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 GRANDSON DID THIS RELIGIOUSLY TO THE AGE OF 103 WHEN HE DIED. HE LEFT BEHIND 14 CHILDREN, 30 GRANDCHILDREN, 45 GREAT-GRANDCHILDREN, 25 GREAT-GREAT-GRANDCHILDREN, AND A 15-FOOT HOLE WHERE THE CREMATORIUM USED TO BE
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[BRIEFING.COM] The stock market ended the Wednesday session on a mixed note with small caps displaying relative strength. The Nasdaq Composite (+0.5%) and Russell 2000 (+0.4%) registered modest gains, while the Dow Jones Industrial Average (-0.2%) and S&P 500 (+0.01%) underperformed.
Despite the mixed finish, the key indices traded higher across the board at the start of the session after the advance reading of second quarter GDP surpassed estimates (4.0% versus Briefing.com ... More
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