Hi friends,
Welcome to your October newsletter.
Well, we’re just over 4 weeks away from the U.S. Political Elections and it almost feels like the world is holding its breath till then... maybe expecting an October surprise of some sort.
In Australia, we’ve got plenty of ‘surprises’.
Westpac Bank recently received the largest Australian corporate fine ever of AUD $1.3 billion for failing 19 million times on their Anti-Money Laundering Law (AML) obligations... no one goes to jail but.
Interestingly, Westpac (and ANZ Bank) have also suspended dividend payouts to share holders.
On 30 November, the Senate will debate the Banking Amendment (Deposits) Bill 2020, which if adopted, would remove all uncertainty over whether bank regulator APRA could bail in the savings of everyday Australians to prop up a failing bank.
That this is even up for debate is laughable and a clear sign of who our politicians really work for. Have you woken up yet?
The test case was when European authorities confiscated 47.5% of deposits in two banks in Cyprus in 2013.
You have maybe eight weeks at best to decide if you would like to keep your money in a bank... before the government may decide it is legal to take your deposits to bail out a failed private business in the event of a collapse. (Be sure to watch this video)
If you don’t wish to take that chance, two of the most popular solutions appear to be to buy physical Gold and Silver, and Cryptocurrencies.
I wrote about precious metals in last months newsletter, and below, as a special treat, the Book of the Month is Satoshi Nakamoto’s Bitcoin White Paper. If you haven’t read it, you should.
Also, we’ll be hosting a Webinar on both topics – Gold and Silver... and Cryptocurrencies – in the next few weeks. You can register for the Crypto Webinar right now and we’ll share details of the precious metals one on email soon.
It’s telling that two of the world’s highest adoption rates for cryptocurrency are in Venezuela and Zimbabwe. Sadly, both countries have destroyed the purchasing power of their currency. Venezuela’s inflation rate is currently 2,358% and Zimbabwe’s is 761%!
But beware, for most people in these countries they were too late... don’t think for a minute that it can’t happen here.
(Afterall, who would of thought the Australian Police and Military would be used against their own people like they are right now?)
In wealth creation, and preservation, you have to anticipate the future.
A recent study reveals that as many as 1 in 4 small businesses do not expect to be trading within 6 months of when JobKeeper payments end.
This means, potentially as many as 500,000 small business owners and their employees could be out of work by March 2021.
Tough times always clear out the weak hands, and weak businesses, leaving those that remain to thrive.
Below are two great video’s, one from Crypto Expert Aden and the other Online Experts, Liz and Matt Raad...
Also, don’t miss the other two videos below. Now that the media has lost control of the narrative on this whole ‘Plandemic’ scam, the truth is out... and the truth will set you free. Be sure to watch both.
Take smart actions and be mentally strong. See you soon.