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It’s Inflation Week at Len Penzo dot Com. Follow me over the next several days as I explore the multiple facets and facts about this insidious scourge, the probability of its resurgence, its potential impacts on us, and strategies for protecting yourself and your personal finances. Hey, it’s not as fun as Shark Week at the Discovery Channel, but it’s almost as scary! I kicked off this series on Continue reading Inflation: Your Four Best Defenses For Preserving Your Wealth Another economic disaster looms for both the US and Mexico and something needs to be done in the near future to stop it. Mexico is currently the fifth largest oil producer in the world and the third biggest supplier of crude oil to the United States, but production has been declining at its mammoth Cantarell oil field so drastically that the country is now expected to become a net importer of Continue reading How Mexico Can Save Its Oil Industry: Sell Baja California to the US The National Debt recently surpassed the $16 trillion mark. What can we expect if the world loses faith in the US dollar and hyperinflation were to take hold? To help you make sense of it all, here is a primer: 1. Inflation occurs when the supply of money exceeds the rate of economic growth. To put it another way: Inflation results when too much money chases too few goods. 2. Inflation weakens the Continue reading 18 Crazy Facts You Didn’t Know About Inflation and Hyperinflation A while back I moved into a new office at work. When I looked in the desk, I found 162 pennies in one of the drawers. I can only assume that the previous owner used the desk as his chosen repository for all the pennies he received in change whenever he went out for lunch. I can’t really blame the guy who did that. In fact, I think pennies are an Continue reading Is It Finally Time to Get Rid of the Penny? The Obama administration’s decision to force out the head of General Motors should send chills throughout the private sector for years to come. President Obama continues to use the current financial crisis to undermine the free market and stretch his authority vis-a-vis the private sector in ways previous presidents never dared. Although it is a bit late I am certain that the ex-chairman of GM, Rick Wagoner, finally realizes that Continue reading Stop the Bailouts and Let the Bankruptcy Process Do Its Job Yesterday my family and I got in the car and drove to Arizona for the day to see my beloved Los Angeles Dodgers play a Cactus League game against the Chicago White Sox at their new spring training complex known as Camelback Ranch. The Dodgers lost 6-1 and, I gotta tell you, if the Dodgers don’t find some pitching help real soon it’s going to be a very long season. We Continue reading What It Really Feels Like To Be A Millionaire The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning
Continue reading Gordon Gekko Would Be Proud: It’s Time to Let AIG Fail |
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Inflation: Why You Should Fear It, And Why The US Wants It
Ronald Reagan accurately warned us in 1984 to be vigilant against inflation because it can come, “like a thief in the night to rob our savings, rob our earnings, and take the bread off our tables.”
For this reason, the government is usually on guard against the threat of inflation. In the simplest terms, this is normally done by controlling the amount of money in circulation. It’s really a matter
Continue reading Inflation: Why You Should Fear It, And Why The US Wants It