Be Ready For Anything in 2022
.Be Ready For Anything in 2022
November 12, 2021 Information Briefing #171 by whitehatauxiliaries
This will be a very brief article, our last for 2021. First, let us take but a moment to review a few things. In past articles and discussions, we predicted that:
Joe Biden could beat Donald Trump in 2020. He did.
Cryptographic Blockchain technology would continue to expand and positively affect the value of key ideas which would attract institutional interest and their capital resources. This is happening now.
Be Ready For Anything in 2022
November 12, 2021 Information Briefing #171 by whitehatauxiliaries
This will be a very brief article, our last for 2021. First, let us take but a moment to review a few things. In past articles and discussions, we predicted that:
Joe Biden could beat Donald Trump in 2020. He did.
Cryptographic Blockchain technology would continue to expand and positively affect the value of key ideas which would attract institutional interest and their capital resources. This is happening now.
The “revaluation” of certain war-torn currencies, and the expected instant wealth many expected from such, would continue to fail to materialize. It has.
Bolshevism would take root and grow in influence in both public and private sectors within Western and Western European nations, at the covert urging of the very same ethnocentric ideologs who were responsible for the creation of Bolshevism in the early 20th Century. It has.
Secluded dynastic Asiatic wealth would be prepared for release for responsible, non-usury purposes, and to, in part, assist nations with key infrastructure rebuilding. This continues to progress.
We could expand on and outline each above point with pictures and articles. But to do so would not allow brevity. So, we will not do so here. We will leave such a task to be performed in the comments section as a group effort. This is your site to experience, and, in large part, your written contributions make it what it is.
We will, instead, simply issue the very same warning to all of you which we have often times repeated in the past: BE READY FOR ANYTHING.
Anything, you say? Yes. Anything.
Disruption of utilities, food, power, police protection, transportation. The sudden shock of natural disasters as well. Always be prepared to access emergency rations, water, fuel, arms, shelter and power.
Your personal means of survival should be the foundation of your existence.
Next year we will be looking for continued digital asset gains. We also anticipate the successful commencement of key Asiatic elders’ wealth transfers.
From there, if these two activities proceed along the lines we anticipate, the combination of both continued traditional institutional cash inflows, along with newly liberated Asiatic wealth participation (via key London Trust guidance), we could see valuations of an unimaginable magnitude follow as a result.
Because we enjoy a rare, direct connection with the key London principal who works with and guides the dynastic elders as they marshal their resources for release, we are in the best possible position to hear of, and potentially act on, any significant moves that may stem from the impact of their success.
Thank you for your continued readership, and have a safe and prosperous New Year.
Strength And Honor WHA S*P*Q*R
https://whitehatauxiliaries.com/2021/11/12/information-briefing-171/
Helping Kids To Be Good With Money
.Helping Kids To Be Good With Money
15 Things A Personal Finance Expert Suggests Parents Do To Help Their Kids Be Good With Money
Thu, October 28, 2021,
I like to imagine I was raised to be financially intelligent (thanks ma and pa) but now that I have a kid of my own, I was curious what an expert had to say about raising kids to be good with money.
I write about personal finance and money, so you'd hope I have it together — and for the most part, I think I do. I owe my love of saving money and my abhorrence of debt to my parents who set me up with a bank account at birth, had me get a job as soon as it was legal, and made me save up for the dumb plastic toys I thought I just had to have.
Helping Kids To Be Good With Money
15 Things A Personal Finance Expert Suggests Parents Do To Help Their Kids Be Good With Money
Thu, October 28, 2021,
I like to imagine I was raised to be financially intelligent (thanks ma and pa) but now that I have a kid of my own, I was curious what an expert had to say about raising kids to be good with money.
I write about personal finance and money, so you'd hope I have it together — and for the most part, I think I do. I owe my love of saving money and my abhorrence of debt to my parents who set me up with a bank account at birth, had me get a job as soon as it was legal, and made me save up for the dumb plastic toys I thought I just had to have.
So I chatted with Beth Kobliner, the New York Times bestselling author of Make Your Kid a Money Genius (Even If You're Not). Sometimes you've gotta pull out the big guns.
Here are her tips:
1. Start talking about money early on.
There's a lot of shame, stress, and worry surrounding money, so it makes sense that many parents shy away from the topic. But Kobliner says that to raise financially intelligent kids, you'll want to start talking about money early on.
"And not only should it be early, but financial education also needs to be ongoing. Here’s why: A study out of the University of Wisconsin showed that by age 3, children can grasp basic economic concepts such as value and exchange. And a University of Cambridge survey found that by age 7, many of the habits that help kids manage their money are already set."
There's a lot of shame, stress, and worry surrounding money, so it makes sense that many parents shy away from the topic. But Kobliner says that to raise financially intelligent kids, you'll want to start talking about money early on.
"And not only should it be early, but financial education also needs to be ongoing. Here’s why: A study out of the University of Wisconsin showed that by age 3, children can grasp basic economic concepts such as value and exchange. And a University of Cambridge survey found that by age 7, many of the habits that help kids manage their money are already set."
2. Show them how money works and teach them the difference between wants and needs.
The act of trading money for goods and services will be completely foreign to them. They may literally think money, and the things it buys, grows on trees.
To continue reading, please go to the original article here:
https://www.yahoo.com/lifestyle/15-ways-parents-help-kids-194602014.html
16 Money Rules That Millionaires Swear By
.16 Money Rules That Millionaires Swear By
Gabrielle Olya Tue, November 9, 2021
Being a millionaire or billionaire -- especially a self-made one -- usually requires being disciplined about saving and spending, as well as investing wisely. Although the super rich can splurge on lavish vacations and fancy cars, some eschew a luxurious lifestyle for one that allows them to maintain their wealth over the long-term. So, if you want to live like a millionaire yourself, you'll have to follow the money rules of the wealthy.
Kristen Bell: Take Advantage of Coupons When Shopping Net worth: $40 million
"Frozen" star Kristen Bell still clips coupons despite her multi-million-dollar wealth.
16 Money Rules That Millionaires Swear By
Gabrielle Olya Tue, November 9, 2021
Being a millionaire or billionaire -- especially a self-made one -- usually requires being disciplined about saving and spending, as well as investing wisely. Although the super rich can splurge on lavish vacations and fancy cars, some eschew a luxurious lifestyle for one that allows them to maintain their wealth over the long-term. So, if you want to live like a millionaire yourself, you'll have to follow the money rules of the wealthy.
Kristen Bell: Take Advantage of Coupons When Shopping Net worth: $40 million
"Frozen" star Kristen Bell still clips coupons despite her multi-million-dollar wealth.
"I almost exclusively shop with coupons," she said on "Conan," sharing that her personal favorite place to shop with coupons is Bed Bath & Beyond. "It's the best one because they've got 20% off, and if you go and buy a duvet or an air conditioner or whatever, you could be saving upwards of $80."
Sara Blakely: Create and Maintain a Nest Egg Net worth: $1.2 billion
Spanx founder Sara Blakely kept her day job while starting her shapewear company to make sure she'd be able to maintain a healthy nest egg.
"It's really important to save money and create a nest egg, become comfortable for yourself with what the nest egg is, and don't touch it," she told Business Insider. "Leave it there. I always had a portion of my paycheck put into savings, and that was an easy automatic way ... I didn't quit my job until I'd already landed Neiman Marcus and Saks Fifth Avenue. I was so careful, I [worked on Spanx] at night and on the weekends because I didn't not want to have income coming in."
Warren Buffett: Think of Investing as a Long-Term Strategy Net worth: $104.6 billion
Billionaire investor Warren Buffett isn't a proponent of active stock trading.
"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever," he wrote in his 1988 Berkshire Hathaway shareholders letter. "We are just the opposite of those who hurry to sell and book profits when companies perform well."
Grant Cardone: Save $100K and Invest the Rest Net worth: $300 million
Grant Cardone is a self-made millionaire, author and sales training expert. He recommends hitting a lofty savings goal -- $100,000 -- and then investing any money earned after you hit that amount.
"You need to prove to yourself that you can go out and get money," he wrote in a 2018 post for CNBC. "Saving $100,000 shows that you have an ability to make money and then to keep it. Most people can't do either of those things. Once you can earn and save, then you can start building wealth."
Mark Cuban: Don't Live Beyond Your Means, Even If That Means Living Like a Student Net worth: $4.5 billion
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/16-money-rules-millionaires-swear-011253670.html
What Not To Do While Trying To Get Out of Debt
.What Not To Do While Trying To Get Out of Debt
By Jaime Catmull Oct 7, 2021 Debt 101
Know how to pay off debt so you don't make costly mistakes.
If worrying about how to pay off debt keeps you awake some nights, late-night television abounds with alleged solutions. Some ads even promise to get rid of your debt for “pennies on the dollar.”
Fall victim to these “deals” and you might be left with worse financial troubles than before. But these aren’t the only foolish ways of paying off debt. Financial experts shared some common mistakes people make while trying to get out of debt — avoid making these same missteps.
1. Not Having a Reasonable Debt Repayment Strategy
What Not To Do While Trying To Get Out of Debt
By Jaime Catmull Oct 7, 2021 Debt 101
Know how to pay off debt so you don't make costly mistakes.
If worrying about how to pay off debt keeps you awake some nights, late-night television abounds with alleged solutions. Some ads even promise to get rid of your debt for “pennies on the dollar.”
Fall victim to these “deals” and you might be left with worse financial troubles than before. But these aren’t the only foolish ways of paying off debt. Financial experts shared some common mistakes people make while trying to get out of debt — avoid making these same missteps.
1. Not Having a Reasonable Debt Repayment Strategy
>Hello, World!
When sitting down to tackle your debt, the first step should be to see how much total debt you actually have. Add up any debt you have accrued from student loans, car loans, credit cards, medical debt, home equity loans, payday loans, personal loans and IRS and government debt. If you’ve been dealing with debt for a while, this might add up to a scary number that could leave you feeling overwhelmed, and you might feel like you don’t know how to even begin paying it back.
Why This May Be a Mistake
When you don’t have a clear debt repayment plan, your instinct might be to try to cut back on spending, save more and earn extra money until you’ve saved enough to pay back your debt all at once. However, if you are just making the minimum payments throughout this time, you’ll be accruing more interest all along.
Aim to consistently pay down your debt every month. Whether you want to tackle the highest-interest debt first or the smallest bill, know what your plan is and how you can achieve your goals.
Does It Ever Make Sense To Pay Down All Your Debt at Once?
To continue reading, please go to the original article here:
Without Rule Of Law You’re Just A Banana Republic
.Without Rule Of Law You’re Just A Banana Republic
November 10, 2021 Notes From the Field By Simon Black
In the year 552 BC in the province of Persis in modern day Iran, a local sheepherder started a revolt against his ruler, King Astyages of the Median Empire. The sheepherder’s name was Cyrus, though he would become known to history as Cyrus the Great. Cyrus led the rebellion against Astyages for three years, winning the decisive battle in 549 BC; and with Astyages defeated, Cyrus went on to found his own kingdom that would quickly become one of the largest empires in the history of the world.
Without Rule Of Law You’re Just A Banana Republic
November 10, 2021 Notes From the Field By Simon Black
In the year 552 BC in the province of Persis in modern day Iran, a local sheepherder started a revolt against his ruler, King Astyages of the Median Empire. The sheepherder’s name was Cyrus, though he would become known to history as Cyrus the Great. Cyrus led the rebellion against Astyages for three years, winning the decisive battle in 549 BC; and with Astyages defeated, Cyrus went on to found his own kingdom that would quickly become one of the largest empires in the history of the world.
Cyrus’s new Persian Empire became vast and powerful. And Cyrus himself was revered by his subjects who believed he had been ordained by the god Ahura Mazda to rule over them.
But despite Cyrus’s autocratic power, the Persian Empire still had a very strong ‘rule of law’.
Whatever Cyrus decreed became supreme law of the land. Yet his rules were straightforward, fair, and stable.
He was not whimsical or petty. He did not change the rules at a moment’s notice, and he was very respectful of people’s individual freedoms.
Corruption was a capital offense. Any of Cyrus’s government officials who were found accepting bribes were put to death.
Lying also became a capital offense, which compelled politicians and bureaucrats to always tell the truth.
The court system was also highly revered; the king established the law, but judges settled disputes to ensure fairness across the board. Anyone who refused to accept the decision of a judge was put to death.
And dishonest judges were flayed alive, with their skin used to upholster courtroom furniture as a warning to the next judge who filled the bench.
His punishments may have been harsh. But Cyrus’s goal was to establish a strong rule of law where everyone could have trust and confidence in the system, and everyone had to follow the rules.
Rule of Law is incredibly important; throughout history, societies with a strong rule of law flourished.
When laws are fair, predictable, and evenly applied, businesses can plan and prosper. People can confidently invest in the future. Economies grow and everyone wins.
Where the Rule of Law is weak and corrupt, the opposite happens. Businesses can’t plan anything because the rules are constantly changing. No one wants to invest because they feel like everything is going to be taken from them. This is the sort of thing we’re seeing now in the Land of the Free.
Several weeks ago when Hunter Biden’s dad issued his royal OSHA decree, it was almost immediately met with a number of lawsuits.
Now, even beyond the obvious Constitutional and human rights issues, the nationwide mandate is extremely anti-democratic.
In a well-functioning representative democracy, there should have been a national conversation about a mandate. It should have been an election issue and essentially appear on the ballot. Voters should have had their say.
Yet that never happened. There was no national conversation. And any hint of discussion was shut down by the media and big tech companies. Any opposition was censored.
This is seriously supposed to be the world’s most advanced democracy?
Well it certainly took a while. But a US federal appeals court finally ruled a few days ago to temporarily block this nationwide mandate.
In a society where the Rule of Law is strong, the court order would be respected by all, including the federal government.
But that’s no longer the world we live in.
In fact, despite the clear and obvious judicial ruling which cites “grave statutory and constitutional issues”, the administration is still telling business to proceed with the mandate.
They’re flat out ignoring the court ruling. It’s extraordinary.
Sadly this is not an isolated event.
Recently a number of federal authorities raided the homes of journalists for supposedly being implicated in the ‘theft’ of the Ashley Biden’s diary.
If someone wants to report the theft of their personal property, this would ordinarily be a matter handled by the local police.
Only in a country without any rule of law would something so trivial involve federal authorities and the Justice Department. This is political persecution, plain and simple.
The list goes on and on. Several weeks ago, for example, the head of the CDC simply invented special authority for herself to take control of the entire $10+ trillion US national housing market.
This is all the stuff of banana republics. And it’s amazing how the people in charge cannot understand why no one trusts the system.
The bottom line here is that a weak rule of law is just another indicator of serious rot. History is very clear on this point. And when you see that even the government refuses to respect its own system, it’s really time to get your Plan B in order.
To your freedom, Simon Black, Founder, SovereignMan.com
Without Rule of Law you’re just a banana republic | Sovereign Man
14 Ways To Improve Your Financial Future
.Feeling Overwhelmed With Debt? Here Are 14 Ways To Improve Your Financial Future
Gabrielle Olya Tue, November 9, 2021
Change Your Mindset
"Making the decision to get out of debt is the first step, but also the most difficult," said Cory Chapman, personal finance coach and CEO of EFC Wealth Management. "Actually changing your mind and accepting that you need to make life changes is the hardest part. The process of getting out of debt is going to take discipline, but it starts with the mindset that you want to be debt-free."
Get a Clear Picture of How Much Debt You Actually Have
Feeling Overwhelmed With Debt? Here Are 14 Ways To Improve Your Financial Future
Gabrielle Olya Tue, November 9, 2021
Change Your Mindset
"Making the decision to get out of debt is the first step, but also the most difficult," said Cory Chapman, personal finance coach and CEO of EFC Wealth Management. "Actually changing your mind and accepting that you need to make life changes is the hardest part. The process of getting out of debt is going to take discipline, but it starts with the mindset that you want to be debt-free."
Get a Clear Picture of How Much Debt You Actually Have
To get rid of debt, you first have to be aware of how much you actually have, said Michael Gerstman, ChFC, CLU, CEO of the Dallas-based retirement planning firm Gerstman Financial Group.
"List all of your debts, current balances and what the interest rate is on each debt," he said.
Consider Consolidating Your Debt
Debt consolidation might be a good option for those who have various high-interest debts and want to just make a single monthly payment that works toward paying down all your debts at once. If you go this route, taking out a personal loan could help you achieve your financial goals in a more manageable and affordable way.
Don't let your debt overwhelm you more than it should -- take advantage of smarter ways to pay it off.
Track Your Monthly Spending
Now that you know how much you owe, get a clear picture of where your money is going, whether it's on your morning coffee, tech, shopping, dining out or planning for your dream wedding.
"Most people don't even know what they are buying on a monthly basis," said Chapman. "The miscellaneous items and little purchases eventually add up. Use an app or program to help you keep track of your spending habits."
Eliminate Any Subscription Services You Don't Really Use
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/feeling-overwhelmed-debt-14-ways-202434618.html
Everything You Need to Know About Cultivating a 'Wealth Mindset'
.Everything You Need to Know About Cultivating a 'Wealth Mindset'
Jacqui Hathaway Levin Tue, November 9, 2021
Have you ever been told by, say, an Instagram influencer that the only barricade between you and endless financial wealth was your supposed negative mindset? Have you, too, been urged that if you would only sign up for said influencer's course today, you'd be able to tap into cosmic wisdom, "take the leap," and never have to worry about finances again? Don't fall for the trap, folks. Sure, cultivating wealth does take a fair amount of critical thinking, but there's (obviously) much more to it than that.
Some Insta-famous so-called money coaches (of course, not all) promise big changes—and fast. Who wouldn't be attracted to quitting their day job and following an off-the-beaten-path means to financial success and freedom?
Everything You Need to Know About Cultivating a 'Wealth Mindset'
Jacqui Hathaway Levin Tue, November 9, 2021
Have you ever been told by, say, an Instagram influencer that the only barricade between you and endless financial wealth was your supposed negative mindset? Have you, too, been urged that if you would only sign up for said influencer's course today, you'd be able to tap into cosmic wisdom, "take the leap," and never have to worry about finances again? Don't fall for the trap, folks. Sure, cultivating wealth does take a fair amount of critical thinking, but there's (obviously) much more to it than that.
Some Insta-famous so-called money coaches (of course, not all) promise big changes—and fast. Who wouldn't be attracted to quitting their day job and following an off-the-beaten-path means to financial success and freedom?
But let's take a step back towards reality. According to National Women's Law Center analysis, 2.4 million U.S. women were obligated to quit the labor force from 2020-2021. So a quick-fix financial course catches the light a bit differently for those seeking actual, necessary financial refuge. It certainly sounds attractive, but what can a mindset actually achieve?
There's nothing wrong with wanting to learn more about our relationships to money—and seeking out an (accredited) financial advisor is a stellar first step to doing so. But knowing what to realistically expect is important too, so let's iron out a few terms and find out exactly what a wealth mindset is—and how to get there in reality.
Wealth Mindset (or 'Abundant Thinking') vs. Scarcity Mindset
What is a wealth mindset?
Wealth mindset—or abundant thinking—is less about what we have and more about what we believe is available to us.
Kristen Euretig, CFP, founder and CEO of Brooklyn Plans, LLC, explains wealth mindset as the idea that the universe is plentiful and our potential is unlimited. "It involves defeating self-limiting beliefs that come up around money or life goals in general to break past self-imposed barriers to a better way of living," says Euretig.
What is scarcity mindset?
Scarcity mindset tells us there will never be enough—even if our bank account is stable and our bills are paid. This "not enough" feeling can result in toxic money habits or spending to feel good.
To continue reading, please go to the original article here:
https://www.yahoo.com/lifestyle/everything-know-cultivating-wealth-mindset-192710108.html
5 Wise Money Moves Before the Fed Starts Raising Interest Rates Again
.5 Wise Money Moves Before the Fed Starts Raising Interest Rates Again
Sigrid Forberg Tue, November 9, 2021
Chairman Jerome Powell (pictured) and the other policymakers at the Federal Reserve just said again, after their recent November meeting, that they'll keep holding a key interest rate near zero. Though the economy has been making gains, the officials want to sit tight a little longer.
But rates won’t stay low forever. As the economy recovers from the worst of the COVID-19 pandemic, inflation is rising and more people are getting back to work. So, the Fed has indicated a rate hike could come as soon as next year — moved up from previous plans to wait all the way until 2024.
5 Wise Money Moves Before the Fed Starts Raising Interest Rates Again
Sigrid Forberg Tue, November 9, 2021
Chairman Jerome Powell (pictured) and the other policymakers at the Federal Reserve just said again, after their recent November meeting, that they'll keep holding a key interest rate near zero. Though the economy has been making gains, the officials want to sit tight a little longer.
But rates won’t stay low forever. As the economy recovers from the worst of the COVID-19 pandemic, inflation is rising and more people are getting back to work. So, the Fed has indicated a rate hike could come as soon as next year — moved up from previous plans to wait all the way until 2024.
For consumers, that means now may be the time to splurge on something fun or take out a loan for something necessary, like a new car to replace an old pile of junk that won't start anymore.
Here are five money moves you should make before rates rise.
1. Refinance your home loan
Mortgage rates fell to record-breaking lows during the pandemic, but they’re slowly creeping up as the economy comes back from COVID-19.
While 30-year mortgage rates are still at historically low levels around 3%, the Mortgage Bankers Association is predicting they'll rise to 4% next year — which means it's time to stop procrastinating if you’ve been mulling a refinance.
Chances are you're still due for a refi. More than three-quarters of homeowners never refinanced at the low rates available during the first year of the pandemic, a Zillow survey found.
The same study revealed that nearly half those who did take out new and cheaper loans are now saving $300 or more each month.
2. Consolidate your debt
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/5-wise-money-moves-fed-005900963.html
4,000+ Years Later And They Still Haven’t Figured It Out
.4,000+ Years Later And They Still Haven’t Figured It Out
November 8, 2021 Notes From The Field By Simon Black
More than four thousand years ago around 2112 BC, King Ur-Nammu of ancient Sumeria gathered his scribes together to dictate a series of royal decrees, all of which were chiseled onto cuneiform tablets. A handful of these tablets were discovered and translated in the 20th century, making the Code of Ur-Nammu the oldest known set of laws in the world.
While most of the King’s laws dealt with criminal matters (i.e. requiring the death penalty for both murder and robbery), some of the rules were actually a very early form of price controls.
4,000+ Years Later And They Still Haven’t Figured It Out
November 8, 2021 Notes From The Field By Simon Black
More than four thousand years ago around 2112 BC, King Ur-Nammu of ancient Sumeria gathered his scribes together to dictate a series of royal decrees, all of which were chiseled onto cuneiform tablets. A handful of these tablets were discovered and translated in the 20th century, making the Code of Ur-Nammu the oldest known set of laws in the world.
While most of the King’s laws dealt with criminal matters (i.e. requiring the death penalty for both murder and robbery), some of the rules were actually a very early form of price controls.
Hundreds of years later, King Hammurabi of Babylon created his own set of laws, known to history as the Code of Hammurabi.
And while his code is famously known for its principle of ‘an eye for an eye, a tooth for a tooth’, much of Hammurabi’s code also fixed wages, prices, finance, and commerce.
For example, the King decreed that any man who defaults on his debts could pay off his creditors by subjecting his wife, son, or daughter to forced labor for three years… regardless of the size of the loan.
Hammurabi also fixed the price of wholesale grain storage, shipping, divorce, livestock, and even drinks at the local tavern.
There are also several sections devoted to wage controls; Hammurabi saw fit, for example, that a home builder be paid a certain fee that depended only on the size of the house.
Similarly, occupations ranging from farm laborers, ox drivers, shipbuilders, herdsmen, skilled artisans, etc. all had their wages fixed by the Code.
There is also strong historical evidence of price controls in ancient Egypt. The ancient Indian philosopher Vishnugupta advised kings to not only fix prices, but fix the maximum profit for traders and businesses.
And the Roman Emperor Diocletian’s infamous Edict on Wages and Prices in the early 300s AD was a complete disaster.
Wage controls, price controls, financial controls, and commercial controls have been vainly imposed by governments for thousands of years. We’ve learned from history that they simply do not work.
And yet, rather insanely, politicians keep trying these same tactics over and over again, expecting a different result.
Recently I was visited by a close friend of mine from Argentina who often tells me the grim economic tales of his home country.
Argentina is in a perennial state of economic chaos; like Venezuela, it went from being one of the most prosperous countries in the world in the 20th century, to one of the most chaotic.
They’ve confiscated assets, imposed wealth taxes, defaulted on their debt, banned exports, and utterly destroyed their currency.
In local currency terms, inflation in Argentina is 50%… though no one in their right minds actually holds their savings in Argentine pesos.
Inflation is now so bad in Argentina that the government recently imposed a set of price controls.
And my friend informed me that a number of producers, especially in the agricultural sector, have stopped delivering because the government’s price mandate is below their cost of production.
Last but not least, my friend told me that Argentina’s government is also planning to forbid businesses from laying off workers.
Even when a company cannot afford to keep employees because the economic situation is so pitiful, they somehow have to keep paying workers with money they don’t have.
It’s like that old Soviet adage-- “we pretend to work, they pretend to pay us.”
These types of measures would almost be comical if they didn’t cause such widespread suffering.
And yet even rich, advanced nations are susceptible to this way of thinking. In fact we’ve seen so much of it over the past 18 months, disguised as public health protocols.
They spent hundreds of billions of dollars to give businesses free “PPP” loans so that workers could continue to be paid to NOT work.
Then the government simply took on that responsibility themselves, paying people directly to stay home and NOT work.
Now they’re trying to force businesses to fire tens of millions of people, even in critical sectors like healthcare and transportation, because of their vaccine status.
Each of these measures is a way for the government to direct the supply and free flow of labor. In other words, they’re essentially wage controls.
We’ve also seen endless examples of other controls.
They forced certain places to close (churches, bars) but allowed others to operate (liquor stores, marijuana dispensaries, social justice riots).
They unilaterally suspended evictions and foreclosures, creating incentives for people to stop paying rent/interest.
And through the central bank, they’ve pumped hundreds of billions of dollars into financial markets, inflating stocks, bonds, housing, etc. to essentially create asset price controls.
The specific tactics are different. But conceptually, this idea of imposing extreme control over economic resources is quite similar to what Argentina has been doing… and what Hammurabihttps://www.sovereignman.com/trends/4000-years-later-and-they-still-havent-figured-it-out-33955/, Ur-Nammu, and Diocletian tried thousands of years ago.
This isn’t rocket science, it’s basic high school economics. Price controls don’t work. Central planning doesn’t work. There’s a reason the Soviet Union doesn’t exist anymore.
Price controls create shortages and inefficiencies. Everyone loses.
Inflation and supply chain dysfunction didn’t happen by accident. They’re the result of fanatical crusaders who never bothered to perform an objective cost/benefit analysis of their wage, price, and commercial controls.
And the more these people try to save the world, the more likely they are to keep wrecking it.
To your freedom, Simon Black, Founder, SovereignMan.com
https://www.sovereignman.com/trends/4000-years-later-and-they-still-havent-figured-it-out-33955/
How To Plan For a Financially Secure Life in the Event of a Partner’s Death
.How To Plan For a Financially Secure Life in the Event of a Partner’s Death
Gabrielle Olya Sat, November 6, 2021
Today’s “Financially Savvy Female” column was inspired by one of our readers who asked, “Knowing that the life expectancy of women is greater than men, how do wives plan financially for a life without her husband in the later years of her life?” To help this reader out, we spoke with Hilary Fiorella, executive director of the Center for Women in Financial Services at The American College of Financial Services, and she shared her insights about how women can plan for a financially secure life in the event of a partner’s death.
Develop Relationships With Financial Professionals
If your partner is usually the only one who meets with the various financial professionals who he/she may consult with, start sitting in on these conversations now, and consider bringing more professionals into the mix if it suits your specific situation.
How To Plan For a Financially Secure Life in the Event of a Partner’s Death
Gabrielle Olya Sat, November 6, 2021
Today’s “Financially Savvy Female” column was inspired by one of our readers who asked, “Knowing that the life expectancy of women is greater than men, how do wives plan financially for a life without her husband in the later years of her life?” To help this reader out, we spoke with Hilary Fiorella, executive director of the Center for Women in Financial Services at The American College of Financial Services, and she shared her insights about how women can plan for a financially secure life in the event of a partner’s death.
Develop Relationships With Financial Professionals
If your partner is usually the only one who meets with the various financial professionals who he/she may consult with, start sitting in on these conversations now, and consider bringing more professionals into the mix if it suits your specific situation.
“Depending on the complexity of your situation, [these professionals can include] a financial planner or advisor, a CPA and an attorney,” Fiorella said. “You really should have those relationships, and you should be active in these relationships. When you have your quarterly, bi-annual or annual meeting with your professionals, make sure that both of you in the relationship are there.”
Having these professional relationships established ahead of time can be very helpful in the event of your partner’s passing.
“That goes a long way to reducing stress,” Fiorella said. “You don’t want to meet somebody across the table when you’re at your worst, when you’ve just experienced the loss of a partner.”
Have a Clear Understanding of Your Total Financial Picture
“Understand all of the elements of your financial [situation] beyond the day-to-day, because that will impact assets and liabilities,” Fiorella said. “[This includes] your investments and your retirement plan, and knowing how to access any of those elements from the retirement plan should the worst happen.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/plan-financially-secure-life-event-160009771.html
The Nothingness of Money
.The Nothingness of Money
By Lawrence Yeo
When I was in junior high school, I heard a riddle that blew my mind.
It went something like this:
Rich people need it. Poor people have it. If you eat it, you die. And when you die, you take it with you. What is it? Feel free to sit with the question for a moment.
Okay. Ready? The answer is… NOTHING!!
Even today, this riddle puts a smile on my face. But when I first heard it, I remember being floored after hearing the answer and funneling it through each statement.
Back then, I enjoyed the riddle for its cleverness.
But today, I enjoy it for its simple profundity.
The Nothingness of Money
By Lawrence Yeo
When I was in junior high school, I heard a riddle that blew my mind.
It went something like this:
Rich people need it. Poor people have it. If you eat it, you die. And when you die, you take it with you. What is it? Feel free to sit with the question for a moment.
Okay. Ready? The answer is… NOTHING!!
Even today, this riddle puts a smile on my face. But when I first heard it, I remember being floored after hearing the answer and funneling it through each statement.
Back then, I enjoyed the riddle for its cleverness.
But today, I enjoy it for its simple profundity.
The claim that “rich people need nothing” is not a literal one, but it points to how the pursuit of money is the unifying struggle of the modern era. We can opt out of the stories of religion or politics, but we cannot opt out of the story of money. It is so interwoven into the fabric of society that even our physical health depends upon how abstract numbers on a screen can be converted into tangible meals.
At the same time, however, the riddle states another truth: Nothing passes through the great wall of death. Whether you’re a billionaire or a homeless person, everything goes to null in the face of the great equalizer. The only thing you may be able to preserve is a legacy, but that legacy is for other conscious minds to perceive, which is no longer a luxury you have upon hitting that wall.
So herein lies the Great Tension:
Money is a required pursuit for life, but a pointless pursuit upon death.
If I were to illustrate what this tension looks like for your average person, it would look something like this:
To continue reading, please go to the original article here: