The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k
According to the article The Market Is Shorting Obama’s ‘Stimulus’, we’ve just had the worst January in over 113 years of the stock market. Professors of Finance, Ecomonics, and Law at the University of Kansas and George Mason University report that the stock market is not impressed by Obama’s stimulus. Read the whole story here.
While 99% of the stories out there that use logic and reason to argue [Read more...]
Our economy is 70% consumerism. That means it is mostly based on individuals buying stuff. So the current setup of our economy holds two basic facts:
That said, should we even care about “the economy” in its current setup? If individuals were really doing what is good for themselves (saving and investing), it would be terrible for the economy.
So could Obama’s stimulus really work? Absolutely not. Not if you consider “it really working” to mean more than just temporarily. We don’t need a stimulus. We don’t need a boosted economy. We need a changed economy. There are only three ways out of [Read more...]
If 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 [Read more...]
$18,400,000,000.00
18.4 billion dollars. According the NY state comptroller, that’s what was paid out in bonuses on Wall Street last year as the American people lost nearly half of their investment portfolios… about the same amount in bonuses that were paid out in the supposed boom of 2004.
Obama is concerned because he thinks Wall Street’s greed may undermine the government’s plan to rally support for trillions more in “bailout” and “stimulus” packages. Read the whole story here.
