Search completed
Charles Hugh Smith writes on his excellent Of Two Minds website that from 2008-2011, the US Federal government paid roughly $8.70 for every $1 gain in GDP. The Federal government borrowed and spent $6.1 trillion over the past four years to generate a cumulative $700 billion increase in the nation’s GDP. That means we’ve borrowed […]
John Mauldin included a chapter from his new book Endgame in his newsletter this week, and it’s a good one, taking a thorough look at historical examples of Inflation and Hyperinflation. The most interesting part of the chapter for me was its conclusion – there’s a quote from historian Peter Bernholz, the man who literally […]
Regular contributor Sy Harding takes a look at the measures the Fed and Federal Government have taken to avoid the second coming of the Great Depression – they’ve thrown everything at it, including the kitchen sink. And to give credit where credit is due, Bernanke & Co have (thus far, at least) been successful in […]
You know when socialist and libertarian politicians line up to battle a common enemy, something interesting is unfolding. Joining Ron Paul in his 30-year running assault on the Federal Reserve is Senator Bernie Sanders of Vermont – the only senator who openly identifies as a socialist (hey, let’s give Bernie credit, at least he’s honest […]
And on top of that, 17,000 payments were sent to prison inmates! The AP reports: More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report. The payments, which were part of last year’s massive economic recovery package, were meant […]
Recent Comments