Since our government has embarked on its suicidal mission to massively increase the amount of worthless dollars it prints, I have embarked on a mission to protect my family from the government’s recklessness.
I referred to Mayor Bill DeBlasio in a recent article as the Village Idiot of New York City. He lies constantly, makes huge mistakes that have cost thousands of lives, and blames everyone else for his stupidity. On that basis, Mario Cuomo deserves the appellation of Village Idiot of New York State. He has become the male equivalent of Hillary Clinton in the “blame everyone but me” department.
Cuomo personally has the blood of at least 10,000 New Yorkers on his hands, because he forced nursing homes with no China Virus patients to accept 6,500 known infected people. The results were swift. The Virus spread through the nursing homes like wildfire, killing most of the helpless senior citizens who had been kept safe by the nursing homes. He should be indicted – at the least – for negligent homicide, impeached by the NY legislature, and sued for his last penny by the families of the elderly he killed with his Executive Order.
He has run NY State like a dictator, ignoring the legislature and the people, and has made blunder after blunder. By doing hours-long press conferences every day, he blackmailed the federal government into...
I have been watching with great interest the ever-expanding list of retail stores and other institutions that accept Bitcoin or other CryptoCurrencies as payment. Just this week, for instance, Ohio announced that starting Monday it will accept digital currencies as payment for all types of taxes. One of my friends, who is the top crypto-currency trader in the U.S., has bought numerous vehicles and five houses using Bitcoin and other “alt-coins”. And thousands of websites now accept CryptoCurrencies as payment for all their good and services.
But this article is not so much about the CryptoCurrencies themselves but about the “Blockchain” that allows digital money to exist. Blockchain technology is going to change the way all business in the world is done. In fact, it has already started. “Smart Contracts” (the subject of another upcoming article) are making it easier for businesses to do transactions (especially internationally) without having to make use of an escrow agent. International money transactions can be done in seconds rather than the days it takes for international wires – and at far less cost. Banks now transfer money to one another using a respected digital currency.
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.
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.
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.
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...
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.)
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.
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.
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.
When the United States was founded, extreme financial discipline was the rule, not the exception. If the nation did not have the money to acquire an asset or construct a project, it did not spend the money. How quant this concept would seem to our politicians today, who don’t seem to understand the meaning of the term “fiscal restraint.”
Before we put any money into the stock market, we need to define our trading personality. The first step in this process is to determine whether we are traders or investors. Investors usually hold positions for a longer period of time than traders.
Once upon a time the United States of America was the world’s wealthiest nation. The dollar was 100% backed by gold. In 1933 the US was on the Gold Standard under which our currency explicitly certified that the there was on deposit in the US treasury Gold payable upon demand to the holder. You could take a $20 bill to any bank and receive a one ounce gold coin in exchange.
The nation of Cyprus has beaten out Britney Spears, murder trials, and basketball for attention in the news cycle for the past week. The only problem is that most TV viewers have little or no idea of where Cyprus is and its significance.
Have you ever heard the media, insurance companies and government officials refer to "Acts of God"? Basically, they blame God for everything from earthquakes to hurricanes. We could debate the theology of this type of thinking, but we'll leave that for another time.
Obama is woefully ignorant concerning US history, or he wouldn’t keep saying that the US has never defaulted on its debt. He has also stated that a default would be “catastrophic.” Neither statement is true. I will demonstrate to you in this article that the US has defaulted on its debt obligations THREE times – and survived. In addition, the US has defaulted on two monetary instruments in its short history. So, if we default it will not be the first time it has happened.
If George Washington were alive today, he would be angry to see his likeness being used on counterfeit currency. There are trillions of dollars of U.S. currency of all denominations in circulation today, bearing the portraits of various dead presidents. They are all counterfeit. And the U.S. coins you have in your pocket or purse? They’re counterfeit as well.
My wife’s mother once told her, “Your education is your inheritance.” Her family had escaped from Castro’s Cuba when my wife, Ana, was 11. They lost everything, including her father’s business, when they left. Although he worked hard in this country, he was almost 50 when they arrived in “Estados Unidos,” and was never able to build up much wealth.
The Dow Jones Industrial Average closed above 14,000 on Friday for the first time in five years. So what? One of the biggest lies in financial circles is that the stock markets reflect the American economy. The reason that many people believe the lie is that it used to be true. This falsehood was particularly helpful in Obama’s bid for re-election.