Shocking Truths about Your Money (Part Two of Two)

  1. If you had invested in the top ten American companies in 2001 and held onto your shares, you would have lost money in seven of them.
  2. The US National Debt is growing at another trillion every few months.
  3. The collapse of Credit Suisse has left Switzerland with a bank which has $1.7 trillion of liabilities. If UBS went bust, Switzerland would be bankrupt.
  4. A saver who held cash from 2009 to 2021 would have earned a total of 6% on their savings. The official rate of inflation over that period was 39% and so the saver would have lost most of their purchasing power.
  5. The collapse of government bonds in autumn 2022 means that many pension funds lost over 50% of their value. Many workers still don’t realise how much their pension funds have lost.
  6. The current situation of the American stock market is much worse than it was in 1929.
  7. 156 American banks are in a worse condition than SVB was when it went bust. And the fund to bail out bank creditors holds less than a dollar for every $100 in savings.
  8. In 2008, around 25 banks failed with a loss of $373 billion. In 2023, the losses from SVB and Signature Bank alone came to $319 billion.
  9. Stock market analysts are nearly always optimistic because they are paid to be bullish. Of 10,821 analyst’s ratings fewer than 6% were sell recommendations.
  10. There is far too much information available to investors. The result is that most are constantly confused.
  11. If immigration into the UK continues as it is going then the population will have risen by at least five million – with nearly that number of taxpaying Brits leaving the country in despair. One in six UK residents is already foreign-born. France allows people to leave and head for the UK because it knows that those immigrants will cost huge amounts of money to look after. Most immigrants are unskilled, poorly educated and expect to live on benefits.
  12. Germany has been close to a standstill because of the biggest strikes in decades.
  13. By 2030, the average Polish citizen will be much richer than the average Briton.
  14. Pension funds are forced to put money into bonds and international assets. These are not as safe as they were once thought to be. And so most pensioners will be much poorer than they expect to be – except for retired civil servants who will be richer than everyone else.
  15. The Bank of England plans to limit digital pound holdings in its new digital money accounts to between £10,000 and £20,000.
  16. In the UK, cash was used for 60% of transactions just 15 years ago. Today it is used for 15% of transactions.
  17. Shares can go up and down at the same time. The price of a share might go up, but if inflation moves quickly the share will actually be worth less.
  18. Only 1 in 5 people trust their government to produce a Central Bank Digital Currency. But most people are so stupid that they will put up with it. (The covid jab caused massive amounts of brain damage.)
  19. We live in a debt based economy but everyone in debt is a slave.
  20. There is far more debt in the world than there is money.
  21. Most, if not all, pension funds, insurance companies, banks and countries are heading for bankcruptcy.
  22. American strategic oil reserves are lower than they have ever been.
  23. Amazingly, 81% of the UK’s economy is made up of services. Manufacturing in the UK now makes up just 9% of the total output. Most employees in Britain are bankers, estate agents or hairdressers.
  24. Owning ‘things’ is safer than owning ‘money’.
  25. In his first two years, Joe Biden imposed 517 new regulations and laws costing billions in red tape. Federal regulations now take at least $2 trillion from the American economy each year.
  26. If you want to know about money and investing then please read Moneypower by Vernon Coleman. You can find it on Amazon. The subtitle is: The secrets of power over money and the essential principles of macro investing.