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Author Archives: admin
Anderson: In the Event of an Official US Bankruptcy
The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and child who are citizens as of April 24, 2023. Can you write a check right … Continue reading
Central bank gold demand reaches record high in first quarter
In the first quarter of the year, gold demand among central banks around the world reached record levels as investors see a mixed picture globally, said a report released this week by the World Gold Council. Prices of the precious … Continue reading
“Non serviam! Better to reign in Hell, than serve in Heaven.” ~ Satan
“The servant carries out the master’s will. The servant doesn’t tell the master what to do. The servant does not choose which tasks to perform for the master, nor does the servant suggest days or times when it would be … Continue reading
White House Begins to Cave to House Republicans on Debt Ceiling
President Joe Biden caved to Republicans and signaled that he could accept some reforms in a potential debt ceiling deal after months of refusing to negotiate any spending cuts or reforms. White House and congressional staffers have wrangled over the … Continue reading
7 Companies Declare Bankruptcy Over Weekend in 15-Year Record
At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media group Vice Media and — as reported here Monday (May 15) — private equity-backed healthcare … Continue reading
IRS Should Rebuild Trust, NOT Expand Responsibilities
When Congress passed the Inflation Reduction Act (IRA), it allocated $80 billion to modernize the IRS after the agency had been historically underfunded by Republicans for decades. These funds will help the IRS target billionaires and large corporations that avoid … Continue reading
What the debt ceiling standoff could mean for your retirement plans
President Biden is expected to meet with congressional leaders on Tuesday about the debt ceiling, with just about two weeks until the country could run out of money to pay its bills. Economists and administration officials have warned that a … Continue reading
Dead Weight Debt
Every penny dropped atop the national debt causes it to weigh ever more heavily upon the body politic until it crushes our liberty. Throughout medieval times until the early 18th century, one particularly excruciating European torture was peine forte et … Continue reading
Why Americans Should Worry About the Dollar Losing Its Value
The U.S. dollar has been declining for several months, causing it to lose value and igniting fears that the country is heading for a recession. According to Charles Schwab, the dollar has fallen by about 8 percent to 10 percent … Continue reading
Someone Buried Treasure and Never Returned — Discovered 1,000 Years Later
Perhaps carefully planning ahead or rushed in a moment of panic, someone in Viking-age Denmark buried their treasure and never returned. A volunteer stumbled upon the artifacts 1,000 years later. Jane Foged-Mønster went out with a metal detecting group to … Continue reading
