Where Does the Money Go? - Moyers Interview with Bittle & Johnson
Where Does the Money Go? - In their book Where Does the Money Go - Your Guided Tour to the Federal Budget Crisis, Scott Bittle & Jean Johnson explain in understandable terms where the U.S. government spends YOUR tax dollars.
In an interview with Bill Moyers, Bittle and Jean reveal that the U.S. Government has spent more money than it received in taxes for 31 of the last 35 years. Meaning, that in good times and bad, the U.S. Government is spending more than it brings in. No company, no household, no government can spend more than it receives without consequences. Companies and households go bankrupt (or get a government bail out). The government simply borrows and prints more money, which eventually leads to a financial crisis (inflation, currency collapse, etc.)
Some think the spending problem would be solved if we left IRAQ. Not so....
Where Does Money Come From?
Permit me to issue and control the money of the nation, and I care not who makes the laws.
~ Mayer Anselm Rothschild, Banker
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
~ Thomas Jefferson
Where does money come from? - As best I can tell, money is literally created from debt. So when a bank is established, it makes a deposit into a Federal reserve bank. The amount they deposit determines how much money the bank can (initially) loan. So if a bank puts $10,000 into the Federal reserve, they can loan something like 10 times that, or $100,000. In other words, the act of depositing into Federal reserve gives them the right to loan $100,000. Where does the extra $90,000 come from?
That's the sleight of hand that no one talks about.
Burglar's Advice - Best Place to Hide Money
Found this burglar's advice on a link that has since died. Most of the advice seems to serve the burglar more than the potential victim, so consider the source.
Best Place to Hide Money - Short answer: The bank. Aside from that, here is a burglar's best advice:
Understand a burglar's motivations:
- To steal your money and valuables
- To get out of the house quickly with these goods
So, don’t hide all your money and valuables too well. To quote the burglar...
Jim Cramer's Mad Money - Stock Worksheet
Jim Cramer's Mad Money
Watch TV, Get Rich
Jim Cramer Mad Money Stock Worksheet - It's embarrassing to admit, but I really get a kick out of Jim Cramer. While he's totally nuts on his CNBC TV show, Mad Money, he was much saner on his Real Money radio program. Unfortunately, the radio program is no longer on the air, though archives exist. In its place is a very good video on demand program where Cramer is interviewed by a columnist from his own TheStreet.com. Very insightful stuff with a reasonable delivery.
But about Cramer's Stock Worksheet in Jim Cramer's Mad Money: Watch TV, Get Rich. The book is short (less than 230 pages) and perhaps the best part is the Stock Worksheet, which outlines his approach to researching stocks -- or as he likes to refer to it, The Homework.