Noteworthy 3/4/08 PDF Print E-mail
Written by Stumo   
Tuesday, 04 March 2008

*    An Op-Ed on Renewing "Made in the USA". 

*    We're in a recession.  Bernanke and Paulson won't admit it, but I think Buffett tends to reject the state of denial

*    Governments owning businesses.  This is what happens when governments own businesses in other countries.  Geopolitical factors enter in to decision making.  Like Russia's Gazprom now cutting natural gas supplies to Ukraine. 

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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy.  Heft is the owner of Petrogen, Inc in Colorado Springs.

A few thoughts about manufacturing:

There is a great misunderstanding of the relationship- between money and wealth.  The beginning principles with which we can all agree are a few and simple noble truths:
 
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive:  food, clothing, shelter, ice cream & computers.  It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.

 


 

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