Professional Documents
Culture Documents
Markets in chaos
The fundamental problems in the global economy have not been addressed -- theyve just been papered over with trillions of dollars in printed or borrowed money.
Charles Hugh Smith An Unconventional Guide to Investing in Troubled Times
Us vs. Them
Mortgage banks predatory lending investment bankers pushing subprime rating agencies asleep at the wheel
Large trade decits degradation of manufacturing jobs, capabilities Real hourly wages havent increased in 35 years
2 tiers of investors
I realized from a very early stage that the market is a whole rigged job. Theres no chance that investors have in this market. -- Bernie Madoff
f on o gies, i sect nolo f inter tech re o n failu d o amic lizing n d is dy centra he gran edente The is Th de t no s e and unprec iv n t uch only srup depletio mics is y i d trans thing rce l econo n histor u pare as reso tiona huma misr nt risk nven co
Charles Hugh Smiths 7 Reasons Why The Status Quo Cant Work
1. extreme concentrations of wealth 2. unprecedented demand for nite resources 3. increasing dependence on traditional funding macro funding methods 4. dependence on State intervention 5. phony reforms 6. discredited leadership 7. decentralizing technologies (Internet) eroding centralized institutions
Tuesday, August 16, 2011
What to do?
[Trend]
Decentralization of existing markets
Key Resources
Credit Unions are non-prot nancial institutions operated on behalf of members excess revenue betters rates, reduces fees
Key Resources
P2P Lending
enabling individuals to lend to one another skirting traditional banking structures,
SEC cracking down
Example: Prosper.com
Real assets
gold (bars), not mutual funds, ETFs real estate (single family, multi-family units) farmland (11% historical appreciation rate) not making any more of it water unusual assets (wine, art, taxi medallions, domain
names, etc.)
Tuesday, August 16, 2011
Source: http://slowmoney.org/invest
Tuesday, August 16, 2011
Revenue Streams
internet based businesses monetizable hobbies return to guild-like systems, learning skills from masters ROI for higher education?
Take on a project and move on to the next expand projects to include social capital (contributing to others in your community/local enterprise)
Key Resource
Money is a tool; dont invest your money in Wall Streets promises, invest it with an unblinking eye on systemic risk; invest in your own life and in the lives of others. This book explores how to do just that.
Key Resources
"Once in a while, a book comes along that has the potential to change things. This is one such book. It is going to unleash a major movement in this country." Steve Costa, Point Reyes Books
Investing locally makes sense as long as you do it with your eyes wide open. And this book is a realistic, up-to-the-minute exploration of the eld. After all, it was the local community that invested in Ben & Jerrys--and it worked out pretty well for them. -- Ben Cohen, cofounder of Ben & Jerrys