• About
  • Contact
  • Give
Newsletter
NOQ Report - Conservative Christian News, Opinions, and Quotes
Monday, February 6, 2023
  • Home
    • About
    • Give
  • News
  • Opinions
  • Quotes
  • Around the Web
  • Videos
  • Podcasts
No Result
View All Result
  • Home
    • About
    • Give
  • News
  • Opinions
  • Quotes
  • Around the Web
  • Videos
  • Podcasts
No Result
View All Result
NOQ Report - Conservative Christian News, Opinions, and Quotes
No Result
View All Result

The Massive Wealth Transfer That No One’s Talking About

It behooves those with wealth or retirement to protect to look at both savings and revenue as considerations to adjust in today's highly volatile market. This article explores the latter.

by Ken McElroy
July 3, 2022
in Opinions
Precious Metals vs Real Estate

NOQ Report Is Moving to AmericaFirstReport.com

Editor’s Commentary: The real estate market is in a state of flux. We recommend physical precious metals as a proper hedge against inflation, but more importantly as a way to protect wealth and retirement. So why would we post an article that argues for renting out property instead of buying precious metals? Because while there is usually more than one way to skin a cat, it makes sense for people with appropriate wealth or retirement to diversify whenever possible. In other words, protect your savings with precious metals and consider advancing your revenue with what Ken McElroy from our premium news partners at The Epoch Times recommends below.


While inflation and skyrocketing rents have been grabbing the headlines, there’s a bigger story that’s going on. With the poor and the middle class being forced to pay more at the grocery store, the gas pump, and to their landlords, they’re lining the pockets of the wealthy. There is a huge wealth transfer occurring right now.

While you may dismiss this as business as usual, right now that business is on steroids. Let’s take a look at what’s happening, and what you can do to safeguard your money.

One of the major ways that wealth is being transferred from the working class is in the labor market. Over the past 20 years, large U.S. companies have been outsourcing jobs at a fast pace. Roughly 4.5 percent of American jobs are outsourced every year. In 2021, when the United States created a record 6.4 million new jobs that were based domestically, it also outsourced about 300,000 jobs to other countries.

While giant corporations can save money this way, paying overseas employees far less, the net result for Americans is increased unemployment.

Outsourcing is especially common in the IT sector. The technology know-how in India and China is comparable to that of the U.S. labor pool, but it’s a lot less expensive to hire workers overseas. India is especially appealing to U.S. employers. The country has been rapidly modernizing in the digital age. The entire population of India is 1.38 billion, and 500 million of those people are online. As a nation, India is likely to remain a competitive talent pool for American companies for years to come.

Meanwhile, Americans are paying a fortune just to fill up their car to get to work. As of this writing, gas prices hit a national average of $5 per gallon and are expected to only move higher, an increase of about $3.07 from a year ago. According to Moody’s analytics, the average U.S. household is spending $160 more per month on gas than a year ago.

While the war in Ukraine has upended operations for companies like Exxon Mobil and Shell Oil, who have exited operations in Russia, they have passed their financial losses onto the customer. In fact, now would be a great time to invest in oil. Shell’s net income rose from $5.8 billion in the first quarter of 2021 to $7.3 billion in the same period of 2022. British Petroleum posted its highest quarterly profit in the first quarter of 2022 at $6.2 billion, compared to $2.6 billion a year ago.

There are many conclusions to draw from this, but what jumps out to me is that when there’s an increase in the cost of doing business, it gets passed on to the customer.

With gas prices rising, it’s expensive to go anywhere.

Prepper Meds – Stock up for now before the supply chain crashes:
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Get ahead of shortages with 5 Antibiotics Delivered to Your Home
✔️ Detox your body with Organic Supplements

Meanwhile, for renters, the cost of staying home and doing nothing has also gone up. Rents have soared in pretty much every market.

Places that never would have expected a huge influx of residents, like Boise, Idaho, have seen a massive influx of new residents and rent increases. The average rent in Boise is now $2,085 per month, an increase of 33 percent year over year. In Phoenix, Arizona, it’s the same story: rents have shot up about 30 percent in the past year. If you’re a rental property owner, this is great news. If you’re renting, this is another financial pressure.

We know that wealth is being transferred from the bottom to the top of the economic ladder, so you might be wondering what you can do to ensure that you’ll be able to maintain your own solvency.

As someone who grew up working class, I can tell you that the best possible way to hold on to your money is by investing in real estate. I have been investing in real estate for over 30 years, and I started with nothing. Today I own numerous multifamily rental properties, and the beauty of real estate is that it has always acted as a strong hedge against inflation.

The way this works is that the mortgage on the property has a fixed rate, while the longer you hold your property, the more you can charge your tenants.

For many, the money for a down payment may be out of reach. However, I would urge you to get creative and find a way to make it happen, whether it’s your primary residence or a rental property. One solution that’s been popular with younger homeowners is buying a home with a friend or friends. While it may not be ideal, I believe that this wealth transfer will continue.

One of the basic principles of my friend and mentor Robert Kiyosaki’s book, “Rich Dad, Poor Dad,” is that the rich don’t work for their money. Unfortunately, the opposite is true for millions: that they’re working hard to stand still. If you’re one of the many who are just getting by, I hope this will spur you into action.

It behooves patriots to acquire physical gold and silver or make the move to self-directed precious metals IRAs from America-First companies that do not donate to Democrats. Go to Our Gold Guy for the personal buying experience with Ira Bershatsky. Go to Genesis Gold Group, a Christian fellowship-driven precious metals company. Or go to GoldCo for peace of mind from a bigger company.



They’re Trying to Shut Us Down

Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.

For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.

Thank you and God bless!

JD Rucker

Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.

Why We “Moderate” a Commentor’s First Post

Tags: EconomyReal EstateRentingThe Epoch TimesTop Story
Previous Post

City of Orlando Trashes America in Fourth of July Message, Later Does a 180 in Ridiculous ‘Apology’

Next Post

What Have Fourth of July Shortages Got to Do With China?

Bypass Big Tech Censors



My Shows

The JD Rucker Show (Rumble)
The JD Rucker Podcast (Apple)
Red State Talk Radio (M-F 2pm ET)
America Out Loud (M-F 7pm ET)
America First Report (Substack)
The Late Prepper (Substack)
End Medical Tyranny (Substack)

Our Sponsors

 
MyPillow Promo Code

MyPatriotSupply

Z-Stack Life

Precious Metals

Shows

Vaccine-Hesitancy, Ukraine Biolabs, and Jason Nelson Exposes the World to the Chicken and Egg Crisis

Laura Loomer and Why the GOP Establishment Must Be Taken Down

Kristi Leigh: How Corporate Media Sells False Narratives

Mike Pence, Volodymyr Zelensky, and the Failing Deep State

The Bold Conservative Christian Worldview of Bryson Gray

Dean Cain, Jonathan Rose, Kari Lake, and Davos on The JD Rucker Show

Edward Dowd Reveals Who He Thinks Is Behind "Vaccine" Turmoil (Hint: It's NOT Big Pharma)

More People Are Dying Suddenly and 'Normies' Are Finally Taking Notice

Are the Masses Finally Waking Up to "Vaccine" Dangers?

Bypass Big Tech Censors

RSS The Federalist

  • Jill Biden’s Frumpy Grammys Dress Is Not ‘Stunning’ Or ‘Brilliant,’ It’s A Sign Of Civilizational Decline
  • Here’s Everything Biden Won’t Tell You About The Disastrous State Of Our Union
  • The Hamilton 68 Twitter Op Is More Proof The Managerial Class Opposes The American Founding
  • Joe Biden Tees Up Kamala 2028 With Changes In Primary Calendar As Her Popularity Sinks
  • How Biden And His Media Allies Turned A Threatening Chinese Spy Balloon Into A Political Feud

RSS The Blaze

  • Migrants fed up with NYC crime flee to Canada with taxpayer-funded bus tickets
  • Top military commander confirms key detail that Pentagon official omitted to incite criticism against Trump
  • Abducted siblings found more than 1,000 miles away with their 'non-custodial mother,' who was in disguise: Police
  • HS swimmer, 16, disqualified after race reportedly over US flag on swim cap deemed too large; it was meant to honor granddad who died in 9/11 terror attacks
  • MacIntyre: Sam Smith reveals the death of transgression

RSS PJ Media

  • Was an Anti-Trafficking Protest in L.A. Legit or Political Theater?
  • You're Invited to a Very Special Event That VodkaPundit May or May Not Survive
  • Is Your Child Being Forced to Sit Through 'Silent Lunch' at School? You'd Better Find Out!
  • Singer Sam Smith Paid Tribute to Satan at the Grammys, and Zzzzzzzzz
  • Woke Fail: Pakistan Bans Hard-Left Wikipedia as ‘Anti-Islam’

RSS National File

  • Alabama Woman Admits to Killing Child Who Was Playing on Her Property
  • Soros-Funded Albemarle County Prosecutor Let DC Metro Shooter Go on Violent Charges
  • ‘This Is Deeply Immoral’: Croatian President Criticizes NATO’s Handling of Ukraine War
  • Man Runs Over, Fatally Stabs ER Doctor While Yelling About ‘White Privilege’
  • Exclusive: ‘Trans Kids’ Henrico Teacher Revealed as Antifa Member Who Wants to ‘Kill’ His ‘Enemies’

RSS Townhall

  • A Reply to Eric Metaxas’ “Letter to the American Church”
  • Count Out Trump at Your Peril
  • America's #1 Geo-Political Foe...China
  • The Ballooning Chinese Racial Hubris
  • The Pushback Against Gender Ideology Proves Conservatives Can Win The Culture War

RSS RedState

  • Big Trouble in Kamala World as the Knives Come Out
  • The National Right to Work Foundation Weighs in on Dept. of Labor's Efforts to Rescind the Election Protection Rule
  • ABC News/WaPo Poll: Record 4 in 10 Americans Worse off Financially Since Biden Took Office
  • Guest Op-Ed: I’m a Pro-Life Black Conservative Who Sees Himself in Tyre Nichols
  • Prager U and Charlie Kirk Are Fending Off Another Cancelation Attempt by a College Faculty
  • About
  • Contact
  • Give

© 2022 NOQ Report

No Result
View All Result
  • Home
    • About
    • Give
  • News
  • Opinions
  • Quotes
  • Around the Web
  • Videos
  • Podcasts

© 2022 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>