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Author Archives: admin
King Andrew and the Bank
Andrew Jackson stares down the national bank and wins. On July l0, 1832, President Andrew Jackson sent a message to the United States Senate. He returned unsigned, with his objections, a bill that extended the charter of the Second Bank … Continue reading
Hayworth: Congress Must Block Biden-IRS Tax Prep Plan
Ronald Reagan managed to make the ominous sound humorous. He famously noted, “The nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’” Reagan may have played it for laughs, but Joe … Continue reading
Recession? Calm Before The Financial Storm?
Is a recession coming? Is this the calm before the storm? JPMorgan Asset Management Global Head of Fixed Income Bob Michele said that today’s economic climate calls to mind the lull seen in the 2008 financial crisis. Michele, who manages … Continue reading
More Federal Debt Means More Taxes, Less Growth, and Weaker Real Wages
Since 1960, Congress has raised the debt ceiling 78 times, according to Bloomberg. The process of increasing the debt limit has become so regular that markets barely worry about it. Furthermore, as the 2011 debt ceiling crisis showed, the impact … Continue reading
Sound Money Is Required for Real Budget Discipline
News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual dog-and-pony show, a budget deal was reached. But was it progress? It was a foregone conclusion … Continue reading
The Economics of Scrunched Up Cash
Some say the free market can’t be trusted to handle money, but the truth is exactly the opposite. It’s the government that creates problems with money. As I was going through my wallet the other day I came across a … Continue reading
Social Security ~ It’s YOUR Money – NOT Theirs!
A woman, or man dies at age 65 before collecting one benefit check. She/He and her employer paid into the system for almost 50 years and she collected NOTHING! Keep in mind all the working people that die every year … Continue reading
The Civil War Gold Hoax
The hoax’s never seem to end… It was May, 1864. Grant was closing in on Lee in Virginia. New Yorkers were growing hopeful that the long, terrible ordeal of the Civil War would soon be over. But their hopes were … Continue reading
Smith: America’s Real Wealth Destroyed or Stolen by Bad Economic Practices
So little time do we have left here on earth and so much is left for us to do. Our nation is in deep shit, and much of it can be traced back to poor morals taught in our homes … Continue reading
Double Eagle Headlines: May 23, 2023
McCarthy says there’s STILL no Biden debt limit deal – but ‘I believe we can get it done’ Speaker insists there has FINALLY been progress with just 10 days to strike a deal and avoid a catastrophic default. Biden said … Continue reading
