How soon will the world's financial system collapse?

Kia Ora,

Despite the news continually saying there is a recovery, the financial crisis continues & the more they manipulate it the worse the final outcome, based on history, will be.

There are opportunities jumping out everywhere right at present. If you have huge dreams then right now if you can get yourself set up it is the time when you can achieve them.

Yet the powers that be are implimenting more laws, taking more control & preventing people talking about what actions to take or what is coming.

This will be the last blog I put out on this subject as it is my opinion & latest NZ law to come in next week disallows you to give advice (in other words an opinion) on financial matters unless you have their appropriate qualifications.

This is just following the route taken by others, in the guise of making things better as people ask for it, they impliment a system that manipulates to the way those controlling the financial world want.

For example as some commentators have said the tax system in the US was introduced as a way to tax the Rich, but in effect it set up the system to tax the masses, with get out clauses for the rich as they keep an economy moving.

This happened again some say in 1986 when they put in place new tax laws hitting those that owned investment property. The only people it really hit were those who did not invest in cash flow positive property or in the main self employed such as Dr's & lawyers. This when looking at it is similar to the new investment property tax laws just been enacted in NZ.

Hard times in the economies also mean those in authority start to hit those actions that in the past they turned a blind eye too.

For example here in NZ in the last few days, due to the out come of a court case it is quite clear now that the tax department (IRD) are now targeting small businesses & individuals that they think have tried to not pay the maximum tax.

It was something IRD made quite clear to me when I first started moved from sole trader to a limited liability company. I must pay myself a wage. Yet most small businesses will tell  you they never have a wage.

The same with the companies act. Under that act you must act in the best interest of the company, not the shareholders or employees, yet that only is acted upon when the economic climate turns for the worse.

All this is part of the transfer of wealth & power

 But like in the financial education each person has to take the action themselves to find out what the real truth is.

You are hearing more & more on the street people saying they know that things are not getting better despite the talk of recoveries.

Each of us has to prepare in their own way & ensure they are set up to whether the worst of what is to come.

How do we know? Again by looking at history.