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How to make money in the Obama age
Posted By Jim Fletcher On 05/22/2012 @ 1:38 pm In Diversions,Front Page,Money,Reviews | No Comments
With our country spinning in a whirlpool of change, it takes some daring to resolve to not only survive, but to thrive. As government chugs along toward its destination of no longer being the friend of the American citizen, it behooves each citizen to take care of himself and his own.
That’s why Ziad Abdelnour’s new book, “Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics” grabbed my attention. In short, America is the land of opportunity, but it is being run by change agents who want to take your hard-earned money and redistribute it to voting blocs beholden to … the redistributors!
For some time, this reality has created real problems for the most innovative and resourceful Americans. It is also seen in the subtle propaganda in the media, who love to lambast, for example, corporations, in the drive to remake America. The non-discerning (see Movement, Occupy) lap it up and fail to see they are merely dupes.
But I digress.
Abdelnour, president and CEO of Blackhawk Partners, understands the problem: “What happened to this economy during the crisis was, at the very minimum, a violation of the fiduciary trust and relationship that supports the capitalist free-market system. America needs to face squarely a centrally new important realization: the world’s population is experiencing a political awakening. If we wake up fast enough, we can reclaim our power and dignity. We can resume our place as leaders in innovation and teachers of entrepreneurship.”
In an easy to read style, Abdelnour traces the recent history of the global economic earthquake – including how it was accomplished – and describes how America has been weakened.
Among the author’s suggestions:
It is quite interesting that Abdelnour advocates point No. 3, since it assumes many understand what the 10th Amendment outlines.
In addition to practical strategies for creating wealth and maintaining some semblance of independence, the author provides a fascinating glimpse into the trajectory of “wealth redistribution.” The Progressive Movement, developed between 1890 and 1920, ostensibly promised to help everyone obtain an equal share.
As Abdelnour puts it: “If a wealthy lifestyle could not be easily attained and enjoyed by all, then something needed to be corrected in the society to level the playing field.”
Does that sound like a certain “leader of the free world” to you? Never mind that the Progressive Movement’s central plank exists only in theory; what we have here is a virus within the healthy body of American capitalism.
These sections of “Economic Warfare” I found riveting – and motivation to implement Abdelnour’s suggestions. If we know the enemy, he can be defeated.
In Chapter 6 (“Battle Plans”), Abdelnour calls our world “increasingly dangerous, regulated and volatile” and then spells out his basic philosophy for wealth creation. It is a highly instructive section of the book.
You’ll find the detail actually enjoyable, I think, but here it is, boiled down: “I believe that the best way to make money this decade will be in commodities.”
I thoroughly believe that almost anyone can implement Abdelnour’s strategies. For example, if you think only the wealthy now can benefit from it, think again.
The author puts it this way: “An entrepreneur is someone who solves people’s problems on a profit margin. The key is to select attractive assets that can produce income or appreciate. An asset can either produce current income, appreciate (and depreciate) or both. The choice of which is a decision that is personal in nature, but a good way to establish a baseline is to ask yourself: If you were to stop working, would your assets continue to put food on the table and pay your monthly obligations?”
I live in a wealthy area in the middle of the country, and while there are plenty of corporate types making handsome incomes, there is also a burgeoning community of smaller-scale entrepreneurs carving out vital streams of income, offering services and goods people are willing to pay for. Ziad Abdelnour’s “Economic Warfare” is a practical field guide and battle plan. You will enjoy this book immensely.
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