economic outlook
(Page 2 of 6)
March/April 1980
By the Mother Earth News editors
And the bottom line of those few easy actions is this: For every $1.00 you had in your savings in 1970 or even January 1, 1972 .. . you (if you had listened to C.V. Myers) would now have more than $20.00. If you had backed his advice with only $10,000, in other words, you would now be sitting on a tidy $200,000! The people who trusted Mr. Myers' judgment to the extent of $100,000 (yes, a goodly number of folks did just that) currently have $2,000,000 salted away. And those who put $1,000,000 on the play have parlayed their fortune into an incredible $20,000,000! And not a penny of that gain, remember, is taxable until the lucky individuals in question sell—or until they sold—some of those appreciated assets.
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This, of course, is an impressive track record. One that C. Vernon Myers can be justifiably proud of ... even if it stood alone. But it didn't stand alone. Because while Vern was making all that money so effortlessly for the folks who believed in him, most of the rest of us (perhaps even you) were following a far more "conventional" economic path . . . and getting only poorer in real terms by the minute.
Let me say that another way. If you did not get your financial information during the last decade from C.V. Myers' little eight-page, twice-a-month newsletter ... you probably got it from other places: The radio at work. The nightly TV news. The Wall Street Journal. The newsweeklies. Business Week. Changing Times. The local paper. PBS's Wall Street Week. "Hot tips" from the guy down the street. Pointed suggestions from your in-laws. Bank advertisements (which still try to con you into believing that it's smart to draw 5% interest while inflation rages at 12% or better). Fatuous promises from politicians. Telephone calls from your stockbroker. And so on. And on.
And on. Not only that, but you got all this "hot" financial advice instantaneously, man. I mean this is the Electronic Age, right? Anything happens anywhere in the world, man .. . we got it in living color. And we bounce it right now, man, off a coupla artificial satellites and right inta television sets in every bedroom and bathroom and kitchen in the whole world, man. Right inta next week's news magazines too . . . inta this evening's paper . . . inta your own personal home computer, man, if that's what you want.
After all. That's what this Age of Electronics is about, isn't it? Information. News flashes. Right now. While it's hot. Served up on the split second to give you that Competitive Advantage. Sure. There're 49 other wire services. Twelve radio stations in town. Four television channels, each with six roving minicams in the field. Two morning and three afternoon newspapers. Microwave transmission of all the telephone circuits we can't cram onto the regular lines. At least seven copy machines in every office in town and 14 more down at the library. And half a dozen new satellites up there 26,000 miles in the air every year bouncing 4,012 additional channels of information into sixteen trillion television antennae, telephone relays, and computer terminals around the world. Man, we are wired. Just to serve you. All for a small monthly fee. Just sign right here. Yeah, it is getting a little noisy. What's that you're sayin' about the Tower of Babel? No. I don't think that's funny at all. Come on, man, pay the bill.
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