75 Million Americans WHAT? Mike Maloney (Video)

75 Million Americans WHAT? Mike Maloney Video

Why would Ray Dalio say the ECB and BoJ have anywhere from 8 months to 5.5 years remaining before they go belly up? The only way to get the outside number is by monetizing everything including 20% of the entire stock market. Is that realistic? Is Mr. Dalio just another boob to be ignored? 5.5 years is not that long. Mr. Dalio is not predicting the future he is merely reviewing the trajectory the money printers are traveling. Yes, it is longer than next quarter, however, China operates on 25 and 50 year plans with a built-in 1 and 5 year review to make appropriate adjustments. 5.5 years is no time. I, like all other Americans, have been trained to believe that next week or next quarter is all that matters. Nothing could be further from the truth and one of the more important chains to be broken. As most of you know our economy is in serious trouble. We should all take time each day to focus on our personal economy and think of improvements that could be made. Small changes in ones personal economic habits make a huge difference at the end of the day, week, month and year. If each one of us spend as little 15 minutes a day just focused on our finances and personal economy the impact on our daily lives would be dramatic.

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Mike Maloney

Michael Maloney is the founder and owner of GoldSilver.com, a global leader in gold and silver sales and one of the world's most highly regarded investment education companies since 2005. He is author of the best selling precious metals investment book of all time, Guide to Investing in Gold and Silver, published in 2008. Mike Maloney was born in Willamette, Oregon, and spent most of his youth in the Los Angeles area. He is a life-long inventor and entrepreneur. At age 17 he traveled all over the U.S. selling mini-bikes and go-karts. By age 23, Mike founded the sales firm of Michael Maloney & Associates, growing it to five employees and two branch offices. He became a designer and manufacturer of high-end stereo equipment that won several engineering and industry awards. In 1992 his designs were selected as one of five permanent exhibits for display at the opening of the 20th century design wing of the royal Victoria & Albert museum in London, the world's greatest design museum. "That's about the time I had my first up close and personal encounter with economic cycles," Mike says.