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The Biggest Wealth Transfer in History Is Happening Right Now
You can choose to be on the right side of it.
A lot of money is changing hands right now.
There are those who understand what is happening and those who are snoozing their way to having a large portion of the value they’ve created eaten for breakfast by a stranger in a red devil suit.
The biggest wealth transfer in history is explained as a result of US$16 trillion going from one generation to the next. This is logical.
The wealth transfer I’m talking about is of a different variety.
It’s the result of the way money, and the assets it can buy, being completely turned upside down. Record unemployment and record highs in the stock market are the first bright red flag. As an investor and somebody who has spent 9 years working in finance, I’ve learned to be fearful (in a good way).
Fear translates to selling while everybody else is buying. Fear translates to not believing the hype. Hype will destroy your financial future.
I’ve talked about the trillions of dollars the US is printing right now to place a band-aid over an economy that was showing huge cracks before the global health crisis in September last year. In short, the REPO Market blew up. This REPO market…
