Tao Economics

You got to love all the talk about the facebook IPO. It gets everyone's attention. It comes up at least once a day in the office that I work. Of all the people that plan on trying their luck with the IPO, how many know the future projected growth of Facebook? How many know how much the company has earned over the last year? What's their ROI, or their Price to Book?

Capital account has a great interview with Jim Rickards author of "Currency Wars". Jim thinks that the FED will have to keep rates at 0% for as long as they can, and we may never see them raise rates in our lifetime (the bond market might not cooperate). He concluded that the best case scenario for the U.S. is that we turn out like Japan (no growth for 20+ years), worst case is that it all falls apart.

Back in 2003 and 2004 I got into the Liberty Dollar, for those that don't know the liberty dollar made silver rounds for people to barter with. I loved the idea to have currency competition in the United States. We believe that we are in a free market but we are only allowed to use one type of currency? Hah! Free market indeed. Protecting your purchasing power with hard money made a lot sense to me at the time.

Retail therapy, Woman AND Men both have the problem even though they may purchase different things. I'd argue the most important part of this video is to understand WHY you buy everything you do. Before you buy something ask will it make you happy? I mean REALLY happy in the long term, not the short term pleasure. If life is the pursuit of happiness why do we choose things that ultimately make us unhappy? You will never be financially free, and be able to do what your are meant to do with out this key knowledge.

This is the end all be all guide to saving money on razor blades, getting them for free, making them last for ever, and getting paid. Yes. I said getting paid.

This is a great read. There are many who still think Obama is different and offers a better world. In reality he has carried the torch of Bush. This is a great review on how markets SHOULD work and how we continue to do everything wrong. Please WATCH!