently approved by corrupt governments and supported and enforced by corrupt military and law enforcement officials.

Above and beyond currencies, other commodity supplies like precious metals and oil are rigged in the same way with same results and for the same reasons. The elite bankers and their political and military parasites get rich and everyone else has to foot the bill. The foundation of all this evil is their love for money and power.

 Since the emergence of the Rothschild banking empire in the late 18th century, the world has been held hostage by this conglomerate. Founded in Frankfurt Am Main, Germany by Mayer Amschel Bauer, who later changed his surname to Rothschild.

With his five sons, they built their global empire of debt-based central banking money. That has become the largest crime syndicate in the world. Murderous and crueller than any Mafia organisation.

Now, President Trump and the patriots are breaking-up their monopoly over global banking in order to free all people from debt money slavery.

With which the central bank economy and the debt money system are rendered useless. The new people’s economy is now expanding and will become fully operational under the GESARA Act, which is legally and financially ready to begin with debt cancellation. It is planned to become fully functional in the next six months, until December at the latest.

The DS-Agenda Moves Power, Status and Wealth From The Public To Themselves

People have been brainwashed, misled and deceived by these clowns and have been fed a steady diet of disinformation and false history, like the education propaganda in public schools, colleges and universities, to the degree that a great part of the population is living in an illusionary world that literally doesn’t exist, except in their minds.

The Deep State controls the Government, Parliament, the majority of Courts, most of the Universities, the Military Industrial Complex (MIC)- Pentagon, the bureaucracy, most of the Multinationals, stock & bond markets, the budgets and the press.

The Deep State is not a homogenous or centrally controlled organisation. It is not a conspiracy of spooks, meeting in secret and plotting a takeover of the country. Instead, it includes hundreds of thousands of people who already run the country – known as the DS-puppets.

It is a loose and unspoken alliance of cronies, politicians, bureaucrats, consultants, experts, economists, lobbyists, the press, professors, the whole medical care complex, and the MIC.

 There are so many rooms in this house, the walls bulge and the nails pop. The people who live in them have many different competing interests. But they have one single overriding common agenda; to move power, status and wealth from the public to themselves.

 That is what makes them different from us: They can get richer only by making us poorer. That, and only that, is the reason government spending, debt and fake money go only in one direction and that is rising.

 The Deep State-Structure

There are three pillars that support the Deep State. One controls the weaponry. Another looks for control over voters. The third controls the money.

The most powerful and dangerous of the three pillars is the one former President Dwight Eisenhower warned us about in his last speech before his retirement: the military-industrial complex – MIC. Since then the MIC has gotten much more complex, and much more powerful, after Eisenhower left office in 1961.

The second pillar is the politically correct (PC), mostly culturally liberal elite who dominate the Universities, the Media, Health Care, Education and Welfare complex.

All Financial institutions embodied by Wall Street is the third pillar. It is not interested in politics. It is interested in money itself. But it knows that today’s fake money comes from politics, and it does its part, along with the rest of the Deep State, to keep it flowing in their direction.

The western world won’t be the first section of the globe laid low by a combination of a Deep State, runaway spending, and a too-powerful military. The formula is classic. From ancient Rome to modern Venezuela, the road to ruin is clearly marked, well lit and well trod.

 Every dollar/euro spent or mandated by governments passes through The Swamp. Its agents, its contractors, its experts and its elite parasites that all take their cut. The money then makes them richer, more powerful, and abler to influence policy decisions.

The Deep State has gotten everything it wanted. So why are they overly helpful pro President Donald Trump? Think about it; the real purpose is to overthrow him in a coup to freeing up government, to enable the few to exploit the many. The credit money system is a clever way of doing so.

The bureaucracy will continue to churn out laws, statutes, codes and regulations that reinforce the DS powers and cherish systems and those of the police state and its corporate allies, rendering the rest of us petty criminals.

The Mainstream Media is the last bastion of the “Deep State” organised crime network that, and is people’s biggest enemy. Over the years in the past, the MSM has infiltrated and hijacked most, if not all institutions.

But, their days are numbered and the ensuing downfall will most likely be embarrassing and astonishing to all those sheeple unaware of what is unfolding. Eventually people will discover that the truth is even stranger than fiction.

Regrettably; Still Too Many Unawakened People

It is shameful to seeing so many unawakened people, themselves identifying by wearing an ineffective face mask, being tossed to and fro, without having a clue as to what is really going on. Can’t they understand that the Virus pandemic is an “engineered” shake-up designed by the Deep State, to prepare healthy people for isolation in the New World Prison

This pandemic is the most disruptive social and financial event since World War II, with equally long-lasting consequences. Many will no doubt restrain spending in future years to rebuild savings, especially since the pandemic caught them at a time of high debts and short on financial reserves. Please, help everyone to come to their senses and surpass the illusion of false reality.

After two months of this nonsense, many under us are getting fed-up and are demanding the lockdowns to be ended. In response to the public outcry, some governments are planning to restart their economies and lift the restrictions. What this means, is that, after wasting two months on a failed strategy, many countries are ready to follow in Sweden’s footsteps.

 For now, the turning off of the economy is like shutting down the engines on a transatlantic flight. For a long time, the plane can stay in the air. Everything is suddenly quiet. Passengers don’t know what to think, and expect the pilot to put on the fuel supply again and gain altitude at any minute, as the plane is still gliding. But the passengers are getting more nervous. What happens when they try to land? Soon they will find out!

As the truth has to be known, the awake under us are responsible for sharing this message with passion to everyone they know. The hour is late and the timeframe we are living in is serious terrible, making it swiftly important to bring forth optimal awareness among the populace. There’s no time to loose.

Anger, Blackmail, Hatred, Aggression And Fear Are The Deep State Seeds

Can we, the people – overcome the divide and conquer tactics used to quell dissent? That depends on how many of us wake up and unite in the importance of forging a future with freedom and prosperity.

It lies in our own hands, while help is on its way, as long we all become and remain positive and motivated to eradicate this Deep State Mafia, once and forever! Take into consideration; Our Creator has created planet Earth and its people, not to be destroyed by a small group of Luciferian Satanic Mafiosi, called the Deep State!

The amount of FEAR being spread in our society seems to be at an all-time high! Humanity is quickly evolving and many people are waking up, we have arrived in the midst of the most exciting time in our evolution!

Wake up, and see what is really happening around you. Everyone of us needs to be freed from debt slavery once and for all. The whole pandemic is a hoax, but you idiots that wear a face mask will believe anything, until they truly are awake!

 The sleepers have to come to their senses, the pandemic is fake phony and false because the hospitals are empty; the Government is their greatest enemy; the MSM spreads blatant lies; the Pope is a henchman of the Devil. People who don’t see this are brainwashed sheeple.

The quarantine, and social distancing is an imposed martial law, which by the White Hats is being used as cover to arrest and kill the Satanists that have hijacked our society.

 Fake Corona Pandemic Turns Positive Result

This fake Corona pandemic has spread around the world to showing us our new reality. Although, these trends were already underway for many years, the increased reliance and ability to working from home using modern technology necessary and useful, that now has simply being accelerated even faster. At least as fast as the speed as your Internet connection makes possible.

Be aware our society is changing rapidly and you are part of the change. Be prepared our today’s society is never going back to the normal of just a few months ago. Everything has changed and in order to survive this change you need to be inventive and innovative in your thinking.

Reassess all you once thought was set in stone and plot your road forward.

Every individual wants to improve his economic status. Many, but by no means all, will intuit that the surest way to do so is to produce more than they consume and save the difference. That creates capital, which can be invested in or loaned to productive enterprises.

Another reason for optimism is the development of technology – which is the ability to manipulate the material world to suit people’s desires.

Scientists and engineers develop technologies, that also adds to the supply of capital. The more complex technology becomes; the more outside capital is required. And always there are motivated individuals who want to participate in this process.

http://finalwakeupcall.info/en/2020/05/13/deep-state-analysed/

How To Store Silver Bars and Coins At Home - Mike Maloney

How To Store Silver Bars and Coins At Home - Mike Maloney

There are lots of reasons to buy silver—it’s a real asset, the coins are beautiful, it will likely outperform gold, and it’s more affordable. But that affordability comes with a catch. Once you start to accumulate, you quickly realize that silver requires a lot more storage space than gold.

It’s relatively easy to hide some gold coins in a sock drawer or cookie jar, but those hiding places are impractical for the same dollar amount of silver. So how do we store our silver bullion both efficiently and safely? And should it be stored at home anyway? This article has some potential solutions for those investors that are stacking silver…

Storing Silver Bullion at Home

Everyone should keep some silver (and gold) in a place that is easily and immediately accessible. One advantage bullion offers is its high liquidity in a period of crisis—no worries about bank closures, lack of access to funds, or internet problems. So, if you have some bullion close by, you have the ability to fight through a crisis. On the other hand, if your silver is two days away or time-consuming to get to, its use as an emergency asset has diminished.

As Mike Maloney pointed out in his book, Guide to Investing in Gold and Silver, “I believe everyone should have gold and silver in his or her own private possession, where you can lay your hands on it, because they are one of the few financial assets that can be completely private and not part of the financial system.”

This doesn’t necessarily mean you should keep it inside your house. It means you want some of it readily accessible in an emergency, whether that emergency be a personal one or on a national scale.

If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/. It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver.

As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.

Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook

919,400 views•Apr 4, 2017    https://www.youtube.com/watch?v=SXFLZub7DaU

Infinite Money Printing: Fed Now Buying ETFs

Infinite Money Printing: Fed Now Buying ETFs

Notes From The Field By Simon Black   May 12, 2020  Bahia Beach, Puerto Rico

May 12, 2020 Bahia Beach, Puerto Rico

Just when you thought they couldn’t come up with any more crazy ideas, the Federal Reserve announced last night that they will start buying Exchange Traded Funds, effective immediately.

Just to be clear, this means that the Fed is going to conjure money out of thin air, and then use that new money to buy ETFs.

But not just any ETF. The Fed is specifically targeting ETFs that own corporate bonds.

The key idea here is that the Fed is trying to bail out bankrupt companies across the Land of the Free.

Under normal circumstances, most medium and large businesses regularly issue corporate bonds (which is a type of debt) to help fund their companies.

This is pretty normal; even very strong and healthy businesses regularly go into debt by issuing bonds.

For example, Apple has been wildly profitable for years. But the company has about $90 billion in debt according to its most recent financial statements, plus they just issued another $8 billion in bonds last week.

Companies all over the world do this, and the total size of the global corporate bond market is absolutely enormous-- tens of trillions of dollars.

The obvious problem is that there are countless businesses around the world, both big and small, that simply aren’t going to make it through this economic crisis.

Airlines, hotels, restaurant chains, factories, shipping companies, retail stores, daycare facilities, construction companies, etc. have all been devastated by the pandemic.

Most of these companies have borrowed extensively. And without any revenue, there’s likely going to be a giant wave of defaults in the corporate bond market.

American Airlines, for example, has $21 billion in debt. There’s practically zero chance they’ll be able to make interest payments, which will trigger a default of their corporate bonds.

Thousands of other companies are in a similar position; they won’t be able to make their payments.

The even bigger problem is that, eventually, bonds mature and need to be paid back.

Unlike the mortgage on your house, whose principal balance is slowly paid down over 20-30 years, most corporate bonds are interest-only.

They pay what’s called a ‘coupon’, which is a regular interest payment, and then the entire principal balance is paid back when the bond ‘matures’ after perhaps 7-10 years.

Usually when their corporate bonds mature, most companies simply issue new bonds. It’s sort of like a refinance; so instead of paying back $1 billion worth of bonds that are about to mature, the company will issue $1 billion in new bonds for another 10 years.

In this way they keep rolling over their debt. And in normal times, that approach typically works just fine.

But these are not normal times.

Right now the bond market is frozen solid. And very few investors want to buy bonds of, say, an airline or cruise operator.

But a lot of those companies have billions of dollars worth of bonds that are about to mature.

And without a way to roll over those bonds and refinance the debt, they’ll be in default… meaning most investors who own those bonds will suffer major losses.

This is a huge problem because it can cause a chain reaction across the entire financial system.

Let’s imagine “Rude Airways” has $10 billion worth of bonds that are about to mature.

But Rude Airways is out of cash and has no hope of generating revenue while the lockdowns are in place.

So instead of paying back the $10 billion, Rude Airways defaults.

“Big Ego Capital Partners” is a hedge fund that owns billions of dollars worth of Rude’s bonds. So when Rude Airways defaults, Big Ego is also wiped out.

Big Ego owes a lot of money to “Liars Bank”. So when Big Ego goes under, Liars Bank also takes a huge hit.

You get the idea. If thousands of companies constituting trillions of dollars worth of bonds don’t pay, then the chain reaction across the entire financial system will be nothing short of cataclysmic.

This is what the Fed is trying to prevent… with the only tool they have available: PRINTING MONEY.

So, again, the Fed is going to conjure money out of thin air, and use that money to buy corporate bonds and bond ETFs.

Their plan is to help companies like Rude Airways roll over their debts, and hopefully prevent a chain reaction of defaults across the entire financial system.

According to yesterday’s press release, the Fed estimates spending $750 billion initially, though it’s clear they could easily blow past that number.

That, of course, is on top of the trillions of dollars worth of other commitments they’ve already made, the $2.6 trillion they’ve already printed, and the trillions of dollars of other facilities they’ll create in the future.

I’ve been writing about this a lot lately, but at the risk of beating this horse to death, I believe it’s worth repeating:

There is so much we don’t know about the economic consequences of this pandemic. Will we see major inflation? Depression? Stagflation?

No one really knows for sure.

But one thing that has become totally obvious is that central banks around the world are going to continue printing incomprehensible sums of money-- this is ‘whatever it takes’ monetary policy.

I won’t bother opining on whether what they’re doing is right or wrong. It doesn’t matter.

The reality is that it’s happening; they’re printing ridiculous quantities of money, and that’s that. Nothing we can do will change that fact.

Our only decision is how we choose to react.

Again, there’s no playbook here, and every possible scenario is on the table.

But historically speaking, whenever central banks devalue their currencies by printing vast amounts of money, real assets (and especially gold and silver) generally tend to be safe havens from the monetary consequences.

To your freedom & prosperity, Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/trends/infinite-money-printing-fed-now-buying-etfs-27769/

Dealing With and Getting Through Financial Emergencies

Dealing With and Getting Through Financial Emergencies

Ask the Advisor – Dealing With and Getting Through Financial Emergencies

Posted on May 6, 2020 by Mark Seed

To quote Mr. Mike Tyson once again on my site:

“Everybody has a plan until they get punched in the mouth.”

-Mike Tyson, former heavyweight boxing champion.

How true.

I’ve been doing a lot of reflecting and thinking during this financial crisis – given we all got punched in the mouth to some degree. In working towards our personal goals we’ll have deal with and get through some financial emergencies from time to time.

Recently, I’ve written about the following as I ponder what insane market and economic calamity has occurred over the last couple of months:

How Might I Prepare For An Upcoming Global Recession?

With my inbox overflowing in recent weeks with questions, emails and more financial perspectives from readers, I thought it would be interesting for today’s post to bounce a few questions, a few theories off an advice-only, Certified Financial Planner® with Money Coaches Canada.

Enter in, Mr. Steve Bridge!  Steve, let’s dive right in…

I recently got a question in my inbox about saving versus investing. I see savings as money to be spent or needed short-term (say, within a year or so). That should be in cash. I see investing as money to be grown long-term (not needed for another 5+ years). With many people dealing with a variety of financial changes and challenges right now do the same way and why or why not?

I agree with your definition, Mark. And one is not necessarily more important than the other. We hear about investing all the time, probably because it is more exciting, but saving is just as important to financial success. In fact, you could argue that saving is more important, because if you can’t save, you won’t have money to invest. Saving has to come first!

Not having savings could be a sign that you are spending more than you are making (living above your means) which, as we’ll touch on below, is a serious problem. This leads us around to cash flow, the most important piece of financial security and success (which we’ll also discuss below).

This COVID-19 crisis has many people rethinking the value of any emergency fund. I’ve received a number of emails on this subject. Although I can’t speak for what others need or want, I know we keep our emergency fund rather constant at this minimum level. What are your suggestions to help people establish a fund after they deal with this crisis?

First of all, I love that you have an emergency fund, and the reasons you state in your article are spot on. When an unforeseen event happens, the emergency itself is stressful enough; adding financial worry on top of it makes it even worse. The emergency fund takes one stressor (the financial implication of the event) away.

In my opinion, a reasonable target for an emergency fund should be a minimum of three months’ necessary expenses. Some people say six and I have even heard of having an entire year (this seems excessive to me), but to me three seems like a reasonable number to aim for. Retirees or near retirees may already have significant amounts of cash on hand for lifestyle spending or guaranteed retirement income from a pension, so this guideline doesn’t necessarily apply to them.

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

https://www.myownadvisor.ca/ask-the-advisor-dealing-with-and-getting-through-financial-emergencies/

The Psychology of Money

The Psychology of Money

Jun 1, 2018 by Morgan Housel

Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way.

Grace Groner was orphaned at age 12. She never married. She never had kids. She never drove a car. She lived most of her life alone in a one-bedroom house and worked her whole career as a secretary. She was, by all accounts, a lovely lady. But she lived a humble and quiet life. That made the $7 million she left to charity after her death in 2010 at age 100 all the more confusing. People who knew her asked: Where did Grace get all that money?

But there was no secret. There was no inheritance. Grace took humble savings from a meager salary and enjoyed eighty years of hands-off compounding in the stock market. That was it.

Weeks after Grace died, an unrelated investing story hit the news.

Richard Fuscone, former vice chairman of Merrill Lynch’s Latin America division, declared personal bankruptcy, fighting off foreclosure on two homes, one of which was nearly 20,000 square feet and had a $66,000 a month mortgage.

Fuscone was the opposite of Grace Groner; educated at Harvard and University of Chicago, he became so successful in the investment industry that he retired in his 40s to “pursue personal and charitable interests.” But heavy borrowing and illiquid investments did him in.

The same year Grace Goner left a veritable fortune to charity, Richard stood before a bankruptcy judge and declared: “I have been devastated by the financial crisis … The only source of liquidity is whatever my wife is able to sell in terms of personal furnishings.”

The purpose of these stories is not to say you should be like Grace and avoid being like Richard. It’s to point out that there is no other field where these stories are even possible.

In what other field does someone with no education, no relevant experience, no resources, and no connections vastly outperform someone with the best education, the most relevant experiences, the best resources and the best connections? There will never be a story of a Grace Groner performing heart surgery better than a Harvard-trained cardiologist. Or building a faster chip than Apple’s engineers. Unthinkable.

But these stories happen in investing.

That’s because investing is not the study of finance. It’s the study of how people behave with money. And behavior is hard to teach, even to really smart people. You can’t sum up behavior with formulas to memorize or spreadsheet models to follow. Behavior is inborn, varies by person, is hard to measure, changes over time, and people are prone to deny its existence, especially when describing themselves.

Grace and Richard show that managing money isn’t necessarily about what you know; it’s how you behave. But that’s not how finance is typically taught or discussed. The finance industry talks too much about what to do, and not enough about what happens in your head when you try to do it.

This report describes 20 flaws, biases, and causes of bad behavior I’ve seen pop up often when people deal with money.

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

https://www.collaborativefund.com/blog/the-psychology-of-money/

“Sweep the Leg”

“Sweep the Leg”

Notes From The Field By Simon Black   May 7, 2020  Bahia Beach, Puerto Rico

It was barely a week ago that the federal government estimated it would borrow $3.7 trillion this fiscal year due to all the Covid bailouts.

Then, only a few days later, the Treasury Department updated the estimate and announced they would in fact be borrowing $4.5 trillion this fiscal year.

That’s an increase of $800 billion in less than a week!

Not to be outdone, the Federal Reserve has printed more than $2.5 trillion in less than 50 days, expanding its own balance sheet by 62% since the start of the pandemic.

I’ve been really hammering this theme lately, but it’s critical to understand: there is no limit to the amount of money they’ll print, or to the amount of debt they’ll take on.

And this has serious implications for the dollar.

It would be foolish to expect that you can create trillions of dollars in a matter of weeks, and take on trillions of dollars in debt, without any consequences whatsoever.

I’ve already written this a number of times, but I’ll repeat it again: if printing money were the way to achieve prosperity, then Zimbabwe would already be the wealthiest country in the world.

Prosperity requires smart, talented, hardworking people efficiently producing valuable goods and services. You can’t just click a button and create that out of thin air.

But politicians don’t seem to understand this simple point.

It’s far easier for them to print money, go into debt, and bail everyone out. And when that approach doesn’t work, they resort to dismantling capitalism, brick-by-brick.

Housing authorities have ripped up centuries of contract law and told people that it’s OK to not pay their mortgages.

Politicians are attempting to pass laws to retroactively adjust insurance policies and force insurance companies to pay for pandemic-related damages that were NOT part of the contract

Local governments have suspended property rights and forced homeowners to leave town at the point of a gun, while police agencies raid businesses to seize legally-acquired private property.

Regulators have destroyed any hint of safety and told banks to NOT report non-performing loans, all while asking depositors to keep their savings in the banking system.

There’s a never-ending list of dirty tricks that these people have used to beat the economic system to a pulp.

You can practically hear them say, “sweep the leg,” as they come up with creative new ways to wreck the economy and devalue the currency.

Look, there’s still a tremendous amount of uncertainty about how this pandemic will play out. Will they open the economy? Will anyone show up? How long will the recovery take? How many jobs and businesses will be lost for good?

There are so many unknowns.

But one thing that’s becoming completely obvious is that they don’t give a damn about the value of the currency, and they will keep printing incomprehensible amounts of money to bail everyone out.

Consider that the $2.5 trillion they printed since March is more money than they printed in the first 95 years of the Federal Reserve’s existence. That’s astonishing.

We can keep our fingers crossed and hope this won’t create devastating, long-term consequences.

But as a practical matter it makes sense to at least consider owning some real assets, including precious metals.

History tells us that whenever governments and central banks resort to such extraordinary measures, precious metals tend to be a safe haven asset.

PS: Most people understand that it makes a lot of sense to own gold when governments around the world are conjuring trillions of dollars out of thin air.

But right now, silver looks like an even more compelling opportunity, because it has NEVER been this cheap when compared to gold.

 To your freedom & prosperity, Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/trends/sweep-the-leg-27742/

Monetary Madness for Virus Hoax

Monetary Madness for Virus Hoax

The Final Wake Up Call By Peter B Meyer

Humans Being Considered Cattle

Fake Money Destroys the Economy, But Boosts Stock Prices and Corona Hype

Inflationary Phase Is Coming Soon!

Trillions Worth Of Stimulus Is the Grandest Wealth Theft From the Public

Precious Metals Update

Corona Quarantine Is Our First Step Into the New World Prison

Fake money and central control will destroy the economy, but they can still boost stock prices, and keep people unnecessary Corona Virus quarantined. It’s a virus with a Facebook page, a Twitter account, and a PR firm. It has gotten more press coverage and more views, than any ailment ever visited the human race on planet Earth. If this virus were a stock, it would be overexposed, overpriced, and overhyped.

Different countries use different strategies to fight the ‘fake’ invasion. Brazil, Nicaragua and Sweden haven’t implied any quarantine rules and don’t have more, even less infected people or none at all. And, there are 34 countries on the planet that have not registered a single Covid-19 case.

There are even more non-lockdown countries, which are Iceland, Belarus, Japan, South Korea and Taiwan. Most have followed Sweden where early on a professor declared “reinfection with Covid-19 is a myth”; An Icelandic doctor has said; “the virus had arrived already in December last year”. Remarkably, their results have been as good or even better than in the lockdown countries. Yet, without having to endure socio-economic chaos that other countries are experiencing.

Pay attention: These countries, have already won the virus debate scientifically and convicted the implemented course of actions. The coronavirus is real, but not as severe as was planned by the Deep State, since the patriots secretly in advance had changed the toxicity formula into a mild virus.

The response to the coronavirus is without doubt overhyped. In time, this hype will be revealed as politically swindle. In fact, the Corona Virus hysteria will go down as one of world’s political biggest, shamefully overblown, overhyped, overinflated and outright deceptive health hoax in human history.

Is a lockdown necessary? Does it do more harm than good? Or does it merely provide an excuse for doing things that Deep State controlled governments wanted to do anyway? – Priming people for their first phase into the prison of the New World Order? It seems likely to be the case. The Corona pandemic is a fraud using inaccurate death statistics to push mandatory vaccination and poisonous micro chipped injection in every human being on Earth.

The likely death rate is less than 0.002% of the world population, and not the 6.9% as widely is published in the media. In other words; the C-virus is a nasty bug, with a particular grudge against people who are in bad shape and have a weak immune system, causing worldwide 30.000 registered death.

Is that a good reason to lock down the whole economy and prevent young, healthy people from going about their lives? Most likely not. But while the shutdown could be an honest mistake, which it isn’t, as, now turns-out that this has been thoroughly planned in advance.  

It is known that the 2012 London Olympics Opening Ceremony Predicted this Pandemic.

Faced with the clear-headed thinkers on one side, and the corrupt media on the other, people might have been tempted to accept a lock down of the nation, too. But as far is investigated, the virus policy of governments has been an honest mistake; certainly there would have been a better approach.

 So, based on what is known by now, it appears that the “experts” have made a terrible blunder. As, the virus only targets a very narrow segment of the population; the old, the fat, the diabetic and those with heart/lung conditions. But that’s not a reason to shut down everybody else.

If young people were allowed to go to work, and children go to school, no one is going to die from the virus, when they return home. As, another report undermines the case for a universal lockdown. Here is Bloomberg:

Children contract the coronavirus less often and with less severity than the general population, and there doesn’t appear to be cases of a child passing Covid-19 to an adult, according to a new report.

Besides the financial losses in the trillions worldwide, God may know what personal suffering a lockdown causes; bankruptcy, job loss, homelessness, loneliness, spouse beating and irritation, depression, suicide, etc.

Although, those of us most at risk number only about one out of 20. So, rather than shut down the entire economy, a better course of action would have been just to shut down the elderly. If they should focus on the most vulnerable people, especially in nursing homes, making sure they are properly isolated and protected while the rest of the population goes about its business and acquires its “sheeple immunity,” would have been a wiser act.

Humans Being Considered Cattle

All people are slaves, they own you and you are in it. Under the ancient Babylonian Religious Codes, “Slavery” is clearly facilitated. People were not recognised as human beings thereunder, but are mere items of Commerce, like cattle. Slaves could be arrested and assaulted on by government officers for not following the rules or showing up for work on time, as is happening nowadays with the excessive number of penalties for Corona compliance.

The text-books say; “The slave is not regarded or spoken of as a human being, but as a thing, and is reckoned with, in the same way as cattle.” And that are we the people locked down in our homes, under many useless restrictions and lots of penalties in the range of hundreds of euro’s each. In the first 40 days, the police in Spain have issued 750.000 penalties on average 200 – 400€ each. Just, to keep the money flowing for the government.

The fake money-printing has geared up. Because the Virus-enemy is approaching! Pulling out all the ammunition they can get their hands on! In the hysteria, Central Banks have added more trillions in the last two weeks, than in all the previous year combined. And now they are printing at a rate of hundreds of billion per day. The so called, necessary government “bailouts” are a crime.

It is the grandest theft in human history. Sooner or later, that money will begin to light up the Score Boards for shares and real estate. Although, governments can raise prices through inflation, but they cannot raise values. Stocks will rise, but the real value of the companies themselves will likely fall.

The Central Banks control the printing press. With it they can drive up prices for just about everything, except for one thing: the currency itself. As prices rise for goods, services, and assets, it means the purchasing power of each currency unit is going down.

The US-dollar and the Euro will be the gaskets that blows, to releasing the pressure from trillions of currencies’ worth of fake money. Before, that happens, the most obvious investment you can own is still gold which rises as currencies fall.

Fake Money Destroys The Economy, But Boosts Stock Prices And Corona Hype

The modern “magic” of creating money out of thin air had its roots in the ancient city of Babylon, some 600 years BC. While about 1000 BC, it was discovered that control over a fraudulent money supply not only gave them control over the assets of the people, but in a very real way, control over the government of the people. They learned to make money over the backs of the people with the sanction of their own elected government. Sounds familiar even today, doesn’t it?

Frequent FWC-readers will not believe that a small group of technocrats in the central banks can do a better job of setting interest rates than millions of borrowers and lenders in the free market, or that real wealth can be “replaced” with fake money.

The cabal obtained their control through a process of easy money/tight money cycles. By making money easy to borrow, the amount of money in circulation is increased. When the money changers were satisfied that enough suckers had taken the bait, the trap was sprung. 

Since the lockdown was announced on March 19, the monetary base has increased about 20%, by the Rothschild central banks all over the world, making a mess of the economy.

They are printing money in the Trillions, as the tax revenues are stopped by the corona virus quarantine, while there is no one to borrow from, because no one will lend them money. For the simple reason that nobody has got that kind of money. And if they had it, they wouldn’t be fool enough to lend to someone on such a reckless spending binge.

The only possible source for so much financing is the Central Bank. And these have only one source and that is the “printing press.” In the end, they all are following Venezuela with soon to be seen inflation rates in the millions of percentage points.

Many of us above the age of 40 years have experienced inflation in one way or another and can remember when prices rose an average up to about 300% per year. That kind of inflation does to an economy approximately what the fake coronavirus does to us the people. Businesses shut down.

They can’t make plans for future investments. They let workers go. People stay home. Their money loses value so fast, they try to get rid of it as soon as possible. This feeds even further price increases, and reduces production even further.

For example, typically in these circumstances governments propose price controls, that discourages the little output that was left. High taxes and capital restrictions drive away investors. As wars are meant to distract people from the financial mismanagement and to rally them behind the government: wasting the little wealth that still was left. Fake money and central control may destroy the economy, but can still boost stock market prices, and the Corona hype.

Interest rates are at 0%, which at the moment feels almost like a given and a normality. New stimulus packages are still being drawn up. And as unprecedented trillions of “fake money-” Band-Aids flood the economy in the form of central bank-printed currencies, dollars, yen, and euros, eventually, it takes no more money to buy the same amount of assets like gold and silver. As is read in an article on Zero hedge:

The central banks of the world are pumping unprecedented amounts of money into the financial system. It may not happen overnight, but over time, this will reduce the value of our paper currencies… especially relative to hard assets that central banks can’t print, like gold and silver.

Inflationary Phase Is Coming Soon!

Both bonds and the currencies may be telling us that the switch from deflation to inflation is not far off. The bond market seems to have topped out. The central banks are going to do “whatever it takes” to keep stock and bond prices high – at least in nominal terms.

They’ll buy bonds by the boatload to keep prices high. But like stocks in the ’70s, the ground will give way beneath them. The dollar – in which most bonds are quoted – will sink against almost everything else, particularly gold.

In times of crisis and thereafter, gold prices shoot higher after a brief “confusion period.” Recently this was happening in March. Gold was manipulated lower to a low of $1,500 per ounce. But nevertheless, again is the spot price of gold back to $1,700 per ounce. And insiders in the market firmly believe it will reach new highs at or above $3,000 in the very near future.

The bottom line is; owning at least some gold or precious metals is something everyone with savings should be a part of. Gold and silver have never been cooler.  

Trillions Worth Of Stimulus Is the Grandest Wealth Theft From the Public

Meanwhile governments are transferring trillions worth of wealth from the public to their friends, affiliates and cronies. And, be assured; No Corony is left behind. A report at Bloomberg tells that little of the bailout money actually goes to the firms that need it:

U.S. Loans Didn’t Flow to Businesses Most at Risk, as a study shows

Instead, it’s going to the industries with the best lawyers and lobbyists. And when that runs out, there’s plenty more where that can come from.

The shale oil industry, for example, was always a loser, supported largely by the Fed’s artificially low interest rates. Now, President Donald Trump pledges the public’s money to bail them out:

The Stimulus bill amounts to $2,200,000,000,000.00, divided over the population of 330 million is approx. US$ 6.000 per head. But instead every adult under a certain income will be given $1,200 each. So the big money goes where it always goes to the Elite. The Fed is funding the DC-Swamp Filler program. As it’s pumping trillions of dollars into the financial system directly, intended to boost stock and bond prices. Cronyism is still working.

There were all sorts of shenanigans that meant the fund ran out of money before the legitimate small businesses could even complete their applications. For example, big banks earned ten billion dollars in fees for processing the loans and here’s a list of big companies that played around with this system and drained it of millions.

Many, of the small businesses who need the money to survive haven’t gotten it yet and may never get it, but big banks and big businesses are sitting pretty with the help of their cronies in Congress. It isn’t a stretch of imagination to say that the longer a small business stays closed, paying their expenses and holding inventory while not being able to earn income, the less likely they are to reopen successfully (or at all) once the all-clear is given. And if they can’t reopen? All those folks they used to employ will be out of a job.

It must be clear; there is an urgent need for GESARA with the new monetary QFS system and GCR / RV to reboot the global people’s economy. Hopefully this will be realised soon.

Precious Metals Update

With this incomprehensible tsunami of government debt and paper money flooding the system, real assets are a historically great bet. As explained before: real assets are things that cannot be engineered long-term by politicians and central banks– assets like productive land, well-managed businesses, and of course precious metals. These tend to do very well when central banks print loads of money.

Farmland, for example, was one of the best performing assets during the stagflation of the 1970s.

Financial data over the past several decades show that whenever central banks print lots of money, the price of gold tends to increase. In fact, the price of gold is relatively cheap compared to the current money supply. While the price of silver is ridiculously low compared to gold. Factually, silver has never been cheaper in 5,000 years. This is why everyone with savings should own physical silver, as the price of this metal very likely is going to soar exponentially.

Stay tuned there is more to come 

http://finalwakeupcall.info/en/2020/05/06/monetary-madness-for-virus-hoax/