American savers lost an estimated $500 billion due to low interest rates since the financial crisis

Remember When Americans Used to Save Money? Me Neither

 
A savings account used to be the holy grail of personal financial responsibility, but these days, Americans are in no position to save even a dime.

Some Disturbing Facts About Americans and Their Financial Outlook

 
*Low interest rates have kept Americans from saving $500 billion to $2 Trillion over the past 10 years
*40% of Americans can’t cough up $400
*Over half of all new jobs in the workforce are taken by people over the age of 55
*More Americans say they are having to put off retirement to support their kids
*Low interest rates and Quantitative Easing by the Federal Reserve have resulted in a massive stock market bubble

Buy Gold Online

Gold Remains Undervalued Amidst a Sea of Toxic Financial Instruments

 
Gold remains traded at a level of around $1290/ounce, but if the market takes a sudden dive in a new recession, it won’t surprise anyone to see gold double or even triple in price the same way it did between the late 90’s and 2013.

That’s why it’s best to get some gold now while it’s cheap. If you have a 401k or IRA and want real physical gold as well as the tax benefits of an IRA, check out this free gold IRA kit for qualified investors.

401K Gold IRA Rollover Kit

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Recession is Now a 75% Probability According to This Leading Economic Indicator

Recession Now a 75% Certainty

 
Some other points mentioned in the video include:

*84% of CFOs surveyed predict a recession by 2021

The survey surprised the surveyors when so many CFOs were in near total agreement that a recession would be here by 2021, if not sooner. A global slowdown is in effect, however the American and Western mainstream media will not touch this topic. It’s always about Trump and either what he’s doing or not doing. In other words, just more fake news.

*Fewer young Americans getting drivers licenses

While getting a driver’s license used to be as American as applie pie, Generation Z’ers are now enrolling in driver’s education courses at later ages, and fewer are going to the DMV to get that all-coveted freedom pass. With Uber, Lyft, and limited resources to include insourcing menial wage jobs to foreigners and immigrant workers (some illegal), the average American 16 year old is now competing heavily with men twice their age who are willing to practically kill themselves to do the same job.

*Labor market supply oversaturation keeping wages flat

Again, globalism reveals its ugly head, with many Americans entering the workforce later for jobs that pay less and offer fewer hours, while women joining the workforce and letting in massive amounts of immigrants more than doubled the labor market, thus driving down prices of labor since the 1970’s.

*Real inflation and CPI around 7 – 10%

The government has consistently changed the way it keeps tabs on metrics such as inflation and the CPI (consumer price index), even going so far to ignore the cost of basic goods because at the end of the day, the Federal Reserve is not there to do anything but protect the global banking elite and keep Wall St looking good.

*Millennials can’t afford to buy homes, have too much debt

With a lack of good jobs, millennials are graduating college with record student loan debt that many will never be able to pay back working a “normal” job. When I waited tables, I encountered a bartender who told me she had over $100K in student debt. I nearly collapsed when I heard that and she said it as casually as you might ask for an extra napkin when having lunch.

*10,000 baby boomers retire every day and need to be wary of market downturns

With 10,000 people becoming 64 every day over the next couple of years, a baby boomer will benefit from being mentally and psychologically prepared to protect their investments, 401k and IRA while they still can. Ensuring that once you leave the workforce your investments are more heavily divided into lower risk assets while being ready to sideline your stock holdings into cash are one way to prepare. We offer a free gold IRA investing kit to help people with this as well.

Qualified Investors Receive a Free Gold IRA Rollover and Investment Kit

 
IRA Rollover to Gold

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Inflation Eating You? Price of Gas Now the 2nd Highest it’s Ever Been in US History

price of gas highest since stock market crash
Things are starting to look like a slower version of 2008.

More Signs the US Economy is Headed in the Same Direction as 2008-2009: the Price of Gas in 2014

The price of gas is showing huge signs of US dollar weakness, edging higher and higher and resembling that of 6 years ago before the stock market crash. This goes to show the strength of inflation that consumers are facing. Although the Fed Reserve doesn’t care about inflation, the average American has dealt with a growing 25% inflation since 2001.

Additionally this theory is confirmed and supported as the #1 reason for consistent rises in the price of gas.

 

What You Can Do to Save Money When You Drive

One good way to save money is to optimize the gas mileage your car receives. There are many little things that can have a negative impact on your car’s gas mileage. Gasoline prices are not improving so it’s important that you do what you can to get maximum gas mileage out of your car. Two very simple things you can do is keep your car in tune and change the oil when needed.

Analyze how often and how far you usually drive, the routes you take, the amount of traffic, and see if there’s anything at all you can do to minimize the distance  you drive and the time you spend on the road.

Consider an Electric Vehicle just like the thousands of others who are enjoying new technology and savings on energy.

sale of electric motor vehicles going up
In spite of TX, AZ, and NJ banning the sale of Tesla automobiles, electric car purchases are on the rise.

Get a Tune Up, Especially an Oil Change

For those of you who don’t have a lot of knowledge dealing with automobiles and their maintenance, a tune up will usually consist of changing the spark plugs. Tune ups aren’t necessary very often, so you probably don’t have to worry about it at this moment. A good indicator that you should seek a tune up is if your car has been in use for 50,000 miles. Normally, you should schedule an oil change every 3500 miles, but you can usually wait until 4500 miles without any adverse effect on your gas mileage.

Give yourself time to warm the car up in the morning

A true gas guzzler is any vehicle that is turned on in the morning. The engine is cold from sitting all night long, and this means it needs a little more time to warm up. The mistake so many people make is they start their car and then go. When you start driving immediately, your car doesn’t get a chance to warm up before hitting the road. You will burn extra gas when you do this, which is why you want to prevent starting your car and then just driving.

You will prevent yourself from burning this excess gas by letting the car warm up, instead of just immediately driving away. Sometimes people have their mornings down to the last second – this means you need to modify your schedule in order to make this work. You will save a lot of money by using this approach which is why you want to do it.

Talk it out with your partner or spouse

If you’re living with a spouse or partner, then how about both of you getting on board and save money together. Do a “brain dump” and put down any ideas each of you has. Then, fine tune the details and you will have a comprehensive plan that encompasses both of your ideas. It may be a challenge sometimes, but give each other encouragement to stay with the plan. Eventually, you will see progress in your savings.

It’s worth it to start saving money even if it’s $10 a week. 500 bucks is what you will save on an annual basis. This only represents cash you are not spending every single day. Over time, this can build up quite a bit. You will be able to save a lot of money by doing several other things. Things might look a little bleak for you, but even then, people strapped for cash can still save money. You will be able to save money, but you need a plan of action and you need to stay positive.

Other Steps for Making a Plan to Save Money

Almost everyone that has a credit card is aware of the credit card wars that continually wage war with one another. It does not take a long time to figure out what many people like to do. Credit card hopping will start to occur as the consumer chooses one with a lower rate over another. It is always a good idea to get the lowest interest rate possible to save the most money. If you want to help your credit score, then have a few cards because it will positively affect your score. Using your card to pay monthly expenses, you can then put your paycheck away. Your credit score will be positively affected by paying off a credit card with your check at the end of the month.

 

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