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A surprising benefit to owning gold– especially now

By the year 41 BC, just a few years after the assassination of Julius Caesar, Rome was under the strict rule of a three-person dictatorship known as the Tresviri rei publicae constituendae.

Historians today refer to this committee as the Triumvirate, and it included a general named Aemilius Lepidus, as well as Gaius Octavius– who would eventually become Emperor Augustus.

But the leader of the group, at least at first, was Marcus Antonius, also known as Mark Antony.

Mark Antony was not especially popular. Many Romans rightfully suspected that Mark Antony had been involved in Caesar’s assassination. Plus he was sleeping with Caesar’s widow, Cleopatra.

But Antony’s power through the Triumvirate’s was absolute. He could raise taxes, establish new social and religious traditions, regulate daily life, seize private property, and even condemn people to death… all without any oversight or due process.

And he wasn’t shy about using this power to squash his opposition.

Antony put several of his political enemies to death– including the much beloved Cicero, who was trying to escape Rome when Antony’s goons killed him.

Antony also threatened to kill another Senator named Nonius. But unlike Cicero, Nonius managed to escape Rome… bring with him about $1.5 million worth of gold and jewels.

People in the ancient world knew that precious metals (and precious stones) were pretty much the only portable forms of wealth.

Human civilization at the time was completely agrarian, so most productive assets like land and crops were impossible to move. Gold was almost the singular option to move large sums of wealth, and it remained this way for centuries.

These days there are much better options. Many forms of wealth– financial securities, intellectual property, bank deposits, and cryptocurrency– are completely portable. So gold is no longer necessary as a way to move money abroad.

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Turning The Wealth Pyramid Upside Down

Turning The Wealth Pyramid Upside Down

When we look at upside down wealth pyramid at the left, I have a big problem with the picture it promotes. It is clearly based on someone’s opinion of what investments are safe. The one thing it does well is to scream that some investments have a high degree of risk and it is best not to put all our eggs in the same basket.

Another issue is how a 401 or pension will fare during hard times or if we do see a huge number of defaults. Consider this an indication that placing your wealth into paper promises means it has the potential to vanish or be converted into something to would never agree to. Again, the devil is in the small print or the fact “they” can change the rules at any time.

While a great deal of speculation has been showered upon us concerning inflation turning to deflation, we will not know the true direction of things until they occur. One thing to keep in mind is that government employs a tremendous number of people that will never accept a cut in pay. This will put a solid net under falling prices. Combined with the refusal of many workers to consider working for anything near minimum wage helps push away the notion of deflation. In fact today, my local paper announced the City Council in Fort Wayne, Indiana just approved retroactive COVID-19 hazard bonuses for all city workers.

It is important to move towards forecasting based on probability rather than predictions. Keep in mind a great deal of how we deal with the options before us is centered on how we position ourselves…

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New report outlines how Canada’s top CEOs raked in “boundless bonuses” in 2020

New report outlines how Canada’s top CEOs raked in “boundless bonuses” in 2020

The report recommends five policy solutions to tackle extreme wealth inequality. —

No 2810 by fw, January 10, 2021 —

“Every year we [Canadian Centre for Policy Alternatives] examine trends in CEO compensation in Canada. General trends show that compensation for the highest-paid CEOs in Canada is impervious to external shocks, such as the 2020 COVID-19 pandemic. In fact, the highest-paid 100 CEOs in Canada had the second-highest average compensation levels in this country’s history during the pandemic. Canada’s 100 highest-paid CEOs got paid an average of $10.9 million in 2020, which is higher than their pay in 2019. As a result, those 100 CEOs now make, on average, 191 times more than the average worker wage in Canada. Before lunch hour on the first working day of 2022, January 4, Canada’s highest-paid CEOs will have already racked up the same amount of pay that will take the average worker the entire year to accrue.” —David Macdonald

David Macdonald is a senior economist with Canadian Centre for Policy Alternatives’ National Office, and the author of CCPA’s new report titled: Another year in paradise: CEO pay in 2020.

Hands up those who believe that Trudeau’s neoliberal Liberals, friends of Big Business and The Ruling Class, will, without delay, propose policy actions to tackle extreme wealth inequality in Canada.  

Here is the Table of Contents of the 25-page report.

Page    Topic

4          Executive summary
6          Introduction
9          A third of CEO millionaires benefited from public subsidies
11        Boosting bonuses through formula changes
13        Top CEO pay
15        CEOs and the glass ceiling
16        Recommendations
18        Methodology

23        Notes

My repost, presented below in two short pieces, begins with a copy of a brief January 4, 2022 news release titled: Canadian CEO pay hits second-highest level in history: report, followed by a two-page Executive Summary, excerpted from the full 25-page report.

To read the complete, original versions of both documents, just lick on their linked titles below.

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We’re Starting to Feel Like There’s Nothing Left to Lose

Everyone’s had enough.

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It Takes A Lot Of Education To Keep Us This Stupid

It Takes A Lot Of Education To Keep Us This Stupid

Listen to a reading of this article:

The oligarchic empire is working harder and harder to bolt down our minds in service of its agendas.

Silicon Valley is working more and more openly in conjunction with the US government, and its algorithms elevate empire-authorized narratives while hiding unapproved ones with increasing brazenness.

The mass media have become so blatantly propagandistic that US intelligence operatives are now openly employed by news outlets they used to have to infiltrate covertly.

NATO and military institutions are studying and testing new forms of mass-scale psychological manipulation to advance the still developing science of propaganda.

transparently fake “whistleblower” is being promoted by the US political/media class to manufacture support for more internet censorship and shore up monopolistic control for institutions like Facebook who are willing to enforce it.

Wikipedia is an imperial narrative control operation.

They’ve imprisoned a journalist for exposing US war crimes after the CIA plotted to kidnap and assassinate him.

 

The powerful work so hard at such endeavors because they understand something that most ordinary people do not: whoever controls the dominant narratives about the world controls the world itself.

Power is controlling what happens; absolute power is controlling what people think about what happens.

If you can control how people think about what’s going on in their world, if you can control their shared how-it-is stories about what’s happening and what’s true, then you can advance any agenda you want to. You’ll be able to prevent them from rising up against you as you steal their wealth, exploit their labor, destroy their ecosystem and send their children off to war. You can keep them voting for political institutions you own and control. You can keep them from interfering in your ability to wage wars around the world and sanction entire populations into starvation to advance your geostrategic goals.

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The Age of Exterminations (IV). How to Kill the Rich

The Age of Exterminations (IV). How to Kill the Rich

In our times, the Knight Templars have gained the fame of exceptionally good warriors. That may be more than a little exaggerated because when the time came to defend their leaders, arrested by the King of France, they vanished into thin air. Yet, the history of the Templars is interesting as a case of the periodic exterminations of the financial class in history. Could something similar happen to our modern financial tycoons, the Internet barons, Gates, Bezos, Zuckerberg, etc.? We cannot say for sure, but we cannot exclude that, either. The recent “incident” that shut down Facebook for a while may well be the harbinger of a reckoning to come.

“A house filled with gold cannot be defended.” Lao Tsu, the Tao Te Ching

“All political power comes from the barrel of a gun.” Mao Zedong

The Monastic order of the Templars (Pauperes commilitones Christi Templique Salomonici), was founded in 1119 as a military force to defend the Christian holdings in the Holy Land. In time, the order evolved into a financial structure: the Templars became bankers and they developed a sophisticated money transfer system that helped pilgrims and warriors to move to and from the Holy Land and to transfer money from Europe to Palestine and back. They have been termed “the first multinational corporation” in history.
As you may imagine, the Templars were rich, despite the term “pauperes” (poor fellows) in their name. They had land, castles, palaces, and, of course, plenty of gold and silver. The problem was that, with the loss of the last lands controlled by the Christian crusaders in the Holy Land, at the end of the 13th century, they had become useless: no more crusades, no need of a banking system to finance them.
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Wrong for a different reason

Wrong for a different reason

Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala.  Since the slogan was clearly political, it wasn’t long before the various political tribes took to social media to pass judgement.

“Hypocrisy!” was the charge made by the libertarian right.  As Amanda L Gordon at Bloomberg explains:

“The message itself wasn’t surprising — Ocasio-Cortez has been one of the biggest supporters of raising taxes on the rich to help pay for more social services and narrowing the massive wealth gap between America’s rich and poor. But the latest setting in which AOC — as she is known — chose to express it drew attention.

“The annual event at New York’s Metropolitan Museum of Art is the haunt of celebrities, designers, billionaires and various other members of the jet set that are willing to pay $35,000 a pop for the privilege to attend.”

But, the left ask, “where better to demand that the rich pay their fair share of taxes than in a gathering of the rich themselves?”  According to Hannah Selinger at the Independent, for example:

“The truth is, women have always used clothing — the most accessible medium — to express their politics. One might say that such choices in the everyday sphere have been more subtle. Ocasio-Cortez’s dress, of course, was anything but. And that was entirely appropriate for the space in which the statement was made.”

Ocasio-Cortez has also clarified that she did not pay $35,000 to attend and that the dress was borrowed for the evening:

“The time is now for childcare, healthcare, and climate action for all. Tax the Rich.

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The Negative-Sum Economy

The Negative-Sum Economy

There are tides and seasons in the comments I field for posts here on my blog, certain questions that get asked at regular intervals, certain saliva-flecked tirades I can count on getting whenever  certain things appear in my writings or happen in the world.  One of the more frequent of the questions is how to preserve wealth in the face of a difficult future.  This question pops up reliably when an economic crisis is on its way, as it happens, and I’ve started fielding it again in recent weeks; my readers may want to brace themselves.

Like so many of the common questions here, it’s an important question, and it has no simple answer. The combination of those features isn’t accidental. It’s an important question because it can’t be answered in any meaningful way without grappling with what wealth actually is, and it’s because wealth is not what most people think it is that the question has no simple answer.

We can start our exploration  with a lump of stone and metal  whizzing through the lethal radiation-soaked vacuum of interplanetary space between the orbits of Mars and Jupiter.  Its name is Psyche, and it’s about the size of Greece.  It’s been splashed over the news in recent years because it’s got more metal in it than most other asteroids, and scientists have speculated that the metallic portions of Psyche might include a great deal of gold. Of course the mass media jumped on that instantly and started insisting that if only it could be dragged into our part of the solar system it would make everyone on Earth a billionaire.

 

 

 

 

 

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CON26


Up Stories Evia 2021
The IPCC came out with another report today, which is a lead-in to another climate conference, this time in Glasgow in Oct-Nov 2021. All the headlines and reactions are exactly the same as they always are: There is no time to lose!, We have to act now!, but also: There is still hope! Since it’s all the same, I thought I’d repost an article from December 2015, ahead of the Paris conference named COP21. All I had to do was change the number and call this one not CON21 but CON26.

No, we’re not going to act in time, and no, there is no hope to halt the degradation of our planet. It’s all long baked into the cake, and if it wasn’t we’d still not stop it. We can do things as individuals but not as a group, let alone as a species. We cannot change our approach to the problems because we cannot change who we are.

I don’t know what makes me lose faith in mankind faster, the way we destroy our habitat through wanton random killing of everything alive, plants, animals and people, through pollution and climate change and blood-thirsty sheer stupidity, or if it is the way these things are being ‘protested’.

I’m certainly not a climate denier or anything like that, though I do think there are questions people gloss over very easily. And one of those questions has to be that of priorities. Is there anyone who has thought over whether the COP21 stage in Paris is the right one to target in protest, whatever shape it takes? Is there anyone who doesn’t think the ‘leaders’ are laughing out loud in -plush, fine wine and gourmet filled- private about the protests?

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Monetary Pumping and Resources

As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are of the view that the risk of a deepening slump in the US economy on account of the COVID-19 pandemic has now receded.

Some other commentators are not so certain that the risk has declined, arguing that the economy is still heading towards difficult times ahead. These commentators are of the view that to prevent the possible economic difficulties ahead authorities should continue with easy fiscal and monetary policies until the economy safely placed on the trajectory of stable economic growth.

Most commentators are of the view that by failing to act swiftly authorities are running the risk of raising the cost of an economic slump in terms of idle or unutilized resources such as labor and capital.

This way of thinking is succinctly summarized by Ludwig von Mises,

Here, they say, are plants and farms whose capacity to produce is either not used at all or not to its full extent. Here are piles of unsalable commodities and hosts of unemployed workers. But here are also masses of people who would be lucky if they only could satisfy their wants more amply. All that is lacking is credit. Additional credit would enable the entrepreneurs to resume or to expand production. The unemployed would find jobs again and could buy the products. This reasoning seems plausible. Nonetheless it is utterly wrong.

Conventional thinking argues that boosting the overall demand for goods and services is going to strengthen the supply of these goods and services – demand creates supply.

However, why should an increase in the overall demand be followed by the increase in the production of goods and services? This requires a suitable production structure that is going to permit the increase in the production.

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The Next Economic Crisis – Will Your Wealth Survive?

The Next Economic Crisis – Will Your Wealth Survive?

The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. As the printing presses continue cranking out more and more money, looking forward to a time when the markets pause or another economic crisis consumes the world is an issue we all should think about. How much wealth will escape the next large financial reset is very important because it will set the bar that determines the rate of inflation or deflation in coming years. If you believe we did not solve many of our financial problems after 2008 but merely masked them with a huge amount of newly printed money you are likely to embrace this concept.

The Shell Game Of Wealth Transfer

Much like a shell game where wealth is transferred about, in our modern society wealth is always on the move. Wealth and how things are valued is far from constant, it is fungible and constantly changing. While we may try to deny it, wealth is in a constant state of flux and constantly moving. Wealth comes in many forms, it can be held in the form of paper, promises, or as something more tangible and real such as property or goods.

Some items such as a tool hold “utility value” and its value may be based on how much work it can perform or the revenue it can produce. Replacement cost, supply and demand, and factors such as whether something can spoil or might grow obsolete over time also help determine its value as a place wealth can be safely stored. The term, safely stored in this case also includes placing it out of the reach of governments’ ability to tax it or make it illegal to own.
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Disoreder Will Come–As Confucious Warned

DISORDER WILL COME – AS CONFUCIUS WARNED

 

When bubbles burst, we will discover how very few superior men there actually are – as defined by Confucius:

“The superior man, when resting in safety, does not forget that danger may come. When in a state of security he does not forget the possibility of ruin. When all is orderly, he does not forget that disorder may come. Thus his person is not endangered, and his States and all their clans are preserved.” – Confucius

Superior man can exist at many different levels in society, not necessarily linked to money or investments. There will be many people without money who are prepared at an intellectual or psychological level. These people are probably the happiest since sadly many wealthy people worry about their money all the time rather than enjoy it.

In this piece I am talking primarily about preparedness in relation to one’s wealth.

PS Important Postscript at the end of the article.

FOCUS ON WEALTH PRESERVATION

The investors we meet in our business are people who are risk averse and therefore very much focus on wealth preservation. These investors buy physical gold because they are concerned about the excessive risks in markets. They want to protect and insure their wealth against unprecedented financial and currency risk. Like ourselves, these investors consider physical precious metals, stored outside a fragile banking system, as the ultimate form of wealth preservation.

But investment gold represents less than 0.5% of world financial assets. This means that a minuscule percentage of investors insure their wealth in gold. This is clearly surprising bearing in mind that over 5,000 years gold is the only money that has survived.

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Egon von Greyerz, gold switzerland, inflation, risk, gold, precious metals, wealth, financial bubble, bubble, currency, banking system

Gold Will Emerge Stronger Than Ever From the Post-Pandemic Environment: CPM Group

We’ve often heard that gold is a primary beneficiary of crises unlike any other, when investors and the average person alike wondered what would happen tomorrow. Now, when at least some of the fear has diminished, CPM Group took a look at how the crisis aggravated existing problems that have been turning people to gold for decades.

In their Gold Yearbook, CPM highlighted sovereign and private debt, government deficits and loose monetary policies as the drivers that will position gold exceptionally well over the medium and long-term. The scramble for money to keep their economies afloat by both the U.S. and governments around the world have worsened these issues in monumental fashion. Growth was already contracting prior to the crisis, and CPM believes low growth could be the biggest consequence of the official sector’s liquidity rush.

With many countries appearing to adopt even more protectionist policies, CPM points to the long-standing trade conflict between the U.S. and China as something to look out for. The group also noted that many economies are projected to post a much slower recovery than that of the U.S. Regarding gold price, CPM doesn’t expect any major rushes such as the one seen last year. Instead, its analysts think investors will become more attracted to the metal over a longer period of time, slowly buying gold whenever a dip occurs. (More in line with the behavior expected of buy-and-hold investors rather than speculators’ constant turnover.)

Their sentiment agrees with many reports asserting that money managers are reassessing the traditional portfolio model and coming to view gold as a necessary inclusion…

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birch gold group, gold, precious metals, pandemic, money, wealth, cpm,

The global reset scam

The global reset scam

This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank digital currencies will simply run out of time.

Instead, the collapse of unbacked fiat currencies will end all supra-national government solutions to their policy failures. Already, there is mounting evidence of money beginning to flee bank accounts into stocks, commodities and even bitcoin. This is an early warning of a rapidly developing monetary collapse.

Moreover, nothing can now stop the collapse of fiat currencies, and with it schemes to control humanity for the convenience and ambitions of government planners. There can only be one statist solution and that is to mobilise gold reserves to back and save their currencies, which in order to succeed will have to be fully convertible into circulating gold coinage. It will also require the role of governments to be reset into a non-welfare, non-interventionist minimalist role, which can only be achieved after a complete collapse of the current fiat-financed system.

Anything less will fail.

The Deep State and The Blob fuel conspiracy theories

Increasingly, people are beginning to realise that their world is undergoing a period of rapid change, with the future of fiat money now uncertain. For most, it is too difficult to even contemplate. But growing uncertainties are driving wild speculation about what those in authority now have in store for the human race in the form of a global reset. It is a time for conspiracy theorists, aided and abetted by our politicians and central bankers who are being increasingly evasive, because events are spiralling out of their control.

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Fourth Turning Election Year Crisis

FOURTH TURNING ELECTION YEAR CRISIS

“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.” – Strauss & Howe  The Fourth Turning 

How a contested election could send the U.S. into a constitutional crisis - MarketWatch It's not the chairman of the Joint Chiefs' job to remove Trump from office if he won't leave.

“There is no darkness but ignorance. The devil can cite Scripture for his purpose.” William Shakespeare

I read The Fourth Turning in 2006, after seeing it described in John Mauldin and Doug Casey’s newsletters as an uncannily accurate assessment of American history based upon generational configurations which recur on eighty-year cycles, a long human life. Strauss and Howe wrote the book in 1997 and used their generational theory to predict the Crisis that would begin in the mid-2000’s and come to an indeterminate climax in the mid-2020’s.

 

As a student of history, the theory spoke to me. I have been writing articles since 2009, using the Fourth Turning as a guide to interpreting what has been happening and what might happen as this crisis period accelerates towards its violent culmination. The quotes above perfectly capture exactly what has happened since this crisis began in September 2008, with the Fed/Wall Street created financial collapse. The existing social order is disintegrating, but they are willing to destroy the country rather than relinquish their wealth, power and control.

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Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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