Posts Tagged ‘problems’

“Most people spend more time and energy going around problems than in trying to solve them.” -Henry Ford

“Before you can get to the level of solving such gargantuan, globe-spanning problems, you must first change yourself. It sounds insignificant, but don’t underestimate the power that self-improvement can bring.” -Tyler Brandt

“Life is full of problems. In fact, life isn’t just full of problems; life is problems. What is a problem? It’s simply the situation of having to choose between two or more alternatives.” -Doug Casey

The most important element in your strategy to win the battle for… survival is your own psychology…..

It’s not enough to liquidate your past… mistakes. It’s more important to liquidate counterproductive attitudes, approaches, and methods of dealing with problems. The results that someone gets in life are an indication of how sound his approach toward life is. A sound philosophy of life gives good results. People with chaotic, unproductive, and unhappy lives usually don’t have anyone to blame but themselves.” -Doug Casey

Debt Health

Posted: December 20, 2018 in Debt, Thought for the Day
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“The more debt you have the worse your mental health tends to be. And we don’t know which comes first. Your mental health problems lead to more debt? Or your debt leads to more mental health problems? But we know they play off of each other.” -Amy Morin

Productive Gains

Posted: September 4, 2018 in Economics
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“The underlying economic problem in America today is that money no longer flows to everyone equally in the way that it used to.

 That much is obvious, right? As our country has gotten richer than ever… the income disparity widens every year.

 But most Americans don’t understand why this is happening.

 And here’s the secret:

 The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.”

-Porter Stansberry

“Americans feel squeezed because the cost of rent, medical insurance, and tuition – as well as other basic living expenses – is rising much faster than their wages. This creates very real problems for ordinary people.

By every measure – including stagnating wages and rising costs – things have been going downhill for the American middle class since the early 1970s. August 15, 1971, to be exact. This is the date President Nixon killed the last remnants of the gold standard. Since then, the dollar has been a pure fiat currency.

The rejection of sound money is the primary reason why inflation has eaten up wage growth since the early 1970s – and the primary reason why the cost of living has exploded.

Measured in gold, wages in the U.S. have fallen over 84% since 1971…. Priced in gold, the minimum wage has fallen 87% since 1968. Note that the federal minimum hourly wage was $1.60 in 1968. It’s $7.25 today, or 353% higher in dollar terms. But that $7.25 buys 87% less than $1.60 did back in 1968. That’s the story you won’t hear from the mainstream press.

Inflation follows a clear a pattern of corruption:  In a fiat currency system, the government will invariably print an ever-increasing amount of currency. This makes prices and the cost of living rise faster than wages. The average person feels the pain, but doesn’t understand what’s happening. More people support politicians who promise freebies. In order to pay for the ‘freebies,’ the government prints more money. This creates even more inflation, and the cycle repeats.”

-Nick Giambruno