When I was a child, I remember being so excited that I could not sleep one night. My dad had promised to take me to see the QE the next day.
QE stands for Queen Elizabeth, the largest cruise ship (in those days), which was making a special docking for a few hours.
Today, I have sighted the QE 2. How I wish I was talking about a cruise ship this time, too!
But first, allow me to introduce myself.
Hello, I am Ashish Advani. I have spent most of the past 2 ½ decades traveling, visiting and working all over the world. I have lived and worked in Africa, the Middle East, Asia and North America. I am a native of India. Currently a resident of Alaska, I love scouring the world for investments and gems that have led me to being a self-made millionaire.
But back to QE 2 …
QE in this case stands for Quantitative Easing.
This is a detestable term used for the indiscretions of a central bank. This is when the central bank (falsely) believes it needs to intervene in a free market and manipulate it. And it does this under the false notion of helping us.
So it decides to inflate the economy artificially by printing money and circulating it. And it believes that with excess liquidity in the system, the problems of the slow economy will be solved.
Instead of solving the problems that create a poor economy, trillions are being spent to treat only the symptoms.
The Federal Reserve and its caretaker, chairman Ben Bernanke, are completely misguided and delusional to believe that printing and pumping more money into the U.S. economy will rescue the ills that afflict it.
The FOMC, the policymaking committee of the Federal Reserve, announced the results of their latest meeting. While they kept rates at historic lows yet again (and have, frankly, for too long already) they now plan a second round of quantitative easing.
This move will only lead to chaos, wasteful spending, deeper deficits and wasted time.
I am being told by the mass media that the markets are pricing in a double-dip recession.
I am almost sure that with this new Quantitative Easing, we may see not only a double dip but maybe even a triple- and quadruple-dip recession in the U.S.
What I am seeing is a low trajectory growth pattern in the U.S. for many years to come, with no clear lift off the baseline. And the GDP rates will hover around 1 percent to 2 percent for years to come.
That is why most of my investments are overseas. With the U.S. trapped in the 1 percent to 2 percent growth band and Europe stuck in a rut as well (although not as deeply as the U.S.), the real action and growth is in Asia.
In the next few weeks, I will explain how you can’t afford to invest only in the U.S.
I will show you how true diversification will reap you rich rewards and help you grow your portfolio without taking undue risks.
And you do not need to be a millionaire or move overseas to do this.
You can achieve excellent diversification without opening more than one or two new accounts.
© 2017 Newsmax Finance. All rights reserved.