Federal Reserve Announced Household Worth Drops…What Will You Do About it?
So what is household worth? Household net worth is the difference between the value of assets and liabilities. The Federal Reserve announces household worth dropped during the third quarter of 2011 by $2.4 Trillion. Here’s what Politico.com had to say about the Federal Reserve’s Announcement:
Federal Reserve Announces Household Worth Dropped | The Fed’s Data
Here are some scary statistics from the Federal Reserve:
- The Fed’s newly released data indicate that since the second quarter of 2011, Americans saw declines in the value of corporate and foreign bonds, corporate equities, mutual fund shares and pension funds.
- For example, the value of pension fund reserves fell $930.9 billion since the second quarter, while assets in corporate equities dropped $1.5 trillion.
- The third-quarter report also shows household debt declined at an annual rate of 1.25 percent in the third quarter in continuation of the contraction that started during the third quarter of 2008. Mortgage debt fell at an annual rate of 1.75 percent.
- At the end of the third quarter, the level of household debt outstanding was $13.2 trillion. Domestic nonfinancial debt outstanding was $37.8 trillion, nonfinancial business debt was $11.5 trillion, and total government debt was $13.1 trillion. http://www.politico.com/news/stories/1211/70119.html
Anyone really impressed with the job the Federal Reserve is doing running our economy?
Federal Reserve Announces Household Worth Dropped | Mike Dillard and the Elevation Group
We have been going through the largest transference of wealth in history since 2008, just as Mike Dillard and the Elevation Group had predicted. Here in this video, Mike Dillard speaks with Paul Haarman about the shift in the economy.
Mike Dillard and the Elevation Group has released their first of 3 videos commemorating their 2011 Year in Review and celebrating their one year anniversary. Their first video, titled ’What to Expect 2012’, will go back and look at the predictions he made in 2008 and see how he’s fared on those predictions as well as provide his predictions for 2012 and is now available through Black Box Social Media.
Your ability to acquire wealth will be determined by your ability to obtain the single most valuable asset that anyone can possess… and it’s not gold or silver or currencies or real estate or oil… it’s information. It’s knowing and understanding what’s going to happen to the major financial markets around the globe, when it’s going to happen, and using that information to position yourself for security and for profit. Your decisions based on the information that you possess will determine the financial outcome for yourself and for your family.
Many people saw their financial fortunes dwindle in 2008 because they ‘outsourced’ this family financial planning to ‘experts’ (who were really just paid sales people) working for mutual fund companies. This lack of responsibility for their own financial well being caused many people to lose a large percentage of their retirement funds. I watched my family and friends who were part of the Baby Boomer generation literally lose most of their retirement savings in 2008 because they blindly followed the masses and put their money into the stock market.
Will history repeat itself? The world is about to be engulfed in a tidal wave of debt that will cause hyper inflation. This tidal wave will continue to decimate the stock market and anyone who has their money in it. Will you be better prepared this time? Do you know your options? Do you know when to move your money? If the answer is ‘no’ then you must take control of your financial destiny and watch these videos.
You see, these ideas that Mike Dillard and the Elevation Group teach are nothing new; their just secrets that have been hidden from the masses. Miked Dillard and the Elevation Group have had the unique opportunity to talk to the ultra rich and find out what they’re doing with their money. Now he’s exposing these secrets so that the average person can participate.
To watch Mike Dillard and the Elevation Groups 1st video ’What to Expect 2012’, please visit www.blackboxsocialmedia.com/what-to-expect.