Posted by Joe Bert, CFP®, AIF®
“Write Down This Date: July 1st, 2014. On this date, U.S. House of Representatives Bill ‘H.R. 2847’ goes into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare…” – Stansberry & Associates Investment Research LLC.
This week I had a long-standing client email me regarding H.R. 2847 and how it would impact our decisions going forward. Knowing that this individual was a talk show aficionado, I immediately surmised he was taken in by one of the many commercials predicting doom and gloom. There is an entire industry capitalizing on our natural fear of loss and it is growing exponentially as the baby boomers near retirement and worry about their financial security.