Friday, June 20, 2014

Chris Waltzek interviews; Fabian Calvo and David McAlvany

June 20, 2014

Featured Guests
Fabian Calvo and David McAlvany
(alphabetical order)

Professional real estate manager Fabian Calvo expects the echo housing boom to persist, as long as easy credit is extended to virtually everyone who can sign their name on a mortgage. Nevertheless, the entire edifice / Ponzi scheme will eventually implode amid the enormous pool of upside down home debtors - nearly 10 million mortgage holders owe more than their houses are worth. Once the last mortgage is signed, institutions that purchased massive inventories of homes, thousands per month, at much lower prices will release the houses on the market. In addition, only 1 in 4 previously foreclosed homeowners ever purchase a house again - most rent for the rest of their lives. 7-10 million homes are sitting on the balance sheets of government-sponsored entities, such as Fannie Mae and Freddie Mac. Although the national unemployment rate has declined sharply, without the high paying, solid perquisite jobs from the pre-recession era, the resulting demand will force housing prices to return to equilibrium levels: 100 times the average monthly rent. To determine a safe purchase price for any home, multiply the average rent in the community for a similar property by 100 ($1,000 x 100 = $100,000 home value).
Head of the 35 year old gold brokerage McAlvany Wealth, David McAlvany is concerned that the global economy is facing collapse, which could usher in a period of inflation unlike anything seen in the Western Word in a 100 years. He asks why our officials are so concerned by deflation - lower prices make houses and related investments more affordable, giving the masses funds left over at the end of the month to invest, instead of requiring credit cards for purchases. He outlines a realistic portfolio plan for every investor to maximize wealth with minimal risk. By accepting the uncertainty of future economic events, investors can position their funds for profit optimization, regardless of the actual outcome. David advocates ignoring forecasts and instead dollar cost averaging into gold each month, to protect your purchasing power.

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