Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
PLEASE watch this video!!!!
http://www.youtube.com/watch?v=E5VNAEmmBQM&feature=relmfu
Everything you need to know about the coming economic collapse and how we got in our current mess. This is impactful for peoples' nest eggs and retirement accounts.
Contents of the film:
-Currency Vs Money
-United States M3 expansion
-Fiat Currency and how it is created
-The Federal Reserve is neither federal nor has reserves
-Fractional reserve banking
-How central banks steal wealth from the people
-The second wave of mortgage resets
-Out of control deficits
-Gold always accounts for an expanding fiat currency supply
-Gold and silver above ground supplies
-Differences between the 70s bull market and now
-Silver as an industrial metal
-Gold/Silver ratio and the Price Discovery Mechanism
-Growing awareness and New Media
-Ron Paul and the Constitution
-Price suppression via metals leasing
-GATA
-Fraudulent gold accounting by the US government and the change made in May of 2007
-Price manipulation via ETFs, includes sections of the SLV prospectus
-The privacy of physical precious metals
-Real Estate vs gold and silver - less than 500oz silver to buy a home?
-Dow vs gold and silver
-Why investment advisors won't recommend gold and why 10% of your portfolio in metals is ridiculous
-Cycles
Re: PLEASE watch this video!!!!
You Tube is blocked at work.
This isn't about politics. All that aside. Seriously.
YouTube is a great vehicle/tool to spread information. Some of it is really dumb stuff. But lots of smart respectable companies, politicians and people from all sides use it as a viable way to disseminate information.
I will provide a link again. We are on this "fiscal cliff;" our nation's economy is at a precarious point.
Maloney's goal is to get this information into the ears of the Middle Class and to help as many people as possible.
It is timely, relevant, and personal. I know many of you dislike me and my political positions, but please watch these. They begin with some trailer like snippets and then the full videos start.
This guy is legit. He has the ears of Ron Paul and other international monetary experts. He speaks before Europe's economic leaders.
Although we disagree on so much, I still feel that we all an benefit from this information as a community here. So, in short, although you laugh at me, roll your eyes, and call me names, I still care enough about you to continue to encourage this video.
http://www.youtube.com/watch?v=tj2s6vzErqY
This guy is a 10th grade dropout whose "experience" consists of failed businesses. His goal isn't to get this information into the ears of the middle class, it's to sell his books. And LOL that he speaks before anyone of importance.
I know you mean this as comforting and to legitimize him, but...
Ron Paul is a whackadoo and not someone I want advice and counsel from.
Also, YouTube is blocked at work so I can't really comment on this. What is the guy's full name and I will research some written material.
Its this guy: http://en.wikipedia.org/wiki/Mike_Maloney
So what if he is a 10th grade drop out. And, did you bother to read that he dropped out due to dyslexia - not some rebellious reason like drug use. Sheesh. School wasn't for him. Does not mean he isn't worth a listen. He has a learning disability - does that disqualify him from being correct about a lot of stuff? Wow.
Also, he is very smart and well-spoken...many people with dyslexia are.
Steve Jobs dropped out of college. Look at his success story. Also, not all fo Steve Jobs' projects or businesses were successful - dude expereimented with LSD and said it was an important part of his life.
Also, Ron Paul isn't offering advice, he is discussing the position of the money supply currency within our nation.
And, you're citing Wikipedia??? That's very high school. My friends' college-aged kids don't even go there for data.
If we decided not to hear out people in our society due to past hiccups in their educational or personal lives, we'd be dismissing a lot of good thinkers and workers.
These sorts of videos tend to be heavily laced with crazy. We are not going anywhere away from fiat currency anytime soon.
Precious metals can be nice hedge as part of a balanced portfolio. 5-10% is appropriate.
Gold tends to track fairly well with inflation. If you think inflation is going to be a huge problem in the next 10 years, by all means, put your money on gold. But it's not really investing so much as it is gambling.
It's cool if you trust him, ML. However, I personally see no reason to find him credible simply because he is "smart and well-spoken," in your opinion. He wants to make money off his books and ideas. Just like many other people. Rush Limbaugh sells books as well, and he is totally full of sh!t.
So, not everyone is going to think he's a prophet as you seem to. Sorry.
I don't care *why* he dropped out, I care that he doesn't even have a high school education. I seriously doubt his expertise when he doesn't have even a high school diploma, let alone a college degree in economics or any sort of advanced degree. He's an expert because...he says he is? Because he wrote a book and has seminars? Being well-spoken doesn't mean you actually have expertise on something.
Wikipedia is actually more accurate than the Encyclopedia Britannica, so...
http://news.cnet.com/2100-1038_3-5997332.html
But at any rate, all of the information at the wiki link can also be found on his own website or from other sources.
Steve Jobs actually created something (and had a high school diploma, at least). He had something to show and something to make up for his lack of education. He created a product that became hugely successful, created a business that became hugely successful. What has this guy done? Made a Youtube video?
You seem to think that as long as someone is smart, they must be an expert on whatever they claim to be an expert on, and therefore we should give their opinions tons of weight, as much as people who have spent their entire lives studying certain topics.