Smith: Dreams of Prosperity and an Inflated Currency ~ Eradicate the Federal Reserve Bank

“Long before we wake up from our dream of prosperity through an inflated currency, our gold, which alone could have kept us from catastrophe, will have vanished and no rate of interest will tempt it to return.” ~ U.S. Senator Elihu Root (R-NY) 1913

Puck cartoon of Senator Nelson Aldrich circa 1906

October 17, 2019 ~ The Federal Reserve Bank has been a bone of contention, since our nation’s founding. This rogue agency has proven itself to be the evil entity that many early American leaders believed it to be, but not one word on the Fed was forthcoming, when Congresswoman Maxine Waters announced the schedule of the House Financial Services Committee on October 3rd, after the Federal Reserve Bank started transferring billions of dollars into the Repurchasing Market on September 17th. This activated its proposal to hand seventy-five billion dollars a day to unnamed banks on Wall Street, until November 4th, the first such intervention since the 2008 economic collapse and the bailout of financial organizations deemed “too big to fail”; and, it is just one more criminal act in a long line of abuses committed against all America. Continue reading

Posted in The History of it All | Comments Off on Smith: Dreams of Prosperity and an Inflated Currency ~ Eradicate the Federal Reserve Bank

The US King Dollar Has No Clothes: America’s “Toilet Paper Money”

tp0August 12, 2015 ~ The conventional wisdom is that no other currency in the world can support the global bond market save the US$ Toilet Paper Money. Therefore, we cannot do without the US$ toilet paper money!

The so-called experts in economics, including the Nobel Laureates are always reciting the mantra of the global central banks led by the FED and the Bank of England (BOE) that the US$ Toilet Paper Money is indispensable to global monetary liquidity because it is the anchor of the global bond market, specially the US Treasury bonds.

Such is the accepted wisdom of the so-called wise men and women of global finance. Continue reading

Posted in The History of it All | Comments Off on The US King Dollar Has No Clothes: America’s “Toilet Paper Money”

Treasury Dept Finds $99M in Payments to Deceased Recipients With New Verification Process

U.S. Secretary of the Treasury Scott Bessent

The Treasury Department announced Tuesday that its new verification process found $99 million in payments for deceased recipients.

The department said that it screened over 885 million payments totaling approximately $2.77 trillion, and discovered more than 4,900 payments worth approximately $99 million that were intended for deceased payees. Those 4,900 payments were returned to the federal agencies they came from for review before any funds were disbursed.

“Treasury has delivered on a key promise of President Trump’s mandate to stop improper payments and fraud before money leaves the Treasury, and strengthen the integrity of the federal payment system,” Treasury Secretary Scott Bessent said in a statement. Continue reading

Posted in The Mine or the Shaft | Comments Off on Treasury Dept Finds $99M in Payments to Deceased Recipients With New Verification Process

Day: How Parents Can Secure Care and Support for Their Special Needs Child

Parents and caregivers raising a child with disabilities often carry the emotional challenges of caregiving alongside constant decisions about safety, schooling, and services. The core tension is simple and heavy: parental incapacity or death can transfer responsibility overnight, and without special needs child care planning, critical supports can be delayed, disputed, or lost. Long-term care provisions and future legal planning are not about expecting the worst; they are about reducing uncertainty and protecting a child’s day-to-day stability. Understanding the special needs guardianship importance is a first step toward making care enforceable rather than informal. Continue reading

Posted in Viewpoint | Comments Off on Day: How Parents Can Secure Care and Support for Their Special Needs Child

Nixon 1971: The Day the President Made the Dollar Stop Being Real — And Nobody Voted On It

On August 15, 1971, President Richard Nixon interrupted Sunday night television to make an announcement that would quietly reshape the entire global financial system. Without a single vote in Congress, without consulting America’s allies, and without any public debate, Nixon severed the last link between the U.S. dollar and gold — ending the Bretton Woods system that had governed international finance since World War II. Continue reading

Posted in The History of it All | Comments Off on Nixon 1971: The Day the President Made the Dollar Stop Being Real — And Nobody Voted On It

U.S. Treasury Is Borrowing $153 Billion a Month as Debt Interest Hits $857 Billion

The United States recorded a $1.373 trillion federal budget deficit during the first nine months of fiscal year 2026, averaging approximately $153 billion in new borrowing each month. Revenue climbed to $4.151 trillion, but federal spending rose faster, reaching $5.523 trillion between October and June.

Interest has become the most alarming part of that equation. The government spent $857 billion on net interest during those nine months, up $98 billion, or 13%, from the comparable period in fiscal year 2025.

That works out to roughly $95 billion a month and about $22 billion a week when spread across the full October-to-June calendar. Continue reading

Posted in The Mine or the Shaft | Comments Off on U.S. Treasury Is Borrowing $153 Billion a Month as Debt Interest Hits $857 Billion

For Whom the Debt Tolls: US ‘Default Doomsday’ Clock Nears Midnight

This Is Why It Matters for You

Time is running out!

The “Debt Default Clock” – which measures how close the country is to a financial crisis – is only two economic events away from “doomsday”, a committee of seven economic experts behind the project said this week.

The experts said that two events could lead to the U.S. failing to pay its debts, and trigger a recession or depression. First, the share of debt the U.S. is using to pay interest hits 70 percent. Second, the government blows through the debt ceiling that limits how much the country can borrow.

“The country is increasingly borrowing simply to pay the interest on what it already owes,” Debt Default Committee Chairman Baker Spring said. Continue reading

Posted in The Mine or the Shaft | Comments Off on For Whom the Debt Tolls: US ‘Default Doomsday’ Clock Nears Midnight

The Year Your Paycheck Stopped Belonging to Your Family

1913 changed America forever. The Federal Reserve. The federal income tax. The direct election of senators. In just ten months, three structural changes rewired how money, power, and representation worked in the United States.

This episode follows the documented story behind that transformation — from the secret Jekyll Island meeting in 1910 to the legislation that reshaped American life by the end of 1913. Continue reading

Posted in The History of it All | Comments Off on The Year Your Paycheck Stopped Belonging to Your Family

BORN BEFORE 1955? – You’re Being Paid the Wrong Social Security Amount

If you were born before 1955, your Social Security benefits may be wrong right now — and the SSA will not tell you. In this video, I break down exactly how the Social Security Administration calculates retirement benefits, the most common Social Security mistakes that cost seniors over 65 hundreds of dollars every month, and the one form that fixes it.

Posted in The Mine or the Shaft | Comments Off on BORN BEFORE 1955? – You’re Being Paid the Wrong Social Security Amount

Taxpayers 65 and Older Can Claim a New $6,000 Deduction, but Only by Attaching Schedule 1-A

Kol Dunov – Freepik

Millions of Americans age 65 and older now have access to an enhanced federal tax deduction worth up to $6,000 per person, or $12,000 for married couples filing jointly when both spouses qualify. But claiming the benefit requires a step that did not exist before: attaching a brand-new form called Schedule 1-A to Form 1040 when filing 2025 tax returns. The extra paperwork creates a real risk that eligible seniors, especially those who file on paper or without professional help, will leave money on the table. Continue reading

Posted in The History of it All | Comments Off on Taxpayers 65 and Older Can Claim a New $6,000 Deduction, but Only by Attaching Schedule 1-A