- We reap what we sow in life - both on the individual level and corporate/national level.
- The little-known Austrian or classical economic model is the best economic model (see also Austrian School of Economics). According to Ron Paul, Austrian free-market economists use the following common sense principles:
- You cannot spend your way out of a recession.
- You cannot regulate the economy into oblivion and expect it to function.
- You cannot tax people and businesses to the point of near slavery and expect them to keep producing.
- You cannot create an abundance of money out of thin air without making all that paper worthless.
- The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever.
- You cannot live beyond your means indefinitely.
- The economy must actually produce something others are willing to buy.
- Most other models of economics (including the Keynesian model) are flawed, because:
- They encourage deficit spending so as to stimulate the economy.
The rich rules over the poor, and the borrower is servant to the lender. (Proverbs 22:7 NKJV)
- They encourage people and governments to pass on debt rather than wealth to the next generation.
A good man leaves an inheritance to his children's children. (Pr. 13:22a NKJV)
- They encourages people and governments to become wicked.
The wicked borrows and does not repay, but the righteous shows mercy and gives. (Psalm 37:21 NKJV)
- They promote dishonest money and stealing of wealth through the printing of fiat currency
Dishonest scales are an abomination to the Lord, but a just weight is His delight. (Proverbs 11:1)
- Commodities have good fundamentals, and their prices have been manipulated downward through high frequency trading (HFT) and derivatives.
- Stocks and the US dollar have been manipulated upward through HFT and derivatives.
- Wall Street naturally dislikes commodities, since it competes with them, so it tends to belittle them.
- The US dollar has been devalued so much due the excessive printing of paper not based on gold or silver, that unless a drastic reversal is enacted, it will be replaced at some point.
- Most mainstream media is controlled by elite bankers, who don't want the masses to know what's really going on.
- Central bankers hate gold and silver, because these expose the fraud of their fiat money.
- The best financial advice is from older men who care about small investors, who are not receiving commissions and who have a good track record for at least 10 years.