Stock Market Crash/Black Monday Feb. 5

Will it, could it happen or will the plunge protection team jump in to save the day.

The markets are long overdue for a correction and many have been calling for at least a healthy correction of 10% or so. The Bond Market has been bleeding lately as interest rates have been rising. Just watched a very good presentation by Robert Kiyosaki * Author of Rich Dad Poor Dad. In his predictions for 2018 he feels very strongly that many asset bubbles will burst. We may have seen the beginning of this this past week. I am not alone in saying that this may be your last chance to get out of the stock market and other paper assets, even your 401k and put it into hard assets like physical silver and gold. So what if you take a 10% penalty for early withdrawal. If the markets fall more than 10% you are ahead of the game. This is by no means financial advice just my opinion but if you are following the crowd you are going to loose

If this plays out the big money banks have already positioned themselves and are short the market, as usual the little guy will get creamed and the banks and the rich will clean up because most people are not financially educated and just do what everybody else does thinking that there house and cars are a asset when in reality they are a liability that takes money out of your pocket.

Real wealthy people, not those who are high income earners making 6 figures and spending more than they make driving fancy cars and living in homes that are beyond them thinking they are Rich. Real wealth is in having tangible assets that you own outright and that have cash flow. People who are truly rich have money coming in from there their assets that exceed there expenses and are not dependent on a job or worried about loosing there job as there income comes from investments like real estate. There job may help there asset column to grow but they don't use there paycheck to buy frills like dining at restaurants, expensive vacations etc.. they have learned that the secret to becoming wealthy is to only buy frills or doodads from income that is produced by and from your assets. Most people are poor because they have no sense of delayed gratification

Well that's my rant for now have a great weekend and* Ta Ta for now*

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