Terrifying headline? Certainly so if you work for the Fed, or ever worked for the Fed. Yet, it is what is called for according to law. Having experienced the harmful results of a paper currency manufactured at will, early US statesmen tried to forbid it from ever happening again. Article [...]

Email received. Not likely from the real Dr. Seuss. Author unknown. I do not like this Uncle Sam, I do not like his health care scam … I do not like these dirty crooks, or how they lie and cook the books. I do not like when Congress steals, I [...]

A very well written description by Lew Rockwell of what has happened: Two years ago, the economy was seriously dragged down amidst an amazing banking crisis that spread throughout the world. The illusion created by loose credit — that housing could go up in price forever and we could enjoy [...]

The milk of American politics may be money, but the fuel for American socialism is Keynesian economics. Keynesianism’s inherent bias toward bigger government has made it the indispensable tool for statists around the globe. Politicians’ natural wont to spend and control benefited immensely when John Maynard Keynes published the General [...]

This quote could have come from anyone on the right, perhaps extreme right: “As every student of American history knows, this country’s core founding principles included nonpunitive taxation, constitutionally guaranteed protections against persecution of the minority and an inexorable right of self-determination,” he wrote. “Washington has taken actions over the [...]

This blog consistently emphasizes the importance of microeconomics over macroeconomics. Indeed, I argue that macroeconomics is not economics but rather a part of either history or statistics or some other field. It is merely the summary of past aggregates. In that sense it is both history and statistics. It summarizes [...]

An outstanding article from American Thinker: Hard Endings: Rome, China and the Modern West By Jack Curtis Roman government broke the economy; the people abandoned their myths and outreach became an inward collapse. China went from wealth, developing technology and trade to stagnation and decline at the hands of an ossified [...]

Below is a guest post I wrote for 20smoney.com. It discusses why the government will have to default on many of its promises/obligations. It is simply not mathematically possible to service what has been promised. Investing In A Difficult World Investing and life are both wonderful challenges. Often they are [...]

Jonah Goldberg Dorsal Fins Surround White House You’ve got to wonder when White House political guru David Axelrod will look at the churning pools of poll data and, like Chief Brody in “Jaws,” say: “We’re gonna need a bigger boat.” The analogy isn’t quite right, because in the movie, the [...]

Finally, so-called respected financial houses are admitting what many bloggers have been warning about for a very long time. Morgan Stanley admits that governments are insolvent and must default on their promises: “Governments will impose a loss on some of their stakeholders,” Arnaud Mares, an executive director at Morgan Stanley [...]

The issue of inflation-deflation will not go away. Michael Panzner has written an article as to why we will have hyperinflation. His key sentence is Hyperinflation is a fiscal phenomenon borne out of a bankrupt state that can’t service its debts. In one simple sentence, Mr. Panzner has described the [...]

An interesting battle is shaping up between what I call the “Eggs” and the “Idiots.” The significance of the terms and which team you are on will become clear shortly. American Thinker discussed the intelligence of President Obama and concluded: As far as Barack Obama being smart as a whip [...]

The financial crisis is much worse than government is willing to admit. At every level, financial reporting gimmicks are used to hide the true state of insolvency. The Federal Government plays their own games to hide the inevitable defaults. States do the same. From the WSJ comes the following: … [...]

From Consent of the Governed: I have two articles of interest to share with you – especially if you have some sort of nest egg. First off - Congress and Obama want your 401 (k)s and IRAs It’s in the works kids…. you’ve been saving and investing for years and now [...]

Another concerned citizen expresses his views on the Arizona immigration lawsuit by the federal government. California vs. ArizonaArizona and Its Immigration IssuesYou Are Going to Die

History is a great teacher. It often provides clues that enable us to understand the present and future. The ancient regime’s concept of divine right of kings seems pertinent to today. According to Wikipedia: The Divine Right of Kings is a political and religious doctrine of royal absolutism. It asserts that a monarch is subject [...]

Remember this guy? Remember how they attempted to paint him as out of touch? Dumb? Disinterested? Doesn’t seem that way to me. Oh that we had such common sense guiding us today! Reagan on FreedomObama as the New Reagan

The following is a trailer suggesting that a movie is apparently in the works. It is a powerful indictment of what the welfare state has done to black Americans. While it predominantly blames Democrats for using blacks (to the point of destroying several generations), Republicans are far from guiltless. I [...]

One of the most frequent questions I am asked in these times is how to get money out of the country. For those concerned about moving money where it cannot be confiscated by the government, Terry Coxon offers some advice on Financial Sense: EXPATRIATE YOUR WALLET Submitted by Terry Coxon on [...]

A very interesting post from Matterhorn Asset Management. The bracketed insert, I assume, comes from Tyler Durden of Zerohedge from where I obtained the post. The graphs in my previous post might be useful in this article. MONDAY, AUGUST 16, 2010 The Worst Case Scenario by Egon von Greyerz – [...]

Given the condition of our pathetic and controlled media, I find the reporting abroad about our condition more accurate than what we receive. The Telegraph (UK) has provided the most recent example in an article entitled “The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is [...]

Recent articles on socialism and central planning have dealt with the unworkability of either a pure socialist or a “mixed” system. Mises and Hayek provided the theoretical framework as to why neither could work. Virtually all real-world experiments provided the empirical evidence along with human suffering and atrocities. Despite the [...]

Another example of our school system. Andrew Klavan provides a humorous history lesson for today’s young. When you realize that many of our high school graduates do not understand much of this, I suppose it is not so humorous. The Corrupt Political ClassOur Only Asset is FreedomPity This Objection was [...]

Many have warned about the impossible mathematical situation the Federal Government has maneuvered its way into. This problem existed before President Obama, although he surely has accelerated the date with bankruptcy more than anyone else. I have laid out the absurd condition and shown why it is impossible to escape [...]