My property is a mess. The place was completely unmanaged for decades when we bought it. The owners lived in Missouri and likely hadn’t stepped foot on the place in at least ten years. It was originally an Cherokee land grant given to a little girl in the 1920’s. She and her family fenced it …
We are beset upon by dumb people. If you are dumb and don’t understand causation life becomes a cargo cult for you. If you are dumb, you can’t believe that the West was built by a meritocracy. If it was and your people didn’t get to participate, that means you weren’t good enough. That is …
Cargo cults cropped up during the late colonial era that petered out in the 20th century. Cargo cults are characterized by a desire for material goods and a complete misunderstanding of all preconditions that gave rise to those goods. From Infogalactic: With the end of the war, the military abandoned the airbases and stopped dropping …
Stupid people say “It takes money to make money!” This is actually an excuse poor people and spiritually poor people make for not trying to launch their own business. Smart people are always trying to make money by using as little money as possible. In fact, ROI or ROC is a measure of how much …
Money folks talk about financing in terms of the mechanical. They talk about leverage. If you borrow against the equity in your rental property in order to buy more property they’d say you are leveraging the equity. The total debt in your company might be referred to as “gearing.” Using debt to obtain control of …
Usury used to be illegal. It used to be hated by the true Church. It should still be. If usury is hated, should that hatred reserved for only the lender? If usury is sinful, is borrowing sinful? When asked if usury is a sin, Thomas tell us: I answer that, To take usury for money …
I’m getting ready to go on a tirade about debt and usury. I know with the inflation, market consolidation, and financialization of everything we are experiencing today it seems like it’s impossible to “get ahead” without borrowing. As a result, I know some of you will think this is boomer-poasting from me. That it’s “easy …
“Immigration” on our Southern border is the reconquest of territory lost in the Mex-Am war and the territory they sold in the Gadsden Purchase. Just because no one know the history doesn’t change this. From infogalactic, the treaty of Guadalupe Hidalgo, which concluded the Mexican-American War The treaty gave the U.S. undisputed control of Texas, established …
I’ve been thinking about interest rates. It seems like I’m always thinking about them. Inflation is high right now. The gubermints Consumer Price Index says inflation, the rate of increase in prices denominated in dollars over a given period of time, has increased 6.8% this year so far. Shadowstats.com uses the same method the gubermint used …
I’m not sure interest rates work like we’ve been told Read More »
If, like in my last post, the fed raising the discount rate doesn’t effect prices like the monetarists told us, what is going to happen this go around? Let me be clear. I do not know for certain that the interest rate/inflation relationship holds as the monetarists told us. If it does, how do we …