Hyperinflation is monetary inflation occurring at a very high rate and the result is much higher prices for food, shelter, energy, and clothing. When a country has a very large debt load as is the case of the U.S., there are three ways to deal with this burden: 1. Grow your way out which would… Continue reading Hyperinflation on the horizon
Month: May 2011
Management by Deferral
The most important unemployment rate is that of the politicians. With the election cycle upon us, you can be sure all financial issues will be pushed into 2013 if possible for their purpose in life is to be re-elected. The question remains: How far can they kick the economic crisis can down the road? There… Continue reading Management by Deferral
The love of money
1 Timothy 6:10 For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows (NKJV) In a recent blog, I wrote on tithing. For those of us who survived the Pentecostal “name and claim it”… Continue reading The love of money
Fiscal Crisis continues
If you live in Illinois, you may want to move (and not to California). As stated by the State Treasurer, you are on the line for $42,000 of state debt. Add $129,171 of U.S. debt per taxpayer not including unfunded liabilities and you are up to $171,171. Uh-oh! See: http://www.usdebtclock.org/
Missing the Point
America’s economic health is in dire straits and they are missing the point. In an article “"Gang of Six" budget talks founder in Senate”: “Republican Tom Coburn, one of the Senate’s leading fiscal conservatives, told reporters he was dropping out of the bipartisan "Gang of Six" after months of meetings. "We can’t bridge the gap… Continue reading Missing the Point
Parable of the Rich Fool
Let’s talk about money today: Luke 12:16 Then He (Jesus) spoke a parable to them, saying: “The ground of a certain rich man yielded plentifully. 17 And he thought within himself, saying, ‘What shall I do, since I have no room to store my crops?’ 18 So he said, ‘I will do this: I will… Continue reading Parable of the Rich Fool
Impoverishing a Generation
The Federal Reserve is removing the wealth from an entire generation of savers at an alarming rate. How are they doing this? By forcing short term interest rates well below 1% at the same time inflating the currency by printing money thus pressuring prices for food, energy. and healthcare up by double digits (6-15%). This… Continue reading Impoverishing a Generation
Silver Manipulation & Management
The fundamentals of silver continue to be strong but were due for a correction. $36 silver is the next support level. A major reason for the rapid and steep decline was a change in margin requirements for the paper market. This tends to remove under-funded speculators and the weak at heart. Margin is collateral(stocks and/or… Continue reading Silver Manipulation & Management
Approaching Critical Mass of Destiny
The inhabitants of the earth are quickly moving toward the point of unsustainability under the current paradigm. Assumptions that prosperity is achieved by economic growth and expansion have just about run their course. During the period of cheap energy this held true. But with the current population growth and the end of cheap energy, the… Continue reading Approaching Critical Mass of Destiny
Non-cash Contribution Letter Information
We have had recent inquiries concerning giving non-cash contributions. The following should provide a guideline for giving. As always, we suggest you discuss your contributions with your tax advisors. Charitable Reporting Requirements/Discussion A donor cannot claim a tax deduction for any contribution of cash, a check or other monetary gift unless the donor maintains… Continue reading Non-cash Contribution Letter Information