There is a very old and tested adage that has long been applied to booms and busts brought on, as they will inevitably always be, by government tampering with money and credit. The adage goes as follows: “In the washout of the bust which always follows the boom, real wealth returns to its rightful owners.”…

Consider this for a moment.  Treasury Secretary Tim Geithner recently received a letter from Republican Senator Pat Toomey.  In the last week of January, Senator Toomey (a member of the Tea Party caucus) introduced into Congress what he called the Full Faith And Credit Act.  It has since come to be known in US media circles as the Debt Doomsday Act. …

A friend of mine, Aram Fuchs runs a fund called FertileMind Capital out of New York. We met online through a mutual interest in examining new media companies and assets from a value investing framework and have since met in-person. He recently sent me a copy of his annual letter to shareholders, his fund returned 21.99% in 2010 (compared to %15.06 on the S&P500 and %11.02 for the DJIA).…

When the mainstream media talks about the growing “problem” of government deficit spending, they always focus on nations which are having trouble servicing their debts. The issue of actually “repaying” the debt is seldom mentioned. If it is, it is taken for granted that the debt will be repaid – sometime in the indeterminate and nebulous future [ also see “Debt, It isn’t what it used to be” – Ed.]…

OH NO! I’m about to pick on Steve Pavlina again, I resolved to lay off for awhile, but then he went and posted “How to Manifest Money”, and really…it’s not like I have a choice in the matter now. In it, he advises Playfulness (vis-a-vis, your relationship with money), Knowing (that the money is already there), Detachment (as opposed to desperation), Power, Upgrading, and Congruency (in your beliefs, no wait, in the “vibes your putting out”) – and relates the program in action as he teaches his 10 year old daughter how to forage for loose change on the ground…apparently Steve is a master at it (my daughter is 4 and I’m teaching her chess, linux and how to read a statement of cashflows…)

Anyway, fuck all that new age crap.…