Advice – Page 6 – Instant Coffee Wisdom

The Bank That Woody Built!

It’ll be the ‘DEBT’ of you!

the Bank That Woody Built

(This is the second of a two part article. For part one, read A FEDERAL CASE?)

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” ― Winston S. Churchill

The State Of The Union

Article II, Section 3 of the U.S. Constitution states that the president “shall from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such measures as he shall judge necessary and expedient.” The first two presidents, George Washington and John Adams presented this address in person. Thomas Jefferson the third US president felt that proclaiming the state of the nation personally to congress was akin to a king addressing his subjects. Since the Revolutionary War was about freedom from tyranny, the similarity bothered Jefferson. He began the tradition of mailing the written State of The Union address to congress so that they may read it at their leisure and study its contents to best determine how to serve the national interests. This tradition lasted for more than a century.

“I turn to matters of domestic concern. You already have under consideration a bill for the reform of our system of banking and currency, for which the country waits with impatience, as for something fundamental to its whole business life and necessary to set credit free from arbitrary and artificial restraints. I need not say how earnestly I hope for its early enactment into law. I take leave to beg that the whole energy and attention of the Senate be concentrated upon it till the matter is successfully disposed of. And yet I feel that the request is not needed-that the Members of that great House need no urging in this service to the country.”– Woodrow Wilson, State of the Union Address December 2nd 1913

Progressive Democrat Woodrow Wilson was the 28th president of the US. One of his many personal goals to ‘improve’ the nation was to reform the banking system, and to establish a federal income tax. Wilson was so passionate about establishing a new national banking system that he decided to ‘buck the system’ and personally deliver his State of The Union address in person. He was the first president to do so since John Adams in 1800. Wilson believed that his oratory skills would convince congress to pass the bank bill. Unfortunately for our nation, he succeeded. In addition to getting The Federal Reserve Act passed In 1913, the 16th Amendment to the constitution was also ratified that same year, permanently legalizing an income tax.

800px-fed_reserve

Over a century of financial slavery!

All banks in the USA are required by law to be members of the Federal Reserve Bank, according to the Federal Reserve Act of 1913. As members, they are required to own debt to the Federal Reserve Bank A.K.A. ‘The Fed’ . The Fed is a privately owned bank, owned by private stockholders, and NOT affiliated with the United States government in any way, except for the fact that the US government must own a certain amount of debt to The Fed, and that the US president must appoint a chairman to The Fed. Candidates on the list for consideration by the president have been hand-picked by The Fed, and he is required to choose ONE from that list. He can’t pick anyone not of the list. So, based upon the candidates offered he would choose whom he felt was the best qualified, even if no one on the list has any qualifications to speak of what-so-ever. If you’ve ever wondered why the president appointed a certain person to chair The Fed, and not someone else, it’s because he never really had the choice to choose anyone else in the first place.

To explain it better think of when in the Bible, Pontius Pilate presented Jesus and Barabbas to the crowd and asked them whom they wanted set free. In all four gospel accounts, Pilate lobbies for Jesus to be spared his eventual fate of execution, and acquiesces only when the crowd refuses to relent. Pilate tried to stack the deck in Jesus’ favor by putting him up against a known murderer and insurrectionist. This should have made the choice an obvious one. Yet, the crowd chose to free Barabbas over Jesus, whom Pilate was then forced to crucify, and the rest is history.

The Paper Trail

Banks make money through service charges and debt-loans, the latter ranging from unsecured personal loans and credit cards, up to various secured loans such as home, auto, or business. These loans are provided by the magic of fractional reserve banking. Banks are loaning out more money than they have based upon the premise that the debts owed will return more money overtime than the original amount financed, thus earning a return on the investment, or ROI.

Nearly the entirety of the money banks loan out has, in turn been ‘borrowed’ from the Federal Reserve Bank, which sells the debt to the smaller banks. As for any cash deposits that banks receive from its customers, they are required to retain a fraction of the deposit, and they can loan out the rest. All deposits are insured up to $250,000 per account, so even if the bank should become insolvent and fail, the Federal Reserve will make good on the deposit.

Where does The Fed get all this money that it ‘loans’ to banks?

dollar-1443244_960_720

Roll the presses!

The US dollar is really just a promissory note, printed by the US Mint for The Fed. It is not backed by any form of precious metal such as gold or silver. It is just backed by goods and services equal to its value. The Fed tells you that the paper note they had the US Mint print has value, but in reality it’s just a paper I.O.U. Without a hard currency standard fixing its rate, the dollar is susceptible to inflation when the costs of goods rise, devaluing the dollar requiring you to need more dollars to buy the same item when the price is raised. So this essentially worthless paper labeled as a ‘Federal Reserve Note’ is merely a tool, a place-holder that is exchanged for an item of value despite having no real value of its own, only the say-so of the Federal Reserve telling you that it’s worth a dollar. Whenever a member bank requires a loan from the Federal Reserve Bank, the Fed either orders the Mint to print more money to be shipped to the bank for its needs if physical bills are needed, or just adds a credit note to the ledger of debts owed. Like when a credit card issuer tells you your credit limit has been raised so you can spend more money you don’t have on things you don’t really need.

Think of it as ‘robbing Peter to pay Paul’. It’s a vast ponzi scheme that could collapse at any point. This is why runs on banks cause mass hysteria when large numbers of customers try to withdraw all their funds at the same time, and the bank doesn’t have enough physical money on hand to meet the demand because they are only required to keep a fraction of collected money in its vaults while the rest is loaned out, and interest is changed.

An even worse realization is that the US Government gets all of its money directly from taxes collected , and any budgetary shortfalls short falls are borrowed from the Fed, which charges the US government interest on the loans. When you control the currency of a nation, you control that nation. The borrower is slave to the lender!

As the amounts of debt owed by the government now exceeds $25 trillion dollars, the interest alone is greater than the total amount collected from all tax payers! National security not only applies to a border wall to prevent illegal immigration, or a strong military to defend us from potential enemies, it also applies to financial security. Only a fool spends more money than they earn. This is why budget cuts are not only needed, but MUST be allowed to happen. The country is broke, and if our loan is ever ‘called’ this nation is in serious trouble. As always, I wish you success and happiness!

A Federal Case?

What’s in a name?

(part one of a two-part series on The Federal Reserve Bank.)

a federal case

‘I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government; I mean an additional article taking from the Federal Government the power of borrowing.’– Thomas Jefferson, (from a letter sent to John Taylor on Nov. 26, 1798.)

When most Americans see the word ‘federal’ they automatically associate it with the US FEDERAL Government. By viewing the word as synonym instead of as an adjective, it has led to a confusion of meaning. Adjectives describe persons, places, or things, BUT describing something is not always the same as being something, and there are also subjective as well as objective descriptions which can be led by emotions verses facts. In a very broad example of what I mean, let’s consider the following example: Susie calls Bobby a lazy boy at a birthday party. Her season for the statement was because she didn’t care for the way he wrapped the birthday gift. Does this mean that Bobby IS lazy? Bystanders at the partying overhearing Susie’s statement quickly take sides, some agreeing with Susie, others standing up for Bobby. None of these emotional reactions are proof of the original subjective and possibly slanderous statement made by Susie against Bobby. Yet this seems to be the modern mindset in contemporary society. It’s like calling Trump supporters racists. If you FEEL someone is something, does that automatically make them that thing? If you hear someone else describe something, does that make it the same for you? While some things may be immutable, others can vary widely over time or circumstance, and change from person to person.

If you asked the average person in the USA if the Federal Reserve Bank is part of the Federal Government, they would more than likely say yes, and they would be absolutely wrong.

According to Collins Dictionary of English, the number one definition of Federal is:

Federal–of or formed by a compact; specif., designating or of a union of states, groups, etc. in which each member agrees to subordinate its governmental power to that of the central authority in certain specified common affairs.

The shipping company FedEx was originally called Federal Express before the company name was shortened in 2000 to its current moniker. The company was founded in 1971 by Frederick W. Smith and is currently the eight-largest private employer in the US. Mr. Smith chose the name because he believed the patriotic meaning associated with the word “federal” suggested an interest in nationwide economic activity. He also hoped the name would resonate with the Federal Reserve Bank, a potential customer.

The Federal Reserve Bank is NOT part of the US government.

The Federal Reserve Bank was the third attempt by representatives of the US Government to create a central banking system to oversee the nation’s financial needs. Unlike its predecessors, this current bank was NOT restricted by a twenty-year charter, and its many economic policies over the past century are directly responsible for the skyrocketing government debt which now exceeds $25.2 trillion. That amounts to over $81,000 per citizen, or $139,000+ per tax payer (Since not all citizens pay taxes.)

A bit of history

The First Bank Of The US

The first secretary of state, Alexander Hamilton was a great admirer of the Bank of England and was pressing President Washington to sign a bill creating the First Bank of the US. Washington had grave misgivings against signing the ‘bank bill’. Thomas Jefferson and James Madison were strongly opposed to the measure. Ultimately, after considering many opinions on the matter, and having decided that the bank bill was constitutional, Washington signed the bill into law on Feb 25th, 1790. The building for the newly created bank was built in Philadelphia in 1791. Twenty years later, In 1811, the U.S. Senate tied on a vote to renew the bank’s charter. Vice President George Clinton broke the tie and voted against renewal, killing the institution.

The Second Bank of the US

Modeled on Alexander Hamilton’s First Bank of the United States, the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817 managing twenty-five branch offices nationwide by 1832. President Andrew Jackson was the seventh president of the US, elected in 1829, was absolutely hated the bank, arguing that the bank was a corrupt institution which failed to produce a stable national currency, was unconstitutional, and was dangerous to American liberties. He managed to convince congress NOT to renew the charter for the bank in 1836. It folded in 1841.

A political cartoon from 1833 shows Jackson destroying the bank with his “Order for the Removal,” to the approval of the Uncle Sam like figure to the right, and the annoyance of the bank’s president, shown as the Devil himself.

1832bank1

“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good. “– Thomas A. Edison

The Federal Reserve Bank

The Federal Reserve Act was signed into law by President Wilson on December 23, 1913. It created and established the Federal Reserve System, the central banking system of the United States. It also gave the newly established system legal authority to issue Federal Reserve Notes (U.S. Dollar). The act had far reaching implications including the internationalization of the U.S. Dollar as a global currency.

Unfortunately the massive downside is that since its creation the Federal Reserve, (or sometimes just called the Fed) is directly responsible for the national debt, and the devaluation of the US dollar of 92%. The money the USA ‘borrows’ from the Fed is money that is ‘created’. They just order the mint to print more money. Then they charge interest on the created money. Currently the US can’t even afford to pay the interest on the money it’s loaned.

The fact of the matter is that the government NEEDS money to run, but it was no way to produce money. You can’t create prosperity by spending yourself into debt. Consider that over the next week, and come back next Sunday for part two of this long blog post on the Federal Reserve Bank. As Always, I wish you success and happiness!

FREE LUNCH?

Beware of wide-eyed loons!

freelunch

Exposing the dangers of wealth redistribution.

There is an old adage about ‘being too young to know any better.’ The average millennial was born after the collapse of the Soviet Union, and there are really only four true socialist nations following Marxist-Leninist principles remaining in the world today. They are:

the Laos People’s Democratic Republic
the People’s Republic of China
the Republic of Cuba
the Socialist Republic of Vietnam

I am not including countries that have multi-party systems where a socialist faction has taken control of the government like in like Venezuela or Greece.

There has been a dangerous trend among young people in the USA to idolize socialism as being morally and economically superior to capitalism. The vast sea of young idiots on campuses across the county have been duped by the unsubstantiated claims of ‘true equality’ which can be achieved by embracing socialism being spouted by the likes of newly elected NY state rep Alexandra Ocasio-Cortez, or Bernie Sanders, the failed presidential hopeful. For me, the truly amazing thing is that in the USA, more people than not possess powerful hand-held computers, AKA ‘smart-phones’, which could be used to research the truth behind these fictitious claims. Instead, these young empty-headed numbskulls use their ‘toys’ only to text, watch videos, or play game apps. When I was a young boy, we didn’t have smart-phones. You either learned the information to succeed in life, or you didn’t, and chose instead to blame others for your shortfalls.

The only place you’ll find success before work is in the English dictionary.

“In a country where the sole employer is the State, opposition means death by slow starvation. The old principle: who does not work shall not eat, has been replaced by a new one: who does not obey shall not eat.” – Leon Trotsky

Leon Trotsky was a Russian revolutionary, Marxist theorist, and Soviet politician. Despite helping create the Soviet Union during the October Revolution of 1917, he was exiled after the death of Vladimir Lenin 1924, and ultimately assonated under orders from Joseph Stalin in 1940.

To explain socialism in very simple terms, the Government owns EVERYTHING, and distributes it equally i.e, a re-distribution of wealth to insure fairness. Under such an assumption, if a man worked hard his entire life to save a million dollars, and he had 999,999 penniless neighbors, it would be just for the Government to seize his million dollars, and give everyone one dollar so they could all ‘share the wealth’ and all be poor together. Does that make sense? Where is the incentive to work if all my assets will be seized, and given freely to people who don’t work. Under such a ridiculous system, it would behoove me to not be productive and receive my ‘free’ dollar instead of working hard to earn a million dollars and being punished for being successful.

ocasio-cortez-flier

Socialism pretends that it can solve all of humanity’s problems by ensuring ‘equality’. Socialism only works by stealing from successful people, and giving it to lazy, stupid people because ‘they’ are ‘entitled’ to it. Only a wide-eyed loon would believe such non-sense. Recently the aforementioned NY State Rep. Alexandra Ocasio-Cortez proposed a 70% tax on the rich to fund her ‘free’ programs. This is the same woman who after winning her $174,000 a year job whined that she couldn’t afford an apartment in Washington D.C. How is she going to afford anything once she pays the $121,800 in taxes under her 70% rate? A better question to ask would be how much of MY money does the government feel actually belongs to me? Taxation is theft!

Free does sound good, but there is another old adage, ‘If it sounds too good to be true, it probably is a lie.’ There is no such thing as a free lunch. Socialism promises omelets for all, but only delivers broken eggs, and dead chickens.

Knowledge is power.

Capitalism by comparison, rewards the intelligent and hard-working with success and financial gain. Individuals own everything, not the Government. You get to own private property, such as housing complexes which you can rent out, business which create both goods and jobs. Quality and value are rewarded by the accumulation of capitol. Competition drives the successful to new heights while punishing those who can’t or won’t compete. If you’re stupid and lazy, you won’t go far in life. Free market capitalism is the number one system for building wealth. Socialism only creates poverty. Last year, President Trump was lambasted by both the liberal media and celebrities for referring to Haiti as a ‘Shit-hole country’. Haiti is one of the poorest nations on Earth, and is the poorest in the Western Hemisphere. Eighty percent of its citizens live in poverty, and live on under $1000 per year. Certainly doesn’t sound like a place where I would hang my hat. Beginning in December 1972, a stream of Haitian “boat people” fled the brutal Duvalier dictatorship in Haiti for the United States. Desperate Haitian refugees braved a dangerous 830 mile ocean trip to seek refuge in the USA, albeit illegally. Needless to say Cuba, a Socialist nation was only 250 miles from Haiti, and they passed right by it. If a socialist nation is such a great idea, why risk life and limb to travel over three times the distance to escape to the USA? Answer number one: Because The USA is better than Cuba. Answer number two, because Capitalism is better than Socialism. Answer number three, because we wouldn’t shoot them like the Cubans probably would.

Bottom line, if you want to be rich, work for it, and don’t take candy from strangers. The USA is a wonderful land of freedom and opportunity. If you feel the need to back political candidates who offer you ‘free stuff’, it’s because you lack the backbone to work for what you want in life. Don’t be the type of person who believes they are only entitled to the scraps someone else offers them. There is opportunity everywhere in this country as long as you are willing to work for it, because fortune favors the bold. Like Napoleon Hill once wrote, “THINK AND GROW RICH”. As Always I wish you success and happiness.

Time for a do-over?

Reset the clock!

time for a do-over

“Clocks are made by men, God creates time. No man can prolong his allotted hours, he can only live them to the fullest – in this world or in the Twilight Zone.” — Rod Serling

Welcome to the first week of the New Year, 2019. There was no blog post last week for the first time since the inception of http://www.InstantCoffeeWisdom.com back in September of 2017. I felt it was appropriate to schedule a break over the Christmas/New Year’s holiday period. Today is Sunday, January 6th. Some Christians still refer to this day as Epiphany, or the Twelfth-Day, commemorating the manifestation of Christ to the gentiles in the persons of the Magi. In a few countries around the world, it is almost as big a celebration as Christmas Day itself. Here in the USA, not so much. Epiphany spelled with a lowercase ‘e’ is also a word to describe a sudden, intuitive perception of or insight into the reality or essential meaning of something, usually initiated by some simple, homely, or commonplace occurrence or experience. There is nothing more commonplace then the annual changing of the calendar, and the start of the new year. It is a do-over, a time for new beginning and a fresh start as we lay the past to rest.

“The place is here…the time is now…and the journey into the shadows that we’re about to watch could be our journey…” —Rod Serling’s opening narration to The Twilight Zone’s pilot episode, “Where is Everybody?,” October 2, 1959

For the past twenty years in the USA, the cable TV SYFY channel (originally called Sci-Fi) has celebrated New Year’s Eve by broadcasting a Twilight Zone marathon. This classic television program from October 2, 1959 through June 19, 1964 depicted weekly tales of bizarre, supernatural occurrences and the effects of such on an ever-changing cast of characters. The show has been revived several times and a new version is in the works. The title of the show is so recognizable that it has become a colloquial term to describe any bizarre or ludicrous situation or behavior that rears its ugly head to cause chaos or havoc.

Sometimes things really do happen which are beyond our control. But only sometimes. Often we bring these unfortunate things upon our on heads due to poor planning, stupidity, and/or laziness. No one ever promised that life would be easy, or fair, but it is worth it, and there are countless opportunities to reset the clock, and begin anew. The key is both to learn from our mistakes and to not quit. Quitters never win, and winners never quit.

Perception is the lens which defines our reality.

Are things really as bad as we ‘think’ they are? Or do we make our situations far worse by convincing ourselves as we bemoan our circumstances? One surefire way to determine progress is to diligently keep track of the pertinent data, and recording your findings on a regular schedule, then track the records by journals or charts. As negative trends emerge, you will become aware of them early on and be able to correct the course before you sail into dangerous waters. As this is still just the first week of the new year, there is still time to run out and buy a calendar/planner book for you to chart your progress throughout the new year. I do this religiously every year, and have been doing so for most of my adult life. Keeping records and tracking progress has been instrumental in keeping a positive outlook, and propelled me further on the path of success, keeping miles ahead of The Marching Morons.

There are many people in media who keep informing us about how terrible the US financial markets were in 2018, and how 2018 was the worst year for the market in eleven years, and that is was the worst December since The Great Depression of 1931. Yes, I too reported a SLIGHT loss in my net-worth for 2018. (4.7%) If I offset my loss by my gains of the last decade, it is nearly non-existent, a mere pittance. So tell me Great Kreskin, what does 2018 predict for 2019? Only a fool would bet against the mighty economy of this country.

How do you eat an elephant?

The elephant is the largest animal on land. There’s an old saying. ‘How do you eat an elephant?’ The answer is ‘One bite at a time’ . Sometime we have grand ambitions and lofty goals. The key to accomplishing these lay in proper planning and by breaking down the larger parts of the goal into smaller, more manageable sub-goals. The original task in its entirety may seem overwhelming, but by breaking it down into smaller, more manageable jobs, you can slowly accomplish the big picture, while bolstered by noticeable progress as you tick-off boxes on your to-do list. Again, as this is THE FIRST WEEK OF 2019, There is still time to plan out your goals and sub-goals by week, month, and quarter. You have an entire new year to improve various aspects of your life. Some goals can be worked on simultaneously, as they may complement one another if done in tandem. One example of tandem goals is the two-fold goal of eating healthier, and exercising. Both work best when done together. When you complete your goals, mark then down. Successful people work from lists and write things down! Don’t be afraid to start small, Rome wasn’t built in a day. The most important part is to START. Just keep your goals clear and measurable, and write them down. Set reminders on your phone or calendar planner book. Enlist the help of friends as ‘accountability buddies’ if you need to. Begin at the beginning, and repeat to completion! You got this in the bag!

Which way to the front?

We were all newbies once, so we’ve all experienced the uncertainty of where to begin. Here’s a few self-improvement suggestions for helping to jog your journey to a ‘new and improved’ you.

Drink a liter of water every day, and eliminate soda. (water good, soda bad!)
Exercise.
Cut out meat for one meal a week. (Better yet, become a vegetarian like me)
Eat a cup of veggies at lunch and dinner.
Go to bed before 10 P.M. (Early to bed, early to rise, makes a man healthy, wealthy, and wise.)
Start a budget
STOP USING YOUR CREDIT CARDS! (Go cash only, if possible.)
Save 20% of every paycheck.
Take ‘The 52-week Challenge’!
Get 30 minutes of ‘ME-TIME’ every day.
KILL YOUR TELEVISION
Limit internet/social media usage.
Discover a podcast
Read one chapter of a book 3 times a week.
Read the Bible. (God is good, always!)

Start today, and before you know it, you’ll have developed good habits that will eventually add up to a fresh new you! As always I wish you success and happiness!

A Polar Bear Market?

Can Santa tame the beast?

A POLAR BEAR MARKET

2018 has been a financial roller-coaster. Essentially, after a fantastic start, the financial markets had two corrections in one year before entering bear territory in what has been the worst December for the markets since 2011. With one shortened trading week and a day next week left, it is unlikely that the markets will close in the black this year. For nervous investors, this has been a financial heart-attack. The Dow is still in correction but poised to potentially enter a bear market, as is the S&P 500 which has reported that over 60% of its member companies are bleeding red. On Friday, the Nasdaq Composite confirmed that it is officially in a bear market for the first time since 2008.

A very important thing to remember is that despite the negative financial press, the market is still up compared to where it was two years ago. in fact, before the Dow hit its record in January, it had set 96 new record closing highs since the 2016 presidential election.

Date	Jan 3	Jan 4	Jan 5	Jan 9	Jan 11
Close	24,922.68	25,075.13	25,295.87	25,385.80	25,574.73

Date	Jan 12	Jan 17	Jan 22	Jan 24	Jan 25
Close	25,803.19	26,115.65	26,214.60	26,252.12	26,392.79

Date	Jan 26	Sep 20	Sep 21	Oct 2	Oct 3
Close	26,616.71	26,656.98	26,743.50	26,773.94	26,828.39

In all, the Dow Jones set 15 record closing records in 2018, and has had over 111 new record closing highs since Donald J. Trump was elected President in 2016. As of the close of business on Friday December 21st 2018, the 52 week high-low range for the DOW was 22,396.34 – 26,951.81 .

For comparison let’s look at the closing numbers of all three US stock indexes for the same day of December from 2016 to 2018

INDEX	Dec 21st 2016	Dec 21st 2017	Dec 21st 2018
DOW	19,941.96	24,782.29	22,445.37
S&P	2,265.18	2,684.57	2,416.62
Nasdaq	5,471.43	6,965.36	6,332.99

Consulting the data in the chart above shows that although we show financial losses over the past 52 weeks, the gap between the losses is not as great as the peaks and valleys of the highs and lows experienced in 2018, and if you go back another year to 2016, we are way ahead of where we are now vs. then.

This is why people who panic and pull their funds out of the market every time they hear a negative financial report lose money. This is why it is important to keep records, and focus on the big picture instead of reacting to every negative tidbit that we overhear. If you would have pulled all your money out of the market on December 21st 2016, and put in it a jar under your bed, you would have LOST money. Likewise, when the markets re-bounded in October, had you moved your funds out of the market, you could have locked in gains. As I am an optimist and felt the market would rise even higher in December, I rolled the dice and got craps. Despite this, I have still NOT LOST MONEY, because I am still invested in the market, and the market will rebound again, in time. You cannot time the market. Statistics have proven that attempting to time the market’s highs and lows do not provided as high a return as staying the course and playing the long game. One of the best books I have read on this topic is Unshakeable by Tony Robbins. Market panics are often caused by fools that don’t really know what they are doing. Knowledge is power and the more you read and retain, the greater your potential for success in life. All of the information that I have read indicates that the Dow will hit 30,000 by the end of Trump’s first term, and will hit 50,000 at the end of his second term when he wins re-election in 2020. Make no bones about it, if President Trump does not get re-elected in 2020, it would be a financial disaster for the USA. In the history of the Dow Jones Industrial Average, 10 of the 20 best single-day gains occurred so far under his administration. No other US president has done better.

03/26/18 +669
11/28/18 +618
02/06/18 +567
10/16/18 +548
11/07/18 +545
03/09/18 +441
10/30/18 +432
04/10/18 +429
02/08/18 +330
04/04/18 +230

I understand that there is a sizable percentage of the population that has been misled into thinking that Donald Trump is bad for America. The majority of successful people would tend to disagree because President Trump is good for business, and business is what drives our economy and creates jobs. I did not become rich by accident, or because I won the lottery, or received an inheritance. I worked hard, studied, and invested my money. I am a life-long Republican and support president Trump 100%. You can choose to love the president like I do, or you can continue to sit in your negative echo-chamber and sulk like some Grinch.

GRINCH

We are responsible for the choices we make in life, and it is a hard thing to change our mind about long-held beliefs. No one is keeping you from succeeding in life except yourself. Not God, not your parents, not president Trump. You! You are the architect of your own happiness or misery, and as long as you have air in your lungs, you have the potential to change your life for the better. You can do it, I believe in you!

InstantCoffeeWisdom.com will return on Sunday, January 6th 2019. Merry Christmas and Happy New Year! As Always, I wish you success and happiness!

Fruitcake! Oh, you shouldn’t have!

Making the case for giftcards.

Fruitcake

Christmas is the most wonderful time of the year according to numerous cards, songs, and movies. For some people the holidays are filled with stress as they obsess over various topics some of which are related to the practice of gift giving. ‘Tis the season to go broke for many people who go way over-budget on holiday spending. Unfortunately, many times we end up giving some people on our lists ‘the perfect gift’ which ends up being something they wouldn’t have purchased for themselves ever, even if it was on sale 95% off, and they had just received a huge Christmas bonus in their paycheck. Everyone has different tastes, and some people are just impossible to buy presents for.

To top it all off, It’s probably also impossible to get gifts for our entire family, as well as every friend you know. So we agonize over who gets a gift and who doesn’t.

“You’ll Shoot Your Eye Out, Kid!”

In the 1983 film ‘A Christmas Story’, a young boy named Ralphie obsesses over the only gift he wants for Christmas, a Red Rider BB gun. Everyone he tells this to, including the mall Santa, admonishes him that he’ll shoot his eye out. It’s a silly movie, and a little fun. I’ve watched it and at least one cable channel TNT shows the movie on a continuous loop each Christmas, but it’s no ‘It’s A Wonderful Life’. Now life seen through the eyes of a child are very different from the view of an adult. When we were kids, our parents were probably the only ones who knew what we wanted for Christmas, and as children our lives were over if ‘Santa’ failed to deliverer the coveted item. I’ll be the first to admit that I was a spoiled brat as a child and cried when I got sensible presents like socks and a warm coat. Now as a grown up, I want what ‘I want’, and sometimes I get an undesirable gift. It’s disappointing, but it’s not the end of the world.

The gift that keeps getting given.

One ‘option’ that we as adults have adopted to deal with the unwelcome gift is the practice of ‘re-gifting’. Re-gifting in and of itself is not a bad thing, but it can backfire. Whenever you re-gift, make sure it’s not in the same circle of friends, and NEVER EVER EVER re-gift within your family. You don’t want to give the fruitcake ‘Aunt Francis’ gave you, to ‘Uncle Billy’. Also make absolutely certain that there is no tag or personal note anywhere in the gift that identifies it as a ‘re-gift’. Think of these ‘twice-given’ gifts as recycling, and as a way of being thrifty. Just because you don’t want it doesn’t mean someone else wouldn’t appreciate it. If it’s something that you absolutely ‘hate’ keep in mind that re-gifting a despised item may elicit the same reaction in the receiver as it did you. If they in turn re-gift the gift, it might end up coming back to haunt you, like the Ghost of Christmas Past, or that infamous fruitcake that seems to be the same fruitcake that has been around, and around, and around.

Paper or plastic?

Cash is king, but some people still think of cash as an impersonal gift. Sticking bills in a envelope is probably the easiest gift you can wrap. The other option is the gift card. Like cash, a gift card enables you to give a gift that the recipient ACTUALLY wants, as opposed to what you think would be perfect for them. Gift cards have come a long way from the days of the paper gift certificate. Some of today’s gift cards (BUT NOT ALL) can even be purchased by credit card. Some gift cards are VISA/Mastercard ‘money cards’ and are good at any merchant. Store cards are good only at that store. You can’t use a Burger King gift card at McDonald’s. As a result gift cards are now the most popular Christmas gifts among adults, and are also the most easily ‘re-giftable’ gift, second only to cash.

Children don’t understand the economics of Christmas. For them, it’s all about the toys. For adults, it not about what’s under the tree, it’s who is around it that really matters. Money is a renewable resource, but people are finite and when we’re gone, we are gone. So as we head into the final days of the Christmas season, keep it simple and remember that it’s the thought that counts. As always, I wish you success and happiness!

Is It Legit?

Beware ‘professional ‘ beggars.

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He who is generous will be blessed, For he gives some of his food to the poor. Proverbs 22:9

The United States of America is the wealthiest nation in the history of the world, and more charitable donations per capita flow from the US than from other nations. As a country we are blessed with both the largest percentages of Christians and millionaires. These two groups donate more money to charities than any other according to numerous reports. Because of this abundance of wealth, there are numerous scam artists who prey upon the charity and good will of the generous by flipping the script to take advantage.

Earlier this year, you may have heard this heartwarming story in the national news media about this poor woman who was trying to make it home, but her car broke down when it ran out of gas on I-95 outside of Philly. A homeless vet gave her $20, enabling her to get the much needed petrol for her car. In gratitude, her and her boyfriend befriended the man and set up an online GoFundMe donation account to help this wonderful homeless veteran. As the story went viral, donations poured in and the account grew to more than $400,000. A wonderful story.

gofundme-controversy

Except that’s all it was, a story. The entire account was a fiction, and all three parties were involved in the scam. The vet was indeed homeless, but the couple Mark D’Amico and Kate McClure, conspired with homeless man Johnny Bobbitt and solicited his help as the face of their campaign. The plan backfired when the amounts received from good-hearted donors spiraled out of control. Greed over the size of the split of the ill-gotten gains is what ultimately undid the trio. Bobbit felt all the money belonged to him, as he was really homeless. Mastermind Mark D’Amico believed Bobbit was only entitled to a portion of the money, so Johnny Bobbitt got a lawyer and sued. As a result of the legal action and the resulting media attention on the high-profile case, the elaborate plot unraveled and all three were jailed and charged with theft by deception. GoFundMe has agreed to refund the donations collected.

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“There are eight million stories in the naked city. This has been one of them.”

The Naked City was a TV crime drama broadcast from 1959-1963 and based on a 1948 film of the same name. Each episode ended with the iconic line about the eight million stories, a reference to the location, set in New York City, and implying that everyone has a story to tell. As I stated before, the USA is the land of plenty, and we do have homeless and poor, but no one staves in this country except by choice, or by malice. There has never been a famine our country, but there are many stupid people who make bad decisions and then want to blame others for their misfortune, or at least make them feel bad. It reminds me of a biblical account of a famine in ancient Samaria found in the second book of Kings.

2 Kings 6:26-30

²⁶As the king of Israel was passing by on the wall, a woman cried to him, “Help me, my lord the king!”

²⁷The king replied, “If the Lord does not help you, where can I get help for you? From the threshing floor? From the winepress?” ²⁸Then he asked her, “What’s the matter?”

She answered, “This woman said to me, ‘Give up your son so we may eat him today, and tomorrow we’ll eat my son.’ ²⁹So we cooked my son and ate him. The next day I said to her, ‘Give up your son so we may eat him,’ but she had hidden him.”

³⁰When the king heard the woman’s words, he tore his robes. As he went along the wall, the people looked, and they saw that, under his robes, he had sackcloth on his body.

That’s a pretty terrible tale, but it points out poor decision skills, taking advantage of both stupidity and of wealth, and while you feel sympathetic for the victims there are some people that just can’t be helped. It’s not totally clear exactly what type of help the woman is soliciting, but it is implied that she is seeking justice against the woman who scammed her.

Jesus said we will always have the poor among us. I’m not into the so-called ‘Prosperity Gospel’ which preaches that God wants us to be rich and successful, because by becoming wealthy we are in a much better position to help others. There is some truth in this logic, but remember that even the Devil can quote scripture and twist it’s meaning to suit his purposes. There’s a scam out there for every legitimate cause, and they prey upon your sympathy. A ‘church by mail’ called Saint Mathews Churches of Tulsa OK is one such scam that sends out mailings splattered with scriptures and religious iconography promising great blessings in return for ‘seed offerings’. Some televangelists also fall into this category.

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Sometimes it’s hard to separate ‘the wheat from the chaff’. Sometimes it’s impossible, so don’t feel bad if you gave in error to a fake one. Live and learn, and move on. Good people want to help others, and every organization needs SOME funding for its own overhead. Some organizations are just ‘squeaky wheels’ that exist to cry for donations while little of the funds reach their intended targets. I’m a firm believer in supporting LOCAL organizations. The best nation-wide charities like The Salvation Army https://www.salvationarmyusa.org or Toys For Tots https://www.toysfortots.org can get by on a minimal razor-thin operating budget and have LOCAL offices that cater to the LOCAL community.

If you have any concerns about a charity, you can see how they rank up to similar charities by using the https://www.charitynavigator.org/ website. Charity Navigator is the largest and most-utilized evaluator of charities in the United States providing data on 1.8 million nonprofits.

This doesn’t mean that every need has an accredited 501-c charity that exists to back it. Sometimes, legitimate needs do ‘pop-up’ unexpectedly, due to tragedy or stupidity, or both. Many of these hard luck cases turn to GoFundMe.com There are many true needs out there that need to be met, but like the couple and the vet who scammed over $400,000 some of these ‘needs’ might be fake. Whenever you donate money, never donate more than you can afford to, never feel bad if you have to say ‘no’, and never, ever, EVER donate money if you feel like you are being FORCED to give. Extortion is just as illegal as theft by deception. I have heard of people who used GoFundMe to raise funds for funerals, medical expenses, and because they lost their home in a fire. I once even donated money to a homeless Superman impersonator who had been mugged, had his teeth knocked out, and was robbed of his cape and super-suit. I have also heard of people who used GoFundME because they felt they were entitled to lots of money for their upcoming birthday, or who needed rent money because ‘they just didn’t have it’. Sometimes bad things happen to good people. Sometimes people are just stupid and make bad decisions. All things come from God and you are the steward of the riches He has bestowed upon you. How you choose to distribute from your bounty is a matter of your heart, and only God can judge you because He knows the truth behind ever human heart. As always, I wish you success and happiness.

The Squeaky Wheel?

Choosing the ‘right’ hand over the left!

There’s an old saying, “The squeaky wheel gets the grease.” which means the problems that make the loudest noise are the ones which get our immediate attention. Whereas this may be the case in some situations, it does not always apply to every instance. This is where discernment is important, especially when it comes to donations and charitable giving. The world is a big place filled with countless problems which impact various people at different times in their lives. Everyone has some problem at some point, whether it is evident or not.

You may also be familiar with another saying, “there, but for the grace of God, go I.” which is a phrase of humility acknowledging that one might be in the same situation were it not for some divine intervention in our upbringing. If you were lucky to be born in the USA, you enjoy many freedoms and opportunities not afforded to those in other counties around the world. If you were born in the 20th or 21st century, your life is radically different from someone born in the first century. Times change, but people are still people and we cannot ever truly and completely know the motives of another person, only God knows.

‘ The heart is deceitful above all things, and desperately wicked: who can know it? I the LORD search the heart, I try the reins, even to give every man according to his ways, and according to the fruit of his doings. ‘ Jeremiah 17:9-10

Trust in the LORD with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge him, and he shall direct thy paths. Proverbs 3: 5-6

I gave at the office…

I am not perfect, no one is, but I try to be good and do the right things in every situation. I donate on a regular basis to several worthy charities which I feel efficiently and effectively disseminate the largest possible percentage of my donations to the neediest of individuals. I can NEVER humanly know for certain if one person who benefited from my charity was more worthy than another, I can only HOPE and leave it in God’s hands. If a benevolent organization uses the lion’s share of contributions collected to cover salary and other overhead, they are still doing ‘some’ good, but there might be different organizations that are better stewards. This is why it’s important to research charities before blindly donating. There is much need in the world and there are many organizations for every cause that have duplications of their target recipients. No matter how good you might be at doing your job, there is always someone, somewhere who given the opportunity could do it better, and this also applies to charities.

Every year, the local union at my place of employment sponsors a local needy family at Christmastime. The union officials frequently encourage employees to donate to support the ‘Christmas Family’. It’s a good thing, but I do not contribute, not because I am uncaring, but because I already donate substantially to other organizations that fill a similar role . One year, a union official came to my desk asking for donations, and when I declined, he asked ‘Don’t you have a heart?’ This upset me greatly, and the next day I called him on the carpet in front of the boss brandishing a stack of receipts of donations I had made to various other organizations. I made him look bad, and he did apologize, but I could have just ‘let it go’ and ignored the slight. Like I said, I’m not perfect. A successful person admits his mistakes and learns from them. Next time I will handle things better.

“Do all the good you can,
By all the means you can,
In all the ways you can,
In all the places you can,
At all the times you can,
To all the people you can,
As long as ever you can.” – John Wesley co-founder of Methodism

Tightfisted vs. ‘Tithe-fisted’

Tightfisted means being cheap, the idea of clenching your money tightly in your hand so that it can’t be pried away.

“Tithe” means a tenth or 10 percent. The tithing system described in the Bible was designed specifically to meet the needs of the religious, economic and political system of ancient Israel. Each of the twelve tribes of Israel, except the tribe of Levi, initially received an allotment of land in the promised land of Canaan. The Levites were assistants to Israel’s priests and were supported by a tithe offering from other eleven tribes. All families of those eleven tribes were to give a tenth of all produce, flocks, and cattle to the Levites. In turn, the Levites were to give a tenth of that to support the priests (Leviticus 27:30-33, Numbers 18:21-28).

Tithes were also used to meet the needs of foreigners, orphans and widows. (Deuteronomy 26:12-13)

In addition, everyone was to be generous with those in need:

If there is a poor man among your brothers in any of the towns of the land that the LORD your God is giving you, do not be hardhearted or tightfisted toward your poor brother. Rather be openhanded and freely lend him whatever he needs. (NIV, Deuteronomy 15:7-8)

The Bible does urge us to be generous with our wealth and time. However, any claim that wealth, health, good fortune or other blessings will come as a result of a donation should be looked at with suspicion. Likewise never feel guilty if you must say ‘no’ due to honest circumstances. God knows your heart. Giving should be done hilariously, or with a great joy. Even if you’re in no position to make a financial contribution, but still wish to serve in some capacity, perhaps you can do volunteer work.

If you’re uncertain about the effectiveness of a charitable organization, and want to check them out to see how they rank against other similar organizations, a handy website is Charity Navigator. https://www.charitynavigator.org/

Remember the world is a big place with much poverty, you will never be able to help everyone, and there will always be needy. You should take care of your family, friends, and other people who live close to you before helping people who are living further away or in another country. Do what you can, when you can, and do it with a glad heart. As always, I wish you success and happiness.

Brother, Can You Spare A Dime?

A handout or a hand up?

brother can you spare a dime

A popular song from 1930 was ‘Brother, can you spare a dime?’ sung by Bing Crosby. During the Great Depression, many Americans were down on their luck and struggling to make ends meet. (The ‘Fellow American down on his luck’ was later personified by Humphrey Bogart in the film The Treasure of the Sierra Madre 1948, later spoofed in the 1950 Bugs Bunny cartoon short 8-Ball Bunny.) A dime doesn’t seem like a lot of money, but when you get enough of them they do add up. It was probably a combination of this song on the radio, and the movie newsreel serial THE MARCH OF TIME that inspired Eddie Cantor to coin the phrase ‘The March Of Dimes’ to help raise donations for Franklin D. Roosevelt in 1938, for his National Foundation for Infantile Paralysis, to combat polio. The catch phrase eventually replaced the clunky name of the foundation, which has been know as The March Of Dimes ever since. The poorly run charity still exists today despite the near extinction of polio, having changed its mission to fighting birth defects. More than 80% of funds collected go towards overhead, and the CEO of the charity is paid over $500,000 annually. What started out as a good intention morphed into a bureaucratic nightmare that doesn’t seem to help anyone except the staff.

The American Dream vs. the Welfare State.

Americans are guaranteed the inalienable rights of life, liberty, and the pursuit of happiness. Nowhere in the US Constitution is it listed as being the job of the government to provide any form of social welfare assistance, cradle to grave healthcare, cheap housing, free phones, or free food.

Following the stock market crash of 1929 and the resulting Great Depression, certain well-intentioned government officials began creating the modern welfare state that exists in our country today. The Social Security Act was signed into law by President Roosevelt on August 14, 1935. The WPA, Works Progress Administration, put unemployed and unskilled Americans to work in return for temporary financial assistance from 1939 to 1943. For four years during the Depression, the first Food Stamp Program fed 20 million people at one time or another in nearly half of the total counties in the nation. Food stamps were eliminated in 1943, but in 1961 they were revived when President Kennedy signed his first executive order bringing back the program. Food stamps would also eventually be re-branded as SNAP, a Supplemental Nutritional Assistance Program, with benefits being distributed electronically on a EBT card to reduce ‘social stigma’.

Government entitlement programs account for more than half of the national budget. Whenever we reduce taxes, we also have to make corresponding cuts to the budget, and associated entitlement programs. The problem is there is a large portion of the population that has become entirely dependent upon the existence of those same entitlement programs which must be eliminated. Ever since President Franklin Delano Roosevelt offered Americans his New Deal, the cornerstone of the Democrat political party platform has been to eliminate poverty through widespread, government social welfare programs. As a result of the created dependency generated from these same welfare programs, poverty has actually increased while the Federal budget deficit has skyrocketed. We have also created generational welfare dependency with children living in the same housing projects on public assistance as their parents and grandparents. It is impossible to eliminate poverty, and believing that poverty can be eliminated amounts to calling Jesus Christ a liar.

“The poor you will always have with you, but you will not always have Me.”– Jesus Christ, The Bible written in John 12:8, Mark 14:7, and also Matthew 26:11

Charity begins at home.

“With great power there must also come — great responsibility!” —Stan Lee

Besides being God, Jesus Christ was a rabbi, or teacher. By speaking that the poor will always be among us, He brings to mind other scripture verse.

“If among you, one of your brothers should become poor, in any of your towns within your land that the Lord your God is giving you, you shall not harden your heart or shut your hand against your poor brother, but you shall open your hand to him and lend him sufficient for his need, whatever it may be…For the poor you will always have with you in the land. Therefore I command you, ‘You shall open wide your hand to your brother, to the needy and to the poor, in your land.’” (Deut 15:7-11)

Before the government social welfare reforms of the twentieth century were instituted, taking care of the poor was largely a function of the Christian Church. Churches had ‘poor boxes’ with the donations collected destined directly for the poor. Even today, churches provide free meals, food pantries, and other donations for the poor. As Christians living in the most prosperous country in history of the world, it is OUR responsibility to pass on our blessings as we have been blessed. With all the opportunity and freedom abundant in the United States, there really is no reason to be poor unless we choose to be. According to motivational expert Brian Tracy, “The sad fact is that people are poor because they have not yet decided to be rich. People are overweight and unfit because they have not yet decided to be thin and fit. People are inefficient time wasters because they haven’t yet decided to be highly productive in everything they do.”

I grew up poor, both my father and step-father died when I was a young boy. My mother never worked to better herself and always relied upon social welfare programs. As a result, I grew up in a roach-infested apartment in NYC, eating Government cheese, getting food with food stamps, and eating free meals at school. My mother died in the same poverty she chose to embrace, but I made a vow long ago to never be poor when I was an adult. Success is always present, but never given, you have to work for it if you really want it. Doing so places you in a position to help the less fortunate, offering a hand up instead of a handout. There are many worthy charities for every sketchy one that claims to help the poor, and if you do your research, by separating the wheat from the chaff your donations will do the most good. A good rule of thumb is to focus locally and give what you are able to give freely and gladly. You should take care of your family, friends, and other people who live close to you before helping people who are living further away or in another country. If every Christian in the USA did their fair share, there would be no need for government welfare programs. As always, I wish you success and happiness.

YOU SAVED HOW MUCH?

Are ‘Black Friday’ deals really worth all the hassle?

you saved how much

In the USA, the day after Thanksgiving has been referred to as ‘Black Friday’ for over fifty years. It marks the unofficial beginning of the Christmas Shopping season. The shopping extravaganza grew out of a series of slightly connected events that fed off one another resulting in the shopping nightmare we deal with today. I don’t know about you, but I avoid the stores that entire weekend.

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Blame Canada!

In 1869, Timothy Eaton opened his first department store in Toronto Canada. The T. Eaton & Company Importers quickly prospered, ultimately billing itself as Canada’s Greatest Store and at one time was even considered the most successful department store in the world. What does this have to do with the USA and Black Friday?

On December 2, 1905 Eaton’s held the first of its annual Christmas Parades. These holiday events grew increasingly both in scale and popularity. A couple of decades later, the parade captured the attention of the CEOs of BOTH Macy’s Department Store and Gimbles. The first Thanksgiving Day parade in the USA held in 1920 was sponsored by Gimbels department store in Philadelphia PA. In NYC a few years later on Thanksgiving Day 1924, the First Macy’s Thanksgiving Parade had an audience of over 250,000 people. The Parade ended with Santa Clause being welcomed to Herald Square and escorted to this throne at Macy’s. The parade was such a success that Macy’s declared it would become an annual event. Philly may have been the flagship location for Gimbles, but they ALSO had a location at Herald Square across from Macy’s and were not amused by the imitation. The competition for Christmas shopping between Macy’s and Gimbles Department stores was legendary and became the back story of the 1947 Christmas movie Miracle on 34th Street. (By the 1950’s the Eaton’s Christmas Parade was still the largest in North America, but now that honor rests solely with Macy’s.)

Other US cites also hold local parades, but none can match the scale of the NYC Macy’s Day Parade. The resulting foot traffic from these crowds meant extra business for any retailers lucky enough to be in the vicinity. In the 1950’s in Philadelphia PA, the police started referring to the Friday after Thanksgiving as A Black Friday, black meaning very bad. Between the crowds for the Thanksgiving Parade, and the Saturday Army vs. Navy football game, the crowds in the city were a nightmare, and police were working 12 hour shifts for crowd control. The holiday foot traffic kept growing and soon retailers began running special sales to entice shoppers to make impulse purchases.

By 1961, retailers regarded Black Friday as a good thing because the increased sales revenue meant their accounts were ‘in the black’. In traditional accounting, positive income is entered into a ledger with black ink, while negative debits are recorded in red. When you balance the books, you want the bottom total line to be black, showing a positive balance. If it’s red, you’re in debt, and possibly in deep trouble.

It is estimated that Black Friday sales account for 50% of the Christmas sales, and that Christmas sales in general account for half of the total annual sales of retailers. This is now the reason for all the special Christmas prices we tend to see at this time of year as merchants try to relieve us of our hard-earned cash. This is why you also see seasonal ‘pop-up’ kiosk stores in malls selling all manner of gimmicky impulse items. Christmas and Black Friday are BIG BUSINESS!

cyber

Cyberman, Cyberman, does whatever a cyber can.

The term “Cyber Monday” was created by marketing companies to persuade people to shop online. The term was coined by Ellen Davis and Scott Silverman, and made its debut on November 28, 2005. The idea behind Cyber Monday was to convince people that better deals could be found online IF you were willing to wait a couple of days. In the 21st century, the traditional retail model has been evolving. There has been a shift towards online purchases which has resulted in the death of many brick and mortar stores.

Gimbles went out of business in 1986. Stewardship of the Philly Parade transferred to ABC 6 and Boscov’s. Boscov’s Department Stores of Reading PA also briefly faced bankruptcy in 2011, and had to give up its share in the parade , which is now The Dunkin’ Donuts ABC6 Thanksgiving Day Parade. Eaton’s of Canada closed in 1999, was sold to SEARS of Canada, which also folded. Local Canadian merchants banded together to save their parade. SEARS USA is on the brink of going out of business, and Mary’s is starting to close low earning locations. Long time king of toy stores TOY R US closed its doors forever this summer. Jeff Bezos started AMAZON.com in 1999. He is now the richest man in the world with a net worth estimated to be $87 Billion dollars. He’s only 54 but even he admits that no business last forever . “Amazon is not too big to fail … In fact, I predict one day Amazon will fail,” Bezos reportedly said when addressing a question about Sears recently going bankrupt. “Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”

The question remains though, was it the computer or was it the crowds that killed brick and morter stores? The computer is a wonderful tool that can make our lives better when used properly. The internet allows us to reach stores and people in places we could never get to easily or cost effectively in the past. By delaying instant gratification, and waiting for sales online, diligently searching for the best prices, we can save ourselves the hassle of fighting crowds for promised low prices on items which sell out in minutes at the store. It’s not worth your time or trouble when you factor in travel costs and your personal time. Time is the one commodity you can never replace. As always I wish you success and happiness.