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Either the federal government is limited to the powers enumerated in the Constitution or it is not. If not, then we are no longer governed by the Rule of Law.
When the rule of law fails, we are then governed by the rule of powerful people who ignore contract law, property rights and the dignity of the individual citizen. Those powerful people apply laws selectively to reward their friends and punish their enemies. Selective application of the law is the root of government corruption.
Selective law enforcement can occur at every level of government - from the tiniest school district to towns, cities, counties, and states on up to Washington DC. Corruption destroys the moral authority of government and leads, inevitably, to collapse and chaos.
I started learning the investment business in 1974 as a retail broker and have been an active investor ever since. That should tell you I am getting a bit long in the tooth, but am still standing, breathing in and out. I am a survivor.
Things have changed dramatically over the past 35 or 40 years. Most of what worked in the past is obsolete and useless now. Over that time, I probably have been wrong more often than right but still made a decent living. How?
Never risk it all. Russian Roulette is a good example: The odds of winning are 5:1. But one loss and you are out forever with no recovery possible. Don't ever put yourself in that investment position.
Remember that brokers, advisers, financial media and institutions make a living moving your money to their pocket legally. If they really knew what the markets were going to do, they would never speak to you. They would be investing instead of talking you into investing. The point is that YOU have a better chance of doing what is best for you than anyone else on earth, if you just use some common sense and stick with reality instead of wishful thinking. You're on Your own (YoYo), even with an advisor encouraging and comforting you.
Today, the overriding, dominant financial reality is that most of the debt outstanding will never be repaid. To repeat, most of the personal, corporate and government debt around the world can't be repaid, so it won't be repaid. It will be discharged by some combination of currency debasement and default.
Start with that reality when making personal investment decisions in this day and age.
The only way an American can avoid political discussions in 2016 is to be in a coma. If you are not in a coma, it is going to be difficult to stay sane - that is, to separate Sense from Nonsense.
I believe in Constitutionally limited government and the rule of law (as opposed to the rule of powerful people). Take that into consideration when you visit Sense & Nonsense.
It is a mistake to think the presidential race is the most important political contest, even though it will dominate the news and discussion. Much more important to every individual are the local races for city council, school board, county judge, sheriff and commissioner.
These elected official will determine whether your children are educated and whether you have a safe, pleasant, affordable place to live or not. Who is president will probably not affect your daily life much, but local officials will. Spend your time, effort and money to elect principled people close to home and you will be OK no matter what the president does.
The first obvious thing is that the flow of money and information is: 1) global; and 2) near instantaneous. Those flows have been speeding up for a long time but have now reached the limit of instantaneous. You just can't get any faster than that.
Money has ceased to be a tangible thing. It is just more information to be transferred. Seldom does tangible money change hands any more – just information about who it would belong to if it existed. So, even when we talk about the transfer of money, we are just talking about the transfer of information. We can talk about information and consider money a subset.
The people, institutions and businesses that control information and the flow of it hold tremendous power that trumps military might and wealth. That shifts the power centers of the world from those who have, to those who know. They may be one and the same, but that is far from a forgone conclusion at this point.
From "Money is Intangible in the Information Age", Sense & Nonsense, November 21, 2010
Bitcoin and all currencies, including the US dollar, are just digital entries in a digital ledger. So, what is the difference? The difference is that Bitcoin does its own accounting automatically and instantly without any human input other than the transaction itself.
Non-profit Corporations are usually called "Public Charities" or just "Charity" in the popular media. This is misleading because most people think of "Charity" as something quite different from a Tax-Exempt corporate business structure that may or may not be charitable in the traditional meaning of the word.
If you want to stay sane in an insane world, think "Tax Exempt" when you see "Non-Profit". Charity has nothing to do with it.
Corrupt demagogues promote class warfare in America for their own benefit. Divisions between various classes of "We, the People" based on age, race, political ideology, religion, gender and economics have never been deeper or more hostile. The demagogues divide, then conquer and exploit. Only the elite 1% benefits. For everyone else, society crumbles into poverty and conflict.
The unifying ideal of all people being equal under the law fails when the rule of law fails. Then the demagogues rule arbitrarily for the sole benefit of their "tribe".
Distinguishing between friend and foe becomes vital as hostility intensifies. Until that distinction is consciously made, it is impossible to act in our own best self interest. We unwittingly strengthen our enemies by failing to clearly identify them as we weaken our friends by refusing to claim them as "Us".