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How to Save the U.S. Economy: Kill the 'Floating Dollar' Experiment of 1971

2008-09-26T17:37:28-05:00

The floating U.S. dollar and Fed-driven growth in the U.S. money supply are the double-whammy that repeatedly leads investors to ‘irrational exuberance’ and ultimately, malinvestment and economic crisis – the likes of which we are witnessing today...The solution to this systemic problem is a return to a fixed U.S. dollar, redeemable for the gold ounces in the Federal Reserve’s reserves or not. As is stipulated in Article 1, Section 8 of the U.S. Constitution, the U.S. Congress should immediately redirect the Federal Reserve to manage the U.S. money supply according to a fixed gold price instead of according to the fed funds rate or any other interest rate under the Fed’s own control.

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Why Are Oil Prices So High? Gold Solves the Riddle. (updated 09/22/08)

2008-09-22T17:08:20-05:00

Gold solves the riddle: the price of crude oil is high and rising largely due to the 'goldless' USD losing its purchasing power, and due to the strong global demand for oil. Perhaps the riddle that the average American should be trying to solve has less to do with the price of oil going up and more to do with the purchasing power of the USD going down.

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A Million Bucks Ain't What It Used to Be

2008-08-09T15:50:00-05:00

It’s tough being a millionaire in the United States today. After all, a million bucks doesn’t buy as much as it used to. Our famous millionaire forefathers like J.P. Morgan, H.L. Hunt, and J. Paul Getty had it so much better. They lived in the best of times for the U.S. dollar...The table below reveals Congress’ shameful track record over the past 100 years. Feel free to blame Congress and its unconstitutional monetary policy for the uncertainty that you, your family, your income, and your net worth face today.

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For The Love of Money.

2008-02-07T19:21:34-06:00

What money gives us – freedom, opportunities, security, flexibility, and power – stems not from money’s quantity, but from its quality. It matters not how much money we possess or how impressive the rate at which we bring it home if our money steadily decreases in value over time.

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Let's Be Frank, Barney: The Federal Reserve Hurts We The People.

2008-01-22T11:59:00-06:00

America’s economic problems are not due to market forces, laissez faire economic policies, or clever financial engineering. The pathogen that most afflicts the U.S. economy today is the Federal Reserve, which engages unwarrantedly in the central planning of U.S. economic growth. By creating artificial growth instead of vigilantly protecting We the People from the ravages of inflation, the Federal Reserve engorges the U.S. money supply with a debased currency backed by nothing more substantive than the “full faith and credit” of a bloated U.S. federal government beholden to foreign lenders to pay its bills.

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It's Future Cash Flows, Stupid!

2007-11-23T20:20:57-06:00

The objective and reasonable valuation of a company has little to do with the supply of and demand for the company's shares and everything to do with the company's ability to generate future cash flows, most notably their magnitude, timing, and likeliness to materialize as expected.

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How to Get Ahead In America (5th of a 12-Part Series)

2007-11-18T19:09:30-06:00

If you live in the United States of America, one reason you may feel challenged to pull ahead financially is that American’s culture is heavily focused on the consumption of goods and services by individuals and families. While consumption may help grow America's mammoth $13.1 trillion economy, it can also hurt the long-term wealth of the average American family. Why doesn't America's culture focus on more fiscally responsible behavior like saving and investing? Because America's powerful media and entertainment industry keeps American culture centered on the consumption of products and services by offering and providing advertising and other marketing solutions to America's best and brightest marketers. It is the combined power of the industry and the marketers that keeps you and your family focused on spending your money on goods and services in the here and now instead of doing what is best for you and your family in the long run – building wealth by saving and investing.

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Don't Fool Yourself – Your Home Is Not An Investment.

2007-11-04T20:24:09-06:00

Recently, a respected blogger on the Web misquoted me on their blog in an entry referencing my article, "You Don't Own Real Estate. Real Estate Owns You." The blogger made a couple of critical errors in quoting me but the errors have, for the most part, now been corrected based on three points I made privately to the blogger by email. Below, I present the text of my email (with some small edits) for all PowerWealth.com readers who have an interest in real estate investing to review and consider.

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"Growth Investing" Nothing More Than Rank Speculation

2007-11-02T02:20:18-05:00

Thanks to decades of promulgation by the financial services industry, it is now common for many people not unlike Mr. Authers to mistakenly use the terms “value” and “growth” to describe two contrasting styles of investing. However, there are not two styles of investing. Instead, there is investing and there is speculation. What is known as “value investing” is bona fide investing where fundamental analysis, reason, long-term ownership, and patience lead most investors to wealth. What is known as “growth investing” is rank speculation where fear, greed, short-term trading, and the desire for immediate gratification lead most speculators to treat Wall Street like a casino, placing emotional bets on what seem like ever-increasing market prices.

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How to Get Ahead In America (4th of a 12-Part Series)

2007-10-01T19:04:00-05:00

Your family does not have to live like the typical American family. Your family can choose to be different. You can choose to set aside part of your income each month to build up cash savings. Then, you can invest those savings wisely so that your family can pull ahead of the typical American family over time. After all, why choose to “keep up with the Joneses” materially when you can just as well choose to beat them financially?

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How to Get Ahead In America (3rd of a 12-Part Series)

2007-09-20T17:04:14-05:00

If you truly want to get ahead in America, in the past is where your victim status needs to be. Victimhood needs to be a human condition that will always be familiar to you because you have been there, yet foreign to you today because you consciously realize that personal freedom is what you truly desire in the life you are actively seeking to create for yourself here in America. Your personal freedom begins by refusing to be a victim.

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How to Get Ahead In America (2nd of a 12-Part Series)

2007-09-14T00:01:00-05:00

When something bad happens to me, I actively search for ways that I can take responsibility for what happened. To believe or to say that others should take the blame is to concede that someone else has control over some part of me and my life. I simply refuse to allow them to have that control over me. By taking personal responsibility, I gain personal freedom. Plus, by taking such an actively self-critical stance, I learn many powerful lessons that help me improve personally and professionally in the long run.

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How to Get Ahead In America (1st of a 12-Part Series)

2007-09-09T22:21:35-05:00

I am a living example – among millions of such examples in America – that a multi-generation American can make a conscious choice to get ahead financially and then go out into America and make it happen within a reasonable time frame...Based on my experience, I am confident that you can accelerate your potential to replicate or exceed my financial success if you are willing to adopt my “12 Refusals That Helped Me Pull Ahead in America.”

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Classic Analysis Always Wears Well

2007-09-07T09:59:23-05:00

Mr Johnson should note that classic, fundamental analysis never goes out of fashion. It is timeless in its design and wears extremely well. Also, I am happy to inform him that the renaissance festival is alive and well in downtown Chicago at the offices of Morningstar, Inc.

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The Choice Is Yours

2007-08-10T16:10:50-05:00

To get ahead financially, you have to concentrate and focus your rational mind on building wealth over the long-term. You must rid yourself of the emotional distractions that keep your mind mired in the short-term and its wealth-depleting temptations.

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You Don't Own Real Estate. Real Estate Owns You.

2007-07-22T00:05:11-05:00

Many Americans believe that real estate can do no wrong as an asset class upon which they can build wealth. I disagree. Building wealth through real estate depends on your ability to distinguish among the three types of real estate ownership – investment, speculative, and personal. If you don’t know the differences, you may soon discover that you don’t own real estate, real estate owns you.

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Change The Game: Replace Your Credit Score with Your PowerWealth Debit Score™

2007-07-02T13:53:46-05:00

As you know, your credit score is an indicator of your ability to borrow, and borrowing can be damaging to your wealth. In contrast, your PowerWealth Debit Score is an indicator of your ability to lend, and as you understand from the activities of the financial services industry, lending creates assets – loans – that you can own and use to increase your wealth over time. If one of your goals in life is to build enough wealth for you and your family to achieve true financial freedom and security, doesn’t it just make sense to place more of your focus, time, and effort on improving your the PowerWealth Debit Score than on improving your credit score?

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Stop, Thief!: 9 Tips To Stop You From Picking Your Own Pockets.

2007-06-18T01:13:44-05:00

Got money problems? Need help controlling your desire to spend, spend, spend? There are many different ways to insert financial self control into your life. One way that you may not have thought of is to take control of the power that America’s marketers have over you and your desire to spend your hard-earned money needlessly. Here are nine tips – some easy, some hard – that can help you insert financial self control into your life by holding America’s extremely talented marketers at bay.

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A Simple, 3-Step Program

2007-06-14T18:18:00-05:00

How would you like to live in crushing, abject poverty? Does the idea of living and sleeping on the streets of a major American city sound appealing to you? Would you like to grow old and penniless, spending your final days on Earth barely getting by on the meager checks sent to you by some large government bureaucracy? Well, my friend, do I have the program for you.

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Want To Get Rich? Stop Escaping from Reality.

2007-06-02T16:21:58-05:00

If you want to build wealth in America so that you can achieve financial freedom for you and those you love, you must avoid getting swept up in our National Escape from Reality.

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Inflation Nation

2007-05-26T02:06:41-05:00

By Logan Flatt, CFA It’s more than just Texas springtime temperatures and global warming you may be feeling: the U.S. economy in 2007 is on the verge of overheating. Real Estate Bird Watching As I travel on business to cities across the United States each week, I spot large flocks of cranes hovering over many a new oasis of Class...

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To Consume, Save, Invest, or Speculate? That Is The Question.

2007-05-01T01:01:00-05:00

By Logan Flatt, CFA I believe it was Shakespeare who once mused: Many Americans know not where their money goes To consume, save, invest, or speculate? That is the question to be posed Before thy money is gone To question early in life is to see thy freedom grow Save a nickel, a penny more To consume, save, invest, or...

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