by Summary:
Accumulating, good assets, and holding man should be the focus of your financial life. It will take care of you and generations after. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Accumulating, good assets, and holding man should be the focus of your financial life. It will take care of you and generations after. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Nick Falvo writes Canada’s 2024 federal budget: What’s in it for rental housing and homelessness?
Robert Vienneau writes Precursors Of The Modern Revival Of Classical Political Economy
NewDealdemocrat writes The snooze-a-than in jobless claims continues; what I am looking for in tomorrow’s jobs report
Bill Haskell writes Monthly payments could get thousands of homeless people off the streets
| Accumulating, good assets, and holding man should be the focus of your financial life. It will take care of you and generations after.  |
The problem with capitalism is you eventually run out of other people's money and require a government bailout.
Whether it’s other people’s money or the government’s as long as you have it what difference does it make?
Inflation is the cause of the consumerism. Stop inflation. Take money printing away from govt and you'll end poverty in this country and all the wars we wage against the world.
@Frank Perrott The fact that the government bails out the already wealthy, that got wealthy by exploiting working people.
I’ve been telling everyone I know the same thing. Unfortunately very few will listen even fewer will actually do it.
Great video mike – I love your words of wisdom 🎉🎉🎉
Great advice about accumulating assets. I only have one home. Not going to sell. Now, I’m thinking of buying a small condo, thanks to your advice. I bought a BMW in my 20’s. The guy at the dealership advised to buy real estate instead of a dumb luxury vehicle. I’m in my 50’s now. Should have followed his advice. I guess it’s not too late as Mike says. Hoping for a real estate market correction.
I just love listening to everything you have to say. Thank you for showing up for us 🙏
Spot on Mike! You are the MMT philosopher king.
Wise words! If we really patient, persevering, not greedy, if we know how to evaluate good assets, know it’s reasonable price level, then know when it’s cheap, we accumulate it, keep it and ignore the up and down, pay attention to fiscal flow and government’s fiscal policy, we will make it like what Mike said!
that guy who emailed you asking you how to give the woman the life she deserves is in for a rude awakening. marriage has become a business. what a total SIMP. Let's do a take on 50's P I MP SONG:
"I don't know what you heard about me
But every woman can get every dollar out of me
A cadillac, a mansion, Chanel purses. can't you see
That I'm a motherfuckin' S-I-M-P. "
modern marriages are not about a coming together souls trying to bond spiritually to serve God, it's about self interest and benefits (ohhhh he will spend money on me? GREAT that serves me). that is not a solid foundation for a marriage especially in modern America where the law makes the man his wife's little punk atm machine. boomers need their head evaluated they degenerated the culture in the late 60s.
My grandmother in Southern Califorina believed in McDonalds Opened one restaurant in the early 60s, then over time 3 more. You may have gone to one. She liked to be close to the beach communities, she lived in South Laguna Beach. She always bought their stock esp. when it under $1.00. Our family now has beaucoup MCD. Look at their stock chart price over the years. Some in family recieve nice dividend checks to help them out.
I much later did same in buying Home Depot and P&G.stock. HD pays larger dividend than MCD so does P&G. I was starting out at One Battery Park at E.F. Hutton the early 80s. Their were much saucer stocks but I chose ones that print profits. My buddies said who the the hell is Home Depot? I did by Chase later JPMorgan Chase divested years ago when I thought it was a continually criminal enterprise.
“No ‘BAU’?
‘Most’ ‘economic thinking’ is ‘short run’ and ‘redundant’? ‘It’ ignores the ‘supply side’? ‘Growth’ {and ‘civilisation’} depends upon ‘cheap’ F.F. – those so called ‘halcyon days’ are ‘over’. ?
“The crisis now unfolding, however, is entirely different to the 1970s in one crucial respect… The 1970s crisis was largely artificial. When all is said and done, the oil shock was nothing more than the emerging OPEC cartel asserting its newfound leverage following the peak of continental US oil production. There was no shortage of oil any more than the three-day-week had been caused by coal shortages. What they did, perhaps, give us a glimpse of was what might happen in the event that our economies depleted our fossil fuel reserves before we had found a more versatile and energy-dense alternative. . . . That system has been on the life-support of quantitative easing and near zero interest rates ever since. Indeed, so perilous a state has the system been in since 2008, it was essential that the people who claim to be our leaders avoid doing anything so foolish as to lockdown the economy or launch an undeclared economic war on one of the world’s biggest commodity exporters . . . And this is why the crisis we are beginning to experience will make the 1970s look like a golden age of peace and tranquility. . . . The sad reality though, is that our leaders – at least within the western empire – have bought into a vision of the future which cannot work without some new and yet-to-be-discovered high-density energy source (which rules out all of the so-called green technologies whose main purpose is to concentrate relatively weak and diffuse energy sources). . . . Even as we struggle to reimagine the 1970s in an attempt to understand the current situation, the only people on Earth today who can even begin to imagine the economic and social horrors that await western populations are the survivors of the 1980s famine in Ethiopia, the hyperinflation in 1990s Zimbabwe, or, ironically, the Russians who survived the collapse of the Soviet Union.” ?
https://consciousnessofsheep.co.uk/2022/07/01/bigger-than-you-can-imagine/
Can you talk about what will happen to the market when Yellen puts money back in her TGA account that she used.