The better you steward your finances, the better you walk your walk.
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We’ve been turning to the government to “fix” our economy in recent years. As you’ve probably noticed, their solutions just cause more problems. People will continue to turn to the government for solutions until they discover that Man’s solutions are lacking. The ways of the wisdom of Man are the “Babylonian” system. It is only [...]
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This is conjecture, but let’s spend a little time trying to think about what our physical life will look like if/when the Dollar starts losing value dramatically. We can’t think through every scenario, nor will we paint a perfect picture, but let’s paint one regardless.
The best guess here is that at some point, the Dollar [...]
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It is part of the fallen nature of Man to seek out a leader to take care of him. This is a corrupted version of what God made each of us with, an innate desire to be lead by God. We all still have this desire, but if we have not been trained up in [...]
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We’ve laid out several bombs that could go off in the US economy in the coming years. If one, some, or all of these things happen, what effect would that have on our economy, our wealth, and our lives?
These factors could further influence the rest of the world to decide they no longer want to [...]
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Yesterday, we looked at the possibility of rising energy prices or residential mortgage defaults derailing our economy and destroying the value of the dollar and all of your wealth along with it. Today we’ll look at a few more bombs set to go off in the near future.
Commercial Loan defaults. Commercial loans are usually more [...]
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We’ve established that the US has an untenable amount of debt which is growing at incredible rates, and that foreigners are becoming more and more uncomfortable holding this debt and dollars in general. The US is in a precarious position, and those of us who live here are the ones who will most feel whatever [...]
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The US Constitution established the right of the Federal Government “to coin Money, regulate the value thereof,” and so in 1792, they did so by establishing the value of a dollar at roughly 1/20th of an ounce of Gold. So $20.67 bought one ounce of gold. Today it takes over $1000 to buy an ounce [...]
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Yesterday, we spoke of the possibilities for improvement in our economy- as well as barriers which could make the normal ebb and flow of recession and growth difficult. For many decades, the government has been using the mechanism of interest rates to influence the economy.
In each cycle that has occurred in the past, the bottom [...]
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Yesterday, we spoke about both of the dire realities of our economy and the glimmers of hope. The question is: Can things improve?
The US has a lot going for it. We have a country with a history of freedom and opportunity where anyone is free to accomplish anything they put their mind to. So yes, [...]
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