If you listen to me on the True Money Show, then you are aware that the second, grand purpose of my show is to advocate for a just and sound monetary system to replace the dishonest one that we currently have. Just what, exactly, would that look like? Well, yesterday, my guest, John Sharpe, and (Continued)
I get asked “money” questions all the time. The most common query by far is: “I have some money in an old 401(k). Do you think you could do anything with it? It’s just sitting there and I don’t know what to do with it.” I hate that question. I have nothing against the person (Continued)
There are lessons to be learned from the “Greek crisis”, but you will be hard-pressed to find them in the mainstream media. Yes, the media pundits will blather on about how a sovereign default will hurt our economy and stock market, but what solutions do they offer to either Greece or to Mr. Smith in (Continued)
In a recent USA Today article entitled “Cash is King for ex-CEO of Pimco,” we are told that the former CEO of PIMCO, Mohammed El-Erian, is “keeping most of his money…in an unusual place – cash.” El-Erian explains, “That’s not great, given that it gets eaten up by inflation. But I think most asset prices (Continued)
What do you call a man trying to sell ice to Eskimos? “Unemployed”, of course! What do you call a man trying to sell debt to debtors? That would be: “Mr. President.” In his own words: Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension. A Social Security (Continued)
Recently, a money manager that I otherwise greatly respect, said this rather despairing, if not delusional, statement: “Ultimately, there may be no such thing as a safe asset anymore and investors may want to take a diversified approach to something as mundane as cash.” [Emphasis added] The Rising Dollar Myth by Axel Merk. I know (Continued)