Central Bank Gold Reserves

With China and India acquiring gold it is interesting to see that the United States still holds almost eight times the gold that China does and more than fourteen times India’s reserves. Of note is that the United States has 78% of its foreign reserves in gold.

The Power Of Zero In Finance

Zero was that grand guardian against excess. The magical cipher to hold one solvent. Admittedly, I did the work. I was the one who was disciplined to keep myself from falling into the abyss of interest payments. There was nothing to it really.

Arkansas Bank Charges 82,563% Overdraft Interest

The fuss lately over bank fees has left me mostly disinterested. After all, fees are what other people pay — those folks who don’t know how to manage their money. Wrong. When it happens to you then it isn’t carelessness any more. It’s just the law of averages — sooner or later the fee devil will get you.

U.S. Government Debt as a Mortgage

But there is still the outstanding debt of trillions of dollars. Congress tackles this by treating the debt as if it was a 30 year mortgage. In my scenario Congress is able to secure a 3% fixed interest rate for 30 years.

Rewards Checking: First Arkansas Bank & Trust

First Arkansas Bank & Trust offers only 4.4% but with one redeeming quality — the rate applies up to $50,000.

Foreign Holders of Treasury Securities

Even with a scenario that is not quite as bad as the news would have us believe, the U.S. still needs to work vigorously at reducing its debt. The supposed agent of change, Barack Obama, is carrying on the same old policy of borrow and spend, except in much larger quantities. How sad.

Rewards Checking: First State Bank

The worst part of Rewards Checking is that in many cases you are dealing with a small bank that hasn’t figured out how to get potential customers from out of state signed up over the Internet.

Jesus Christ Teaches About Money

My Easter Sunday talk that includes four parables about money and the application of the principles found therein.

Problems with Checking Finder Identity Check

Potential problems applying through Checking Finder in proving your identity. Recommendations on how to pass the security question test.

Comparing Lending Club with Prosper

Even though Prosper has the higher earnings its losses are greater. Bear in mind the loans on Prosper have been running twice as long as my Lending Club loans, hence more opportunity for loans to fall behind.L

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