I’m Paying the Price for Procrastination – You Don’t Have to

October 14, 2014 I don’t write articles that scare you into taking action. There are plenty of writers out there who are quite accomplished at that. However, in this case, my intent is to encourage you to take actions that you are already planning to take, and take them sooner rather than later. I’ve been sharing how I’ve been preparing for economic uncertainty and showing you that it’s not that hard. Just take baby steps and get started now. My PC recently crashed. It would not complete a restart. I hadn’t been doing anything out of the ordinary. It was … Continue reading

Who’s Getting Hurt and Who’s Being Helped by the Money-Printing

April 9, 2014 I’m writing again this week about some of what I heard Mr. William White say in the interview I listened to. As a reminder, he is a central banker and has worked for various world and central banks around the world. The Fed has been keeping interest rates extremely low. According to Mr. White, this has been to the benefit of two groups: 1) the poorest people who have very few assets and a lot of debt and 2) the very wealthy who can borrow at these ridiculously low rates and invest in the assets that are … Continue reading

A Central Banker Speaks About the Economy and Inflation

April 2, 2014 I recently listened to an interview with Mr. William White. He is a central banker who has worked for various world and central banks throughout his career. He says that the continuous money-printing has done a good job of pumped up the financial side of the economy, but has left the “real” side of the economy sorely lacking. He says the financial markets don’t have any relationship to the market economy. Just because the stock markets keep climbing, doesn’t mean that companies are doing well. All it means is that the money that’s been pumped into the … Continue reading

Cuts to the Food Stamp Program

I wanted to share some data about the food stamp program that I learned from the McAlvany Weekly Commentary. It turns out that we (the U.S.) have increased our food-stamp dependency significantly since 2009. Incidentally, the National Bureau of Economic Research declared that we started our recovery in 2009. In 2009, there were 35 Million participants in the food-stamp program. Now, after being in recovery for 4 years, we have 47.7 Million participants. Does that sound like a recovery to you? Early in November (of 2013), the program cut its annual budget for the food-stamp program by $5 Billion. That sounds … Continue reading