MONEY: Save the penny; it’s educational

Friday, May 22, 2015

http://www.makeuseof.com/tag/keep-using-cash-support-killing-penny/

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 http://tomwoods.com/podcast/ep-397-the-fed-the-lifeblood-of-the-empire/ and how the FED enables war.

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

Friday, May 1, 2015

https://www.quora.com/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?__snids__=1105045430&__nsrc__=2

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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MONEY: A gold Drachma?

Saturday, March 14, 2015

http://www.lewrockwell.com/2015/03/frank-hollenbeck/deadly-government-labs/

Five Steps to Fixing Greece’s Debt Problem
By Frank HollenbeckMises.org
March 5, 2015

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Step Five: Fix the New Drachma to Gold

Gold has many drawbacks, but gold’s primary advantage lies in the fact that it constrains current and future governments from using the printing presses to finance government expenditures. Once the tie to the euro is broken, Greece should then fix its new currency to gold. Even though Greece has no significant gold reserves, it can follow the example of Germany in 1923 when a broke Germany slowly returned to a gold standard by first fixing its money to non-gold commodities (i.e., rye bread in the German case).

By instituting true austerity and freeing the banking sector from the euro and the EU, Greece could go from being the example to avoid to the example to emulate in a relatively short period of time. With such a financial structure, Greece would benefit from long-term financial and economic stability. It would force Greece to make hard choices up front, thus avoiding later problems in the first place.

*** end quote ***

I’d want some of them. Or any hard money currency tied to something!

As a non-enconmist, I’d assume that there would be a capital inflow with a hard money currency.

Akin to the Swiss Franc, that’s becoming a proxy for a strong fiat currency.

And, if Russia or China do it, then that is the end of the US dollar as the world’s reserve currency.

Whatever happened to the gold dinar?

Remember what happened to Saddam when he made noises about wanting to be paid in gold for his oil?

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MONEY: 401(k) Programs — Methadone for the Middle Class?

Tuesday, February 10, 2015

http://www.garynorth.com/public/13421.cfm

401(k) Programs: Methadone for the Middle Class
Gary North – February 06, 2015

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Methadone is a legal drug that is taken by former heroin addicts. It eliminates the “rush” that heroin offers, but it also eliminates withdrawal symptoms. It lets heroin addicts escape the need to buy the expensive illegal drug.

Methadone is for heroin addicts who just cannot bring themselves to go cold turkey from an addictive drug that distorts their perception.

That is what a 401(k) retirement plan is for middle-class workers.

*** end quote ***

Even a gold bug, such myself, understands the concern that the 401k may not be enough.

And, the younger the person, the more they are at risk.

Clearly SocSec isn’t enough retirement savings, especially when the Gooferment cheats on inflation, COLA, Medicare rates, and — of course — the ULTIMATE cheat making SocSec ½ taxable income!!!

A similar concern exists with 401ks and IRAs. The “rules” can be changed. And, when you think of the 18T$ “debt” and 17T$ in tax deferred savings accounts under the control of about 2100 “custodians”, it’s not hard to imagine the political mischief that could emerge. There was a “trial balloon” about “saving” “We, The Sheeple” from “market risk” by swapping the 401k/IRA money for an “enhanced social security benefit”. It died a quiet death, but bad ideas are like Dracula rising from the grave.

So while I think folks “must” participate in the 401k / IRA system, they must also realize that there is a “counter party risk” and you better have other assets.

For once I’m glad I’m old.

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MONEY: Having a pantry and a garden might be a good hedge for the future

Wednesday, February 4, 2015

http://www.granny-miller.com/survivalist-prepper-or-housewife/

Survivalist, Prepper or Housewife?
by Katherine Grossman • November 4, 2012

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The average American housewife for most of the 20th century didn’t work for wages. Food, clothing and shelter were her specialties. She knew how to cook, sew family clothing, kill and dress a chicken and get by without electricity or indoor plumbing if she had to. She had a full pantry, backyard garden, raised her own children and had plenty of time for her outside interests and community. She also didn’t have a car payment, a TV, credit card debt and managed to marry and stay married.

The average American housewife from 1920 – 1970 would today be considered a survivalist. For many of you reading this, your great-grandma was a hard-core prepper.

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I humorously shared this with all the “gals” I know.

I remember my Great Aunt Marion and her basement full of “stuff” — wrote about it in CHURCH. It was impressive.

I was told that my paternal Grandmother Reinke in Portland had a prodigious pantry, “root cellar”, and “cold storage” that was under her log cabin house and it was actually bigger than the house. This was the woman who didn’t have electricity until the 50’s and a frider until the 60’s.

I often rant on my blog that it takes “two income families” today because one person works to pay the taxes.

Not sure if we can EVER regain our lost freedoms. Not sure if we can ever get back to simpler times. But, I am sure that there will be hard times ahead.

Having a pantry and a garden might be a good hedge to have.

(Marge François is the only one I know who has the knowledge and skills to pull that off. Maybe I can induce her to move to New Hampshire and join Kelly’s Dad raising more that purple potatoes.)

Laugh.

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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

  • Low costs
  • Our expenses and fees, among the lowest in the industry, allow more of your money to work for your child.
  • Easy investing
  • Choosing an age-based option and
  • an automatic investment plan (AIP) could mean almost no work for you.

Experience

  • 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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