Chuck Butler and I recently discussed how government deficit spending, and monetizing the debt has caused a worldwide awakening. Inflation is killing the value of the dollar, and our creditors understand that. But wait, there’s more! The interview continues…. DENNIS: BRICS used to stand for Brazil, Russia, India, China and South Africa. Global Research reports, Doomsday for the Buck? A […]
» Read moreSince the 2008 bank bailouts, government spending, deficits and debt have hit historic proportions, with no end in sight. US debt was around $9 trillion in 2008, and will soon hit $45 trillion. How can the political class justify such irresponsible, outrageous behavior? Congresswoman Alexandria Ocasio-Cortez (AOC) (former waitress and bartender) advocates the Modern Monetary Theory (MMT). Investopedia defines MMT […]
» Read moreRecently our friends at WHVP published an eye-opening article, The Swiss View: “It doesn’t really matter that much” discussing Fitch downgrading the US credit rating: “Fitch announced that they downgraded the credit rating from the U.S. from AAA to AA+. ….(citing) the suspended debt ceiling and the high debt-to-GDP ratio. …. While the announcement itself is already worrying, it is […]
» Read moreGenerational wealth is assets passed from one generation to another. A family business, stocks, bonds, real estate or other valuables are typical examples. These generally transfer when a family member dies. This is different from the soft issues like family values, education, love and family, which begin the transfer process at birth and continue through a lifetime. The Federal Reserve […]
» Read moreI recently interviewed my nephew James about building wealth. His experiences were similar to mine, explaining wealth accumulation can be accomplished by paying off your debts; not only high-interest debt, but also paying off your mortgage as soon as you can. I was in my late 40s the first time I filled out a Retirement Plan Income Calculator. After carefully […]
» Read moreThis is one of the most difficult articles I’ve ever written. It’s from the heart, and I’m worried. Premonition is defined as, A strong feeling that something (generally unpleasant) is about to happen, “He had a premonition of imminent disaster.” If an intuitive, imminent, gut-wrenching premonition (fear) grips your mind and body comes true, you will never forget it. I […]
» Read moreEarly Generation Xers (1965-1980), age 58, are nearing retirement, while the younger (43) folks are turning the corner into their peak earning years. The National Institute on Retirement Security report “The Forgotten Generation: Generation X Approaches Retirement” indicates the majority are FAILING to save anything close to enough to retire comfortably. Even with 401k programs available their entire careers, most […]
» Read moreI recently wrote about spending time with my 13-year-old grandson Brock. Apple phones and other nice things are something he is aware of; along with understanding that adults have to EARN the money to pay for them. How do young people get started in accumulating wealth? In 2017, I interviewed my nephew James, a late Gen Xer (1980), who was […]
» Read moreCongress just keeps spending money we don’t have. It took just five weeks to add $1 trillion to the national debt after Congress authorized yet another increase in the debt ceiling. The US debt clock projects our borrowing out to 2027 – it is scary: It now takes over $1 trillion in taxes just to pay the interest, which has […]
» Read moreGovernments worldwide are creating currency, “Fiat money”, out of thin air to pay the bills; which historically leads to inflation. In a recent interview Urs Vrijhof-Droese explained: “Worldwide government spending programs,…pushed inflation even higher and is taking a toll. …. In the long-run I believe, the EU and US government spending behavior will have a severe impact on their credibility, […]
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