Planning for Retirement/Replacing your Current Income

Visions of the Economic Future
Right now the dollar looks strong and precious metals are low. It is really strange that the metals are low when there is a very real shortage. Anyone who has tried to buy quantities of silver bullion coins, for instance, has found that it is extremely difficult. This just makes no sense. Usually when a commodity is in short supply, the price goes up. The fact that it has not is because of the rather unusual situation with the dollar.

Financial institutions worldwide are needing to settle loans which were placed in dollars and need to be settle in dollars. As a result international institutions need to purchase dollars in order to do this. The result is that it is elevating the value of the dollar. This is a self-limited situation. At some point in the not so distant future, they will have filled their need for dollars and the price of the dollar will fall precipitously. This will also result in a dramatic and rapid rise in the value of precious metals.

Last year the London Telegraph quoted a well known economist warning that the coming depression was going to make the depression of 1929 look like "a walk in the park." I doubt that any of us were around then, but it was not a good time and I am not looking forward to worse.

That being said, I do intend to protect myself as much as I am able to. This means not leaving funds in stocks or bonds or banks. I am buying (not on the internet) silver bullion coins 100 ounces at a time. If I have more available cash in the future I will buy gold bullion coins while the price is low.

I am also involving myself in a number of programs. I am making sure that they are not all operating on the same currency base (some are in dollars, some in euros). I am also looking for a good record with respect to producing profits consistently and/or programs which are deriving their income from multiple different types of activities.

Generally there are certain types of investments which are inherently higher risk than others, particularly in the early stages of a developing depression. Despite that there are individuals who seem to have a talent for prospering even under those conditions.

If you look around, you will find that many of the analysts who are more down to earth and realistic see that the coming downturn is going to be very deep and that there is a real possibility that we will have to mainly depend on what our local communities can produce. We need to prepare for this and to become as self-sufficient as we are able to.

We will not necessarily be able to depend on our current jobs or on the availability of other jobs if we lose the job we have. My UPS person told me last Friday that in our area of Washington and Alaska, UPS was laying off 1900 people. That is just one company. If you look around you will see company after company downsizing, closing stores or just ceasing to exist. This does not just affect these companies, but also their employees, their suppliers who have lost custom and will then start downsizing or laying off employees as well. This has a snowball effect. The more closures and downsizing there is, the more there will be in the future.

That is why we need to turn to the internet. While nothing is certain, for most of us this is a place to created a second income, or to replace the income we have already lost. Nobody's job is secure, so we need to put our time and money into internet programs now (while we still have money) and start building a residual income.

Passive programs are perfect for everyone since they require no talent or ability. You do not need to build a website, promote or sell anything. In the case of totally passive programs, you do not need to even own a computer since they will run well even if you only check on them once a month.The only issue is how much money we can put in it to start and how long we can allow it to build before we need to depend on the income.

The other thing is to diversify. No matter how good a program is, you must never depend on just one program. There is no doubt that Murphy is always busy--whatever can go wrong will go wrong. It is the way of the world and occurs more often than not.

My plan is to have 3 low risk programs. I currently have 2 (Guardian Equity and Vlane) and I am about to add a third that I have finally picked after considering 4 potential programs.
I will also have 2 medium risk programs (Tradelite and RIOY).
And quite a few high risk programs and these change frequently since, almost by definition, they are only good for a few months (I am tending to get out by the time they are 3 months old since the risk seems to increase considerably when they reach 3 months).

For any of those people who is talented at selling (count me out) I will suggest that Xocai is a product you can promote without guilt since it is proving to be the most incredibly useful and versatile supplement I have ever encountered. It is a product that anyone would benefit from using and for those with health issues, it can make the difference between being able to function or not to, or of having to take drugs with potentially dangerous side effects.

Anyone with particular questions or issues that I have not addressed may get in touch with me:
lisbethcole at yahoo .com just replace the at with an @ in the email address
001-907-262-3711 (GMT-9)
Skype elisabeth cole