The Doom of Wired Telecom
Advances in technology bring many changes to the business world, and certain industries that were once considered viable are now industries that should be avoided at all costs. One industry that is expected to shrink the most dramatically is the wired telecommunications carrier industry.
This industry has been rapidly shrinking in response to the increasing widespread use of cell phones and online forms of communication. The need for wired communications has become so low that 25 percent of all households do not even own a land line phone. Some even predict that by 2025, land line phones will completely disappear. Continue reading
Preparing Your Finances for 2012
Looking ahead to a new year and planning for the future
It’s hard to believe that 2011 has passed so quickly and that 2012 will soon be here. Now is a good time to look back over the past year and assess your finances. Did your choices this year put you in better or worse circumstances? Do you have the information needed to make wise decisions in the next year? Are you prepared to protect your financial future?
The following excerpt from Conquer the Crash explains the importance of preparing and taking action now so that you’ll be ready for what’s ahead. You can read 8 more chapters from Conquer the Crash — 42 pages of critical information, including a list of imperative “dos and don’ts” — Free. Find out how below.
Chapter 14: Making Preparations and Taking Action
The ultimate effect of deflation is to reduce the supply of money and credit. Your goal is to make sure that it doesn’t reduce the supply of your money and credit. The ultimate effect of depression is financial ruin. Your goal is to make sure that it doesn’t ruin you. Continue reading
The US’s Education Bubble
By Doug Hornig and Alex Daley, Casey Research
In the world of finance, there is always talk of bubbles – mortgage bubbles, tech stock bubbles, junk bond bubbles. But bubbles don’t develop only in financial markets. In recent years, there’s been another one quietly inflating, not capturing the attention of most observers.
It’s an education bubble – just not the one of student debt that has graced the pages of the New York Times and so many other publications in recent months.
The problem is not that we are overeducating ourselves as many would have you believe. Rather, it’s that we are spending a fortune to undereducate ourselves.
The United States has always been a very educated country. But it is becoming less and less so, especially in the areas that matter to our individual and collective economic futures. Our undereducation begins with a stubbornly high dropout rate among secondary education students. About a quarter of those who begin high school don’t finish.
In an educational system where graduation from high school at a minimum level often means no grasp of mathematics beyond basic arithmetic, no training in basic personal finance, and no marketable professional skills, this is an obvious problem We can and should do more to prepare high school graduates for the world they now live in. Continue reading
Money Essentials for These ChaoticTimes
Trying times are upon us. There are a few essentials you absolutely must understand if you are going to thrive or at least survive financially over the next few years. If you want serious money, you have to get serious about money. You need to understand these fundamentals and never forget them. Here are the fundamentals: Liquidate, Consolidate, Create and Speculate. The key to becoming wealthy is simple to state but totally incomprehensible to modern society.
Simply produce more than you consume and save the difference. But we are taught that consumption is the goal. He who dies with the most toys wins… Consumption is the good that will save our country. But is it true or is consumption what got us in this mess in the first place?
On the one hand consumption is the goal but we have been brainwashed into thinking that wealthy people are evil and therefore poverty must be good. And so society drives us toward consumption and poverty.
In this essay Doug Casey tells us that “self-made wealthy people may not be saints but they’ve proven they’re better than the average in at least one important way: they can create and conserve wealth.” And people who create wealth create jobs. In the long run it is the wealth creators that will solve the problem not the consumers or those who would redistribute the wealth of others. ~Tim McMahon , editor
Money: How to Get It and Keep It
By Doug Casey, Casey Research
Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit or a really serious misjudgment took you back to Square One? One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least. And as far as I’m concerned, the Greater Depression is looming, not just another cyclical downturn. You may find that, although you’re far ahead of your neighbors (you own precious metals, you’ve diversified internationally and you don’t believe much of what you hear from official sources), you’re still not as prepared as you’d like.
I think a good plan would be to approach the problem in four steps: Liquidate, Consolidate, Create and Speculate. Continue reading
Welcome to the Inflation Data Blog
With the Web 2.0 revolution everyone enjoys responding to articles and being able to share good articles with friends and other sites. But we have been a bit behind the curve because of the way our databases are hosted on InflationData.com so adding a blog has been impossible… up until now!
But we have wanted to be able to get your feedback for a while now so we have created another site to allow us to provide more articles quicker in a Blog format and it is right here on Inflationdata.net.
We would love to have your feedback on articles and suggestions for how we can improve this site. It is just in its infancy so be gentle with us as we get up to speed. All we ask is that you register as a new user before posting (it will only take a second or two).
Thanks!
Hope You Enjoy the New Site!
Tim McMahon, editor
