Thoughts and perspectives

I could fill this article with additional negativity about the global economic condition, but I won't. Briefly, the euro fell again against the dollar on Thursday last and the bond markets in Italy and Spain are weak and European banks are printing money like never before. All is a disaster that is waiting to blow the lid off their economy.

But, we have similar poor economic news here in the Unites States. Our debt is still mounting and we are going to have to raise the debt limit again by the end of the year. But will we, or are we going to finally bite the bullet and do the right thing? We will, in my opinion, finally have QE 3 upon us shortly. We would have had that in place by now, except we printed so much cash recently we actually shored up the markets so far this year. I believe that bubble will trigger a market collapse and I will discuss that in Tuesday's article.

I host a seminar this week. Three dates remain on the schedule. The ad is on this page. Let me give you several reasons to attend. You now know that your tax liability will increase in January. If you are a senior, you stand to loose government benefits, and for a portion of us we will now be forced to buy medical insurance. Inflation again will rise and gas taxes will find their way back up again. If the situation in the Persian Gulf escalates (which in my opinion it will) our prices at the pump will rise again.

If your taxes are going to rise, why wouldn't you explore different ways to defer them for a longer period? Why wouldn't you want to learn the alternative to a taxed retirement plan that could provide a lifetime income tax-free? If your nest egg is the IRS's cash cow, like most retirement plans are, why would you feed your savings and retirement monies to the bureaucrats who will spend it unwisely for you? Even the current debate here locally in Kootenai County about the proposed Unified Land Use Code change will cost you tax dollars. Why don't you simply pick up the phone, call the toll-free number and reserve space for one of the three remaining seminars? You might surprise yourself what could be available to you and your family. If you had a fund that never lost its principal and grew every year, wouldn't that be better than what you have and are going to experience in the years ahead? Join the crowd that sleeps at night. Create your own bailout. Take charge of your assets like never before. See you this week.

Jack Schroeder is a licensed insurance agent in Idaho and Washington residing in Post Falls. He can be reached at (208) 773-2507.