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According to the Federal Reserve the American family net worth dropped from $129,400 to $77,000 between 2007 and 2010. During these three short years nearly two decades of capital accumulation was transferred from someone like you to somebody else. And of course the question of the hour is to WHOM was it transferred?
This 3 year capital transfer of wealth was primarily consisted of home equity which American families had built up over the last 20 years. As the real estate bubble burst in 2007 many Americans watched their home equity being shifted back to the banksters who in turn have now reassigned that liability back to 401ks, IRAs and other qualified plan portfolios many of which are owned by the very same individuals whom the real estate equity was appropriated from initially.
Consider this fact. The Federal Reserve's long term objective, according to Forbes.com February 6, 2012, is to destroy another 33% of the purchasing power of your dollar.[i] WHY would the Federal Reserve want to do this, and even more compelling is HOW can they do this?
The answer to WHY is simple...they do it because they have the power to do it. The HOW questions is also fairly easy to explain if you examine history. The banksters will accomplish it in the same way that they developed and popped the real estate bubble of 2007. And that is by manipulating interest rates and by increasing the supply of money.
Wisdom says, "Don't store up treasures on earth, because moths and rust will erode it." This past weekend we enjoyed spending time with our fathers and having our children to enjoy, gathered around us...wealth that can truly never be taken away. And history shows that honorable men/women leave a heritage, for exactly these reasons, even up to the third generation.
What heritage are you leaving? Or are you hording up equity in real estate, qualified plans, or mutual funds which can be stolen by a flick of the pen (or computer keyboard) by the banksters? If you are, then you need to learn how you can be producing capital which will provide untold good times and happiness both now and in the future.
Yes, I know money can't buy love, but a lack of preparation can create financial hardship for you and those you love because the banksters don't have your wellbeing in mind. Planning around the schemes of the banksters is essential to your future happiness and wellbeing. Learn how to generate Untouchable Wealth and keep the banksters away.
Now is the best time to plan for your future.
by Tomas McFie