A democracy can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the treasury, with the result ...
Continue reading 100 Words On: A Grim Warning to Those Who Think Money Grows On Trees
Another Milestone: Celebrating Two-Million Page Views!
I've always enjoyed writing, but without you, the truth is I'd just be wasting my time. Which is why I am very happy to report that Len Penzo dot Com just crossed the two-million page view mark! Hooray!
When I surpassed the one-million page views ...
Continue reading Another Milestone: Celebrating Two-Million Page Views!
If It Feels Good Do It: Maybe Strategic Defaults Aren’t So Bad After All
I bought my first home in 1990 at the top of the Southern California real estate market and promptly found myself with an "underwater" mortgage. And although I owed more than the home was worth over the next seven long years, I never walked away from ...
Continue reading If It Feels Good Do It: Maybe Strategic Defaults Aren’t So Bad After All
Inflation 101: Why Avatar Isn’t the Biggest Movie of All Time (And What Movie Is)
This past week, the technologically ground-breaking 3-D movie Avatar was hailed across the globe as the new king of the box office world, "topping" Titanic's box office take by grossing over $1.859 billion worldwide.
According to the media, this ...
Continue reading Inflation 101: Why Avatar Isn’t the Biggest Movie of All Time (And What Movie Is)
18 Facts You Didn’t Know About The Federal Reserve System
1. The Federal Reserve System is the United States' version of a central bank. Central banks, also known as reserve banks, are the entities responsible for the monetary policy of a country. The United States has not always had a central banking ...
Continue reading 18 Facts You Didn’t Know About The Federal Reserve System
Paying Off the Mortgage Early? Not So Fast …
In January 2009 I wrote one of my most popular posts to-date entitled Paying Off Your Mortgage Early Is A No-Brainer. In that post I did a detailed analysis that justified why paying down my mortgage was the right thing to do.
That Was Then, This ...
Continue reading Paying Off the Mortgage Early? Not So Fast …
Inflation: Your Four Best Defenses For Preserving Your Wealth
I kicked off this series on inflation with a warning about why all of us should fear inflation and why the US government needs it to take root in our economy. But I'm not the only one who thinks so.
Forbes posted an excellent article on the coming ...
Continue reading Inflation: Your Four Best Defenses For Preserving Your Wealth
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 ...
Continue reading Inflation: Why You Should Fear It, And Why The US Wants It
Using a HELOC as an Alternative to Refinancing
Recently I was talking with a buddy of mine, who happens to be a higher-echelon employee for a major bank, about my desire to refinance into a longer-term home loan in order to provide me with additional financial flexibility in the event I ever lost ...
Continue reading Using a HELOC as an Alternative to Refinancing
Got a Fixed Rate Mortgage? Root for High Inflation.
With all the liquidity that the governments of the world have been releasing into the economy, I believe it will only be a matter of time before we begin to experience a nasty bout of inflation that will force interest rates into territory not seen ...
Continue reading Got a Fixed Rate Mortgage? Root for High Inflation.
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