$50 trillion wealth transfer won't end well for the sheeple

See article below from Kip herriage

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NEXT PHASE OF $50 TRILLION WEALTH TRANSFER

PREPARATION MEETS OPPORTUNITY 

The perma bulls on Wall Street, and around the world, continue to say that the worst is over and that even though they have been dead wrong over the last decade…this time, you should trust them. They will tell you that you should continue to buy mutual funds and their other underperforming recommendations...including real estate…which unfortunately is not close to hitting a real bottom. For those with short memories, the majority of so-called investment gurus continued to recommend real estate as an investment right up until the crash. Just a few short months prior to the bubble bursting, none other than Fed Chairman Ben Bernanke told the entire world that "any downturn in real estate would have a limited effect on the overall economy." 

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The most common question that I get from people about Bernanke (and Greenspan before him) being so incredibly wrong, goes something like this: "Were they really surprised by what happened, or did they know the truth and simply choose to lie to us?"

Without casting aspersions, let me just say this. Many believe that the Federal Reserve Chairman is the second most powerful person on the planet, second only to the President of the United States. Obviously, they see the data before anyone else and their sources are ALL the key insiders...of every industry, of every company, and of every government globally. With that said...what do you think? Do they lie to us or do they just somehow "miss" all of these these major economic moves?

The most important question to me is, what is the "real" smart money doing? On a regular basis, I forward the thoughts and research of those that I have come to trust...the true experts that I believe represent the reality, rather than the smokescreen, of this ongoing $50 trillion transfer of wealth. And right now they are each saying the same thing...pretty much exactly the same thing. Which is:

• the global economy is being widely manipulated, and without the trillions being printed and then thrown directly it to replace normal consumer activity, we would be in a worldwide depression.

• this manipulation cannot and will not last, and when the chickens come home to roost, the global wake-up call will be devastating for those that did not see it coming (I refer you back to the Bernanke clip).

• those that are prepared...those that buy their winter coats in the summer...will not only survive, but will thrive. They will be represent the "new wealth."

Along these lines, the true experts that I follow continue to watch what is happening in Europe very, very carefully. In their eyes, Europe's disaster today is the equivalent of the collapse of Bear Stearns in the Spring of 2007. The canary in the coal mine.

Folks, this has been getting worse and worse and will continue to do so, with the carnage spreading from Europe to the globe. It's all connected...because money printing and government manipulation simply do not work. Never has and never will.

We're now seeing confirmation that the Chinese economy has broken down, with real estate prices crashing some 20% year over year. Again, their money printing and economic manipulation is the cause, and once the population begins to riot it will be very tough throughout China...much like what we have seen throughout the Middle East.

We recently learned that Apple now makes up a full 36% of all S&P earnings. Think about this for a moment....in my 26 years of investing I have never seen anything close to this, and no...this is not a positive. 

Another situation that is becoming a very real problem is the ongoing destruction of jobs due to technology advancements. The reality of stories like Best Buy losing customers left and right...all due to internet shopping...is happening everywhere. The days of retail are changed forever, and with this change, millions of jobs that will simply never come back. We cannot slow down technology, and would not want to do so. This is merely the reality of our new economy and it is one that everyone should be aware of and prepared for.

We know that the real unemployment rate is much higher than the official 8.1%, and when you see the Labor Force Participation Rate at pretty much an all time low, it tells us that tens of millions of people...just in America...have dropped out of the workplace, most of them forever. This is happening all over the planet. Once governments...both federal and local...are forced to reduce their size and scope, just as is happening in Spain, Portugal, Italy, Greece, the UK, etc., the level of social unrest will not be pretty. This is how socialism always ends... 

As I write this, the Dow is off another 150 points and its clear that the real economy is contracting once more. However, with Bernanke at the controls of the FED, we also know that massive amounts of money printing will continue, certainly in an attempt to get Obama re-elected. Bernanke knows that if Obama loses his job, that the jig is up at the FED and Bernanke will lose his job as well. At the end of the day, this will happen anyway, the only question is one of timing.

Here's the bottom line; we continue to have a centrally planned and controlled global economy. Never in history has this worked and the end result will be the same this time as well. Once this experiment is over, we will see an era of hyperinflation, skyrocketing gold and silver prices, new lows in stock prices, and an economy that is ravaged....all due to unchecked authority at Central Banks and fiat printing governments around the planet. Maybe then we will actually have our first audit of the FED as well!

Those that are prepared for this ongoing $50 trillion wealth transfer will be the big winners. The sheeple...well, lets just say it will not end well for them. There has never been a better time to be a Member of WMI. Connecting our education with entrepreneurs around the planet is much more than just a perfect fit…it also happens to be the right thing to do.

Have a great week all…we appreciate you and your decision to be an important Member of our family.

Kip Herriage
CEO & Co-Founder, WMI

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