Biden, MIT, Gates Foundation, & 77 Govt’s - Ignite Financial Shock? || January 13

“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist)… [logo]( [slogan] [slogan] [divider] n the case of an asset purchase, you may eventually think of reselling the item, so the ease and/or costs of doing so may figure into your prebuying evaluation. You may decide to go with a “better” product—a more recognizable or popular brand, for example—that may have a higher resale value. You also need to consider the market for used or preowned products: if there is one, how liquid the market is, or how easy it is to use. If the market is not very liquid, then the transaction costs of selling in the used product market may be significant, and you may be disappointed with the result. The more choices you have, the better your chances of finding satisfaction. The more products there are to satisfy your need, and the more attributes those products offer, the more likely you are to find what “works” for you. Sometimes you need to be a bit creative in thinking about your alternatives, especially with limited resources. Sources of product information include the manufacturer, retailer, and other consumers. Certain information must be provided for certain products by law. For example, food ingredients must be labeled, and perishable products dated. Appliances almost always come with operating and care instructions that can give you an idea of their ongoing maintenance costs as well as operating features. Dear Reader, Has President Biden’s new executive order… Alongside MIT, 77 global Governments, The Gates Foundation, UNICEF, and The Clinton Development Initiative… [Ignited a historic $40 trillion transfer of wealth from the middle class, to the rich?]( In markets where vendors are so plentiful that your problem is filtering rather than finding information, there are middlemen to provide that service. An example is the budget travel businesses with Web sites that make it convenient to research and buy flights, rental cars, and hotel accommodations. Middlemen or brokers2 exist in markets where they can add value to your purchasing process, either by providing information in the prepurchase stage or by providing convenience during the purchase. The more they can reduce the cost of a “bad” decision (e.g., a difficult flight schedule, an expensive car rental, an uncomfortable hotel accommodation), the more valuable they are. They can add more value in markets where you have too little or too much information or less familiarity with products or vendors. Generally, the more expensive the product or the less frequent the purchase, the more likely you will find a middleman to make it easier. Some products have a “new” and a “used” market, such as durable goods and some consumer goods like textbooks, vintage clothing, and yard sale goods. Evaluating the quality of a used or preowned product can require more research, information, and expertise, because the effect of its past use on its future value can be hard to estimate. Used products are almost always priced less than new products, unless they have become “collectibles” that can store value. The trade-off is that used products offer less reliable or predictable future performance and may lack attributes of newer models. [Joe Biden]( Mary lives on a dirt road in a rural area; she drives about 18,000 miles per year, commuting to her job as an accountant at the corporate headquarters of an auto parts chain and taking her kids to school. She is also a pretty good car mechanic and does basic maintenance herself. John lives in the city; he walks or takes a bus to his job as a market researcher for an ad agency, but keeps a car to visit his parents in the suburbs. He drives about 5,000 miles per year, often crawling in traffic. All John knows about a car is that the key goes in the ignition and the fuel goes in the tank. John and Mary would rate these attributes very differently, and their scoring of the same models would have very different results. Mary may value fuel efficiency more, as she drives more (and so purchases more fuel). Driving often and with her children, she may rank size, safety, and entertainment features higher than John would, who is in his car less frequently and alone. Mary relies on the car to get to work, so reliability would be more important for her than for John, who drives only for recreational visits. But Mary also knows that she can maintain and repair some things herself, which makes that less of a factor. Billionaire Stanley Druckenmiller says: “This is the biggest redistribution of wealth from the middle class and the poor… to the rich, ever” Newsweek says… “[This] Will Be The End of American Freedom.” And HuffPost says… “[This] Is Making The Rich Richer and Leaving You Behind” One of the nation’s leading economists (Nomi Prins) traveled to Delray Beach, Florida to [uncover exactly what’s happening and what this means for your money.]( She says: “This is NOT a historic crash… it’s NOT inflation… it’s FAR worse… A reshaping of our global financial system has ignited a $40 trillion transfer of wealth from the middle class to the rich… that could forever split the entire nation into two groups… [‘the new rich’]( or [‘the new poor’]( — you will have to make a choice.” [Click Here To Watch]( [Video preview]( [editors-note] [slogan] A special message from the Editor of Old American Broker: We are often approached by other businesses with special offers for our readers. While many don’t make the cut, the message below is one we believe deserves your consideration. Because debt is long term, the lender is exposed to interest rate risk, or the risk that interest rates will fluctuate over the maturity of the loan. A loan is issued at the current interest rate, which is “the going rate” or current equilibrium market price for liquidity. If the interest rate on the loan is fixed, then that is the lender’s compensation for the opportunity cost or time value of money over the maturity of the loan. If interest rates increase before the loan matures, lenders suffer an opportunity cost because they miss out on the extra earnings that their cash could have earned had it not been tied up in a fixed-rate loan. If interest rates fall, borrowers will try to refinance or borrow at lower rates to pay off this now higher-rate loan. Then the lender will have its liquidity back, but it can only be re-lent at a newer, lower price and create earnings at this new, lower rate. So the lender suffers the opportunity cost of the interest that could have been earned. Why should you, the borrower, care? Because lenders will have you cover their costs and create a loan structured to protect them from these sorts of risks. Understanding their risks (looking at the loan agreement from their point of view) helps you to understand your debt choices and to use them to your advantage. [editors-note] From time to time, we send special emails or offers from 3rd party websites to readers who chose to opt-in. To not miss out on any of our emails, be sure to [whitelist us.]( [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe]( (c) 2023 Old American Broker. All Rights Reserved. 575 Madison Ave, New York, NY 10022, USA [logo footer](