Financial Freedom Tips » Chapter

Crash Course: Chapter 8 – The Fed & Money Creation by Chris Martenson

admin — Sun, 17 Apr 2011 15:14:49 +0000

Chapter 8 (The Fed Money Creation): Chapter 7 explained money creation via money loaned into existence by banks, on the local level. Chapter 8 explains money creation by the Federal Reserve, where we learn that it is manufactured out of thin air. Perpetual expansion is a requirement of modern banking. The banking system MUST continually expand, because that is how it was designed. By understanding the requirement for continual expansion we will be in a better position to make informed decisions about what is likely to transpire and take meaningful actions to enhance our prospects. www.chrismartenson.com

Crash Course: Chapter 16 – Fuzzy Numbers by Chris Martenson

admin — Tue, 15 Mar 2011 21:29:55 +0000

Chapter 16 (Fuzzy Numbers): Dr. Martenson explores how inflation and GDP are measured, how their measurement has changed over years, and what that means concerning the integrity of these government statistics. Substitution, Weighting, Imputations, and Hedonics and their effects on calculating inflation and GDP are each examined. Dr. Martenson traces the social impact of these shady statistics, and finishes by showing how a dishonest determination of inflation further deforms an already flawed GDP calculation. www.chrismartenson.com

Crash Course: Chapter 13 – A National Failure to Save (2 of 2) by Chris Martenson

admin — Tue, 28 Dec 2010 01:40:24 +0000

Chapter 13 (A National Failure To Save – Part 2 of 2): “The next twenty years are going to be completely unlike the last twenty years.” — Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed assets, is first step on the road to bankruptcy. www.chrismartenson.com

Crash Course: Chapter 17c – Energy and the Economy by Chris Martenson

admin — Fri, 24 Dec 2010 06:35:59 +0000

Chapter 17c – Energy and the Economy: What if our exponentially-based economic and monetary systems are really just an artifact of oil? What if all of our rich societal complexity and all of our trillions of dollars of wealth and debt simply are the human expression of surplus energy pumped from the ground? In this chapter, Dr. Chris Martenson predicts what will happen when economic, population, and energy growth reach their natural limits. www.chrismartenson.com

Crash Course: Chapter 11 – How Much is a Trillion? by Chris Martenson

admin — Tue, 14 Dec 2010 07:24:37 +0000

Chapter 11 (How Much Is A Trillion?): Recently, we have gotten used to hearing the word “trillion.” From trillions of dollars of government debt to trillion dollar bailout packages, we are spending enormous sums of money. However, most of us dont realize how much a trillion actually is. Dr. Martenson explains how much a trillion is using a few examples, such as a 67.9 mile high stack of $1000 bills. As he concludes: “Make no mistake, a trillion is a very, very big number and we should not be lulled into complacency simply because it is too big to really get our minds around. That should drive us to action instead.” www.chrismartenson.com

Crash Course: Chapter 13 – A National Failure to Save (1 of 2) by Chris Martenson

admin — Sat, 20 Nov 2010 02:36:08 +0000

Chapter 13 (A National Failure To Save – Part 1 of 2): “The next twenty years are going to be completely unlike the last twenty years.” — Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed assets, is first step on the road to bankruptcy. www.chrismartenson.com

IOUSA: Chapter 1

admin — Tue, 09 Nov 2010 04:39:18 +0000

Few are aware that America may be on the brink of a financial meltdown. IOUSA explores the country’s shocking current fiscal condition and ways to avoid a national economic disaster.

Crash Course: Chapter 13 – A National Failure to Save by Chris Martenson

admin — Wed, 27 Oct 2010 09:21:05 +0000

Chapter 13 (A National Failure To Save): “The next twenty years are going to be completely unlike the last twenty years.” — Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed assets, is first step on the road to bankruptcy. www.chrismartenson.com

Crash Course: Chapter 5 – Growth vs. Prosperity & Chapter 6 – What is Money? by Chris Martenson

admin — Tue, 19 Oct 2010 18:58:31 +0000

Chapter 5 (Growth Vs. Prosperity): Contrary to what we’ve grown used to, growth is not the same thing as prosperity. In fact, growth and prosperity are both dependent on the same thing: surplus. Dr. Martenson explains how we’ve been conditioned to want, and to take, both growth and prosperity; however, we are approaching the limits of our physical, finite, earth – the amount of surplus is steadily declining. Chapter 6 (What is Money?): What is a dollar? Sure, it allows us to buy things like food, cars, and iPods; yet, most of us don’t really understand money beyond that. Dr. Martenson not only provides an understandable definition, but also explains what gives our green pieces of paper value, and what dangers any currency must face. www.chrismartenson.com

The Chapter 11 Bankruptcy Law

admin — Wed, 11 Aug 2010 02:12:17 +0000

When a company is left with no choice but to declare itself bankrupt, it can do so under Chapter 7 of the bankruptcy law and get the federal government’s protection. In this process, the assets will be liquidized and the creditors will be paid off. A lot of companies prefer to do this, but there are certain companies that prefer filing under the Chapter 11 bankruptcy law.

In short, Chapter 11 bankruptcy is when the company asks the government for protection and does not choose to be dissolved and liquidized. The company will be protected partly or wholly from its creditors but will not be dissolved. The court will make a decision according to the debts a company has incurred. Under Chapter 11 bankruptcy, the creditors take over the entire company and run it.

The underlying principle that is behind Chapter 11 bankruptcy is that when the assets belonging to the company are not sufficient to clear debts, the creditors fail to get their entire debt amount. Then the creditors take over the whole company because its value is more than its individual assets. In such cases, a company is said to be bankrupt under the Chapter 11 bankruptcy law. Here the owners that are the shareholders of the company lose their control over the company and then the court decides who should take over the functioning of the company.

Here the best thing is that the creditors receive more benefits and money under Chapter 11 bankruptcy than what they would generally have received under Chapter 7 bankruptcy. People working for the company that is filing bankruptcy do not lose their jobs. The assets are kept intact to produce profits.

Creditors registering in court get an opportunity to be heard during Chapter 11 bankruptcy. The creditors come up with a restructuring plan if the debtors do not have any proposal. This plan gives them a chance to take over the company. The shares of such companies are generally considered to be of no value, the owners suddenly are empty handed and have nothing.

The court has to confirm the creditors’ plan of restructuring. This means the court has to accept and approve it. Submitting a variety of restructuring plans is quite common under Chapter 11 bankruptcies. If no restructuring plan gets an approval from the court then the case is likely to be converted to Chapter 7 bankruptcy instead.

The creditors under Chapter 11 bankruptcy are given the same preference as those under Chapter 7. People who have secured debts are given preference. People who have collateral securities will be given first preference to receive payments.

The other thing is that until the first creditor receives his full payment and is satisfied, the next creditor in line will have to wait. Similarly as in the case of Chapter 7 bankruptcy, if a creditor has not registered within the limited time then he loses his chance. A second chance is given to a company under Chapter 11 bankruptcy.

If you are faced with Bankruptcy, try visiting

http://bankruptcy.explore-me.com, a popular bankruptcy website that

offers tips, advice and resources including information on

Buying A Home After Bankruptcy and Credit After Bankruptcy.