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Author Archives: admin
KING DOLLAR – END OF HIS REIGN
Nearly 12 years ago I penned a similar cartoon to this one. It featured the sad demise of ‘King Dollar’. The earlier cartoon showed the defeated old King Buck surrounded by his decaying kingdom. The forces of real money, gold … Continue reading
The Oligarchy Is Audacious
“The reputation of economics and economists, never high, has been a victim of the crash of 2008. An even more serious criticism is that the economic policy debate that followed seems only to replay the similar debate after 1929. The … Continue reading
Rise of the Petroyuan: The End Of The Petrodollar’s Reign And The Impact On Global Markets
Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967 was a significant year in financial history, mainly due to the events at the … Continue reading
Average US Taxpayer Spent $1,087 on Pentagon Contractors in 2022
“The main message? Our government is continuing to invest too much in the military, and in militarized law enforcement, and not nearly enough on prevention, people, and our communities.”
Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill!
We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government – and that includes the current administration – is spending money it doesn’t have on programs … Continue reading
Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’
The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie Dimon. “As … Continue reading
More Than Half of Americans Wouldn’t Be Able To Afford Their Bills and Groceries If They Lost Their Job
What would be your immediate concern if you lost your job? In a GOBankingRates survey polling 1,002 Americans, more than half of overall Americans said they wouldn’t be able to afford their basic bills and groceries. Let’s take a look … Continue reading
Banks Are in Turmoil but a Bigger Financial Crisis May Be Brewing Elsewhere
The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial institutions, saying global financial stability could hinge on their resilience. The Bank of England called attention to the same issue last month. And global investors surveyed by … Continue reading
4 Tips for Financial Stability from Noah Webster
With inflation, prices, and bank failures all on the rise these days, many of us are looking anxiously toward our pocketbooks and wondering what we’ll do when the financial crisis inevitably hits. Will we have to start over with our … Continue reading
The Global Banking System Is Truly In Uncharted Territory…
– and They Are Making Up The Rules As They Go Along Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people … Continue reading
