Living in Peace and Wisdom on our Planet

  My Profile  Log In   Register Free Now   
Living in Peace and Wisdom on our Planet Planet Thoughts Advanced       Click to see one of our videos, chosen at random from the database, along with its PlanetThought
 Try a video
Home   About   Books&Media   Resources   Contact  
   News   Quote   Review   Story   Tip   All   Blogs   News   Quotes   Reviews   Stories   Tips
Get Email or Web Quotes
or use our RSS feeds:
New Feed:  Fossil Fuel
 Full  Blog  News
Read & Comment:
A Solar Community In Isr...
'Let's You And Him Fight...
Paul Krugman's Errors An...
Why Climate Change Is An...




Most recent comments:
From Farm To Fork
A Simple List: Things We...
Can the affluent rest at...

Actions:
Bookmark the site
Contribute $
Easy link from your site
Visit Second Life
Visit SU Blog





Blog item: Navigating Inflation's Big Bite

    Email a Friend     See Related

0 comments   Add a comment   Author:  peakmoment (Aug-21-2008)    Play a Video
Category: Economic/Financial

Marc Cuniberti, financial analystLast week we taped a Peak Moment conversation with a local financial market analyst who we first heard on our local community radio station KVMR about a half year ago. What Marc Cuniberti said on his "Money Matters" show made sense to us.

He talked about the Fed Reserve's recently printing tons more money and thereby continuing to worsen inflation. He talked about protecting the purchasing power of the dollar. And he obviously cares about others: "I don't want people to lose money."

What Marc said resonated with what we've been learning about the money system via documentaries like "The Money Masters", "Money as Debt", "In Debt We Trust", "From Freedom to Fascism" and "Zeitgeist."

Pretty eye-opening stuff — money as debt, backed by nothing by promises, the power of the central banks to control our lives. We learned how fundamental the money system is to how we live, what we value, what we do. It's the basis for our global industrial economy which requires infinite growth. As Michael Ruppert said in our Conversation on Pondering a Post-Petroleum Future: "Until you change the way money works, nothing will change."

With the subprime mortgage debacle, credit crunch, and the Federal Reserve (which is a private corporation - not "federal" at all) printing gazillion more dollars, causing beaucoup inflation — well, we've been watching our purchasing power and nest egg going downhill, wondering what to do about it.

We knew we weren't alone. So we invited Marc for the conversation. Marc isn't a financial planner. Interested in the money economy since he was fifteen, he's a market analyst. He talked about the causes of inflation and strategies to protect and even gain some money in a down market. Like getting out of debt, saving, perhaps having some gold and silver, investing in tangible things that people actually need (commodities like agriculture, precious metals, energy), and stocks that pay you to hold them by paying a dividend. He stressed the principle of using compounding interest in your favor: $100 saved today (with 6% return) can grow to $200 in 12 years.

Marc's strategies are about working within the financial system as it is. He's not trying to advise how to keep money local, or protect the environment, or do socially responsible investing. But keeping ahead of inflation (which Marc notes isn't in small single-digits like the government touts, but more like 10%) is a primary economic survival tactic for many. As he likes to say about inflation, mortgage woes, credit crunches, and financial sector misdeeds: "You ain't seen nothin' yet!"  See the video.

Source: http://www.wordpress.peakmoment.tv/journal/?p=55#more-55  
Related PlanetThoughts.org reading:
  Global Youth Uprising: Dashed Hopes, Anger, And ... (Jun-26-2011)
  China Blistering Past US In Green Investment (Mar-30-2010)
  Creating A Home Graywater System (Dec-26-2009)
  Revive Lincoln's Monetary Policy: An Open Letter... (Oct-19-2009)
  How Do I Invite You to Grow Food? (Oct-12-2009)
  Government and Sustainability: a How-To (Nov-30-2008)
  Making Financial Sense of the Coming Energy Crisis (Oct-18-2008)
  Companies Tackling Climate Change Top $300B (Oct-13-2008)
  Meeting the Energy Challenge - Interview with Ju... (Oct-12-2008)
  Lust for Leverage - The Economy, Debt, and the A... (Oct-5-2008)

Click one tag to see readings related specifically to that tag; click "Tags" to see all related readings
  
^ top
Add a comment    
  Follow the comments made here? 
  (Please log in or register free to follow comments)

  
^ top 
About author/contributor Member: peakmoment (Janaia Donaldson) peakmoment (Janaia Donaldson)
   Web site: http://www.peakmoment.tv

Member: peakmoment (Janaia Donaldson) Yuba Gals Independent Media production partners Robyn Mallgren and Janaia Donaldson have been producing local video programs for community access television since 2002.

The Yuba Gals live in rural Nevada City and their business is named for the nearby South Yuba River, a part of the Wild and Scenic river system in California. They live on 160 acres of forest land, in a 1500 square-foot off-grid home using about 10% of the electricity of the average American home (including home office). Their home is heated by a wood stove using deadfall wood from their property. Propane heats the cookstove, on-demand water heater and backup generator (needed only during gray-day periods in winter). Not yet energy independent, but moving in that direction!

Visit Green Wave Email Marketing
Email Marketing for You and Your Planet


We won a Gotham Green Award for 2010, on Earth Day! Thank you Gotham Networking for this award.

See the attractive event brochure.

Recommended Sites

  Member of:
GOtham Green networking
Green Collar Economy
New York Academy of Sciences
Shades of Green Network

  PlanetThoughts
     Members/Affiliates *

Approaching the Limits
    to Growth
EcoEarth.Info
Environmental News Network
EESI.org
GreenBiz.com
GreenHomeBuilding.com
Heroin and Cornflakes
NewScientist
ScienceDaily


* Members of PlanetThoughts      
  communities on SU or MBL,      
  and blog article affiliates      

  Other Favorite Blogs
21st Century Citizen
Center for Bio. Diversity
Easy Ways to Go Green
EcoGeek
Good Bags
Opposing Views


Valid my RSS feeds


We Do Follow

ClickBlog.org



  Volunteer      Terms of Use      Privacy Policy  

Copyright © 2020 PlanetThoughts.org. All Rights Reserved.
Except for blog items by David Alexander: Some Rights Reserved.