The ongoing Wuhan coronavirus (COVID-19) pandemic, including federal relief efforts to blunt its impact on the economy, will cloud the U.S.’s long-term fiscal outlook for decades to come. This analysis comes from the Congressional Budget Office (CBO), which released new forecasts Monday, showing that federal debt will likely surge to 104 percent in 2021 and be nearly twice America’s economic output in 2050. Continue reading
Before young Carlo Ponzi pioneered in financial chicanery, he had already lead an interesting – and criminal, to anyone who should have bothered to check – life.
September 11, 2003 ~ As the legend goes, the scheme that would make Carlo Ponzi a household name occurred to Carlo when he was a young man. Carlo would sit on his front steps in Boston and watch his neighbors return home from a day’s work. It was during one of these daydreaming sessions that his innovation struck. Predictably enough, the first victim of what would become known as the Ponzi Scheme was Carlo’s friend Tony. Carlo made an intriguing offer: if Tony lent him $20, Carlo would return $30 in ninety days. “I’ll meet you right here and pay you 50 percent on your money.” Continue reading
Lysander Spooner
All the usurpation, and tyranny, and extortion, and robbery, and fraud, that are involved in the monopoly of money are practised, and attempted to be justified, under the pretence of maintaining the standard of value. This pretence is intrinsically a false one throughout. And the whole motive for it is to afford some color of justification for such a monopoly of money as will enable the few holders of gold and silver coins (or of such other money as may be specially licensed and substituted for them) to extort, in exchange for them, more of other men s property than the coins (or their substitutes) are naturally and truly worth. That such is the fact, it is the purpose of this article to prove. Continue reading
It does not appear that the US has much time before the final unraveling of the economy takes place…
Traditional Catholic Bishop Richard Williamson’s latest missive should be a wake-up call for those who naively believe that the worst is behind for the US and Western economies after the March financial sell off and the long-anticipated implosion of the bubble economy. His Excellency asserts that the US and much of the world are on a financial precipice:
At this moment the United States has been brought to the brink of a tremendous economic crisis, and with the USA, the rest of the world. (Economic Reality)
Continue reading
~ Nova Roma ~
March 2012 ~ Rome in the days of the Republic was a city-state, not an empire. Their army was comprised of citizen-soldiers, called to duty in times of peril. The afterglow of their system of government can be seen incorporated into the founding documents of the United States such as the Constitution, particularly the checks and balances. The Romans biggest fear was a dictator, although they ironically allowed for one when there was extreme danger. Continue reading
Originally published in September/October of 2011 – NOTHING has changed! ~ Ed.
When I was a teenager, a gallon of gasoline was about 25 cents and so was a loaf of bread. Now, each costs around $4. However, there are gas stations today (one is in Medford, Oregon) that will sell you a gallon or more of gas for a mere 25 cents but only if that quarter is a pre-1965 “junk silver” quarter. They call those pre-1965 silver dimes, quarters, and halves “junk silver” because, having been circulated, they are worn and have no real numismatic (coin collecting) value. But they are far from “junk” as each coin is 90% silver, and silver is becoming more and more valuable.
If money becomes worthless, and it’s becoming worth less and less every day, possessing junk silver currency in a collapsed economy may bump you to the head of the line for medical services, food, or for a host of other goods and services for your family. There may come a day when $100 face value in junk silver coins are worth 400 or more gallons of gas. In a car that gets 25 m.p.g., that can be at least 10,000 miles of travel. On the other hand, it can be more than 400 loaves of bread for your family to eat or maybe 500 to 600 cans of soups and veggies. Continue reading
Bank of America CEO Brian Moynihan kicked off Fortune’s inaugural Brainstorm Finance conference in Montauk, N.Y., on Wednesday by discussing the tech-driven strides made by one of the country’s largest financial institutions.
Speaking with Fortune editor-at-large Shawn Tully, Moynihan touched on BoA’s embrace of artificial intelligence-driven technology via applications like Erica, a voice-activated virtual assistant used by 7 million customers. By his estimation, the financial institution has “probably spent $30 billion on code” over the past eight years to develop and improve its technological infrastructure. Continue reading
“George Bailey, you’re just too sentimental!”
When I was growing up, Social Security used to be called “the third rail of American politics,” because it threatened to kill the career of any politician who dared touch it.
Not, it seems, any longer… Continue reading
Just in case some of you young whippersnappers (& some older ones) didn’t know this. It’s easy to check out, if you don’t believe it. Be sure and show it to your family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts.
Social Security Cards up until the 1980s expressly stated the number and card were NOT to be used for identification purposes… Continue reading
The Federal Reserve is actively trying to destroy the dollar, which was the plan when they started enslaving humanity in 1913. The goal has always been to own the world through the debt-based monetary system.
Now that the central bankers have admitted to working on the digital dollar, that will be tracked and traced and wholly centralized and controlled by the banking cartel, it’s only a matter of time before we have a choice a make: freedom or slavery. They are going to attempt to control us with the fiat money they create. This will be a system of complete subjugation, make no mistake about it. Continue reading
