Export your 401k/ IRA – Trade Risk for Security Offshore
Presently, the US has created a level of debt that exceeds anything the world has ever seen. Extreme debt in 1929 resulted in a market crash. The present level of debt is far higher than in 1929.
The wise investor will, of course, diversify, assuring him that if one investment fails, another will save him. Let’s look at some of the most prominent ones and consider how they might fare at a time when the economy is teetering on the edge.
Stocks and Bonds
Presently, the U.S. stock market is in an unprecedented bubble. The market has been artificially propped up by banks and government. Bonds are in a worse state – the greatest bubble they have ever been in. Is this bubble awaiting a pin?
How can we know? Rosy today, crisis tomorrow?
Cash on Deposit
Cyprus taught us in 2013 that a country can allow its banks to simply confiscate depositors’ funds should they decide that there is an “emergency situation” – i.e., the bank is in trouble. Unfortunately, the US (in 2010), Canada (in 2013), and the EU (in 2014) have all passed laws allowing banks to decide whether they’re “in trouble.” If they so decide, they have a free rein in confiscating your deposit.
Trade risk for security offshore with a Self Directed IRA – Get the Free White Paper