Categories
liberty markets

Ron Paul – Revival of the Liberty Movement

Ron Paul was inspirational when I started to learn about the Federal Reserve and what American money really was. It was a shocking educational journey which started when an applicable video of Ron Paul questioning Ben Bernanke in the Congress was posted on Digg.com, the precursor to Reddit.

After learning from him I donated to his campaign. I then became involved in his campaign in Illinois going to Meetups and making signs, posting signs around Lake County, IL. The most active supporter in the Chicagoland area is a man named Bob Schlerth and he was responsible for most of the signs made that I put up.

Chicago Rally 2017
Des Moines, Iowa where hundreds of young supporters took the streets

I met so many cool people and new this movement would change things. Now here we are with President Trump who works with and is supported by the Liberty Caucus and Tea Party Caucus. A lot of the ideas from the Ron Paul campaign are now the prominent views in America. The Tea Party Caucus hold 36 seats in the House and Senate.

Ron Paul’s and my hard work paid off.

For learning about money and how it is used by the Fed I recommend reading Creature from Jekyll Island by G. Edward Griffin.

Categories
markets tech

Itron, Inc. and Smart Infrastructure

The company which manages ComEd smart meters and Chicago Street Lights is called Itron. They have infrastructure to manage meters and ensure uptime to ensure there is no waste in infrastructure systems.

Itron has been making strides in transforming city and utility company infrastructure to become smart and adaptable. They have teams around the world to ensure uptime of all the sensors and networks.

This company is the missing link when it comes to adapting cities to the modern connected era. Soon Itron smart traffic signals will be talking to cars and adapting to real time conditions.

I estimate real time traffic algorithms adjusting traffic lights are about 5 years away in every major American city.

In Paris they have started to implement smart traffic lights and use Itron.

I expect you to hear more about Itron as cities around the globe have a need to implement technology across their grid.

Categories
markets

Austrian Economics and the Business Cycle

The business cycle is something we are taught in school. We are told that it is a certainty in economics. Austrian Economists have proved that the business cycle has a cause.

The cause of the business cycle is coercive control of the money supply and market intervention. Murray Rothbard is my favorite scholar on the topic, and he summarizes the Business Cycle in his book America’s Great Depression

In the purely free and unhampered market, there will be no cluster of errors, since trained entrepreneurs will not all make errors at the same time.4 The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

[Excerpted from America’s Great Depression, chapter 1 “The Positive Theory of the Cycle,” section “The Explanation: Boom and Depression,” pages 9–14 .]

The current economic era we are living in is Post Credit Crisis Expansion. During the downturn of 2008 in the United States the response from government was a gigantic bailout called TARP:

  1. It contributed $67.8 billion to the $182 billion bailout of insurance giant American International Group.
  2. It used $80.7 billion to bail out the Big Three auto companies.
  3. It loaned $20 billion to the Federal Reserve for the Term Asset-Backed Securities Loan Facility. The Fed lent TALF money to its member banks so they could continue offering credit to homeowners and businesses.
  4. It set aside $75 billion to help homeowners refinance or restructure their mortgages with the Homeowner Affordability and Stability Plan.
    SOURCE: https://thebalance.com

We are now experiencing a boom in the American stock markets resulting from this injection of paper money. We are now to experience the next cycle unless something magical happens to eliminate the market intervention and fiat money system.

To learn more about the Business cycle and Austrian Economics you should visit https://mises.org and https://lewrockwell.com

Categories
markets tech

Tracking Finances in GnuCash

How to download transactions from PNC Bank for gnucash

Information on how to download PNC and Capital One transactions.

I’ve started tracking my finances in Gnucash. It builds great reports. I exported data from 90days – 1 year and categorized every transaction on 3 accounts that I use for daily spending.

It was hard to find the button on PNC’s website to export data, even though it is on the Main Banking Account page. To export data from PNC you have to login to online banking on desktop and the export button is right where green arrow is in the image.

You would export your PNC transactions to a QFX file. It contain’s 90 days of ledgers. It is possible to use Online banking with Gnucash to sync within the App, however I couldn’t get that to work.

Capital one has an option to download your transactions from up to one year. See screenshot for how to download capital one transaction history as a QIF file. You can select transactions up to 1 year in the past.

How to download transactions for GnuCash on Capital one website and app.

When you have the transactions downloaded you can start to categorize and budget. Gnucash also has the ability to track stock portfolio’s. The reporting tool is very powerful and there are a bunch of reports built in to track Expenses, Income, Budget, Portfolio, Liabilities, etc.

For more information about GnuCash read the documentation in the linux package gnucash-docs and hitting F1 in the application. It also runs on Windows pretty well! Get to budgeting!