Good Day, Friends,
The fan fare of the Presidential inauguration is too much for my upset stomach.. and even on Fox News, it seems that they are so caught up with all the hoop-la. I can't remember any past president getting so much worship. Wait until the "honey moon" is over... lol.
Anyway, I thought this small piece/ article about the 'Bar Codes' of bad products from China was interesting, and I will go out of my way and certainly pay more money for American goods to avoid ANYTHING made in China. People may wonder WHY our American Gov't doesn't do more to police and inform us about the mega tons of garbage from China that are dumped on our market. Could it be that CHINA already OWNS $$$$ US??? There comes a time when even the most ignorant will have to admit that the U.S. can NEVER pay off our high interest debts to China! The same thing that happened to Germany after WW-2 will happen to our American dollar no matter what we do. In my opinion, this is the number one threat to our once great nation. Again, let me teach the good people about the "Magic of Compound Interest"-- the 'RULE OF 72', PLEASE. All bankers and rich folks already know about it, of course. High interest loans from other nations, bad sub prime mortgage loans and credit card debt is killing us!
The Rule of 72 The rule of 72 allows investors to project the rate of return they must earn in
order to double their money over a given period of time.
beginnersinvest.about.com/cs/21jumpstreet/a/012501a.htm - 23k -
Point: If a person would invest $2K in a "vehicle" [quality mutual fund or investment] and get 12% compound interest for the next 40 years he would have over half a million dollars in his lap. Unfortunately, right now, I personally can't trust the Market, and most of the Financial Investment companies are 'dirty' with mismanagement and have lost too much in the sub prime mortgage fiasco, IMHO. This is my personal opinion. I used to be heavily invested in quality mutual funds and a Register Representative [Security licensed] with PFS Investments, and our sister company was Smith Barney. But now I have lost all trust in those kind of investments and pulled all my [bacon] assets out of the fire. All I see is a 'run away train' heading for a broken bridge and crash, sorry. Doctors, Lawyers and friends have asked me for financial advise in the past, but now I am mum and silent. I cannot and will not give advice that might hurt people--investment- wise, and I just don't feel comfortable with these sort of investments now days. I am a realist -- not a pessimist.
Well, my wife was very concerned about Chinese dog food and for a while she was making her own dog food for our prize, brave Rottweiler, Deuce. We read how unregulated their country is when it comes to using all sorts of filler, poisons and bad stuff in their drugs, medications, baby and dog food, etc. But, I figure that since, our Gov't owes China so much borrowed money that there is some sort of black mail going on. Perhaps if we don't accept their imports-- they just might call in all their 'markers' and demand payment and satisfaction of our great debt to them-- and that would bankrupt the U.S. in a heart beat !!