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Money Talks

When you steal or lose someone's money, you take a part of their life. ~Rich Dad Today, there are millions of financial planners and other so-called financial experts who truly believe they're doing the right thing when they recommend the investments they sell. Most financial experts aren't rich people but merely sales people. They have no financial education - only sales training. They sell what they're told to sell. Just ask anyone who has worked for one of these financial sweat shops. One of the biggest rip offs is the 401(k), a government endorsed Ponzi scheme designed to make mutual fund companies rich. A major problem arises when more people want their money back than there are people willing to put money in. This is why the 401(k) has such severe penalties for early withdrawal. The Conspiracy roars on. Those that caused and profited from the financial crisis remain in control. Agents of the Conspiracy, the hundreds of thousands of financial sales people masquerad...

Dogs Dog Breeds (21-30)

30. Australian Shepherd dogs 29. Miniature Beagle puppies and dogs 28. Beagle dogs 27. American Water Spaniel dogs 26. American Foxhound dogs 25. Basset Hound dogs 24. Basenji dogs 23. Australian Terrier dogs 22. Australian Shepherd puppies and dogs 21. Miniature American Eskimo Dogs

All that glitters isn't gold, some of it is wine

(Reuters) - Like gold, top wines are highly prized, represent wealth and are selling near their historical highs. Prices of the five premier cru Bordeaux -- Chateaux Lafite Rothschild, Haut-Brion, Margaux, Latour and Mouton-Rothschild, and the grand crus of Burgundy, particularly Romanee-Conti, are at or above 2007 levels. During times of economic stress and worry, buyers look to safe investments and gold is seen as a defensive strategy. It's tangible, has intrinsic value and is a good diversifier ... The same can be said for the top growth Bordeaux and for the same reasons. http://www.reuters.com/article/idUSTRE67G2PI20100817

China starts trading yuan against Malaysian ringgit

China starts trading yuan against Malaysian ringgit August 20, 2010 12:14 am TWN, AFP SHANGHAI -- China began trading the Malaysian ringgit against the Chinese yuan on the domestic foreign exchange market Thursday in the latest step toward making the yuan an international currency. Beijing has been taking steps including promoting the use of the yuan to settle international trade and forging currency swap agreements in a bid to make the yuan a major global currency. The central bank said earlier this week it would allow foreign financial institutions that participate in the yuan settlement program to invest their yuan proceeds in China's interbank bond market, giving those receiving yuan as payments an investment channel. http://www.chinapost.com.tw/china/china-business/2010/08/20/269433/China-starts.htm

Why are retirees running out of money?

Why are retirees running out of money? Simple. Banks are paying next to zero for their savings. To make matters worse, since the interest payments on savings are so small, retirees are eating into their principle - money they spent their whole life saving - just to make ends meet. This is one more example of the rich ripping off the poor, in this case the elderly poor. As inflation rises, their savings purchase less and less. After 1971, the Federal Reserve Bank was allowed to print money. Printing money is the same as ripping off savers because each dollar printed devalues every other dollar in circulation - including your savings. Every dollar printed not only rips off savers but also rips off taxpayers because the interest on every dollar printed is paid for through taxes. "Deflation is always reversible under a fiat money system." ~comments from Fed Chairman Bernanke on printing dollars. In other words, deflation is far more frightening than inflation. Today, the economy ...

Dogs Dog Breeds (11-20)

20. American Eskimo Dogs 19. Japanese Akita dogs 18. Anatolian Shepherd dogs 17. Alaskan Malamute puppies and dogs 16. Alaskan Malamute dogs 15. Airedale Terrier dogs 14. Afghan Hound dogs 13. Affenpinscher dogs 12. Tibetan Mastiff 11. English Mastiff

The Budget

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You may walk away happy with a small income tax cut, or the fact that cigarette and beer taxes have not gone up. But there is much more to the Budget than just those few ringgit you saved... * Whatever "goodies" we get, we pay it for in other ways. Those "goodies" are not free money handed out by the government. Those "goodies" are paid for with our tax money! Every Ringgit of "goodies" that we "get" is a Ringgit less for other important things, like healthcare or education, for example. * Economist, financial analysts, the mass media and the ordinary public have been fixated on the annual Budget deficit staying withing 3-5% of gross domestic product (GDP). Public discussion has focused on the Budget deficit being "manageable" or "prudent" at that level. We ignored two things. Firstly, while the deficit was steady at 3-5% of GDP, the actual level of government spending was soaring. Secondly, as total government spend...