Is the Health Care Bill a Distraction From What’s Next? March 24, 2010
Posted by Jeff Nabers in : Hyperinflation, Money, Self Directed IRA Solo 401k , 11comments
Everyone is talking about health care. “How could the politicians do this with a strong majority of American in opposition?”
This video provides some insight into the never-ending string of government takeovers, and seeing the whole picture is alarming. One lesson from all of this is that complaining doesn’t work. Neither does disapproving. What does work is being prepared to defeat government takeover attempts.
Discussed in the video is what I believe is one of the most fundamental characteristics for a free society. Enjoy!
Tool for Battling Coming Inflation February 19, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA Solo 401k , add a commentIf you’ve been following my blog, you know that I take great interest in understanding money. Why every single human who uses money on a regular basis doesn’t also share this interest is beyond me.
With trillions of dollars created by actions of Congress, the Federal Reserve, and the Treasury Department, the concern for coming inflation can only spread. This video explains why tax deferred investment vehicles are the best tool for battling inflation and can possibly even (more…)
CPI Explained – Part 1 – Hedonics November 3, 2008
Posted by Jeff Nabers in : Hyperinflation, Money, Personal Enjoyment , 3comments
While the measurement of inflation varies wildly depending on which economist you talk to, here we will examine the official figures published by the Bureau of Labor Statistics (BLS): CPI or Consumer Price Index. The purpose of publishing CPI is to measure inflation and/or deflation, the decreased or increased buying power of the U.S. dollar. Awareness of inflation is essentially an awareness of how much our central banking system, the Federal Reserve, is printing or destroying money through “monetary policy.” This side of economics can get confusing, but it doesn’t have to be. This account will be an understandable explanation intended for accountants and laymen alike.
CPI is not calculated the same today as in the 70s & 80s
While remarkably high inflation is a key part of our memory of the 70s and 80s, if today’s CPI calculation methods were applied to the 70s & 80s, the CPI figures would be revised to show very low inflation – probably under 6%. Why? Two important concepts have (more…)
Monetary Base up 38% Year-to-Year October 27, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k , add a comment
According to John Williams’ Shadow Government Statistics October 26 Flash Update, year-to-year
Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars.
The lesson? Don’t hold U.S. Dollars. Seems kind of tough if you live in the U.S. though, doesn’t it?
Foreign bank accounts have been used for decades as a means to hide income and assets from taxation… sometimes legally, sometimes illegally. I believe the coming hyperinflation will foster a whole new flight of capital into foreign bank accounts for a different reason: (more…)
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