Archive for October 12th, 2008
No, I don’t mean Ales…
“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups”
That is the art of economics in a nutshell. However, if you would like to learn how this is actually applied, you can read the full facts on their extremely educational web page.
But much more interesting; the Congressman, Dr Ron Paul, who has been explaining to Congress for years that our present problems are inevitable, has prepared a page of documents, video and mp3 voice files which will help you understand the crises that we are facing. For Americans, there are pages of information on the following subjects: Economics, Sound Money, Foreign Policy, Constitution and Civil Liberties. My English readers and other non-American readers need only look at the first two highlighted subjects; Economics and Sound Money. There is a contents page with the sub-headings available.
As we are both fully aware, you and I, there is nothing that can make you learn more about the calamities that face us. But, apart from the economic and monetary principles our respective governments are jointly undertaking, you may learn that they are not addressing the underlying problem. You may also learn that if they are not addressing the underlying problem, our troubles will re-occur time and time again. Learning about our problems may help you take better care of your money for the future.
And forget all my advice on buying gold. The price is now going through the roof. Do you remember me mentioning that Krugerrands were a good bet as, although the coin weighs a little over an ounce because of the alloy, the gold content was exactly an ounce? And that, as it was legal tender in South Africa, it escaped Capital Gains Tax when resold? I have wondered why you can’t buy these one ounce coins for love or money. I now have the answer. A man in Switzerland bought the entire South African mint’s supply (5,000) two months ago – before these troubles – and already has made an average of 5% per month profit on his purchase. That equates to 60% per annum. He was one smart cookie. I wonder how he knew?
Look, read, listen and learn.