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Beware of reducing the economy too much

Beware of reducing the economy too much. It has been estimated that losing a million dollars in the economy causes one person to die on average as people have to cut back on buying things they need, such as snow tires in the winter. There is no such thing as perfect safety, or "just doing one…

"Fail-Safe Investing" by Harry Browne

"Fail-Safe Investing: Lifelong Financial Security in 30 Minutes", by Harry Browne. https://www.amazon.com/Fail-Safe-Investing-Lifelong-Financial-Security/dp/031226321X/ "30 Minutes" is quite an exaggeration; it takes more than 30 mins to read this book, however it's not a thick book and gives the…

Inflation of the US and Canadian dollars

I read that the original definition of a US Dollar was "A twentieth of an ounce of gold, ten-eleveths fine". Gold recently reached US$1500 per troy ounce, with the exchange rate, about C$2000, although it went down a bit recently. Last I heard it was about US$1460/oz. At the $1500 level, that makes…

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