This week I attended a special viewing of a new documentary, I.O.U.S.A. This film substantiates the concerns that our country's government and citizens are going broke. One of the main authorities featured is David Walker, former U.S. Comptroller General. Other notables include Warren Buffett (CEO … [Read more...] about I.O.U.S.A – Former U.S. Controller warns country's finances are unsustainable
inflation
Lunch at the Fed
I recently attended a lunch discussion at the Fed building here in Denver hosted by the World Trade Center. The topic of discussion: The outlook for the U.S. Dollar. First, a Federal Reserve senior economist gave us an overview of what Fed is and how it works. Surprisingly, he was quite direct and … [Read more...] about Lunch at the Fed
My Meeting with the Social Security Administration
About 6 months ago, the Social Security Administration started calling my office asking to arrange a meeting with my IRAAA colleagues and I. For months I had shrugged it off because of the fact that many of my readers, customers, and colleagues plan their finances as if SSA will fail. Taking control … [Read more...] about My Meeting with the Social Security Administration
Does the weak dollar make foreign real estate a bad investment?
In a recent meeting with a couple of real estate investors, I was posed with the question: Doesn't the weak dollar eat into the profit of foreign real estate investing? Not at all; in fact, quite the contrary. A weak dollar makes spending dollars in foreign countries disadvantageous. I ran into this … [Read more...] about Does the weak dollar make foreign real estate a bad investment?
The next big party
A recent Onion News article has hit dead on what is wanted right now by the masses of the American public. As ridiculous as this article sounds, this type of mentality is exactly what's been behind many "investment decisions" of the average American in recent past. Read the article here, and then … [Read more...] about The next big party
What Causes Inflation? (You may be surprised) – Part 2
In Part 1 of this post, we examined the facts concluding that inflation is caused by monetary debasement. In this follow up, we'll observe the reason behind why common belief is that inflation is at 3% - 5%. First, let's recap what was already covered: What is Inflation? Inflation is the steady, … [Read more...] about What Causes Inflation? (You may be surprised) – Part 2
What Causes Inflation? (You may be surprised) – Part 1
Some of the most prominent explanations of the cause of inflation can be extremely confusing and often end up leading the reader/inquirer to conclude "Ahh, it's just too complicated. We can't really put our finger on it, and there are many different factors." In this post, I aim to undo that … [Read more...] about What Causes Inflation? (You may be surprised) – Part 1
Saving vs. Investing vs. Surrendering
Has your saving really been a loss? Has your investing really been saving? Let's find out. To start, here are my definitions... Investing - the placing of assets to build wealth in a way where overall return can be maximized and risk minimized confidently, competently, and consistently. Saving - the … [Read more...] about Saving vs. Investing vs. Surrendering