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Aug 29, 2023
The Maui fire disaster is another example of government
incompetence. Mask mandates, excess government spending, and high
debt are other recent examples of government incompetence. Do you
trust the current government officials to handle the next disaster?
Based on previous experience, they are likely to make...
Aug 22, 2023
Record levels of Government Spending are likely to cause
Hyper-Inflation or Deflation. The record levels of debt are
uncharted territory economically. It is impossible to predict what
will actually happen.
With economic uncertainty the best thing to do with your money
is to stay nimble. Keeping your money safe from...
Aug 15, 2023
Show Description: China's economy is experiencing deflation.
Prices are dropping on food, consumer products, and commodities.
The causes for the price drops include housing value downturn,
lower exports, and high unemployment. China's government pursued
aggressive economic stimulus after the COVID lockdowns. This
has...
Aug 8, 2023
Fitch Ratings recently downgraded the US credit rating from
AAA to AA+. Fitch stated the reasons for the downgrade included an
"erosion of governance" on fiscal and debt matters, rising
government deficits, and total government increase in debts.
Fitch also expects a recession in late 2023 and ealy
2023.
A lower...
Aug 1, 2023
Show Description: Ferenc explains a little known financial tool to reduce taxes on qualified account (IRA's, 401's, etc.) required minimum distributions. Qualified Longevity Annuity Contracts (QLAC) have a special tax advantage. Funds allocated to a QLAC reduce a persons overall qualified account balance subject to...