I have been following Mike Maloney, the author of the book ‘Rich Dad’s Advisors: Guide to Investing in Gold & Silver – Protect Your Financial Future’ for a while now. He is very knowledgeable not only on gold and silver but wealth cycles on a whole; which is a very interesting subject.

Just like this video below, Mike’s book is a must read and I totally recommend it. His style, as you will see in the video below, is frank, direct and logical.  So if you are interested in protecting your finances and assets, as well as understanding why the economy is in the mess that it is, then you need to watch this video…Today!

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Yesterday I was reading an online article about the UK property market and how it is set for the biggest slump in 50 years. Then this morning reading my daily dose of Money Week the key article happened to be on property – ‘Britain’s housing market is an unexploded economic bomb’, in which, according to Halifax, ‘Uk house prices saw their biggest fall in 18 months in April’.

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Judging from the pomp and old skool glory of the Royal Wedding last Friday one would deem that Britain was still ‘great’ as in ‘the sun never sets on the empire’ great! When in actuality it is broke! It is no longer ‘Great Britain’ but ‘Austerity Britain’.

With the cost of security for the Royal Wedding added to the country’s already severe budget deficit, a number of articles estimate that the cost to the taxpayer will be in its millions. How that will affect the already economically squeezed Briton, what with ‘Tax’ and ‘Inflation’ sitting on either side of them, is simple a question of time.

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Gold, as you know, is a hedge against inflation, which in the UK stands at 3.5%; 1.5% above target. It is the oldest currency in the world, and now that I understand what money is and how it works, I appreciate why it is.  Gold preserves your money, your assets! And will always do so. Full stop!

‘No paper currency’ Tim Price writes in this week’s Money Week ‘has ever persisted. The fate of all paper currencies is to deteriorate over time towards their inherent value, which is nothing.’ This statement is backed up in the following video ‘The Demise of the British Pound through Monetary Inflation’,

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Some people keep up to date on celebrity news, sports news, entertainment news and general news; I in contrary keep an eye on the economic news. Why, because in order to become financially savvy one must understand what plain one is working on. As the saying goes forewarned is forearmed.

In the last several weeks the headlines that have popped out at me are as follows –

• Hard times ahead for 3 more years (Daily Mail – 27.01.2011)
• Economic outlook is bleak indeed. We can put through but only if our leaders have courage enough to tell us the truth (Daily Mail – 27.01.2011)
• A fifth of university leavers are out of work (Daily Mail – 27.012011) – see my post on students and jobs here.
• Debt crisis could tear up Europe, says Soros (Daily Mail – 27.01.2011)
• Property – the Achilles heel of the financial system  (Financial Times – 27.01.2011)
• Young fret over money woes (The New York Times – 31.01.2011)
• Sudden uprising in Egypt unsettles global markets (The New York Times – 31.01.2011)
• Age of the part-timer: 200,000 jobs were created last year. Only 3 per cent were full-time (The Daily Mail – 01.02.2011)

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Due to the current global economic crisis the subject of pensions and savings on a whole, have been in and out of the media on a consistent basis, and with the talks of inflation and whether the Bank of England is going to increase interest rates again and the consequences of that, the consensus is that the idea and structure of a pension and with it the signification of retirement is no longer viable in the 21^st Century.

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