Just One of the Many Great Stories Shared Memorial Day! (You might find the add on at the end useful)!

 Son of Fire!
by Coach Collins

By Kevin “Coach” Collins

Let us never forget those who gave their life for our freedoms.

Remembering the brave men and women who gave their “last full measure of devotion” for our freedoms requires us to take a moment on this Memorial Day to focus on the individuals behind the numbers and remember they are not just names on a wall.

One of those individuals who gave everything he had for us was Marine Captain John J. McKenna IV who was killed on August 16, 2006 during an operation in Fallujah, Iraq.

The story of John McKenna’s life and death is the story of a genuine American hero. Having had the great honor of spending a day with John J. McKenna III, the Captain’s father, I learned the story of how the McKenna family got the awful news of his death.  It was a reminder that the heroes who step forward to defend us, come from America’s greatest asset: our families.

Captain McKenna lost his life trying to comfort one of his men, Lance Corporal Michael Glover. They were conducting an operation near Fallujah Iraq when Glover, who was the point man, was shot by a sniper. True to his nature as a great leader, McKenna wouldn’t order anyone else to go out to help Glover; he went himself. Witnesses say John had Michael Glover cradled in his lap when he too was shot and killed by the same sniper.

A few days after Captain McKenna’s death, John III was in the family’s old home in Brooklyn. They had recently sold it and he was taking one last look at the place where he and his wife Karen had raised John and his sister Allyson.

He was in Brooklyn for a final dental appointment and stopped at the house to make sure it was in order for the new owners. When the bell rang he thought it was neighbors coming by to wish him and his family well in their new home 175 miles away in upstate New York.

When he opened the door there was no need for words. He saw two Marine officers. He knew why they were there.  When the Marine officers heard Captain McKenna was a New York State Trooper on active duty as a reservist, they made arrangements to have the Troopers join in helping the McKenna family.

Soon a procession of government vehicles was taking John McKenna III back upstate to be with his wife and daughter. What happened when the motorcade turned onto his new street is one of those things that make us proud to be Americans.

He recalled that even though they had moved into their new home just nine days before, every neighbor on his street was outside on the roadway with burning candles quietly paying tribute to the fallen Captain McKenna and his family.

John McKenna IV “Son of Fire”

The name McKenna can be translated from the ancient Irish language to mean “Son of Fire.” The countenance of John J. McKenna IV was a perfect fit to this meaning. John had piercing green eyes and fiery red hair. He was the hard charger he looked like.

He was a brilliant student who was sent to Europe on an international fellowship.  He was a tough New York State Trooper, an Eagle Scout and a credit to his country his family, the Marine Corps and all freedom loving Americans.

We were honored to have had Captain John J. McKenna IV and Lance Corporal Michael Glover among us even for the too few years of their lives.

Where we get such patriots is no mystery. They come from fine families like the ones fashioned by McKennas and Glovers.  May God bless them today and always. URL: http://wp.me/pXcdT-4ha

This may interest you like it did me: It really helped me!

When The Millionaire’s Brain was placed on my desk, I groaned inwardly, “Oh no, not one of THOSE again,” and I almost pulled my hair out in frustration. I have readers who actually write in and ask how I can review such books.

But after going through it, The Millionaire’s Brain turned out to be one of those rare gems that actually work for once.

Since this is after all a self-help guide, the content is more or less the same, but The Millionaire’s Brain seeks to be different from the rest of the pack by everything else.

While other products just provide textbook write-ups about what’s going on, The Millionaire’s Brain goes a step further, which I’ll explain more as I go along.

To gain success in this very competitive world, it is just not sufficient if you have talent, or a dream.

If you don’t know how to work it, you won’t get it.

Chapter 1 “Master Your Destiny” explores the concept of responsibility. Responsibility is central to the belief of the success mindset. With responsibility, you know that your choice matters in the long run.

In order to kick-start the whole process, we need to begin from the brain. The brain structure is the canvas for us to work the magic of the mindset. Continuing on that analogy, one of the methods is to keep painting on it i.e. to keep telling the brain to do specific things or inculcate particular behaviors. Only with the constant painting and re-shaping, will the positive behavior be wired into our brain and manifest automatically into our action.

One of the most doable strategies outlined here is the strategy of not watching TV programs – Because they are too mindless!

Come to think of it, watching those mechanical and bland TV programs does nothing to infuse your own destiny into the brain. There are absolutely no benefits at all.

Next on the palette, belief and ideology are critical ingredients as the underlying foundation to the great artwork of success mindset.

You have to believe that the next millionaire is you.

http://seashannon.millionb.hop.clickbank.net

There is no second way about it.

A strong and unwavering belief aligns with the powerful law of attraction and hands you the keys to infinite wealth. It is really that simple.

In addition, to strengthen your success mindset, you may need to give up something.

Not your soul, don’t worry.

It is something very close and intimate to the heart, something which you may have told yourself on occasions, or something which you heard from others.

Now, I won’t be revealing those 2 words here, you’ll be amazed what it is when you come to that section in the ebook. Once you know what those words are, a simple reversal spins the wheel of fortune directly to your way.

It’s worth mentioning fear.

Fear is always the stumbling stone in any ambitious plan of success. Because one takes a fearful step back, everything literally comes to naught – everything from planning, to resource-gathering, to execution of the plan.

Indeed, like what the authors Winter and Alvin expound, talk is cheap. Action must be taken and fear tossed out to the wind. As compared to other products, this is something lacking. They usually come in an ebook, and just vaguely talk about this theory and that research finding.

Thankfully, it is not just all talk in The Millionaire’s Brain. There are exercises throughout the ebook, to reinforce your understanding.

What is an advantageous plus about The Millionaire’s Brain is that there is a Brain Optimizer Workbook to further underpin what you need to do.

Here, the brain optimizing exercises come in handy, which include affirmations, meditations, and many other little things you can implement effectively in your daily routine.

One of the bonuses, The Money Code, is rather intriguing because it focuses on financial success. Now it can be rather difficult for a layman to focus on financial details simply due to the technical jargon. But The Money Code is all straightforward and easy to understand on the concepts it seeks to code into the brain.

The other bonus is The Millionaire Mindset Suite. This is a package of brainwave entrainment audios which eases the mind and provides meditative music as you contemplate your mindset, its creation and affirmation to work to your favor.

I’ve read through countless self-help books in my time and I have to say that The Millionaire’s Brain is quite possibly one of the best, if not the best, personal success development product out there.

It is unbelievably comprehensive and in-depth, yet the concepts taught are so easy to understand and can be readily put into practice and action.

If you look at those “Get-Rich Quick” seminars, what they’re asking is for you to keep on pumping in the capital to play the market, which may turn out to be quite risky. For The Millionaire’s Brain, there is no such high risk involved. With The Millionaire’s Brain, you have an iron-clad guarantee which protects your interests – you will never lose your investment.

And the best thing of The Millionaire’s Brain?

It’s affordable for guys like you and me. You know those same “Get Rich Quick” seminars I mentioned? Those cost you hundreds, if not thousands of dollars for a 2 day weekend event. Millionaire’s Brain is a mere fraction of that… and you get to learn everything in the program right in the comfort of your own home.

No travel required.

And get this, you can reap far MORE at the end of the day, not by the satiation of your stomach, but by the wealth which will ensure the future of you and your loved ones!

You’d be hard pressed to find any success products with such a reasonable pricing, AND with such a crystal-clear promise of a millionaire’s destiny.

Hence, I highly recommend Winter and Alvin’s The Millionaire’s Brain to you if you are determined about seeking the millionaire’s, or to be even more ambitious, the billionaire’s, success in your life!

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Get in the Now! Stop Blaming Mistakes from the Past!

A photo of G W Bush started this dialogue. Add your thoughts:

Keith Koblitz like him, hate him he was what you saw. Look at how he has conducted himself since leaving the whitehouse, now compare him to others like Clinton and Carter…..

Tony Smith LOL. Whoever created this meme knows nothing about the English language, because this is a qualified admission from Bush, who also knows noting about the English language, that he sold his soul.

I agree with GW: He didn’t sell his soul for popularity. He sold it for money and power.

Tamara Blessing No, he sold his soul to the devil so he could be part of the Skull and Bones like all of his family. They also did business with the Nazis in Argentina, etc, etc. Shinning example of morality!

Al Battista Sure, W Bush (and his dad) made some bad mistakes, but the entire USA made a terrible mistake when they let that communist-muslim into the White House.

Al Battista If the USA lets HillBilly (ya, you get 2 for 1, remember) in, then it’s over for us. Bush’s might be Skull and Bones, but HillBilly are a couple of perverts that practice gangsterism, witchcraft and the Hustle! How come so many people are so deceived they can’t see through these crooks?

Al Battista By the way, Did W really do anything for power, and he is already wealthy beyond belief? Sure, people that run for the prez position are all egos looking for power. However, after leaving office he has done nothing to enhance his position in power or wealth…See More

Tony Smith So, Al, you’re saying that because O and HillBilly are bad that makes it okay GW was bad, too? Do you know how many people this poltroon murdered for the sake of his ego and profits?
Like · Reply · May 25 at 4:51am

Keith Koblitz I like the story that a few days after saying Hitlary said they were flat broke one, I can’t remember which, made a speeh for $700,000, and when she was making her dirt poor interview she actually said that they were struggling to buy houses …See More (SEE BLOG AMATEURVSCOMPETENT.WORDPRESS.COM FOR THE TINY SHACK THEY WERE ABLE TO BUY WHEN BROKE!)
Like · Reply · May 25 at 4:52am
Deauna Stafford Wow The misrepresentation of George W. Bush is astonishing
His days in college and when he was a professed alcoholic are far different than the day he was reborn again in Christ; became a devout Christian with the personal relationship with Jesus Christ; A great Governor; I devoted husband and father; and all-around outstanding human being

To throw stones at him after repenting and changing his life is a sad state of our country

To each that have no sin cast the first stone

George Bush and 48 other countries invaded Iraq with Democrat leadership beating the drums louder than any Republican – starting with Bill Clinton and Secretary of State Albright in the 90s

Shame on those who claim to know George Bush’s heart

I’m all for debate and respect everyone’s view even when they differ from mine

I’ve now stated my view

I still love y’all & hope you love me

Like · Reply · May 25 at 8:01pm
Al Battista I agree! Yet, we do know what is in his heart when we see him out of office, still going to military hospitals bringing love, cheer and God to wounded troops. He also did that while in office. (unlike some one else we won’t mention, but we know as BO)! We also see him participating with wounded troops on bike rides, jogs, etc.
Like · Reply · 12 hours ago
Al Battista W is real! He shows his care and love for the troops even after leaving office. He also did in office. (Unlike BO). Yes, If I was prez I wouldn’t have gone into the very contained Iraq, but yes you are right, the dems really pushed for it. Then, once troops committed did all they could to interfer, complain and hurt the war effort. Sort of like LBJ, getting us into Vietnam, then not supporting the troops.
Like · Reply · 12 hours ago
Al Battista Deauna, is Tony a friend of you and Larry? He may be a nice guy, but he shows what’s in his heart with his hatred of Bush! By the way, ‘as dumb as I find most libs to be, I don’t hate them. I realize you can’t reason with them, but hate only poisons me! I don’t need that poison. Perfect love castes out all hate and fear!
Like · Reply · 1 · 12 hours ago
Al Battista In case anyone wonders, Larry and I both know how terrible war is! The person that desires peace more than anyone is the Warrior!
Like · Reply · 1 · 12 hours ago
Tony Smith LOL. It happens again—call a spade a spade and you get accused of being a lib every time. Well, Al, if by “lib” you meant “libertarian,” you got me right. I believe in freedom. Anything less is anathema.

I love how Bushites always try to defend his cr…See More
Like · Reply · 8 hours ago · Edited
Tony Smith Yes, W is real. He’s a real ass.
Like · Reply · 8 hours ago
Al Battista Like the man said, “It takes one to know one!”
By the way, what is the mania about Bush? He’s been gone for 6 years, and effectively neutralized for 8, after PaLousy /Hairy Reed took over the last 2 years of his term. Tony, I don’t know if you’re a lib or not, but you really need to start being concerned with where we are, and where we are going. BE ADVISED: Obama is not incompetent, like so many say! In fact he is doing exactly what he wants to do! If HillBilly wins they will continue the 3rd term of Obama’s destruction of the USA! You either want a strong USA, so we can have a stable World, or you want destruction everywhere! There is no alternative!
Al Battista’s photo.
I’d rather he was an incompetent fool, than what he really is!

Al Battista I’ve been a Libertarian since 1979. We went to one of their first organizational meeting in Washington, District of Corruption when we lived there. Although I worked hard for the defeat of Kerry, I did not change my Party to RepublICAN until Romney ran in 2008, so I could vote for him in the primary. Only those with a vested interest in another candidate or the uninformed could not see that Romney’s record was the best to successfully fix the broken parts of our USA. I will probably change back to Libertarian if Rand makes it to the primaries-although he will be smeared by both demonRats and republicans. Otherwise, Ben Carson is the only other worthwhile candidate! Of course, Americans are so dumbed down today that they will not recognize the genius of the two best candidates! How do we make people see the only viable candidates are the ones that are attacked by leftists and republicans?

Al Battista's photo.
Al Battista's photo.
Al Battista's photo.

Stay in the Now and Save the USA!

A photo of G W Bush started this dialogue. Add your thoughts:

Keith Koblitz like him, hate him he was what you saw. Look at how he has conducted himself since leaving the whitehouse, now compare him to others like Clinton and Carter…..

Tony Smith LOL. Whoever created this meme knows nothing about the English language, because this is a qualified admission from Bush, who also knows noting about the English language, that he sold his soul.

I agree with GW: He didn’t sell his soul for popularity. He sold it for money and power.

Tamara Blessing No, he sold his soul to the devil so he could be part of the Skull and Bones like all of his family. They also did business with the Nazis in Argentina, etc, etc. Shinning example of morality!

Al Battista Sure, W Bush (and his dad) made some bad mistakes, but the entire USA made a terrible mistake when they let that communist-muslim into the White House.

Al Battista If the USA lets HillBilly (ya, you get 2 for 1, remember) in, then it’s over for us. Bush’s might be Skull and Bones, but HillBilly are a couple of perverts that practice gangsterism, witchcraft and the Hustle! How come so many people are so deceived they can’t see through these crooks?

Al Battista By the way, Did W really do anything for power, and he is already wealthy beyond belief? Sure, people that run for the prez position are all egos looking for power. However, after leaving office he has done nothing to enhance his position in power or wealth…See More

Tony Smith So, Al, you’re saying that because O and HillBilly are bad that makes it okay GW was bad, too? Do you know how many people this poltroon murdered for the sake of his ego and profits?
Like · Reply · May 25 at 4:51am

Keith Koblitz I like the story that a few days after saying Hitlary said they were flat broke one, I can’t remember which, made a speeh for $700,000, and when she was making her dirt poor interview she actually said that they were struggling to buy houses …See More (SEE BLOG AMATEURVSCOMPETENT.WORDPRESS.COM FOR THE TINY SHACK THEY WERE ABLE TO BUY WHEN BROKE!)
Like · Reply · May 25 at 4:52am
Deauna Stafford Wow The misrepresentation of George W. Bush is astonishing
His days in college and when he was a professed alcoholic are far different than the day he was reborn again in Christ; became a devout Christian with the personal relationship with Jesus Christ; A great Governor; I devoted husband and father; and all-around outstanding human being

To throw stones at him after repenting and changing his life is a sad state of our country

To each that have no sin cast the first stone

George Bush and 48 other countries invaded Iraq with Democrat leadership beating the drums louder than any Republican – starting with Bill Clinton and Secretary of State Albright in the 90s

Shame on those who claim to know George Bush’s heart

I’m all for debate and respect everyone’s view even when they differ from mine

I’ve now stated my view

I still love y’all & hope you love me

Like · Reply · May 25 at 8:01pm
Al Battista I agree! Yet, we do know what is in his heart when we see him out of office, still going to military hospitals bringing love, cheer and God to wounded troops. He also did that while in office. (unlike some one else we won’t mention, but we know as BO)! We also see him participating with wounded troops on bike rides, jogs, etc.
Like · Reply · 12 hours ago
Al Battista W is real! He shows his care and love for the troops even after leaving office. He also did in office. (Unlike BO). Yes, If I was prez I wouldn’t have gone into the very contained Iraq, but yes you are right, the dems really pushed for it. Then, once troops committed did all they could to interfer, complain and hurt the war effort. Sort of like LBJ, getting us into Vietnam, then not supporting the troops.
Like · Reply · 12 hours ago
Al Battista Deauna, is Tony a friend of you and Larry? He may be a nice guy, but he shows what’s in his heart with his hatred of Bush! By the way, ‘as dumb as I find most libs to be, I don’t hate them. I realize you can’t reason with them, but hate only poisons me! I don’t need that poison. Perfect love castes out all hate and fear!
Like · Reply · 1 · 12 hours ago
Al Battista In case anyone wonders, Larry and I both know how terrible war is! The person that desires peace more than anyone is the Warrior!
Like · Reply · 1 · 12 hours ago
Tony Smith LOL. It happens again—call a spade a spade and you get accused of being a lib every time. Well, Al, if by “lib” you meant “libertarian,” you got me right. I believe in freedom. Anything less is anathema.

I love how Bushites always try to defend his cr…See More
Like · Reply · 8 hours ago · Edited
Tony Smith Yes, W is real. He’s a real ass.
Like · Reply · 8 hours ago
Al Battista Like the man said, “It takes one to know one!”
By the way, what is the mania about Bush? He’s been gone for 6 years, and effectively neutralized for 8, after PaLousy /Hairy Reed took over the last 2 years of his term. Tony, I don’t know if you’re a lib or not, but you really need to start being concerned with where we are, and where we are going. BE ADVISED: Obama is not incompetent, like so many say! In fact he is doing exactly what he wants to do! If HillBilly wins they will continue the 3rd term of Obama’s destruction of the USA! You either want a strong USA, so we can have a stable World, or you want destruction everywhere! There is no alternative!
Al Battista’s photo.
I’d rather he was an incompetent fool, than what he really is!

Al Battista I’ve been a Libertarian since 1979. We went to one of their first organizational meeting in Washington, District of Corruption when we lived there. Although I worked hard for the defeat of Kerry, I did not change my Party to RepublICAN until Romney ran in 2008, so I could vote for him in the primary. Only those with a vested interest in another candidate or the uninformed could not see that Romney’s record was the best to successfully fix the broken parts of our USA. I will probably change back to Libertarian if Rand makes it to the primaries-although he will be smeared by both demonRats and republicans. Otherwise, Ben Carson is the only other worthwhile candidate! Of course, Americans are so dumbed down today that they will not recognize the genius of the two best candidates! How do we make people see the only viable candidates are the ones that are attacked by leftists and republicans?

Al Battista's photo.
Al Battista's photo.
Al Battista's photo.

Tchaikovsky Flashwaltz at Hadassah Hospital

Tchaikovsky Flashwaltz at Hadassah Hospital.

 

My desire is to bring some such blessing to the World!

I would love to help 1,000,000 poor people rise to a level of upper middle class!

The 1,000,000 can be World-wide, as long as the 1st 100,000 are USA citizens!

Here’s Why We Need Small, Spendable Amounts of Gold!

What Is “Affluent Investor”?

The Collapse of Cash

“With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, … the more attractive your mattress becomes.”  

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Realities and Revelations

, by

image: http://affluentinvestor.com/wp-content/uploads/2013/09/Money-decline.png

Money declineDespite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of monetary manipulations. And has achieved anemic average annual growth of 2.2% since 2010. Therefore, to further demonstrate the failure of money printing to engender economic growth, the dismal Q1 GDP read of just 0.2 % displays the failure of this policy once again. Wall Street Shills have been quick to once again blame snow in the winter for the Q1 miss. However, it is becoming evident that Q2 will not produce any such anticipated rebound.

Markit’s Flash U.S. Services PMI (Purchaser Managers Index) for April indicated that business activity rose at a slower pace than expected. The April reading came in at 54.2, which was below the consensus of 56.2 and below March’s level of 55.3. Adding to the bad news was the Conference Board’s Consumer Confidence Index that hit 95.2 in April. Economists polled by Reuters expected a reading of 102.5. And, the Richmond Fed Manufacturing Index fell into the minus column for the second month in a row at -3 for the start of Q2.

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Things don’t look much better across the globe. The Euro zone Purchasing Managers’ Survey disappointed investors with the German PMI index falling to 54.2, from March’s eight-month high of 55.4. France’s PMI also showed a slower expansion than forecast in the services sector and a worse contraction in manufacturing than predicted. Manufacturing PMI in France decreased to 48.4 in April, from 48.8 in March.

Japanese manufacturing activity contracted in April for the first time in almost a year, as domestic orders and output fell. The Markit’s Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.7 in April, from a final 50.3 in March. The index fell below the 50 threshold that separates contraction from expansion for the first time since May of last year.

We are in our seventh year of record-low interest rates and banks have been flooded with reserves. However, the developed world appears to be debt-disabled. That is, already saturated in debt, therefore unwilling and unable to service new debt due to a lack of real income growth.

So the problem for central banks and governments is how to get the money supply booming in an environment where consumers want to deleverage and save. Zero percent interest rates (ZIRP) are inflationary and negative real interest rates foment asset bubbles and encourage new debt accumulation. For decades central banks have used their control of the price of money to coerce boom cycles that eventually turn to bust. But for the past six years, their foray into ZIRP land hasn’t provided the boom cycle they were expecting. Sure, they have created massive bubbles in bonds and equities– but the economy has yet to enjoy the promised growth that is supposed to trickle down from creating these bubbles. They have set the markets up for a bust, yet the economy never enjoyed the boom.

This has left Keynesians scratching their respective heads and scheming new ways to encourage even more borrowing and spending. The Keynesians who rule the economy now control the price of money but are having difficulty controlling its supply and producing rapid inflation rates.

Bank deposits that pay nothing and ultra-low borrowing costs haven’t proved effective in boosting money supply and velocity growth. The growth rate of M3 has fallen from 9% in 2012, to under 4% today. And monetary velocity has steadily declined since the Great Recession began. Therefore, unfortunately, the next baneful government scheme is to push interest rates much further into negative territory in real terms; and also in nominal terms as well!

You would think this is absolutely absurd but it is already happening. The European Central Bank, has a deposit rate of minus 0.2 percent and the Swiss National Bank, has a deposit rate of minus 0.75 percent, as of May. On April 21st the cost for banks to borrow from each other in euros (the euro interbank offered rate, or Euribor) tipped negative for the first time. And as of April 17th, bonds comprising 31% of the value of the Bloomberg Eurozone Sovereign Bond Index, were trading with negative yields.

Could Negative Interest Rates Arrive In America?

They already have. Beginning on May 1st, JP Morgan Chase has announced they will charge certain customers a “balance sheet utilization fee” of 1% a year on deposits in excess of the money they need for operations. That amounts to a negative interest rate on deposits. Banks formerly competed for your money– now they want to charge you to park it with them.

With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, money on your deposits in the form of a “utilization fee,” the more attractive your mattress becomes. But, as long as paper money and your mattress are available, the Fed will not be able to fully implement its negative rate policy in its quest to create inflation. After all, there would be a global run on the banking system if rates were to fall into negative territory by more than just a few percentage points.

So how can central banks and governments ensure rapid money supply growth and velocity if consumers have the option to hoard cash? Some of the “best minds” in Keynesian thought, like Kenneth Rogoff, have a solution to this. They are floating the idea that paper money should be made illegal and the evidence shows governments are listening. If you outlaw hard cash, and make all money digital, there is no limit to how much borrowers can get paid to borrow and how much savers get charged to save. This would make it unprofitable to hoard cash, and compel people to consume and borrow electronic currency as fast as possible. Money in the bank would become the “hot potato”: as soon as it hits your bank account the race would be on to move it to the next person’s account. Whoever gets stuck with the money when the music ends pays a fee; that would be some increase in velocity! And vastly negative real interest rates would force the amount of leverage in the economy to explode.

This idea sounds fairly Orwellian-allowing central banks to control every aspect of monetary exchange and giving the Federal Government an electronic gateway to every financial transaction. But when you think about it, the idea of a fiat currency and the Federal Reserve were radical ideas before they became common place. Indeed, this is exactly why the authors of our constitution tried to ensure gold and silver would have the final and only say in the supply and value of money.

Just as gold once stood in the way of governments’ desire to expand the money supply, physical cash is now deemed as a fetter to the complete control of savings and wealth by the state. History is replete with examples of just how far governments will go to usurp control of people under the guise of the greater good. Sadly, the future will bring the collapse of cash through its illicit status, which will in turn assist in the collapse of the purchasing power of the middle class. Wise investors would take advantage of the opportunity to park their savings in real money (physical gold and silver) while they still have a chance.

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Start now!  We can’t afford impractical ounces of gold, but small, spendable grams of gold are within the reach of everyone!

If you haven’t started to save, you must get on a weekly, bi-monthly or monthly savings program.  If you try you can save $60 a month!  We all waste that much every ten days or so! Slow down on the Starbucks coffee.  If you are supposed to win the lottery you only need one ticket, not 10!  Stay out of the local casino! Tell your kids “No!” once in a while!  Save a little money in spendable Karat Bars!  Check it out at

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PLEASE READ THIS ARTICLE BELOW FOR A FURTHER UNDERSTANDING OF ECONOMICS!

A specter, to paraphrase the opening line of The Communist Manifesto, is haunting America. That specter is the economics profession itself.

Economics has become immersed in arcane modeling. Modeling does not really work well, as even the cognoscenti sotto voce admit. Consider, for example, at the New York Fed’s excellent Liberty Street Economics: Choosing the Right Policy in Real Time (Why That’s Not Easy). This essay concludes, with refreshing integrity and candor:

In the end, we have shown that policy analysis in the very oversimplified world of DSGE [Dynamic Stochastic General Equilibrium] models is a pretty difficult business. Contrary to what it may sometimes appear from listening to talking heads, deciding which policy is best is very rarely a slam dunk.

Dynamic Stochastic General Equilibrium models? Economics has come to resemble more the model-based pseudoscience of astrology more than the observation-based science of astronomy.

As Prof. Reuven Brenner in Asia Times:

Most people are unaware of the fact that rulers perceived astrology for almost a century as “science” – pretty much as some perceive “macro-economics” these days. Monarchs, such as Charles I, as well as the learned and the nobility relied on Councils of Astrological Advisers. Books, presenting complex geometrical calculations linked to positions of stars, legitimized analyses and forecasts.

Abruptly, after a century, in part due to Galileo’s telescope destroying the science of political lies and hierarchies built on them, the astrological edifice disappeared in a puff – or so it appeared.
Except that macro-economics is now its modern incarnation: Only instead of stars, macro-economists look at “aggregates” gathered religiously by governments’ statistical agencies – never mind if the country has a dictatorial regime, be it left, right or anything in between, or has large black markets, as Italy and Greece do, where tax evasion has long been the main national sport. So let us first forget about this “macro” stuff, whose beginnings are almost a century old, and offer a simple alternative for shedding light on the situation today and on possible solutions, hopefully demolish this modern pseudo-“science” once and for all.

The most popular book demystifying economics of the 20th century was Henry Hazlitt’s Economics in One Lesson. It sold a million copies.

Now, for the 21st century, comes John Tamny, Political Economy editor at Forbes, editor of RealClearMarkets.com (and a friend) again to muck out the Augean stables. Tamny has published a splendid new book: Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics. It reportedly already is going into its second printing. May it, like Hazlitt’s classic, sell a million copies!

If (admittedly a big If) even a single presidential aspirant reads it and takes it to heart Popular Economics could prove a significant factor in restoring what proto-Supply-Sider John F. Kennedy said at the dedication of Greers Ferry Dam: “A rising tide lifts all the boats….”

Big If, yet there’s hope. As I have argued here that great transformations in areas such economic growth policy almost always, in the modern era, have originated in the House of Representatives. I spend a great deal of time inside the Congress and am delighted to report that Tamny’s Popular Economics is written in the terms that Members of Congress speak and think. (Bonus points to Tamny for his many and extensive sports stories, the kind of stuff people actually talk about on Capitol Hill when the cameras are off.)

Tamny loves to be provocative. He’s good at it. He exalts income inequality. He celebrates (organic, rather than government-exacerbated) recessions. Tamny does an especially good job at stripping the bark off the fallacy that career civil servants somehow are smarter or nobler than entrepreneurs and executives in the private sector.

I myself spent several years as a career civil servant in the U.S. Department of Energy. From personal experience I admit to having become not a whit smarter once sworn to uphold the Constitution and issued the laminated badge. Nor were any of my colleagues made of the stuff of Plato’s philosopher-kings. Mere mortals all!

Some of Tamny’s jousts easily could be taken out of context and used, by Progressives and other dirigistes, to satirize his positions. Yet his points, to any fair reader, are clear:

Recessions are the cure for what’s wrong with an economy. They cleanse it of the bad businesses, bad investments, and labor mis-matches that got it in trouble in the first place. When the 1920-1921 recession hit, a wise political class sat back and did nothing, other than lower taxes slightly and slash spending. Unemployment dropped from 11.2 percent in 1921 to 1.7 percent by 1923, and the Roaring ‘20s took off.

Contrast that fast near-10% drop in unemployment with the record of the protracted Great Recession, and soggy recovery in which we are still mired, courtesy of the economic policies of both the George W. Bush and Barack Obama administrations.

Tamny covers a lot of ground in this book, thoroughly covering the Big Four economic policies. Done right these support the achievement of equitable prosperity. Done wrong these mire us in stagnation and income immobility.
Tamny tackles taxes, regulation, trade, and money. He does so by reference to popular culture, making lucid that which, in the hands of less gifted writers, often is dull and dry. (Not for nothing did Carlyle call economics “the dismal science.”)

Here’s an example of how Tamny subtracts the dismal from the science:

Politicians may raise [by taxes] the cost of work for their citizens, but if the cost is too high, those citizens won’t stick around to be fleeced, especially when they’re well-to-do. … [Keith] Richards and the Rolling Stones did just that. (Quoting Richards:)

“The last thing I think the powers that be expected when they hit us with super-tax is that we’d say fine, we’ll leave. We’ll be another one not paying tax to you. They just didn’t factor that in. It made us bigger than ever, and it produced Exile on Main St., which was maybe the best thing we did. They didn’t believe we’d be able to continue as we were if we didn’t live in England. And in all honesty we were very doubtful too. We didn’t know if we would make it, but if we didn’t try, what would we do? Sit in England and they’d give us a penny out of every pound we earned? We had no desire to be closed down. And we upped and went to France.”

Tamny especially impresses with the clarity around the matter of money, to which he devotes five full chapters. For example:

In The Wealth of Nations-the masterpiece that laid the groundwork for the rise of modern capitalism-Adam Smith observed that “the sole use of money is to circulate consumable goods.” That was a throwaway line, for no serious thinker had ever considered money as anything but a measure. Money came into existence because men needed a way to measure the value both of their production and of the consumable goods they sought in exchange for the fruits of their labor. Smith was stating the obvious.

Smith would laugh at all the commentary in the media today about the need for a “strong dollar” or a “weaker dollar to boost exports” or the importance of convincing the Chinese to “boost” the value of the yuan. To Smith, that would be the equivalent of saying “increase the length of the meter” or “shorten the minute” or, because Kim Jong-Un is bothered by his diminutive five-foot-six- inch stature, there is a need to “devalue the foot” so the North Korean dictator can stand ten feet tall. Just as the foot is never long or shot, money should be neither strong nor weak. The foot is a standardized tool to measure actual things, and money should have the same constancy.

Popular Economics has attracted great praise from many of the leading public intellectuals dedicated to economic growth (as well as from no less than George Will). Steve Forbes, in his excellent Foreword, says it best: “By breaking the mold of what modern economics has become and by explaining in an engaging way what economics truly is, Tamny has done humanity an inestimable service.”

Buy Popular Economics.

Be provoked.

Originating at RealClearMarkets.com

Money decline

Read more at http://affluentinvestor.com/2015/05/economics-so-simple-even-politicians-will-understand/#fB1zZGSIBH2SqvXT.99

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