Dean & I have decided to include all of this information, here free of charge, to existing members of forexmentorpro.com. Dean is currently working on a redesign of the site which will take a few weeks at least, so bear with us.In the meantime I will post articles and information here on my blog & I will create a section in the forum so it can all be kept in one place.
This first article is in two parts.I explain what I believe is currently happening in the financial world & how we all need to learn how to think and act differently in the future.How to learn to look after ourselves.Many western governments are technically bankrupt and I can not see how pensions in their current format can survive for much longer & therefore I believe it is crucial that people are aware of the potential problem and take POSITIVE ACTION now & learn how to look after themselves.
This is not intended to be scaremongering. This is simply pointing out a potential major problem and I will offer suggestions of how to make extra money and invite experts from non forex fields to offer their advice as well.I have one aim with this new section of the website, that is to help as many people as possible become financially wealthy, astute & secure.
Most people receive little or no financial education and simply repeat the same old mistakes whilst helping the rich, financially literate become more wealthy.Those at the top of the financial food chain are positioning themselves now to take advantage of the current financial melt down that we are living through.
Unlike many of you who may be concerned or even down right scared as to what you are going to do protect yourselves, these guys already know how they aim to become even richer at the little guys expense.
This is NOT by accident.William T. Harris, U.S. Commissioner of Education, 1889 one of the creators of the US education system had this to say:
“Our schools have been scientifically designed to prevent over-education from happening. The average American [should be] content with their humble role in life, because they’re not tempted to think about any other role.”
In other words the education system was created to create “worker bees”, intelligent & literate enough to work in factories and operate machinery but NOT to join the financial elite. Little has changed in the last 120 years in my experience. My children still leave school with no idea of even how to write a cheque, let alone the intracacies of APR, compound interest trades etc
In the coming weeks and months:We will show you how to protect and grow your wealth despite the fact that we are currently living through what could become THE biggest financial crash of all time.Also the steps you need to take to become successful. The step by step strategy you need to plan your future. How to follow that plan & then offer you a whole range of “shop windows” where you can take this new found skill and apply it to the type of income generating methods that suit your pocket, your personality & your goals.
If I turn out to be wrong and everything in the pension garden comes up smelling of roses then you will have lost nothing and hopefully gained extra income anyway!
In the words of Bob Dylan, “The times they are a changing.”
Its only a few 100 years ago that most of our ancestors were working in the fields.Along came mechanization of farming & the industrial revolution was born.In 1998 Google was founded and began its meteoric rise from a garage. It is now one of the richest, most well known and used companies on the planet.
In 2004 Mark Zuckerberg started work on Facebook which recently floated for $100 Billion just 8 years later.In 1903 the Wright Brothers made the first powered, piloted flight in history, less than 70 years later and man was on the moon.In 2011 Richard Branson with his private company, Virgin Galactic is very near to offering space flights to the paying public!
Times change and in the last 100 years, at an incredible rate. Those who are willing to open their minds to the possibility of change and more importantly TAKE ACTION will be the ones who will benefit the most.The financial world is a very scary place right now especially for the majority of people who have little or no financial education or business experience.
Financial advisers are still chanting the same old mantra of “put all your money in the stock market in a diversified portfolio.”As a former financial adviser, I believe that this is THE worst possible advice.Why? The financial system is broken. The level of corporate greed and corruption has been exposed and yet these same fat cat clowns are still running the show. They make money from other peoples ignorance & misery.
Doomsday Scenario: A possible major recession will see many, many companies go to the wall & with it your stock or pension portfolio. Already pensioners are seeing their lump sums shrinking and savers are receiving little or no interest on their nest eggs.More and more people will lose their jobs and their homes. If this happens greater numbers of people will need to live on welfare and yet most western governments are bankrupt.
The official figures for unemployment in the Eurozone group of 17 countries is currently over 17 MILLION & countries like Spain and Greece have 50% youths who have no work.Politicians and governments lie. I know you are shocked In the USA the official unemployment rate is 8.2% as of June 2012. However in 1994 the then government removed (the figures were looking bad) the long term unemployed. These people are known as “discouraged workers” – if they were added back into the figures the rate would be over 20% today!
Another of the the big lies is inflation. In the Uk at the moment June 2012 the official government figures state that the rate is 2.8% and it will go down next year. At the same time energy prices alone have risen an average of 20% this year and a business associate of mine has just been told his contract will be increased by 50% next year.How can those two figures be accurate? They are not. Governments lie and manipulate figures.
Inflation and printing billions of new notes is destroying the value of all of our money. If the true rate of inflation is 12% and your savings are earning 2% it does not take a mathematician to see that their value will be wiped out in just a few short years.
Even if we (hopefully) avoid this doomsday scenario, the financial world has changed forever.If you wish to thrive & survive in the coming months and years you need to learn to think & plan differently. Relying on governments is not the solution. Consider new & alternative ways of making money and then know what to do with it when you have it.
Part one continued below