What happened to my ads?

Lack of posting I think, so I'm hoping that they will come back if I put more items here more regularly...
Still I tried to put up an adsense gadget here today and see no result on my main page... Oh well, research into the obtuse area of online ads is evidently required.
Not that easy really, as this is one area where my ignorance is worse than usual. Still, if I would even make phenning from this (or mils) I need to discover what happened. It used to be that you could put up a tip jar, so I suppose I'll check that out next.

Tough Times Ahead

I extracted the following quotes from this article. http://finance.townhall.com/columnists/bobbeauprez/2012/01/08/obama_fails_math_portion_of_presidency_test/page/full/ I believe that it is well worth your time to read but if you don’t feel like it then consider these words of wisdom.

"The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people." Andrew Mellon Secretary of Treasury for Warren Harding.

It seems to me that we would be very foolish not to look at history and see what has occurred at other times from the current era to the fall of the Roman Empire which can be traced back to policies that are very similar to those of the current president of the USA.

For wisdom let us look at someone from the party he says he represents though from another time: John Kennedy.

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits… In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now." John F. Kennedy

We are spending money we don’t have to make things better in the USA today. This is like a family maxing out all of its credit cards. The question remains this: What will happen when no other nation will lend us money? That I believe is a fearful day and fast approaching. Worse yet is the day when no one will accept our money, when it is viewed with the same disdain as the peso… indeed times are going to get tough.

© 2012 Vic Jones

Lesson 37 from The Hard Knocks School of Life

Money is simply the tool by which goods and services are exchanged. But if this tool were to disappear civilization would grind to a halt causing the death of great numbers of people by starvation.
Since money is the god of a great number of people I’ve spent quite a bit of time trying to define what it is. The fact that it is a tool that enables people to trade a variety of goods without resorting to barter is one of the chief definitions of money. What money is made of is to some degree irrelevant as paper is as plentiful as sand in a lot of ways. It is our faith that someone else will accept that piece of paper in trade for goods or services that enables us to use paper as money.

Other wise we would be forced to go back to gold, silver or absolute trade (IE farmer Joe trades one bullock for one porker or the like) which would definitely limit the variety of goods that could be traded as well as limiting the distance they could be traded over.

© 2011 Vic Jones

Lesson 25 from The Hard Knocks School of Life

If someone says he wants to punish the rich because they are greedy you should ask what that person has to gain in the transaction they propose. You also should ask yourself if the person proposing to punish the rich is actually greedy…
People who are earning high incomes are called rich by our current government yet they may or may not have actually accumulated much wealth. Conversely many people who have much wealth (either inherited or accumulated) often have low incomes (or at least low earned incomes) because they have most of their assets stored in government preferred investments whether they be municipal bonds or T-bills or some project the government wants accomplished.

High income earners are the achievers of society and punishing (or taxing them) is like making fun of nerds in school.

© 2011 Vic Jones

Lesson 24 from The Hard Knocks School of Life

When you set out to punish the rich the poor get hurt.
Whenever I see a short statement such as this the first question I ask is this: Is this true?

My answer for this one remains yes.

Therefore I think that I will try to explain what I have seen that makes me believe this to be true. As I examine the world the first thing I notice is that I have never worked for a poor man. The reason for this is simple; a poor man cannot pay me. Or at best he can only pay for a limited amount of my time. Therefore if I want steady work (and I don’t know anyone who doesn’t) I must either be ambitious enough to continually win small pieces of work from many poor people or find one rich person to work for continuously.

© 2010 Vic Jones

Daily Question 8

What sets a successful person apart from an unsuccessful person? Is it money? That seems to be one measure of success but is it a true measure of success? Perhaps a better measure of success would be whether or not a person could maintain relationships with other people.

Certainly in my opinion people are more important than things, yet we must have the necessities of life and in order to get them we must have money which means that for the most part we must spend our time earning money. Therefore it is easy to come to the conclusion that having more money or the ability to earn more money than other people is a measure of success. After all the only question that defines success in the end is: do you have what you need to survive?

© 2010 Vic Jones

Math and money

Math and money


Here is a math lesson. $1.00 will buy some sort of junk at a dollar store. Now here is some math for you 10x10=100; 10x100=1000; 1000x1000=1,000,000 (one million if you are keeping track) many of us would consider ourselves quite wealthy if we were the owner of a cash position of $1,000,000. Now for some government sized numbers. 1000 x 1,000,000 = 1,000,000,000 (that is one billion) an amount of dollars our government is always talking about as if it is not very much at all. Now another number: 1000 x 1,000,000,000 = 1,000,000,000,000 (that is one trillion if you didn’t figure it out yet) That is enough money to make you sick thinking about it. Our government owes more than 13 trillion dollars. 1% of that is 130 billion dollars.

© 2010 Vic Jones