Curried Wealth Building
Finding an Edge

If you want help with your finances, give me a call at 703-791-3243.

 

September 1, 2008
First Blog

My first blog entry. I'm not really sure how this is going to go. I've been planning this web site for about 3 months and it is finally up and running. (although not complete) I am planning on updating the site at least once or twice a week. I am also planning on eventually adding video updates which I believe will make it easier for me.

As far as a first entry I am going to take this time to give you the basic gist of my viewpoint. In a nutshell, the U.S. is in serious trouble. It gives me no great pleasure to say that as I believe the forming of this country to be one of the single greatest achievements in the history of mankind. What the founders did to construct this country is so far out of the realm of possibility with today's general society, as to be laughable.

Our country is soft, pampered and spoiled. We long ago lost the strength and fortitude of the founders and today we stand at a precipice. Built on an edifice of debt, our lifestyles, unless proper and prudent action is taken, will take a dramatic step for the worse. We have a national savings rate that regularly falls below zero (in other words, spending every dime we make and then some) and no safety net.

From pay day loans to option payment mortgages, Americans are making decisions that can only lead to disaster. With the comptroller of the United States quitting due to lack of action in regards to his dire warnings, the U.S. is for all intents and purposes bankrupt. This isn't doomsday talk, this is the real deal. If the United States raised the income tax rate to 100% there still would not be enough to dig out of the hole we are in.

That's right, sending Uncle Sam every single dime you make, would not make us solvent. This current situation calls for fairly drastic action on an individual level, and I am going to detail what needs to be done in my first few posts.

As a bit of background, it is necessary to understand that the Founders of this country KNEW that fiat money, otherwise known as paper money, was essentially worthless. This is why they dictated, in no uncertain terms, that gold and silver are the only acceptable forms of money.

Why then do we sit today with ONLY fiat money? Simple, that was the plan.

Wouldn't you like to have a printing press in your basement capable of spitting out shiny $10 bills? I sure would. Technology exists today to make reasonable copies but the Treasury Department frowns on this activity. After all, they don't want any competition. The reason the printing press is even in existence, remember the Constitution dictates only gold and silver money, is the formation of the Federal Reserve Bank.

The Federal Reserve Bank is neither Federal or a reserve for the United States. In fact it is a PRIVATE bank owned and operated by the super rich for the benefit of, you guessed it, the super rich. We are talking old money here, Rockefellers and JP Morgan. These gentlemen knew that controlling money supply was essentially having the keys to the car and went about through incredible means to achieve the desired ends. The fascinating story is told in this book.

After the passage of the Federal Reserve Act, the next step would be to get off the gold standard. Did you know that the paper money in your purse or wallet is backed by nothing? Paper money used to be exchangeable for actual gold or silver and was so marked. This meant that paper money was valuable. In 1933, FDR ordered that all privately owned gold be turned in. Of course he would make the gold owner whole by giving him a nice stack of paper notes. (seeing a trend)

At the time gold was selling at a fixed rate of $35 an ounce. Several years after the confiscation it was revalued to $42 an ounce, giving the government a nice tidy profit. You don't think that the elite who ordered this action kept their gold do you? Nah.

Anyway, fast forwarding to the 1970's, even though the citizens of the United States couldn't get gold for their fiat dollars, foreign countries could, and were, to a startling degree. This led President Nixon to do the unthinkable, closing the gold window for good. This essentially took the regulator completely off the money supply and it was free to soar. And soar it did, as evidenced by the gold price, long known to be a good gauge of inflation, peaking out at $850 per ounce. Interest rates peaked in the 20% range and general havoc was done to the economy.

Today we stand at the beginning of a new era. An era of old fashioned lending values (no more loans just because you can fog a mirror) and frugality will ensue. This will lead to a change in how we live. In the days to come I will detail just what I see coming.

Over the last several years I have read over 1,000,000 pages on money and finance which have given me a broad background into the overall workings of the financial world. My sources ranged from the mundane and normal (CNBC and the Wall Street Journal) to the wild and edgy (end of the worlders). This has led me to a good solid viewpoint from which to advise.

I am willing to talk to anyone about their finances as long as they are willing to put in the effort to study and educate themselves. I will help you come up with a plan of action that suits your situation. How much am I charging? Nothing, just your effort and willingness to learn and apply.


Why no charge? Well, they say you get what you pay for and I have found that to be far from the truth in the world of finance. In fact, hedge funds, those exotic funds of the rich, charge as much as 20% of profits EVERY year, and often underperform a regular index fund. I want to share the knowledge I have gained just to help anyone I can, avert disaster. Don't wait. Start learning today. Look at my recommended sites and books. Education is the all powerful tool you need to get through the coming calamity.

As a starting point for EVERYONE, I would get out of credit card debt and then get some physical gold and silver. Sites I know to be reputable are Tulving and Apmex. If you feel uncomfortable doing this, give me a call and I will ease your fears.

Until the next time, here's hoping you find your edge.

Bill