Dumbest idea of the presidential campaign

I haven’t even read what most of the hopefuls want to do, but this has got to be the stupidest idea of the whole bunch. Otherwise something is seriously wrong.

By legalizing competing currencies, we can end the Federal Reserve’s stranglehold on our money supply and begin to restore value to the dollar.

What does he want to do here? Let the mexicans keep using the peso when they cross over and the canadians use their dollar as well? Have private companies start their own new currencies? I don’t think people will be too accepting of needing to price goods in a dozen different currencies or paying to convert when buying things. Having some border towns using the peso isn’t going to bolster the dollar. Having new private companies run competing currencies isn’t going to help what he considers a problem created by “[the] Federal Reserve, an unelected and unaccountable private organization.” Those too would be unelected, unaccountable and well, private. If anything the USA switching away from the US dollar should cause the currency to plummet dramatically instead of restoring any value.
Somehow, even without looking at any of the other ideas, I think I can safely declare this one the dumbest.

RRSP season

Oh hey, I suppose there’s one more thing to say today. All sorts of advertisements from people looking to get investment dollars. I’ve got a rough idea where I want to put mine. The big thing this year seems to be real-estate investments. I’ll probably be putting some money into real-estate, but I don’t think I’ll put RRSP money into there. I don’t really understand all the tax rules, but as I understand it, you get to depreciate the cost of the building. These things also tend to be mortgaged. Right now, I’m under the impression that roughly four times my original investment should simply be returned to me as depreciation. Maybe I’m abnormal having more more money to invest than my RRSP contribution limit, but there just isn’t enough talk about the tax implications of different investments.

Wow spam

It’s been a long time since I logged in here. I kind of miss writing here. Well, I still remember my password. Not sure what to say about what’s happened lately, so I’m just going to skip that. Gotta work tomorrow, so all I’ll say is it’s amazing the amount of spam a dead blog picks up. Like 3000 posts worth.