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The World News Media

  1. What's new in this club
  2. Gold’s status as an inflation hedge is exaggerated - BlackRock
  3. The VOC (Verenigde Oost Indische Compagnie) was Dutch and originated in Amsterdam and the EIC was British and originated in London. They share a history of allies and war. Fun fact: due to the 80 year war with Spain. The Dutch government did not have money for military ships. So the VOC came up with a plan to sell shares of the company to fund military ships. This resulted in the first ever stock exchange. (I like history a lot)
  4. I don't understand why Milton Friedman was so revered for so long... or at least quoted so much. Maybe it was just a snippet in economic time where his matched what the world wanted?
  5. Remember a clean $2000 was passed under Trump (Because Trump said he'd sign it!) & the Senate is still sitting on it. Anything other than a budget reconciliation needs 60 senators to pass in the senate. Otherwise the other party can filibuster. I think they are going to do this through budget reconciliation Our economy is based and backed by the faith in the United States economy and the ability to pay its debts. That's why we see little to no inflation now. How much longer can that be true? Maybe a couple more trillion bills, maybe more ... If only everyone could und
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    In this lecture-style presentation, John Cleese claims that creativity is not a special talent. People are either in an ‘open’ or ‘closed’ state of mind. The closed mode enables people to apply themselves to tasks with vigour and concentration; the open mode is more relaxed and conducive to creative t
  6. "What's important when you're in that hedge fund mode, is to not do anything remotely truthful. Because the truth is so against your view, that it's important to create a new view, to create a fiction." - Jim Cramer, hedge fund manager 2006 "Then you call the (Wall Street) Journal and get the bozo reporter in Research in Motion and you would feed that (rival) Palm's got a killer it's going to give away. These are all the things you must do on a day like today, and if you're not doing it, maybe you shouldn't be in the game." - Jim Cramer, hedge fund manager 2006 “It might cost me $15
  7. Imagine having an average annual income of nearly half of the cost of a house. Times certainly have changed. (Of course our houses have changed quite a bit since then as well)
  8. This is a good link to see JP Morgan Chase's track record:
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  9. They would enter orders and then cancel them before they executed. A process called "spoofing"...... this would effect the pricing of the gold and silver which they would then profit on. Steal BILLIONS for decades.... get a fine in the millions...... = cost of doing business
  10. @JW Insider I like your approach. Gold we all agree seems like it can only go one way. Amazon and Alibaba are definitely eating up all commerce..... And Netflix seems unstoppable. Only major risks I see are Alibaba getting banned like WeChat etc... in the USA. Although that might not stop their meteoric worldwide growth. The other moderate growth option is just used as a "stabilizer"
  11. I figured I would be the one to start with my current pie:
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    After the next "crash" I will lower my % of gold / stocks.... so far the fed is pumping in money so it is hard to tell when this game will change. If you don't have an M1 Finance account you can use this link to get your first $10:
  12. As is discussed almost every year, September has historically been the most disappointing month for the US stock market. So far, it looks like this September could also disappoint. The previous 94 Septembers have lost 0.7% on average.
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    ? The first couple days aren't boding well for this
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    This comes a mere months after having done this for 1M Together with inflation this will create big issues and big reactions from companies. All this because the ECB wants to stimulate the economy with negative interest rates. Where there is nothing to stimulate as everybody is thightning...
  13. Fiat money is just taxation and theft as interest is taxation on the poor and inflation is theft of your hard work.
  14. The Founding of the Federal Reserve | Murray N. Rothbard A lecture presented by Murray N. Rothbard at the Ludwig von Mises Institute's 1984 "Seminar on Money and Government," held in Houston, Texas.

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