The fragility of a consumer economy August 4, 2009
Posted by Jeff Nabers in Money, Personal Enjoyment, Personal Productivity, Self Directed IRA/401k.Tags: consumer, crash, depression, economy, fed, gree shoots, productions, recession, spending, unemployment
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When an economy is based on healthy, sustainable activity with a balance of production and consumption, the type of depression we are in can’t happen. In our consumption-based economy, on the other hand, nothing can “stimulate” things back on track. This is because the track we were on is unsustainable. There’s no going back on it. American consumers can’t spend & consume more today in an effort to “save” the economy because we already spent and consumed the goods of today.
Despite the “green shoots” talk that all the economists and politicians are spreading on TV and in magazines and newspapers (pay no mind that these are the very people who didn’t see the crash coming–we are expected to now value their opinion about what’s going to happen next), what’s next isn’t good for the general economy. As illustrated by Ian Mathis of at Daily Reckoning, by the end of the year about 1.5 million jobless Americans will exhaust their unemployment benefits.
We know that unemployment is sky high right now (10% official figures and 20% as figured by shadowstats.com), but millions of those jobless Americans are receiving checks from the government that are continuing to pay for their rent, groceries, Venti 7 Pump White Mochas, etc. By year’s end, about 1.5 million Americans will no longer have a source of income. In other words, the further reduced consumption affiliated with unemployment hasn’t even come home to roost yet.
Waiting for the “general economy” to be brought back to life will turn out to be a disappointing plan. Your personal economy is what matters, and thriving is a matter of what you make for yourself. Just as the Soviet Union taught us that central planning doesn’t work, we will relearn that lesson as central planning continues to fail in the Unites States. Don’t wait around for stock markets to go into a long term rebound (as opposed to the bear market rally or “bounce back” that comes before the next leg down in every stock market crash) or for the government to get your job back for you. If anyone’s going to bring your prosperity, it’s going to be you!
Investment Opportunities July 24, 2009
Posted by Jeff Nabers in Money, Precious Metals, real estate, Self Directed IRA/401k.Tags: appreciation, argentina, asset, brazil, cash flow, cashflow, chile, china, deflation, depression, economy, gains, hedge, hong kong, hyperinflation, income, inflation, invest, investing, investments, mortgage note, opportunities, real estate, recession, russia, singapore, trust deed
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When listening to feedback from Nabers Group clients, one message is loud and clear, “We want to see investment opportunities from you.”
I sent out a survey to all of my clients recently, and I’d love your input too. With my activities in many circles, I have access to mounds of solid investment opportunities. If you complete this survey it can help me understand what types of opportunities you are most interested in.
A Huge Leap of Progress in Affordable Healthcare July 15, 2009
Posted by Jeff Nabers in Health.Tags: coverage, economy, government, Health, health care, health insurance, healthcare, insurance, politics, reason
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As I hear more and more about the topic of health care reform, this video I came across a while back comes to mind. It cuts through (more…)
Could We End The Fed? June 14, 2009
Posted by Jeff Nabers in Money.Tags: 1207, audit the fed, bank, bernanke, congress, economy, end the fed, fed, federal reserve, greenspan, hr 1207, inflation, money supply, ron paul
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The U.S. House is going to debate the “Audit The Fed” bill. I don’t pay close attention to what’s being debated and passed on the floor of the Senate of House of Representatives because what’s usually written up, sponsored, and voted on isn’t even read by our Congressmen.
This Audit the Fed bill is a different story. It’s sponsored by a Congressman who some call 
(more…)
NY Times’ Meltzer Calls for Fed To Stop Causing Inflation May 14, 2009
Posted by Jeff Nabers in Money.Tags: allan meltzer, bernanke, economics, economy, fed, federal reserve, free market, inflation, interest rate, volcker
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The Fed’s activities for over a decade have been very focused on creating inflation (an increase in the money supply). Allan Meltzer wrote a great article the other day summarizing how inflation isn’t the solution to our economic problems… it’s the cause.
He revisits how Fed chairman Paul Volcker came on the scene and decided to directly combat the economic problems in the 70s by simply (more…)
Book Announcement: UNLIMITED INVESTING March 31, 2009
Posted by Jeff Nabers in Money, Precious Metals, real estate, Self Directed IRA/401k, Uncategorized.Tags: alternative, alternative assets, alternative investments, book, chongchua, depression, economy, gold, ira, ira llc, jeff, llc, nabers, phoebe, proof, real estate, recession, self directed, self employed, solo, Solo 401k, solo k, unlimited investing, wall street
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In case you haven’t heard through the grapevine, my new book, UNLIMITED INVESTING With a Self-Directed IRA LLC or Solo 401(k): Break Free From Wall Street To Build Real Wealth With Alternative Investments, will be available soon.
I’ve joined (more…)
How to Cope with Your New $50k in Forced Debt This Year March 6, 2009
Posted by Jeff Nabers in Money, Personal Enjoyment, Personal Productivity, Uncategorized.Tags: bailout, crisis, decicit, depression, economic, economics, economist, economy, government, meltdown, obama, recession, spending, stimulus
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There are about 100 million non-government, non-taxpayer-paid workers in the U.S.
$3 trillion normal government spending + $2 trillion additional emergency spending = $5 trillion government spending in 2009.
That amounts to $50,000 of government spending per non-government, non-taxpayer-paid U.S. worker in a single year.
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