USD 3.5 trillion budget plan for Americans

Senate Democats just passed a USD 3.5 trillion plan early Wednesday. The bill will spend on the establishment of a Civilian Climate Corps, adds new dental, cision and hearing benefits to medicare coverage and investment in affordable housing.

Even though the GOP (Republican National Committee) voted against, the bill has passed without a Republican vote. Biden Adminstration previously said the US government will have tax increases on corporations and wealthy individuals to pay for the USD 3.5 trilliion plan.

There are many conerens about the 3.5 trillion plan will cause inflation. President Joe Biden hit back against information concern on Wednesday and would like to downplayed concerns about price hikes. and cited that his plans for the American economy are working. The President Joe Biden said that the consumner price inflation slowed in July. But his adminstration will also outline a number of resolutions  to lower the consumer costs.

However, there is one more concern about his 3.5 trillion plan. There is no one can gurantee the US government will have substantial tax incomes from coporations and wealthy people to cover this plan. Tax incomes may get affected by the pandemic.

Why do Horseshoes mean Lucky?

I have received a very interesting coin recenetly. It is a coin in a horseshoe shape.

2021 Palau Lucky Horseshoe Antique Finish High Relief Silver Coin

Some people may see western people hang horseshoes over their doors of the buildings. Someone like me would like to ask the reason behind this little thing. Why horseshoes?

Let me share you a story about hanging horseshoes over the doors.

This story is about a hermit – St. Dunstan.

St. Dunstan was a very quite and humble hermit as well as skilled metalworker. He lived in a hut where near the church of St Mary.

One night, there was a Devil came to his hut as a woman. However, St. Dunstan vigilantly noticed that he was a Devil instead of a woman. He saw his cloven hooves beneath the dress he wore. Dunstan noticed that the Devil was limping on one of his cloven hooves. He pretended to offer a shoe to help the Devil. He then nailed a red hot horseshoe onto the Devil hoof. 

The Devil screamed and begged St. Dunstan to take it off. Of course St. Dunstan was not going to do it easily.

He said, “You have to make a promise that you will always respect the symbol of the horseshoe and never enter a building that is protected by the sign of a horseshoe.”

Nowsdays, people are still telling about this story to Children in England. And hanging horseshoes over their doors have become one of their tradional. Also, people have different preference about hanging heel up or Down.

Some says that if you hang the horseshoe like a shape of a cup, it means horseshoe fills with good luck, holding it for everyone who lives in that house. 

Some says that if you hang the horseshoe downward, it means good luck flows out from the horseshoe and onto all the visitors and family who come into that house.

Up or down? Which one do you prefer? Let me know your thought.

Business competitions is on

Running a business is a chanllenge particularly during pandemic. Business environment changes, Business model changes, and customers practices chagnes. And companies have to be more innovative and creative to survive than before. 

“Your competitors are doing great discount on products prices. Do we need to follow them?” I ask my boss and show him the advestiment on the social media.

“The company’s best advantage should be a qulity product offered at the right price.” He answers with a smile.

“But they are drawing attention now.” I said. I do not have any ideas about price competition and how the business works. Maybe it is the reason why I am an employee not an entrepreneur. 

“If we let low-price competition continue to disturb the market order without containment, it will have an adverse effect on, and cause disorder to, the profession in the long run.” He explains.

“So, should we just…ignore them?” I confuse.

“If you have a successful company, you will get your market share. We don’t have a monopoly. We have market share.” He seems like care nothing about it and then sips his morning coffee as usual. 

I look at him and wonder. Will I be a successful entrepreneur one day?

The Story Behind The 1933 Double Eagle

The 1933 Double Eagle Coin.

Source: https://commons.m.wikimedia.org/wiki/File:NNC-US-1933-G$20-Saint_Gaudens.jpg#mw-jump-to-license


The change of design for American Eagle gold coin triggers me to study the history or development of the American gold coins. And there is a fascinated story about the Amercian gold coins development in 1933 – The most famous gold coin – The 1933 Double Eagle Gold Coin.

I believe that most people will remember that in 1930s, US was in the bank crisis. In 1933, in order to end the 1930s general bank crisis, US president Franklin D. Roosevelt issued an important executive order – Executive Order 6102.

This Executive order 6102 was about:

  • All persons are required to deliver all gold coins and all gold bullion products which owned by them to Federal Reserve Bank.

It made:

The 1933 Double Eagle: America’s last gold coin struck for circulation and the last gold coin that can be legally owned by an individual.

However, a number of 1933 Double Eagle Gold Coins were stolen or rescured before melting and those stolen coins found their way into the hands of collectors before later being recovered. Some of the 1933 Double Eagle Gold Coins were acquired by King Farouk of Egypt who was a professional collector of many things.

In 2002, one of the 1933 Double eagle was sold to an anonymous bidder at a Stacks Bowers action in New York for USD 6.6 million.

In 2021, the coins was sold for more than USD 18 million.

If one day, you discover this 1933 Double Eagle Gold Coin, remember its story behind this gold coin.

The Summer Rain

It is a summer rain. I see children jumping up and down in the water puddle. They are laughing happily. However, summer rain makes me remember another thing. Something that I hope they never happened.

“let the rain wash away all the pain of yesterday.” Boss tells me. 

“There are two types of pains, one that hurts you and the other that changes you.” He says.

Messages keep showning up on my phone screen and I cannot avoid seeing them. Thousands of unread messages popping up on my screen. I remember that it happened before. It did happen before. It happened in one summertime. A summertime that I cannot forget or force to remember.

 “It is a trap of emotional blackmail. It is a powerful form of manupulation. It leaves you in a fog when there is haze of fear, obligation, and guilt.” He looks at my eyes.

“You need changes.”

I look at him back and say “It’s hard to forget some incidents that gave you so much to remember. Some memories never fade.” I believe that I may nearly cry.

“Sometimes, it’s not only the bad memories that make us sad. But also the happy ones which we know will never happen again.”he murmurs.

But I hear it clearly.

Political Influence of Chinese Government over Stock Markets

Tecent stock fell over 10% in Hong Kong stock market on Tuesday after Economic Information Daily – a business newspaper owned by Xinhua News Agency published an article about online game.

The article used the terms of “spiritual opium” and “electronic drug” to describe the harmful effects of oline gaming on children and teenagers. The analysis also pointed out that industries insiders and leaders should be vigilant about the harm of online games in young people and children.

Actually there was a massive sell-off for Tecent few days ago. This analysis of online games just a week after a big slumps of Chinese tech stocks. Last week, Tecent temporarily suspended new user registration for its WeChat messaging platform because of secutiy systems udpates. Investors believe its updates is due to compliance and regulation issues from Chinese government.

The recent incidents about Tecent also proof that Chinese tech giants have to keep a good relationship with Chinese Governemnt. And they have to fulfill more social responsibility when doing business in China. 

Robert Kiyosaki suggested: Buy silver bullion now to prepare for the next decade

Silver Bullions


The famous author of RICH DAD POOR DAD as well as a famous investor indicated the importance of buying silver bullion. In his opinion, silver is the most undervalued, lowest risk, and best investment of all assets classes. He said that he would invest in silver U.S. Eagles today, not tomorrow. However, he would stop accumulating silver when silver spot get over USD 40 per troy ounce.

Robert Kiyosaki believe that globel pensions collapase will be one of the biggest threats that we will see the next 10 years. He does not think the governments and central banks will know a clear perspective to respond to this massive multi-trillion-USD global crisis. 

He suggested that “If you have no gold or Silver, start accumulating today, and do not worry about price.” “I believe that when the panic hits, gold and silver will disappear from markets as prices climb.” He also pointed out.

Physical bullion products like gold and silver are very traditional investment tools and people use it for long long time. Let wait and see whether the wisdom and experience of older people will win the monetary games.

Let me know you thought.

Cashless Cycle

Because of pandemic, mobile phones become a very essential tool in our daily life. All the payments go through online and non-touching methods. And it makes my boss is forced to use his mobile.

At first, I thought I may need to teach him how to use it. Surprisingly, he is working with his mobile phone very well. The way he using mobile really looks like a kid.

“Anyone who stops learning is old, whether at twenty or eighty. Anyone keeps learning stays young.” He says to me proudly.

“Absolutely. You are young actually.” I smile.

“I keep pushing myself to do something different every three years.” He says.

“If you can’t avoid using it, fully utilize it.” He sipped his coffee.

Yes. It’s sure. If we cannot avoid mobile phones or social media integrating into our daily life, we need to use all their advantages to benefit ourselves.

“The cashless society is being pushed to track and trace and control people and kill any underground markets.” He states.

“People just don’t know it yet.” He looks at me.

Transitory Inflation Sparks the Fears of Economic Slowdown

The Federal Reserve left interest rate and monetery policy unchanged. This indicates that the US is incomplete economic recovery until now.

Some economic experts believe that Federal Reserve will be wrong on inflation being temporary. From my point of view, it is quite difficult to predict inflation at this moment. Fears about the highly contagious Delta variant of Covid-19 leading to another round of economic slowdown. However, rising infection cases will cause more supply chain interruptions leading to more inflation. 

Meanwhile, some leading companies expressed that they are passing rising costs along to consumers which point out that some inflation will stick around.

As there are industry raw material inflation and higher transportation costs, implementing additional prices increases become necessary.

Another concern is that it is stagflation instead of transitory inflation. That toxic combination of slowing growth and rising prices is a real risk and a dangerous signal of stagflation.

Theoretically, stagflation will trigger bullish markets for commodity and bullions. If there is rising inflation, investors will look at hard assets including bullion markets, like Gold, Silver, Platinum.

Do you believe that bullions prices are starting to rise again?

Let me know your thought.

1 oz gold Canadian Maple Leaf Coin