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Tag Archives: debt
The Rich are Rich Because They’re Not Stupid
Reading time: 2,520 words, 7 pages, 6 to 9 minutes. The rich are rich because they’re smart. The corollary is that the poor are poor because they’re stupid (see ‘Notes’ at end.) I admit that’s harsh. But, that’s life. Get … Continue reading
Posted in Hints and Tips, Stupidity
Tagged actions have consequences, addictions, debt, delay gratification, discipline, envy, impulse control, patience, personal responsibility, poor, quality, Rich, self-deception, smart, stupid, successful habits, tax the rich, taxes, TV
14 Comments
The Economic Collapse Began Long Ago
Reading Time: 2,820 words, 8 pages, 6 to 11 minutes. Updated July 23 with ‘Demographics’ My forty-year old Godson was belly-aching about the lack of jobs. He whined it’s all the Boomers’ fault. I tore a few strips off … Continue reading
Posted in Collapse 2017, Economic Collapse
Tagged aging work force, cash ban, central banks, cryptocurrencies, debt, Economic Collapse, economic depression, fake statistics, Fourth Turning, gold, labor force participation, magic of compounding interest, Shadow Stats, Silver, Stealth Depression, The Burning Platform, the Fed
14 Comments
Canada Hits the Wall in 2016 – Part 1: Baltic, China, Commodities & Debt
Reading time: 1,571 words, 5 pages, 4 to 7 minutes & some ugly charts. Canada’s good fortune in escaping the last Great Recession relatively unscathed is turning into a curse. Canada’s well-regulated banking system with its greater reserve requirements and … Continue reading
Posted in Collapse 2016, Economic Collapse
Tagged Baltic Dry Index, Canada, China’s Slowdown, commodities, debt, demographics, Japan
3 Comments
Demography + Debt = Doom
Reading time: 5,252 words, 20 pages, 13 to 21 minutes. A ‘Perfect Storm’ of demography and debt will economically and financially doom almost every country on earth. It will be TEOTWAWKI – ‘The End Of The World As We Know … Continue reading
Peter Schiff: Detroit Broke City
Reading time: 1,565 words, 4 pages, 4 to 6 minutes. I’ve been following Peter Schiff for many years and he’s usually right. This time he eloquently describes what happened to Detroit and what will next happen to the U.S. and … Continue reading
Posted in Collapse 2013, Economic Collapse
Tagged debt, Detroit bankrupt, Detroit broke, Economic Collapse, entitlement, government promises, Peter Schiff, unions
2 Comments
Economy Face Off: Ron Paul vs Paul Krugman
Reading time: 300 words, 1 minute Bloomberg video: 20 minutes In this debate between U.S. Congressman Ron Paul and New York Times columnist and professor of economics Paul Krugman, I’ll let you decide what a pack of imeciles the Nobel … Continue reading
Posted in Collapse 2012, Economic Collapse
Tagged debt, Economic Collapse, financial crisis, Greater Depression, liquidity, Paul Krugman, Ron Paul, solvency
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