The bigger worry should be about missing the opportunity that such events bring.
Plus inflation might not be so hidden any more.
The chart from the last week’s Wall Street Journal article “U.S. Inflation Picks Up in July as Core Prices Strengthen” (1) shows how the government can no longer hide the rising cost of living.
The article says: Back-to-back 0.3% monthly increases in the core consumer-price index mark the strongest two-month stretch since early 2006.
Inflation accelerated in July as an underlying measure of consumer prices posted its strongest two-month gain since early 2006.
The consumer-price index, which measures what Americans pay for items from mutton to motel rooms, rose a seasonally adjusted 0.3% last month from June, the Labor Department said Tuesday. Excluding volatile food and energy, so-called core consumer prices rose 0.3% for a second consecutive month, the strongest two-month gain in more than a decade.
The data marked the latest sign that inflation is finding its footing after a sluggish price gains earlier this year raised concerns at the Federal Reserve. The Fed lowered interest rates last month for the first time since 2008.
Despite statistics that have shown low inflation, rising costs of living have been with us.
The contradiction between inflation statistics and cost reality exists because price increases have been hidden in a couple of ways.
First, because we living in a global economy and have the worst trade balance of any developed country, the strong US dollar has shifted the higher cost of living abroad. A super charged greenback has kept prices of imports down. American costs have been partly contained at the expense of our neighbor’s.
The chart below from the Economist (2) shows that the US current account balance (trade balance, after investments in and out of the country) is one of the worst in the world. The 2.4% current account deficit as a percent of Gross Domestic Product is only beat by six other countries, (Britain, Canada, Indonesia, Pakistan, Chile and South Africa).
The strong US dollar has shifted inflation abroad, as it reduces the cost (in dollar terms) of the goods America imports, but increases the cost of living for those abroad as US products are more expensive. Asia’s incredible economic growth over the past two years has allowed that region to absorb those rising costs.
Now US tariffs and the natural slowing the the Emerging Asian countries is putting a strain everywhere. Growth in Asian countries has slowed dramatically and this leads to restless populations (such as in Hong Kong).
“So what”, one might ask. “That’s our neighbor’s problem.”
We like to ignore other countries problems but cannot as they lead to trade wars, immigration, security and military complications.
The second factor that has kept inflation down is low interest rates. The cheap cost of borrowing has stimulated governments to grow increasingly more in debt. This is building towards a crisis as well.
This week’s Wall Street Journal article “Budget Deficit on Path to Surpass $1 Trillion Under Trump” shows how acute this dilemma has become.
The article says (bolds are mine): The federal budget deficit is growing faster than expected as President Trump’s spending and tax cut policies force the United States to borrow increasing sums of money.
The deficit — the gap between what the government takes in through taxes and other sources of revenue and what it spends — will reach $960 billion for the 2019 fiscal year, which ends Sept. 30. That gap will widen to $1 trillion for the 2020 fiscal year, the Congressional Budget Office said in updated forecasts released on Wednesday.
The updated projections show deficits rising — and damage from Mr. Trump’s tariffs mounting — faster than the office had previously predicted. In May, the budget office said it expected a deficit of $896 billion for 2019 and $892 billion for 2020.
That damage would be even higher if not for lower-than-expected interest rates, which are reducing the amount of money the government has to pay to its borrowers. Still, the 2019 deficit is projected to be 25 percent larger than it was in 2018, and the budget office predicts it will continue to rise every year through 2023.
This is the really huge concern. How long can interest rates stay low? At some time, borrowers will start to need a higher return as inflation rises. Rising interest rates can in turn increase inflation in a dangerous upwards (higher rates and higher inflation) spiral.
The MSN.com article “TREASURIES-Yields rise as Treasury considers ultra-long bonds” (4) shows the the government is already concerned enough to reconsider issuing 50 and 100 year bonds.
The article says: Treasury reopens queries into 50-, 100-year bonds . U.S. Treasury yields rose on Monday after the Treasury Department late on Friday said it was gauging market interest in ultra-long-dated debt, and as risk sentiment improved. The Treasury said it wants to “refresh its understanding of market appetite” for 50-year or 100-year year bonds.
The government is looking for ways to borrow now and not have to repay for 50 or 100 years. This pushes the nation’s fiscal problems onto our great grandkids, even great great grandkids. Let’s party up now and let the children of our children;s children pay the bill.
The government may pull some tricks to create a market for these ultra long bonds, but that’s another story for another time. The point here is how serious the debt problem has become.
Where’s the opportunity?
If interest rates remain low and the US dollar weakens, the most likely beneficiary will be stock markets in other countries. After Brexit is concluded… after the Hong Kong affair settles down, stocks markets abroad are likely to gain increased demand. See how to spot good value non US dollar stock markets, below.
Make a Difference & EarnLive anywhere. Earn everywhere. Make a difference. Tell Your Story.
Here is a Boomer special offer. Get my Writing and Self Publishing course. Pay any amount you feel you can afford.
Learn how to earn high income in your own back yard. Choose where you want that back yard to be.
You can create a lifestyle that you previously could only dream regardless of your age.
Gain 3 powerful benefits when you choose to become a writer:
Benefit #1: Freedom. You set your own hours. You work when you want to, not when you are told. Working at home eliminates a commute unless you count the 8 seconds it takes to walk from the bedroom to your office. You can even work in your pajamas. One writer who used our course says that this is one of his favorite benefits.
You don’t have to ask permission to take time off to attend your children or grandchildren’s sporting events, concerts, plays or any other event. You have greater control over your earnings and your destiny. If you want to earn more, give yourself a raise by increasing your revenue. When you work hard, you are working hard for your benefit and wealth not someone else’s. Being able to fit your business to circumstances can sometimes be the most important benefit of all. A writer who had just started her self publishing business when their daughter was diagnosed with bone cancer. During her daughter’s hospitalization she was able to be there 24/7… yet continue to write. She told me… “This is one of the BEST reasons for writing, the freedom to work from the hospital room on your laptop and be there when your child needs you the most”.
Benefit #2: You become part of the solution, not part of the problem. There is so much bad news that we are powerless to change or stop. You have a story to tell and in so doing can help others learn from your experience.
Benefit #3: You gain respect. Writers are the people who bring the information to the rest of the world in an information era. They are the ones who affect change and because of this, have a tremendous amount of power.
You can earn and enjoy these benefits writing about almost any subject you choose.
Here are few stories of how writers have used what they learned to take small steps that led to greater control, increased success and incredible fulfillment in their lives.
Barry Weinhold sent this note: We were successful authors before attending the Writer’s Camp, with our first book published in 1989 selling over 200,000 print copies. With the tips from your course last fall, we have published six new ebooks in Kindle format that are now available at Amazon.com.
Thanks for helping us get the word out about Barry’s 2-part Breaking Family Patterns series. Janae has also released her 3-part Con Job series.
We’ve co-authored “How To Break Free of the Drama Triangle and Victim Consciousness.”
Our monthly royalty checks are now coming in and we are very pleased with the response to our new books (656 books sold and 1295 free downloads in seven months). We have six more new ebooks in the pipeline for publication. Our goal is to publish twelve new ebooks by our one-year course anniversary. We couldn’t have published this quickly without the great support we received from your Writer’s Camp. We highly recommend it to anybody seeking the fast track to becoming independent self-publisher.
Self Publishers can also write in more than one niches.
Nickolette Goff writes non fiction in two niches. After attending a Writer’s Camp Nicki used what she had learned to help promote her first book… a Quinoa recipe cookbook with 13 recipes. She had 10,000 downloads of the book in five days and obtained dozens of good reviews!
You can get 13 more great quinoa recipes in Nicki Goff’s book at the links below.
She wrote: Hi, Gary, Book sales are actually going well, and I’m having a lot of fun with this. I’m so grateful to you and Merri for pushing me to get some action going!
The free promos really get things going, and seem to reignite sales.
Two more in the works – both on gardening topics. Best wishes for 2013 to you and Merri. Love, Nicki
What a joy seeing how helping and connecting people helps self publishers create their own special success. How beautiful to see friends turn their passions into profit!
Nicki learned at the camp that getting these downloads is step three in a seven step process. We (and others) have been helping Nicki and our delegates walk through these steps so they can earn income through writing and publishing again and again.
Nicki is now well on her way to wonderful self publishing success. She just completed her fourth book in a totally different genre gardening. This book is “Under Cover Gardening”.
She used the three day writers program to apply to marketing her Kindle books. Read about Nicki’s new book here.
Nicki wrote: Gary: My book was downloaded exactly 6000 times during the 3 days, and is selling around 5 per day right now. I’m very pleased with the results – three 5* reviews so far. Nicki
Chances are that most books you write will not be a best seller. However Nicki’s books show the process that you use to create a steady income as you build inventory. She is publishing numerous books in each of the genres she loves. This creates extra income and added inventory.
To sum this up… you can use our course to learn the importance of writing for your niche, even though it may be unusual.
You can also self publish at any age. A number of our friends who have used our writers course to self publish are in their 70s and 80s.
Here is how we can serve you.
Merri and I have had a long career in writing and self publishing.
You can write in numerous ways on a hobby, sport, profession or any interest you have. What do you love? Rare cars? You can earn writing in the genre you love. Do you prefer fine art? Or do you love beautiful jewelry, coins, gems, real estate, furs, model railways, dolls, scientific equipment, war memorabilia, old and rare books, or whatever?
Do you prefer social subjects rather than objects? Are you concerned with the environmental problems, with crimes, war, poverty? Would you like to help wipe them out? Each of these offers opportunity in publishing.
Are you a golfer? Do you love to travel? Why not make the kinds of money I’ve just mentioned publishing reports about golf courses all over the world?
Would you like to help the world be a more spiritual place, help people get along better together?
You can do something good for the world, increase your income in the process and live wherever you please!
Writing can also help you travel, even have an international lifestyle so you can live anywhere and still earn everywhere. This is especially valuable if you love to travel. For example, one shrewd writer realized that Panama was a great place to live and published information on Panama.
Other writers reaped rich rewards selling information on their own country. Merri and I, for example, lived in Europe for years, then fell in love with Ecuador for 15 years. We earned by writing about our experiences there.
Now in our 70s, we live in Smalltown USA. We love the peace and quiet, are closer to our children and grandchildren. We still write (and publish) about what we love and are doing! In each phase of our lives, the idea of tight focus has allowed us to move and live where we desired.
Imagine what writing means if you love to travel. Part of every trip you take can be tax deductible! You can honestly write off every trip that is related to your publishing business. Every journey can become a research oriented adventure and a tax deductible event.
Many benefits come in the form of reduced tax. As a writer, you’ll have one of the most respected and tax protected businesses in the country. Other benefits come in the form of legal protection. Publishers are protected by the U.S. constitution. You do not need a license to publish. There is no government watchdog nor do you have bureaucratic red tape involved in publishing. The biggest benefits are the freedom, the independence to work wherever you choose in any field you desire.
May I introduce you to our course, “SELF-FULFILLED – How to Be a Publisher to Sell”.
Pay any amount you can afford.
Merri and I created an entire system to help our readers have their own writing business. This system is unique because my wife, Merri, and I are unique. We started our self publishing business together. Since we’re almost recluses, we decided to do the whole business by ourselves. We began working at home. Today, though we have tens of thousands of readers and have made millions, we still work at home and do not employ a single person. When we switched to online publishing we added one business partner, our webmaster, who created and runs our website. You’ll can learn how to do this in the course I am about to introduce.
The course teaches all you need to know on how to start and run your own writing and self publishing business by yourself. The first lessons in the course answers your questions and get you started!
This course can put you well on your way to publishing to sell and give you the freedom to live wherever you choose! It covers numerous income producing secrets:
Secret #1: How to gain 1,000% returns. See why some of the wealthiest families in the world today come from publishing. Learn how margins can be so incredible that few would believe them. This online course contains many case studies. Case Study #3 for example shows one publisher who sold an idea delivered on one photocopied page. His cost was only three cents, his selling price $12.50!
Secret #2: How to create and market your product or find products to sell. Learn 11 steps in creating the perfect product. Understand how to review ideas, test focus, aim at markets. See why you don’t have to write anything if you don’t want to! Learn where and how to get your data and get others to write for you almost FREE.
For example, the course shows how one friend, before the Internet, never wanted to write and decided instead to publish on cassette tape. He later switched to webinars. He started part time and built a career that brought in millions and brought him to know some of the most interesting people. Now of course publishers who do not want to write can use the internet.
Learn how marketing is the key to successful publishing and how to turn pennies into dollars with good marketing focus. Gain samples of winning marketing pieces. Learn 21 frequently committed marketing blunders and what to do about each.
You’ll learn how to turn advertising dollars into a fortune. How to create your own ads. When to use classifieds, space ads, direct mail or word of mouth. See how to build a PR list and get thousands of dollars in free publicity. I share my most secret results on recent mailings so you will know why sometimes you sell more units of a publication at $49 instead of $29. I show how one couple used ads about retirement to supplement their retirement income and get free trips all over the world.
Secret #3: When to print, how to print and when to go online only. How to print and fulfill. Learn how to cut your printing bill in half by asking for quotes differently. Learn tricks of the trade, how to get the best quality at the lowest price, why to avoid the biggest printer in town and why to avoid the franchise printers.
Secret #4: How to compute and use the Internet. With an inexpensive computer, you can easily run a business from home and still have tons of time left over-even if you are computer illiterate. Merri and I have proven this! The secrets in the course include a step-by-step approach on what to do. Our partner, the internet expert includes what you need to know for online publishing.
The course contains information on how to use computers and the Internet for your publishing business. For example you will learn how I have eliminated hundreds of thousands of dollars of printing and postage by switching all of my business onto the net.
We unlock all the secrets of publishing so you can have increased lasting income and reduced taxation. This course is perfect for those with great computer skills and can help you learn how to focus these skills into a profitable publishing business.
See how when we reached retirement age, we slowed down our self publishing business but still earned $2,404,725.98, tax free, over the next ten years.
However, the course also helps computer illiterates like myself and shows how to get your computer work done with no upfront cost.
I have created this course in an easy to understand style. Everything is explained what to do in vivid detail. We share all, how we have done it ourselves. The course is full of publishing ideas and case studies. You’ll learn about a pilot who published a book on the best airport cafes. All his flying became tax deductible!
You’ll see how one couple who loved an island wrote a guide on the place and made enough to buy a home on the beach there.
Another made millions with one simple legal idea.
I give names, resources and addresses of contacts in marketing, printing, plus attorneys, accountants, Internet whiz kids who can give help.
This course is not theoretical. It describes on a step-by-step basis, how Merri and I built a million dollar international business in just 7 years and how you can do the same.
The course is designed so you can get your own writing, self publishing business going, full or part time right away. I’ll explain how and why by sharing one other amazing experience that makes this special offer available for you now so you can have the course for pennies on the dollar.
I have previously exposed this idea only to my readers and never to the general public. We conducted a course charging $2,000. Here are raves from delegates who have used our course.
For example, one delegate, a publisher from California said: “Your publishing course is outstanding! Just two hours of study on Sunday alone were worth more than the price.”
An engineer from Ohio wrote, “Basically, I learned how to be a publisher, especially the selling and marketing implications. The course is absolutely worth the cost!”
A retired railway worker from Michigan said, “Your course opened my eyes to the merits, profits, and prestige of becoming a publisher, particularly the idea of publishing in Canada for distribution in the U.S. (for total tax protection).” An employed couple from New York wrote, “We found the course interesting and informative. We were inspired to start work on a booklet. When we came down, we had no idea on what to publish.” And an attorney from Germany stated, “What I like most is that it is a nuts and bolts course-not pie in the sky.” While a business woman from Atlanta exclaimed, “It was great going through your steps, being 100% honest without fear of giving trade secrets since you have paid the price (to gain this knowledge).”
Merri and I have been overwhelmed by how much the course helped so we conducted another course and recorded it. We then reproduced it in written form so it can be delivered entirely online at a huge reduction. Though many readers have paid up to $2,000 for this course in person, we developed a course online that is only $299.
During this special however Boomers can pay any price they feel they can afford.
Here are some of the lessons you will learn in the online course:
Lesson #1: A Day in the Life of a Publisher. See how you can start with only a very small amount of money, work as little as four hours a day (if you are operating full time) even less if you start part time. Learn how two of my publishing friends, one an M.D.-the other a pilot ran their own money letters. This gave them incredible tax protection, took them on many free, exotic trips, widened their perspective and field of friendships, helped them keep the money they were making in their fields and gave them a backup business that they loved for retirement.
Lesson #2: How to Create Your Product. Learn 11 steps in creating the perfect product. Understand how to review ideas, test focus, aim at markets. See why you don’t have to write anything if you don’t want to! Learn where and how to get your data and get others to write for you almost FREE.
Lesson #3: How to Choose Your Format. Some ideas are timeless and can be sold in a book for years on end. Others are better in a magazine, newsletter or other periodic publication. Some products can just be lists, simple one page photocopied ideas or names and addresses. Understand when to print, record (on audio or video) and when to transfer through the Internet. Learn how to choose the format that suits you, full or part time.
Lesson #4: How to Publish to Sell. Learn how marketing is the key to successful publishing and how to turn pennies into dollars with good marketing focus. Gain samples of winning marketing pieces. Learn 21 frequently committed marketing mistakes and what to do about each. Know where and when to advertise (such as never near Easter-Christmas is OK).
You’ll learn how to turn a few advertising dollars into a fortune. How to write or have ads written. When to use classifieds, space ads, direct mail or word of mouth. See how to build a PR list and get thousands of Dollars in free publicity. Learn the tricks of the Internet to easily focus and capture a market there.
Lesson #5: If You Print-How to Print? Did you know that you can reduce your printing bill by half just asking for a job in the right way? Learn all the tricks of the trade, how to get the best quality at the lowest price, why to avoid the biggest printer in town and why to avoid the franchise printers. Learn how to choose the right graphics, correct paper, envelope, style, letter fonts. When on demand printing is best. Every Secret is included.
Lesson #6: How to Fulfill. This session is a practical guide on how to administer your business. How to set up a computerized fulfilment system, get local families to do all your work for you and run your business (if you wish) from your home. Learn how and why to use low and variable overheads, yet give one day turn-around delivery. Learn when to choose delivery services, to fulfill yourself or build your own system…or when to simply fulfill via the Internet.
Lesson #7: How to Finance. Learn all you’ll need about the financial end, of the business, how to control physical or online inventory, keep overheads down, check ad results, get 30 day free credit and stay on top of your business. Learn 11 hazards to avoid and tricks to stay profitable without a daily accountant. The course and manual contain all these secrets and more. The computer/internet workshop personalizes the knowledge so you can get started.
Who is This Course For?
This course is for those who would like to write to make a difference, for fun and profit but also helps business people, brokers and professionals, insurance agents and marketers who want to enhance their existing business or build a second source of income.
This course is for individuals and couples. You can order the course but your entire immediate family has permission to use it. We include those who want their own business or who want to have a business together or a family business. Business people or professionals who want to add an extra profit center to their business or who want to change their business entirely will benefit. Those who want more control over their career should take this course. Plus those who love travel and want to turn their trips into profitable tax deductions!
during this limited special Boomer offer We are giving away every business secret we possess and expect those who use it to reap fortunes in extra income, tax savings or expanded business. We expect this knowledge will change your life for the better. You’ll gain extra income, more fun, adventure, friends, freedom, independence and prestige too.
You receive a complete manual provided by me, Merri and our webmaster, David Cross (who teaches the internet aspects of publishing).
Though many readers have paid up to $2,000 for the in person course, and tens of thousands paid $299 for the online course… you can pay whatever you can afford.
You could not duplicate the computer and Internet knowledge for $2,000. It covers what you need to get on the Net, how to use the Web to publish, how to define your Internet market, how to develop your site, target your market and start getting visits, the top ten Internet tips to use, the top ten traps to avoid, and many other lessons our Webmaster has used in his 20+ years on the net. In many cases your tax savings will be five to ten times the cost of the system alone, plus you will learn how to gain thousands of FREEBEES and earn hundreds of thousands a year.
Our publishing business has brought us more wealth, satisfaction, fun and friendship than I imagined possible. It has brought so much to my life, I would like to help everyone be in publishing and I hope you are one with whom I will have the pleasure sharing this exciting and profitable way of life!
Whether you are retired, an investor, chiropractor, doctor, dentist, professional or already own your own business, this offers another way to make money, to turn your passion into profit. We guarantee to share all we know to help you start and run your own publishing business.
Price is no longer a consideration.
Don’t miss this opportunity. Sign up with this special Boomer offer. If you are a Boomer, you can decide how much to pay for our special Boomer Self Publishing course.
Choose below to pay any amount. We’ll send a specially adapted course “Self Fulfilled – How Boomers Can Write and Self Publish”.
Here is what to do. If you’re not sure whether you really want to have a publishing business, consider the ways that such a way of living can improve your life.
Then look at this no risk guaranteed offer.
Our guarantee is that you can pay any amount you feel you can afford.
Tens of thousands of readers have ordered our self publishing course for $299, but if you are a Boomer (born between 1946 and 1964) you can decide how much you wish to pay for the course. Any amount will do. Order “Self Fulfilled – How Boomers Can Write and Self Publish Sell. Just fill in any price you feel you can afford.