December 2017 / 27 posts found
The Consumption Problem In The U.S. Economy
In this video I discuss the inherit problems with a 70 percent consumption economy. An economy based on this as a financial model will inherently produce a financial moral hazard. The problems are numerous including no savings and rewarded for financial stupidity and no financial prudence.
Will The Baby Boomers Crash The Stock Market?
In this video I discuss the notion of the 401k as a viable retirement option. I cover in this video how baby boomers who reach 70.5 will be withdrawing money from the stock market more than the other generations could purchase stock. The notion of the 401k as a long term option will soon be obsolete due to the population problem we currently have. Over the next 25 years 3 people will be selling stocks for every 1 buyer. This will cause a stock market downturn. The notion of the 401k for the long term is dead and needs to […]
Saving Money Makes No Sense
In this video I review a great article on my favorite author Robert Kiyosaki from his popular website richdad.com The article’s title is Debt Trumps savings. The article debunks one of the most sacred cows out there and that is saving money. Now don’t get me wrong saving is good for immediate expenses and you will definitely need and emergency fund. It is definitely prudent to have at least 6 months to 8 months worth of liquid cash to cover all your monthly expenses. But after that point it really makes no sense to save cash. The Magic of compounding […]
Is The Christian Church Going To Close?
240 Christian Store Closings– Will Christian Church’s Close next? In this video I talk about the 240 Christian retail stores that closed and the narrative behind the closing. The article discussed is the surprising nature and bad policies that took under the ownership. Some of which included the non paying of suppliers and a host of other practices. This should not be associated with the Christian establishment. In addition because of the state of the economy we are in this begs the question will the Christian church be next.
Collateral Haircut- Understanding the Collapse of What We Think are Assets
A collateral haircut is a financial term encompassing one thing: Devaluing Of An Asset. Oh this is not the official definition by far. However it will do just fine depicting what we will see happen to liabilities that we have been led to believe are assets. You see we call things like savings, our homes, 401k’s, and pensions assets. But truly they are really liabilities. Why, because simply the banks label them as liabilities. For us truly to understand the world in any form of meaning we have to understand the thinking of Bankers, Central Bankers in particular. For nothing […]