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Jim Puplava
James Joseph (Jim) Puplava (born 1950) is an American investment analyst, financial planner and financial podcast host born in Gary, Indiana. He is the founder and president of Financial Sense Wealth Management. He is also chief author and host for the ''Financial Sense Newshour''. His companies manage $500 million for more than 825 clients. Early life and education Puplava was raised in Arizona by Czechoslovakian immigrant parents. He grew up in a family of 10 children. Puplava graduated ''cum laude'' in History and Economics from Arizona State University. He then went on to graduate ''summa cum laude'' with a Master's Degree in Finance and Accounting from the American Graduate School of International Management (Thunderbird). Puplava is a Certified Financial Planner, Certified Tax Specialist, Certified Income Specialist, Certified Estate and Trust Specialist, Certified Fund Specialist, Certified Annuity Specialist, Accredited Investment Fiduciary, Certified Social Securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary, Indiana
Gary ( ) is a city in Lake County, Indiana, United States. The population was 69,093 at the 2020 United States census, 2020 census, making it Indiana's List of municipalities in Indiana, eleventh-most populous city. The city has been historically dominated by major industrial activity and is home to U.S. Steel's Gary Works, the largest steel mill complex in North America. Gary is located along the southern shore of Lake Michigan about southeast of Chicago Loop, downtown Chicago. The city is the western gateway to the Indiana Dunes National Park, and is within the Chicago metropolitan area. Gary was named after lawyer Elbert Henry Gary, who was the founding chairman of the United States Steel Corporation. U.S. Steel had established the city in 1906 as a company town to serve its steel mills. Like other Rust Belt cities, Gary's once thriving steel industry has been significantly affected by the disappearance of local manufacturing jobs since the 1970s. As a result of this economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matt Simmons
Matthew Roy Simmons (April 7, 1943 – August 8, 2010) was founder and chairman emeritus of Simmons & Company International, and was a prominent figure in the field of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies. He served as an energy adviser to U.S. President George W. Bush and was a member of the National Petroleum Council (US), National Petroleum Council and the Council on Foreign Relations. Simmons, who lived in Houston, Texas, died at his vacation home in North Haven, Maine, on August 8, 2010, at the age of 67."Utah native Matthew Simmons, energy investment banker, dies in Maine" ''Deser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Heinberg
Richard William Heinberg (b. October 21, 1950) is an American journalist and educator who has written extensively on energy, economic, and ecological issues, including oil depletion. He is the author of 14 books, and presently serves as the senior fellow at the Post Carbon Institute. Early life Heinberg grew up in St. Joseph, Missouri. His father, William Heinberg, was a chemist and high-school physics and chemistry teacher. Heinberg's interest in science came from his father, but at an early age, he rejected his parents' fundamentalist Christian beliefs. At one point he lived at Colorado's Sunrise Ranch, headquarters of the "Emissaries of Divine Light" group, which Heinberg referred to as "a sort of benign cult". Career After two years in college and a period of personal study, in November 1979 Heinberg became personal assistant to Immanuel Velikovsky. After Velikovsky's death, Heinberg assisted his widow in editing manuscripts. He published his first book in 1989, ''Memorie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association For The Study Of Peak Oil And Gas
Association may refer to: *Club (organization), an association of two or more people united by a common interest or goal *Trade association, an organization founded and funded by businesses that operate in a specific industry *Voluntary association, a body formed by individuals to accomplish a purpose, usually as volunteers * Non profit association, a body formed by individuals to accomplish a purpose without any profit interest *Collaboration, the act of working together Association in various fields of study *Association (archaeology), the close relationship between objects or contexts. * Association (astronomy), combined or co-added group of astronomical exposures *Association (chemistry) *Association (ecology), a type of ecological community *Genetic association, when one or more genotypes within a population co-occur *Association (object-oriented programming), defines a relationship between classes of objects *Association (psychology), a connection between two or more concep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peak Oil
Peak oil is the point when global oil production reaches its maximum rate, after which it will begin to decline irreversibly. The main concern is that global transportation relies heavily on gasoline and diesel. Adoption of electric vehicles, biofuels, or more efficient transport (like trains and waterways) could help reduce oil demand. Peak oil relates closely to oil depletion; while petroleum reserves are finite, the key issue is the economic viability of extraction at current prices. Initially, it was believed that oil production would decline due to reserve depletion, but a new theory suggests that reduced oil demand could lower prices, affecting extraction costs. Demand may also decline due to persistent high prices. Over the last century, many predictions of peak oil timing have been made, often later proven incorrect due to increased extraction rates. M. King Hubbert introduced the concept in a 1956 paper, predicting U.S. production would peak between 1965 and 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Money
Fiat money is a type of government-issued currency that is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1976 by the Jamaica Accords, the major currencies in the world are fiat money. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people as a means of payment for liabilities. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver
Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. Silver is found in the Earth's crust in the pure, free elemental form ("native metal, native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of the seven metals of antiquity, silver has had an enduring role in most human cultures. Other than in currency and as an in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metal
Precious metals are rare, naturally occurring metallic chemical elements of high Value (economics), economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less reactivity (chemistry), chemically reactive than most elements. They are usually ductile and have a high Lustre (mineralogy), lustre. Historically, precious metals were important as currency but they are now regarded mainly as investment and industrial raw material, raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the precious coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewellery, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their pra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Funds
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts. Over long durations, passively managed funds consistently outperform actively managed funds. Open-end funds are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laddering
Laddering is an investment technique that requires investors to purchase multiple financial products with different maturity dates or "rungs". The technique provides diversification, and thereby yield stability. Benefits Laddering avoids the risk of reinvesting a large portion of assets in an unfavorable financial environment. Each "rung" of the ladder is a bond of a specific maturity date and the "height" of the ladder is the difference between the shortest maturity bond and the longest maturity bond. The more rungs in the ladder (10 or more is recommended), the better the diversification, the more stable the yield, and the higher the average yield. For example, a person has both a 2015 matured CD and a 2018 matured CD. Even if the interest rate is low in 2015 when one certificate is to be renewed, half of the income is locked in until 2018. Laddering can free up capital as needed. A person may purchase a shorter term bond in the event that he needs the capital soon to fund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
