When an economy is based on healthy, sustainable activity with a balance of production and consumption, the type of depression we are in can't happen. In our consumption-based economy, on the other hand, nothing can "stimulate" things back on track. This is because the track we were on is … [Read more...] about The Fragility of a Consumer Economy
consumer
5 Steps To Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery
Finally, it's here! Amazon won't have it in stock for another 2 to 4 weeks, but you can use the buy now button above to order the book and I'll ship it directly to you immediately. (If you've already ordered one, it's going out to you today.) If you're reading my blog, I assume you want to take … [Read more...] about 5 Steps To Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery
Is my home an investment?
Recently I received a question from somebody looking into self-directed IRA/401(k) investment for themselves. They said, "I ran this by my financial planner in New York who said to roll over my IRA to put some of its money into my home is illegal." This statement is technically correct. Putting IRA … [Read more...] about Is my home an investment?
Could Obama's Stimulus Really Work?
Our economy is 70% consumerism. That means it is mostly based on individuals buying stuff. So the current setup of our economy holds two basic facts: Individuals buying more stuff than they can afford to buy (based on their income) has a net effect that is good for the economy. When individuals … [Read more...] about Could Obama's Stimulus Really Work?
I am thankful for…
...our current circumstances. Rather than ignore the current economic problems, I choose to acknowledge this elephant in the living room during our Thanksgiving holiday. We are bombarded with headlines like "What will fix our economic problems?" It is absolutely silly. The recession is the solution … [Read more...] about I am thankful for…
Consumer confidence falling & the $600 checks to save the day
Did you get your $600 check yet? What will you do with it? Surveys are saying that most Americans will use their "Economic Stimulus" check to deal with gas, food, and catching up on bills. This doesn't stimulate the economy. Consumer spending stimulates the economy. In other words, the Department … [Read more...] about Consumer confidence falling & the $600 checks to save the day