History reminds us that dictators and despots arise during times of severe economic crisis.
This rise of the new global mega-rich is happening as established institutions are falling. The fall runs the gamut from the music business and traditional media to the Detroit automakers who find themselves obsolete, outmaneuvered, and out-priced by entrepreneurs in Silicon Valley, Mumbai, Shanghai, and even Siberia.
Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.
I don't invest in ideas because ideas are a dime a dozen. I could steal the idea pretty quickly.
Critics only make you stronger. You have to look at what they are saying as feedback. Sometimes the feedback helps, and other times, it's just noise that can be a distraction.
Prophets of doom have always taken risks in terms of ridicule and humiliation. If you stand on a street corner holding up a sign that reads 'The End Is Near,' passersby will laugh and heckle. People will say you're like Chicken Little, running around telling people the sky is falling.
Face your fears and doubts, and new worlds will open to you.
Quitting is the easiest thing to do.
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
When times are bad is when the real entrepreneurs emerge.
All empires come to an end, and the American one is no exception.
The problem with being an employee or self-employed is you pay the highest taxes.
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.
The problem with real estate is that it's local. You have to understand the local market.
Gold is hoarded. It's estimated that 95 percent of all gold ever mined is still around.
Most people are happy being average. Most are happy being faceless in a sea of faces.
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.
A financial crisis is a great time for professional investors and a horrible time for average ones.
Financial freedom is available to those who learn about it and work for it.
Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.