I hope everyone enjoys their 4th of July. My webmaster sent me a link to a cool website that offers some history about the Declaration of Independence as well as the full text. As I read it, I realized the message from our founding fathers is more profound than anything I planned on writing. I encourage everyone to read the […]
» Read moreI read Bill Bonner’s Diary regularly. Bill cuts through the smoke and mirrors, and explain things in understandable, matter-of-fact terms. He recently wrote, Don’t Bet on America. “Never, ever bet against America,” says the Oracle of Omaha (Warren Buffet), perhaps exaggerating. Countries, like individuals, make mistakes. …. It was a bad idea to bet against America throughout most of the […]
» Read moreChuck Butler recently discussed the probability of default of $300 trillion in global debt. Chuck added, “The Fed always runs to save Wall Street.” Why is that? Why not Main Street? The Federal Reserve website outlines their mission: “The objectives as mandated by the Congress in the Federal Reserve Act are promoting (1) maximum employment, which means all Americans that […]
» Read moreBaby Boomers (1946-1964) are now between 56 and 74 years old; at or near the end of their working careers. When it comes to saving and protecting their retirement nest egg, they have very little wiggle room! What if we have a Great Depression type market crash? It took 25 years for the market to return to the all-time high. […]
» Read moreTimes are chaotic! Historically, when chaos reigns and emotions are turbocharged, there are winners and losers. Despite the stress, winners manage to see things clearly and keep their wits about them. Recently we interviewed John Williams at Shadowstats. He said government unemployment and inflation numbers are bogus. He also tells us: – Worst U.S. Economic Activity Ever Reported – Production […]
» Read moreEvery day we see infuriating, politically biased Facebook posts, followed by others totally debunking the point. Someone is lying, and may have spent a lot of money for a professional presentation, to make their lie convincing. Who do you trust? “There is nothing from the CDC that I can trust.” Dr. Deborah Birx, concerned that the Center for Disease Control […]
» Read moreDo you have a 401(k)? How much are you paying in fees? Is your money invested safely? Is it company-sponsored, or self-directed? A TD Ameritrade survey found that 27% of investors knew how much they were paying in 401(k) fees and astonishingly, 37% of respondents were unaware. I believe in maximizing your 401(k) contributions, particularly when there is an employer […]
» Read moreCongratulations graduates, you have worked hard and should be celebrating your academic success. Don’t allow a temporary setback to dampen your spirits! Whether you are graduating from college, high school, grade school or something else, my message is the same. Last year a reader sent me, “We Are What We Choose”. It’s the remarks by then 46-year-old Jeff Bezos (billionaire […]
» Read moreMy wife Jo is a proud farm girl, growing up in rural Indiana. Like many midwestern farmers, they receive oil royalties for wells on their land. Having passed down through many generations, each share is nice, but not enough to fly first class. Jo came into my office with a very concerned look on her face. She asked, “I just […]
» Read moreInvestors are understandably worried! Quality bonds and Certificates of Deposit are paying almost negative interest rates. Bonds defaults are rising. The stock market and economy are shaky. The Fed is printing money faster than the world has ever seen. We have Great Depression levels of unemployment. What else could possibly go wrong? Pundit Bill Bonner predicts: “Stocks will rise…and then […]
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