Author Archives: Admin

The Peak of Globalization and What Comes Next

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Currently on Straight Talk Wealth Radio:

Everyone wants to knows what the election of Donald Trump foretells about the economy and the markets. However, going just a little deeper, I’m fascinated with the events and authors who have been foretelling of the success of Donald Trump. Because it seems to me that if you really understand those forces – the precursors that would have brought about Trump or somebody else in his place, then I figure I can better understand the inevitable outcomes.

2 Authors to Begin With – Harry S. Dent and David Stockman

In doing so, I have been digging into the work of 2 of my favorite authorities, starting of course with my friend, NY Times Bestselling author and renown market forecaster, Harry S. Dent. Harry has been analyzing the likelihood of President Trump at least since last June, 2016 when he published a brilliant infographic, 7 Startling Reasons Why ‘The Donald’ May Become President Trump.

And as ironic as it may sound to have elected a billionaire as a solution, the cause essentially comes down to the global “Wealth Gap”, and the fact that any recovery we may have seen since the Great Recession of 2008, has by far more greatly benefitted the wealthy and Wall Street, than it has the average american worker. And this very situation also generated the push on the far left with Bernie Sanders.

As I had been digging on this, Harry further articulated the big picture about this in his October publication of The Leading Edge, with his article of the same title as this blog and our most recent Straight Talk Wealth Radio episode. CLICK HERE to download my copy. (It’s a subscription publication, but I figure Harry won’t kill me for making it available when it’s two months old and I’m imploring you to subscribe, for your own benefit!)

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So this week I rang Harry Up to do a little chatting about this all, and you can hear our conversation on this week’s show. CLICK HERE to listen to the podcast.

You can also order a free copy of the entire uncut interview on CD if you CLICK HERE. (Just pay shipping costs).

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Now, About David Stockman

I just started reading Stockman’s brand new book, (it’s WAY LESS of a monster than his previous 2 1/2 lb 750 page The Great Deformation), entitled, TRUMPED: A Nation on the Brink of Ruin and How to Bring It Back. And if you think Stockman is a big trump fan, you will be sadly disappointed. Don’t forget, Stockman was the Director of the Office of Management and Budget under the Reagan Administration, and had the damn gumption to tell President Reagan that he too, like the later George w Bush, we spending like Democrats while taxing like Republicans – sure to bring the explode the National Debt and bring the country to it’s knees.

He’s been on the news quite a bit lately promoting his new book, but I thought I’d sign off this post with a video of his recent appearance on Fox Business News and one that I took a portion of and presented on our recent episode.

BUT HEY! Keep coming back to the blog. Every time we produce a new show I have some background on it here. Let’s keep this going, ok?

Stockman: Trump will take U.S. down economic abyss

Former OMB Director David Stockman on why he thinks some of President-elect Donald Trump’s economic policies are a ‘fiscal nightmare.’

Baby Boomer Economic Crisis – It IS & WILL BE a Different World

Why is my portfolio crashing? Why has this decade been so darn rough to grow any kind retirement fund at all?

Well, there’s the Greek Crisis. Sure, okay. I guess so. It’s Greece’s fault.

But before that there was the Debt Cieling Crisis. Oh there ya go! It’s the Democrats’ fault. No, uh – it’s the Republicans’ fault.

And before that it was the banks’ fault for the Housing & Credit Bubble. And before that it was Silicon Valley’s fault for the Dot.Com Bubble.

And tomorrow it will be the Federal Reserve Bank’s fault for printing money, or China’s fault for having the worlds biggest real estate bubble.

All just random occurences in our life and times with no rhyme or reason except that we are cursed as a generation! Oh for the 80s and 90s. Will we ever see their kind again?

Why the next stock market crash is coming (and what you can do about it)!

WALL STREET JOURNAL REPORTS – The International Monetary Fund pronounces, (despite their best efforts) that the world needs to brace for ANOTHER soon-to-come recession!

WHAT? Haven’t the Central Banks of the world committed to printing enough fiat money to keep us all out of this abyss? No! In fact, the WSJ report actually enlarges on the fact that it was the very fixes by Central Banks (ECB, U.S. Fed Reserve, Bank of Japan, etc) that have exacerbated the coming Recession, and complicated any potential to offset it like the last time.

This show features and extensive interview with N.Y. Times best-selling author and economist, Harry S. Dent, and also examines the foretelling specter of “Ghost Cities” in China.

For Los Angeles area listeners, you will learn about a great opportunity from Straight Talk Wealth Radio to participate in our local rendition of Harry Dent’s Demographic School presented by Host Bruce Weide.

New Workshop: Why The Next Big Stock Market Crash is Inevitable (and what you can do about it)

As discussed in the show, we are holding a special workshop in the Los Angeles area (at our office in Glendale, CA). The workshop dates are Wednesday, November 14th and Saturday, November 17th. The advance registration is $25 for one ticket, or $30 for two (couples discount). Advance registration ends one week before the event, so register now to lock in the discount.

Read more about the workshop – download the online brochure!

As a bonus for advance registration, you will receive some additional educational materials from Straight Talk Wealth – two books and a DVD. These will be on sale at the event for $30 (in case you miss the early registration cutoff).

Grant Cardone and Rodney Johnson on “Real Estate Investing- Time to Get Back In?”

Wall Street Journal Reports, “Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market’s steady trudge toward recovery.” (Sept, 25, 2012)

Could it be that it’s time for investors to jump back in to real estate?

In this episode of Straight Talk Wealth Radio, I interview two outstanding guests on the matter:

Economist, Rodney Johnson: President of Harry S. Dent Enterprises. Rodney speaks in detail about how the new real estate opportunities will be different than the real estate boom and bust of ’02-07, and some hidden land-mines in the current economy that could challenge the real estate recovery.

Who is best positioned to play the game this time, and who would likely lose? Will real estate simply be another asset your portfolio allocation, or will it be a full-time job, not for amateurs? Rodney discusses all of this with me in the first half of the show.

Self-made millionaire and real estate investor, Grant Cardone: Born into modest means, Grant’s father died when Grant was 10 years old, and his mother, who could not even balance a checkbook, was left to care for him and his siblings. From these humble roots Grant Cardone has become a multi-millioniare from a combination of building businesses and investing in multi-family real estate.

In this searching interview, I prompt Grant to discuss what has set him apart to be a big success in business, when so many fail every year, and how Grant went about balancing income from working, and income from investing. It is an inspiring tale that reminds us that life can be tough, and only real tigers make it to the top.

PLUS – A VERY SPECIAL BONUS FOR LISTENERS: Listen to the show and learn how you can acquire an invaluable tool from Straight Talk Wealth Radio for free – The Real Estate Investment Analyzer! This all-purpose spreadsheet can help you analyze any residential real estate deal for:

Cash Flow: How much net income will the property produce in 5 years, 10 years, 20 years, etc.?
Equity Growth: Given pay-down of the loan and inflation of the property values, what will your investment be worth through the future?
Exit Strategies: Rarely understood by new investors until they’re decades in to the property, is the “1035 trap”. When investors often find that their cash flow can be inadequate to support their retirement lifestyle, they may have more than enough money for retirement trapped in the equity. However, the IRS lays claim to a big portion of those values if you try to tap into them. With this analyzer you can predict in advance how much of your investment growth you will own and how much the IRS will own as your silent partner. In this way, you can begin to strategize from the very beginning of leveraging IN to a property, what plans you should make for exit strategies and liquidity further on down the road. (Has a special link to help you learn how to avoid the 1035 trap and defer capital gain taxes.)
Listen to the show, then click here to request your FREE Retirement Roadmap study and Real Estate Investment Analyzer tool. Please note: The Real Estate Investement Analyzer tool will be made available to you when we deliver the Retirement Roadmap study. To learn more about our signature Retirement Roadmap study, see this article.

 

WHAT’S WRONG WITH ANNUITIES?

General Motors’ employees have a problem. A BIG problem.

Over 42,000 were notified before the beginning of the summer that GM’s promise to pay them a lifetime income upon retirement (once known as a “pension”) was being CANCELLED! And they all had less than 60 days to decide what they wanted to do about the next 25-40 years of their lives. Their choices were:

“Take a lump sum payout – and then YOU decide how to make it last.”
“Take a guaranteed lifetime income, by means of an annuity through Prudential Life.”
Now, guess what? Each and every one of YOU will be faced with the very same choice no matter what you do for a living, or your station in life!

In this show, What’s Wrong with Annuities? Part 1, host Bruce Weide explores the pro and cons of Guaranteed Income vs. Managed Income in retirement for working American Baby Boomers, and why literally more than 35 billion dollars of GM and Ford obligations are set to move out of the hands of Wall Street money managers, over to the American Midwest (known as the “insurance belt”) actuarial statistic geeks at life insurance companies.

What do the big car makers know that you haven’t been told… about the biggest threat to retirement this country will ever face, beginning by the end of this decade?

In this show:

Challenging Interviews with:

Michael Tove, CEP, RFC, author of renowned financial industry study, Financial Safety Comparison: Bank vs. Insurance Company Deposits
Kim O’Brien, President & CEO of the National Association for Fixed Annuities
Hear how Bruce weaves together The Ultimate Income Plan, featuring:

Safe alternatives to Banks and the Stock Market that can guarantee growth rates up to 7-10% (under certain terms)!
Guaranteed lifetime income for you AND your spouse!
Long Term Care needs built into a pension – Double your income for an event of Long Term Care.
Inflation Protected Income – up to 10% per year cost of living adjustments.

As a listener to Straight Talk Wealth Radio, we are offering you this complete show on CD – click here to order this limited offer. As a bonus, we will also include a DVD with “Historic Rates of Return – Wall Street’s Dirty Little Lie”, and “What is a Retirement Roadmap?”

 

 

WHY NOT GOLD?

Why NOT Gold? Broadcast Episode for KRLA 870AM

Clearly, the world’s sovereign governments* are either bursting with debt now, or they are frantically absorbing the debt liabilities of their private sectors, or even other countries. Understandably, mindful people are today speculating what could happen if major European countries, and yes…the US eventually simply cannot pay their debt obligations and the World goes BANKRUPT!

The most common answer you hear today is, “Buy gold & silver because monetary denominations will become meaningless in the face of hyperinflation.”

Straight Talk Wealth Radio Host, Bruce Weide, doesn’t disagree with the distinct possibility of the premise, and in this show he goes on a search to find out if there is any reason at all to not buy into the proposed solution.

IS Gold the ultimate answer?

What are the different possible scenarios that could play out when the world goes broke?

For this show, Bruce obtained an exclusive interview with economist and N.Y. Times best-selling author of “The Great Crash Ahead,” Harry S. Dent, and together they explore the possibility of global debt failure and the range of possible outcomes.

Two options to hear the show – listen using our online player, or order the CD package to listen in your car or on the go.

* (sovereign = a separate and unique country, not a dependent of a mother country. The US and UK are sovereign countries, whereas Bermuda and Guam are dependent on the UK and US respectively.)

You’ve heard the hype about gold – now get the straight answers! This show is so important we are offering it to listeners in CD format (a 3-disc package). The entire show commercial free is included, as well as the complete uncut interview with recognized economist Harry S. Dent. Bonus DVD included: video of “Historic Rates of Return: Wall Street’s Dirty Little Lie” and “What is a Retirement Roadmap?”. Get the information you need to make sound investment decisions – order the 3-disc package now.

THE LIGHT AT THE END OF THE TUNNEL – A STRAIGHT TALK WEALTH CLASSIC

Once in a while we have a show that is so popular it deserves to be aired more
than once. This is a Straight Talk Wealth Classic.

This show features an interview with economist Harry S. Dent regarding his book “The Great Crash Ahead: Strategies for a World Turned Upside Down”. We discuss the economic and financial future of America, and how you will be affected by European Debt and the China Bubble. Find out when things will turn around, and what our government needs to do now to get America back on a strong economic footing.

IS IT TOO LATE FOR FINANCIAL SECURITY IN AMERICA?

Just your luck. You’ve been trying to save for retirement or just build wealth over the last 12 years, and you couldn’t have picked a worse time.

Consider the challenges we’ve faced as an economy:

* The bursting of the Tech Bubble in 2000
* The terrorist attacks of 9/11
* The housing boom of 2003-2007, followed by the biggest bust since the Great Depression
* The continuing repercussions of the debt bubble; from chaos in Europe, to an American economy addicted to stimulus

13 years of lost growth potential on your savings is no small setback!

How can most Americans even dream of a secure retirement if the next 10 years looks like the last 10 years?

Yes, the rules have changed! But, if you take the time to learn the new rules, you CAN win in the coming decade, and make it safely and securely to your goals.

In this show, Bruce Weide, host of Straight Talk Wealth Radio, thoroughly reviews the new risks exclusive to this decade, and explains the new rules to successfully navigate these risks for building wealth dependably and securely.

It’s not your fault. Someone changed the rules on you! But it’s NOT TOO LATE, if you learn the new rules NOW. They’re simple. But they’re new and they’re different. And no one taught you this in school.

INCOME GUARANTEED TO LAST A LIFETIME

How old will you live to be? That’s the million dollar question. With people living longer and the advances in medical technology, how can you plan your retirement and guarantee that you will have enough money to last the rest of your life?

Imagine you are retiring in the next year. Does your retirement plan increase with inflation? Will you be able to live on what you are making today, 10 or 20 years down the line? Bruce Weide and special co-host Michael Rossi will discuss these issues and provide valuable information on how to make your money last a lifetime — guaranteed!

It is time to step away from the volatility of the market and to stop gambling with your retirement savings. Your retirement years should be a time to relax and to enjoy the fruits of your labor. Wouldn’t you love to have financial stability and peace of mind during the best years of your life? Listen to this show and find solutions to a guaranteed future.

INFLATION OR DEFLATION? AMERICA’S MONETARY SYSTEM IN CRISIS AND HOW TO PLAN FOR IT

Does it matter if our very monetary system is at risk?

In this article I want to address an issue that I truly believe is the most important issue all of us will face in the 2010s. It is an issue that goes to the very heart of financial planning. The issue is whether our personally accumulated U.S. Dollars will become worth more as a global currency in the foreseeable future or in fact become altogether worthless as a monetary system by the end of this decade.

You could buy all the stocks and mutual funds you want in the 2010’s; buy all the best foreclosure real estate, stock up with piles and piles of all the gold and silver you want. But I’m telling you, if you call this shot wrong – Inflation of Deflation – your plans could all be for naught.

key questions of concern YOU should be asking in protecting your own security are:

How do inflation and deflation vary in their causes?
How would life in America be different under scenarios of severe inflation or deflations.
Who would be the financial winners and who would be the losers in each scenario?

DEFLATION A Bubble Bursts, Money Dries Up

John Kenneth Galbraith (October 15, 1908 – April 29, 2 006) was one of the leading chroniclers of the Stock Market Crash of 1929 and the Great Depression of the 1930s. As Galbraith described in a 1970’s filmed documentary:

“I don’t suppose there’s ever a time when the desire to get rich doesn’t operate in this republic. But there certainly was a mood that Americans were meant to get rich sitting down by putting their money in the stock market. And then you had, from the beginning of the mid-twenties on, an accelerating wave of speculation which then became self-perpetuating. The market was going up and the expectation for it to go up more caused it to go up more.

“But then come the day when something changes those ex pectations, and everybody wants to get out. And that is not a matter of weeks or months, that’s a matter then of days. The crash comes very fast.”

Sound a little to familiar? Maybe a little like the real estate and credit bubble crash of 2008?

The common denominator of a deflationary period is that money has dried up, typically due to a prior extended period of over-speculation. And the deeper the prior mania went, dragging with it larger and larger institutional interests that “drink the Kool-Aid”, the more it is likely that credit and available cash go dry as a bone, to boot.

In either case the big seizure that hits everyone in the economy is that banksfail. First they fail to keep depositors’ funds secure. (Don’t forget the FDIC, set up from the lessons of the bank runs of 1929, did not save bank depositors’ money in 2008. Given the scope of this failure the FDIC would have been totally impotent. Rather, banks were kept standing by a whole new act of Congress, the $700 billion Troubled Assets Relief Program [TARP].)

The next thing that happens, if not simultaneously, is that the stock market along with other investment markets crash so that people thereby lose their savings and personal wealth, sometimes faster than they can even think about what’s going on.

Quickly a downward spiral picks up momentum across almost all investment sectors.

Soon, retailers and wholesalers find themselves holding stockpiles of goods they can’t sell to people with no jobs. In fact the only way they can even think of moving goods is to lower their prices. Seems like a good thing, unless you happen to work for the guys cutting their prices, who now need to cut your wages to make up for their losses. And so pretty soon, you either don’t work, or you too become the next victim of wage deflation. But at least you have a job! Deflation is generally marked by massive unemployment.

Winners:

Those holding substantial wealth in cash, and not in the banks that might fail. By “substantial”, I mean that if jobs do not come back again for quite some time, they will survive without work.

Losers:

Those who have been left holding their wealth in hard assets that have caved in on value, such as real estate or stocks. Their wealth is gone.
Those who need to work and earn a decent wage to keep a roof over their head.

BEAT WALL STREET AT ITS OWN NASTY GAME

In this episode Bruce explores whether it is possible to trust Wall Street anymore, in light of blatant manipulation by too-big-to-fail global banks, in collusion with governments around the world. Sounds like harsh words. Bruce lays out the actual facts in this show.

Featuring an exclusive interview from this week with economist Harry S. Dent. Also featuring excerpted interviews with Reagan Administration Budget Director, David Stockman; N.Y. Times Busines Writer Gretchen Morgensen; and a CNBC segment, Can You Still Trust Wall Street?

The game is rigged, savers and investors. Learn how to get around it in this new STW Show!

THE RETIREMENT INCOME MANAGEMENT PROCESS

A New Kind of Wealth Management with a Purpose!

The closer you get to financial independence, the more vital questions about your purpose in life become, whether you’re ready or not:

“What did you do when you worked?” is irrelevant. “Where did it all get you?” and “What do you WANT now, with the next chapter of your life?” are the things that matter.
The time to ask these questions in earnest really should begin perhaps 10 years before you get there.
Whereas Asset Management, or rather Asset Accumulation Management has the primary purpose to simply build wealth, Retirement Income Management has the goal of utilizing wealth to fulfill your purposes in life.

STEP ONE: What makes retired people happy?

In this presentation we explore a seminal study conducted by Ohio State University, which found 4 major common denominators to a fulfilling retirement. By coming to grips with what is really important in life, we begin to see how the wealth management process may change in your Golden Years.

Take advantage of these valuable bonus document downloads to help you with envisioning your own lifestyle and financial goals for retirement!

STEP TWO: Identify Today’s Risks

When it comes to making your plans to get to and sustain the next chapter of your life become a reality, today epecially it is important to avoid being blindsided by potential obstacles or risks that could derail or even destroy your planning.

Global Economic Risks

Straight Talk Wealth Radio has produced a wide range of shows about the current global economic risks, You can see some of most key material on the following pages:

Personal Planning Risks

Today, in any efficient plan to provide for all adequate income needs in the 2010-2030′s, there are 12 Essential Risks that have been isolated. Do you know what they are? CLICK HERE to learn more about the 12 personal risks you and your loved ones will face .

STEP THREE: Solutions that Address Specific Risks

Consider these three stages of designing the Ultimate Retirement Planning Solution. CLICK on either to go to the appropriate page and learn more about them.
  1. Start with the 10,000 foot view. Consider the potential of doing things differently. Could there be some new approaches your current advisor has not presented to you? Fortunately, doing something different does not require abandoning what is working. See some refreshing new perspectives to beat Wall Street at their own game on this page.
  2. Determine the appropriate tools. Focus on those that help implement the specific strategies you’ve chosen to rely on.
  3. Visit our Solutions Library where you can find dozens of specific personal financial planning challenges and their genuine fixes.

STEP FOUR: Request Your FREE Retirement Roadmap Feasibility Study

Take your plan out for a test drive! Your local Straight Talk Wealth Advisor will help you prepare a personalized study to give you the exact numbers of what he/she can GUARANTEE you in retirement, that fits with your own goals and strategies. Most all Retirement Roadmap proposals feature 3 key elements:

  1. Guaranteed Growth – and at higher rates than you might think! Stop thinking about bank and bond rates. By tapping your STW Advisor’s resources to draw from the insured private pension pension markets, it’s finally possible to make substantial growth on “safe” money.
  2. Guaranteed Income at retirement that you can never outlive! Literally, in many cases, if you and your spouse live a long life (see our Longevity page for the actual odds), and have spent every dime of principal and interest out of your account, you will continue to receive your monthly income payments as long as you both live.
  3. Inflation Protected Income. That means your income payment will be annually adjusted upward in direct correlation to increases in the Consumer Price Index and currently (7/2012) up to 10% per year!

CLICK HERE NOW to learn more about our FREE Retirement Roadmap service.

BRIGHTER DAYS AHEAD!

Despite all appearances, the global financial markets are NOT coming to an apocalyptic collapse! Yes, there WILL be a new day dawning! The problem is that it may take until the end of this decade.

In this show, Bruce extensively discusses the Seasons of the Economy, coming full cycle about every 40 years.

FIND OUT:
* How will we get through this global winter (If governments stopped trying to reverse the natural course of things)?
* How America could come out strong by the end of the 2010s, provided we survive the winter?

How will YOU weather the global economic winter and survive to smell the flowers of spring?

Listen to this show and learn how to Protect, Prepare, and Prosper in the coming decade of change in the world.

WHO WILL PAY FOR EUROPE’S DEBT? YOU AND YOUR IRA!

“Spain will be the next Southern European nation to default and to need a major bailout, and it is the most pivotal. The size of the potential bailout of Spain, in the hundreds of billions of dollars, is enough to cause the economically stronger northern nations to question whether to continue to bail out one nation after the next.

“Furthermore, the crises have not been limited to a single default and bailout per nation. Gree

World Economy Collapse explained in 3 minutes

John Clarke and Bryan Dawe calculate the cost of the European debt crisis – A comedy routine. It may seemed hilarious but this is actually what’s happening. Without all the financial jargon, any layman can understand what is happening to the current economy crisis.

ce has defaulted twice, and Ireland and Portugal will default further. Spain is likely to be the straw that breaks the camel’s back in Europe. Concerns over the crisis in Spain among the EU nations are likely to grow over the coming months and year. It is hard not to see a crisis in Spain by the end of the year, if not by this summer.” Economist/Author, Harry S. Dent – from the HS Dent Forecast 10 May 2012

Get the real numbers and charts on Spain and Europe! Watch this slideshow from Bruce Weide and Harry S. Dent!

Who Will Pay For Europe’s Debt? You and Your IRA!

http://www.StraightTalkWealth.com | In America, there’s a failure to appreciate Europe’s leading role in the world. – Barack Obama – European government and private debt is on an unsustainable and unsolvable path.

The above is the PROBLEM. Watch this shorter slide show, and Bruce will give you the SOLUTION! What can you do to Prepare, Protect, and Prosper in the coming decade?

How to Protect, Prepare, and Prosper in the Coming Decade of Change

http://www.StraightTalkWealth.com | PART 2 of a Series from Straight Talk Wealth Radio. How do you overcome volatile markets that are about to burst again, but close to zero interest rates at the bank? If the market doesn’t destroy your wealth, inflation will!

By now you really need a GOOD LAUGH! Check out this video by John Clarke and Brian Doyle, and lighten up again.

THE ULTIMATE RETIREMENT STRATEGY

In this show Bruce reviews two critical governmental reports from the General Accounting Office (GAO), and the President’s Council of Economic Advisers which are sounding major alarms about the Baby Boomer Generation’s unpreparedness for retirement in the next 10-20 years in America. The reports cover the 5 Major Risks to retirement that, according to the government, will change everything. But the VERY VERY GOOD NEWS is that Bruce breaks down each specific risk, and gives you the specific strategy to mitigate, manage, and maximize your retirement savings, GUARANTEED! You will not hear this information anywhere else!

WHAT HAPPENS TO INVESTORS WHEN STIMULUS RUNS DRY? LESSONS FROM JAPAN.

Japan’s pre-WW II Baby Boom was 20-plus years before the US’s. Their bubble burst in the late 1980′s. The Nikkei Index is has still only recovered to 10,000 from it’s peak of 40,000 over 20 years ago. Japan’s answer? Keep printing Yen and stimulating against all demographics, instead of de-leveraging and writing down debt! Does that sound anything like the U.S. Fed Reserve’s actions today. Yet, there are major differences between our two countries as well. Get the whole story in this broadcast episode. Includes a very current interview with Rodney Johnson, president of H.S. Dent Enterprises.

WHO’S GOOSING THE MARKET? (AND MORE ON THE POTENTIAL BANKING SYSTEM FAILURE)

In this episode Bruce discusses:

  • Is the stock market headed for the heavens now that Greece only “almost” defaulted, or are we about to launch into the next bubble?
  • Why do a NY Times Finance reporter, a former head of the FDIC, and Ronald Reagan’s former Budget Director all say that the 2008 Banking crisis WILL RETURN?
  • Why does Harry Dent recommend “non-correlative” investing for the rest of this decade. What is that and exactly how does it work?

THE NEXT BANKING CRISIS! COULD 2008 HAPPEN AGAIN?

The crux of Failure in 2008 was the BANKS! Yes, tentacles went far and wide, but it was the leveraging of massive debt into the overinflated US real estate market that was at the crux of it. In this show we feature a groundbreaking series from Bill Moyers about why people like David Stockman, former Budget Director for the Reagan administration, and N.Y. Times Journalist Gretchen Morgenson, say not only that it can happen again, it WILL happen again!

THE LIGHT AT THE END OF THE TUNNEL

Baby Boomers barely have a decade left to recover from the current economic and financial crisis. So when WILL things turn around? This episode features excerpted interviews with Harry S. Dent regarding his book The Great Crash Ahead, and covers the hurdles to overcome, (European Debt, China Bubble, American Debt), and what the government could most effectively do right now to get America back on a strong economic footing.

EXTENDED PODCAST VERSION: WHY EUROPE CAN’T GET BETTER UNTIL IT GETS WORSE!

First in a special “podcast only” format, STW Radio, usually broadcast as a 1-hour show on AM radio with barely enough time to cover issues in detail, now gets to stretch out and get serious about informing America regarding saving for retirement in the Desperate Decade ahead.

This show highlights the seeds of the Eurodebt and why Europe only has 1 of the 3 key tools most other sovereign countries have to fix their economic crisis.

WELCOME TO THE ALL NEW STRAIGHT TALK WEALTH VIDEO BLOG!

Bruce, where have you been?

Hey guys, I did not fade away! Quite the contrary I put STW Radio on hiatus in Los Angeles so I could focus on our whole new Straight Talk Wealth Radio and online media VERSION 2.0! And I’m not kidding that it is totally NEW and IMPROVED!

STW is underway to launch nationally in at least 10 cities by early 2012, and my new weekly NEW VIDEO BLOG is a key part of our whole upgrade. So please watch this video and let the Video-Me tell you the full story. ( 8 minutes )

Straight Talk Wealth Radio Vlog #1

This is the first in a new video-intensive blog by Straight Talk Wealth Radio Host Bruce Weide. It is primarily introducing the new improved blog to his opted in fan and list base. Go to www.StraightTalkWealth.com and see the full series of video blog entries.

COULD THE BANKING CRISIS OF 2008 HAPPEN AGAIN?

Featuring interviews with David Stockman and Gretchen Morgenson from Bill Moyers’ PBS news series

Do YOU understand how the Crisis of 2008 even occurred? Could it happen again? Has the government made it all better now? Or is the other shoe about to drop?

Most working people with IRAs, 401Ks and brokerage stocks and funds may barely understand the underpinnings of the crisis beyond just the fact that their retirement hopes and dreams were seriously dashed or set back in the worst financial crisis since the Great Depression. But those were only the EFFECTS.

Unless you are going to keep a blind faith in our government, (and heaven knows, most of us lead such busy lives, it’s not like we have a world of time to study these things), then we must confront the CAUSES.

The root of the 2008 Crisis is nested in the very banking system, which permeates so many aspects of the economic life of our country, and how it inevitably became “Too-Big-to-Fail”. Who should have been jailed for this? Where are the culprits now?

David Stockman on Crony Capitalism

January 20, 2012
Moyers & Company explores the tight connection between Wall Street and the White House with David Stockman, former budget director for President Reagan.

Now a businessman who says he was “taken to the woodshed” for telling the truth about the administration’s tax policies, Stockman speaks candidly with Bill Moyers about how money dominates politics, distorting free markets and endangering democracy. “As a result,” Stockman says, “we have neither capitalism nor democracy. We have crony capitalism.”

Stockman shares details on how the courtship of politics and high finance have turned our economy into a private club that rewards the super-rich and corporations, leaving average Americans wondering how it could happen and who’s really in charge.

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going and their stock price moving upward,” Stockman tells Moyers

Gretchen Morgenson on Corporate Clout in Washington

January 20, 2012
Moyers talks with Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on how money and political clout enable industries to escape regulation and enrich executives at the top.

Check out Gretchen Morgenson’s book, Reckless Endangerment, on how Fannie Mae led the pack in facilitating an industry of “Too-Big-To-Fail” on Amazon.com

UPDATE – Wall Street Journal Opinion Section – How Huge Banks Threaten The Economy 4 April 2012 – by Richard W. Fisher and Harvey Rosenblum

Listen to the Extended Podcast Edition of Straight Talk Wealth Radio – The NEXT Banking Crisis! Could 2008 Happen Again? (below).

EXTENDED PODCAST VERSION: The NEXT Banking Crisis! Could 2008 Happen Again? (86:18)

WATCH STRAIGHT TALK WEALTH’S EXCLUSIVE INTERVIEW WITH ECONOMIST HARRY S. DENT ON “THE GREAT CRASH AHEAD”

Harry S. Dent is predicting that the Dow (DJIA) could drop to 3800 in the near future as America goes into a double-dip Depression!

Watch this 3-part in-depth interview with Harry Dent and Straight Talk Wealth Radio Host, Bruce Weide, and discover:

  • What is the basis of his forecasting? (See more below under “The Dent Method”)
  • Did the Baby Boom actually cause the current economic crisis?
  • Will American pull out of this recession soon? What can make things turn around?
  • How will the European Crisis end and what will its effects ultimately be on America?
  • Is our monetary system headed for hyper-inflation, or a deflationary depression?

In the early 1990′s during the George H.W. Bush recession, when things looked bleak and America had trouble reading Mr. Bush’s lips, Harry predicted that the coming decade was going into one of its most historic boom periods ever in his book The Great Boom Ahead.

In all of his past books since 1989, Dent saw an end to the Baby Boom spending cycle around the end of this decade. Currently asserting in his most recent book, The Great Crash Ahead, that “All major bubbles go back to where they started”, Mr. Dent is forecasting the DJIA to drop back into the 3000 range, within the next year or two.

Using exciting new research developed from years of hands-on business experience, Harry S. Dent, Jr. offers a refreshingly positive and understandable view of the economic future. As a best selling author on economics, Mr. Dent is the developer of The Dent Method – an economic forecasting approach based on changes in demographic trends.

The Dent Method: Economic forecasting based on changes in demographic trends

What is it? Why use it?

The Dent Method – a long term economic forecasting tool based on demographic trends – is used by Financial Advisors and individual investors to help predict the health of the economy as well as the stock markets years and decades in advance by identifying long-term trends that help build an overall financial picture.

The Dent Method claims that it has consistently proven that the age structure of the population has the power to influence consumption demand in a predictable, substantial and consistent manner.

Developed by economic expert Harry S. Dent, Jr. in the late 1980’s, The Dent Method offers a unique view of economic forecasting because it suggests that demographics and spending trends affect our economy, stock prices, inflation, interest rates, innovation cycles, new technologies, product and industry trends, real estate, immigration and domestic migration, and new business models for management and organization. This method also shows how to recognize and potentially profit from economic cycles, as well as helps pinpoint the best careers in growth industries, the best places to live, the hottest potential investment sectors, and the key technologies that will change everyday lives.

FOR A COMPLETE LESSON IN THE DENT METHOD CLICK HERE or go to www.HSDent.com
For more information on HS Dent, please contact them or call 1-888-307-3368.

ARE THE 1990′S BACK?

This show, featuring Scott Warner, looks at the incredible stock market run-up since March of 2009. In some cases stocks have just about DOUBLED!

So what should we expect for the next 10 years? Will it be the 1990′s or the 2000′s?

And more importantly, what can you do to take advantage of this strong bull market, but make sure you actually can hold onto your gains if the tides should turn, later this decade.

DID THE BABY BOOMERS CAUSE OUR ECONOMIC CRISIS?

Why is my portfolio crashing? Why has this decade been so darn rough to grow any kind retirement fund at all?

Well, there’s the Greek Crisis. Sure, okay. I guess so. It’s Greece’s fault.

But before that there was the Debt Cieling Crisis. Oh there ya go! It’s the Democrats’ fault. No, uh – it’s the Republicans’ fault.

And before that it was the banks’ fault for the Housing & Credit Bubble. And before that it was Silicon Valley’s fault for the Dot.Com Bubble.

And tomorrow it will be the Federal Reserve Bank’s fault for printing money, or China’s fault for having the worlds biggest real estate bubble.

All just random occurences in our life and times with no rhyme or reason except that we are cursed as a generation! Oh for the 80s and 90s. Will we ever see their kind again?

Baby Boomers : Are they the cause of the economic crisis in America?

Baby Boomers : Are they the cause of the economic crisis in America? Are you a baby boomer? Are you having financial problems with the economic system and economic policies? Well, just know it could be a boomer or rather a whole baby boomer generation that is responsible for this economic state.

HOW DISMAL RECOVERY IS CAUSING BIG PROFITS – PLUS – THE CHINA BUBBLE

Can you spot the oddity in these 2 stories running side by side in the WSJ on July 5th?

How can such a dismal recovery be so good for Wall Street? Does it tell you something seems wrong in this country? People can’t find work, our national debt is out of control, global debt is worse, housing prices remain in the dumpster, and yet — the stock market seems to be LOVIN IT!

In this episode we will tell you exactly what is driving corporate profits in this dismal economy.

BONUS! Did you know that the Chinese government is building 10 new cities a year from scratch…and virtually nobody is living in them! We’ll take you there to “see” for yourself in this new episode! You need to know that it is the next global bubble, set to deflate.

WALL STREET JOURNAL GET’S IT WRONG!

WSJ reports that seniors’ nest eggs across the country are being shattered by low interest rates the Fed Reserve has put in place since the financial crisis. They talk about the crisis on .24% (the 24/100ths!) at the bank but they totally fail to mention the 7-8% guarantees in the pension markets.

These folks are confusing short-term vehicles with long-term purposes and that’s why they are gong under! Plus, Bruce & Walt really clown it up to make a point.

RETIREMENT IN CRISIS

In this show, Bruce Weide and Kirk Cox explore whether the Baby Boom generation will actually ever enjoy a period of life where one’s assets can be a sole source of income, or whether working until our 70′s or 80′s is more the lot of the Booomers.

Several major challenges are identified and address.

RETIREMENT ROADMAP PRINCIPLES AND EXAMPLES

Great real-life stories in this episode of Straight Talk Wealth, of how applying basic principles like true compounding, guaranteeing gains plus distributions, made a difference in real lives of real clients.

Find out how Wall Mart executives made a killing in their pension plans while the rest of the world (including their own employees’ 401Ks) got sucked down the vortex in 2008. Great lesson.

WHAT IS UNIQUE ABOUT STRAIGHT TALK WEALTH STRATEGIES?

This is a seminal show we keep replaying that never gets dated. It is about a key transition that the Baby Boom generation is just beginning to enter that they have little cognizance of, but is going to hit them like a ton of bricks. That is the difference between the ACCUMULATION aspect of saving and investing vs. the DISTRIBUTION strategies that they will begin to employ, and that are much more tricky and dangerous to miscalculate.

BACK TO THE BASICS – THE MONEY MATRIX

Hey, guess what? I think people are tired about hearing about the economy!

So this week we are going back to the basics of retirement planning. Listen to this show where Bruce covers the Money Matrix – a litmus test you can apply to any investment for retirement!

THE NATIONAL DEBT – WHERE THE SH-T HITS THE FAN!

Find out in this show how untenable government debt is already killing states and municipalities, and where it will finally catch up with the stock market recovery.

Government debt is arising as the next big threat to market volatility, as early as May of 2011.

Bruce’s gives a key strategy in this show to prepare, protect, and prosper in the face of these outcomes.

WHAT SHOULD QUANTITATIVE EASING MEAN TO YOU?

Kirk Cox guests on this show which examines the global outrage at Fed Chief Bernanke’s move to print more money and flood it into the American economic system.

Wait until you see the outrage when the American public discovers that he has only made things WORSE!

Learn all about it on this show.

WHAT IS A RETIREMENT ROADMAP?

This unique service is offered through Straight Talk Wealth Radio, heard on AM radio stations throughout Southern California.

Most Americans have been marketed into thinking that there is no difference between “saving” for retirement or more properly, “investing” for retirement.

Which of you would pin your entire life’s hopes and dreams on events that you can neither predict or control, and on which you could again lose half of your wealth if the ghosts of 2008 (or 2000 for that matter) ever return?

Why don’t more people differentiate between their savings strategies (for monies they can not afford to ever lose) and their investing strategies (on money they CAN afford to lose value on as sometimes does happen with investments)? Because savings at today’s rates of 1% are as good as losing money against inflation!

But what if you could double the income value of that money every 10 years – GUARANTEED? And what if when you go to withdraw those funds to live on your distributions would be guaranteed to last a life time even if the account values have been withdrawn down to ZERO!

This video shows how to begin.

THE AGE WE LIVE IN – IS IT REALLY A DIFFERENT WORLD TODAY?

Probably all our lives we have heard that the sky is falling. All our lives we have heard about economic and political turmoil around us being unprecedented and likely to change the fabric of our American lives. But it really hasn’t happened yet.

So is today really any different? Or could our level of government debt and excess over so many years of borrowing really coming to a head this time?

2008 was a very scary time in America. Has the government made it all better now? Does the Federal Reserve Chairman know how to save us every time from the economic abyss? Or is the other shoe about to drop?

In this show Bruce talks about how to find some peace of mind in uncertain financial times, and how the foremost question as to the outcome of all the current government intervention in the economic sector will be whether we suffer a severe bout if INFLATION or DEFLATION. DO NOT CALL THAT ONE WRONG….it really does have serious consequences if you do.

THE MOST IMPORTANT TAX DECISION YOU’LL MAKE THIS DECADE

The potentially best tax relief you will see in your lifetime has been available in 2010 and EXPIRE by the end of the year.

IRAs and 401Ks are set to become ticking tax time bombs later this decade if tax rates increase. Seniors tend to eliminate all of their other deductions in retirement and just about 100% of their income becomes taxable.

You can change your IRA into a permanent source of TAX-FREE INCOME and legally stay immune to the massive tax increases starting next year.

SCOTT WARNER – WHAT DRIVES THE STOCK MARKET?

OPPORTUNITIES and END GAMES – and it’s the end game that is sorely missing from most saver’s portfolios. What are you investments going to be used for? How should your investments portfolio vary based on what you will do with your earnings? Topics are discussed in this light ranging from stocks to real estate.

Who’s Manipulating the Markets?

Hang on to your hat. This is not an easy show to face, but it does explain why the economic facts are going in one direction, while the stock market is going in a 180 degree different direction.

The government is manipulating the markets. Did you know that 30% of personal income in the US is now coming from either government payments or government jobs?

High speed traders are manipulating the market. Did you know that 56% of the volume of daily trades on the NYSE are from short-term high-speed traders?

Rest assured. THINGS ARE NOT WHAT THEY SEEM!

LEARN WHAT TO DO ABOUT IT! LISTEN TO THIS WEEKS SHOW AND PROTECT YOUR WEALTH!

SCOTT WARNER ON THE “INCOME PLANNING GAP”

The Gap is the difference between what your investments are worth and what they’ll actually pay you, and the cash flow they’ll produce.

It’s not the capital you accumulate but the income you desire to have, according to Scott Warner on this show.

Learn how the gap shows up in:
Stock portfolios
Real Estate
Principal spend-downs (very dangerous)

How do most people try to cover the gap? – They reach too hard for greater rates of return but get caught up in risky scenarios that could crash the whole thing – worse off.

Learn how Scott closes The Gap by actually INCREASING safety!

NEW MODELS IN ASSET ALLOCATION – SCOTT WARNER

Scott discusses how Asset Allocation models have generally not changed, even though the last 10 years of the market has in fact changed everything.

Find out about the Absolute Return asset class that delivers growth no matter what environment is prevalent in the market, and how to determine the correct proportion of that asset class for your own portfolio.