Posts Tagged ‘Investing’
In these hard times when we are overwhelmed by the “Cult of Public Service” chant (eg: Obama’s and Kennedy’s “Americorps”), I would like to share one of the greatest charitable secrets in the universe. If you really want to help people in these hard times, listen to what F.A. “Baldy” Harper had to say.
As incentive to read Baldy’s article I will give a silver eagle to the first ten people who let me know that they read the entire article (click the “Charity” tab at top of this page). The best way to spread wisdom is to share it. Please share this article with your friends and loved ones.
To enjoy the wisdom of the Saunts, click on the “Charity” page tab at the top of this blog to find Baldy’s article on the Greatest Charity.
PS: I first read this article some 20 years ago and it has greatly inspired the subsequent course of my life.
PPS: I must run and haven’t had time to finish editing the article yet. But be brave and don’t wait.
John Stossel Rules !
Part of investing well is understanding the cultural environment around you. If you don’t follow John Stossel’s insights you will be missing critical pieces of the puzzle. Please bookmark his site and stay informed and invest in your education – read Stossel.
Go to John Stossel at ABC’s website.
Grok This First!
Don’t Invest Without Understanding This
Investment Wisdom Begins With…..
Understanding that we live in world dominated by one overwhelming investment reality – the entire world went on a FIAT Money Standard in 1971. Fiat money, besides being a tool of virtually invisible confiscation, inherently creates systemic risk and distorts our perception of what is happening in the world. This core reality informs all the asset allocation decisions that we will recommend to our clients and subscribers. Again, I beg that you read the prophetic words of the most eminent economist of the 20th century.
Read Very Carefully What Keynes is Telling Us
” Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they do not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. the sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their just deserts and even beyond their expectations or desires, become “profiteers,” who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
John Maynard Keynes, C.B., The Economic Consequences of the Peace page 235.
How could this happen to us ???
With the drafting of the US Constitution, our founding fathers attempted to protect us from the devastating results of “rag money”. But unfortunately after decades of manipulation and disinformation, powerful banking and finanical interests won out. For one of the best explanations of HOW we lost sound money and what the founding fathers originally intended for us, read a short monetary history of the dollar by one of the most brilliant scholars I have ever had the pleasure of reading. Edwin Vieria, Jr., please take the stand. If you can ever get a copy of his magnum opus on the dollar “Pieces of Eight” lock it up. It is eighteen hundred pages of U.S. monetary scholarship that is breathtaking in it content.
Are you outraged now ? You should be ! ! !
Fiat money and the havoc it wrecks upon the investment world is the first and most important reality on our investment map. We will show you how deal with it.
The volatility created by a fiat monetary system can be protected against and used to accumulate wealth.
For a free initial half hour consultation email me at: michael@fibonaccifinancial.com
But I Thought Housing ALWAYS went UP ;-(
Read All About It
At the Incredible Mises.org
Also just hot off the press – The Commercial Real Estate market crash IS JUST BEGINNING !