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Posts Tagged ‘currency’

bail-out-protest

 

The more I hear of businesses demanding a bail out, the more fearful I am of a socialist government taking over our nation.  A bail out mentality is the benchmark of a socialistic, or even a communistic government.  We give up our freedoms every time we accept “assistance” from the government, banks, or even a rich Uncle.  What ever happened to the attitude of “Independence” in our great country?  Perhaps that got thrown out as everyone started celebrating the “4th of July” instead of intended “Independence Day.”  The value of our independence is worth more than all $700 billion- even for one person!  I’m sure the hundreds of thousands who have spilt their blood so that we could truly be independent would be horrified at the thought of how weakly we value such freedom today. Much of that blood was spilt in order to abolish slavery, and yet we willingly enslave ourselves when we stand by and watch a sizeable portion of our lives, our futures, and that of our progenitors be sold out for $715 billion in total. (And that’s just what we know about.)  I see a bail out as one trying to cheat consequences.  And yet we all know that doing merely compounds the consequences as they were originally determined.

 

shackles1Bail outs have long- term consequences that you ultimately do not want. And you certainly do not want them for your children or grandchildren. And yet your government leaders are shackling us with these burdens without representing your interests and with every attempt to keep you in the dark as to their true consequences.  These decisions are being made in a myopic and duplicitous manner by those with power with the intention that those who are working 2 and 3 jobs just to make ends meet will be too busy, too drained to give put up any resistance.  You can say that it won’t come from our tax dollars…at least not in such a manner that it’s so obvious.  Do you really think that our government printing up an extra $715 billion in our economy will have no affect on the value of our currency? 

 

The value of our currency determines the value of your work.  As the value of the dollar goes down, the need for you to work more hours increases just to obtain the necessities in life.  In truth, we would gasp in outrage and plot an all out revolution if we clearly saw just how many of our hours we’re forced to work just to pay the debts which our out of control government has thrust upon us.  And of course, the government has brokered the maximum amount of power when it comes to collecting their share.  After all, who among us does not have a moment of fear when we hear the words IRS tax audit?

 

It’s apparent that we no longer broker money and monetized assets folks. We now broker power, and I’m not talking about electricity either.  The attitude of the majority of our leaders is “money is nothing if it doesn’t come with power.” Why else would someone spend millions to win a position that only pays $165,000 a year?  It’s the power that it buys, not their commitment to serving the people they represent.

 

Whatever happened to the police officers that children looked up to as heroes?  Today we only see them use their power to violate the very laws they are supposed to enforce with the belief that they do so beyond reproach.

 

What ever happened to the professional basketball and football players that we used to look up to as superstars? Instead we see arrests for atrocious crimes knowing full well that the arrests only represent a small fraction of what’s actually being committed due to successful power brokering.

 

Thank goodness there’s still the Lance Armstrong, the Michael Phelps, and a few others like them to show us that there is still power and strength in goodness.

 

In closing I just wanted to share this little write-up by an anonymous author as they attempt toe explain the orchestrations of the bail outs to us.

 

Bail Out explained (Author Unknown)

Young Henry in Montana bought a horse from a farmer for $100. The
farmer agreed to deliver the horse the next day. The next day he drove
up and said, “Sorry son but I have some bad news, the horse died.”
Henry replied, “Well, then just give me my money back.”

The farmer said, “Can’t do that as I went and spent the money already”
Henry said, “Ok, then, just bring me the dead horse.” The farmer
asked, “What are you going to do with him?” Henry said, “I’m going to
raffle him off.” The farmer said, “You can’t raffle off a dead horse!”
Henry said, “Sure I can, just watch me and I just won’t tell anybody
he’s dead.”

A month later, the farmer met up with Henry and asked, “What
happened with that dead horse?” Henry said, “I raffled him off, sold 500
tickets at two dollars each, and made a $998 profit. The farmer
said, “Didn’t anyone complain?” Henry said, “Just the guy who won so
I gave him his two dollars back.”

Henry grew up and works now for the government and he was the one
who figured out how to “bail us out”.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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A Double Whammy!
 
As an American, I feel that it is absolutely irresponsible to not understand how money really works in this nation.  A full comprehension of this topic will actually instill a more prudent behavior in our own financial habits – at least that’s my belief. Such a behavior will lead to less anxiety, stress, and chaos in our lives.
 
For starters, those of you who would mistakenly pipe up that the Canadian dollar is now worth the same as a U.S. dollar as a result of our deficit; you are missing a large chunk of the rest of the story. The fact is our dollar is devalued because there is an abundance of U.S. currency in circulation.  The value of the dollar is directly related to supply and demand.  For instance, remember when cell phones were first sold in our nation, the prices were prohibitive for many. However, now that they are more abundant and commonplace, the prices have lowered to as little as “free” in many instances. 

 It used to be that the Federal Reserve published a report which contained an M3 number. This figure would convey to the public just how much money was actually in circulation.  Mysteriously, the Federal Reserve has elected to no longer provide the public with that figure. Thus their printing presses can continue to roll out currency as they see fit, watering down the value of our dollar.  Our foreign nations who trade heavily with us are not imbecilic economists.  Clearly the only reason to NOT provide such a number is to hide the true value of our currency.   And as such, international trading with us has been subdued.
 
This is Economics 101…(although not likely to be taught as such.) Suppose I was investing in fine art. Wouldn’t it be reasonable for me to know just how many pieces an artist created?  Of course. As it would determine the value of any art I purchased by this artist.  So why would anyone invest in a commodity who’s true value cannot be rightly determined?
 
Be aware that the Federal Reserve is a nation unto itself.  It is NOT part of the U.S. Government.  Sure the Federal Reserve Chairman is appointed by the U.S. president, but are you certain that whom he appoints is of his own choosing?  You keep spouting how we need to eliminate our dependence on foreign oil; how about eliminating our dependence on the foreign nation that rules our currency?  All of the U.S. Presidents who have attempted to stand up to and eliminate this cartel dependence have met with serious demise.  (Kennedy, Reagan for example.)
 
If our nation’s currency can simply be printed up in accordance to the Feds whims, with no checks and balances, then the value of the dollar is questionable.  Thus in my mind it behooves us to incur as little debt as possible so that we remove ourselves from this shell game as much as possible.
 
Why is our budget deficit $407 billion dollars? Because those that play with the money only see it as Monopoly money.  They figure they can simply print more.  “Let’s just call the Federal Reserve and ask them to loan us more money.”  Where does this money come from? A check? Where is the money that backs up the check?  It’s not money, it’s a printing press.  Unfortunately, it’s REAL hours we work for every year through the month of May to pay for our nation’s REAL debt.  That debt is paid for by the sweat of our brows.  Our federal income taxes do not go for road improvements, social security, or Medicaid. It all goes to pay the INTEREST on the debt that our nation’s “leaders” have imposed upon us.  I have no offense in paying for the services that I require.  But unfortunately I’m not receiving the benefit of those services.  I cannot count on Social Security when I need to retire, neither can 80+% of all retirement-aged Americans.  I could go on and on here with the façade of services we’ve been led to believe our tax dollars pay for, but the bottom line is we’ve had very little say in what our tax dollars pay buy, or how they enslave us.   Now that’s what I call “taxation without representation.”  And not only are we being arduously taxed, but those dollars with which we pay our taxes are being destabilized dramatically.  A Double Whammy!


So here’s my solution, as a patriotic American I say let’s be proud to be American and let’s take advantage of the freedoms that we still have in this country.  This doesn’t mean we have to like what they do with our financial matters, but fortunately they don’t have ultimate control. This nation was built on the backs of visionary entrepreneurs and it’s future lies in the hands of those same visionary, determined hearts.  I feel like so many of us get so tired keeping up with our business and keeping our heads above water that we forget that we are very powerful in determining our outcome.  So learn what game you’re really playing in, and learn how to leverage your entrepreneurial inclinations to maximize your prosperity so you don’t need their credit.
 
If you would like to increase your prosperity, join the Money, Mind, Marketing consulting program today.  This is the only complete consulting program which shows you how to leverage your knowledge to create unprecedented business results, and to live a life of true prosperity, not just one on paper.  Sure marketing knowledge is important, but what good is it if it’s unaccompanied by a sound understanding of fiscal matters as well.  By learning from a true expert and my innovative money strategies, you can expect to increase your business revenue at little as 20% to as much as 600% in the next 12 months!  Simply go to www.moneymindmarketing.com to begin.
 
You may also desire to subscribe to the nation’s only non-politically or fiscally motivated publication, Monetary Intelligence Magazine.  Go to www.monetaryintel.com to register for your marketing, money and mind mastery without the fluff.

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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The most recent news of the government taking over Freddie and Fannie may come as welcome relief to some, it scares the crud out of me.  Here’s yet one more way that our government can have a hand in our business, our finances, and it is certain to be an unpleasant one.  Every time the government is in control over a financial issue, they consistently demonstrate that they have no decorum in conducting themselves with any sense of prudence.  Social Security. Medicaid. FEMA assistance.  Pork spending. And let’s not forget the true 800 pound gorilla that’s been around since the early 1900’s, the suspiciously formed Federal Reserve.  So now we have the Federal Reserve pulling all of the strings of our currency circulation (whilst arbitrarily eliminating any reporting of just how much currency is in circulation at one time), the FDIC taking over control of various banks that have mishandled their funds, and we’ve now got the U.S. government acting as the nation’s primary mortgage lender.  Geesh.  If that’s not a recipe for disaster, I don’t know what is.  The more of our financial freedoms we give control to our government, AND to non-elected officials such as those that run the FDIC and the Federal Reserve, the less free we are indeed. 

 

To read that Freddie or Fannie did not see the mortgage bubble coming is ludicrous. These are learned and highly educated individuals entrusted with this responsibility all these years.  Of course they saw the writing on the wall.   They either had a back up plan that didn’t pan out very well, or they chose to ignore the responsibility that this problem they created would require.  You simply cannot believe they acted in ignorance.  I’ve got entry-level administrative personnel that can forecast better than that!  I’ve got nothing more than a high school education and yet over 3 years ago I bailed out of the residential industry to get into commercial because the writing was on the wall way back then.  In other words, it doesn’t take a brain surgeon—or at least a college educated economist—to see that there was trouble brewing long ago with the credit given freely to so many with such unrestrained finance terms.

 

Here is yet one more reason for us to heed ongoing counsel of the wise to get out of debt, including our homes.  We’ve got to start looking at our homes as our places of refuge, not a credit line. 

Copyright 2009 Kellene Bishop. All rights reserved.
You are welcome to repost this information so long as it is credited to Kellene Bishop.  

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