Asset and Wealth Protection
Most economic experts agree on three things: 1) Lawmakers are highly unlikely to reach an agreement before Jan. 1, when deep automatic spending cuts and crippling tax increases will automatically occur. 2) When they do implement a fiscal cliff plan, it will probably be little more than a quick-fix to avert only the harshest consequences of their failure avert the cliff. 3) Talks over the fiscal cliff have become more about political grandstanding and less about protecting Americans’ bottom lines.
I am at a financial CROSSROAD and am going “nuts” trying to figure out what the best way to go may be.
I have a second mortgage on my home of approx. $44,000 and (at the same time) I have a total of about $43,000 (spread across 3 different investments: Merrill Edge, Charles Schwab, and an IRA at Chase Morgan). Do I cash everything in and pay the second mortgage, …… or just leave everything where it is?
Another idea I had was to purchase any type of 2-bdrm sound structure with a little bit of land (no matter how little)… “down South”… maybe in North Carolina or Tennessee. The prices down there seem to be EXTREMELY low these days. Why? In case the country SPLITS, I see the South becoming its own country… again! And… it looks like most of the conservatives may just be in the South. I don’t like the heat down there, but I definitely do not want to end being surrounded by communist liberals….no matter how mild the weather may be.
I REALLY hope I won’t get “….sorry, but I cannot give you financial advise”… back. I’m just an old woman, by myself trying desperately to get somewhat ready for the upcoming disaster (financial, social, and every other way one can think of). One would have to be blind not to see (and feel) that something terrible is coming.
I TRULY hope you can give me some direction on this. The above is ALL I have in the world and don’t want to do the wrong thing, especially “now”.
Mrs. S. Winberry
Lawmakers have been itching to implement far-reaching government Internet controls in the United States for a long time. Now, the Nation’s financial services industry is giving them the boogeyman they need: warnings of a potential threat that Russian “cyber-gangsters” are preparing to rob American banks.
Most conservatives believe that the re-election of President Barack Obama is going to bring dire economic circumstances over the next four years, which could possibly drive the Nation into total collapse. The belief is likely not far-fetched.
On Page 5 of your October newsletter (The Bob Livingston Letter™) you said that devaluation would take place over the weekend. How do you know this, and how will the government get around the FDIC with banks and how will they get around our Constitutional rights?
Gold prices spiked late Tuesday and early Wednesday morning following the re-election of President Barack Obama as many economists say that Federal Reserve policy will likely continue on a possible course to inflation.
The Nation’s future rests upon the hope that President Barack Obama’s leadership will somehow get better if we can chill over this result of this election. That is not much consolation except to say maybe we were doomed before this election. Also, what we do now and over the coming months will be a test for American democracy — the longest lived one in the world.
What will have to happen to make the price of gold and silver skyrocket? You had stated in the (October issue of The Bob Livingston Letter™) newsletter it was being repressed right now. Also when do you feel this will take place?
There’s a saying: When you lose the Internet, it’s like 1979; when you lose power, it’s like 1879. Technology has made steady, reliable power a necessity not only for individuals but for industry and governments as well.
What is your opinion of the Austrian Philharmonic gold coin?