MONEY: Silver coins — gone but not forgotten

Saturday, September 19, 2015

by Future of Freedom Foundation
September 15, 2015

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Good question!

What happened?

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MONEY: A good used car is as good as gold?

Monday, August 17, 2015

Buy Gold? Buy A Used Car Instead!
by eric • August 13, 2015

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Gold may not have the high rate of return that the casino called Wall Street offers … to insiders. But it is a really good way to store value – and that accounts for its popularity among people who may not get rich quick but tend to avoid becoming poor.

Used cars are another great way to transmute depreciating paper money into a durable asset that – like gold – is portable and fungible (i.e., easily converted into other things of value).

The government has inadvertently created a bull market for them, too. 

*** end quote ***

Unfortunately, I didn’t pay attention when my grandfather would fix what ever particular “$50″ wreck I was driving that week.

In the past, my strategy was to buy new on a three year loan and keep “paying” myself until it died. Eventually, I could pay cash for cars. Seemed to work for me.

Last car, with “zero down and zero interest”, my financial advisor convinced me to take the free money and leave the cash in my portfolio. I’ll drive it until the wheels fall off which means it should last about 9 years.

What I’ll do then I have no idea. What the economic climate will be I have no idea. But I’ll adapt since it’s obvious that the “only constant is change”.

For anyone who’s got some mechanical ability, old cars / trucks that you can still work on seems to be a profitabe niche.

When I drive to and from the Jersey shore, I see veritable series of “one car used car lot” (i.e., each house  along the way with one, or maybe two, used cars for sale). As the season progresses, more “projects” roll out for sale. The peak is around “back to school season” when the sports cars seem to dominate the “lots”.

The USA has become the throw away consumer economy at its own peril. Perhaps this is the renaissance?

I think this is more a reflection on the value of Federal Reserve Notes and the bad behavior that it has “trained” the shepple to engage in.


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MONEY: CAT retail sales indicates global depression

Monday, July 27, 2015

Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
By Tyler Durden
Zero Hedge
July 23, 2015

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And the cherry on top: there has now been an unprecedented 31 consecutive months of CAT retail sales declines. This compares to “only” 19 during the near systemic collapse in 2008.

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SO why is the stock market not going down?

The FED and its Zero Interest Rate.

The politicians and bureaucrats continue to borrow and spend to expand the welfare / warfare state.

Like the old war movie — i forget which — “get small in your hole”.

Bad times are coming.

Sooner or later, some very ugly chickens will come home to roost.

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MONEY: Pension in your future — maybe, maybe not!

Friday, July 24, 2015

Day of Reckoning for American Pensions Is Fast Approaching
Joshua Krause
The Daily Sheeple
July 18th, 2015

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For decades, local and state governments in the United States have made promises to their employees that they cannot keep. They guaranteed a certain level of income to retirees at a time when America was its most prosperous, and when most people didn’t live as long as they do now. Those lucrative pensions they promised are starting to catch up to them in a big way.

Earlier this week, Moody’s cut Chicago’s credit rating to “junk,” largely due to their $20 billion pension shortfall, and they put the City of Houston on notice. Many of the major pension funds use the stock market to bolster their savings, but despite record profits on Wall Street, it doesn’t seem like any of them reached their revenue goals. California’s Public Employees Retirement System only reached a third of the annual revenue they projected, and the state’s teacher fund failed to reach their goal. Overall, Moody’s found that the 25 largest public pension funds in the US have a $2 trillion budget shortfall.

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So what will happen?

I’d look at Greece and, closer to home, the Delta Pilot’s pensions.

The Federal “Pension Benefit Guaranty Corporation” does not insure plans offered by federal, state, or local governments.

So, I’d expect a severe “haircut”. Pensions, if we use the PBGC limits, would be reduced to about 57K per year.

I can imagine the riots when it happens, but happen it will. 

If I was planning on a pension for my golden years, then I meet with a fee-based register financial adviser to revise your plans. 


Hard times ahead.

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MONEY: Unfunded and underfunded liabilities

Monday, July 6, 2015

The Coming Era of Pension Poverty
Assuming “growth” will fund all promised pensions and entitlements is magical thinking.

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Promises made in flush times cannot be kept in lean times. Common sense suggests that public employee pension benefits should be tied to the revenues required to pay them and the rate of low-risk returns on pension funds. If common-sense is “union bashing,” then we not only have a pension-funding problem, we have a propaganda problem.

Regardless of what was promised, what can’t be paid won’t be paid. The federal government can print money, but state and local governments cannot print money to pay soaring pension and healthcare costs. Push taxes and junk fees up enough and you will spark a taxpayer rebellion. If you doubt this, check out the origins of Prop 13 limits on property taxes in California.

*** end quote ***

Unfunded and underfunded liabilities about in the Zero Interest Rate Environment set up by the FED.

The estimates are staggering.

And yet the corruption continues. Politicians give Gooferment Unions big ‘benefits’ and Gooferment Unions give politicians big ‘campaign contributions’. And the taxpayer is on the hook.


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MONEY: Save the penny; it’s educational

Friday, May 22, 2015

If You Want People To Keep Using Cash, Support Killing The Penny
By Justin Pot on 15th May, 2015 

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There’s quote you might have heard.“A penny saved is a penny earned” -Ben Franklin

First: Franklin never said that. Second: adjusting for inflation, an early 1800’s penny is worth about 25 cents today. With these points in mind, I propose the following update: “A quarter saved is a quarter earned” -Unknown

My point is simple: when the penny was worth more, no one saw the need for a piece of currency valued at 1/25th of a penny. Creating something like that would have been stupid, because you couldn’t have bought anything with it.penny-bucketToday, it’s nearly impossible to find anything that costs one cent. Anywhere.Seriously: try to find anything that costs a penny. You’ll have to resort to a single nail at the hardware store, but when you try to pay for it with your penny the clerk will probably tell you not to bother – saying to just take the nail and leave. 

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I disagree. The penny is an in your face constant reminder that the Gooferment, specifically the FED (i.e., Ferderal Reserve Bank) … …

— The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. —

… … stolen the wealth of the world by inflation. I insist on ranting every time some wants to get rid of the penny, by pointing to Ron Paul and the evils of fiat currency. 

Without the Fed’s fiat currency, WW1 and WW2 could not have been fought and the current welfare / warfare state would be impossible. 

The penny is the “canary in cage” for the national debt, the deficit, the unfunded liabilities, and the out of control spending.

Keep the penny and let’s not forget WHY it’s worthless!

If you doubt any of this rant, listen to the Tom Woods podcast and how the FED enables war.

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MONEY: Investing short term earnings and long term as well?

Friday, May 1, 2015

I am a single mother who is looking to invest my money. What suggestions do you have for something that will be good for short term earnings and long term as well?

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I’m a big fan of Ric Edelman, the Financial Advisor, who does a weekly radio show for decades. He says that his objective to help people become rich.

(Disclaimer: I’m a Client for several years and get nothing for giving this recommendation.)

He offers — and several of my coworkers have taken them up on it — to spend some time with ANYONE regardless of possible account size and help identify your goals and suggestions how to reach them.

One specific coworker had a job, a mortgaged house, and nothing else. One of their Financial Advisors has spent four hours with her over the last three months coaching her financially. So I’d recommend that you talk to one of these guys rather than trying to go it alone.

There is NO obligation to do business with them.

They are registered financial advisers which means they work in your best interest (i.e., the fiduciary standard).

They have an account minimum of 5k$ if you want to have them handle your investments. So, I’d say 1-800-call-ric or ricedelman dot com.

I worked on Wall Street for a couple of decades, managed my own portfolio, and I wish I had found them much sooner. Just my opinion.

Remember the sources of my education! I’m just a fat old white guy injineer with:

  • Law “degree” from watching Judge Judy;
  • Medical “degree” from watching Doctor Phil;
  • Building “degree” from watching “Holmes on Homes”;
  • Investing “degree” from reading about Bernie Made-off;
  • Finance “degree”from listening to Ric Edelman;
  • Sensitively managing Human Resources from watching Chef Ramsey; AND
  • Creating loving /  caring human relationships from studying the movie roles
    of Gunny Ronald Lee Ermey! 

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