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The Hidden Meaning Behind the State of the Union Address January 29, 2010

Posted by Jeff Nabers in : Hyperinflation , 4comments

I just started watching the State of the Union address on Youtube and was immediately sickened.

I guess I should tell you that I’ve been physically ill since last weekend, but Obama’s speech isn’t helping. It was way too reminiscent of the scenes in the book (or movie) 1984 where the public is forced to participate in mass hate and love demonstrations for their enemies and leaders.

The Painter Announces He Will Install the Plumbing

The first thing that blows my mind about what was spoken on the topic of economics is the absolute retardation of reason. Nobody in the government knows anything about economics. Time and time again, they make predictions and statements that turn out to be completely wrong. These people (Congress, the President, and other bureaucrats) are not economists (and they only acknowledge the economists who support the philosophy of never-ending increases in government spending and power).

They are not the bringers of solutions. If our problems went away, then they’d lose their jobs because we’d have no need for them. They are problem-creators. They are hired to fail.

We are expected to celebrate an announcement that the stimulus worked? Hey didn’t the last President announce (more…)

Audit The FED, Why Not? – Thomas Woods Author of Meltdown Interviewed About Ron Paul's Bill HR 1207 October 29, 2009

Posted by Jeff Nabers in : Money , add a comment

We recently caught up with Thomas Woods the author of the best selling book Meltdown. Learn what he has to say about auditing the Federal Reserve (FED).

Currently, over 300 (more…)

How to break America’s 401(k) addiction May 19, 2009

Posted by reformedinvestor in : Money, Self Directed IRA Solo 401k , add a comment

[Contributed by reformedinvestor]

This is my favorite excerpt taken from the interview between Steve Kroft of 60 Minutes and Brooks Hamilton, who Kroft interviewed in his expose on 401(k)s.  Hamilton is an expert in designing retirement plans for large corporations.

“The fact is that the typical 401(k) investor is a financial novice. They don’t know a stock from a bond. And we give ‘em a list of 20 or 30 mutual funds with really, really powerful names, you know, they sound like, ‘Gee, that’s where I want to have my money,’” Hamilton said.

“What are the, generally, the quality of the mutual funds in 401(k) plans?” Kroft asked.

“Mediocre,” Hamilton replied. “I’m being real honest with you, with half the funds on the list really dogs, what people would characterize as dogs shouldn’t be on the list to start with.”

So many Americans believed that the 401(k) would be the sure-fire way to safely save for retirement.  In fact, it has been reported that 401(k) plans that have become the primary source of retirement income for 60 million Americans. Companies would match our contributions making it irresistible to sock away money in these mutual funds.  But the truth is, as exposed by 60 Minutes a few weeks ago, that companies turned to 401(k)s as a cheap alternative to offering costly pension plans.  This decision created millions of new employee investors in Wall Street – creating a boom on Wall Street and putting trillions of dollars of investable cash into the hands of unsophisticated investors.

In the 60 Minutes piece, however, experts in the field say (more…)

Who will arrest the investment police? May 17, 2009

Posted by Jeff Nabers in : Self Directed IRA Solo 401k, real estate , add a comment

arrest clown

An unsurprising story surfaced a couple of days ago… SEC attorneys are under investigation for insider trading!

If you can’t truly value that exclamation point I just used, let me help you. The Securities & Exchange Commission (SEC) is a government organization that was formed to convince us that investing in the stock market was safe. Part of their role is to make sure people don’t use their non-public knowledge to make profitable investments in the stock market (yeah, right). This is called “insider trading”. In business, this is known as “doing business”. In real estate, non-public knowledge can turn a peon into a mogul overnight. But in the stock market it is a crime and we give the SEC billions of our dollars to make sure it doesn’t happen.

But, whoops, SEC attorneys are doing it themselves. And a lot. One of the two SEC attorneys currently under FBI investigation made 247 stock (more…)