
Great Depression Online
Long Beach, CA
April 08, 2008
Inside This Issue You Will Discover…
*** It Has Never Been So Easy
*** Just Spend More Money
*** Still Believing In The Difference
*** And More
It Has Never Been So Easy
You can buy a winning lottery ticket. You can beat the
dealer at blackjack. You can buy shares of Google and watch
them go up. You can flip condos in
But the best way to mint a cool $30,000 in an afternoon’s work is
to put $1,000 to win on a 30-to-1 long shot at the Santa Anita
Track. And why stop there?
If you’re really smart, you’d then parlay your $30,000 into
another 30-to-1 long shot winner and walk away with $900,000.
For getting rich has never been so easy. And so many people
are doing it.
All you have to do is be in – in the market…in the lottery…in the
many easy money vehicles.
~~~~~~Free Report~~~~~~
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Once you’ve become one of the providential ones, you can feel
really smart. And you can offer unsolicited advice to others
on how they can start enjoying the good life too.
Just Spend More Money
Some time in the late 1980’s, a mass change occurred in the
American psyche. We can’t pinpoint the day precisely.
But if we’ve back tracked correctly, it was around the time Alan
Greenspan was appointed Chairman of the Federal Reserve.
After eight years of tough love from Paul Volker, the stage was
set for something magnificent. Then, out of nowhere, a wave of
delusion crashed on the populace’s head. And, all at once,
their collective brain went soft.
It no longer mattered how much savings you had, or how much you
made. Now, to be wealthy, all you had to do was spend
money…and lots of it. Who cares if you didn’t have the money
to spend to begin with. That’s what credit cards are for.
Because the new delusion said the more you spend the wealthier
you become. Savings – like deficits – no longer mattered.
They were an artifact of the past…the stuff of grumpy old men.
Even a third grader could tell this system to wealth was
ridiculous. But with everyone doing it, you must too. Or
you’d be left behind driving an old beat up Buick Century.
Thanks to Greenspan’s easy money, the stock market and real
estate also became the enlightened manner and method to really boost
your spending. Reading the headlines – or listening to your
neighbor – you could see that everyone was cashing in, cashing out,
and getting rich.
By mid-2005 it was pure nirvana. Every kitchen countertop
from
Still Believing In The Difference
But we never got the hang of this type of thinking. Our
brain’s too small to understand the simple logic of how spending
more money makes you richer. We just couldn’t get the new math
to work. For we’re primitive enough to actually believe that
to obtain wealth you should spend less and save more.
Therein you’ll find the difference. And therein you’ll find
the onus of this musing.
That is the “difference” between how much you make and how much
you spend. That difference should always be getting
bigger…never smaller. The bigger it gets, and the longer it
keeps getting bigger, the wealthier you become – even with inflation
out to ruin you. That’s what we’ve always believed, anyway.
No leveraged speculations. No margin accounts. No
trips to the track. No tomfoolery. No guile. Just
simple arithmetic.
If you don’t like it. You don’t have to believe it.
But 1 plus 2 will always equal 3. And there’s nothing you can
do about it.
In this respect, we’ve found it more rewarding to go with the
laws of nature…not against them. Even when they do require
patience, perseverance, and discipline.
Sincerely,
M.N. Gordon
Great Depression Online
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