“What my friends love most about me…”
My bright and cheery disposition as evidenced by my “celebration” photos on FACEBOOK?
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FUN: Random question?
Saturday, April 6, 2013
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Posted by reinkefj
MONEY: Savings in bullion for education and retirement
Friday, April 5, 2013http://www.silver-coin-investor.com/Storing-Silver-for-the-Next-Generation.html
Avoiding the Student Loan Bubble With Silver
Obviously, the growing costs associated with education — as evidenced by the trillion dollar student loan bubble with an unprecedented and growing 17% default rate — seems unsustainable to say the least.
A seemingly meager investment in silver made at today’s prices could eventually prevent your childrenfrom having to rely on student loan debt where they would end up owing a large amount of money by the time they graduate. This logic might even impress those investors who are not otherwise predisposed to understanding or otherwise caring about the white metal.
For example, making just a $30,000 investment in silver today for your children’s education will most likely grow in value many times over a holding period of 15 years. Silver’s future appreciation will very likely outpaceboth the consumer price inflation index, and will probably even exceed the higher rate of inflation in college education, which is currently running at ridiculous levels.
Furthermore, if your child ultimately decides not to go to college, or gets a scholarship to fund their studies instead, your prudent investment in silver will provide quite a nest egg to help them start out in life, buy their first home, etc.
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Interesting. I wonder if non-IRA/401k savers will use the bullion round to fund their future retirement.
When I look at the cost of living as denominated in silver and gold, the monetary inflation is wrung out.
Perhaps, that’s what savers should be doing.
By holding the bullion, you eliminate inflation, counterparty, “Cyprus” / custodian, Gooferment, and rate of return risk.
Rate of return risk is an interesting concept. When using dollar denominated savings, one calculates the rate of return. But it doesn’t include the “inflation” rate. Savings today have a small nominal interest rate and an undetermined inflation rate. The Gooferment claims it is zero. It doesn’t feel that it’s zero.
So if I “save” in ounces of silver, then I know my rate of return is zero. But, the good part is that I can’t lose ground.
Money is no longer a reliable “unit of account” or “store of value”. Bullion is the “new money”.
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Leave a Comment » | MONEY | Tagged: counterparty risk, Cyprus risk, education business, inflation rate, retirement security, savings rate | Permalink
Posted by reinkefj
INTERESTING: Libraries will morph
Thursday, April 4, 2013http://www.impactlab.net/2013/04/03/top-5-innovations-that-show-libraries-dont-have-to-disappear/
April 3rd, 2013 at 11:22 am
Top 5 innovations that show libraries don’t have to disappear
in: Analysis,People Making a Difference,Science & Technology News
Bookless library
Despite the meaning of the name, library (derived from liber, which is literally a Latin word for “tree bark”), libraries insist that they are actually a hotbed of innovation. And surprisingly they are, to some extent, it’s true.
Yes, the “browsing” that libraries are constructed around is completely antithetical to how information is browsed on the Internet. But the existential threat posed by the web has driven libraries public and private to rethink how they can provide people with access not simply to dead trees, but to “information.” Here are five of the most interesting examples:
1. The Bookless Library
A judge in Bexar County, Texas made waves when he announced his intention to build a library without any books at all. That’s somewhat of an overstatement; there will be no paperbacks and no hardbacks, but BiblioTech will have a surplus of e-readers, making the text itself accessible to anyone with a library card.
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Leave a Comment » | INTERESTING | Tagged: Analysis, People Making a Difference, Science, Technology | Permalink
Posted by reinkefj
RANT: Easter sermons should NOT be political
Wednesday, April 3, 2013Faith
Pastor at Obama’s Easter Church Service: ‘Captains of the Religious Right’ Want Blacks ‘in the Back of the Bus,’ Women ‘Back in the Kitchen’
Mar. 31, 2013 1:26pm Madeleine Morgenstern
*** begin quote ***
The pastor at the Washington, D.C. church where the Obama family celebrated Easter on Sunday said members of the religious right want blacks “in the back of the bus,” women “back in the kitchen” and immigrants “back on their side of the border.”
*** end quote ***
Perhaps the good Pastor missed the message of Easter?
Peace on Earth, Good will towards man, universal forgiveness.
A political attack on the right, or the left for that matter, from the pulpit is unseemly.
To a President, who seems to thrive on being a spendthrift and creating division in the country, a better sermon might be about the “brotherhood of man”, the parable of the talents, or the admonition to save for a rainy day.
If he claims not to have heard anything from Reverend Wright, then it probably doesn’t matter what is said.
Shame to waste the day on divisivness.
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Leave a Comment » | Ranting | Tagged: BHO44, Dignity, Eqaulity | Permalink
Posted by reinkefj
QUOTE: Churchill’s pigs
Wednesday, April 3, 2013“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” – Winston Churchill
I am watching a show about the poor in RIo.
Sad to see so much human capital wasted!
When I think of what I pay in “taxes” — that is nothing more than theft for fat connected cates, it makes me sad.
But then everything thse days seems to make me sad!
–30–
Leave a Comment » | Quotes | Tagged: species | Permalink
Posted by reinkefj
ECONOMICS: The “ugly chicken” of unfunded liabilities
Tuesday, April 2, 2013http://www.survivalblog.com/2013/03/become-your-own-central-banker-by-lbg.html
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Today the U.S. has spent the nation’s blood and treasure as well as our emotional capital on the conflicts in Iraq and Afghanistan. We have become involved in Libya, Egypt, and Syria. Potential issues with Iran and North Korea loom large. There are 47 million people on food stamps. Unreported millions are unemployed. Spending on social programs has exploded. The housing market collapsed and has never fully recovered. The banking system is on life support. The Federal Reserve is purchasing $85 billion dollars each month (a trillion dollars a year) in U.S. Treasury issues because no one else is willing to do so. Despite government statistics and reports Inflation has driven prices on energy, food, clothing, health insurance, and everyday items beyond reason. Expenditures outstrip tax revenues. Government spending is out of control and we are approaching $17 trillion dollars in national debt with untold (and unfathomable) amounts in promised future benefits, entitlements, mandates, and promissory notes. By some estimates the U.S. has 238 TRILLION DOLLARS in unfunded liabilities. We can’t cover it. We are flat busted. And if our leadership refuses to address and fix the problem, the rest of the world will fix it for us.
*** end quote ***
And why are the Sheeple and Clovers happy? Dancing Idol is on TV!
Fools.
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Leave a Comment » | ECONOMICS | Tagged: debt crisis, deficit, inflation rate, unfunded liabilities | Permalink
Posted by reinkefj
ADMINISTRATIVE: Blue hair?
Monday, April 1, 2013I have challenge a friends daughter in law to a donation to the Autism charity of her choice if she’ll dye her hair blue. TO add a little zest, I’ve offered to dye mine blue if there’s a 500$ donation.
As Doctor Zia said: “No partial credit”; the price is 500$ in sum.
–30–
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Posted by reinkefj
RANT: Rewriting history?
Monday, April 1, 2013Sports
Elite Eight Basketball Player Snaps Leg in Game — See Pictures of the Pain, Teammates’ Emotion
Mar. 31, 2013 6:39pm Liz Klimas
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Sports Nation reporter Roger Sherman described the injury as looking as “horrible as soon as it happened — we’re gonna go ahead and not show it to you; it’s really not the type of injury that’s typical in a basketball game — but I think you can pretty much gauge how bad it was from the reactions of his teammates and coach Rick Pitino.”
Teammates fell on the court, wiping their eyes in emotion seeing Ware’s state. Duke players too were filled with compassion toward their opponent.
Here is footage of the scene (Note: it might be consider graphic to some):
*** end quote ***
“No longer viewable due to a copyright claim by CBS”
So history is no longer the province of the People.
Want more proof that the Media manipulates the news?
Anyone want to claim that this is not “news” and in the public interest?
Hope the man recovers as promised, but I still object to the manipulation of history.
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Leave a Comment » | Ranting | Tagged: copyright, hsitory, Media | Permalink
Posted by reinkefj
ECONOMICS: “Mattresses” money?
Monday, April 1, 2013http://www.deviantinvestor.com/3444/its-head-for-the-mattresses-time-for-savers-worldwide/
It’s head for “the mattresses” time for savers worldwide
Posted by Deviant Investor on March 28th, 2013
Guest Post from Liberty Gold and Silver
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Well, there is another turf war going on, a worldwide one, one that threatens the entire economic and political landscape of the planet. It is between all the hard working savers on the planet and the ever greedy criminal bankers and their cohorts in government. The real big canary singing out an extreme danger warning to all traditional savers who wish to entrust their wealth to banks and other paper vehicles – stocks, bonds, etc., is the incredible emergency banking shutdown in the tiny island nation of Cyprus. Granted, Cyprus represents only .02% of the population of the European Union. Yet what is occurring there is the harbinger of great risk to traditional savers on every continent; and equally important, there are many more scary danger signs raising their ugly heads as well.
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Of course, Sheeple, it can’t happen here.
Why not?
Do you think that our politicians and bureaucrats are more “trustworthy” than theirs?
I keep looking back to the unfunded liabilities that the politicians have created in our names and the IRA/401k savings balances.
I’m sure that they are looking at the fact that they only have to strong arm about 3k “custodians” and it’s all theirs.
And what are the Sheeple and Clovers going to do about it?
When they are putting people in the camps, it’ll be too late.
Can’t happen here?
Talk to the Japanese Americans, the American Indians, the follower of David Koresh!
In a heartbeat.
Argh!
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Leave a Comment » | ECONOMICS | Tagged: bank fraud, counterparty tisk, inflation rate, insolvent | Permalink
Posted by reinkefj
Reinke Faces Life 