Posts Tagged ‘asset’

“Remember the old saying: Give a man a fish and he’ll eat for a day. But give him a fishing rod and he’ll have food forever.

That is the difference between earnings and capital. The rod is a capital asset. With it, you can catch not just one fish, one time… but many fish, over a long period of time. Naturally, a rod is worth more than a fish. But its value goes down sharply when the fish disappear.“ -Bill Bonner

“Ultimately, your mind is your greatest asset. So be very careful of what kind of advice you put in it and who gives you that advice.” -Robert Kiyosaki


“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill

Knowledge Asset

Posted: March 3, 2017 in Thought for the Day
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“Today, the main asset is knowledge.” -Yuval Noah Harari

Gold or Money

Posted: July 13, 2016 in Economics
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“Gold, it’s the only financial asset that is not simultaneously someone else’s liability.” -Doug Casey

Poor Time

Posted: December 15, 2015 in Money Matters
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“Every time you buy a depreciating asset, you become poorer.” -Michael Masterson

Printing Money

Posted: September 26, 2015 in Money Matters
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“But here’s something most people miss.  When a central bank prints money, it is not an asset, it’s a liability.” -Jim Rickards

“Adding credit to the system, rather than cash, is how Wall Street got rich. It sold credit!… And it is why the rich got richer, too: they were creditworthy!… All the plain people could do was borrow money to buy a car, or if they couldn’t find a job, get a student loan. They could go deeper in debt. But, they couldn’t benefit from a rise in asset prices – because they didn’t have any assets.” -Bill Bonner

Don’t blame the rich, they didn’t create the system; blame those that created the system.

Excess Debt?

Posted: December 17, 2014 in Debt
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“Never borrow money unless you know—with a high degree of certainty—the asset you buy with borrowed money will yield a return far in excess of your debt service payments.” -Mark Ford

Business Asset

Posted: March 28, 2014 in Thought for the Day
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No one has a greater asset for his business than a man’s pride in his work. ” -Mary Parker Follet