Posts Tagged ‘Money’

“In the same year that the Declaration of Independence was adopted, Edward Gibbon published the first volume of his masterpiece, The History of the Decline and Fall of the Roman Empire.

The Founding Fathers were well aware of the transition – natural, and perhaps inevitable – from republic to empire. They had studied it in the Roman example. They had seen how it drew power into a few hands… and corrupted them.

They tried to prevent it from happening in the New World, putting in place limits… circuit breakers… and checks and balances… to keep the government from becoming too big, too ambitious, or too powerful.

Even then, they were doubtful that it would stick. ‘We give you a republic…’ Franklin wrote to posterity, ‘if you can keep it.’….

Time and scale have changed the nature, not just the age and the size, of the United States of America. It has become something the Founding Fathers had tried to avoid… and almost certainly wouldn’t like….

Citizens still have the right to life, liberty, and property – but only to the extent that the feds allow.

They can keep their firearms, for example, but the feds can label them terrorists… and kill American citizens.

They still have the right to express themselves under the protection of the First Amendment, unless their opinions are considered ‘hate speech,’ or the feds – or their agents at Facebook and Google – just don’t like what they say.

Your property is still safe, too; but under the doctrine of civil forfeiture, the police can take your money, your cars, and your house… with no due process of law….

Empires are very different from republics. They are no longer by, for, and of the people. They’re too big… too complex… with too many fingers in too many pies for the people or their elected representatives to keep up with.

So power migrates to the center. There, where the CIA, NSA, Pentagon, NIH, FBI, IRS, and dozens of other agencies… along with the corporate headquarters of hundreds of big industries… and thousands of pressure groups, lobbyists, factotums, hacks, think tanks, NGOs, powerful families, and apparatchiks reside, is where the real power flows.

There, too, in Rome as in Washington, the power congeals.”

-Bill Bonner

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“The accumulation of money  (the act of banking) is a necessary function in our everyday lives. Without it there is no way we can enjoy the standard of living that is ours. But, as we have cited, the bankers have all but taken over the banking function in life and people have become ‘financial slaves’.” -Carlos Lara and Robert Murphy

Debt Trend

Posted: June 5, 2018 in Debt
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“We’re seeing people carrying much more debt than in previous generations into retirement.” -Ron Rhoades WKU

“Younger people are taking on debt at a higher rate and paying it off at a lower rate.” -Lucia Dunn  OSU

Money Magazine

Money Flow

Posted: May 13, 2018 in Money Matters
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“Money flows through banks just the way water flows through rivers. However, whereas the flow of water is determined by the laws of physics, the flow of money is determined by the choices of men (and
women).” -Ryan Griggs

“Notice the core around which the banking — and all financial — business revolves. The flow of money.” -Ryan Griggs

Public pensions nationwide are crumbling. Legal loopholes are widening. If you don’t take action to protect yourself and your loved ones, you could be left with nothing….  this is not a hypothetical.

In 2001, the vast majority of pensions were fully funded. Generally speaking, “well-funded” means above 80%. But 50% funding or less is considered the “crisis point.” It’s extremely difficult to come back from 50% or less.

According to a new report from The Pew Charitable Trusts – an independent research organization – pensions in Colorado, Connecticut, Illinois, Kentucky, and New Jersey are less than 50% funded. In fact, New Jersey sits at the bottom of the list… its pension is only 31% funded.

If you’re one of the tens of millions of affected Americans, you should know… you have zero control over what happens.

But there is a solution….  You can move money from your pension….  This gives you total control of your money.” -David Eifrig

Bank Money

Posted: May 1, 2018 in Money Matters
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“You don’t own the money you deposit in a bank. The bank does.” -Ryan Griggs