America has been saving 2% of every dollar they make (GDP), while China saves 35% of their GDP that is why they have a surplus and the U.S is 14 trillion dollars in debt.
It’s so easy for the U.S politicians to blame foreigners cause they look different and are in a foreign land, however America’s problem is self created. It’s always easier to look externally than look at yourself and come to terms with your mistakes…people do it all the time and it seems politicians are no different.
A greater number of Canadians feel that the economy is getting worse than last year. Now 20% up from 14% last year feel this way.
Some of the top concerns of Canadians are having enough money to retire, and improving personal finance. They feel that the Canadian economy maybe getting a little bit better by the government reports but at home things are getting worse, goods are more expensive (inflation), jobs are hard to find and people are still being laid off. So to the average Canadian, their personal finance situation really don’t feel any better.
Yesterday gold took a hit from roughly $1412 down to $1380 range…that was a drop of roughly $30 some odd dollars. I’ve been watching gold for a while, though I should have gotten long ago…I think there is still more upside for gold.
Right on December 31, 2010, I sold my Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares…this was the last day to do it. Because the Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares invest in Cruide Oil futures and futures / options always expire.
The initial financial collapse in 2008 was just the tip of the iceberg. Since then the U.S has been struggling to grow economically and millions upon millions of jobs has been lost. If you think things are getting better, you are probably watching mainstream media…truth is the U.S economy is struggling and run the risk of another collapse. Watch the documentary and make up your own mind.
In previous post on MoneyAccumulator.com I wrote about the CALL options I bought on SLV (Silver ETF) for expiry of January 2010 with a strike price of $19. Well, I recently sold the options contract when the SLV ETF reached the price of $20.60.
The paragraph below was taken from an “MarketWatch“ article.
“And according to an analysis by the Central Intelligence Agency, the U.S. has one of the most unequal income distributions in the world. In this field, most of the developed world is pretty much in line — Japan, Italy, Australia, Canada, Norway, Great Britain. Some are more unequal than others, but all are comparable. In each case, of course, the rich make more than the middle class, sometimes a lot more. But they generally occupy the same economy.The U.S.? Our income distribution is more in line with Zimbabwe, Argentina, and El Salvador. We think of Russia as the land of oligarchs, but America’s inequality is actually slightly greater than Russia’s.
If there is anything the credit crisis over the last few years has taught us is that debt is bad, despite what financial companie’s try to tell you. The other thing is that everyone has to really watch their spending. Part of the monitoring of spending is those little things that you buy, like coffee, latte or a bottle of water here and there.If the economy continues the way it has been for another few years, you will most likely be forced to change your habits, especially if you are in heavy debt, you have no savings or if you are in a job that is at risk of layoffs.
1. Create A Balance Sheet
Begin and look at your net worth by collecting your most recent investment statements and going online to retrieve your current account balances.
Once you’ve documented your assets and subtract your liabilities, consider the following questions:
Jim Rogers a famous investor who’ve seen lots ofs up and downs in the world thinks the American Government is feeding the people of the United States lots of false information. Jim Rogers think that the American economy is going to get worse not better as recent job loss increases and there is going to be a lot of pain for American citizens for the coming few years. The politicians and banking executives are to blame, however they are just passing the buck and deflecting the blame.
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