Hi friends, welcome to your April 2021 newsletter.
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness...”
This opening line from Charles Dicken’s novel, A Tale Of Two Cities, seems appropriate right now.
The two ‘cities’ I am referring to however are not physical, but mental.
It’s between those who have ‘conscious awareness’ of what is really going on globally, and those who don’t.
The best of times financially are for Australian property owners and investors as property prices continue to surge around the country.
According to CoreLogic, the median property price rose 2.1% in February, the largest month-on-month change since 2003.
Moreover, prices rose in every capital city and every rest-of-state region, something which hasn’t occurred since 2010.
I personally don’t think it’s that big a deal; in fact, it was to be expected.
Since we’ve just endured a year long, government-mandated shut down of the economy, as things open up, course prices are going to bounce back.
One thing is for sure... this price increase certainly hasn’t been fuelled by population growth... I mean, we’re not bringing in hundreds of thousands of immigrants this past year...
So just reconfirms to me how artificial the market is with record-low low interest rates, and government incentives.
But what if these were ever to change?
On the other hand, the worst of times could be for those who hold their wealth in fiat currencies (in cash, in banks).
What most people are unaware of is that on top of the seemingly unlimited money printing in the US, the IMF just recently created and deployed ‘out of thin air’, north of US$500 billion in Special Drawing Rights (or SDR’s for short) and lent them to a raft of member countries...
SDR’s are a type of international reserve asset developed in 1969 to prepare for a new US Dollar crisis expected in the early 1970’s. They are a basket of the 5 major world fiat currencies, which until August of 1971, were backed by Gold (due to the US dollar being backed by Gold), or were pegged to the US Dollar...
But today, each of the 5 currencies are all fiat – backed by nothing.
A near tripling of the total US$200 billion in SDR’s in existence created since 1969, this stunning move (not reported in mainstream media) has the advantage of propping up the balance sheets of struggling member countries, without adding to their official debt.
That is, we, the general public notice nothing... whilst propelling the IMF forward in its ambition to become the World’s Central Bank.
The disadvantage is, what it really did was further debase the value of the money in your pocket, without you knowing.
As I mentioned last month:
“What people never suspect, is that it’s not that the prices of assets are rising, it’s that the value of the dollars being used to purchase them, is disintegrating. It takes more and more of the debased fiat currency dollars to buy the same amount of real world goods.”
This leads us to one word ‘inflation’... and interestingly, in a recent survey in the US, 77% of people indicated they are concerned about inflation.
Also, total search engine queries including the word inflation are at their highest level since 2004, so the public is worried.
And yet, the historical go-to protection asset against inflation, Gold, is down about 17% since its August high last year.
This doesn’t make sense, with many experts suggesting its because it’s being artificially manipulated lower.
But don’t look a gift horse in the mouth, I say.
Be sure to watch my personal video success tip on what you can do to protect yourself and your family below.
Finally, this month about a million Aussies get weaned off the government free-money-teat known as JobKeeper. What effect will this have on the economy is yet unknown.
My contention is that since these workers were deemed to be doing ‘non-essential’ work anyway, according to the Australian Corporation Government, so it shouldn’t really matter should it?
I mean, if it’s ‘non-essential’, then it shouldn’t really affect the real economy right? Only time will tell.
As you’ll see in the MEME of the Month below, “There’s No Such Thing As Government Funded, It’s All Taxpayer Funded”.
What I do know is that these are uncertain times, and the governments and central banks of the world are not in control of this complex financial system, like you think they are.
That’s why people continue to flock to Cryptocurrencies like Bitcoin, and are also looking for new methods to generate income, independent of their job or business.
If that’s you, please check out our very popular Gift of the Month below.
When you attend this free live online event, you will get a great financial education of where things are at right now.
Enjoy this month's expert video success tips, recipe and recommended book of the month below.
Be Awesome!