Credit cards, loans, mortgages, savings, thrift articles.
05th July 2007
Independence Day is less than 24 hours away and the scents of summer celebration are ready to be unleashed. The smell of hot dogs and hamburgers on the grill, sun-sweetened tea, fresh-squeezed lemonade, ripe watermelon and emblazoned fireworks will infus...
05th July 2007
Following last issue's article, here are more great ways to blow your hard-earned savings.
As we said last issue, to make money, sometimes it's better to first concentrate on not losing it. With that in mind, here's the second part of our series, with ...
03rd July 2007
If you aren't content with just earning interest on your money with a savings account, you could make with several better investing options. The next pace up would be a money market account. These are somewhat like savings accounts, but they gross a highe...
03rd July 2007
You wish the threatening letters and nasty phone calls would stop! They are stressing you out and ruining your life. You want to pay back your bills and obligations but they have spiraled out of control and you just have no idea where to turn. You've be...
02nd July 2007
Healthcare industry is one of the most demanding fields and nursing degree is one of the most popular degrees enrolled by college students because most of nursing degree graduated students is easily secure a career in the high demanding healthcare industr...
01st July 2007
In this final chapter, let’s see what the true facts are? Prior to 1964 it was illegal to buy or sell gold here in the United States. So the elite wealthy, rich and famous were taking their U.S. Dollars abroad and acquiring precious metals (gold, si...
01st July 2007
Would you lend money to a counterfeiter? I wouldn’t think so. Then why do countries such as China and Japan hold over $1 trillion each from the US which has recklessly been printing greater and greater amounts of money since going off the gold standard?...
01st July 2007
Why are diamonds valued more than water? Water, not diamonds, is necessary for life. So shouldn’t it be more valuable? Classical economists puzzled over this question and named it the value paradox.
Scarcity of goods is what causes humans to attribu...
01st July 2007
Instinctively our minds are wired to detect patterns. Any person looking at a typical stock price chart will feel that he/she can predict where it will go based on where it has been.
How strong is the pattern recognition of humans? Consider the followi...
01st July 2007
Consider a simple scenario where an individual has some grain. He could either:
Eat all of the grain now and over the course of winter.
Eat the bare minimum of grain to survive and save the remainder to plant next year’s crops.
What are the con...
01st July 2007
There are two commonly held views as to why money has value:
1. People are willing to accept it as payment (social convention)
2. The government says so (government decree)
The first reason, that being that money has value because people are willin...
01st July 2007
I have a growing concern regarding paper money. That concern is what defines a “dollar”. A dictionary definition describes a dollar as being a basic monetary unit equivalent to 100 cents. Further investigation reveals that a cent is equal to 1/100th o...
01st July 2007
Studies in neuroscience have shown that while the human brain excels at pattern matching, it does not distinguish well between perceived patterns and actual patterns. From a strictly evolutionary perspective, if you see a pattern that might indicate that ...
01st July 2007
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” (John Maynard Keynes, chief architect of our present-day fiat money system)
The Mission Statement of the...
01st July 2007
The most common measures are named M0 (narrowest), M1, M2, and M3 (broadest).
M0 is the starting point for the concept of money supply. It is the total of all electronic, credit-based deposit balances in bank (and other financial) accounts plus all...
