SS 116: Senator John Milkovich, Heartbeat Bill & Juvenile Crime

In case you missed the recent “Predictions for 2011 and Beyond” conference call hosted by Jason Hartman and Empowered Investor Network, one of the primary topics covered was the fatal flaw made by many investors who assume a dollar is always a dollar. This basic economic fallacy can kill your portfolio, and leave you with much less money in your retirement years than you had hoped.

* By the way, you can buy the ebook containing all the information from the conference call at THIS LINK. The $197 price includes a private 30 minute consultation with Jason Hartman.

But back to the dollar. The critical concept to understand is that a dollar today is not worth the same as a dollar one year from today, or even ten years from today. The real value of a dollar, expressed in terms of what you can actually buy with it, continually erodes over time. The reason for this is, of course, inflation, which has been a constant factor in our economy in a major way since President Nixon took the country off the gold standard in the early 1970’s, and granted the Federal Reserve de facto permission to create money out of thin air.