After the internet bubble in stocks burst in 2000, the Fed used a big decrease in the Federal Funds rate to stimulate the economy. After stocks crashed for over two years, the investment community took advantage of cheap money to build up the housing market. The housing market was then brought down by subprime lending […]
Benjamin Franklin’s notorious quote stated, … nothing can be said to be certain, except death and taxes. We would argue that there is one more certainty: our dollar will always buy less over time. The US national debt stands at $28.3 trillion and is increasing by the second. The USDebtclock.org jumps keeps clicking away in […]
By simple definition, inflation is a general increase in prices and a fall in the purchasing value of money. According to the Bureau of Labor Statistics, the annual inflation rate in the US is 2.6% for March 2021. The annual inflation rate in May of 2020 was .1%. Inflation is already here in the real […]
The talk of generation X is when the next stimulus payment is coming so they can deposit in their free trading stock account app. Baby Boomers are wondering what stocks they can speculate with to retire rich. Seasoned investors are wondering what happened to good sound money principles. Less than a month after a $1.9 […]
On February 23, Jerome H. Powell, the Federal Reserve chair, testified to lawmakers on the economic rebound from the pandemic recession and the threat of future inflation. Equity markets continue to trade wildly as GameStop and Tesla continue to attract speculators as the Fed is seen as a savior no matter what. We all know […]
2020 was an abysmal year for those of us who believe in limited government and fiscal responsibility. Over the weekend, the US Senate set us on a path towards an even worse 2021 from a fiscal responsibility perspective. Clearly, the US and the world have turned a corner on the fight against COVID19. Both cases […]
Growing up in the NY area allows you to come across many walks of life. Johnnie was a great guy who loved life. Johnnie loved to spend and loved to borrow from every loan shark in town. Johnnie was a friend and asked me for a small loan. I asked Johnnie if this loan would […]
This week the World Gold Council published its Gold Outlook 2021. The World Gold Council is the leading authority and market development organization for the gold industry. The World Gold Council is an association whose members comprise the world’s leading gold mining companies. In this week’s article, we take a look at some of the […]
The US supplied the Allies in WWII and got paid in gold. After the war, countries linked their currencies to the US dollar, which was linked to gold. The Gold Standard ended completely in 1971, but the US dollar’s reserve status remained. Today more than 61% of all foreign bank reserves are denominated in US […]
I found myself staring at the US Debt Clock site since Friday afternoon. It’s like watching a ticking debt time bomb. The issue of US debt has always been an occasional issue that is often spoken about in political circles. The issue of creating debt that our children will need to pay back is brought […]
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