Education Is The Destroyer Of Slavery

This decade is going to prove to be very volatile. The world is teetering on the edge of a cliff. There are things you can do and there is hope!

You MUST get educated! That is the most important thing you can do. No one can tell you exactly what do. Each situation is different and you must educate yourself and devise your own plan.

The world’s demise could be your biggest opportunity!

Why Gold and Silver Are SO Important

This site is run by one of my favorite mentors, Mike Maloney. He is phenomenal at education and informing people about the upcoming storms.

You can find pretty much anything you need to know on his site. Plus he regularly talks about other people he looks up to and learns from!

Enjoy!

And The Next Crisis Is…

Its hard to say what the next financial crisis will be in this country. Will it be housing again? Commercial real estate? Or will it be Social Security or Medicare going bankrupt? Maybe the U.S. dollar collapsing or most likely the Japanese yen going bust?

I think there is a good argument to be made that it will be the pyramid scheme we’ll refer to as student loans.

The Next Crisis?

Our politicians wont let this happen because, you know, “it wouldnt be fair if someone couldnt go to school only because they couldnt afford it.” I mean we just heard the President say this again in another campaign speech earlier this week: “its not that we need equal results, everyone should have equal opportunity.”

I hate to break it to people but thats not life. You make your own breaks. If you are older than the age of about 10 you should have realized this. You level your own playing field or you dont. Its that simple. I would have loved to have Wayne Gretzky or Bobby Orr coach me my whole hockey career but its not that simple. You cant make life FAIR no matter how hard you try or how many government programs you scheme up.

They are going to try and make college free someday, MARK MY WORDS!

The President may mention it before he leaves office. I would put money on it actually.

Americans have to realize that they cannot have their cake and eat it, too.

You cannot be the most prosperous and free country on Earth and think you can still pay for everyone to sit home and produce nothing.

The printing of money will only get you so far, just ask the Romans! Our joy ride WILL come to an end if we keep traveling down this delusional “shared wealth” vision.

If it worked then America would have been modeled after every other country that existed prior, but it wasn’t. There is an excellent reason for that.

Be Prepared

Preparation is something of a dirty word in certain areas of life, and other areas it is highly applauded – culturally speaking.

If you are buying home insurance or life insurance people will not bat an eye at you. Heck, buying car insurance is mandatory and you are in big trouble if you are found not to have any.

Then you hear people talk about money insurance or food insurance…wait, no you don’t.

Why don’t you?

The people who do talk about these things are often labeled crazy or “preppers”.

First, lets take a look at those terms and what they mean.

Food Insurance: is either storing canned food/dried food and water.

Money Insurance: is converting your fiat currency in to things of value like commodities – gold, silver, rice, grain, sugar, oil, etc..

If insurance is something that our society seeks – Medicare, Medicaid, Welfare, car insurance, home insurance, etc. then why are people who prepare to keep their money and stay alive shunned and labeled “crazy”?

To me, I believe it is something that the media and modern culture have rammed down our throats. They label people as “preppers” and extreme for actions that in the end will either directly save your life or protect and expand your wealth.

I believe we can find our answer in history as well. Government does what it can to seek power. They ALWAYS have and ALWAYS will. The people who generally seek those positions are people who want power and the government is a great way to take advantage of that. Fortunately, now, there are a lot of people who have sought office and will continue to seek office because of a calling to serve the people of this country and return it to the accountable and responsible government laid out in our founding documents.

Roosevelt did it, he sought power and won. Not by winning elections but by confiscating gold from the citizens. He brought the power to the federal government from the states possibly more than any other President in American history. He stole wealth and made people like it. The government increased its money creating capacity exponentially under Roosevelt, not to mention the social programs he constructed which we are feeling the effects of today like Social Security.

This is what government does effectively – steal your wealth and keep you dependent. I truly believe they ridicule gold and silver investors and food savers because they want you totally dependent on them. If everyone is prepared for disasters than who needs government? Government does not want that, that means less money coming in and fewer votes – less power.

That is why they always want to tax you more. Speaking of that, inflation is a constant tax. The government is stealing your wealth and many people do not even realize it.

America’s problem is our apathy and our memory. Most Americans don’t remember all the recessions our country has had nor do they believe any of these bad things we see happening all around the world can happen here. I hate to break it everyone but they CAN and they WILL if we continue to implement the same failing strategies.

This is exactly why it is imperative that people wake up and become prepared. We are on our way to $20 trillion in debt. Baby Boomers are just starting to retire and the programs they depend on for retirement are already on their way to bankruptcy, not good! The dollar has lost 95% of its purchasing power since Nixon took us off the gold standard in 1971. The Federal Reserve is approving Quantitative Easing (printing money) every month for the foreseeable future. Our credit rating will come in to question again as to whether we can make good on our debts.

The list goes on and on. That list is not good. That list should tell you a few things; you need to get educated and you need to get prepared. Find out what government is doing with the money you give them. Then you need to take action. The dollar will collapse, most likely in this decade.

What will you do about your money? Do you really think that paper assets are the way to go right now?

What will you do if a natural disaster hits or an economic disaster?

These are important questions to ask yourself.

Having car insurance, home insurance, and Medicare aren’t going to matter when you know what hits the fan. Get prepared and educated and start your path toward independence.

Get the insurances that you will really need. You will sleep better now and then!

Blackjack Rule: Playing With House Money

Investing is a mystery to most people. To most it seems like a gamble. When I was younger I know that whenever I would hear the word, investing, I would automatically think gamble.

To most you would be correct to assume that.

To the individuals who study and learn continually and read the books that are available to all of us, you begin to realize its more about control than it is about gambling.

Knowledge is the key to life. And reading is the key to knowledge. Anything you want to learn about is right down the road at your local library and for many of you it’s one click away on your iPad or tablet.

There is a simple rule to live by while investing: play with the house’s money.

You should always be getting something for free or using something for free in any investment deal.

When investing money in the stock market, put your initial investment in and then take it out as soon as your investment grows beyond what you initially put in. This way you are using house money.

When selling real estate make sure you roll that profit in to another bigger and better investment known as a “1031 exchange”. This way you do not have to pay a capital gains tax, you are using the money tax-free for a larger investment.

Using OPM (Other People’s Money) or debt is another way to use house money. When you know how to use credit and loans (OPM) on assets not on liabilities (bad debt) then you are using the house’s money.

There are many ways to use the game and have it play in your favor. It is up to you to study the language of money and find out how to make it work for you.

Making debt work for you and making the tax system work for you are two of the most important things you can do to attain true wealth. Currency is debt now so you might as well get good at making it work in your favor rather than keep you poor paying interest your whole life.

The choice is yours.

A Theory About Cyprus

This may be a month or so after the bank deposit raid that took place in Cyprus but it is STILL relevant because it hasn’t happened here yet, but will in due time.

I believe one of the big reasons it got such little media coverage in the western world is because that is the plan going forward here. The media dictates what they think the public can handle – just like the government gives you just enough money left over for what it thinks you need to live on.

I think the biggest reason for this silencing of the raid was due in large part because the heavy-hitters are not ready to show their cards yet. We are on the “turn” and the powers-that-be are not ready for the “river” quite yet. They are still gathering all the gold and silver they can find and stashing it away while the public blindly believes that the economy is on the road back to recovery. I mean hey look, the Dow is well over 15,000 and continually setting new highs, right?

We have seen ebbs and flows, recessions and depressions before, but we have never seen anything like what is coming in the future; an economic collapse on a global scale.

All the past hiccups were between only a handful of countries. Now, nearly every country in the world minus some African countries are involved in this debacle. Add to that, this is one of the first times the gold and silver market has had such a massive audience.

When things start hitting the fan people will ultimately turn to the world’s only real money: gold and silver. When they do its going to be the same gold and silver we have been trading around for thousands of years. Yes, we have obviously mined more in that time but the quantity still remains fairly low – a little over 5 billion ounces.

To put that in to perspective, we are about $17 trillion in debt as a country alone. Then you look at the world and we are on the hook for quadrillions of dollars in derivatives. See, governments can print money, they can’t print gold and silver.

When it all comes crashing down you are looking at nearly the same quantity of gold and silver being ravaged by a consumer base hundreds of millions of people larger than the last bubble in 1980.

Talk about a bidding war.

We are going to see prices in the stratosphere for people who want to preserve their wealth and not be totally wiped out by the reset that WILL take place.

And it WILL happen.

We are printing $85 billion a month, have been for years and will continue to do so for another 2 years. This makes the money you have worth less and less each day, don’t believe me just watch:

What has the price of gas been since 2008?

What has the price of milk been since 2008?

What has the price of sugar, wheat, rice, etc. been since 2008?

This isn’t something that happened because of which President came to power in the last few years. I mean some helped more than others. But George W. Bush and Barack Obama were focused on bailing the “too-big-to-fail” guys out while you were footing the bill.

This really started once we created the Federal Reserve in 1913 (Woodrow Wilson) and compounded it with Social Security (Franklin Delano Roosevelt) and Medicare/Medicaid (Lyndon Baines Johnson) and then ultimately coming unhinged when the U.S. (Richard Nixon) took the world off the gold standard.

This is when savers became losers and debtors began to win.

Financial education will help you through this mess and give you a fighting chance to survive the decade or two of turmoil we have ahead of ourselves.

 

Some recommended books to start off your education:

“Why ‘A’ Students Work For ‘C’ Students and ‘B’ Students Work For The Government” by Robert Kiyosaki

“The Creature From Jekyll Island” by G. Edward Griffin

Elizabeth Warren: “The Rich Didn’t Get Rich On Their Own”

Elizabeth Warren is the special advisor for the US Consumer Financial Protection Bureau running for senate against Scott Brown in Massachusetts in next year’s election. She was also the first chairman of the Congressional Oversight Panel, appointed by Harry Reid. She is the one who approved TARP, so you can see she has a good track record.

Here she is saying that nobody got rich on their own. She claims that rich people use the roads, school systems, and police that everyone pays for (oh wait except for half of the country who don’t pay income taxes). Elizabeth Warren

So my question to her is; “How the hell did anyone become rich before this country had roads, or a police force, or school systems?”

Socialists will come right out and let you know who they are. You just have to be adept and alert enough to peg them. Their arguments are petty; based on emotion, greed, and jealousy of people who work hard. It drags the country down by letting those with less believe that success comes from the government instead of their own hard work.

What does this teach a person? It’s like going to the store with your child and buying them every single thing they ask for. They never learn the incentive of hard work to achieve success. They expect success to be given to them.

For some reason – well I know how its become this way, but that’s for a different time – this country has developed this, entitlement disease. People expect that since we are a prosperous nation that every single person in the country deserves health care, a good job, benefits, a pay raise every couple of years, a good home, good food, etc.. Somebody please tell me where in the Constitution you are guaranteed those rights?

You are secured the right to life and liberty by our creator; other than that you are on your own – in other words, it is up to you to keep it. It is up to you to become skilled, educated, efficient, and prosperous. If you want to be lazy and a bum, then go ahead, its your choice. That’s the great thing about America; you have the freedom to choose.

The BEST evidence of this is our ancestors; they came over here for that opportunity and freedom. They left their homelands behind because of oppressive, handout, entitlement governments. This is why our country is the greatest on Earth and a beacon of hope for every person on this planet.

Ben Franklin was asked by someone right after the signing of the Constitution about what kind of government we were given. He replied, “…a Republic, if you can keep it.”

We have become those very people who our ancestors struggled and many risked their lives to escape. We are not keeping our end of the bargain.

“Nanny State” – Coming To A Government Near You…Unless You Have The Answers!

It is astonishing to see liberal talking heads back Obama’s jobs bill, and more specifically the tax hikes on “rich people”. Has anyone looked up the definition of Socialism lately?

so·cial·ism

[soh-shuh-liz-uh-m] -noun

1. a theory or system of social organization that advocates the vesting of the ownership and control of the

means of production and distribution, of capital, land, etc., in the community as a whole.

2. procedure or practice in accordance with this theory.

3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by

the imperfect implementation of collectivist principles.

WOW! This is right out of the playbook.

Controlling the production of capital: This is exactly what happened with the Solyndra scandal. Government is not a venture capitalist and when it becomes one, it always fails. Pushing through loans and trying to make a company work is not something governments can do because they have no vested interest. They use taxpayers’ money and have no accountability for the share holders. On the other hand, an investor wants his company to succeed so he/she doesn’t go bankrupt. So he/she will take the necessary steps to make the most product at the least cost. This is how Capitalism works, and why it has worked so well for over 230 years.

It is so beyond scary to see so many news anchors, commentators, union leaders, political leaders, and Presidents back this idea of taking from the rich and redistributing the wealth to the poor. It has been tried in countless countries and failed each time. No, I take that back. It has succeeded overwhelmingly at its intended purpose; overthrowing governments and giving the power to emerging dictators – see #3 on definition of socialism.

Also beware of people like Stephen Lerner who advocate unrest and overthrow of our systems.

You have heard Obama claim that all Americans need to pay their fair share of taxes. Well what exactly is the fair share? Does one man have the power to decide whats fair? A quick look at the data from 2008 – not much has changed in two years – and you will notice that the top 1% of taxpayers earn about 20% of all the adjusted gross income but pay nearly 40% of the taxes. While the bottom 50% of taxpayers earn about 12.75% and pay just under 3% of the total income taxes. While the bottom 47% or 48% DONT PAY ANY FEDERAL INCOME TAXES. Doesn’t that seem reversed? In the business world you want incentives to make more, not make less, so you can pay less taxes. This is where our country is distorted. There isn’t as much incentive to do well because so much of your money is taken and given to people who don’t work as hard and educate themselves. Many know they can just float through life, be a bad student, bad worker, etc., and have the government (high income earners) pay their way through life; in the form of welfare, unemployment, Social Security, Medicare, and Medicaid.

Most importantly, the means to become rich are so strapped by government rules and regulations, the American Dream is just that; a dream.

—–

I think that Churchill said it best.

“We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Sir Winston Churchill

On that note, once you have identified the problem you need to lay out a solution. This is again where you will hear many media personalities claim that Republicans have no plan – even though they have submitted multiple this year alone only to be shot down or tabled in the Senate, or threatened by the President to receive a veto. Most famous were the Cut, Cap, and Balance plan and the Paul Ryan budget plans; reforming many plagued government programs.

This is a rough list of the ideas I have to spur economic super-growth in the private sector. The area where real prosperity is created.

1.) Cut taxes for everyone. Institute a flat tax, if you were to have an income tax, of say 15%. You then broaden the tax base to include the 50% of the country paying no federal income tax. Everyone pays 15% federal income tax. This would drastically increase “revenue”, which the Democrats talk about all the time now, as a cover for tax hikes. That would probably get rid of all the “unfair” talk we have going on between the President and the country, don’t you think?

2.) Better yet, just get rid of the income tax. This is a Keynesian approach, to bring down the skilled worker and redistribute the wealth to the poor; originally implemented as the 16th amendment by super-progressive, Woodrow Wilson, as a tactic to pay for war.

3.) Get rid of capital gains, property, and estate. These are worthless taxes that take from the wealthy and have proven to grow government. Capital gains are the taxes put on earnings from things like stocks and are already taxed through income initially, so that’s a double tax. Property taxes are taxes you pay on your land. The government forgot that the Founding Fathers meant for the people to own their land, not the government. By taxing you on your land, the government is telling you that you don’t own it, you just are leasing it from them. Estate tax, or the death tax, is land/house taxed that is inherited or given to someone through a will when someone dies. Just another way for government to corral your money.

4.) In getting rid of the federal income tax we would implement a small national sales tax that would tax all items being sold, except vital goods like food/commodities. This would incorporate everyone in the entire country; every single person taking something from the pot, is also contributing to it. Every person getting paid under the table, illegal immigrant, or tax cheat; is now taxed when he/she buys items at the store. Fair share, right?

5.) Stop some tax loopholes for corporations that give companies, like GE, the ability to pay ZERO taxes and stash their money in overseas accounts.

6.) Stop printing money (audit the Federal Reserve) – This stops inflation and gets rid of the secret tax. The secret tax is hidden everywhere, all around you. Every good and commodity goes up in price but your wages don’t. You pay more for each product, effectively lowering the purchasing power of the green you have; forcing you to hand away more bills for the same product.

7.) Get rid of much of the regulations and red tape hamstringing small business. Which leads in to the biggie…

8.) Repeal Obamacare. The national healthcare law the Democrats shoved down our throats while in full control will destroy job growth. Not to mention when it takes effect in 2013 it will bring more tax hikes. The ills of Obamacare are long and many. This is something I will cover in the near future. This post is long enough and may be easily doubled if I begin to explain the negatives that will come along with it.

9.) Stop bailing companies out – This is counterintuitive. no one is too big to fail and sets a horrible example for companies and citizens. Bail outs are counter to free markets and free enterprise.

10.) Institute tort reform – Ridding the judicial system of many frivolous lawsuits. The component added would be a loser-pays system. If you file a frivolous lawsuit and lose then you pay the costs. See Texas for the success of this policy.

11.) Reform entitlement programs – Medicare, Medicaid, and Social Security need serious overhauls. They are colossal burdens on our taxpayers. The big three take up nearly 50% of our federal budget without enough taxpayers paying in to the system to keep it upright, which we are beginning to see the repercussions of now.

12.) Reform unemployment – You have to work for charities or a company and get job training. There should also be an allotted time period that you are eligible for payments.

13.) Reform welfare – You should be drug tested while receiving welfare checks. If you test positive you are immediately off and you have to pay for the test. If you test negative, then you are refunded your test money. You should also have an allotted time period before your checks stop; say 18 months.

14.) Re-work base-line budgeting. Every time there is 1% increase in spending, there should be a 1% increase in the budget. Right now we have a budget that increases automatically each year. For example, say the budget increases 9 percent each year. If you only spend an extra 5% that year the Congressional Budget Office (CBO) scores that as a 4% budget cut. With this system, real budget cuts will never be attainable. The budget will continue growing uncontrollably. To put it in relative terms: its like being dragged to a store by your friend when you have no money, buying something on sale, and telling yourself you just saved money.

Just a few things that can be done to immediately relieve the burden on the American economy. This should get the ball rolling – as there are still, many things we could do that are not mentioned above.

News You Need To Know (9/19/11)

Here are a few news snippets from the last day or so that you need to know:

“Urination” Speech – From a Progressive rally; encouraging supporters to not pour beer on Republicans, but urine instead. And I thought that Tea Partiers were the violent, racist, hateful folk. Again, another hypocritical example from the left.

Ten Wealthiest States – A look at some of the wealthiest and poorest states in the Union.

California Bible Ban – California state government comes down on couple holding bible studys. When you hear politicians talk about “separation of church and state”, this is exactly what the Founding Fathers meant. Government is not supposed to be banning things like “Merry Christmas” or nativity scenes. Government cannot come in to your life and tell you what you can and cannot practice. On a side note, this story also brings to light the millions of stupid rules and regulations the governments create.

Buffet Rule? – Warren Buffet is the face of Obama’s new tax hikes plan from his new jobs bill. Buffet has talked about how he pays more taxes than his secretary which is an outright lie. Buffet is a smart man and he is comparing the capital gains tax rate – which he pays – which is around 15% to his secretaries income tax rate ,which is around 33% we’ll say. The numbers aren’t important in this story. The principle of it is; Buffet is comparing apples to oranges and deceiving the public. These are two different taxes that these men are talking about and they both know it, but will not tell you that. Their agendas are more important than the economic success of this country. One can only speculate as to what Warren Buffet and Barack Obama’s agendas are. He and Obama alike, know full well that what they are claiming is dishonest and the American people deserve the truth. The Democrats will play this class-warfare tactic until the sun explodes. The only two political tactics they have: class-warfare and manafacturing facts (ie. Fast and Furious Scandal).

Palestinian Statehood – Palestinian leader vows to keep up the fight; putting America in a bind.

Cobra Crash – Another crash sadly happened earlier today. Pray for the loved ones who have died over the last four days including this latest incident.