If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Heroic.

Visit msnbc.com for Breaking News, World News, and News about the Economy

The most successful heists are the ones that occur every day that we are not even aware of.  The Federal Reserve, the quasi-governmental agency run by ex-bankers, that controls the money supply, interest rates and manages the economy is an agency very few are familiar with.

Given the trillions of taxpayer dollars on the hook and the delicate state our economy is in, H.R. 1207 aims to audit the ongoing Federal Reserve activities.

For years, the author of this bill, Ron Paul, has spoken up and drawn attention to the importance of sound money (money with tangible value, like gold and silver) and an economy which is not micromanaged by ex-bankers or manipulated in a secretive fashion. Paul has always been a political outsider and it is good to finally see his attempts to uncover the truth finally gain some momentum.

Since politicians, like all of us, are self-interested, we need to exert our influence and let them know we expect this bill to pass.

Since this bill would expose a great deal of financial/governmental/corporate connections, it would not surprise me if there is another financial panic/disaster and this bill is pushed aside to give even more power to the Fed and Executive Branch.

The above video speaks volumes about the shape of our economy and the level of dishonesty that is fraught in our financial and economic system.

Takeaway:  As a man, it is imperative to be ever-inquisitive, curious and non-complacent.  Reading and questioning your beliefs can help you generate an Accurate Model of Reality and prepare better for your future.  Think for yourself and stand up for what you believe in, even if you stand alone.

hat tip:  Zero Hedge

As we travel down an unsustainable path of reckless borrowing, spending and wastefulness, the misdirection of party politics (liberal vs democrat, D vs R) will eventually yield to curiosity and a desire for understanding.

When you see more concern about the desire to uncover the truth than a party “winning” or “being right”, we’ll be on the right track.  The sooner, the better.

When the promises that “Government will provide (insert entitlement here)” go unfulfilled, only then will we realize that costs must be borne by individuals.  A woman with five children can, should and will pay more for healthcare, resources and lifestyle as a result of her actions.

The answer we will learn (the hard way) over the next few years is to stop ceding our power to the Fed, Treasury and governments since we can only rely on ourselves and those around us.

Hopefully, when this realization occurs, we will demand our power back instead giving away more of our rights, liberties and responsibilities.  Only then can the healing begin.

Having an accurate model of reality is one of the best things a man can have.  If you have an accurate model of reality, you will be better prepared for life’s surprises.  An accurate model of reality gives the ability to intelligently prioritize what is important to you in your life; rather than letting others dictate what your priorities are or should be.  There is nothing worse than finding your definition of “success” is not what you had imagined it to be.

As I’ve tried to increase my awareness of reality, I have noticed certain trends and themes become more and more apparent:

  1. I need to take responsibility for my own life since I cannot rely on anybody else.
  2. The world is throbbing with suffering and I should be grateful for my fortunate circumstances.
  3. The more I learn, the more I realize how ignorant I am.
  4. I create my own priorities, set my own attitude, manage my own time, and face the consequences of my actions and inactions.

Personal Reality – The most important.  How much time are you spending alone with yourself determining whether or not you are taking steps that will improve your happiness and wellbeing? Time alone to reflect is critical.  What makes you happy?  Money in the bank?  The respect of your boss?  Your daughter?  Spouse?  These are important issues which no one can determine except you.  In a materialistic world, it is easy to let others determine your priorities for you.  Taking time to sit quietly and think can dramatically improve your understanding of your priorities and values.  From there, you can take intelligent action to improve your life.

Economic Reality – I consider myself a student of economics and even I am ignorant to what extent the government exerts influence with our economy.  Understanding the role macroeconomics plays in our lives is critical.  Knowing how to invest our savings, guide our businesses, and what countries are contracting or expanding economically can serve us in numerous ways.  They can earn us profits by intelligent speculation, or they can help us steer an enterprise by making better decisions.  As I learned about economics and viewed the world around me (debt of individuals, intelligence of individuals, job abundance/scarcity), I began to increase my skepticism about our economy.  This view helped me seek out like-minded thinkers and I discovered a whole new school of thought about economics.  Thankfully, reading contrarian economists have provided me peace of mind and great insight as to what is happening in our world today.

This economic crash should have come as a shock to absolutely no one.  There were dozens of warning signs that astute people pointed out.  It merely took some open-mindedness to listen to those called it.  By listening to all sides of the argument, it was easy to discern whose logic was more ground in reality.

News Reality –The news last week revolved around a woman who had eight babies and a baseball player who used steroids, neither of which are the least bit helpful to improving my life. What are you trying to accomplish by reading/watching the news? Your time is extremely valuable, so use it judiciously.  The time spent watching news/adverts can be better spent reading specific information sources which will help you improve your job/relationships/habits/health.  You can use targeted info sources (Bloomberg, Google News) to find relevant, intellectually-stimulating news and save time.  The major networks (NBC, ABC, CBS, CNN) all didn’t see this slowdown coming.  Mish, Gary North, Nassim Taleb and others saw this slowdown coming years in advance.  Triage your news sources to those that are honest and upfront about their views, even if those views are currently unpopular.

Political Reality – There are many individuals who have become reliant on the government for health care, salaries, education/day care and other things.  When observing the systems that underwrite these promises, it becomes obvious that these promises have been fulfilled in the past by rising assets values, taxation, and further expansion of debt.  These are not sustainable and we are finally witnessing reality intersecting with these promises.  As reality intrudes, we will see many individuals who have become dependent on the government be forced to deal with the reality that they can no longer have a cushy retirement or guaranteed benefits without a taxpayer revolt.  Had these individuals formulated a more accurate worldview, they would have realized this inevitable insolvency and potentially avoided the pain they will now suffer.

Attitude Reality – You can choose to view life as a punishment or an opportunity; the choice is totally up to you.  You can pretend that you’re a spoiled brat and that work is a nuisance, or you can have the attitude of a fresh-off-the-boat immigrant, who sees nothing but opportunity.  You can eat whatever is convenient and abuse food and alcohol, or you take the attitude of a cancer survivor and treat your body with love and respect.  A trip to a hospital or serious illness will impress upon you the reality of taking care of your body.

You choose our own reality.  Choose wisely.

Shaping Your Reality
Here are tips that have helped me gain a better understanding of reality and helped me focus on what matters:

  1. Developing an insatiable curiosity for connecting with others and seeing what drives their thought process is key to improving your understanding of the world around you.  The more “sets of eyes” you see the world through; the clearer your vision.
  2. Why do you eat what you eat?  Read what you read?  Interact with those you interact with?  To grow as a man, I’ve found that putting these things under the microscope is very helpful.
  3. Consume different sources of information from different points of view.  Make sure you periodically read things from people you intensely dislike.
  4. 15 minutes of silent thinking will yield tremendous insight about who you are and what your priorities are.  Listen to this voice of reason and let it guide you.  Nothing mystical about it, just good old-fashioned introspection.
  5. Listen to those who matter (YOU!) and tune out those that don’t (anyone that wants your power and money).
  6. You’ll often discover that you, your family, or your religion has been incongruent with reality.  This is a great discovery to make since it allows you to abandon incorrect beliefs in favor of more accurate ones.

Finally, I have linked to some great thinkers in the upper right hand corner of this blog.  All of the links are websites written by people who have shown a great degree of independence in formulating their worldview and they all show a great deal of logical thinking when drawing their conclusions.  Check them out and learn from their experience.

Thanks for reading.

To read more about what really matters, read here.

There is a noticeable difference between US and World Journalism.

US Version – Al Qaeda is losing, US is winning.

International Version – Children are dying and citizens oppose US militarism in the region.

In order to get an accurate picture of reality, I have found it helps to take a look at both the US and international versions of events.

Given the media fawning over our new President, there is a great likelihood that the coverage will tend to be viewed through the lens of patriotism.

To read more about media inaccuracy, click here.