October 19, 2009

• The Future of Money

  I'm posting this because I believe there may be people who read this who have wondered what is going to happen next with our financial situation, and are uncertain what to do. If you are honest enough to see the warning signs on the horizon, and do not believe everything you hear, then this is for you. Maybe these books will help you as they have helped me.

  One observation: your understanding (or lack of it) regarding how the dollar works is going to largely define your financial situation over the next ten to twenty years. Not your job, not your debt, not your savings, and not your investments. Your understanding. Because it is your understanding of how money works that defines what you do with it.

  For starters, you need to read "The Creature from Jekyll Island". This will give you an understanding of how the Federal Reserve came into being, how much power it has, and what exactly it can do with that power. The book is a bit long-winded, so if you get bored, read at least about the first half. You'll get the drift.

  Next, read "I Want the Earth, Plus 5 Percent". This is a short story that will help give you an understanding of the machinations of interest. Its a fun read, and will start opening your eyes to how a fiat currency works.

  Then read "The Guide to Investing in Gold and Silver" by Mike Maloney. The first half of the book covers how "money" works, and how it has been abused by EVERY government that implemented a fiat currency. It also clearly shows the outcome of that policy.

  Finally, read "Conspiracy of the Rich: The Eight New Rules of Money" by Robert Kiyosaki. I started reading a loaner copy last week (had to give it back), and mine is on the way, so I'm not done yet.

  This should get you started in the right direction. You can buy these books for a total of about fifty bucks. It will be the best investment you've made in your financial future. If you don't have the money, check your local library.

  Understanding our financial system is the key to making it work for you. If you do not understand it, you will be constantly working for those who do. Which side of that fence would you like to be on?

  I do not profess to understand the subject completely, but reading these books, and observing what has been going on in our world has been very instructive to me over the last three years. I hope they help you as much as they helped me.

  If you have read these books, and know of something else I should be reading, please let me know!

  • 8:02 pm
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