Interested in interest?

What you actually pay (or receive) in interest is seldom what you think. Calculating interest payments would be lot less complicated if people used “simple interest” (which would just be a straight percentage) – but almost NOBODY does. Compounded, annual percentage rates (APR), and amortized values are usually quite different from what most people believe they are agreeing to. Continue reading

Shhhh! Don’t tell anyone!

The tallest structure in the world is (Burj Khalifa) in Dubai (United Arab Emirates). It was paid for in SILVER. Dubai is one of a growing number of countries that do not accept the Federal Reserve Notes (called “Dollars” by Americans) that have been the “reserve currency” of the world since 1944. Continue reading