March 28, 2024

What Is The Value Of Paper Currency?

Central banks around the world have initiated a policy of virtually unlimited quantitative easing (money printing).  Does anyone expect the value of paper money to retain its purchasing power as central banks print endless amounts of new paper money out of thin air? Gold and Silver Blog Japan Joins The QE Race – Who Can […]

It’s Not Your Imagination – Our Living Standards Are Collapsing

No one likes earning less this year than last year.  If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble.  The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]

The National Debt Will Probably Hit $16 Trillion By The Time You Read This

The national debt has become the biggest threat to America’s future financial security.  No one has a workable solution on reducing the debt.  Where we go from here is anyone’s guess but throughout history, the consequences for hopelessly over indebted nations has been the same – outright default or massive money printing that ultimately destroyed […]

Yes, It’s True, Money Can Make You Happy – “Economic Suicides” Soar Worldwide

I really love it when I hear people say that “money can’t buy happiness.”  This quaint old saying is usually a palliative remark, spoken by people without money who really wish they had money. The brutal reality being made crystal clear by the spreading world wide depression is that many people without money are discovering […]

Why U.S. Deficits Are Necessary and Austerity Is Self-Destructive – Finance For Dummies

Would the United States be committing economic suicide by instituting an austerity program to reduce the national debt and deficit spending?  One man who thinks so is Bill Black, author of “The Best Way To Rob A Bank Is To Own One.”  Bill Black is a financial expert, frequent critic of the banking industry and […]

Federal Reserve Trickle Down Policies Enrich Wall Street While Screwing Consumers

The Federal Reserve’s policy of printing money and repressing interest rates to all time historical lows was supposed to result in widespread economic benefits.  The results to date, however, have proven uneven.  While homeowners have reaped the benefit of lower mortgage rates, savers and retirees have experienced real negative returns, which has resulted in a […]

It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing

Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe.  Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]

Is Achieving “The American Dream Life” Still Possible?

The wealth and living standards of the average American remains the envy of much of the world.   Most of us own a home, 91% of Americans have at least one car, our work force is highly educated, household median income is $50,000 per year and only 15% of Americans live below the poverty line. Despite […]

Obama Obsession With “Millionaires and Billionaires” Continues

As the U.S. economy continues its slow but steady march into economic depression, the Obama obsession with taxing millionaires and billionaires continues.  Consider, Obama Tax Plan Would Ask More of Millonaires. President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that […]

Obama’s Speech On Financial Crisis Will Plunge Us Into Depression

Crippling debt and deficits have lead the global economy to the precipice.  Finances of world governments since the financial crisis have dramatically deteriorated and confidence in paper money has reached a new low.  Equity markets are crashing while gold (the barometer of trust in paper money) soars. As we stare into the abyss, President Obama […]