The 2013 scorecard from assetsandopportunity.org is, unfortunately, quite scary. What is striking to me is that net worth is still on the decline. In 2006 we hit our peak, 96,000 dollars was the median net worth. Now, that number has declined to 70,000 dollars in 2010. The most striking problem that I saw was the liquid…
The Mises Institute is one of the finest institutions for those interested in economics, and primarily Austrian economics. We interviewed Mark Thornton, who has been with Mises for over 30 years, on how banks work, and how government regulations are affecting the average American. I really wanted to dig a little deeper into our current…
Control. It’s what puts the millions of dollars every year into the pockets of the big wigs, and even the small wigs, in the Wall Street arena. However, who really stimulates the consistent persistence of this Wall Street mentality? Is it us or them? We live in a culture of I want it now, credit…
You may not think comparing gold to internet stocks makes much sense, but the trends may be more closely connected than you think. In this podcast we look back at the historical price of gold and analyze what causes the fluctuation. If you think gold is he only safe place to have money right now you need to tune into this episode.
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The 2000’s taught us a lot about Wall Street greed and what happens when traders and banks gamble with the average consumers’ money. After watching this short documentary ask yourself the question: Are you shouldering the risk while someone else gambles with your money in hopes of dreams that are too good to be true?
Barry Dyke has spent close to 15 years researching the corruption and greed that is currently happening behind closed doors. His most recent book, The Pirates of Manhattan II: Highway To Serfdom, outlines many aspects of our financial industry, and how we are being robbed in broad daylight. Listen in as we discuss with Barry some of the topics of his new book, and what we, the average American, may be missing.
This is a great video by Robert Kiyosaki and the Rich Dad Team about mutual funds. They make some great points as to why mutual funds are one of the poorest places to have money. There is no control, there is no safety, and there is “no insurance.”
This is another example of successful and wealthy individuals who understands the myth of mutual funds.
Best line in the video: “Mutual funds are a great way to make money—if you sell them to others.”
This is a great video on the power of the free market. So the question arises, what then happens economically if the pencil becomes obsolete? Should the government be responsible for making sure that it doesn’t in order to save jobs?
Dr. Jeffrey Miron, Director of Undergraduate Studies in the Department of Economics at Harvard University, discusses 3 common myths about capitalism.
Milton Friedman explains redistribution of wealth and why it negatively impacts the incentive to work towards wealth in the American economy.
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