I recently read 3 short eBooks that explained a great deal about why we are in the mess we are in with our economy. The author also gave suggestions as to what each of us can do to ensure our family comes out on top when this current depression is over.
The first book explains why “credit” is our number one enemy and how important it is to live debt free. The wealthy use credit to make money. The poor use credit to buy things that we often really do not need. We let the media and the idea of “keeping up with the Jones” seduce us into buying on credit things that we can live without.
The author stated that the
Somewhere along the road to independence and freedom we lost sight of the true meaning of independence and freedom. When our forefathers wrote out the Constitution, they meant for us to be a free and independent people. Then greed and politicians set in and we slowly gave up our freedoms to the extent that today it can take several hours to get on a plane to just fly to another city in the
The author mentions that if you use credit to buy the necessities in your life then you are indeed poor. However, I would like to clarify that because I use my credit card for everything and I pay my credit bills at each billing cycle. For me it is much easier to use credit as long as I do not charge more than I can easily pay off when the bill comes due. Well, besides being easier to charge than carry around cash, I also receive 1% to 5% rebates from the credit card companies (banks) for having used their card.
Yes, I realize it is very hard not to want to buy on credit. When I become depressed or unhappy, it is often very easy to want to buy something to make me feel better. The media and the banks are very good at convincing us that it’s OK to buy on credit, because we “deserve it”. Just like when we get that sugar high, very soon we come crashing down to reality when our credit card statement comes and we don’t have the cash to pay it off in full. It is very easy to rationalize and say, “That’s OK. I will finish paying it off next month.” Soon we are in the credit trap and we have sold our freedom for a short term pleasure. It kinda sounds like a drug addiction, doesn’t it!
The second eBook I read explained in very great detail what our dollar is really worth. The author talks about what was written in the Constitution and why. He covers the history of banking and the central banks, what is backed and un-backed currency, as well as currency devaluation and reissue. All of these things lead to our loss of freedom.
I was very impressed by this quote by Thomas Jefferson, “If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”
Doesn’t that pretty much describe what is happening to us now? Kind of scary, isn’t it?
There is a lot of very thought provoking ideas in this eBook. The author ends with saying that the only way out of this mess is to issue new currency, a currency that is backed by real value like gold and silver. If all you have is paper money, you are gong to be very sad indeed. The author suggests buying gold and silver and he recommends a place to do that.
In the third eBook I read, the author talked about legally robbing banks. I have received many ads in the mail and online to purchase such a book. Well I now have it for free. Actually he talks about Forex trading, which I am going to seriously look into further. I have been on a Forex newsletter list for over a year now. I guess I need to start reading some of those newsletters.
Here’s the bottom line of what I learned. Well, actually I already knew some of it, like the importance of being debt free. I even have a website where I sell an ebook on how to be debt free. First, you must become debt free. Next, put some of your money in gold and silver, mostly silver because gold may be hard to get change for. Third, look seriously at the Forex market. It will give you much higher returns than the stock market and when done smart, it can be a lot safer than the stock market.
Finally, give serious thought to starting your own business. With the Internet it can be the best and least expensive way to go, especially when you learn from an expert who knows the ropes and who doesn’t need to take advantage of you to make his/her living.
Gary Gile
Ph: 336-233-5794
Cell: 860-810-7735
PS: Send me an email if you want to get your free copies of the 3 eBooks I mentioned above.