Now You Know: How to prepare for “financial hard times” ?

Sal: I was laid off back in 2009 during the “economic recession”, which I learned to be more “frugal” (e.g. buy what was necessary instead of buying what I “wanted”). I learned some “life style changes” that I apply now..

*see Financial Advice? goodnewseverybodycom.wordpress.com

Debt?

Dave Ramsey’s 7 Baby Steps Review: Is This A Debt Management Plan You Should Try? By Peter Anderson 57 Comments biblemoneymatters.com
“..Before The Baby Steps: Making A Decision To Change

Before you even decide to head down the road of using or exploring the 7 Baby Steps, I think it’s important to point out just how key it is that you sit down, talk with your significant other (if you have one), and actually make a decision that you want to change.

A lot of people talk about how to change their financial lives, but never touch on the fact that if you or your spouse isn’t ready to change, it isn’t going to happen. You have to want to change…”

Dave Ramsey’s 9 tips to get out of debt – YouTube

Savings

How To Save $2,000 Fast Without Making More Money

Minority Mindset
Published on Jun 22, 2018
How To Save $2,000 Fast Without Making More Money
0:14 – Saving your money will make you broke because your money in the bank is losing value to inflation
0:35 – The only reason you should be saving your money is to invest and to save for your emergency fund
1:08 – Start by saving minimum of $2,000 for your emergency fund
1:41 – Write down how much money you make and your expenses
2:27 – Save $2,000 as fast as possible so you have to cut out the things you don’t need
3:51 – Stop over paying for your bills so you can save the extra savings
5:09 – Stop having expensive fun until you have started saving money and have a savings cushion

The 7 Best Places to Put Your SavingsBy Jean Folger | Updated September 29, 2017 — 6:00 AM EDT investopedia.com
“..Money that is considered savings is often put into a low risk, interest-earning account, rather than into higher risk investments. Although there is opportunity for larger returns with certain investments, the idea behind savings is to allow the money to grow slowly with little or no associated risk. The advent of online banking has increased the variety and accessibility of savings accounts and vehicles. Here are some of the different types of accounts so you can make the most of your savings.

1. Savings Accounts
Savings accounts are offered by banks and credit unions….”

Credit Unions vs. Banks: What’s the Difference? .thestreet.com
“..The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees. Banks, on the other hand, often have higher fees but more convenience regarding location, technological efficiency, mobile access, and rewards programs…”

Banks vs. Credit Unions: What’s the Difference? – 2 Minute Finance
https://youtu.be/rfHyQ-8eLC4
2minutefinance
Published on Oct 28, 2011
Thinking about moving your money out of a big bank and into a local credit union? Get the low down on their differences in this two minute video.

For more information and resources, visit our website at http://www.2minutefinance.com. Also, find us on Facebook (Facebook.com/2MinuteFinance) or Twitter (@2MinuteFinance).

Students

Finding the Best Student Savings Account in 2018
“..Student savings accounts are meant to help those in school grow their increasing income long-term and learn about financial responsibility. To ensure that you find the best savings account for the student in your life, we’ve laid out the top student savings accounts for prospective account holders looking for specific account benefits…”

Investing

How to Invest $100 [for 2018] 💵 | Investing for Beginners When You Don’t Have a Ton of Money

Investors with Credibility

Warren Buffett – The World’s Greatest Money Maker

TradingCoachUK
Published on Nov 1, 2014
Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world – thought to be worth 37 billion dollars.

Yet Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty.

He talks to Buffett’s family, friends and colleagues about the man they call the Sage of Omaha, and Buffett’s friend Bill Gates praises his philosophy of life.

National Savings Day nationaldaycalendar.com
“.. sets aside October 12 to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem.

Many of us already save every day. We’ve been doing it for a long time. We collect sentimental items because they mean something to us and they evoke emotion. These objects come in all forms. It could be a treasured baseball glove your dad played catch with you; an engagement ring passed down through generations, or boxes full of t-shirts representing years of concerts. We save lots of things for extended periods of time, and they accumulate quite well…”

Moody’s Manual moodys.com
“..is a​n e​sse​ntial component of the global capital m​arket​s, providing credit ratings, research, tools and analysis that c​ontribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at http://www.moodys.com…”

Financial Collapse History

Collapse of 2008

The 2008 Financial Crisis: Crash Course Economics #12 – YouTube
https://www.youtube.com/watch?v=GPOv72Awo68
*gov’t loans to banks make their spending not wise

The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad

TEDx Talks
Published on Dec 3, 2014

This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal.

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.

TARP Bailout Program- Did TARP Help You or the Banks? BY KIMBERLY AMADEO Updated November 15, 2018 thebalance.com
“..On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program. The U.S. government bought preferred stock in eight banks. They were Bank of America/Merrill Lynch, Bank of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, State Street, and Wells Fargo…

In December 2018, President Bush agreed to use TARP funds to bail out the Big Three auto companies. Auto execs warned that the General Motors Company and Chrysler LLC faced bankruptcy and the loss of 1 million jobs. The $80.7 billion bailout lasted from January 2009 to December 2014. Treasury recouped all but $10.2 billion.

Why TARP Was Needed
Fifty-eight percent of Americans said TARP was not needed. But TARP’s purpose was to stop the panic that consumed Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, and AIG. Without government intervention, the bankruptcy of those companies would have led to many more.

Most Americans have never heard of the Reserve Primary Fund. They weren’t aware that on September 16, 2008, they were weeks away from a total economic collapse. If that ultra-safe money market fund had gone bankrupt, trucking companies would run out of cash to pay their employees. Grocery stores would have gone empty within weeks. Without a $700 billion government guarantee, the financial system would have collapsed. The rest of the economy would have gone w..”

Panic: The Untold Story of the 2008 Financial Crisis – FULL EPISODE | VICE Special Report | HBO

*see Deep Thought: How much to “give”? goodnewseverybodycom.wordpress.com

Good News Financial
https://www.facebook.com/groups/426559690751225/

Now you Know: History of Resources in Changing Times

Standing Rock and the Dakota Access Pipeline drcinfo.org

“…Furthermore, this characterization of water protector violence is a distraction from the lawlessness the state administration has allowed to occur in the Bakken, the heart of oil and gas extraction. The State does not seem to be concerned with the seemingly constant environmental crimes that occur from countless oil and salt water spills, wasted uncaptured natural gas, and abandoned radioactive waste. The companies responsible of these crimes are not fined or taken to jail. The damage to farmers, ranchers, and others who’ve lived and worked here are considered by the state as “collateral damage” and efforts to help are rejected by the Oil and gas extraction has brought in a massive influx of out-of-state workers, overwhelming demands for infrastructure, urban sprawl, and negative social impacts to communities…”

The “Indian Problem”


“Published on Mar 3, 2015

As American power and population grew in the 19th century, the United States gradually rejected the main principle of treaty-making—that tribes were self-governing nations—and initiated policies that undermined tribal sovereignty. For Indian nations, these policies resulted in broken treaties, vast land loss, removal and relocation, population decline, and cultural decimation.

The “Indian Problem” was produced to serve as the central video in the exhibition “Nation to Nation: Treaties Between the United States and American Indian Nations,” on view at the National Museum of the American Indian in Washington, DC. This video introduces visitors to the section of the exhibition titled “Bad Acts, Bad Paper.””
*see Deep Thought: Broken Promises-Who to trust? goodnewseverybodycom.wordpress.com

Two Approaches to Economic Development on American Indian Reservations: One Works, the Other Doesn’t · January 2006 with 21 Reads researchgate.net
“..There are concrete, bottom-line payoffs to tribal self-rule. For example, a Harvard Project study of
75 tribes with significant timber resources found that, for every timber-related job that moved
from BIA forestry to tribal forestry—that is, for every job that moved from federal control to tribal
control—prices received and productivity in the tribe’s timber operations rose.
16
On average,
tribes do a better job of managing their forests because these are their forests.

But the evidence is even broader. After fifteen years of research and work in Indian Country, we
cannot find a single case of sustained economic development in which an entity other than the
Indian nation is making the major decisions about development strategy, resource use, or internal
organization. In short, practical sovereignty appears to be a necessary (but not sufficient) condition
for reservation economic development. ..”

Global Connections . Natural Resources | PBS pbs.org

“…

Like oil and water

The Middle East has always had a rich abundance of natural resources, although which resources are coveted and valued has changed over time. Today, abundant petroleum fields dominate the area’s economy. The Middle East is similarly disproportionately rich in natural gas (32 percent of the world’s known natural gas reserves are in the region) and phosphate (Morocco alone has more than half of the world’s reserves).

Water has always been an important resource in the Middle East — for its relative scarcity rather than its abundance. Disputes over rights to water (for example, building a dam in one country upstream from another) are a fundamental part of the political relationships in the region. Water for irrigation is necessary for many of the ecosystems to sustain crops…”

Humans and Energy: Crash Course World History 207


“Published on Aug 28, 2014

In which Stan Muller subs for John Green and teaches you about energy and humanity. Today we discuss the ideas put forth by Alfred Crosby in his book, Children of the Sun. Historically, almost all of the energy that humans use has been directly or indirectly generated by the sun, whether that be food energy from plants, wind energy, direct solar energy, or fossil fuels. Stan looks into these different sources, and talks about how humanity will continue to use energy in the future as populations grow and energy resources become more scarce.

You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we’re doing. Free is nice, but if you can afford to pay a little every month, it really helps us to continue producing this content.

SUBBABLE SPONSOR MESSAGES!
TO: Dana
FROM: Cameron
you’re wonderful, I can’t wait for our faces to meet 🙂

TO: TheGeekyBlonde
FROM: Arbace

Thanks for your outstanding Youtube Abuse Recovery video! http://youtu.be/3Uc5eNNG60o

You can get Alfred Crosby’s Children of the Sun here: http://smile.amazon.com/Children-Sun-…”

How resource scarcity is driving the third Industrial Revolution mckinsey.com
“..Will shortages of energy, materials, food, and water put the brakes on global growth? Far from it. By combining information technology with industrial technology, as well as through harnessing materials science and biotechnology, innovators are showing that it is possible to produce more with less and to access resources at far lower costs…”

The End Of The Oil Age, How Much Is Left And What Will Happen When We Run Out


“…What we use it for-
Oil is the life blood that is pumped though our modern world, with out it we could not fly to popular holiday destinations, travel to work in the comfort of our vehicles or maybe even watch this video on YouTube, plus many more little perks of modern life. We rely on oil to power many applications within our lives and as of early 2015, the IEA Oil Market Report forecast the average demand would be 34 billion barrels of oil for the year. At this rate, how long can we go on pumping oil out of the ground without exhausting our supplies?
..”

The Hidden Costs of Fossil Fuels ucsusa.org
The costs of coal, natural gas, and other fossil fuels aren’t always obvious—but their impacts can be disastrous.
“..There are two main methods for removing fossil fuels from the ground: mining and drilling. Mining is used to extract solid fossil fuels, such as coal, by digging, scraping, or otherwise exposing buried resources. Drilling methods help extract liquid or gaseous fossil fuels that can be forced to flow to the surface, such as conventional oil and natural gas. Both processes carry serious health and environmental impacts…”

Why can’t we quit fossil fuels? theguardian.com
“..So coal use kept rising too – and oil use in turn kept increasing as cleaner gas, nuclear and hydro came on stream, helping power the digital age, which unlocked more advanced technologies capable of opening up harder-to-read fossil-fuel reserves…

Indeed, though our governments now subsidise clean-power sources and efficient cars and buildings – and encourage us all to use less energy – they are continuing to undermine all that by ripping as much oil, coal and gas out of the ground as possible. And if their own green policies mean there isn’t a market for these fuels at home, then no matter: they can just be exported instead…
This extraordinary double-think is everywhere to be seen. Take the US. Obama boasts that American emissions are now falling due to rising auto efficiency standards and gas displacing dirtier coal in the energy mix. But the US is extracting carbon and flowing it into the global energy system faster than ever before. Its gas boom has simply allowed it to export more of the coal to other countries such as China – which of course uses it partly to produce goods for US markets. Not happy with increasing US carbon extraction, Obama is also set to approve the Keystone XL Pipeline that will enable Canada to flood the global markets with crude produced from dirty tar sands. So much for carbon cuts.
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Or take Australia, which in the same year introduced a carbon tax and started debating plans for a series of “mega-mines” that would massively increase its coal exports, helping build confidence among the companies and governments planning no fewer than 1,200 new coal-fired power stations around the world. Even the UK, with its world-leading carbon targets, gives tax-breaks to encourage oil and gas recovery and has been growing its total carbon footprint by relying ever more on Chinese factories – and therefore indirectly its reliance on American and Australian coal. And not just that. Although it rarely gets commented on, Britain – along with other supposedly green nations such as Germany – regularly begs Saudi Arabia and the other Opec nations to produce not less oil, but more. As journalist George Monbiot once put it, nations are trying simultaneously to “reduce demand for fossil fuels and increase supply”…

How would all this affect the global economy, or pension funds, or the financial health of the Middle East, the US and other carbon-rich nations doing most to resist a global climate deal? For all the confident opinion on both sides, no one can say for sure, just as no one can be certain how human society will fare in a warming world. But with so much money and power bound up with oil, coal and gas, one thing seems clear: constraining global fossil fuel supplies will take bigger thinking, harder politics and – crucially – a whole lot more public pressure. Voluntary carbon cuts are a great start but they are no match for a system-level feedback in human energy use…”

-Natural Gas

Will Natural Gas Power the Future? August 9, 2012 pbs.org
“Colorado, like many other states around the country, gets most of its energy from burning coal. Skeptics have criticized coal for being a pollutant, and the Environmental Protection Agency (EPA) has increased regulations on emissions from electric power plants, thereby making companies scale back their involvement with coal.

In order to meet the EPA guidelines, some power plants in Colorado are converting some of their plants to burn natural gas instead of coal, and shutting some coal-burning plants down altogether.

Natural gas is currently cheaper than coal and more environmentally friendly. It was therefore an easy decision for U.S. Secretary of the Interior Ken Salazar to endorse as a centerpiece of his platform for America’s energy future.

At the same time, the low prices of natural gas are making it difficult for renewable energy sources like wind and solar to make a case for being cost-effective. While environmentalists are worried that the push for natural gas will simply get us hooked on another fossil fuel, Salazar says that the government will continue to pursue both gas and renewable energy sources going forward.

However, change may be slow and coal companies are not willing to give up their market share to newcomers. It is estimated that at the end of the decade, 48% of our energy will still come from coal-fired plants, but natural gas and renewables will make up a larger market share than ever before. “

-Racism?
*see Deep Thought: Does it matter if your part of another “ethnicity or race”? goodnewseverybodycom.wordpress.com

Avatar hit by accusations of racism
By Anita Singh, Showbusiness Editor

6:31PM GMT 11 Jan 2010 telegraph.co.uk

James Cameron’s $1 billion sci-fi epic Avatar has been hit by accusations of racism.
“..vatar is set on a distant planet populated by the Na’vi, an eco-conscious, blue-skinned alien tribe with no understanding of modern technology. A disabled Marine, played by the Australian actor Sam Worthington, is sent to infiltrate the tribe but soon “goes native” and leads them in a defence of their homeland against the white invaders.

He also falls in love with an alien woman, who rejects a Na’vi suitor and becomes his wife. The main Na’vi characters are played by black actors, including Zoe Saldana and Laz Alonso.

David Brooks, a columnist writing in the New York Times, said: “Avatar is a racial fantasy par excellence … It rests on the stereotype that white people are rationalist and technocratic while colonial victims are spiritual and athletic. It rests on the assumption that non-whites need the White Messiah to lead their crusades. It rests on the assumption that illiteracy is the path to grace…

The ruthless treatment of the Na’vi has been interpreted as a metaphor for the plight of American Indians. Brooks said Avatar followed a long tradition of “white Messiah” movies which began in the 1970s with A Man Called Horse, , starring Richard Harris as an English aristocrat who is captured by a Sioux Indian tribe and becomes their leader, and which includes Kevin Costner’s Dances With Wolves and the Tom Cruise film, The Last Samurai…”
*see Avatar the Movie Reflections-Importance of Cultural Awareness goodnewseverybodycom.wordpress.com

-Conflict
*see Deep Thought: Is “Oil” causing wars? goodnewseverybodycom.wordpress.com

9 Wars That Were Really About Commodities Mamta Badkar Aug. 15, 2012, 2:27 PM businessinsider.com
“..The recent rise in tensions over the disputed South China Sea has drawn attention to the possibility that the conflict is really about natural resources located in the islands of the South China Sea.

With the help of Waverly Advisors we point out that wars over commodities go back centuries.

We re-examine the real motivations behind the Pearl Harbor attack and the German invasion of Russia. We also consider more current geo-political tensions that are being driven by commodities…”

Iron, Steel and Oil – The Fight For Resources I THE GREAT WAR Week 18


“Published on Nov 27, 2014

Four months after the outbreak of the war, a new objective develops: the fight for the most valuable resources. The modern warfare and its war machines need one thing more than anything: Oil, iron, steel or cole can be a matter of life and death. The British advance into the Ottoman Empire and conquer the city Basra. Their goal is to secure their drilling facilities at the Arab Gulf. Meanwhile, the situation at the front is gridlocked, especially in the trenches on the Western Front.

The communication and organisation in the trenches becomes far more complex in course of time. If you want to know how life was in the trenches and how the structure works, click here and watch our special about trenches: http://bit.ly/1vT9Wxr

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-Syria & Russia vs. U.S. & Allies (e.g. Turkey, Saudi Arabia, etc..)?
*see Peace: Avoiding War?

Refugee Crisis & Syria War Fueled By Competing Gas Pipelines By Mnar Muhawesh @mnarmuh | September 9, 2015 mintpressnews.com
“…Media outlets and political talking heads have found many opportunities to point fingers in the blame game, but not one media organization has accurately broken down what’s driving the chaos: control over gas, oil and resources.

Indeed, it’s worth asking: How did demonstrations held by “hundreds” of protesters demanding economic change in Syria four years ago devolve into a deadly sectarian civil war, fanning the flames of extremism haunting the world today and creating the world’s second largest refugee crisis?

While the media points its finger to Syrian President Bashar Assad’s barrel bombs and political analysts call for more airstrikes against ISIS and harsher sanctions against Syria, we’re four years into the crisis and most people have no idea how this war even got started…

Foreign meddling in Syria began several years before the Syrian revolt erupted. Wikleaks released leaked US State Department cables from 2006 revealing U.S. plans to overthrow the Syrian government through instigating civil strife, and receiving these very orders straight from Tel Aviv. The leaks reveal the United State’s partnership with nations like Saudi Arabia, Turkey, Qatar and even Egypt to use sectarianism to divide Syria through the Sunni and Shiite divide to destabilize the nation to weaken Iran and Hezbolla. Israel is also revealed to attempt to use this crisis to expand its occupation of the Golan Heights for additional oil exploration, according to Wikileaks editor Julian Assange…

It’s no secret that Syria’s government is a major arms, oil and gas, and weapons ally of Iran and Lebanon’s resistance political group Hezbollah.

But it’s important to note the timing: This coalition and meddling in Syria came about immediately on the heels of discussions of an Iran-Iraq-Syria gas pipeline that was to be built between 2014 and 2016 from Iran’s giant South Pars field through Iraq and Syria. With a possible extension to Lebanon, it would eventually reach Europe, the target export market…

This “civil war” is not about religion..”
*see Neutral Perspective: Pro & Anti-Pipeline

Thoughts, feedback, comments, etc..?

Good News Education
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