Fake Money

Reach in your pocket and take out that big roll of bills. Depending on how many of them you have you feel pretty good. BUT did you know they are not worth the paper they are printed on? Huh? Let me explain.

Yes, those bills are legal tender because those guys in Washington passed a law stating they must be accepted for payment. They are Federal Reserve Notes and it states right on the bill, "This is legal tender for all debts, public and private". That is OK, but if you go to the U.S. Mint will they redeem it in gold or silver? Years ago they did, but not since 1971.

Almost everyone has bought stock in a company. The company issues shares and each share represents a portion of the ownership in that company. It is against the best interests of the stockholders to issue additional shares unless something of equal value is added. Why? Let's keep it very simple. Suppose the company is worth $100,000 and it has issued 100,000 shares of stock. The stock has a book value of $1.00 per share. If the officers of the company decide to issue another 100,000 shares to hire security guards (like soldiers), lease (not buy) an airplane, increase the accounting staff (these folks do not increase production) and pay the executives more (who will produce the same amount as they are now) you will notice that all these expenses do not add to the company's profits. The value of all shares is now 50 cents per share because the value of the company has remained the same. $100,000 divided by 200,000 shares is 50 cents per share.

What has all that to do with your money? You have seen in the paper that the Federal Reserve Bank (it is neither Federal nor maintains a reserve) has had an auction for Treasury Bills. Sir Alan Greenspan has authorized the printing of those T-Bills. With just paper and ink he has created billions of dollars of debt for the government. And who is the government? YOU. Each time the Fed turns on the printing presses to sell government bonds it effectively dilutes the value of the money you have. That is called inflation. Unless the productivity rate of the country increases by a like amount it devalues your currency.

Should you care? What it amounts to is everything will cost more because your money represents less. This is monetary inflation and has nothing to do with the supply of goods. Yet some day (who knows when) those bonds will have to be redeemed. The idea of the central government is to keep watering down the money so they can pay off the debt with cheaper and cheaper dollars. This is a method of creating money instead of raising taxes yet you are paying for it.

Throughout history there have been scores of private and government banks that have issued fake (fiat) money and in every case they have failed and the holders of the fake money have lost. Will that happen this time? I would not bet against it.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Chicago limo Skokie ..

In The News:

An artificial intelligence-powered home security system can fire paintballs and tear gas at trespassers. The camera identifies human faces and animals.

Technology expert Kim Komando gives her tips and tricks on enhancing your user experience a smartphone and other devices you use everyday.

A new camera called NUCA uses artificial intelligence to create deepfake photos of subjects by stripping away clothing in close to real time.

The Kimberley Kube trail-ready camper has a compact but spacious design and combines luxury, functionality and ruggedness for a weekend getaway.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Emails instructing you to reset your password for an account may be legitimate, or they may be scams. Kurt "CyberGuy" Knutsson explains.

Northrop Grumman's Manta Ray uncrewed underwater vehicle aims to revolutionize undersea missions — it glides through the ocean without human assistance.

Learn how to work Google's calendar application to streamline and organize your daily tasks from technology expert Kim Komando.

If you do not want Facebook to have automatic access to your private photos, follow our tips to protect yourself. Kurt “CyberGuy" Knutsson shows you how.

Kurt “CyberGuy" Knutsson goes into detail about Apple’s recent iOS update that allows iPhone users to instantly translate spoken language simply by using the Action Button.

Safeguarding your digital life with a reliable physical backup isn't just a precaution, it's a necessity. Kurt “CyberGuy" Knutsson provides the essential backup checklist.

Kurt “CyberGuy" Knutsson reveals how a Redditor exposed false recycling claims at their apartment, highlighting a report that only 21% of U.S. recyclables are processed.

Kurt "CyberGuy" Knutsson offers a travel toolkit featuring five technology tools to help you with booking flights and hotels for your summer vacation.

The bubble behind the clock on your iPhone can appear in different colors. Kurt "CyberGuy" Knutsson explains what each of those colors mean.

Scammers are using the power of artificial intelligence to mimic voices of people and are using the fake voices to commit crimes, like kidnappings.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech guru Kurt "CyberGuy" Knutsson explains the science behind the Invisibility Shield, a 6-foot shield that makes people become invisible.

The International Olympic Committee on Friday announced plans to use AI in various Olympic aspects, including athlete identification, training and judging.

Tech guru Kurt "CyberGuy" Knutsson explains an easy trick to avoid squinting while working or surfing the web by zooming in on your personal computer.

Streaming giant Roku has recently been targeted by a pair of cyberattacks, and the company confirmed over a half million Roku accounts were compromised.

The Land Aircraft Carrier combines an all-terrain, six-wheeled vehicle with a two-seat aircraft, which features electric vertical takeoff and landing.

The European Union has sent TikTok a "request for information" on the video sharing platform's newest app, TikTok Lite, under the Digital Services Act, with the aim to clean up social media.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

The FBI is warning the public about a recent phishing scam via text that claims its targets owe money in Pennsylvania for unpaid road toll charges.

Your Apple Music settings may be revealing to your contacts what you're listening to. Kurt "CyberGuy" Knutsson explains the process to change those settings.

Fake Money

Stocks & Mutual Fund