Posts Tagged ‘creating’

The Past

Posted: April 27, 2018 in Thought for the Day
Tags: , , , , ,

“And when you do that (reject the past)… you risk creating monsters.” -Bill Bonner

Borrowed Money

Posted: July 17, 2016 in Money Matters
Tags: , , , , , , , ,

“Rather than creating new assets, low-cost money borrowed from tomorrow bids up existing assets today.  It produces no new learning or value and leaves no way to pay back the debt.” -George Gilder

Honest Money

Posted: January 24, 2016 in Money Matters
Tags: , , , ,

Making money honestly means creating something other people, not you, value.” -Doug Casey

Debt Crisis

Posted: April 19, 2014 in Debt
Tags: , , ,

“How can you solve a debt crisis by creating more debt? I think a 10 year old can figure that out.” -Harry S. Dent

Quantitative easing = creating money out of thin air.  Fractional reserve banking = creating money out of thin air.  Both cause inflation.  Private reserve banking = using money which already exists.  Establishing your own private bank not only prevents inflation, but keeps potential wealth in your own pocket.

There are many reasons for creating your own financial system.  The main objective is to reverse the effects of negative compounding and turning it into positive compounding.  Just as debt can work against you, it can work even greater for you once it is under control.