Step Right Up, Place Your Bets

Fed Chairman Powell is caught in a trap; high inflation, interest on the national debt, a stock market bubble about to burst, while “too big to fail” banks are ready to tumble. Powell is desperately trying to manipulate interest rates to keep everything from falling apart. Powell said Congress needs, “an adult conversation among elected officials about getting the federal […]

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This Time IS Different!

The Economist published an abstract of the book, “This Time Is Different, Eight Centuries of Financial Folly,” by Carmen M. Reinhart & Kenneth S. Rogoff. They explain: “Every so often, experts sucker people into bidding up the prices of stocks or real estate because they announce that the economy has fundamentally changed. When You Hear ‘This Time Is Different,’ Don’t […]

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The Impossible Dream

US debt is out of control; inflation is still rising. Fed Chairman Jerome Powell is tasked with fixing a historic mess. The star is unreachable…. The Glass Steagall Act was passed in 1933. Until its repeal under the Clinton administration in 1999, the Federal Reserve had no “emergency” banking system bailouts. Less than a decade later things blew up, and […]

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Fighting The Debt Tsunami

The US government is spending borrowed money into oblivion; the debts will never be able to be repaid. Whether it is default, Venezuela-type inflation, or both – we’re all going to suffer the consequences. Chuck Butler recently discussed how inflation, and losing the dollar as the world’s reserve currency, will impact everyone’s standard of living. Some will fare better than […]

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Get Used To Making Less

Each new year brings a myriad of projections about politics, investing, life, global warming and all things in between. I view most as “for entertainment purposes only,” trying not to take them too seriously. I pay attention to investment pundits who have walked the walk, coupled with a solid, proven track record over a long period of time. Last spring […]

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The Financial Epiphany

I 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 […]

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The Generation X Retirement Report Card Is Scary!

Early 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 […]

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Fiat Currency Should NOT Be Blind Belief – Part 2

Congress 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 […]

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