In order to address the claims made by typical mainstream layman and economist alike, we must first briefly outline how the modern American monetary system came about. Prior to the establishment of the United States, this geographic area was settled by scattered groups of primarily English and Spaniards. As will […]
I recently received an email entitled “Take the Trash Out on Nov 2” which, as one would imagine, requested the reader to vote out the incumbent Congressman in this coming election. The reason for such a tactic, you ask? No increase in Social Security benefits for two years. An annual […]
Depending on whether or not you are naturally a pessimistic person you may already know everything I’m about to tell you. If you are one of these people then you have my permission to stop reading and continue stocking your End of the World (EotW) bunker. For the rest of […]
Everyone knows the general definition of bankruptcy. When you get to the point where your bills far exceed your income and you are unable to make your debt payments, you must declare bankruptcy. It is literally the inability to pay creditors.The 2010 federal budget includes about $3.6 trillion in payments […]
For those of you who were up late last night stealing cookies from the pantry, you may have noticed my late entry regarding the pesky Fed. I won’t ask why you were up so late if you don’t ask why I’m not discussing the bankruptcy of America like I promised […]
On Monday I mentioned that the Federal Reserve “virtually single-handedly eliminated the fortunes of nearly every citizen in this country and will likely lead to the bankruptcy of this country.” I will admit that this was a vague and damning accusation so I will briefly expand on this today.Before I […]
There was an interesting experiment involving potential voters just prior to the 2008 election. A radio talk show host was questioning random people about the proposed policies of the various presidential candidates. The twist was that he would attribute the opposition view to the voter’s preferred candidate and then ask […]