In today’s post, I want to talk about CBDC’s (Central Bank Digital Currencies) and the myth that is being pushed around privacy. And this is really going to be pretty straightforward. Proponents of CBDCs maintain that anonymity and privacy can be protected with a CBDC. But here’s the rub, the only way that this could…
Why does this calculation need to go? Why do we misuse it? And what is another unemployment rate stat we should be using? Now to start, what’s the solution? I believe the rate needs to be re-worked. It’s got to account for gig work and exclude part time workers. Also, underemployed individuals need to not…
(1) With high inflation, debt is cheaper to pay back. If I take out debt, whether a credit card, student loans, a mortgage or any way, the debt is cheaper to pay back in the future. And the system is designed this way, so people rack up debt, aren’t educated on personal finances and the…
Innovation drives standard of living improvements. In this article, I want to talk about the theory as to why a central bank is needed and then discuss why the logic is wrong. And ultimately one of the main arguments is that cheap money improves the standard of living. According to the supporters of central banks, they believe,…
Welcome today I want to talk about getting more young people into stacking precious metals and why I think they’re not into it. From my experience, most stackers tend to be older , 35-40 and up. So, why do we need more young stackers? (1) The first reason is that young people can market the metals….
Today I want to propose a different alternative to cut gov’t spending that has been used before in the United States. The way to do this I think is to cut federal taxes dramatically and go with a consumption tax. A consumption tax taxes individuals when they spend money. And to clear, this would…
What is the wage-price spiral theory? Why is this important? Why is this a myth? This economic theory or view says that worker’s future expectations of inflation result in workers demanding higher (or lower) salaries to compensate for the future inflation. As a result, this prompts companies to raise prices and ultimately again, workers demand…
The last 30-40 years, stock Index Investing has become very popular, especially with the creation of 401ks and the explosion in mutual funds. The strategy of these index funds basically says keep cost low, mirror the stock market and over time you’ll outperform actively managed funds which trade frequently and run up trading fees. It assumes…
There are many important decisions to make when choosing a financial advisor. Below are 5 questions to consider asking one if you are thinking about hiring. 1) Are you compensated by commission or assets under management? And this is important because certain advisors are paid by what products they sell. This can be this a…
1) Buy from a Reputable Dealer. When you’re first starting out , you’re gonna want to buy from a reputable dealer. In the beginning you don’t know what your doing really and you might not able to spot the best deals. Now, I personally would suggest the big bullion dealers like SD Bullion , APMEX , JM…
