Eight Philosophical Reasons To Own Real Gold And Silver
Reason #1: Trust
Reason #2: Gold and silver are not investments
Reason #3: Real gold and silver have no risk
Reason #4: Affordability
Reason #5: Complexity vs. Simplicity
Reason #6: What is real money?
The following are the definitions of real money.
1.Medium of exchange – readily acceptable for financial transactions.
2.Unit of account – value is measurable
3.Store of value
Reason #7: Buying gold and silver coins is easier and less expensive than buying gold and silver mines.
Reason #8: Gold, the tears of God.
On August 15, 1971, President Richard Nixon did more than take the dollar off the gold standard. He made money invisible.
Ever since 1971, our education system has been a case of the blind leading the blind.
Today, people without real financial education are blind. They cannot see the cash heist, they cannot see how their labor and their lives are being stolen via the very money they work for.
The American education system –the most expensive educational system in the world is corrupt. Perhaps that is why even massive amounts of money spent cannot change the fact that the educational system produces the worst results in the Western World.
When the author was nine years old he asked his poor dad, the head of Education for the island of Hawaii, when he would learn about money. The Poor Dad's response:“We don’t teach about money in school.” That’s when the author went in search of a real teacher.
The main reason money is not taught in school is because teachers can only teach what the government allows us to teach.
Entrepreneurs do not have a job. An entrepreneur’s job is to create jobs.
Employees and entrepreneurs are very different people.
Our school system trains people to be employees. Employees do not need to know about money. That is why there is no financial education in our schools.
Entrepreneurs must know about money. If the entrepreneur does not know about money, employees lose their jobs and the entrepreneur is often out of business.
In 2018, the number one asset of the U.S. government was student loan debt, currently at over $1.5 trillion. This means that, for millions of young people, student loan debt is their biggest liability.
Income for the top 1 percent rose 31.4 percent from 2009 to 2012: but crept up a barely noticeable 0.4 percent for the bottom 99 percent.
In 2012, student loan debt surpassed the $1 trillion mark, as well as credit card debt. As of 2018, federal student loan debt is the number one asset of the U.S. government.
The United States went from subprime mortgages for poor people to subprime education for poor students. Subprime education loans are the worst-of-the-worst loans. At least a subprime mortgage can be forgiven via bankruptcy. Most subprime education loans can never be forgiven.
Without inflation, the banking system, Mandrake’s Magical money Show, and Grunch’s cash heist will not work.
A few reminders:
- Without inflation, Mandrake cannot pay back the money that was printed.
- When there is inflation, people spend faster, afraid prices will keep rising.
- If there is deflation, people stop spending, waiting for lower prices.
- The banking system must produce inflation, or the economy collapses.
- Inflation steals from the poor and middle class.
- The people who can least afford inflation pay the highest price: they pay with their lives.
- Why is America, the richest country in world history, so deeply in debt?
- Why is there no financial education in our schools?
- It is easier to give a man a fish…than to teach a man to fish.