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Quiz: What Is Your Wealth Beta ?


wealthymattersHere is a quiz put together by Robert Frank to help you decide just how transient your wealth may be.Just answer the questions below honestly and tally up your score and read the result from the list at the bottom of the post.

I took the quiz and worried that I had a couple of threes but I managed to remain Low Beta.Heaving a big sigh…..Take the quiz and find out how much danger you might be in.

1. Is your total debt relative to net worth …

a) Less than 10% (1 point)

b) Between 10%-20% (2 points)

c) More than 20% (3 points) Read more of this post

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Using Inflation To Create Wealth


Those who learn from history, have the ability to PROFIT from it.So here is some history:

wealthymatters.comInflations start out slowly.Governments will not openly admit to debasing the currency. They will cite other reasons for why inflation is going up. In Weimar Germany,for example, government officials and those within the finance community blamed their trade partners and foreigners for the Reichsmark depreciating.  German writers and politicians at the time had said that “paper inflation was not the cause or consequence of the external depreciation of the Reichsmark.  The depreciation of the Mark was held completely independent of the condition of paper circulation between 1921 and 1923″ – even though money in circulation went up 23 times within 2 years !  Prices of imported goods back then – denominated in US dollars – went up 344 times.  The official view from within the government of the Weimar Republic – the chancellor, the head of finance, the head of the Reichsbank – was to blame it on the excessive burdens thrust on the German people with war reparations, the violent policy adopted by France (when France invaded and took over an entire industrial section of Germany), and they also blamed it on increases on the price of imported goods.Conversely, the view held by those outside of Germany was that the depreciation of the Reichsmark was due to the government’s huge budget deficits, which required Germany to continuously print paper money. I guess people around the world will recognize the current day parallels to this scene from history.Quite a few governments are doing something like this today.  Read more of this post

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