| |
Major Site Upgrade in Progress |
 |
|
 |
|
Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
|
|
|
 |
|
 |
|
 Posted: Fri Feb 02, 2007 5:26 am Post subject: How Central Bankers are Stealing Your Money |
 |
|
|
 |
|
 |
|
|
|
|
You've heard me say it many times before: Without a gold standard, central bankers are free to print money and credit like crazy to inflate their economies
avoid recessions
and to pay off governmental debts.
The problem with this is that it's always done at your expense! Central bankers don't suffer the consequences. Neither do those in the government. But you sure do!
The purchasing power of your currency declines
Your cost of living rises
And you work harder only to end up with diminishing returns on your labor and capital.
In effect, central bankers are stealing your money! That's why it's critical to invest in tangible assets that represent real wealth. More on that in a moment. First, let me explain the problem a little more:
Money Supply Is Surging Around the World
Check out my table. You can see that the supply of money and credit in India is growing at an astronomical 20% a year!
Country Money Supply Growth (Annualized)
India 20.0%
China 16.9%
Australia 11.2%
Britain 14.2%
Canada 8.6%
Denmark 9.1%
Japan 0.7%
Sweden 10.6%
Switzerland 2.4%
United States 4.8%
Euro Area 8.5%
In China, it's rising 16.9% annually.
In the European Union, the growth in the broad supply of money recently hit its highest level in 17 years.
And Australia and Britain aren't far behind at 11.2% and 14.2%, respectively.
Now, money supply growth in the U.S. looks tame by comparison, rising at an annual rate of 4.8%.
But based on the inflation we're already seeing in the U.S. in commodity prices and previously in real estate I don't trust the U.S. figures one iota. And neither should you. Why?
Washington Is Playing Games With Its Money Supply Figures
In the past, I've told you how Washington manipulates the Consumer Price Index by intentionally leaving out energy and food costs. The reasoning behind this is simple: A lot of government entitlements (such as Social Security) are tied to the CPI rate. So Washington tries to limit the increases in benefits it's obligated to pay by deceiving you on the real rate of inflation.
Recently, they've been pulling even dirtier tricks with their money supply figures by not releasing them anymore! That's right last March, Washington stopped publishing statistics on the important measure of money supply known as M-3.
M-3 is the broadest measure of money supply, and includes:
Full article - http://www.marketoracle.co.uk/Article291.html |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
|
|
