Protecting Your Retirement, 401k and IRA from the Next Recession

Over 50% of CEOs surveyed predict a recession is unavoidable

Over half of all CEOs polled in a recent study and over 60% of all CFOs say that a global economic recession will be upon us by Q1 of 2021. There simply is not enough buying activity from main street to justify the high price to earnings ratios of most stocks on the S&P and the Dow Jones right now.

How to Safeguard Your 401k or IRA from a Stock Market Correction

More than ten thousand baby boomers enter retirement everyday and over half of them have investments in the stock and equities market. None of their financial advisers are going to tell them to sell their stocks and sit in something safer like cash, they’re going to have to figure that out themselves.

The first and most important thing to do is to take care of that old 401k with your previous employer. You may not even know what’s in it, and the investments may not fare well during the next recession.

A good thing to do is to make sure 60 – 70% of your 401k or IRA are in something safe like treasuries and bonds. While you may not continue to make perceived gains from the stock market, you’ll avoid major losses when it crashes down.

One of the best investments you can consider is precious metals, because gold and silver are incredibly undervalued right now. This is why a many Americans are getting a rollover from their 401k or IRA into a Gold IRA for extra security, and to enjoy the gold bull market once it resumes again.

401k to Gold IRA rollover guide

Fewer people are Having Sex and Jewelry Stores are shutting down en masse

It should not come as a shock to most people who understand the growing number of young people still living at home with their parents, that less Americans are having sex since 1989.

To add to this newfound involuntary celibacy, younger Americans are not getting married, having kids, buying homes, or even new cars the same way baby boomers used to. This is largely due to massive student loan debt and a shortage of real jobs that people could make a career out of.

Consequently Zale’s and Jared’s jewelers have started closing down over 300 stores in the last 2 years in an effort to meet deceasing consumer demand.

Many shopping malls are seeing less foot traffic as well, and the vacancies at the once great American shopping mall are starting to make an age old institution start to look more like a ghost town.

Americans owe $700K per person to pay off all government debt

If you thought the federal debt was only $22,000,000,000,000.00 USD (still unable to ever be paid off), then you’ll be in awe to learn the real national debt is around $100 trillion.

This is because there is nothing in place to pay for social security, medicaid and medicare. No one knows how we’ll ever balance a federal budget if we ever do, again.

Recent Federal Reserve Chairmen are Trying to Keep the Stock Market Bubble Inflated

Can you trust the Federal Reserve? I don’t think they can even trust themselves.

After a 2018 where they continuously raised interest rates to increase the federal funds rate, a stock market collapse in the making at the year’s end caused Federal Chairman Jerome Powell to renege on his promises to perform “quantitative tightening” and shrink the Fed Reserve’s balance sheet.

So, instead of getting rid of all that debt the Federal Reserve incurred over the last 10 years propping up the stock market after the Great Recession, the government basically admitted that they cannot ever return things to normal. Instead, even President Trump is publicly calling for more quantitative easing and the lowering of interest rates.

All this from a President who once called the stock market a bubble.

Is Trump’s Dept of Transportation Decision to Curb Sleep Apnea Legislation Making Us Safer?

sleep apnea Trump safety ruling for truck driversI argue yes.

Safer from government over-regulation and forced medicalization of Americans, anyway.

Recently President Donald J Trump’s DOT decided to shelf a motion seeking to apply a strict new set of rules regarding sleep apnea on the nation’s truck drivers. On the surface this might seem like your normal pro-business expected Trumpian and GOP styled response to a matter of this nature.

However, once you take a look at the numbers like we’ll be doing today, you will quickly see the giant room for fraud, waste and abuse had this issue simply been given the rubber stamp of government approval.

obstructive sleep apnea disorderObstructive sleep apnea, where a person has anywhere from 5 – 50 episodes of stopping breathing while sleeping per hour, is the typical form of sleep apnea many adults experience as they head into their late 30’s and early 40’s. But Americans have disproportionately high rates of sleep apnea, and truckers even more so, due to a large percentage of Americans being overweight and leading sedentary lifestyles devoid of proper nutrition and regular exercise.

Still No Cure for Sleep Apnea

 

In fact, there is no cure for sleep apnea. Sleep apnea’s baby brother is snoring, which is a strong indicator that sleep apnea may develop in the person who snores. The most commonly known treatment method of sleep apnea is the CPAP machine, which delivers Continuous Positive Airway Pressure into the mouth, throat, and eventually down the pipes to the lungs.

Sleep apnea, while potentially fatal to the sufferer, can also become a public danger as well. Lack of concentration, drowsiness, high blood pressure, enlarged heart, and higher risk of stroke and heart attack as well as depression, can lead to a higher risk of automobile accidents, especially if you are driving 8 hours a day.

But as a person who himself has never been a professional truck driver, I have lived the mobile lifestyle, living out of hotels and traveling the entire Western United States extensively. To be honest I have had a disproportionately low rate of near-accidents or dangerous driving scenarios featuring a snoring CDL holder (commercial driver’s license).

That’s why to me the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) is appearing to overstep the bounds of fairness and normalcy for all Americans by attempting to unfairly hold truck drivers to higher standards than the average American, who is also highly likely to be overweight, and thus at the same risk of sleep apnea.

It also appears as yet another attempt by a bloated federal government sub agency attempting to be relevant by attempting to create a set of rules for others to follow.

Relevance = same budget as last year or more for my office (in federal government employee and agency director thinking)

When I was in the US Navy, our office Senior Chief always encouraged us to use every last resource that was in the office so that our budget would never decrease.

This also attempts to be an attempt to sell wares on behalf of the medical industry. Let me explain.

high bmi truck driver sleep apneaThe most common form of treatment for sleep apnea is the CPAP, which means lots of doctor’s visits, expensive equipment, and tons of money for all involved. Other alternative and more affordable options include the sleep apnea mouthpiece, though cutting out alcohol, eating right, and getting lots of exercise seem to be the only true form of stopping the throat and neck mass of the human body from sinking back and obstructing the throat and airway throughout the night.

This is why many people just go with the CPAP because it’s the most common status quo treatment.

But even the CPAP is NOT going to cure sleep apnea. It may be better than nothing, but get this- once you start CPAP, if you stop, you are at EVEN GREATER RISK of dying in your sleep or having fatal complications from sleep apnea.

And why many people opt for a safer, less expensive and committal solution to sleep apnea and snoring:
http://copeministries.org/the-top-natural-sleep-aid-i-chose-to-stop-snoring-cpap-alternative/one-sleep-apnea-mouthpiece-to-rule-them-all/

So when the FMCSA wants to require truck drivers with a Body Mass Index (BMI) of higher than 40 to get immediate treatment within 90 days (which means a CPAP in other words), and since at least 38% of all American truck drivers are officially rated as obese, and there are 3.5 million professional truck drivers in the US, then this means on CPAP machines alone not even counting the cost of doctor’s visits and associate fees, an astounding

4.5 billion dollars

But I’m sure you don’t see any insurance companies or medical companies complaining.

In fact, if this doesn’t sound like a combination of Atlas Shrugged and Obamacare combined, then what else would you call it? Of course, those insurance companies and medical companies would probably prefer to just legislate the requirement for every man, woman, child, and dog in America to have a sleep apnea machine.

And if they don’t?

It’s all Trump’s fault. And a Russian conspiracy too. Still kids, don’t take naps at the wheel, or else this will happen:

The Only Cure to Sleep Apnea is Weight Loss and Exercise

 

See official government health facts of long-haul truck drivers to include obesity and smoking rates