Spot. Freaking. On. James!! Every week, for the past year and a half, I've settled in with my cup 'o joe and read the newsletter. And every week, I've learned more and more from you. Thank you my friend. This one is GOLDEN (literally and figuratively). It's the best "WTF1971" explanation I've seen. Crystal clear. And the new graphics are legit. Thanks again brother. Gary aka G Dinero.
A Tour de Force telling of Truths that are not Universally Understood.
( Say, perhaps, 1.5 % of the Worldβs Populationβ¦)
I think it was Benjamin Franklin who wrote a quip akin to βIt is when Voters discover that they can vote for free money for themselves, that it will be the beginning of the End of Democracyβ .
Thank you so much Brian, I truly appreciate this note. Yes Ben Franklin was wise beyond his years and time for certain. We can all learn from the founding fathers these days!
Great post! While familiar with these concepts, you combined and presented them so well that it really clicks. I plan to share this with my kids. Also, I appreciate your humility so much, as seen in your quote:
βHereβs my honest answer: I donβt know exactly what happens next. Neither does anyone else.β
But here is my main takeaway:
βStop thinking like a saver and start thinking like an owner.β
James, great article today. Your casino analogy reminded me of an evening in a casino in Port Au Prince, Haiti in the fall of 1984. After a trip to the Iron Market that afternoon where I learned about the ovarian lottery (something I've never forgot), I happened to win a jackpot of $50 worth of nickels at the slots. When I tried to convert the nickels to dollars they would only give me Gourdes in return (their currency). Interestingly, I was able to exchange those Gourdes at a bank in Florida because the Gourde was then pegged to the dollar. Good luck making that exchange now.
Great stuff James. Should be taught in schools.
Thanks so much Captain, I sincerely appreciate that! Maybe Iβll put together a book on all this. π
Love the new graphics
Thank you Mara!
Spot. Freaking. On. James!! Every week, for the past year and a half, I've settled in with my cup 'o joe and read the newsletter. And every week, I've learned more and more from you. Thank you my friend. This one is GOLDEN (literally and figuratively). It's the best "WTF1971" explanation I've seen. Crystal clear. And the new graphics are legit. Thanks again brother. Gary aka G Dinero.
Hey G! Thank you a ton for this, I really appreciate hearing how much it all helps. Truly could not make me happier. π«Ά
Fantastic write-up and explaination once again ! It is a great preface to Lyn Alden's book titled Broken Money.
James.
A Tour de Force telling of Truths that are not Universally Understood.
( Say, perhaps, 1.5 % of the Worldβs Populationβ¦)
I think it was Benjamin Franklin who wrote a quip akin to βIt is when Voters discover that they can vote for free money for themselves, that it will be the beginning of the End of Democracyβ .
Smart Guy!
Thanks Again
Thank you so much Brian, I truly appreciate this note. Yes Ben Franklin was wise beyond his years and time for certain. We can all learn from the founding fathers these days!
PS⦠A number of the Graphs/Charts are killer. So Visually Instructive.
Awesome to hear, thank you!
Great post! While familiar with these concepts, you combined and presented them so well that it really clicks. I plan to share this with my kids. Also, I appreciate your humility so much, as seen in your quote:
βHereβs my honest answer: I donβt know exactly what happens next. Neither does anyone else.β
But here is my main takeaway:
βStop thinking like a saver and start thinking like an owner.β
Thanks for doing this each week!
Awesome article James! I need to have my adult kids read this!
I finally subscribed. Fell in love with your content and hated missing weeks. Thank you for your articles sir.
Nailed it. Itβs a sad story for sure. π«
Loved it!
Thank you for this wonderful and life changing education James.
James, great article today. Your casino analogy reminded me of an evening in a casino in Port Au Prince, Haiti in the fall of 1984. After a trip to the Iron Market that afternoon where I learned about the ovarian lottery (something I've never forgot), I happened to win a jackpot of $50 worth of nickels at the slots. When I tried to convert the nickels to dollars they would only give me Gourdes in return (their currency). Interestingly, I was able to exchange those Gourdes at a bank in Florida because the Gourde was then pegged to the dollar. Good luck making that exchange now.