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How To Become Wealthy In Spite of Lies About Jobs And Housing!

By Richard Grassi

Republish: EasyPublish™ Published: 23Feb2012 Word count: 2778 Viewed: 39 time(s) Get Free Content For Your Site

Washington announced last Friday (2/6/2012) that unemployment dropped to 8.3%... And while Wall Street rejoiced with another rally...

BUT the true unemployment in the United States actually rose to an estimated 22.5%, nearly the worst since the Great Depression.

Hard to believe?

Well, thanks to John Williams of www.shadowstats.com, we can prove it.

Just consider how the government is lying to us about jobs in America:

Lie #1. "Discouraged workers - unemployed workers who give up looking for jobs - are not really unemployed."

Lie #2. "Unemployed workers seeking full-time jobs who are forced to accept minimum-wage or lower paying part-time jobs are also not unemployed."

They are not counted among the jobless!

But if you think that's strange, consider this: These lies are so enormous and egregious; the government has tried to address the outrage by quietly publishing another unemployment rate, dubbed "U-6."

This number is never headlined in the press. And the political party in power never mentions it.

Why not? Because it's one of the ugliest and worst-kept secrets of our time.

I'm talking about an official government number that does include some of the part-time and discouraged workers, and that reveals an outrageously high U.S. unemployment rate of 15.1%.

Lie #3 began about 18 years ago during the Clinton administration. Back then, officials at the Bureau of Labor Statistics were counting virtually all discouraged workers - those who had given up looking for jobs because there were no jobs available.

But one day, they decided to STOP counting anyone who had given up looking for more than a year.

If you're out of a job and you gave up looking for work 365 days ago, you're still counted as a "discouraged worker" and you're still among the 15.1% that the government admits are unemployed (based on their less known U-6 number I mentioned above).

But if you gave up looking 366 days ago, you're not "discouraged" any more. As far as they know, you're so happy, you could be dancing in the streets!

Now do you understand why I say the government is lying about jobs?

I repeat: According to Williams' estimates, if you include all discouraged workers - just as the government itself did before 1994 - the true unemployment rate in America is 22.5%!

That's nearly THREE times worse than what the headlines say.

Still skeptical about the idea that the job market in America is not improving? Then take a closer look at what's happening in the biggest sector of all...

No Recovery from the Housing Depression!

In the housing market, it's a lot tougher for the government to lie.

Why? Because unlike the job numbers, the housing stats are largely outside of the government's control; they're compiled and issued mostly by private research organizations.

But guess what! The government manages to lie about the housing market anyhow. They tell you it's improving. It's not.

This is serious: In the U.S. economy, the housing sector and support industries have traditionally been the largest of all.

But, alas, in the real world of real estate, we see nothing of the kind. Instead, the facts show that, in recent months, the housing market has actually taken a new turn for the worse:

Fact #1. New home sales in the U.S. have plunged to the worst level in history!

Fewer new homes are being sold in the U.S. now than back in the days when Lyndon Johnson became president and the Beatles launched their first hit LP.

And in proportion to the U.S. population, the picture is even uglier: For each 1,000 people living in the United State today, less than ONE new home was sold last year - quite probably the worst in history.

Fact #2. Foreclosures continue unabated.

There are still an astronomical 6.17 million families in America behind on their mortgage payments or with homes in the process of foreclosure.

That's a massive pipeline of foreclosed homes being dumped on the market that probably will continue for years to come.

Fact #3. Home prices are falling - not rising.

By November 2011, single-family house prices in 20 metropolitan areas fell again, losing 100% of the gains they'd achieved since 2009!

The NY Times sums up the housing market disaster:

"Housing has played a dominant role in the country's economic sluggishness, as homeowners have struggled with foreclosures or mortgage burdens that far exceed the values of their homes.

"Enormous amounts of construction workers and other real estate-related employees have been out of work and are still struggling to cobble together incomes."

Government's response: More bailouts, more money printing, and 0% interest rates till kingdom come.

The end result: Big bonuses for Wall Street elites ... sharply higher asset values in some investment sectors ... but, for most of America, a catatonic state of joblessness, depressed real estate, and even poverty.

Today, we wish we could say that signs of a LASTING turn in housing are finally here. But they're not.

How To Become Wealthy and Be Rich In Any Market

To consistently make money in any market and particularly in a volatile stock market you must:

1. Get rid of any get-rich-quick thinking,

2. Ignore any 'advice' from CNBC, Wall Street, Financial advisers, etc.,

3. Learn the basics of stock market options,

4. Realize that NOBODY or NO SYSTEM can predict what the stock market will do in the future - NOBODY.

If you study the history of the stock market for a long period, say 25 years, you will discover that in any month the market moves less than 5%, 80 percent of the time, and less than 10%, 96 percent of the time. So just how could you use this information to make a consistent monthly income of around 10% to 14% per month?

This is where three option strategies work wonders. The option strategies are the CALL Credit Spread, the PUT Credit Spread and the Iron Condor. But you must use these strategies properly. If you try to use them to make big bucks in a short time, you have the get-rich-quick thinking and will get burned. (Quick Note: starting with only $3500 and gaining 10% per month, in five years you will be a millionaire! Check this out with any Compound Interest Calculator)

Knowing the history of stock market movement, you can use the proper Iron Condor strategy to make an average of 10% per month on your investment funds. The amount of risk we can tolerate varies widely from person to person. Thus what you need to do is to set up an iron condor on a stock or index that is within your comfort zone. For me, 10% per month is in my comfort zone and that is what I use. Plus I shift my position if the market moves too far. You are the only one who can determine how you set up the iron condor based on how risk adverse you are. You can set it up for a higher gain, BUT also higher risk or set it up for a lower gain, but also lower risk!

You must remember that each of us are subject to the STRONG emotions of GREED and FEAR when investing. Make sure you choose the iron condor limits so your FEAR or GREED emotions don't affect your trading decisions.

If you understand the information above you can use the Iron Condor, the CALL Credit Spread or the PUT Credit Spread to make a consistent monthly income with VERY low risk!

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