The greatest good you can do for another is not just to share your riches but to reveal to him his own. -B Disraeli
WOW… what a great quote! I like it. Thank-you to my friend Lisa for sharing it and inspiring this whole Blog entry.
Recently I’ve heard so many related quotes and concepts to this that it’s totally impacting me right now. For example:
Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
In a financial context:
In Sunday school, I was taught to teach people how to fish – not to give people fish. To me, welfare and bailouts are the purest form of giving people fish instead of teaching them how to provide for themselves.
- Robert Kiyosaki
…and in his excellent book on Gold and Silver, Mike Maloney talks about how the bigger that the government gets, and the more that inflation rises (especially from printing money, which includes the billions of recent bailout money), the more taxes will be mathematically required to increase to fund these government adventures.
With less and less money left over for business owners to keep after inflation and taxes, a lot of Businesses will simply have nothing left… it would be like going to work and not ever getting a paycheque. For the business, there is a good chance they will close down and unemployment will rise, thus costing the government more for welfare and the cycle continues.
And if this sounds like far-flung conspiracy theories or fear-mongering, I suggest that it’s just the opposite. Because this exact scenario has already played out fully at least once in the past century… in fact only 86 years ago in Germany. To see this in action, watch this video. (Note: music is a little goofy, but the message is serious.)
So what’s the solution? Well there’s a famous Einstein quote that goes like this:
We can’t solve problems by using the same kind of thinking we used when we created them.
Currently our government leaders are facing a problem created largely by printing too much money. And their solution is to – you guessed it – print more money. What was that Einstein quote again?
To wrap up, here’s the whole passage that the above Kiyosaki quote comes from…
The lack of financial education in our schools has resulted in millions of free people who are willing to let the government take more control over their lives.
Because we do not have enough financial intelligence to solve our own financial problems, we expect the government to do it for us. In the process, we surrender our freedom and give the government more and more control over our lives and our money.
Every time the Federal Reserve and the U.S. Treasury bail out a bank we are not helping the people; we are protecting the rich. A bailout is welfare for the rich. With each bailout, we surrender more of our financial freedom and our share of public debt grows.
Big government taking over our banks and solving out personal financial problems though programs such as Social Security and Medicare is a form of socialism. I believe that socialsim makes people weaker and keeps them weak.
In Sunday school, I was taught to teach people how to fish – not to give people fish. To me, welfare and bailouts are the purest form of giving people fish instead of teaching them how to provide for themselves.
For me, counting on the government to fix things seems like too risky a proposition. Study up on what happens to economies and countries when they print excessive amount of monies, and you’ll see that the result is consistent, over and over, in the history of governments and money… and the result is UGLY for those that aren’t prepared.
So I’m getting ready. Instead of being on auto-pilot, ignoring the realities of what’s going on and what it could mean, saving money and investing in mutual funds, hoping that my RRSP / 401K and employer will take care of me, I’m educating myself.
I’m learning about the history of money, and it’s relationship to gold and silver. I’m studying how to generate an ever-increasing cashflow by learning Joint Ventures. And I’m learning non-stop… from teachers like Robert Kiyosaki and Robin J. Elliott, and also on how to be in excellence through it all through the Satvatove Institute.
I’m geaing up to go Onwards and Upwards whether we get hammered by hyperinflation and the death of the U.S. Dollar or not. How about you?
Tim
