Renting Shares is a term which has been heard a lot lately. There are many that have heard this and are not certain what it means. If you think about buying a house and then renting it the term may be simpler to comprehend.

Covered calls strategy is taught in a detailed course offered by 21st Academy and Jamie Mcintyre called Share Training. This teaches all you need to know about Renting Share Out and making passive profits in a short period of time. This can provide all the details on strategies and techniques needed for success. Taught via a home study course all materials are available in videos, DVDs and CDs.

Covered calls and leaps will open the window for you to make a large change in your monthly income for the better. There are many strategies which when learned and applied can easily alter your situation positively. Make money while you sleep with this system.

The Share Renting Strategy

The 21st century education system has allowed thousands to go to sleep with the peace of mind that they continue to make profits while they sleep. The strategies taught enable an increase in monthly income using the techniques taught which once learnt will never let you down.

How? Using a unique share market cashflow strategy called “”Share Renting”" or “”Rent Out Shares”".

In the Jamie Mcintyre seminar one can benefit from years of experience and research by Jamie which took tens of thousands of dollars to gather and compile.

It will not be that hard for you to learn the necessary strategies for success. All you have to do is use the same strategies that other successful investors have come up with. Once you use the Jamie Mcintyre program and duplicate his actions then you will be on your way. There is no need to be grasping at straws and struggling. Once these strategies are implemented you are on your way.

The Key is to Take Action

If your already using the renting of shares strategy, congratulations on taking action and no doubt you’re probably thinking why isn’t everyone doing this!

If you are yet to start, here is a little motivation. If you look at this a different way, it is costing you around $2,000 to $3,500 per month, every month that you are NOT renting your shares out.

The Jamie Mcintyre seminar will show you that if you are an above average person that you will be throwing away as much as $5000 – $15000 per month by not using this system and implementing some very simple strategies.

For further residual income shares strategies click here: Renting Shares

Technorati Tags: renting shares, share renting

The DayTrading Robot works in the penny stock markets because penny stocks are the ones that have the largest percentage gains in the shortest amount of time. If you want to make a lot of money in a short amount of time then you won’t find much success trading the high priced “blue chip” stocks because they are already near peak levels. This is really obvious when you stop and think about it. Making large amounts of money on the stock market isn’t about picking the stocks with the highest price gain, it’s about picking the stocks with the highest percentage gain. That’s a very important concept you must understand so that you can understand why this software picks penny stocks.

When you go to the official website of The Day Trading Robot Newsletter you will find truly astonishing evidence of the power of this software. On December 16th the software said it was time to pick TLLE at just 13 cents. By the next day that same stock was over 40 cents. It doesn’t take a genius in math to understand that 40 is more than three times as high as 13.

A very simple example of how much money you can make with a 300% gain is to imagine that you put $1000 into a stock that goes from 13 cents to 39 cents. That’s exactly 300%. That $1000 worth of stock would now be worth $4000. And if you sell it at 39 cents then you’ve made $3000 in just one day. You could trade high priced stocks for many years and never make a 300% gain. That’s the logic behind buying and selling penny stocks.

Technorati Tags: day trading, Day Trading Robot, DayTrading Robot, Make Money Online, Stock Pick Newsletter

All telephone numbers in America begin with the digits 555.

Most dogs are immortal.

If being chased through town, you can usually take cover in a
passing St. Patrick's Day parade – at any time of the year.

All beds have special L-shaped cover sheets which reach up to the
armpit level on a woman but only to waist level on the man lying
beside her.

All grocery shopping bags contain at least one stick of French
Bread.

It's easy for anyone to land a plane providing there is someone in
the control tower to talk you down.

Once applied, lipstick will never rub off – even while scuba
diving.

The ventilation system of any building is the perfect hiding
place. No-one will ever think of looking for you in there and you
can travel to any other part of the building you wish without
difficulty.

If you need to reload your gun, you will always have more
ammunition – even if you haven't been carrying any before now.

You're very likely to survive any battle in any war unless you
make the mistake of showing someone a picture of your sweetheart
back home.

Should you wish to pass yourself off as a German officer, it will
not be necessary to speak the language. A German accent will do.

If your town is threatened by an imminent natural disaster or
killer beast, the mayor's first concern will be the tourist trade
or his forthcoming art exhibition.

The Eiffel Tower can be seen from any window in Paris.

A man will show no pain while taking the most ferocious beating
but will wince when a woman tries to clean his wounds.

If a large pane of glass is visible, someone will be thrown
through it before long.

The Chief of Police is always black.

When paying for a taxi, don't look at your wallet as you take out
a bill – just grab one at random and hand it over. It will always
be the exact fare.

Interbreeding is genetically possible with any creature from
elsewhere in the universe.

Kitchens don't have light switches. When entering a kitchen at
night, you should open the fridge door and use that light instead.

If staying in a haunted house, women should investigate any
strange noises in their most revealing underwear.

Word processors never display a cursor on screen but will always
say: Enter Password Now.

Mothers routinely cook eggs, bacon and waffles for their family
every morning even though their husband and children never have
time to eat it.

Cars that crash will almost always burst into flames.

The Chief of Police will always suspend his star detective – or
give him 48 hours to finish the job.

A single match will be sufficient to light up a room the size of
RFK Stadium.

Medieval peasants had perfect teeth.

Although in the 20th century it is possible to fire weapons at an
object out of our visual range, people of the 23rd century will
have lost this technology.

Any person waking from a nightmare will sit bolt upright and pant.

It is not necessary to say hello or goodbye when beginning or
ending phone conversations.

Even when driving down a perfectly straight road it is necessary
to turn the steering wheel vigorously from left to right every few
moments.

All bombs are fitted with electronic timing devices with large red
readouts so you know exactly when they're going to go off.

It is always possible to park directly outside the building you
are visiting.

A detective can only solve a case once he has been suspended from
duty.

If you decide to start dancing in the street, everyone you bump
into will know all the steps.

Most laptop computers are powerful enough to override the
communication systems of any invading alien civilization.

It does not matter if you are heavily outnumbered in a fight
involving martial arts – your enemies will wait patiently to
attack you one by one by dancing around in a threatening manner
until you have knocked out their predecessors.

When a person is knocked unconscious by a blow to the head, they
will never suffer a concussion or brain damage.

No-one involved in a car chase, hijacking, explosion, volcanic
eruption or alien invasion will ever go into shock.

Police Departments give their officers personality tests to make
sure they are deliberately assigned a partner who is their total
opposite.

When they are alone, all foreigners prefer to speak English to
each other.

You can always find a chainsaw when you need one.

Any lock can be picked by a credit card or a paper clip in seconds
– unless it's the door to a burning building with a child trapped
inside.

An electric fence, powerful enough to kill a dinosaur will cause
no lasting damage to an eight year old child.

Television news bulletins usually contain a story that affects you
personally at that precise moment."

They are so true!!! I can't stop laughing! Why is the truth so funny?

The goal of public education is to provide a well-rounded education as well as an opportunity to follow a more narrowed path towards a desired career. Students will be required to learn the basic subjects: English, math, history, science, music/art, nutrition and physical fitness. Once the core requirements have been completed, students will be able to choose a path, if confident about their career choice, or be able to continue pursuing the liberal arts while be able to experiment with other subjects as well. By providing interests that will cater to all, we hope to decrease the drop out rate and have stronger young men and women entering the workforce upon graduation.

Schooling is mandatory for all children ages five to sixteen unless special circumstances may arise. The federal government will contribute at least forty cents for every dollar spent on public education and more may be allotting if deemed necessary. Since the government is contributing a large amount, certain guidelines will be put into effect concerning how the money is to be spent. Since technology is constantly changing the face of our school system, a committee will be summoned every five years to make adjustments to the current schooling system and budget.

The curriculum will be left to the states to decide but there will be nationalized tests to be sure that all states are providing education at an expectable level. In the sixth grade students will be tested on the following subjects and skills areas:

Reading and interpreting passages and their ability to write
Basic mental math skills and be able to complete problems that will prepare them for higher level math
Analyze scientific graphs and know basic facts of the different divisions of science
Answer multiple choice questions on general United States and world history

Once into high school students will be required to complete a certain number of courses before graduation. This is to give every student a basic knowledge and for those who are unsure of what to do next, this curriculum will help students realize what it is they are truly interested in. Although these courses are required for students, there is the possibility of testing out of the subject to not make learning repetitive and dull. Required courses are as follows:

Three years of English
Two years of math
Two years of world history
One year of United States history
Two years of science
Art history, studio art, history of music or music course
Nutrition and health
Physical fitness

Once the required courses have been completed, or fulfilled by adequate testing, students can choose a track they wish to pursue. There will be upper level courses in all the basic subjects. Schools should also provide courses in computer science, business, drama, film, and other areas schools wish to include. Students may also receive credits through a work-study program if pre-approved by the school. Qualifications for the work study program involve:

School approved job
Reports from employer on employee status
Current resume and ability to make good cover letter
Ability to still take courses in school while maintaining a job (Course load will be lower for those participating in the work study program)

There should also be a trade school where students can become certified in a certain profession by the time they graduate from high school and proceed directly into the work force. Such programs may include but are not limited to:

Auto body repair and technology
Computer technology
Carpentry
Cosmetology
Criminal Justice
Culinary Arts
Early Childhood Education
Electrical Technology
Electronic Technology
Fashion Design
Nursing Assistant
Plumbing/Heating and Air Conditioning
Small Animal Care
Welding

With increased courses being offered to students, number of school buildings themselves will need to be cut to allow all schools to be equal and to adequately use the federal funding. Students may have to commute thirty or more minutes to school each day. Although this will be an inconvenience, schools will provide transportation to and from school and after school activities.

I don’t see where this plan is any (or much) different than what is currently in place. I graduated from high school 5.5 years ago and in high school, and I had:

4 years of English/Literature
2 years of Math
4 years of Science
2 years of World History
1 year of US History
1 semester of US Government
1 semester of Economics
1 semester of communications
3 semesters of electives (media/library aide)
1 semester of drama
1 semester of phys ed
2 years of trade school (automotive)

I commuted 44 miles per day for 4 years of high school.

I really don’t see where this plan is much different than what is already offered.

Free market advocates, however, should not get carried away by the price action in the market place. In a free market, there is nothing wrong with individuals reassessing hitherto held expectations, entailing changes in relative prices. A free market is a discovery process, based on trial and error. Usually the effects of errors made by some are compensated for by the gains of successful decisions taken by others, and the economy expands.

Sometimes, however, the effects of errors dominate, and the economy experiences what people call a crisis: income growth is (feared to be) lower than what people think it should, and could, be. In that sense a crisis is a correction of bad decisions. It is an indispensable part of the free market. It pushes those producers out of business who do not satisfy the needs of their clients, and it rewards those who serve their customers well.

A crisis must be feared, however, if it has been caused by government action, and if the obvious signs of the crisis provoke ever greater doses of government intervention. In this case, the market would be prevented from doing its job properly. Bad decisions would be perpetuated, and the ultimate crisis may become nasty.

Diagnosing the Causes of the Crisis

It is against this background that one may wish to review the US central bank's series of rate cuts, the latest being a big 75-basis-points rate slash on January 22, 2008, which brought the official Fed Funds Target Rate to 3.5%.[1] While the Fed's moves were mostly hailed in public as appropriate measures to help the economy avoid recession, Austrian economists hold a completely different view.

According to the Austrian Monetary Theory of the Trade Cycle it is the government-run money-supply monopoly that has not only caused the crisis; the theory also diagnoses that rate cuts will not solve the crisis, but will make it even worse.

Central banks, the government agents holding the power over the printing press, pursue a monetary policy of "interest rate steering" or, in other words, pushing the interest rate down as much as possible by relentlessly increasing credit and money supply. It is this inflationary monetary policy that causes trouble.

Ludwig von Mises pointed out that

today credit expansion is exclusively a government practice. As far as private banks and bankers are instrumental in issuing fiduciary media, their role is merely ancillary and concerns only technicalities. The governments alone direct the course of affairs. They have attained full supremacy in all matters concerning the size of circulation credit. While the size of the credit expansion that private banks and bankers are able to engineer on an unhampered market is strictly limited, the governments aim at the greatest possible amount of credit expansion.[2]

Initially, the artificial lowering of the interest rate creates an illusion of richness and affluence. The increase in the money stock via bank credit expansion erroneously suggests that the supply of savings increases. Investment picks up, and the economy expands. The illusion of plentiful resources leads to malinvestment, and sooner or later the boom turns into a bust. While the money-fueled expansion is a manifestation of the crisis, it is actually the slump — the correction of malinvestment — that people complain about.

The alleged fight against the crisis

Once a crisis unfolds, central banks are called upon to lower interest rates — in ignorance of the fact that a monetary policy of pushing down the interest rate has caused the misery in the first place. Cheaper borrowing costs, it is believed, would revive the economy by stimulating investment and consumption, thereby adding to output and employment. Lower interest rates would raise the prices of stocks, bonds, and housing, translating into "wealth effects" which in turn strengthen demand.

The obsession with a policy of lowering the interest rate is rooted in a deep-seated ideological aversion against the interest rate. It is a destructive ideology, in particular if the government is in charge of the money supply. Because then the government central bank will lower the interest rate to whatever is deemed appropriate from the viewpoint of the government, pressure groups, and vested interest.

However, the interest rate is a reflection of peoples' "time preference": because of scarcity, people value goods and services available today ("present goods") more highly than goods and services available at a later point in time ("future goods").[3] This is why present goods trade at a premium over future goods. That premium is the interest rate, or the "time preference rate." The interest rate is a free-market phenomenon.

A policy of suppressing the market interest rate through a government-sponsored credit expansion, Mises noted, is a policy against the free market:

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.[4]

Causing Inflation

A monetary policy of lowering the interest rate via expanding credit and money corresponds to the widely held view that "some inflation" is a requisite for economic expansion. In fact, the "inflation bias" has become so widespread that nowadays inflation (the rise in the money supply) is much less feared than deflation (the decline in the money supply).

Mises was aware of what happens once the inevitable crisis caused by a manipulation of the interest rate unfolds: "In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils inflation and credit expansion have brought about."[5]

The current credit crisis is a sad case in point: with monetary policy having caused inflation and malinvestment, it is now called upon to pursue a policy that leads to even more inflation and malinvestment.

Could monetary policy become "ineffective," that is, could it fail to create inflation? For instance, the Bank of Japan's rate cuts around the beginning of the 1990s — as a reaction to falling asset prices and a growing volume of bad loans in banks' portfolio — did not succeed in bringing credit and money growth rates back to precrisis levels. Even with official rates at virtually zero, the economy remained in stagnation and the Japanese stock market continued to decline.

Against the backdrop of the Japanese experience it should be noted that there is no limit to central-bank money printing. Central banks can, at any one time, buy any assets from banks and nonbanks such as bonds, real estate, foreign currencies, etc. If a central bank buys, say, debt from the corporate sector, it increases the money stock in the hands of nonbanks directly; the commercial banking sector is not needed for increasing the money supply.

Central banks' unlimited power over the money supply has been made pretty clear by the chairman of the US Federal Reserve, Ben S. Bernanke, in November 2002:

[T]he U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.[6]

So if the government is determined to create inflation, there should be hardly any doubt that there will be inflation. The Fed's series of rate cuts suggests that the bank tries to create additional credit and money via lowering the interest rate on base money. But if such action fails to yield inflation, it does not take much to expect that the central bank may take recourse to less "regular" operations, if and when such an inflation policy is deemed necessary to solve the credit crisis.

So far, at least, US bank credit and money supply growth has remained at a very high level. In December 2007, banks' commercial and industrial loans grew at 10.9% y/y, and total bank loans and leases were up 10.8% y/y. Real estate loans — most likely as a consequence of the defaults in the subprime markets — slowed down somewhat, but were still running at 6.3% y/y. Against this background the Fed rate cuts should actually accelerate the erosion of the exchange value of money further.

Threatening Freedom

Inflation is a societal evil. It redistributes real wealth from creditors to debtors. It impairs the role of money as a means of exchange. The efficiency of the market's price mechanism is greatly reduced, encouraging bad decisions, which in turn harm peoples' economic well-being. At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency.

Print $17
Audio $25
Mises noted:

Nothing harmed the cause of liberalism more than the almost regular return of feverish booms and of the dramatic breakdown of bull markets followed by lingering slumps. Public opinion has become convinced that such happenings are inevitable in the unhampered market economy. People did not conceive that what they lamented was the necessary outcome of policies directed toward a lowering of the rate of interest by means of credit expansion. They stubbornly kept to these policies and tried in vain to fight their undesired consequences by more and more government interference.[7]

From the Austrian viewpoint, the current credit crisis appears to be a precursor of great inflation. If a deliberate policy of great inflation is chosen in the United States, a monetary policy of debasing the currency would most likely also take hold in other currency areas of the world. The credit crisis has become a threat to the free societal order: as people become dispirited with the free market order, the door would be pushed open for anti–free market policies.

————————————–…

Thorsten Polleit is Honorary Professor at the Frankfurt School of Finance & Management. Send him mail. See his archive. Comment on the blog.

Notes

[1] The FOMC rate cut was made "in view of a weakening of the economic outlook and increasing downside risks to growth. While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households." US Federal Reserve, Press Release, 22 January 2008.

[2] Mises, L. v. (1996), Human Action, p. 794.

[3] For the explanation of the Austrian theory of the interest rate, see Rothbard, M.N. (1993), Man, Economy, and State: A Treatise on Economic Principles, pp. 31
1 day ago – 2 days left to answer.

Huh? I forgot what the question was.

Seriously, though, we have experienced at least 5 years of inflation. We may continue to see some more for another year or two at the most. But that won't make much a a difference for the USA as the credit ratings of the majority of middle income earners is pretty will shot for the next 5 to 7 years. That means less consumer spending which will lead to layoffs and closures of businesses.

In other words, I wouldn't worry about inflation. Worry about the inevitable depression.

i'm sure you'll be able to download it

Blair:

Saddam Hussein
Immigration
Rights of Gays and cohabiting couples
Foxhunting
Continuing the peace process that had been started in Northern Ireland
Affordable housing for first time buyers.

Thatcher:

The effect on employment by the flood of cheap, well made Japanese electronic and motoring products into our market place.

The effect on employment in industry and commerce who were converting to computer power.

The effect on employment by the cheaper sources of energy such as oil, nuclear and North Sea gas replacing older and more polluting sources.

The damage being done to the public having problems paying bills and mortgages because the trade unions were in the grip of Marxist union leaders and who were frequently forcing their members out on strike and abusing those who couldn't afford to.
AmmtusS:

if you were'nt around at the time you wouldn't understand my list.
The economy was already 'wracked' as you put it.
The country was bankrupt and we had to go to the International Monetary Fund to stay solvent. Usually a resort used by third world countries.
That was why she was swept into power.
Darkchil…

You have some good points.
It was Thatchers efforts at that time that we are now benefiting economically now.
Voice of….

You have given an unbalanced response.
We are supposed to be comparing Blair/Thatcher records not half of the Prime Ministers since the war.

I think that the implications in your sub-text are about right. Thatcher put Britain first and tried to resolve serious issues like, as you have referred to, the destruction of Britain by the Unions. Blair-ism, has left Britain with extremely serious social problems. Probably too late to resolve. His side-kick has done a smoke and mirrors job on the economy, largely based around borrowed money, grossly inflated house prices, PFI, stealth taxes, and much more. Therefore, the economy is 'shot at' as well, as will soon become apparent.