All you Self-employed or SMB folks read up. The new credit card regulations do NOT apply to you so get ready for the banskters to s art ripping you off as well. If you don’t have a “professional” card get ready to see a flood of credit card offers. Do what I have done and stay away from these altogether. Banks [...]
Archive of posts filed under the Finance category.
The March to a One World Currency Continues
It was actually an idea floated by the economist whose failed theories haunt us today. Read the linked article for more. It’s getting closer folks..one world currency..etc etc etc. U.S. Postal Service Starts Quoting SDR to Dollar Conversion Rates, and IMF Endorses Replacing Dollars with SDRs → Washington’s Blog.
Government wants your 401k..So Get Out of It
Government wants your 401k. The gov’t is going tos tart converting your 401k to bonds. Guess what happens when the US debt load(currently at over 25 trillion or more) get too big? The gov’t defaults on the bonds and your retirement is worth bupkis. Karl Denninger over at the market ticker called this last year that [...]
Here’s What Happens When Gov’t Runs Healthcare
Kidan on facebook posted about this. This is what is coming here..get ready. Axe falls on NHS services – Telegraph.
Is College Really a Good Idea?
Just from a financial standpoint the answer could very likely be no. Karl really analyzes the numbers and comes up with some results that might just surprise you. The Case For And Against College – The Market Ticker ®.
Krugman Tells Seniors (and Businesses) To Die – The Market Ticker ®
I am already telling my wife to get her money OUT of 401k’s and other vehicles specifically because of garbage like this. The next step the gov’t is going to do is they will seize all tax free ira’s…convert them to US treasuries(aka bonds) and say if you want it that’s what you have to do. These bonds [...]
Waiting for the “right” job
Karl’s comments are italicized. I have to agree this kid is voluntarily unemployed. The daily routine seldom varied. Mr. Nicholson, 24, a graduate of Colgate University, winner of a dean’s award for academic excellence, spent his mornings searching corporate Web sites for suitable job openings. When he found one, he mailed off a résumé and cover letter — four [...]
Record corporate cash isn’t necessarily a good thing
The Fallacy Of “Record Corporate Cash” – The Market Ticker ®.
Finance reform? I don’t think so
Super-low interest rates also ensure that the big banks, fated to be wards of the government if the new financial reform becomes law, will have generous margins between their borrowing costs and lending revenues. This will enable them to further pad their balance sheets and correct the mistakes of yesteryear. …. There’s a flip side, [...]
Exactly what are you celebrating?
This is a very interesting read…and much truer than most folks will ever admit. Regardless of what one thinks of the left-leaning Obama voters, it is eminently clear that they did not vote for a Vietnam-like expansion of the war in Afghanistan. Nor did they vote for the assassination of American citizens without trial, government [...]