The Biden regime’s foreign policy team is filled with amateurs and half-wits whose heads are filled with Ivy League nonsense about how the world is supposed to work, as evidenced by the administration’s response to Russia’s invasion of Ukraine.
As part of the regime’s economic sanctions package, the Biden administration seized hundreds of billions in Russian currency reserves, which is going to have the unintended effect of knocking the U.S. dollar off its long-held status of being the world’s reserve currency. That will mean disaster for Americans and the U.S. economy in general. Continue reading
Most people believe lending is associated with money. But there is more to lending. A lender lends savings to a borrower as opposed to “just money.” Let us explain.
I may be wrong, but probably not, 
The government wants your money.
For some reason, the majority of Democrats and a few republicans believe that the American taxpayer is supposed to be the sugar daddy for the rest of the world. The way I see it if we have enough to send billions of dollars to 40 or 50 countries then our government is overtaxing the American people. Period.
Once upon a time, America’s money was based on real value that could be held in one’s hand. A dollar is still defined in the Constitution as a silver coin containing 371.25 grains of pure silver. Gold and silver coins or currency backed by gold and silver were the only legal tender.
Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US?
In the National Income and Product Accounts (NIPA), savings are established as the difference between disposable money income and monetary outlays. Disposable income is defined as the summation of all personal money income less tax payments to the government. Personal income includes wages and salaries, transfer payments, income from interest and dividends, and rental income. 
In 1690, Massachusetts Bay Colony embarked upon a short-lived experiment in unbacked paper money. It did not go well.
