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Category Archives: Viewpoint
The Federal Reserve Does Not Own Gold
Historically — as during the days of the classical gold standard – central banks maintained stocks of gold to facilitate the conversion of gold-backed national currencies. Those days are long gone, but in modern times, many central banks continue to … Continue reading
Snyder: Donald Trump Says That A Great Depression Is Coming… He Is Right!
Do you believe Donald Trump? He is entirely convinced that if we stay on the path that we are currently on we are heading into a “great depression”, and many believe that he is right on target. Unemployment is rising, … Continue reading
Kunstler: …and Suddenly Things Change
“The global economy is becoming unburdened by what has been.” ~ Jordan Schachtel on “X” That two-by-four upside our country’s head you’ve been waiting to get whomped with? Looks like it’s landing now. We got a banger in 2008, but … Continue reading
How the Economy Changed: There’s No Bargains Left Anywhere!
The economy has changed in many ways, and it’s difficult to track the glacial movements over decades. One change that few seem to recognize or discuss is the disappearance of bargains: cheap rent, cheap meals at hole-in-the-wall restaurants, cheap transport, … Continue reading
“He ain’t never done nothin’ but get shot in Dallas. . .”
When the first shot rang out at Dealey Plaza on November 22, 1963, most bystanders didn’t even realize that it was the sound of gunfire. But Texas Governor John Connally was an avid hunter. He recognized the sound, sensed danger, … Continue reading
Smith: The American Economy’s Final Hard Fall
As I look at the incredible numbers we see in our nation’s budget, it becomes readily apparent that this is a shipwreck looking for a reef to hit and unsustainable as all hell. It has to be in their plans … Continue reading
Too many folks no longer Ain’t Gotta Dollar!
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
Bank Runs and Flight to Safety
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery. “Gold is unique among assets, in that it is not issued by any government or central bank, … Continue reading
REDUX: Turk – Saving REAL Money
June 11, 2013 ~ Up until the late 1960s, it was considered prudent for everyone to have some savings. By forgoing consumption, savings gave the ability to consume more at a later date through the accumulation of interest income. This … Continue reading
