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Father Guido Sarducci Explains Inflation
The Dollar Dominance: How America Gets Away with Endless Debt
No country other than the US could cope with a currency burdened by a $500 billion deficit and skyrocketing international debt. Instead of rising up and plunging the country into chaos, the American public goes about its daily business, and calm is maintained in the boardrooms.
Whether it soars or plummets – somehow the dollar’s antics always seem to have a negative impact on others. This exorbitant privilege of passing on its debts to others stems from the fact that, since the post-war period, the dollar has developed into the international currency. It is hardly ever questioned. The dollar is thus the ultimate symbol of the US’s economic strength, imperialism and supremacy. The only question is: will it stay that way? Or are we currently at the end of an era?
Snyder: The Purchasing Power Of The Dollar Has Collapsed And The Majority Of The Population No Longer Believes In The American Dream
Did you know that the purchasing power of the U.S. dollar has fallen by more than 97 percent since 1913? Sadly, as you will see below, the decline in the purchasing power of our currency appears to have greatly accelerated in recent years. Thanks to the rising cost of living, most Americans have lost faith in the American Dream. In fact, a new survey that was just released discovered that 51 percent of us believe that the American Dream is now out of reach for most people… Continue reading
Is the US Economy Headed for a Bust?
There is a high likelihood that, due to the past large decline in the yearly growth rate of the money supply, the US economy is heading towards an economic bust. Continue reading
Smith: Stewardship, Virtue, and the Trillionaire Question… The Moral Weight of Wealth!
In the shadowed annals of human striving, where fortune’s wheel turns with inexorable force, few spectacles provoke deeper unease than the concentration of unimaginable riches in a single pair of hands. A trillion dollars – more wealth than many nations command, a sum vast enough to dwarf the economies of continents – rests now, for the first time in history, within the grasp of one man. Elon Musk, that restless engineer of rockets and circuits, stands as the emblem of this milestone. Yet the achievement, while born of ingenuity and daring, stirs ancient moral qualms.
With plainspoken candor, I ask, just what does any one single person do with so much incredible wealth in his sole possession?” Continue reading
Smith: America’s Drift From Free Markets to Economic Fascism
“The barbarian hopes — and that is the mark of him, that he can have his cake and eat it too. He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being. We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.” ~ Hilaire Belloc, This and That and the Other, 1912
There is perhaps no greater misunderstanding in modern American life than the widespread belief that the economic system under which we presently live bears a close resemblance to the free-market capitalism envisioned by the architects of classical liberalism. Across the political spectrum, citizens increasingly express dissatisfaction with economic outcomes they attribute to capitalism itself. Continue reading
There Is No Reprieve in the Fed’s War on Savings
There is a particular kind of financial wisdom that used to be passed down at kitchen tables. A grandparent, someone who remembered harder times, would explain that the first obligation of a responsible person was to spend less than they earned, put something away, and let patience do its quiet work. The savings account was not a sophisticated instrument. It was a vessel for deferred consumption – a way of translating present discipline into future security. The interest it paid was modest, but it moved in the same direction over time.
That world has not merely changed. It has been, in a precise and largely unacknowledged sense, inverted. Continue reading
The Trump Administration Is Already Taking a Bite Out of Your Social Security Payments – and They May Be Going in for a Second
Social Security recipients are usually already working on a shoestring budget. However, policy shifts from the Trump administration mean those monthly funds could shrink due to a pair of new(ish) benefit offsets – one that is already taking a bite out of checks, and another looming on the horizon.
That means people could be looking at smaller monthly payments. Keep reading to find out what is being proposed and whether or not it could impact your Social Security payments. Continue reading
The First Inflation Report Under New Fed Chief Kevin Warsh Shows Prices at Highest in Nearly 3 Years
The first inflation report under new Federal Reserve chief Kevin Warsh shows consumer prices in April were at their highest level in almost three years.
The personal consumption expenditures price index — the Fed’s preferred inflation measure — rose last month at an annual rate of 3.8%, the Commerce Department reported on Thursday. That’s up from 3.5% in March and 2.8% from February, and the highest since May 2023. Continue reading
U.S. Debt Exceeds 100% of GDP, $31.27 Trillion and Interest Rates Continue to Rise!
The US debt surpassed $31.27 trillion, exceeding the country’s $31.22 trillion in GDP. This represents a debt-to-GDP ratio of 100.2%, according to data from the Bureau of Economic Analysis, compiled by the Committee on a Responsible Federal Budget and released in April. This level is well above the historical average. Debt-to-GDP ratios, in principle, are not a cause for concern, but other economic conditions in the US aggravate the situation. Continue reading
