“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ~ Frédéric Bastiat, French economist
March 1, 2020 ~ Let’s talk numbers, shall we?
The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion (NOW $36 TRILLION) and growing. Continue reading
November 2, 2021 ~ Remember when Democrats proposed in their multi-trillion spendathon that the IRS would track all transactions of $600 or more in personal bank accounts?
Well, they took a licking from the public, so they upped it to a still-absurd $10,000 in total yearly transactions. Continue reading
It’s unclear how the treasure trove made it all the way to the Czech Republic. Credit: Museum of Eastern Bohemia
While the small aluminum can and iron box didn’t look like much at first, their contents stunned historians and two lucky hikers alike. The tourists initially stumbled across the containers during a hike in the Czech Republic’s Podkrkonosí Mountains earlier this year, but soon took their valuable findings to experts for evaluation. According to a recent assessment by experts at the Museum of Eastern Bohemia, the worth of the jewelry, artifacts, and nearly 600 gold coins inside the containers is estimated to be over $340,000. Continue reading
The value of a dollar shouldn’t require much math. If you have $1, you have $1, right?
Sort of! The dollar’s value fluctuates over time (inflation) and due to economic conditions (such as tariffs) based on how much you can purchase with that same dollar. Thus a dollar is really a measure of purchasing power. Continue reading
I bought the exact same lunch items for my granddaughter this week – same store, same brands, no special sales last week. Total? Up $10 just a few days ago, from $35 to $45. No bulk buys, no extras, just the usual stuff. How does this even happen?
I know prices have been creeping up, but this feels wild. Are grocery stores just randomly adjusting prices now? Or am I just noticing it more? I used to track my budget loosely, but now I’m thinking I need a spreadsheet just to keep up. Continue reading
China is normally the largest export market for U.S. agricultural products. In a typical year, we sell tens of billions of dollars worth of agricultural products to the Chinese, but now that door has been slammed shut thanks to the extremely high tariffs that China has imposed on U.S. imports. If that door is not reopened very soon, farmers all over the nation will be facing financial ruin due to massive financial losses that are already piling up. This is not a crisis that may or may not arrive someday – THIS is a crisis that is already here!
Continue reading
Silver has struggled to make meaningful gains despite gold’s sustained rally to fresh all-time highs. But while trade tariffs have muddied the waters and some correlations appear broken, some analysts still see the gray metal making big gains in the coming months. Continue reading
The Trump administration has tried to cultivate a reputation for preferring “Main Street over Wall Street.” Unfortunately, this image is belied by the administration’s renewed push for artificially low interest rates and monetary inflation. By embracing these policies, Trump has put himself squarely in the camp of “Wall Street over Main Street.”
This is because a policy of monetary inflation and low interest rates favors wealthy owners of assets while imposing higher prices and fewer income gains on people of more modest means. The Trump policies of inflation and low interest rates fuels levels of inequality far greater than would exist under relatively free market conditions. This is because the low-interest-rate policy increases disposable income far more rapidly for people at higher income levels than it does for people at lower income levels. Continue reading
The gold price kissed $3,500 last week before backing off. The yellow metal’s price has churned violently up and down $50 to $100 daily. For some gold bugs this price level seemed unimaginable without there being shooting in the streets. It’s the Central banks that are violently depreciating the value of their currencies. Continue reading
Hyundai Motor Company and Johnson & Johnson have launched significant investment initiatives in the U.S. Hyundai plans to invest $20 billion, including building a $5 billion steel plant in Louisiana. Johnson & Johnson plans to increase its U.S. investments by 25% to over $55 billion over the next four years.
President Donald Trump stated, “Money is pouring in. This investment is a clear demonstration that tariffs very strongly work.” Continue reading
