The U.S. House is going to debate the "Audit The Fed" bill. I don't pay close attention to what's being debated and passed on the floor of the Senate of House of Representatives because what's usually written up, sponsored, and voted on isn't even read by our Congressmen. This Audit the Fed bill … [Read more...] about Could We End The Fed?
Here are a couple highlights for a recent post over at Daily Reckoning regarding the bank stress test results. Banks need about $75 billion to reach "adequate capitalization" "Adequate capitalization" is when common equity equals 4% Common equity being at 4% means a debt-to-equity ratio of … [Read more...] about Deciphering the Bank Stress Tests
*** This is Part 3 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 and Part 2 first to make sense of this post. *** The illegitimate custodian test Ask "Who should the check be payable to for the rollover contribution or transfer?" Ask "If my … [Read more...] about Warning: Don't let administrators act as custodian – Part 3
*** This is Part 2 of a series about the dangers of letting an administrator act as custodian. Make sure you read Part 1 first to make sense of this post. *** Signs that your custodian may not really be a custodian They sometimes call themselves an administrator. "Administrator" is an accurate … [Read more...] about Warning: Don't let administrators act as custodian – Part 2
CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar Deficits | A Bipartisan Plea for Fiscal Responsibility | The Government We Deserve CNN to Broadcast I.O.U.S.A. The public has spoken, and we've listened. In response to demand for information about our country's financial challenges, … [Read more...] about I.O.U.S.A viewing this weekend on CNN
To have a self-directed IRA, unlike a Solo 401k, you must have a self-directed IRA custodian... and you should stay away from unregulated companies masquerading as a custodian. A self-directed IRA custodian is one that will have less investment restrictions than the more common tradition … [Read more...] about Warning: Don't let administrators act as custodian
I ran across this video recently. There are a lot of videos about the Federal Reserve, but this one is rather interesting because it contains a interview footage with their Corporate Communicaitons Officer. This isn't some conspiracy theorist's take on the Fed, it's the Fed's take on itself. You'll … [Read more...] about Meet The Fed
This picks up where a previous post left off. You may want to read that post first in order for this one make sense. Looking at the picture above, I can only imagine that this is the way that the following idea was made into government policy. The second major way BLS's CPI calculation policies … [Read more...] about CPI Explained – Part 2 – Substitution