Skip to main content

Posts

Showing posts with the label economy

Capitalism's Characteristics: Why Capitalism Is Good

When you have the great foresight not to consume every resource you've got, what's left over becomes savings. When you have the great insight to trade your savings for tools that make you more productive, your savings become capital. Why Capitalism Is Good Capital is what makes work a little or a lot easier on you, and the key to getting ahead is spending less on consumption and investing more on capital. Most people consume right up to their limit, and they stay poor or middle class forever. Those who have great success in life are usually those who create more for the rest of the world than they consume. Capitalism's Characteristics Resources find their way into such a person's hand in great amounts because they will grow in that person's care. Most of us are more or less given exactly as much as we can be trusted to be responsible with in this world. For many of us that's just enough not to die or riot each month. For a very few of us th...

Money For Nothing: A Federal Reserve Documentary

MONEY FOR NOTHING: Inside the Federal Reserve is an independent, non-partisan documentary film that examines America's central bank from the inside out - in a critical yet balanced way. http://www.moneyfornothingthemovie.org/ Had a friend pass this along. Looks great.

Ten Practical Things To Make With A 3D Printer

Ethan at HackThings writes: "I went digging on Thingiverse, Shapeways and Ponoko to see if there was anything I’d actually make, and what I found surprised me. Set aside art and jewelry, if you enjoy making things there are plenty of practical, every-day creations to justify the purchase. Especially when you can get a decent 3D printer for $450. Now, having done the research, I have to swallow some of my skepticism. I’m buying a 3d printer. Here are ten practical things I want to make." Read the list here . The one that excited me most was actually the least practical item on the list-- Legos. Just imagine, any possible Lego shape you can think of. zomg!!

Jeff Berwick Cut Off By CBC Radio Host When He Starts Discussing The True Nature of Fiat Money

This is classic. Jeff Berwick, of the Dollar Vigilante , is cut off by a Canadian Broadcasting Corporation radio host when he starts revealing the true nature of fiat currency to the show's listeners. The show is also a good look at how the mainstream media and its audiences are perceiving and grappling with alternative crypto-currencies like Bitcoin. NB: they don't understand it and find it really scary. Boo! Listen here .

Alabama: 20,000 show up to apply for 877 auto manufacturing jobs

  Unemployed Americans are desperate to find work as they scramble to apply for jobs in numbers that far exceed job openings. At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings.... These are not unusual stories. Similar stories have been reported for years. Back in 2009, it was reported that GE advertised for 90 washing machine assembly jobs in Louisville, KY and 10,000 folks showed up to apply. The GE jobs were paying $27,000 a year or $519.23 a week or $12.98 an hour. Just 4 years ago, the same washing machine assembly line job paid $19 an hour. As middle class factory workers are being forced to take 30% plus wage cuts, Bankster and CEO compensation continues to soar out of the stratosphere.... While workers are now being thrust into the stone cold reality of free market wages during a period of profound inflation, government induced monetary devaluation and massive corporate welfare, the elites of our th...
–––As Featured On–––