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Decades-Old Investment Wisdom From Albert Einstein
Notes From The Field By Simon Black
March 3, 2020 Bahia Beach, Puerto Rico
Albert Einstein is rumored to have said that “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”
These days interest rates are near zero. The average savings account currently pays .09% interest per year, according to the FDIC. So over the course of a decade, saving $100 with compound interest would give you a grand total of $109.37.
But at the same time, the opposite force is working against us. Inflation currently stands around 2.5%. And that compounds too. What $100 can buy now will cost $102.50 next year. After ten years, assuming inflation stays the same, it will cost $128. So just by saving $100 for ten years, you’ve lost $18.63 of real value.
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Wednesday Afternoon Iraq Parliament News Highlights 5-18-22
The Parliamentary Regions And Governorates Committee Selects A President And Two Deputies
Policy 2022-05-18 | 04:55 Source: Alsumaria news 262 views Alsumaria News – Baghdad The Parliamentary Regions and Governorates Committee chose today, Wednesday, the head of the age and his two deputies.
The Media Department of the House of Representatives stated in a statement received by Alsumaria News, that "the Parliamentary Regions and Governorates Committee chose MP Wasfi Al-Asi as head of the age and Cordo Omar as first deputy, while the MP chose Mohammed Hassan Al-Shamry second deputy.
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Bix Weir and Greg Mannarino Wednesday PM 5-18-2022
Bix Weir:
ALERT! Silver's Moonshot is Guaranteed! Contracts Signed for Delivery THIS YEAR..2022!!
Silver was always the Achilles Heal of the Global Banking Cabal.
They knew it all along and that's the ONLY REASON they have allowed the Price of Silver to be suppressed for over 175 Years.
Now they KNOW it is about to end and they are bracing themselves for the CHAOS!
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Wednesday Evening News with MarkZ 5-18-2022
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: We could use a “golden Burger” today
Member: Instead of “Where’s the beef” try “Where’s the RV”
MZ: On the RV front, bond folks are still not seeing any movement. No updates from CMKX.
MZ: my military people are still looking for somewhere around the 24th or 25th of next week for something big…..I wish I had more for you.
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