The Onion has just released the defining story of the 21st century… money is in fact nothing more than worthless scraps of paper. The realization came about at a recent Bernanke testimony before Congress.
According to the Onion:
“What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world’s largest economy.
“‘Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…’ said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. ‘You know what? It doesn’t matter. None of this—this so-called ‘money’—really matters at all.’
Risk You Can Believe In
We understand that there is no aspect of life that is risk free. Beyond the obvious personal risks (mountain climbing, sky-diving, drug running, marriage), every human activity carries some degree of risk.
In the extended era of post World War II inflation, money has continually lost purchasing power. Therefore, just staying even involves risk at some level. For business owners and self-employed professionals, the safest and most satisfying investment will be to invest in yourself rather than putting your money in the hands of financial advisors. This means expanding or refining products and services with self-generated revenues rather than by taking on loans and carrying debt.
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