The Slow Descent Into Reckless Hysteria – “The Ends Justify the Means!

“To write the truth as I see it; to defend the weak against the strong; to fight for justice; and to seek, as best I can to bring healing perspectives to bear on the terrible hates and fears of mankind, in the hope of someday bringing about a world in which men and women will enjoy the differences of the human garden instead of killing each other over them.” ~ I.F. Stone

I cannot believe some of the things that I am hearing on the mainstream media and reading on the internet these days. Well, shame on me if I am shocked, because I forecast that this was coming. A period of hysteria and a general disregard for reality follow on a long period of lies and corruption, like night follows day. First comes the loss of a regard for virtue of almost any sort, and then the embrace of the darkness.

If the economic hardships had been more rigorous I have little doubt that the killing would have come closer to home by now. Continue reading

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The German Hyperinflation, 1923

In the mid-1960s, money manager George J.W. Goodman began to write a series of irreverent and witty columns for New York magazine under the borrowed name of capitalism’s founding theorist, Adam Smith. As “Adam Smith,” Goodman went on to write several bestsellers about economics, the stock market, and global capitalism, among them The Money Game, Supermoney, and Paper Money, from which this account of the Weimar Republic’s disastrous hyperinflation is excerpted. ~ Excerpt from Paper Money by “Adam Smith,” (George J.W. Goodman), pp. 57-62.

Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership in optics, chemicals, and machinery. The German Mark, the British shilling, the French franc, and the Italian lira all had about equal value, and all were exchanged four or five to the dollar. That was in 1914…  Continue reading

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Gold Is The Cure For The Job-Drain

Gold is shiny dirt, money is toilet paper with dirt on it, and crypto is imaginary dirt….

Executive Summary
Falling (as opposed to low but stable) interest rates are lethal to the economy, especially if prolonged. They make the rate of marginal productivity decline. As it does, it prompts capital export. Migrating capital takes industrial jobs with it. This paper analyzes job-drain that is threatening America with de-industrialization. The process will continue as long as wild swings in the rate of interest do. The cure is to be found in the stabilization of interest rates. It can be effected by opening the U.S. Mint to the free and unlimited coinage of gold, as mandated by the U.S. Constitution.

De-Industrialization of America
The true story of the de-industrialization of America has never been told. It started with the U.S. Treasury defaulting on its gold obligation to foreigners in 1971, thereby foisting a regime of irredeemable currency upon the world. An unanticipated side-effect was the setting of the rate of interest adrift. Continue reading

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FDR’s ‘New Deal’ Social Security Act – Just That

Have you noticed that Social Security is now identified as an ‘entitlement’ like welfare, food stamps, housing, medical and education?

That is exactly how the government and their phony newspapers describe this today to the public. This is a typical government and newspaper lie. Continue reading

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Wondering Which States Americans Hate to Live In?

Ask U-Haul

Americans are dynamic people. World statistics on the number of cars per capita show that America is in first place among the “big” countries and in third place among all countries, behind the dwarfs of San Marino and Monaco.

Where do Americans drive other than to work, shopping, and perhaps to school? Americans move, and move quite often. They relocate to neighboring cities and distant states. Continue reading

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GOP Adopts Democrat Big Deficit Spending

If you ever had doubts that the Federal Government experiment has failed, the bipartisan busting of the budget has made it clear that Congress abdicates their sacred duty to defend the nation from internal enemies of the people. Forget the preposterousness argument that the United States must have the most expensive military to expand the evil empire that has been built up since the end of World War II. Real national defense starts at our own water’s edge and needs to relinquish any absurd notion that our own safety is enhanced by having deployments to every corner of the globe. Continue reading

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How to leave an inheritance that doesn’t tear your family apart

Why the high failure rate among affluent families?

When parents leave their hopes and dreams to chance, the odds of a successful outcome do not bode well.

“I give them a $20,000 gift and I don’t get a thank you?” Sound familiar? The dollar amount may vary, but the frustration is the same. More and more people are frustrated and confounded at the lack of appreciation they experience when passing along their wealth to their children and grandchildren.

They worked hard for their money because they wanted to give their kids and grandkids a better life. But these generous people are realizing that their wealth is causing them more grief than gain. Continue reading

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This is the real reason many Americans stay poor

The states that scored worst in the 2018 Prosperity Now Scorecard

A volunteer serves food at a ministry for the homeless and people in financial distress on January 24, 2018 in Philadelphia. The city continues to be ranked as the poorest of the 10 most populous cities in America with an estimated 25.7% of its population living in poverty.

In his State of the Union address, President Trump said “there has never been a better time to start living the American Dream.” But the new 2018 Prosperity Now Scorecard and its accompanying report says that isn’t so for low-income Americans.

The system is, by just about all measures, stacked against those with low incomes and low wealth for the benefit of the wealthiest,” says the report from the nonpartisan but left-leaning Prosperity Now nonprofit, which provides research and recommendations regarding Americans with limited incomes. Continue reading

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Where Everything is FREE!

Why work and be a provider, when you too make every working citizen in your state underwrite YOUR welfare.

Party on Dudes and Dudette’s!

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Volatility: Has Wall Street Found One More Index It Can Rig?

On Monday, an anonymous whistleblower sent a letter via his lawyer to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) charging that traders were manipulating the stock market volatility index known as the VIX. The whistleblower said that a flaw exists in the VIX that “allows trading firms with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.”

The Chicago Board Options Exchange (CBOE) where VIX options and futures trade, quickly denied the claims.

This whistleblower claims come at a time when billions of dollars are blowing up around the globe because traders placed wrong-way bets that the VIX would maintain the low volatility levels it has enjoyed over multiple years as a result of low volatility in the stock market. As the stock market plunged more than a thousand points on two days last week and saw big intraday reversals on other days, traders nursed big losses as the VIX spiked. [Read complete report]

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