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Showing posts with label Ponzi. Show all posts
Showing posts with label Ponzi. Show all posts

Tuesday, March 29, 2011

US Dollars = Paper Trash. Silver = Real Money!

Silver vs. US Dollar Index over 2 years.
The blue line is Silver prices. The red line is the US Dollar Index.















Saturday, March 26, 2011

London is pissed!

The people of London are pissed and they aren't going to take it anymore.  That's what happens when you have inflation at 20 year highs and $126 Billion of public spending cuts coming.

In this ponzi economy the banks get bailed out, but the average joes pays the bill... So keep working at your jobs to pay for mr.banker's gambling addiction. I hear QE3's not coming, so they are going to need cash soon.

Student Protests:
http://thelede.blogs.nytimes.com/2010/11/10/video-of-students-protests-in-london/

Sunday, March 20, 2011

Going to college is Gambling.

   Face it, going to college is one giant bet on the future job market.

  








  When the economy is good, the unemployment rate is low and there are plenty of jobs waiting to be filled. As a college grad you will probably get many job offers.  

  In a bad economy, the unemployment rate soars and jobs diminish. Even as a college grad, you'll find it difficult getting a single interview to the hoards of jobs you've sent applications to.

   When going to college, you've been told endlessly that college is the right thing to do and the "safest" path to future success. Students take out thousands of dollars in debt firmly BELIEVING that once they graduate they'll get tons of job offers thrown at them.

   In REALITY, in a tough economy jobs disappear and it doesn't matter if you graduated cum laude, companies are not in any situation to hire you. In fact, companies would be more focused on firing people to cut cost.

   Compare this to the stock market. When the economy is good, the markets go up. If you invest money in a good economy, you'll make a lot of money. When the economy is bad, the markets go down.  Invest in a bad economy and you'll lose. People who don't understand economic cycles say putting money in the stock market is "Gambling".  Now ask any college student or grad if they can predict economic cycles and most of them would say "I didn't take economics class." or "I hate economics, don't talk to me." If college students don't understand the job market, then THEY ARE GAMBLING.

   NO one would ever advise taking out $100,000 in debt to invest in the stock market. BUT for some students taking out over $100,000 in student debt for their degree is considered SAFE. The casino colleges are actually tricking students asking them "Will you be the next LUCKY student to get a job??" That doesn't sound safe to me.

   If people REALIZE that going to college is just a gamble, maybe they will think twice before borrowing thousands of dollars to bet on the future job market.

Friday, March 18, 2011

The Perpetual Ponzi Life

Most of us grow up being told to go to college, get a good job, buy a home, save for retirement, and live happily ever after.

What a HUGE SCAM!

First of all if you are poor, you will most likely remain poor if you follow this advice. You will just be another hamster running in the giant Ponzi wheel.

Here is an example of plain Jane getting royally screwed:

18 yrs old - 1st yr of college. average academic student. middle class parents. no money to pay for tuition. But the government will be extremely happy to lend you money throughout your college years for you to pursue your degree. Bye bye $$ to tuition fees.

22 yrs old - after 4 yrs of college, you end up with over $30,000 in student loan debt. Time to pay it off, and the gov't starts to charge you interest. You find any job that hires you so you can start paying off your debt & your starting salary is $40k. The gov't starts taking income taxes. Bye bye 30%. Anytime you buy anything, Bye bye $$ to sales tax.

Buy a car to drive to a job you don't even like. Bye bye $$ to car payments & interest & 1hr everyday for depressing commute.

Start saving for retirement, Bye bye $$ to financial adviser for 40 years.

Buy a home you can not afford, the bank will gladly give you a 30 year mortgage. Bye Bye $$ to mortgage payments & interest.

You start to wonder when will you start to KEEP some of your money. Well good luck with that because the only advice you get is to start a budget and stop buying lattes. WTF, saving $5 here and there isn't going to pay for your THOUSANDS of DOLLARS of DEBT & INTEREST!

My goal is to try to give you REAL Financial advice so you can buy thousands of lattes or whatever you want.

Welcome to the world of Ponzi

Ponzi Scheme: an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors.

Ponzied: to be screwed by a Ponzi scheme.







If do any of the following then you have been Ponzied:

1. You go to college to find a good job.

2. You got a job and work for money.

3. You buy a house to live in and call it an investment.

4. You save for retirement.

All those sound like common advice to be successful citizens of society. Well, sorry to burst your bubble but You’ve been PONZIED.

Learn not to be scammed & join the big fun Ponzi scheme called the world of Finance.