This is the full version of the movie, which features extra parts not yet seen on YouTube: Currency creation, the Federal Reserve, fractional reserve banking, how central banks steal our wealth, runaway deficits, the second wave of mortgage resets, Mike’s prediction of short term deflation THEN hyperinflation, New Media, Ron Paul, and the Constitution.
It was fascinating to watch the film again and see how things have moved on since it was filmed in June of 2009. Gold was $950. Silver was $15. The Gold/Silver ratio was 65. You could pick up a monster box of eagles for a cool $8000.
Though the prices and ratios have moved on, the film is entirely relevant and still one of the best ways for a newcomer to get up to speed with gold and silver. It is jam packed with information and calm analysis by the top experts in their field, who have been right since the start of the last decade. If you have a friend or family member who wants to know about metals but you can’t find the time to help them understand, or if there is someone you want to help but they just won’t listen, or even if you just want to say ‘Haha! Told you so!’….do them a favour and send them the link to this movie. Embed it on Facebook. Tweet it. The lot…
At least they won’t be able to say ‘Why didn’t you warn me?’ as they ask you for a loan!
“You know, we’re in this period where governments are abusing their currencies worldwide, and gold and silver are going to account for all of this. And like I say, there are these brief moments throughout history where the investment with the single greatest potential gains in purchasing power, is also the safest place that you can put your wealth, for the past 5000 years! And I’m not going to let that pass me up, let me tell you!”
Thank you Mike Maloney, neither are we.
Contents of the film:
-Currency Vs Money
-United States M3 expansion
-Fiat Currency and how it is created
-The Federal Reserve is neither federal nor has reserves
-Fractional reserve banking
-How central banks steal wealth from the people
-The second wave of mortgage resets
-Out of control deficits
-Gold always accounts for an expanding fiat currency supply
-Gold and silver above ground supplies
-Differences between the 70s bull market and now
-Silver as an industrial metal
-Gold/Silver ratio and the Price Discovery Mechanism
-Growing awareness and New Media
-Ron Paul and the Constitution
-Price suppression via metals leasing
-GATA
-Fraudulent gold accounting by the US government and the change made in May of 2007
-Price manipulation via ETFs, includes sections of the SLV prospectus
-The privacy of physical precious metals
-Real Estate vs gold and silver – less than 500oz silver to buy a home?
-Dow vs gold and silver
-Why investment advisors won’t recommend gold and why 10% of your portfolio in metals is ridiculous
-Cycles
SEARCH ENGINE KEYWORD RESULTS :
When you hold a poor image about you and money, it’s almost impossible to attract enough of it into your life. And even if you have used your talent and enormous energy to earn some big money, a poor image will do everything it can to sabotage your wealth (there are a number of well known athletes and celebrities who are proving this principle right now).
Here are some beliefs that are common to those with a poor money
image:
“I can’t ever seem to get ahead.”
“It takes money to make money.”
“Most people who have lots of money got lucky.”
“I’m not worthy enough to be wealthy.”
“I don’t have what it takes to make a lot of money.”
“I’ve never been good at managing money.”
“To earn more money, you have to sacrifice everything.”
And there are many more.
I had most of those beliefs myself thirteen or fourteen years ago when I didn’t have any money. So I know they’re very real beliefs for a lot of people.
When it comes to money, most people believe it will take a struggle to ever have any. The truth is, as Bob Proctor teaches, “you were born rich.” You literally possess, right this moment, everything you need to be wealthy beyond your imagination.
You’re just not conscious (aware) of it right now.
I’ve had the great honor to speak on the same stage with Bob a number of times. It’s always very exciting to watch the looks on the faces of the audience as they listen to Bob. People have told me they’ve never heard anyone explain money and wealth the way Bob does.
On one occasion I remember an audience member that Bob interrupted as he was describing himself as “hard working.” Bob asked him why he wanted to be “hard working,” because creating wealth has nothing at all to do with working hard. The audience member grew speechless as it dawned on him what Bob was talking about.
His response was just as memorable as the gentleman who participated in the first-ever You Were Born Rich Tele-Seminar we did with Bob. He said, ‘For all my life, and I’m pushing 70, I’ve had a poor image as far as money is concerned. I grew up in a very tight home and your seminar has led me to think I can earn five thousand a week. And already things are coming to me just like you said. They’re coming to my mind, how I can begin doing that…”
And he wasn’t alone.
Financial education is important for various reasons. For example, financial education helps me to identify risks so that I can avoid financial traps such as the use of future money from credit cards on luxury items. By using my future money, essentially I will be depriving myself of the chance to invest in assets that will generate passive income. Passive income is the key to creating wealth, as I have understood from the book Rich Dad Poor by Robert Kiyosaki. Also, I will need to pay large amount of compounding interest for my outstanding credit cards bills.
I have heard a lot about financial education but I rarely heard anything on time education. Yes, I have heard about time management but there is a difference between time management and time education. Time management is invented for busy people to manage their time. It is not meant for people who have a lot of spare time. For people who have a lot of spare time, time management does not make sense at all!
What do I mean by time education? Time education educates one on how to make full use of one’s time. It should include investment, risk management and time management just like financial education. The purpose of time education is so that one makes the best use of one’s time to realize one’s potential.
Time is a limited resource that is always draining away whether I make full use of it or not. In that sense, it is even more precious than money. Time and money is the only two available things that I can invest to create wealth based on what I had learned from the Rich Dad’s series by Robert Kiyosaki. Yet, there is no full syllabus on time education. Sometime, I wish that there were such a thing as a compulsory time education where I am taught on all aspects about time.
What are the aspects about time that I will like to learn from time education?
Firstly, I like to learn that I can earn passive time similar to the way that I can earn passive income. Using an asset that can speed up or automate a manual process, I am able to gain passive time. For example, I can leave my washing machine running while I do other things. I can reduce my washing time using the washing machine as compared to manual washing of my clothes.
Secondly, I like to learn that there is a compounding interest for time too! For example, if I am interested to learn violin. I will invest my time to learn and practice violin consistently. After the first year, my skills maybe below average. After the second year, my skills will progress because of my consistent time investment to learn and practice. After a number of years of consistent time investment, there will reach a point where I will have a break through. My skills will reach a superb level. This is like having a compounding return based on the time invested.
It will be great if there is a time projection chart that can give me a guideline on how much time I need to invest to reach a particular goal. For examples, if I want to be a superb violinist, I will need to invest 10 years of time to learn and practice. If I want to be a millionaire, I will need to invest 15 years of time to learn and practice. If I want to be a top golfer, I will need to invest 12 years of time to learn and practice.
This is like doing a projected return for my financial investments. Before I do any investment, I will like to know the projected return of the investment. For example, if fund A gives me a greater amount of projected return compared to fund B, I will probably choose to invest in fund A if the risk involved is the same. Similarly, if there is a time projection chart, I will want to choose the investment with best return.
Thirdly, I will like to know about the dangers of time wastage. If I waste my time, what are the dangers that I need to face? For example, if I do not plan for my retirement early, then I will loss the advantage of earning compounding interest for my financial investment. The danger will be that I may not have enough money for retirement.
Another example is that if I do not exercise regularly, then I will loss the advantage of building a healthy body. In the long terms, I face the danger of falling sick easily. This will cause me to loss time because I need time to recover. Also, I will loss money because I need to pay for my medical bills.
These are just some of the aspects of time education that I can think of at the moment. It is definitely more than just time management. Though I agree that financial education is important as gathered from Rich Dad’s series by Robert Kiyosaki, I also feel that time education is just as important.
SEARCH ENGINE KEYWORD RESULTS :
Mike Maloney interviewed by Max Keiser on The Keiser Report.
Mike Maloney is the author of the “Rich Dad’s guide to investing in Gold and Silver” and has a lot of knowledge on economic history.
Mike talks about the banking system and how they create and expand the money supply via fractional loaning.
He explains the future and the debt crisis and how it will boost gold and silver.
In his book he describes “The Biggest Wealth Transfer in The History of Man Kind”.
You can become extremely wealth during times of economic turmoil… If you know how!
Let me teach you how to build a steady and regular portfolio of Gold & Silver and earn monthly income from helping others do the same!
Visit http://www.youniquerichdad.com/ to learn more about me and the opportunity to build great wealth during our times.
Please subscribe and leave your comments about the video!
- Image by Getty Images via @daylife
One of the most dangerous lies in all of finance and economics is the implied myth that inflation somehow “destroys” wealth. It doesn’t. Inflation doesn’t hurt everyone equally — inflation helps some and hurts others.
Inflation is actually one of the biggest reasons large corporations are so powerful in society. The government and big banks use inflation to force people to spend their money and go into as much debt as they can afford.
But how does it all work? Before we answer that, let’s first look at a parable. Some things are best learned in a story format, and inflation is one of those.
The Saver and the Slave: An Inflation Story
There were once two men who were neighbors. Their names were “Jack” and “John”.
Jack was a saver. He spent his entire life saving every penny he could get his hands on. He saved money with coupons, saved money by buying stuff only in off-seasons, saved money by spending as little as he could, etc. He was a saver. By the time he was 45, he had saved exactly $100,000.
John was a spender. He spent every dime he ever earned. Back in his 20s, he even took out a $100,000 loan, and bought two houses with it. He never used coupons, never looked at prices before buying anything, and wore nicer clothes.
During this time, inflation started to hit in. Inflation was fairly high. By the time Jack and John were 45, inflation destroyed 90% of the value of the US dollar.
For Jack, this was disastrous. He spent his whole life saving $100,000, and suddenly it was worth only 10% of what it should have been worth. This means that rather than having 100k it was as though he only had 10k. Not enough to even buy a house.
For John, this was perfect. He spent his whole life spending his money, so he didn’t see his money lose value. He took out a 100k loan, but his loan was only like he had a 10k loan now — and he still has two houses. John ended up selling one house, paying off the loan, and walking away with a free house, and 90k.
Inflation Destroys Debt and Dollars
Inflation doesn’t destroy wealth — inflation destroys dollars. This means if you’re in debt, inflation makes your debt less and less. If inflation is 10%, it’s like your debt is getting 10% smaller every year. If you’re a saver, inflation makes your savings 10% smaller every year.
Every year people in debt see their net worth increase because of inflation.
Every year people who are savers see their net worth decrease because of inflation.
Inflation doesn’t hurt everyone equally — it just hurts people with cash, and forces them to spend their money and get into debt. Inflation essentially forces people to become slaves to banks and to not have money.
In an inflationary society, people who are willing to go into debt to buy houses, businesses and such are at a huge, huge advantage over people who just save their money. Savers are penalized. Spenders are rewarded.
What This Really Means
Because inflation makes debt more attractive, an economy with inflation will see a much higher level of debt than societies with less inflation. This leads to the economy becoming much less secure, and sets us up for financial catastrophe.
Inflation is one of the reasons so many people purchase houses and property even before they have the money — inflation makes cash less profitable or secure.
There’s a reason the government and large banks support creating inflation. It pushes individuals into debt. It makes consumers slaves to creditors. It transfers wealth from savers to people in debt. It stops frugal people from being able to make ends meet unless they have large incomes.
This all means several things:
a) Investing makes more sense. Savings accounts don’t pay interest that’s higher than inflation. This means that most people will use the stock market to build up wealth over time — they have to take part in the financial system. Plenty will get fleeced in the system. Big financial institutions make more money this way.
b) Debt makes more sense. This should be obvious. You’re using inflation to essentially get free money. Most debt comes from banks, meaning you’ll be a voluntary debt slave to a bank because it’s profitable to become one. You’re shackled to the system.
c) An independent retirement is difficult. Being able to save your own money for retirement is much, much more difficult with inflation. If it wasn’t for inflation, social security would be much less likely to exist. This means inflation makes the people more dependent on the government. The establishment loves this.
If you save $1,000,000 for retirement over the course of 50 years, and inflation is 4.07%… you actually only save $136,000 in today’s money, which probably won’t be enough to own a nice house.
Does this mean you shouldn’t save? Does this mean you should go into debt? Not quite. I’ll be writing what you should do in the future… hint: gold is a great inflation hedge.
Right now, inflation is skyrocketing. Gold is exploding. Silver is exploding. The dollar is dying. This is all happening in a way that is destroying savers, rewarding debt, and creating an economy that is based on debt and insecurity.
Shaun Connell is the the founder and editor of Stand Strong Research. He’s an entrepreneur and investor living in rural America. He’s also a firm believer in income investing, inflation hedging, and debt-free living.
Related articles
- Millions of savers have no choice but to lose money (independent.co.uk)
- Through the Looking Glass economics (theglobeandmail.com)
- Why bother saving? (telegraph.co.uk)
- QE2 and Its Effects (economicnoise.com)
SEARCH ENGINE KEYWORD RESULTS :
