Many studies have demonstrated that being poor will make you miserable, but being rich does not make you happy. At some level, society has always understood this. The ancient Greeks talked about the elusive notion of what made a good life. They called it “eudaimonia.” It’s the philosophy that happiness comes from work that helps others, not worldly possessions.
Just finished reading your book, “Surviving a Global Financial Crisis and Currency Collapse.”
Absolutely great information much of which I read before elsewhere.
One question comes to mind in your comments on buying gold bullion. You never mentioned “salted gold” and how prevalent it is in the open market?
Curious about your response.
Clayton L. Egeness
H.R. 2411, the Reduce America’s Debt Now Act of 2011, states that every worker in America should be able to voluntarily have a portion of his or her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the Federal debt.
On Wednesday, gold prices reached $1,580.70 an ounce, setting the stage for the eighth consecutive day of gains — a record unmatched since 2006. The price reflects worldwide financial fears, as the euro zone and United States debt crises rage on.
On June 28, Senators Jim DeMint (R-S.C.), Mike Lee (R-Utah) and Rand Paul (R-Ky.) introduced the Sound Money Promotion Act, which would allow legal tender gold and silver coins to be considered in the same manner as United States currency for taxation purposes.
Nominal dollars are the everyday paper dollars that we think of and call money. These dollars change every day (depreciate). The value of these dollars goes down constantly as the money printers continue to debase our currency.
On Wednesday, lawmakers in Athens, Greece approved an austerity package for the country, bowing to the demands of international lenders. The 155-138 vote passed as riots and protests continued in the nation’s capital.
Blood is being spilled in Western democratic cities like Vancouver, Canada, and Athens, Greece. With America’s economy stuck in recession and with the dismal and arrogant leadership provided by President Barack Obama and Congress, it is not hard to imagine similar violence in American cities.
Ben Bernanke is stumped. That’s what the Federal Reserve chairman told The Associated Press last week. The AP report said: “Fed Chairman Ben Bernanke told reporters Wednesday that the central bank had been caught off guard by recent signs of deterioration in the economy. And he said the troubles could continue into next year.
Hyperinflation, aka runaway inflation, is becoming a very real possibility to millions of Americans who heretofore clung to their weekly visits to Outback Steakhouse and the feel-good mantra of “American exceptionalism.” Considering this, my memory takes me back to my teenage years.