VIDEO ON MSN MONEY
Please, whatever you do, understand that owning paper is just that, OWNING PAPER. This is especially important now, when the world is full of multi-billion dollar companies that literally have almost no assets. Take Facebook for example - they have a market cap of over $150 billion. Do you really think they have even 10% of that in actual assets? What do they have - buildings, office furniture, servers and a trademark? Seriously, if you look at their balance sheet, they list less than $15 billion in assets.
I'm not suggesting that gold is necessarily the right play here. But I am saying that tangible assets that generate a consistent cash flow are much preferred over long-term investments in a few pieces of paper, especially if you're looking for ways to "beat the next meltdown".
B of A, the same bank that lost $14,000 of my US Saving Bonds for my kid’s college. Can you believe a bank can loose your Safe Deposit Box? B of A did. Then they tried to say I never had an account with them. I showed them my Deposit box key and the manager said it was the banks key alright. Then she asked if she could have it. Can you believe it? I told her hell no you can’t have it, it’s the only tangible evidence I had to try and straighten out this mess. B of A never did fix the problem. I had to confront the Treasury Department. And believe me! That’s a whole nother chapter in the reality of crooked business. Took almost 1.5 years and you’d better have kept good records. They sure won’t go out of their way either.
In God I Trust, who else is there?
If you want to be taken seriously as journalists, then interview the professional market manipulators and ask them when they've arranged for the next "meltdown" to happen.
This couldn't be further from the truth. The CPI is a government lie. I defy anyone to tell me their money buys as much today as when quantitative easing started.
The Fed Reserve has been buying $trillions of our own debt (bonds) at $85 billion monthly for 5 years. They can no longer keep up this insanity because of inflation so here comes the bond selling pitch to encourage the public to pay for the mess they created.
China, Russia and other countries have been avoiding our treasury bonds and turning to other investment alternatives. They are fast losing faith and credit in our currency because of our out of control debt and creating digital money out of thin air endlessly (QE's).
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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