How to Cope with Your New $50k in Forced Debt This Year March 6, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, Uncategorized , add a commentThere are about 100 million non-government, non-taxpayer-paid workers in the U.S.
$3 trillion normal government spending + $2 trillion additional emergency spending = $5 trillion government spending in 2009.
That amounts to $50,000 of government spending per non-government, non-taxpayer-paid U.S. worker in a single year.
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Microwavable economic epiphany for the lazy or ADD February 23, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, Precious Metals, real estate, Self Directed IRA Solo 401k , add a commentI’ve written several times about what I believe is one of the most important films ever produced: I.O.U.S.A. The film is 80 minutes long and came out in August of 2008. It’s a project of the former Comptroller General of the United States (our government’s chief accountant). He resigned to make this movie to warn our country about the coming financial train wreck of the government.
A few months ago, I linked you to a shorter, free 30 minute version available on YouTube. If you haven’t taken the time to watch the 30 minute or 80 minute version, then here’s the 2 minute, 24 second version;
[youtube=http://www.youtube.com/watch?v=gGgjU-h_xQw]
^— The hidden track record of U.S. deficits as told by the U.S. government’s chief accountant!
[youtube=http://www.youtube.com/watch?v=-FSoXKapKQs]
^– If you can watch this video and (more…)
I am thankful for… November 27, 2008
Posted by Jeff Nabers in : Health, Money, Personal Enjoyment, Personal Productivity, Self Directed IRA Solo 401k , add a comment
…our current circumstances. Rather than ignore the current economic problems, I choose to acknowledge this elephant in the living room during our Thanksgiving holiday.
We are bombarded with headlines like “What will fix our economic problems?” It is absolutely silly. The recession is the solution to the problem of the asinine acts of American government, corporations, and consumers. There is no galactic lottery that our country can win. We have to play by the rules of the game that we started. No person or government can perpetually spend more money than they earn. Such behavior can only be temporary and always leads to self inflicted unpleasantness.
I truly am thankful for our recession because it should help cleanse our government and society of self destructive behavior. We are now forced to (more…)
Consumer confidence falling & the $600 checks to save the day May 5, 2008
Posted by Jeff Nabers in : Money, Personal Enjoyment, real estate, Self Directed IRA Solo 401k , add a commentDid you get your $600 check yet? What will you do with it? Surveys are saying that most Americans will use their “Economic Stimulus” check to deal with gas, food, and catching up on bills. This doesn’t stimulate the economy.
Consumer spending stimulates the economy. In other words, the Department of Treasury sent out checks to us all totaling $150 billion in hopes that we would buy clothes, jewelry, and electronics. Let’s take a step back for a moment and assess how our system works:
Two thirds of our nation’s economic activity is coming from people spending money. When our economy is “going good” it is because people are spending money – often more than they make or have. When our economy is “doing badly” it is because people are saving money or living within their means.
Finances 101
This is America and everyone wants to be rich. How does one become rich?
Make more money than you spend.
Or spend less than you make… in case that hits closer to home for you.
A person following those rules is becoming wealthy, while a person who practices opposite rules is becoming poorer. Here’s where things start to look funny. Our economic system is booming when people are becoming (more…)
