Why should you be concerned about our nation’s GDP? Isn’t that something for economists and politicians to worry about? I’ll give you the short answer first, and then later I’ll explain in more detail.
Do you care about your overall family income? This can be a combination of one or more salaries plus money earned from a business, rentals, or investments. If it drops, do you worry? If it increases, do you rejoice? If you care about how much money makes its way into your bank account, you should care about GDP. GDP is the growth in the value of all the products and services produced by our nation, and it directly affects your pocketbook. A strong GDP means more jobs, better personal income, and higher savings for retirement and college for your kids.
It seems like everywhere you go people are talking about Gold and Silver. Why would people care so much about what some people call a “barbaric relic”?
History - Gold and Silver are the only money used in the Bible - a six thousand year history. Worldwide, Gold and/or silver have been the foundation of every successful economy. Nations that adopted “fiat” currency – paper money backed by nothing, but enforced by the government – have failed. In fact, the lifespan of fiat currencies internationally has been an average of a mere 37 years. Closer to home, the Founding Fathers set Gold and Silver as the only Constitutional money. It took what many consider to be unconstitutional government action to change those provisions of the Constitution.
Safety - The Gold Index is often referred to as the “Fear Index.” When “wars and rumors of wars” arise, people dump their paper money in favor of Gold. It has been a safe store of value for thousands of years. Gold is one of the rarest elements on earth, and the only one to be universally accepted as money. Silver, although not nearly as rare as gold, also falls into this category. You might say that Gold is the King, while Silver is the Prince. In addition to their monetary value, both have decorative value (jewelry, vases) and strong industrial uses. And, as the TV commercials say, unlike any other asset class, “Gold has never gone to zero.”
Protection - Gold and, to a lesser degree, silver, have done an admirable job throughout history of protecting personal assets against the cancer of inflation. Most countries have experienced Hyper-Inflation at some time. All nations have experienced some degree of inflation. An interesting fact is that an ounce of Gold or Silver has bought roughly the same amount of food, clothing, labor, materials, and shelter for over three thousand years. This is because...
I was asked by my long-time friend, Pastor Jim Collins, to speak on Free Enterprise the Sunday before Independence Day. We decided to do a joint message, in an interview format. I thought you might like to view it.
Warning: You may be surprised by our conclusions. It turns out that all we have been taught about capitalism and democracy isn't true.
You’ve built your life, your house, and your business or career. What about building your legacy?
Proverbs says that we are to leave an inheritance for our children’s children. Did you notice something strange? It doesn’t say to leave an inheritance for our children, but rather to their children. I don’t think that precludes inheritances for our children, but rather it extends the concept to the next generation. In other words, it speaks to the concept of legacy.
The crypto economy continues to grow with a market capitalization of over $280 Billion USD. Unlike other financial markets, when you own cryptoassets it’s up to you to ensure their safety. Cryptocurrencies and tokens are bearer instruments and no bank or central authority is going to come to the rescue if you lose them. And the fact is losing cryptoassets is not difficult. Use this guide to ensure you keep your crypto funds safe. (Feel free to share this.)
The Founders decreed in the U.S. Constitution that Gold and Silver would be our money. In doing so they acknowledged that Gold and Silver had been money since the beginning of recorded time. Gold and Silver are also the only Biblical money. (See Genesis 2 and Haggai 2.)
For 145 years our nation did not have the constant monetary crises we have today: Inflation, Deflation, Recession, Stagflation, Depression. The value of the dollar remained constant until 1933 when Franklin Delano Roosevelt (FDR) committed the Crime of the Century. He used an Executive Order to take the U.S. off the Gold Standard that had served us so well. He stole 40% of the nation's wealth from private citizens. And he started our nation on the path to Socialism.
There are all kinds of gifts you can give this Christmas - but some are harder to wrap than others!
I know Christmas is several weeks away. But you need to act now if you want to give a really significant gift – one that can change lives, and even save lives. Compassion International (www.compassion.com) is a wonderful organization that ministers to both the physical and the spiritual needs of impoverished people around the world. And they always make sure that people know the help they give comes from people who love Jesus.
Think how terrible you would feel if your obstetrician told you your new baby had a birth defect that he or she would have to live with for life. As terrible as that would be, it only happens to a tiny fraction of children born in America.
But believe it or not, EVERY baby born in 2016 inherited a terrible burden they will bear for life. If your baby was born in 2016, he or she already owed $42,537 of the National Debt. By the time they turn 18, their share of the National Debt will be $68,454. And when they are 34 they will owe $116,904.
A few years ago, as the stock market experienced wild ups and downs, I watched 5 guest panelists on CNBC express their opinions on the reasons for the volatility. Actually, seven people interrupted and talked over one another in their zeal to get their points across. The two hosts, who were supposed to be interviewing the five panelists, spent most of the time expressing their own opinions. The one common denominator was that all seven continually referred to "The Fed," wondering how that institution might move to solve the problem. I had to laugh. These were supposedly sophisticated people, representatives of financial and educational institutions and think tanks. And yet they seemed to be as painfully ignorant of the truth concerning the "The Fed" (more formally known as 'The Federal Reserve System') as the average American on the street.
Officially, 8.3 million Americans are unemployed (5.5%). In reality, 22.81 million (13.3%) are out of work. The official number isn’t even in the right ballpark. It’s a national emergency. Here’s the proof...
2016 was the year of “never happened befores” and wrong bets. Brexit wasn’t supposed to happen, but it did. The EU was supposed to expand, but it contracted, as Switzerland, Sweden, Iceland and others withdrew their applications. The EU utopian idea of open borders and an end to the sovereign nations of Europe is gone, as borders are closed and many more referendums on exiting the EU are coming. Clinton was supposed to win, but Trump did. The US economy was supposed to have a growth rate of 2.8%, but it didn’t, and interest rates were supposed to be raised four times, but like the year before, they were only raised a quarter point in December. The Japanese economy was supposed to expand and the yen was supposed to devalue, but they didn’t, instead the yen rose and the BOJ dropped interest rates to negative.1%. Assad was supposed to be defeated and the rebels were supposed to create a democracy, but they didn’t, and now the Assad government is poised to retake control over Syria with the help of Russia.
The politicians think they have pulled a real sly trick on the American public with buying into and propagating the Boskin Commission’s Core Index method of reporting inflation. By using this method they have avoided raising COLA payments to seniors on Social Security, veterans pensions, and federal employees pension. No one has been able to break this stance and many in the media simply take it as okay and meekly mumble that inflation is under control according to government reporting. This is blindness, self-inflicted.
My wife’s mother cried the first time she saw Ritz Crackers in a US store. Why? She had just emigrated to this nation, and eating Ritz Crackers was one of the many good memories she had of the time when Cuba was still Cuba. Once Castro took over the nation, most of the good things ended.
While they still lived under Castro’s oppression, and after they came here, her mother told her many things about the time “When Cuba was Cuba.” She told her about freedom, property rights and individual choice about such things as where one’s children would go to school.
In 2015 the Dow Jones Industrial Average lost 398 points, after being up in 2013 & 2014. On January 4, 2016 the Dow opened at 17,425 and five days later, closed at 16,346, down 1079 points, wiping out all of 2014's gains and 230 points of 2013's gains. This means that most people who have been in the US stock markets for the last two years have virtually earned nothing.
Last Sunday, I was in the city of Manila speaking for one of the many Victory churches in the Philippines. The Victory church network there was addressing the subject of wealth in a series entitled The Fine Line. My speaking assignment was on what the Bible has to say about selfishness and generosity. Let me share a bit of what I shared with the Filipinos on this subject.