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September 10, 2009 at 10:18 PM #456191September 10, 2009 at 10:26 PM #455404Allan from FallbrookParticipant
[quote=briansd1]I pretty much agree with you guys above.
It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can’t repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.
In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can “mint” currency, whatever it happens to be at a given time.
If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.[/quote]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.
September 10, 2009 at 10:26 PM #455598Allan from FallbrookParticipant[quote=briansd1]I pretty much agree with you guys above.
It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can’t repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.
In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can “mint” currency, whatever it happens to be at a given time.
If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.[/quote]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.
September 10, 2009 at 10:26 PM #455937Allan from FallbrookParticipant[quote=briansd1]I pretty much agree with you guys above.
It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can’t repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.
In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can “mint” currency, whatever it happens to be at a given time.
If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.[/quote]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.
September 10, 2009 at 10:26 PM #456007Allan from FallbrookParticipant[quote=briansd1]I pretty much agree with you guys above.
It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can’t repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.
In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can “mint” currency, whatever it happens to be at a given time.
If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.[/quote]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.
September 10, 2009 at 10:26 PM #456200Allan from FallbrookParticipant[quote=briansd1]I pretty much agree with you guys above.
It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can’t repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.
In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can “mint” currency, whatever it happens to be at a given time.
If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.[/quote]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.
September 11, 2009 at 12:15 AM #455430briansd1Guest[quote=Allan from Fallbrook]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.[/quote]Yes, I’m aware that the Rothchilds became wildly rich through finance, leverage and political patronage.
But they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
—-
When I referred to owning hard assets, I meant it for those of us who don’t control the financial system and can be wiped out by sudden currency devaluation.
For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.
We had our own American Revolution but property rights were generally preserved overtime and we didn’t have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).
While I don’t see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.
Who knows if the US Dollar will be around for another 100 years?
September 11, 2009 at 12:15 AM #455625briansd1Guest[quote=Allan from Fallbrook]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.[/quote]Yes, I’m aware that the Rothchilds became wildly rich through finance, leverage and political patronage.
But they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
—-
When I referred to owning hard assets, I meant it for those of us who don’t control the financial system and can be wiped out by sudden currency devaluation.
For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.
We had our own American Revolution but property rights were generally preserved overtime and we didn’t have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).
While I don’t see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.
Who knows if the US Dollar will be around for another 100 years?
September 11, 2009 at 12:15 AM #455963briansd1Guest[quote=Allan from Fallbrook]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.[/quote]Yes, I’m aware that the Rothchilds became wildly rich through finance, leverage and political patronage.
But they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
—-
When I referred to owning hard assets, I meant it for those of us who don’t control the financial system and can be wiped out by sudden currency devaluation.
For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.
We had our own American Revolution but property rights were generally preserved overtime and we didn’t have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).
While I don’t see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.
Who knows if the US Dollar will be around for another 100 years?
September 11, 2009 at 12:15 AM #456036briansd1Guest[quote=Allan from Fallbrook]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.[/quote]Yes, I’m aware that the Rothchilds became wildly rich through finance, leverage and political patronage.
But they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
—-
When I referred to owning hard assets, I meant it for those of us who don’t control the financial system and can be wiped out by sudden currency devaluation.
For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.
We had our own American Revolution but property rights were generally preserved overtime and we didn’t have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).
While I don’t see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.
Who knows if the US Dollar will be around for another 100 years?
September 11, 2009 at 12:15 AM #456226briansd1Guest[quote=Allan from Fallbrook]
Brian: If you do a little research, you’ll find out how the Rothschilds really made their money, and it will surprise you. Not what you’re thinking at all. They’re detailed at length in Niall Ferguson’s “The Ascent of Money”.[/quote]Yes, I’m aware that the Rothchilds became wildly rich through finance, leverage and political patronage.
But they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
—-
When I referred to owning hard assets, I meant it for those of us who don’t control the financial system and can be wiped out by sudden currency devaluation.
For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.
We had our own American Revolution but property rights were generally preserved overtime and we didn’t have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).
While I don’t see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.
Who knows if the US Dollar will be around for another 100 years?
September 11, 2009 at 6:28 AM #455451blahblahblahParticipantBut they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
You’re missing it — they OWN the blue bloods of Europe and America. The real way to get rich is to:
1) Get governments to give you a license to make money out of nothing
2) Lend out the money you created from nothing (especially to governments) and collect the interest
3) Use the interest (your profit) to buy up real assets.
It is so simple the mind reels. They essentially own the planet.
As for buying hard assets, yes it can be a good strategy however since they control the currency, they can create inflation or deflation at will. They will inflate when it suits them and deflate when it suits them. If your timing matches theirs you can come out fine. If not, well that’s another story. As for determining what their intent at any given time is, remember the story of the Rothschild Waterloo coup. Everyone thought they were selling shares but they were secretly buying them much faster. These same games are going on today.
I’m sure there are other families involved but I don’t think there are very many. My guess is that the total number of people at the very top of the system is less than 1000.
September 11, 2009 at 6:28 AM #455644blahblahblahParticipantBut they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
You’re missing it — they OWN the blue bloods of Europe and America. The real way to get rich is to:
1) Get governments to give you a license to make money out of nothing
2) Lend out the money you created from nothing (especially to governments) and collect the interest
3) Use the interest (your profit) to buy up real assets.
It is so simple the mind reels. They essentially own the planet.
As for buying hard assets, yes it can be a good strategy however since they control the currency, they can create inflation or deflation at will. They will inflate when it suits them and deflate when it suits them. If your timing matches theirs you can come out fine. If not, well that’s another story. As for determining what their intent at any given time is, remember the story of the Rothschild Waterloo coup. Everyone thought they were selling shares but they were secretly buying them much faster. These same games are going on today.
I’m sure there are other families involved but I don’t think there are very many. My guess is that the total number of people at the very top of the system is less than 1000.
September 11, 2009 at 6:28 AM #455983blahblahblahParticipantBut they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
You’re missing it — they OWN the blue bloods of Europe and America. The real way to get rich is to:
1) Get governments to give you a license to make money out of nothing
2) Lend out the money you created from nothing (especially to governments) and collect the interest
3) Use the interest (your profit) to buy up real assets.
It is so simple the mind reels. They essentially own the planet.
As for buying hard assets, yes it can be a good strategy however since they control the currency, they can create inflation or deflation at will. They will inflate when it suits them and deflate when it suits them. If your timing matches theirs you can come out fine. If not, well that’s another story. As for determining what their intent at any given time is, remember the story of the Rothschild Waterloo coup. Everyone thought they were selling shares but they were secretly buying them much faster. These same games are going on today.
I’m sure there are other families involved but I don’t think there are very many. My guess is that the total number of people at the very top of the system is less than 1000.
September 11, 2009 at 6:28 AM #456056blahblahblahParticipantBut they secured their progeny’s place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc… Their standing is now up there with the blue bloods of Europe and America.
You’re missing it — they OWN the blue bloods of Europe and America. The real way to get rich is to:
1) Get governments to give you a license to make money out of nothing
2) Lend out the money you created from nothing (especially to governments) and collect the interest
3) Use the interest (your profit) to buy up real assets.
It is so simple the mind reels. They essentially own the planet.
As for buying hard assets, yes it can be a good strategy however since they control the currency, they can create inflation or deflation at will. They will inflate when it suits them and deflate when it suits them. If your timing matches theirs you can come out fine. If not, well that’s another story. As for determining what their intent at any given time is, remember the story of the Rothschild Waterloo coup. Everyone thought they were selling shares but they were secretly buying them much faster. These same games are going on today.
I’m sure there are other families involved but I don’t think there are very many. My guess is that the total number of people at the very top of the system is less than 1000.
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