What is inflation? I believe this is the most important financial question a person can ask. I am constantly on a trek to better understand money and wealth. Here is some of what I've learned thus far: Per its original meaning: Inflation is not a rise in prices Inflation is a rise in the money … [Read more...] about The Most Important Financial Question You Must Ask
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?
While everyone argues about what the government should be doing, 2 very fundamental factors are ignored. In this video I discuss those factors. One thing I didn't include … [Read more...] about Why Does Government Fail?
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
The Fed's activities for over a decade have been very focused on creating inflation (an increase in the money supply). Allan Meltzer wrote a great article the other day summarizing how inflation isn't the solution to our economic problems... it's the cause. He revisits how Fed chairman Paul … [Read more...] about NY Times' Meltzer Calls for Fed To Stop Causing Inflation
Recently I received a question from somebody looking into self-directed IRA/401(k) investment for themselves. They said, "I ran this by my financial planner in New York who said to roll over my IRA to put some of its money into my home is illegal." This statement is technically correct. Putting IRA … [Read more...] about Is my home an investment?
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 … [Read more...] about Tool for Battling Coming Inflation
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