“Money is not the definition of wealth.”
– Unknown
America’s Oldest Family Farm
In 1632, John Tuttle made his way from England to the New World, and he arrived with purpose.
He held a land grant from King Charles II, giving him ownership of a modest 20-acre plot located between the tidal waters of the Bellamy and Piscataqua rivers, in what is now Dover, New Hampshire. Over the next three centuries, the Tuttle family worked hard, nurturing their farm and allowing it to flourish.
The Tuttles faced numerous challenges over the years, enduring revolutionary and civil wars, the industrial revolution, various economic depressions, and financial crises. They also weathered fierce competition, pestilence, droughts, government interventions, and many other threats to their livelihood.
Maintaining a business within the same family for nearly 380 years in such a tumultuous environment is a remarkable feat.
Founded in 1632, Tuttle Farm is celebrated as America’s oldest continuously operated family farm, successfully passed down through 11 generations from father to son. What contributed to their enduring success? Continue reading
Slow growth. High prices. These challenges were already looming over the U.S. and global economies before the invasion of Ukraine by Putin.
However, since Russian forces began to advance, these negative supply shocks have escalated the situation dramatically. The level of uncertainty has reached an alarming peak, making it increasingly difficult to predict future outcomes.
Major stock market indexes were already experiencing fluctuations since early January, but now they face even greater volatility, marked by panic-driven actions and sporadic bursts of greed. This rollercoaster of emotions generates intense market swings, where significant declines are occasionally interrupted by brief recoveries.
Initially, many were hopeful that potential conflicts would slow the Federal Reserve’s pace of interest rate hikes. Yet, this optimism quickly proved to be shortsighted. The reality is that the impacts of these geopolitical tensions extend beyond mere adjustments to rate increases. Despite the stock market’s recent downturn, there are still considerable risks ahead. Continue reading
The elite in power often relishes the opportunity to spend money, but only when it is the hard-earned cash of others.
Among all modern economic beliefs held by the ruling classes, the unyielding faith in government spending to stimulate economic growth through debt is perhaps the most cherished. While such expenditure can redirect growth to industries favored by the government, it does not inherently create actual economic development.
In reality, governments do not produce value; they siphon off capital to employ it in ways that, without coercion, would not be pursued. Frequently, this leads to funding projects that do not yield beneficial outcomes, such as California’s Central Valley high-speed rail, currently projected to cost a staggering $105 billion and counting.
The substantial financial stimulus initiated by the Federal Reserve and U.S. Treasury to counteract the economic fallout of lockdowns has led to its own set of consequences. Notably, this flood of money has driven consumer price inflation to levels not seen in 40 years. Continue reading
Are you eager to amass wealth?
If so, consider opening a Lamborghini dealership in the Midwest.
This was the advice of investment expert Jim Rogers back in late 2014. He also suggested venturing into farming. According to Rogers, anyone could succeed in farming, even if they lacked experience.
“Buy some land and become a farmer. There are going to be substantial fortunes made in agriculture, and when the industry is thriving, even those with little skill can make money because everything seems to go well.”
“If you truly want to get rich, this is the best route. Alternatively, you could purchase land and lease it out if you find a reliable farmer.”
“There are numerous opportunities in agriculture. Consider opening a chain of restaurants in agricultural regions, as farmers are expected to perform significantly better in the coming 30 years compared to the past three decades. Or you could pursue other avenues, like the Lamborghini dealership in the Midwest. There are various paths to prosperity in agriculture.”
So, have farmers thrived since Rogers made this forecast? And have Lamborghini dealerships in the Midwest experienced a surge in business? Continue reading
In summary, the journey of wealth and its sustainability is complex, shaped by historical, economic, and personal factors. American stories, like that of the Tuttle family, remind us that enduring prosperity is often built on resilience and adaptability. As we navigate our own financial paths, it’s essential to consider not just the wealth we accumulate, but how sustainable that wealth truly is in the face of challenges.
