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TheBoats, Box 6489, Kumasi (2026)

03/01/2017

THE EFFECTIVE MEANS TO FINANCIAL SUSTAINABILITY IS IN CREATION RATHER THAN CONSUMPTION.
CREATE INORDER TO LIVE A FREE LIFE.

28/11/2016

DATA ANALYSIS, BIG DATA OR DATA SCIENCE IS THE NEW WAY. GO TO BE SMART.

28/08/2016

PUBLIC CHOICE ECONOMICS

Well its been a while since team wrote, as such we delve deep into Public Choice Economics.
The core insight of public choice economics is the human intuitive responds to incentives.
I recognize this statement probably seems a little obvious, but I mean it not flippantly. Few disagree with the statement that “all people respond to incentives” when thinking about buyers and sellers in the marketplace, but there is a long tradition of scholarship that presumes political leaders and civil servants to be the folks who rise above the fray.

The uniqueness of the public choice insight is in how much understanding can be gained from political actors as if they have the same knowledge and moral compass as the rest of the populous.
This idea is operationalized in public choice scholarship by holding foundational assumptions about how people behave constant across institutional systems. Are people fundamentally kind, generous, and wise, or are they cruel, self-absorbed, and foolish?
Well your answer to such question should be essentially the same whether you are thinking about people in their economic, social, or political roles. There is also no room in public choice for the face-off between the honorable entrepreneur and the corrupt politician. Both are analytic imbalances that must go — for a couple important reasons.

First, the idea that some people are economic actors and others are political actors is a myth. The reality is that most of us, if not all, participate in both markets and politics on a regular basis. People who earn a living in the private sector still vote, express political opinions, join neighborhood associations, and may even run for school portfolios, city council, or the state legislature. People whose paycheque are signed by governmental organizations still buy, sell, and invest. There ain't any “economic man” and no “political man” — each of us contains both.

Secondly, the extent that different groups of people do seem to behave in fundamentally different ways, these are facts that require explanation — not appropriate starting points for analysis.
Imagine, for example, you want to compare the actions of Mr. Businessman and Ms. Politician. If you assume they are both reasonable people who respond to particular rules, and rewards, in roughly similar ways, it becomes possible to understand how their behavior is shaped by the incentives of the system they are operating within.
If, however, Mr. Businessman is presumed to be kinder and wiser than Ms. Politician, with a better nature that always triumphs, then there’s no more use in asking why they both behave differently. We already have our answer — it is because of Mr. Businessman's inherent greatness. In this scenario, social science is almost useless.
However, if assumptions about how people act are held roughly constant across political and economic systems, then meaningful comparison between alternative institutional arrangements preferably possible.

Once you put on your public choice glasses, it’s all too easy to see how the reasonable actions of reasonable people can result in strange — even perverse — consequences if those individuals are faced with the task of CHOICES.

Signed...WM

26/07/2016

Think About It.

24/03/2016

HAVING A FINANCIAL PLAN B

On Friday March 15, 2013--just over three years ago--people across the entire nation of Cyprus went to bed believing that everything was OK. Quite So. However, the next morning they woke up to a different reality. Turned out that their banking system was totally broke. After suffering enormous losses, banks no longer had sufficient liquidity or capital to maintain customer account balances.
Painfully, people realized immediately that just because you can log in to a bank’s website and see an account balance printed on the screen that doesn’t actually mean that the money is there.

Subsequently, to make matters worse for depositors, the government was insolvent and unable to lift a finger to support the banks. Plus the deposit guarantee from the central bank wasn’t worth the paper it was printed on.
Unfortunately, in order to save the banking system, Cypriot politicians resorted to the unthinkable-- freezing every bank account in the country. It all happened overnight.

Surprised.__.
Don't Be! This is precisely the sort of thing that happens when a poorly structured banking system meets an insolvent central government.

Hopefully, we should trade cautiously. Because three years on, Ghana looks more likely as Cyprus did back then. Ghanaian banking systems are extremely illiquid, and many banks are very thinly capitalized with minimal reserves. The woes of the micro finance industry should give you a clue about country's banking system.

It hurts to say this, but the central governments who stand behind it all are themselves completely insolvent. Government of Ghana looks broke.

Still Skeptical? .__.
Bear in mind, all of these assertions are backed by publicly available data. This isn't some wild conspiracy theory to suggest that the government of Ghana and Banks is totally bankrupt.
These are facts.l as banks and government publishes its own financial statements attesting to its insolvency.

You don't need to have a radical view of the underpinning issues.
Looking at the big picture, when it’s clear that your government is broke, your deposit insurance fund is undercapitalized, and your bank is hazardously illiquid, it seems obvious that you shouldn’t hold 100% of your savings in that banking system.

There are a multitude of solutions to reduce this risk. A viable option is looking at Gold.

Even if you’re completely skeptical about everything you’ve just read, you won’t be worse off for having cash instead of bank deposits.

Advice.__.
There’s very little consequence to taking action. But the consequences of NOT taking action can be substantial.

Learn from Cyprus. Don’t take it for granted that you’ll go to bed one night and everything in the financial system will be fine tomorrow morning. When data and risks are this obvious, everything can change very quickly.
Take matters into your own hands.

04/02/2016

Feb 4th 2016.

__THE INSIDE INSIGH__

.__.
There are two completely conflicting views of the Ghanaian economy. And yet they’re both accurate, conflictingly accurate.

The concept of ‘Parallax’ in Astronomy basically explains how a star’s position appears to change based on the position and motion of the observer. The earth is constantly moving along its orbit around the sun. And as this happens, the position of a star in the night’s sky will appear to change slowly, gradually over time. The idea is that the exact same object can appear to be different, even though neither you nor the object has moved an inch. Examples of "parallax" are everywhere-- just look at China.

.__.
If you close your left eye, China appears to be in a massive financial mess thanks to a bursting credit bubble with the potential of dragging most of Asia, and possibly the world, into an era of massively depressed trade and asset prices.
However, if you close your right eye, China has already become the world’s second largest economy (and arguably by some measurements the largest economy), and has accumulated more savings than every other nation on the planet.
Plus the Chinese Renminbi’s or Yuan (national currency) acceptance in foreign reserves, global payments, and international trade settlement is growing rapidly, and with the renminbi been anointed by the IMF, the dollar is in trouble. These are two completely conflicting views of China. And yet they’re both accurate.

.__.
Taking a glance at the Ghana, gives conflicting views.
Closing your left eye, the Ghanaian democratic system is looks ever strong. There is immense freedom for the citizenry. A robust Police helping reduce crime, less trade barriers, a fairly competitive business environment for both Nationals and Foreigners. A welcoming and hospitable population to foreign entrepreneurs. Ghana is affluent and free.

But if you close your right eye__the Ghanaian Cedi is astonishingly SICK based on nearly every objective metric that exists, and the BoG's reserves is nearly insolvent on a mark-to-market basis. The nation's labour market is completely hollowed out as the work force (formal sector) keeps declining on an increasing rate.
Today, unelected bureaucrats and central bankers conjure money out of thin air and manipulate asset prices in their sole discretion. OK, maybe three centuries ago, when most Ghanaians were illiterates as few people traveled more than ten miles from their homes, this been an understandable way to set up a financial system.

But today? Give me a break. The system is changing.__. And the BoG has got to pick up fast.

People are changing jobs like changing kids diapers . The Ghanaian government herself is flat broke, based on its own financial statements. Government can even bail out Volta River Authority (VRA) off it's debts, much more talk of resourcing Tema Oil Refinery (TOR). No wonder the era of Bulk Oil Distributors (BDCs).

The fundamentals of the economy are weak. There’s much debt. There’s too much manipulation. World Crude, Cocoa and Gold prices are not doing good. Dumsor abound. With the lifting of Iranian sanctions; crude oil prices are gonna fall further
Most Ghanaian banks are nearly insolvent. But they'd DENY.

What’s really interesting, though, is that Ghana is in bad shape but with Opportunities We have a looming debt problem, credit crisis, a financial morass that could lead to a great depression. Sure__ times are hard. But Cashew and Palm is gaining prominence.

Nearly every major program and institution, from Social Security to the Pension Benefit Guarantee Corporation, to the Health Insurance, is either insolvent or precariously underfunded. But new schools are springing up meaning minimizing illiteracy rate.
The government cranks out pages of new laws, rules, regulations each year, many of which carry; tax obligations, severe criminal penalties and govern the most private details of our lives, including how we are allowed to spend our own hard earned monies.

And many of the basic freedoms guaranteed by the Constitution have become watered-down theories rather than inalienable rights.

Again, two completely opposite views that are both accurate. And there are far more reaching instances everywhere.

Financial markets are on a knife’s edge. Yet there are some absolutely incredible investments out there-- high quality, profitable companies that are trading for less than cash, and beautiful properties that are selling for less than the cost of construction.

Financial insolvency abound. Risk abounds (Inflation). But so does Opportunity (Gold, Palm Oil, Cashew, Shea Butter).

After all it's not all rossy every where. First world countries are on financial turmoil of their own; China, the United States, Germany, Spain, Portugal, ___you name it.
Just this early February, Deutsche Bank recorded a $7.4 Billion Loss for the year 2015 with a net loss of €6.8 Billion. The Royal Bank of Scotland recorded a loss of £2.5 Billion ($3.5 Billion)

That’s Mother Ghana. Since the 6th March 1957, it has simultaneously been full of risk AND reward.
The GREATS look with BOTH eyes. They've never feared the risk.

Know the risks. Be guided by objective data to understand them, and take action to minimize them.
But don’t be overwhelmed by negativity. Don’t panic. Instead, take simple, sensible steps to ensure your livelihood doesn’t become a victim of someone else’s STUPIDITY.

Only then, with both eyes open, will you be able to see all the incredible opportunity that awaits, and be able to seize it from a position of STRENGTH.

You can either have a front-row seat to enjoy the show and benefit from these developments, or you can choose to do nothing, cry about President Mahama and become another victim of HISTORY

But make no mistake, it’s happening. And looking back, it’s going to seem a MISSED OPPORTUNITY.

Signed WM.

23/01/2016

Boom Boom Boom Boom
talks sensitive issues this year. Just as the Tottenham Hotspurs mantra goes; "TO DARE IS TO DO". We are gonna Dare the status quo

Meet Us, as we talk Money, Current Investment, Been Cleaver with Cash.

Watch Us Grow

02/12/2015

talk why is financially prudent to invest your fortunes in gold.

GOLD__A Prudent INVESTMENT Portfolio

One of the more unfortunate developments in human civilization over the last century is the devolution of money.
In fact, the word ‘money’ has now become synonymous with those funny pieces of paper that are conjured out of thin air by unelected central bankers. Funny___Even more ridiculous is the fact that ‘money’ has become the electronic representation of that paper.
Take a pause___Think about your bank account balance; it’s not like the bank has all that paper currency sitting in its vault.
The ‘money’ in your account doesn’t even really exist. There’s just enough of a thin layer of confidence in the system (at the moment) that this is a widely accepted practice. Instance; the BoG hasn't got all those billions of Cedis in their vault, the whole financial system is built on confidence.

It seems rather strange when you think about it. Though for thousands of years, early civilizations had some pretty wild ideas about money.There are examples from history of our ancestors using everything from animals skins, to salt, to giant stones, as their form of ‘money’.
Though I suppose these weren’t any more ridiculous than our version of money-- pieces of paper that don’t even really exist, controlled by unelected central bankers (our bankers are not elected by the populous).

There’s not a doubt (in my mind) that one of the greatest scams in the world is modern banking. Thinking about it, every element of the system is stacked against us. By making a deposit we are loaning our hard-earned savings to a bank, for which they pay us a minimal interest. (some banks even pay zero interest on savings). In turn they charge interest for the privilege of loaning out our money.

Banks then take our hard-earned savings and gamble it all away in the latest investment fad, no matter how stupid and destructive it might be. When they screw up, they’re deemed ‘too big to fail’, and the Ghanaian government steps in to indebt future generations who won’t even be born for decades in order to bail out the banks’ stupidity.

Banks remain unpaid government spies and are required by law to rat us out to federal agents should they decide in their sole discretion that what we are doing with our own money is “suspicious”. Banks have no loyalty to the customer. They serve government masters first and foremost.
Should some (unelected or elected) government bureaucrat so much as make a phone call, they will freeze you out of your life’s savings in a heartbeat?

Of course, over the last 5,000 years, there was at least one form of money that did make sense. And it stuck. I’m talking, of course, about gold.

It’s no accident that gold has become the most consistent form of money in world history. The metal is uniquely suited to serve as currency, not only amongst precious metals, but compared against nearly everything else on the planet.

You can see for yourself by taking a look at the periodic table of elements, the scientist’s catalog of everything the world has to offer. Many entries on the periodic table are immediately disqualified. Many elements are radioactive. Others are gasses that would be impossible to transport. Still others are colorless, and hence indistinguishable from air. They’re simply too common. And a form of money is useless if its in too much abundance… a lesson that modern central bankers have completely forgotten.
Clearly a currency that kills its holder, or can’t even maintain its physical state without debasing itself, is rather useless.
The Cedi might be!

Gold is inert and non-reactive. It’s stable. It holds its form over the long-term. It’s malleable and easily divisible. And it’s rare. But not too rare. Judging by its chemical properties, it’s no accident that gold became the most widely-used currency in history.
Of course, defenders of the paper money concept call gold a “barbarous relic”, suggesting that it has no place in modern civilization.
(Curiously, paper is also relic from long ago, dating back to the 2nd century AD in China...) Yes it’s true that gold is a very old concept. But so is the wheel. Language. Arithmetic. And many other ideas passed down from the ages.

Just because something is ancient doesn’t mean it’s not RIGHT.

Hardly a month goes by where a bank isn’t indicted on some criminal charge to defraud their customers. They’ve admitted to rigging bond markets, interest rates, foreign exchange rates, and selling their customers’ data to high-frequency traders. And for their misdeeds they get a few slaps on the wrist and a fine that fills the government’s coffers.

Too big to fail, too big to jail. It would almost be funny if it weren’t so obscene. Yet despite every shred of evidence that this system is at odds with customers’ best interests, very few people ever question the sanctity of their banks’ credibility and financial condition.
It’s just assumed that banks are stable, sound, and conservative. Nothing could be further from the truth.

Empires rise and fall. Governments and central bankers come and go. Paper currencies lose their dominance. But gold lasts.

And if you hold a long-term view, and believe that the path to prosperity is not paved in debt and money printing it makes sense to consider holding at least a small portion of your savings in the metal. Here’s the short version: Banks have the ability to choose how they treat their bonds for accounting. So the banks just get to keep pretending that they’re safe. This is unbelievable scam. And everyone’s in on it. All the Big Banks. The Regulators. The Government
P**f. And just like that, the bank’s financial condition is tip-top.

I can’t stress much

To be Cont'd...

12/11/2015

To make Money___got to have a thick skin like Trummppppp

08/11/2015

MONEY & PRUDENT INVESTMENT

One of the more rather unfortunate developments in human civilization over the last century is the devolution of money. It loses its value over time and such money has become a vital aspect of the human life. In essence, the word ”MONEY” has now become synonymous with those funny pieces of paper that are conjured out of thin air by unelected central bankers.
Central bankers are only appointed by central government to manage the financial market. They ain't elected and hence don't feel accountable to the populous.

More ridiculously, ”MONEY” has become the electronic representation of a,piece paper. Think about your bank account balance; it’s not like the bank has all that paper currency sitting in its vault. The ‘money’ in your account doesn’t even really exist. There’s just enough of a thin layer of confidence in the system (at the moment) that this is a widely accepted

This is why the financial gurus at have researched four (4) lucrative and sure paying dividends to its readers. We talk less risky, high paying investment opportunities for young adults especially in these times of financial challenges.

You don't need a suit and tie job to earn great on that GHC 50 you spend on credit every month or make as much as GHC2,000 profit each month trading currencies or stocks. It's all in the brain.

In such light, team talk these four creative and high dividends investment options
1. Timely Stocks Trading
2. Treasury Bills Investment
3. Prudent Sports Betting
4. Currency Market Trading

Empires rise and fall. Governments and Central Bankers come and go.
Only prudent Investment will sustain that Money you hold and ensure your continual status as been financially ”OK”.

Make a date with team.

Money And Prudent Investment.

And if you hold a long-term view, and believe that the path to prosperity is good investment, join us here. Right here

26/10/2015

THE EXCHANGE RATE Cont'd.

Freedom is the Epitome of Prosperity
I have a pretty bad habit of always poking my nose into financial matters irrespective of the quantum involved. I must confess, this has got me far.

However this time around, It turned out to be one of those great opportunities that the universe presents from time to time… lemons into lemonade.

This year, Irwin Schiff unfortunately passed away. If you’ve never heard of Irwin, history remembers him as one of the original “tax protestors”. He believed not only that paying federal taxes were unconstitutional, but actually went so far as to stop paying tax altogether, as a result he spent years of his life in prison

Now, you may not agree with his philosophy or its legal basis. You are entitled to. Afterall that's Freedom. Freedom is the epitome of Prosperity.

Newly rebranded VVIP song__HUSTLE__comes into mind
The fact that failing to file taxes is even a criminal matter at all is truly bizarre. In

Ghana is a great country abound with opportunities for foreign companies. But as a young Ghanaian if you want to build, if you want to create, if you want to produce in the Ghana… it’s a whole different story. Taxes become a challenge.
Just think about what it takes to start a business these days-- there are permits, licenses, and regulations to follow, most of which you have probably never even heard of.
Many of these rule come with severe penalties as well in case of breach.

Recently, Rating outfit Credit Suisse released its annual Global Wealth Report. The big headline grabber was their analysis showing that the top 1% of people now own 50% of the world’s wealth. Simple, the few rich continues getting richer at the expense of the vulnerable. That is true and rather astonishing.

However, the report had another finding that was even more astonishing and that funny aspect is how its been largely overlooked.
The gap between Ghana's poor and rich is widening.
What they found was that, as a percentage of the world’s population, there are now more poor people in the United States and Europe than there in China. How much more Ghana.
The inequality gap was widening in Ghana.
Here, the debate wasn't about income.
Credit Sussie defined poor as lacking ”wealth”. That is, taking into account assets and liabilities like cash and debt.

How then do you expand domestic productivity to increase exports aimed at maximizing foreign exchange needed to offset trade deficits.
How then do government win the EXCHANGE RATE WAR.
You can't win the small battles, how can you win the war.

Unfortunately young people who try to become productive by going to university ends up graduating with debts, that they’ll spend the next five years paying off, only if they find jobs early.
Then there’s the additional hassle of dealing with the financial system; just getting a bank account open for a new business is now a major challenge.
Banks force small scale businesses to jump through all sorts of ridiculous hoops to prove that they’re not some money launderers, just for the a business bank account.
Ironically young people can walk into a bank and easily obtain a loan to buy a new car, or even a plasma television.
But you have basically no chance of obtaining a loan to start a new business or invest in a great company.

This explains my viewpoint of the Bank of Ghana, how I harbor serious reservations on central government (no particular party in reference) plan to create prosperity, simply by conjuring billions of Ghanaian Cedis out of thin air and getting the country further deep into debt.
Its quite surprising how thousands of beareucratic regulations created only serve to make it much more difficult to be productive and successful.

Freedom truely is the epitome Prosperity

Credit Suisse estimates that half of the world has a net worth less than $3,210. That’s especially the case for young people these days, who graduate from university with an incredibly expensive degree and an average of $35,000 in student debt.
Of course, plenty of people are in debt up to their eyeballs in the and not just student debt.
People go deeply into debt that they can’t afford to buy stuff they really need. The Ghanaian financial system encourages debt with high interest rates.

The revelation is that ---- not only did the government create the incentives, but they set the standard of debt compilation.
Taking a fresh look at Ghana, you have zero choice than to admit that when the vast majority of the wealth is held in the hands of the tiniest percent; a quarter of the population, with a nearly insolvent central bank.

These are all symptoms of the same problem.
If you want to spend, party, and consume, Wow__Ghana is fantastic to live in.
But if you want to save, invest, and produce, Ghana is becoming more challenging each year.

In life it makes absolute sense to have a Plan B… that rational people always have a Plan B.
As such, Ghana's Central Bank, the BOG; needs a Plan B.
“Well it’s a great idea to have another option; I mean, you never know what’s going to happen in this country.” a very top Ghanaian Financial Broker told me not long ago.
Life is all about having options. More options mean more freedom. And more freedom means more prosperity and more security.

I watched a hilarious interview on ESPN with a professional football player from the Seattle Seahawks. The interviewer basically asked him what he would do if he were king of the world for a day, and the football player said, “I would do away with property taxes!”
The interviewer looked at him a bit perplexed, and then asked why- He replied: “Think about it, you buy a home, but then you have to keep paying the government forever?!?!..... I mean, how do you ever really own something if you just have to keep paying the government. Even with alimony you don’t have to pay forever.”
There was a smattering of applause in the studio. Same deal—I thought, wow, people are really starting to understand. It’s work in progress___surely we'll get there.

The Universal Law of Prosperity is very simple: produce MORE than you consume. And it applies equally to people, governments, and entire economies.
This is a massive problem that’s causing a major economic decline.
You might have accumulated more but produce more than what you consume.
Safeguard your purchasing power. Protect what you’ve worked for. Diversify your options. Invest wisely. Have a Plan B.

Next month, we talk MONEY and INVESTMENT.

Till then, let's win the EXCHANGE RATE WAR. Yes We Can, with the right persons and policies.

TheBoats

03/01/2017

28/11/2016

28/08/2016

26/07/2016

24/03/2016

04/02/2016

23/01/2016

02/12/2015

12/11/2015

08/11/2015

26/10/2015

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