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How to Combat Inflation for Early Retirement
by John Bearss, Retirement Specialist
This week I will explore Roadblock Number 5 according to Larry Barrett’s article in the Financial Planning Magazine entitled the 7 Roadblocks to Early Retirement.
Roadblock #5 – Underestimating the Effects of Inflation
Inflation is the biggest risk to any retirement savings plan, and woe to any retiree who underestimates its effects. Inflation is the increase in the money supply, which results in a sustained increase in the price of goods and services over time. Most experts agree that retirees need to assume an annual inflation rate of 3-4%, but a good retirement plan should account for periods of high inflation as well.
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Instead of cash, a tenant pays Trump in solid gold bullion… Is this a new trend?
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The income of the typical American family—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation.
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Editor’s Note: Today’s rise in the CPI numbers are the inevitable outcome of the Federal Reserve’s “easy money” policies. Rising consumer prices are still in the warm-up phase. We expect inflationary pressures to continue to threaten the U.S. economy with full blown hyperinflation remaining a “real and imminent” threat over the next 12-18 months.
My basic thesis is that the U.S. is an empire in decline. In the past, it has made some brilliant moves that secured its place as the supreme economic, political, and military leader of the globe. But in its twilight years, America has fallen prey to the common trappings of empire: military overreach, an entitlement mindset, and currency depreciation.
What the mainstream media never told you about the Iraq war…
To help understand the coming dollar collapse due to the faltering petrodollar system, I often use an illustration about a hamburger stand. Here it goes…
Mexico has quietly purchased nearly 100 tons of gold bullion, as central banks embark on their biggest bullion buying spree in 40 years.
Here’s a list of some of my financial predictions that I said would occur sometime between 2009 – 2013. These economic predictions were written in the Fall of 2008.
In this article, I give four examples of stable foreign currencies that have outperformed the U.S. Dollar over the last several years. I also explain three easy ways to buy foreign currencies using your local bank, CD’s, and ETF’s.
FTMDaily.com Founder, Jerry Robinson, was recently interviewed about the state of the U.S. economy on Iranian State Television (presstv.ir).
In lieu of our regular daily column, we present this very special and exclusive Q&A session with economist and FTMDaily.com Founder, Jerry Robinson. This Q&A session is an excerpt from the Winter 2011 issue of our FTMQuarterly newsletter released on January 15, 2011.
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 24 – In a move that some right wing bloggers are referring to as “economic terrorism,” a former president of the SEIU (Service Employees International Union), Stephen Lerner, gave a talk at Pace University recently where he proposed a plan to destabilize certain Wall Street [...]
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, ISRAEL Since World War II, the United States Dollar has been considered the world’s reserve currency, i.e. the money held by foreign banks to back up their own currency. However, a number of recent events have caused some analysts to begin questioning whether that dominance will [...]
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 11 – In yet another sign of the growing importance of the Chinese economy on the world stage, Chinese consumers have been snapping up gold in record numbers recently with consume demand reaching more than 200 tons this past year and combined government and consumer [...]
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 7 – Since 1971, American money has been valuable only because people perceive it to be valuable since the American government officially backs it. Prior to that, American money had a kind of intrinsic value as well – it was backed by gold held in [...]
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 3 – You walk up to the gas pump and check the price. $7.94 per gallon the meter reads. You shrug and begin to fill up your tank, watching in numbed silence as the numbers race by. By the time you’re done, the total cost [...]
WallStreetJournal.com by Barry Eichengreen For decades the dollar has served as the world’s main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here’s why—and what it will mean for international markets and companies. The single most astonishing fact about foreign exchange is not the high volume of transactions, as [...]
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Feb. 24 – The world has been watching and waiting to see what would happen with the Middle East Crisis for the past few weeks now, ever since Tunisia managed to overthrow their leader and declare an age of democracy in that country. The protests quickly [...]
by FTMDaily.com HOUSTON, Feb. 18 -For the first time ever, cotton prices reached $2 per pound in New York yesterday. Increasing global demand and shrinking supplies drove the commodity to all-time highs. In the wake of global financial crisis, global consumption has begun growing again — especially for textiles and apparel. The demand for clothing and [...]
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Listen as FTM Weekly Radio Host, Jerry Robinson, interviews Gonzalo Lira, on the topic of hyperinflation. Listen as Lira explains how and when he believes hyperinflation will happen. The entire interview is about 45 minutes long. Enjoy!
Image via Wikipedia Following is the full text of the statement from the Federal Reserve’s Federal Open Market Committee issued on Wednesday following a two-day meeting on monetary policy: “Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household [...]
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Massive inflation lies ahead and the Fed is telling you that it is going to create it. Fortunes are made in times like these…
How Hyperinflation Will Happen
By Alen Mattich | WallStreetJournal.com August 23, 2010, 1:26 PM GMT Could the Federal Reserve’s decision to restart its quantitative easing program trigger a dollar collapse? That’s what John Hussman, a fund manager, argues in his latest weekly note to investors. And the case he makes is strong… as long as one ignores the fact [...]
Follow the Money Weekly radio host Jerry Robinson talks with popular author and financial commentator, Michael J. Panzner regarding the most pressing economic issues. The interview includes Panzner’s outlook on inflation in the U.S., as well as his opinion about precious metals and agriculture. Part 1 Part 2 Listen to the entire radio show, and [...]
When gold nuggets were found in the foothills of California in 1849, a frenzy of prospecting ensued. Now, thanks to the ‘Great Recession’, it’s happening all over again. By Kevin Fagan | Telegraph UK Published: 12:15PM BST 14 Jul 2010 Avery Rathburn and his highbanker along the Scott River, California. Photo: SARINA FINKELSTEIN Ken Oliver’s [...]
Submitted by Tyler Durden on 07/09/2010 17:02 -0500 | Zerohedge.com As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report. After reading these it almost makes [...]
Merrill Lynch forecasts further upside for gold, silver prices for 2010-2012 Merrill Lynch upgrades gold and silver price forecasts, based on investor demand, central bank buying, and inflationary risks. Author: Dorothy Kosich ] Mineweb.com Posted: Tuesday , 22 Jun 2010 RENO, NV – Merrill Lynch metals analysts maintain gold will hit a US$1,500 per ounce target [...]
The National Debt Clock is shown Monday, Feb. 1, 2010 in New York. President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year [...]
“The U.S. turned 234 years old yesterday, and yet over half of the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. No wonder gold is in a full fledged bull market . . .” -David A. Rosenberg Chief Economist & Strategist Gluskin Sheff + Associates Inc.
(Jerry’s Comments: Here it is. The Fed is now threatening to pull out the big guns. Among the strategies on the table, to offer “exceptionally low” for an “extended period,” and a major new asset-purchase program. I have bolded important statements in the story below.) Federal Reserve weighs steps to offset slowdown in economic recovery [...]
Businessinsider.com | Joe Weisenthal | Jul. 6, 2010, 4:51 AM The world’s hottest deficit hawk Niall Ferguson brought his message of fiscal doom & gloom to the Aspen Ideas Festival, where he warned that politicians were lacking urgency over the crisis to come. The Aspen Times reports: And American politicians don’t have a sense of [...]
RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. By Ambrose Evans-Pritchard, International Business [...]
Jerry’s Comments: While the mainstream financial commentators continue to live in denial over the global economy’s state of affairs, governments and central banks are buying gold in droves. Always remember to ignore the hype and follow the money. Mineweb.com Author: Dorothy Kosich Posted: Tuesday , 22 Jun 2010 RENO, NV – Merrill Lynch metals analysts [...]
By Nicholas Larkin and Kim Kyoungwha – Jun 21, 2010 Gold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence. China, the world’s third-largest economy, said it may allow the [...]
By Aya Takada and Yasumasa Song – Jun 18, 2010 Gold may climb to a record $1,300 an ounce this year as investment demand shifts from the euro and the dollar, said Bruce Ikemizu at Standard Bank Plc. The U.S. and European currencies may lose their appeal as developed economies underperform emerging markets such as [...]
Central banks join gold rush Foreign banks and investors alike have been flocking to the precious metal over the last year, sending it soaring to record highs. By Annalyn Censky, staff reporter June 18, 2010: 8:36 AM ET NEW YORK (CNNMoney.com) — Foreign governments have been getting in on the recent gold rush, driven by [...]
By Jacob Greber June 18 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing. “Perceptions of a large U.S. borrowing capacity are misleading,” and current long-term bond yields are masking America’s debt [...]
By Paul Abelsky and Maria Levitov June 16 (Bloomberg) — Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro. “Adding the Australian dollar is being discussed,” Alexei Ulyukayev, the central bank’s first deputy chairman, said in an interview at an [...]
LIVE WEBCAST: JUNE 24 @ 8:00PM CST THE RETIREMENT TIMEBOMB Overcoming 7 Financial Landmines That Can Destroy Your Retirement Sign up now for our upcoming webinar scheduled for June 24 @ 8:00pm (CST). Register now for our free webcast, and you will learn: – An overview of the ideal financial plan as we head into [...]
CLICK HERE TO LISTEN NOW Time to Buy the Euro?: On this week’s program, Jerry Robinson provides his insights concerning the U.S. National Debt, the price of gold, along with an in-depth look at the other important headlines of the week. Our special guest interview is with Tim W. Wood, CPA (Cycles News and Views [...]
(WSJ) By CAROLYN CUI And MARK GONGLOFF Gold’s surge to a record sparked speculation that central banks may be stepping up purchases of the precious metal. Tuesday, gold contracts for June delivery rose $4.70, or 0.4%, to $1,244 a troy ounce, a record settlement price on the Comex division of the New York Mercantile Exchange. [...]
June 10 (Bloomberg) — Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget deficits that may push the global economy back into recession. “The collapse of the financial system as we know it is real, and the crisis [...]
June 8 (Reuters) – The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress. The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to [...]
By Richard Evans Published: 11:59AM BST 08 Jun 2010 The price of gold rose to an all-time high point above $1,250 an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal. At about 09.25 GMT on the London Bullion Market, gold hit a record [...]
By Stephen Dinan, Washington Times The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill. Calculated down to the exact penny, the debt totaled $13,050,826,460,886.97 as [...]
