MONEY: A grandparent’s obligation?

Wednesday, December 17, 2014

https://personal.vanguard.com/us/whatweoffer/college/vanguard529

Saving for college—trust Vanguard to help you reach your goal

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Keep your money for college—not taxes

When you invest in a 529 plan, your earnings grow tax-deferred, so more of your savings goes toward your main goal—financing a college education.

Why the Vanguard 529

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  • We’re a leader in direct-sold 529 plans: Vanguard investment options are offered in 28 plans totaling more than $25 billion in assets.*

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Holiday gift giving season is upon us.

I’m not only a fat old white guy injineer, but a Bahhh Humbug type who’s hero is old Ebenezer (who I think was given a bad rap!).

Grandparents, assuming you want the best for this grandchildren, have an obligation to “fill in” for the parents. Parents have to do the day to day things, under pressure and time constraints. Us old <synonym for multiple instances of  flatulence> — and I include myself in that category — have the luxury of seeing the “whole road” since we are far closer to the end than the beginning.

What one thing do parents overlook or can’t afford — other than there own retirement?

Yup, saving for their kids education. 

Now in our day and age, I know I got a present and a savings bond. Sometimes the savings bond WAS the present. One uncle gave me a FIFTY DOLLAR bond and a big <synonym for donkey> navel orange! I remember that one. But the savings bond is a joke now days. It’ll never pay for tech school or college.

So, rather than throw money away on presents that will NEVER be remembered, I’m agitating for 529’s.

Specifically the Vanguard 529 Nevada plan because of the “age adjustment” option and the very low fees.

While YMMV, this gift would be wasted. Even if it’s forgotten.

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MONEY: A Monetary Gadfly

Saturday, December 13, 2014

LIBERTY DOLLAR ALERT:
December.06.2014
Thank you from BVNH

Dear Liberty Dollar Supporters!

Thank you for your wonderful emails and your continued support. While I am disappointed we didn’t “change the money – change the country,” I am humbled by your kind words of support and sheer joy that I am not going to prison. I hope to review all my emails and reply to your questions and suggestions as soon as time permits.

Meanwhile, you may wish to share the main points raised in the Wall Street Journal editorial by Seth Lipsky just the day before I was sentenced: “A Monetary Gadfly in an Age of Fiat Money” and his excellent editorial “Beyond Bernard von NotHaus” in the New York Sun published the day after I was sentenced. Both are very well written and should be of interest to your local news sources.
I wish to express a very special thanks to Noell Tin, Fred Williams and Tom Ashcraft, the very competent and dedicated team of attorneys who represented me at the Sentencing Hearing and GATA for their outstanding support and posting Seth Lipsky’s WSJ.

Please remember that it is only by banding together and adopting a free and independent currency that provides us with “just weights and measures” that we will be able to throw off the yoke of a manipulated monetary/tax system and generate a peaceful and prosperous society.

Many thanks for your continued support.

Bernard von NotHaus
Monetary Architect/Editor
Editor@LibertyDollar.org

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Well, at least, he didn’t go to prison.

Like anyone would confuse fiat valueless tokens for the Liberty Dollar “medallions”!

Or their “warehouse receipts” for the Federal Reserve System’s “toilet paper”.

What is a “dollar” these days?

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MONEY: The tomato soup standard of value

Monday, August 18, 2014

http://keywestlou.com/a-good-time-last-night

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Then to Publix. I bought nothing. Cost $51. How do families do it?

When I was in high school, I worked in what was then called a supermarket. The time 1949. Supermarkets then were not the huge stores of today. Not even close. One of my jobs was to stock the shelves. One of the items was Campbell Tomato Soup. Five cents a can. I noticed Publix was having a Campbell Tomato Soup sale. Four cans for $4.95. $1.24 a can.  Although more than 60 years later, still a major increase!

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I would suggest to you that the difference is not “a major increase”, but a way to recognize that the value of “a dollar” — whatever that is — has dropped from 0.05 to 1.24.

Some economists — mostly from the Von Mise’s “Austrian School” — have asserted — I believe correctly — that the dollar has lost anywhere from 99.9% to 90% of its value depending on the interval you choose to measure.

In your specific example, it’s 95%!

Argh!

It’s about the Federal Reserve System, that is the OPEC of American Banks, Gooferment debt, Gooferment spending, cowardly politicians, and spendthrift bureaucrats.

The dollar, like the history of the French Franc, has been “devalued” day by day. Today the dollar is a shadow of its former self.

That’s the problem. 

Tomato soup hasn’t become more expensive; the dollars used to buy it are worth so much less. Ditto gas. Ditto every other product or service.

Argh!

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MONEY: US 90 percent silver coins minted before 1965

Monday, July 21, 2014

http://www.alt-market.com/articles/2229-the-immorality-of-paper-money

The Immorality Of Paper Money
Monday, 14 July 2014 16:44 Bob Livingston

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I still like U.S. 90 percent silver coins minted before 1965. They can be purchased in bags of $1,000 face amount or in smaller increments — even individually. (Find a local, reputable coin dealer with a good rating with the Better Business Bureau and a history in the community.) Buy for great price explosion upward as well as for survival coins. As paper money fails, a silver dollar will buy a week’s groceries any time.

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A silver dollar is probably worth 19 U$D in melt value.

Don’t think that buys a week’s groceries. That’s probably hype.

But, it’s not hard to look at Zimbabwe, Argentina, Venezuela, or the pre-WW2 Germany experiences for an approximation of what could happen here.

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MONEY: THOSE SAME THREE SILVER DIMES

Monday, July 7, 2014

http://www.kitco.com/ind/Brecht/2014-07-03-Gas-Prices-Near-6-Year-Highs-No-Inflation-Who-Says.html

Gas Prices Near 6-Year Highs, No Inflation? Who SaysThursday
July 03, 2014 12:59

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While official government statistics show U.S. inflation at still low levels, anyone who buys gas, food or health insurance can attest to the fact that inflation exists in our everyday lives. GasBuddy has predicted that U.S. consumers will see the most expensive July 4th since 2008 at the gas pump.

Despite the dramatic increase in U.S. oil production in recent years, GasBuddy estimates that Americans are likely to pay about $1.435 billion per day for gasoline during the holiday week, about $50 million more each day, or $350 million more per week than last year.

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Any wonder why the “stock market” is going up while the “standard of living” is going down like the Titanic!

The value of the Federal Reserve Note!

THREE silver dimes from 1964, when I started buying gas, would buy ONE GALLON of gas. At $21.15 per silver ounce, those SAME THREE SILVER DIMES are worth $5.70. Far more than a gallon of gas. (Never mind that today’s gas is better, cleaner, and healthier.)

So what’s changed?

The value of money has been inflated away by the Gooferment politicians and bureaucrats for the benefit of the Crony Capitalists and the Banking Cartel.

When do The Sheeple wake up?

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MONEY: A defined-contribution program

Sunday, July 6, 2014

http://online.wsj.com/articles/lockheed-martin-to-freeze-defined-benefit-pension-1404220591

July 1, 2014 9:16 a.m. ET

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Lockheed Martin Corp. LMT -0.82% plans to freeze its defined-benefit pension plan for salaried workers and move them to a defined-contribution program starting in early 2016.

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Screw the little guys.

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MONEY: It already IS bankrupt

Wednesday, May 21, 2014

http://www.zerohedge.com/news/2014-05-14/what-happens-when-america-goes-bankrupt

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‘Buddy,’ I remember thinking, ‘America isn’t going bankrupt. It already IS bankrupt.’

Just so that we don’t mince words, my dictionary defines ‘bankrupt’ as “any insolvent debtor,” i.e. a debtor whose liabilities exceeds assets.

That’s the US government, by its own admission.

As we’ve discussed before, the US Government Accountability Office (GAO) publishes financial statements each year in which they list all official government assets and liabilities.

The liabilities far exceed the assets. Big time. And the hole is getting deeper each year.

At this point the government’s net worth is roughly NEGATIVE $17 trillion, about 110% of GDP. That’s textbook insolvency.

The only reason the US government is still able to service its debts is because they are borrowing money just to pay interest… and because the Federal Reserve keeps printing money to buy up US debt.

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Some very ugly chickens are coming home to roost.

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