Friday, April 19, 2024
Las Vegas – the gambling capital of the world. Nevada heavily regulates the casinos; requiring a certain percentage paid back to the gamblers. They pour billions into their posh establishments, enticing customers into their casinos and make huge profits – legally. If the public felt the casinos are rigged, they would lose customers, jobs, and […]
Fed Chairman Jerome Powell’s recent remarks really infuriated me. He is “Whistling Past The Graveyard”, again trying to deceive the public. Wolf Richter shares some of his recent remarks: “Inflation has come in above expectations over the past few months.” “The expectation is that high inflation readings will start to abate.” “We don’t in any way […]
When it comes to guarantees, don’t assume anything! A guarantee is a promise or assurance. While a written contractual guarantee strengthens your legal position, it’s only as solid as the person, government, company, insurer and court system standing behind it. In our article “How Good Is Your Comfortable Retirement Guarantee?”, I assumed some investments were guaranteed, […]
I was failing and didn’t understand why. In 1970, I started my career as an adult educator. My classes were predominantly male. That quickly changed in 1972 with the passage of the Equal Rights Amendment; my clients rightfully complied with the law. My historically excellent course critiques were tanking. The tipping point was when a […]
It’s amazing how many childhood lessons apply in today’s complicated world. In grade school, the older boys told us only babies believe in Santa Claus. I told them my mother said, “As long as you believe, there is a Santa Claus.” They made fun of me. I sought the counsel of our neighbor, Sherwin. He […]
I recently interviewed Chuck Butler about winners and losers during inflationary times. I began with: “Historically inflation hurt creditors and helped debtors as they are paying back their obligations in much-depreciated dollars. I’ve had readers ask about borrowing money to invest. Chuck, that concerns me. Many of our readers are baby boomers or retired. …. Are you […]
Since 2008, pundits are screaming – “Inflation is coming!” They are getting louder; do we scoff at the warnings, or take heed? What if they are right? If we take precautions, what harm can we do to our life savings if it doesn’t happen? Baby boomers worked hard and played by the rules. Most are […]
Pundit Bill Bonner’s article, “Money-Printing Means Inflation for the U.S. Economy”, concludes: “It’s inflate or die. And if anyone gets in the way of inflation… the ‘active shooters’ – in both the private sector and the public sector – start gunning for them. Last week, Treasury Secretary Janet Yellen came under fire for saying she might […]
Last week Chuck Butler and I accepted a challenge from subscriber Charles F. “Describe life in the US 5 years into the loss of our currency reserve status. Winner, Losers, what does gov’t look like on different levels, our position in the world, let your imagination run wild. When I do this my thinking quickly […]
My grandfather was a WWII Army Sargent, an uneducated farmer with a Ph.D. in common sense. One of the lessons he preached; the longer you ignore a problem, the more it will grow. Fed Chairman Jerome Powell never met my grandfather. This Schiff Gold article confirms my grandfather’s thinking: (Emphasis mine) “During a webinar sponsored by the […]
