It's Monday! Time to start the day with some interesting and easy to process information as we start the week. This came out a week ago, but there is no better substitute. Tune in to hear what Mike Maloney has to say about the stock market and its inevitable crash!
It may be the weekend, but that shouldn't stop you from learning. Staying knowledgeable about what is happening around the world is important in protecting and growing your wealth. In today's world, you should be fully aware that other markets can directly affect the economy in America in big ways. So today we will learn a little bit about another country and their economic status.
Venezuela is currently fighting hyperinflation, with their largest bill being worth merely 14 cents in the U.S. They are about to release bank notes in higher denominations to help curb the inflation. The development of mines and reducing dependence of oil may also help Venezuela turn their struggling economy around.
Click below to see what Bloomberg is reporting about Venezuela and their economy.
One of the core characteristics of a successful person is how mentally tough they are in the face of adversity. Life will often throw many obstacles at us as we pursue our goals. The trick is to learn quickly and shake off failures. Sometimes being with the right crowd of people can help you avoid some of those hurdles. Ultimately, we all need to develop a form of mental toughness that helps us push through each day. Whether it's tackling your duties as a business man/woman to keep the company healthy and profitable or by simply getting out of bed early in the morning to get a head start on your day.
Check out this article on foundrmag.com about mental toughness and what it takes. Great educational material after a long week of hard work.
After what has been occurring on wall street, here is some quality self-educational material for today. Check out this video with Ron Paul as he discusses how the fed is able to manipulate the stock market during a financial crisis.
When I went up to Vancouver B.C. in Canada to watch the Sprott-Stansberry Symposium, I learned a lot about what rising interest rates will do to our economy. Luckily, it doesn't look like it will happen quite yet. With a concerning drop in the markets around the world, we may just be inoculated with more quantitative easing in the U.S.
So take a deep breathe, there isn't need to hit the panic button yet. Check out the link below by Bill Bonner. This man does his homework.