In the year 1980, a young computer science grad student from the University of Washington named Burrell “Bud” Tribble accepted a job at a hot tech startup you might have heard of: it’s called Apple.
Tribble went to work directly for Steve Jobs on Apple’s most ambitious project at the time – the Macintosh. And he quickly learned, along with the rest of the Macintosh team, that Jobs’ management style was relentless, maniacal, and irrational… bordering on insane. Continue reading
From atop the flawed foundation of the Labor Theory of Value, Karl Marx made a series of predictions about capitalism that time has proven incorrect. Among these are the immiseration of the masses due to capital accumulation, chronic overproduction, capitalist-driven imperialism, and the inevitable rise of monopolies. Continue reading
When you don’t have enough money to pay the bills, it can make for a lot of sleepless nights. If you are in that position right now, I want you to know that you are definitely not alone. I have heard from so many people that are being absolutely crushed by our ongoing cost of living crisis that seems to have no end in sight.
Just about everything has become substantially more expensive over the past five years, and now the global trade war threatens to push prices for foreign-made goods into the stratosphere. Continue reading
About once a year we will return to a series of posts from the past – most – if not all of them will come back to haunt us once more. BEWARE of the repetition of history. ~ Ed.
Glass-Steagall Essential Banking Regulation
The central struggle since the inception of the Republic has been about the control of money. Since the U.S. Constitution clearly defines coinage, the objective of the mercantile elite was to circumvent the law and establish a National Bank. Woe to any defender of President Andrew Jackson for abolishing the Second Bank of the United States and rendering the Bankster Nicholas Biddle to his ignominious place in hell. This victory for the common man was ultimately betrayed when the Federal Reserve Central Bank was instituted with all the ills of fractional reserve banking… (Continue to full article)
The Federal Reserve Cartel – The Eight Families who own the USA
Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods… (Continue to full article)
Wall Street Red Flag: A Bond Market Indicator That Has Predicted Every Recession In The Last 50 Years Just Got Triggered
If the bond market is correct, the U.S. economy is definitely heading into a recession. Over the past 50 years, there have been six previous occasions when the yield on three-month Treasury bonds has risen above the yield on ten-year Treasury bonds, and in each of those instances a recession has followed. Now it has happened again, and this comes at a time when a whole host of other economic indicators are screaming that a recession is coming… (Continue to full article)
Beware: The Ide(a)s of ‘Rare Coin’ Dealers
If you are not familiar with gold and silver or the so-called ‘Rare Coin‘ market (which is loosely aligned with it), nor some of the reasons why these goods are sought after all over the world, then this column will have little meaning to you, however it is our intent to educate you as to the pitfalls of what some call, ‘the Industry‘.
If you have been considering so-called ‘RARE’ numismatic coins as your main source of ‘holding‘ – then think again… What follows is an expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them!…. (Continue to full article)
President Kennedy, the Federal Reserve and Executive Order 11110
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation… (Continue to full article)
GOLD: A Valuable Thing to Store
There is great confusion regarding the value of gold through time, not because gold has changed but because everything else has. There is a market for gold all over the world… the stability of gold’s value through time is in contrast with the stability of government promises, especially concerning the stability of the national currency unit… Politicians lie. Gold muddles through. Central bankers make grandiose promises. Gold muddles through… (Continue to full article)
A new warning from Brazilian pulp exporter Suzano SA has raised concerns about the potential for toilet paper shortages and price hikes in the United States. While store shelves currently remain well stocked, the company reports that ongoing supply chain disruptions and new U.S. tariffs are already affecting shipments.
Suzano SA, the world’s largest exporter of pulp – a key raw material in toilet paper manufacturing – said it experienced a 20% decrease in shipments to the U.S. in April. The company’s leadership told Bloomberg News that the added costs from tariffs are now being passed on to American buyers and could soon be reflected in consumer prices. Continue reading
The 1792 half disme (or half-dime)(pronounced “deem”) is shrouded in mystery, rich with history, and is a true token of coin-collecting lore. Plus, this particular little proto-nickel is worth quite a lot. Firsts, in particular, tend to mean something in the coin-collecting world, with America’s first-ever gold coin being worth a fortune, as well as the first gold coin minted from California Gold Rush gold. However, the first currency to hit the scene in the fledging days of both the country, and the U.S. Mint, holds a particularly special significance. Continue reading
One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade
One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade. According to FlaglerLive, the retirement and disability program has been running a cash-flow deficit since 2010. Continue reading
Visitors from around the world come to the United States for healthcare because the U.S. has the best healthcare in the world, if you have money. Continue reading
Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific. I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well.
According to CNBC, there has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma… Continue reading
For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, we would be living an economic horror show right now. Continue reading
