Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

Nov
30

The first step to protecting ourselves from losses
is to protect ourselves from ignorance!

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Debt QR

Nov
30

Overview – Implementing Debt to Wealth strategies that the banks don’t want you to know about.

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Nov
30

How to Use the Convert Debt to Wealth Strategy to Grow A Mortgage-free Rental Property Portfolio

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Nov
30

Newsmax | http://www.newsmax.com

Nothing is forever, not even debt. Every borrower eventually either repays what they owe or defaults. Lenders may or may not have remedies. But one way or another, the debt goes away.

One of Western civilization’s largest problems is we’ve convinced ourselves debt can be permanent. We don’t use that specific word, of course, but it’s what we do and is why government debt keeps rising.

We borrow faster than we repay previous borrowing—and I mean governments everywhere, China as well as the US.
Our leaders have no real plan to reduce the debt, much less eliminate it. They just want to spend, spend, spend forevermore. And most citizens are okay with that.

As a result, I think we will spend the latter part of the 2020s going through a kind of worldwide bankruptcy. We won’t call it that, and it will take a lot of argument because we won’t have a court to take charge.

But we will collectively realize the situation can’t go on and find a way to end it. I’ve taken to calling this “the Great Reset.”

Once the Great Reset is over, we’ll find a much better world waiting for us. Getting there will be the hard part.

The Artificial Boom

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Nov
30

Newsmax | http://www.newsmax.com

The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.

Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.

“It’s like 18-month term life insurance; what will the world look like if gold is at $4,000,” Tai Wong, the head of metals derivatives trading at BMO Capital Markets, said in an email. “They are hoping for a quick violent move,” he said, referring to the people who bought the call options.

Gold futures climbed to a record $1,923.70 an ounce in 2011 as the Federal Reserve bought more than $2 trillion of debt to stimulate the U.S. economy. While bullion has rallied 14% this year, the precious metal is still 24% below the current all-time high.

Bullion for delivery in February settled at $1,460.80 an ounce at 1:33 p.m. in New York. Futures for June 2021 delivery, which settled at $1,494.40 on Wednesday, will need to almost triple before expiration to make the call options profitable for its holder.

Nov
29

Newsmax | http://www.newsmax.com

Ray highlights some problematic similarities between our times and the 1930s.

• A large wealth gap
• The absence of effective monetary policy
• A change in the world order, in this case the rise of China and the potential for trade wars / technology wars / capital wars

He threw in a few quick comments as their time was running out, alluding to the potential for the end of the world reserve system and the collapse of fiat monetary regimes.

Maybe it was in his rush to finish as their time is drawing to a close, but it certainly sounded a more challenging tone than I have seen in his writings.

Currency Wars

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Nov
25

How and When That Could Occur

A dollar collapse is when the value of the U.S. dollar plummets. Anyone who holds dollar-denominated assets will sell them at any cost. That includes foreign governments who own U.S. Treasurys. It also affects foreign exchange futures traders. Last but not least are individual investors.

When the crash occurs, these parties will demand assets denominated in anything other than dollars. The collapse of the dollar means that everyone is trying to sell their dollar-denominated assets, and no one wants to buy them. This will drive the value of the dollar down to near zero. It makes hyperinflation look like a day in the park.

2 Conditions That Could Lead to the Dollar Collapse

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Nov
24

In effect, paying off debt is the same as investing at 12–30%.

Daily Reckoning  |  Jim Rickards

Americans in their 40s and 50s are devoting more of their discretionary income to paying off debt rather than savings or investments for retirement. Economically, this makes good sense.

Paying down debt is the same as investing; you’re giving up one asset (cash) in exchange for eliminating one liability (the debt) with no change in your net worth. The interest expense you save is, in effect, your return on an “investment” in debt reduction. Read the rest of this entry »

Jan
30

Gold / Gold-backed Cryptocurrency / Encrypted Payment System / Voice Over Block-Chain Protocol

Jan
26

Perhaps more concerning is the idea that people think minimalism will help them financially.

Why Minimalism Will Never Make You Rich
Written by Robert Kiyosaki | Tuesday, January 22, 2019

Seems like everyone is talking about KonMari these days. For those of you who don’t know about this, KonMari is a minimalist method invented by Marie Kondo for getting rid of clutter in your house.

As described on her website, “The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.”

Rondo gained fame through her book, “The Life-Changing Magic of Tidying Up,” but her latest show on Netflix, “Tidying Up With Marie Kondo,” has really pushed her into the cultural conversation.

Minimalists rise up Read the rest of this entry »