Is Recession Profit Secrets Legit? (Get Best Price Here!)

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Recession Profit Secrets advertises to be able to help you radically transform your financial state, allow you to shake off the shackles of debt, and prepare you for the prospect of imminent economic depression. And all that even if you have very little money to spare!

Recession Profit Secrets.

Does Recession Profit Secrets live up to its statements? Is it legit or a scam? And should you actually be worried about your financial future?

Read on to find out in this Recession Profit Secrets review!

What Is Recession Profit Secrets?

Recession Profit Secrets is a program aiming to help buyers secure and increase their wealth, especially during periods of economic recession and depression. The goals of Recession Profit Secrets are detailed on the program’s website:

The primary goals of the program.

Recession Profit Secrets was authored by one Richard Pierce. The TSL of the program claims that Pierce is a multi-millionaire who made his first million at the age of 35. Pierce apparently is also a successful financial consultant.

Recession Profit Secrets author Richard Pierce.

As with most similar products, the video sales letter uses a “pen name”, and the footer of the TSL webpage contains the following disclaimer:

The name Richard Pierce is a professional name used by the author as a safety measure.

Recession Profit Secrets is not a product from Agora or any similar group, but rather a standalone product which the creators sell via the Clickbank marketplace.

The program is centered around the following statements:

  • Banks may be scamming their clients.
  • Inflation (in the form of currency debasement) reduces the value of money (more specifically, the United States dollar) over time, disproportionately hurting the midde-class.
  • Economic depression and growth are cyclical in nature.

Recession Profit Secrets is structured as follows:

The main modules of Recession Profit Secrets.

The program includes some bonus educational material as well:

  • Step-by-step strategies for building and maintaining wealth.
  • The Wealth Tracker spreadsheet to help you track your money-making journey.
  • The Elite Member Insider Series – a collection of strategies employed by successful investors and entrepreneurs.

So all in all, at a very high level, Recession Profit Secrets explains the concepts of inflation, currency debasement, and debt cycles. Additionally, it covers money-making strategies involving assets like gold, silver, crypto, and stocks, among other things.

What are K-waves?

The TSL of Recession Profit Secrets mentions K-waves several times. K-waves are central to the program since one of its goals is to help readers maintain and even increase their wealth during recession and depression.

So what are these K-waves, and why are they important?

The K-wave theory is based on observations that modern capitalist economies have cycles of alternating periods of high growth and slow growth. According to CMT Association – a provider of technical analysis education – the cycles were first brought to international attention by Soviet Russian economist Nicolas Kondratieff (Nikolai Kondratiev) in 1925 [1]. In honor of Kondratiev, the cycles were called Kondratiev/Kondratieff waves, or K-waves.

As a fascinating historical note, Kondratiev was actually arrested in 1930 and executed in 1938 due to the stark contrast between his economic views and the official economic policy of the USSR at the time [2].

CMT Association describes K-waves as follows:

In heterodox economics, Kondratieff waves — also called Supercycles, surges, long waves or K-waves — are described as regular, sinusoidal cycles in the modern (capitalist) world economy. Averaging fifty and ranging from approximately forty to sixty years in length, the cycles consist of alternating periods between high sectoral growth and periods of slower growth.

CMT Association points out that the K-wave theory is not accepted by most academic economists, however many well-respected investors due include it in their analysis, so believe in its validity is disputed.

Despite criticism and controversy over the theory, CMT Association writes that most cycle theorists agree with the “Schumpeter-Freeman-Perez” paradigm of five waves so far since the industrial revolution of 1771.

The sixth cycle is yet to come, and we appear to be at the turning point of the 5th Kondratiev wave.

Kondratiev waves in history.
Kondratiev waves in history [3].

Why You Should Start Thinking About Your Financial Future Right Now

Today, many Americans (and citizens of other Western countries) are facing substantial threats to their financial well-being. To demonstrate why you should start taking actions to secure your financial future, here are a few pieces of statistics from the US economy.

Note that our overview below isn’t all-encompassing and may not apply to your situation. Our goal is to merely introduce you to the potential issues you may be facing a few years or even months from now on. And finally, things may change quickly – for the better or for the worse – so we may be in a different world tomorrow.

Consumer debt was higher than ever in 2020

According to credit reporting company Experian, the total outstanding consumer debt in the United States as of the third quarter (Q3) of 2020 reached a record high of $14.88 trillion [4]. This was a 6% increase compared to 2019the highest annual growth recorded in over a decade – as well as a 31% increase compared to 2010’s $11.32 trillion.

Total consumer debt in the US.

Experian writes that student loan debt has seen the highest increase since 2019 – 12.1% – followed by mortgage debt (7.3%) and personal loan debt (6%).

US consumer debt breakdown.

At the same time, overall credit card debt decreased for the first time in 8 years in Q3 2020 – by $73 billion or 8.8% compared to 2019.

On average, the consumer debt balance was $92,727 in Q3 2020 – not much higher than 2019’s $92,479. However, the composition of consumer debt has seen pretty large changes compared to 2019. Student loan debt increased by 8.9%, for example, while credit card debt and HELOCs (Home Equity Lines Of Credit) decreased by 14.2% and 7.2% respectively.

US average consumer debt balance over the years.

US average consumer debt balance breakdown.

Compared to 2019, average consumer debt has fallen in some states – like Alaska (-2%), California (-1.6%), and Connecticut (-3%) – but most states saw an increase. 36 of the 50 states and Washington, D.C., saw an increase in average consumer debt balance.

And perhaps most notably, younger generations – particularly generation Z (aged 18 to 23) – were the primary drivers of debt growth in 2020. Total average debt among generation Z representatives increased by a whopping 67.2%from $9,593 to $16,043.

Consumer debt balance by age.

Asset prices are at all time highs

According to CNBC, home prices in March 2021 were 13.2% higher than in March 2020 [5]. CNBC added that this gain was the largest since December 2005 and was one of the largest in the 30-year history of the S&P CoreLogic Case-Shiller National Home Price Index.

In May 2021, National Public Radio (NPR) reported that buying a house was harder than ever, with bidding wars between those looking to acquire a house sending prices to record highs [6].

The recent increase in housing prices may have been encouraged by the pandemic, but CNBC had reported that most young people can’t afford houses or even apartments back in 2017 [7]. So even though the pandemic has made things more difficult, house prices have had an upward trend way before it.

Stock market prices are also at all-time highs, as are nearly all other asset classes.

Many attribute this to the massive money-printing undertaken by Western governments, and believe this will lead to a huge popping of the asset bubbles and resulting economic collapse.

Indeed, Michael Burry (the famous investor portrayed in the film The Big Short, who shorted the house collapse in 2008) recently stated that we are in an “everything bubble” and “the mother of all bubbles”.

Only 3 in 10 Americans were financially healthy in 2018

In November 2018, Market Watch shared the findings of a study by the Center for Financial Services Innovation regarding the financial health of Americans [8]. 44% of the participants said their expenses exceeded their income in the previous year, forcing them to use credit. 42% said that they had no retirement savings whatsoever.

The US has unprecedented levels of sovereign debt that can only be repaid via currency debasement

The United States government has spent so much money over recent decades that our debt-to-gdp ratio now stands at 130%.

Well respected investors and economic theorists such as Luke Gromen, Lyn Alden, and Jim Rickards all argue that the government can only cure this problem via prolonged debasement of the currency.

This will have a tremendously negative impact on the middle-class- and could cause total societal collapse in worst case scenarios- but sophisticated investors who own the right assets may be able to grow their wealth dramatically while this takes place.

 

Is Recession Profit Secrets Legit Or A Scam?

The full contents of the program.

The macroeconomic concerns raised by Recession Profit Secrets are valid, so the program itself appears to be legit and trustworthy in that regard.

The program is an information product – and it also comes with a money-back guarantee if you aren’t satisfied- so its also legit in this regard as well.

Finally, Recession Profit Secrets is sold via Clickbank. Clickbank is an online ecommerce facilitator based in Boise, ID, that serves as an alternative to the large Silicon Valley tech behemoths. Clickbank only allows products to be sold via its platform if they go through a review, and do not have a high return rate, so that is suggestive of Recession Profit Secrets’ legitimacy as well.

With all that being the case, we can comfortably say that Recession Profit Secrets it NOT a scam, and is a legit product. Whether it is the right product for you will depend on the individual in question, however.

 

Conclusion – Recession Profit Secrets Review

Will Recession Profit Secrets turn you into a successful investor or entrepreneur? We can’t tell for sure. But what we can tell is that if you have financial issues and don’t take action now, tomorrow may be too late.

No one can predict with 100% certainty what will happen next. If you want to safeguard your current wealth and/or grow it over time, Recession Profit Secrets may be a valuable tool in building your ability to do so.

If you have spare money – no matter if it’s $50 or $5,000you should start thinking about multiplying it over time through investment and efficient management. Money that is not invested loses value every year currently, due to the consequences of currency debasement.

At the moment of this article’s writing, Recession Profit Secrets was priced at $37 (normally $97). This isn’t much, considering the program’s claims. And if you don’t like Recession Profit Secrets in the end, the 60-day money-back guarantee of ClickBank will allow you to get your cash back.

Click here to check out Recession Profit Secrets now.

 

 

Sources:
  1. “Kondratieff Wave”, CMT Association, https://cmtassociation.org/kb/kondratieff-wave/.
  2. “Kondratiev, Nikolai Dmitrievich”, Encyclopedia.com, https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/kondratiev-nikolai-dmitrievich.
  3. Courtesy of JohanSonn on Wikimedia Commons. Licensed under Creative Commons Attribution-ShareAlike 3.0 Unported. Resized and cropped from original.
  4. “Average U.S. Consumer Debt Reaches New Record in 2020”, Experian, https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/.
  5. “Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says”, CNBC, https://www.cnbc.com/2021/05/25/home-prices-in-march-saw-highest-growth-in-over-15-years-sp-case-shiller.html.
  6. “It’s Harder Than Ever To Buy A House, And Bidding Wars Keep Breaking Out”, National Public Radio, https://www.npr.org/2021/05/18/996600894/wild-bidding-wars-frustrated-home-buyers-dont-buy-into-a-frenzy.
  7. “These are the top 2 reasons more millennials can’t buy homes”, CNBC, https://www.cnbc.com/2017/10/03/zillow-the-top-2-reasons-more-millennials-cant-buy-homes.html.
  8. “The ‘true state’ of Americans’ financial lives: only 3 in 10 are ‘financially healthy’”, Market Watch, https://www.marketwatch.com/story/only-3-in-10-americans-are-considered-financially-healthy-2018-11-01.”

 

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