I am an economist at heart but trying to learn how to fundamentally invest in a more efficient manner. I graduated from the Lundquist College of Business at the University of Oregon with a Bachelors of Science in Finance with a minor in Economics. I started investing a couple years ago when I figured out just how messed up our economy was and thought I should take some steps to protect myself.
There's an old adage : Teach a man to fish and he will eat for life. Updated version: The rule has become : Give a man someone else's fish and he will vote for you ! ..................................................................................................................... Capital is fungible,when used properly it goes where it is best employed. Fiat money in America is created solely as a result of the Federal Reserve system. Therefore it is totally accurate to say that the Federal Reserve system generates our most unfair tax. Both the tax and the system that makes it possible should be abolished. The political scientist who authorized this process of monetizing the national debt and the monetary scientist who carry it out know that it is not true debt. It is not true debt because no one in Washington really expects to repay it, ever. The dual purpose of this magic show is simply to create free spending money for the politicians without the inconvenience of raising direct taxes and also to create a perpetual river of gold flowing into the banking cartel. ........................................................................................................................ Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress's appropriations.The Congressional Budget Office web site's deficit analysis will show this . We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.
Forget who wrote this but I liked it.
Some people refer to a "dollar" when actually they mean a Federal Reserve Note? In spite of what is written on the Special Linen Paper with special Ink: in the middle of the bottom "One Dollar". Please do yourself a favor and do not be fooled, it is, as is spelled out across the middle top: "Federal Reserve Note" (NOT a United States Dollar).
Genuine United States Dollars are a thing of the past. They existed long long ago when each and every genuine United States Dollar was backed by three quarters ounce of (very) genuine silver. Repeat: each and every United States Dollar was backed by three quarters of one ounce of genuine United States Silver. No More. Quoth the Raven: "Nevermore" (too expensive, our currency to cheap).
These are Federal Reserve Notes, backed by (hot) air. Beware of them, they are in decline now and there is nothing to stop their further slide, even acceleration in the rate that they slide. They will NOT be stopped, in their decline, by the value of three quarters of one Troy Ounce of Silver. That support/guarantee ended long ago. Back then you could visit any U.S. Bank, during business hours, and exchange paper for genuine silver dollars (real silver). Try exchanging any Federal Reserve Note for a (90% Silver U.S. Morgan or Peace) Dollar TODAY and you might find yourself good for a laugh-out-loud. What you will not get is, in exchange for these Federal Reserve Notes which pretend to be U.S. Dollars (after all it says "Dollar" right there in special ink written on the special linen paper!), a Genuine Silver Morgan, Peace or even an 'Ike' (less Silver but some Eisenhower Dollars have Silver in them) United States Dollar.
In Winter the media and leftist call it "Climate Change" in the Summer they make sure to refer to "Global Warming"
It's always a psychological warfare with the anti-logical left. They need to demoralize those that believe in truth.As a matter of fact they must demoralize their own followers in the democrat party to gain traction. They can't be for good ,they lose power if they are.
Quoting 18th century Scottish historian Alexander Fraser Tytler:
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage."
For I am convinced that neither death nor life, neither angels nor demons, neither the present nor the future, nor any powers, neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord.
Romans 8:38-39 (NIV)
This market is a booby trap. I never voted for Trump until it was down to voting for the end of America ala 44 (Hillary), or Trump. I stated at the time of the election in 2016 that if a pro American won watch out they will pump and dump the markets that they have set a time bomb in. And so it goes,the sell out id already baked in the cake,we have been auctioned between a globalist and an individualist. Thank God the CCF has met their match politically. No one could ever out lie the Clinton Crime Family.We will see how much the corruption that Trump is battling turns him into one of them or a warrior for Americans . At least he drew a line in the sand ,even if you don't like the way he fights dirty against the most corrupt people on the planet like Soros etc. The markets will go through the floorboards if they have their way . February 2018
When Buffett started buying silver, it was just under $6 an ounce (silver now trades at over $13). It wasn’t until 2006 that Berkshire made its move to cash in on its hefty investment in silver; however, that move is still considered controversial.
Buffett to the rescue? In 2006, the first Silver Exchange Traded Fund (SLV) owned by Barclays was trying to get approval from the SEC by promising that it would hold silver to back up its shares.
"At that time, the newly proposed fund could only take delivery on a portion of the needed amount of silver because of tight supplies and Barclays was rumored to have borrowed or purchased over 130 million ounces of silver-about the total amount held by Berkshire Hathaway at the time.So about the same time that the new fund (SLV) was looking for physical deliveries of silver, Berkshire Hathaway sold out its entire stock. Buffett said he sold at about $ 7.50.
Subsequently, the new fund (SLV) was approved and went active on the American stock exchange on August 28, 2006.
But the genius of Buffett was called into questions as it appeared that he sold way too early; the price of silver has more than doubled from Buffett’s average purchase price of around $6 per ounce. Many-including Buffett himself- felt he sold out too soon."
This was written by a 21 yr old female who gets it. It's her future she's worried about and this is how she feels about the social welfare big government state that she's being forced to live in! These solutions are just common sense in her opinion.
This was in the Waco Tribune Herald, Waco , TX , Nov 18, 2011
PUT ME IN CHARGE . . .
Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.
Put me in charge of Medicaid. The first thing I'd do is to get women Norplant birth control implants or tubal legations. Then, we'll test recipients for drugs, alcohol, and nicotine. If you want to reproduce or use drugs, alcohol, or smoke, then get a job.
Put me in charge of government housing. Ever live in a military barracks? You will maintain our property in a clean and good state of repair. Your home" will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.
In addition, you will either present a check stub from a job each week or you will report to a "government" job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the "common good.."
Before you write that I've violated someone's rights, realize that all of the above is voluntary. If you want our money, accept our rules. Before you say that this would be "demeaning" and ruin their "self esteem," consider that it wasn't that long ago that taking someone else's money for doing absolutely nothing was demeaning and lowered self esteem.
If we are expected to pay for other people's mistakes we should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.
AND While you are on Gov't subsistence, you no longer can VOTE! Yes, that is correct. For you to vote would be a conflict of interest. You will voluntarily remove yourself from voting while you are receiving a Gov't welfare check. If you want to vote, then get a job
I am retired and live in San Francisco’s quaint Sunnyside neighborhood; I live just five short blocks from San Francisco’s only wilderness park: the world renowned Glen Canyon Park!
My investment approach is based on my belief that the US economy is transitioning from a currency based economic system to an earnings/wealth creation based economic system.
I think we are now in the middle stages of this transition: the dollar is still used as global legal tender, but there is vocal group of central bankers advocating changing the global currency system. And indeed, even among our friends, the dollar is losing its luster as a global tender. Our ongoing budget deficits, our ongoing trade deficits, and our ongoing commitment to deficit financing to finance whatever. Our policy wonks decisions makes many conclude that we are no longer in control of our money supply! Can we control expenses? The end will come because we cannot stop printing more money to pay for things;, our expenses must be paid for through revenues, not credit.
The only questions is how and when the end will occur: I think the global currency system will change quickly, with the dollar users simply abandoning the dollar: they will wake up one morning and decide it is no longer prudent to use the dollar as global legal tender. I think there is a strong possibility that the dollar users will abandonment the dollar in panic, like how the Dutch tulip traders abandon their stockpile of tulips, they woke up one fine morning and understood that the tulip is a beautiful flower but not worth the money they paid for it. Panic ensued, with tulip holders trying to sell their tulip stockpile for any price!
I doubt that the dollar abandonment (or the euro, the Yen, or other national currencies used as global legal tender) will occur slowly, simply because the last ones to unload their dollar holding will lose money big time.
So my thinking is that the global currency system will change suddenly, with both domestic and foreign dollar holders taking a loss, with the foreign dollar holders taking the biggest loss.
I pray that the global community will see this currency upheaval as an opportunity to work together to develop a global currency system that is fair and equitable to all players.