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Get With The Plan: Modest lifestyle, consistent savings, add to positive outlook for retirement (via The Star-Ledger) Robert Sciarrino/The Star-Ledger   The Situation: After raising three children, George, 57, and Belinda, 56, are preparing for retirement, but they have concerns about their money lasting because of their relatives’ history of longevity. George would like to stop work by age 62, ... Read More »

By: Dave Rupe | stonesdetroit.com How The Hell Do You Read A Price Chart, Dave? Introduction. Most people look at a price charts and see one thing. Price moving in the only possible directions it can move, up and down. Some might say price moves a third way, which is sideways, but those sideways movements are still made up of ... Read More »

Like thieves stealing wiring and plumbing to cash in on sky-high copper prices, criminals are now said to be hijacking computers to “mine” for Bitcoins —  underlining just how widespread the craze for the alternative currency has become. The motive is clear. The value of a Bitcoin jumped as high as $191 on Monday, according to trading site Mt.Gox. The alternative currency has “gone parabolic” in recent ... Read More »

Some people want you to believe that the Fed just injected the economy and stock market full of money that will now result in an economic boom and much higher prices in most assets.  That’s simply not true.  Here’s the actual mechanics behind QE. Before we begin, it’s important that investors understand exactly what “cash” is.  “Cash” is simply a ... Read More »

By: Ian Salisbury The iPhone has made a fortune for Apple, and turned a handful of app developers into instant millionaires, but a new app aims to help average investors be more like Warren Buffett. Available for download starting next week for $1.99 a month, iBillionaire promises to let investors follow moves of a roster of 10 billionaire investors, such as Buffett, ... Read More »

By: Pascal Gobry | www.forbes.com It’s important to understand how money works, and it’s counter intuitive. One aspect which is missed in the debate between commodity-backed currencies and fiat currency, that is to say currency which is not backed by a commodity or anything else, is the fact that all currencies are really fiat currencies*. Nothing illustrates this better than this ... Read More »

L. Randall Wray, author of Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, discusses the good, the bad, and the ugly of the recent fiscal cliff deal. Listen To Radio Interview With L. Randall Wray Here Read More »

By: ALISTAIR MACDONALD, PAUL VIEIRA and WILL CONNORS Amid a rush of newly affluent Chinese eager to move money out of China, U.S. and Canadian border officials are seizing large amounts of cash tucked into wallets, purses and suitcases at airports across North America. Officials at Canada’s two busiest airports—Toronto and Vancouver—seized around 12.9 million Canadian dollars ($13 million) in undeclared cash from Chinese ... Read More »

By L. Randall Wray | www.neweconomicperspectives.org Deficits and Debt are probably the most terrifying topic that MMT addresses. We need to be careful. We are treading on moral (or religious) grounds. We know that one should not be a debtor (or, a creditor)—most religions tell us so. One who proclaims that deficits and debts are OK is automatically engaged in blasphemy of ... Read More »

By: Dave Rupe | www.stonesdetroit.com The Very Visible Invisible War On The U.S. Economy – Part 4 Part 1 | Part 2 | Part 3 In part 3 of this series I concluded with taking a look at the predictions of MMT. After a little help via email from Stephanie Kelton, Associate Professor of Economics at The University of Missouri - Kansas City, I’ve ... Read More »

By: Dave Rupe, Stonesdetroit.com The Very Visible Invisible War On The U.S. Economy – Part 2 In Part 1 of this series present day monetary operations were discussed. If you missed Part 1, I recommend reading it before reading Part 2. Not doing so is sort of like walking into a room in the middle of a movie and asking “What did ... Read More »

By: Dave Rupe, Stonesdetroit.com The Very Visible Invisible War On The U.S. Economy – Part 1 “Cut spending!”. “Raise Taxes!”. “No, cut spending and lower taxes!”. Raise taxes and cut spending!”. No doubt you’ve heard all of these arguments for and against such things, but the incessant arguing is all in vain. It’s a whole lot of perception lacking a whole lot of reality. ... Read More »

Jessica Harper, U.S. News & World Report Entry-level workers typically earn between $10,000 and $30,000 annually, according to Salary.com—not a whopping amount by any stretch of the imagination. And if you’re in this boat, you know how difficult it is to make ends meet. Sure, you may have nabbed that golden paid internship or entry-level job, but the victory is bittersweet—because ... Read More »

(NEWSCORE) - In a major victory for the Obama administration, the US Supreme Court on Thursday ruled that the entirety of President Barack Obama’s health care law is constitutional. In a 5-4 vote, the justices ruled the 2010 Patient Protection and Affordable Care Act’s individual mandate G which requires citizens to buy health insurance by 2014 or else pay a ... Read More »

The Wayne County Retirement System has only half the cash it needs to cover future pensions after a worse year than officials expected, according to a preliminary report released Monday. The system, which covers about 5,600 retirees, needs another $800 million to be considered fully funded. That grew by $200 million from last year, when the system was 60 percent ... Read More »

It’s great to have a life plan, finish high school, attend a great college or university, graduate with honors, and have an amazing and rewarding career. But let’s face it, college is not for everyone. After high school I attended beauty school, medical assisting technical school, and currently I went to school to become an insurance agent. After all these ... Read More »