While events in the unprovoked Israeli-U.S. aggression against Iran remain in flux due mostly to the quixotic, contradictory and downright duplicitous policies and actions of a seemingly mentally unstable American president, it is quite difficult to assess the effects of the war on U.S. and world energy markets and thus their overall economies. What is … Continue reading The Unseen Costs of War on Iran
Despite considerable arm-twisting, President Donald Trump’s laughably misnamed “Big Beautiful Bill” (actually a Big Ugly Atrocity) barely passed both houses of Congress. Such a monstrosity, which has been conservatively estimated to add $5 trillion to the national debt including interest over the next decade, is a slap in the face to those souls who believed … Continue reading Trump’s “Big Beautiful Bill” and the Ultimate Demise of the Dollar
In the final days of his presidential run, Donald Trump floated the idea of eliminating the income tax and replacing it with tariffs as the means to fund federal spending. He cited the era of U.S. history when the country had no income tax: When we were a smart country, in the 1890s . . … Continue reading Taxes vs. Tariffs: Which is Fairer?
The tensions between the West and Russia over the Ukraine have escalated over the past few months with an almost daily occurrence of provocations and belligerent talk mostly from members of NATO. In response, Russia sent a naval contingent to the Caribbean in a show of force. Some of the Western provocations include: Polish President … Continue reading Economic Collapse May Be the Only Way to Prevent World War III
While it made some headlines in the financial press, neither policy makers nor the two presumptive presidential nominees have paid much attention to the fact that the U.S. is adding a mind-boggling $1 trillion to the national debt every 100 days. This amounts to around $3.6 trillion annually. As law makers remain willfully ignorant of … Continue reading The U.S. Is Spending $1 Trillion Every 100 Days On The Deficit
Sam Bankman-Fried (SBF), the founder of FTX and Alameda Research hedge fund has been found guilty on all seven counts related to financial fraud and money laundering in a lower Manhattan court room. The trial took a lot less time than expected as did the jury’s deliberation of the case which speaks to the overwhelming … Continue reading The Hypocrisy of the Sam Bankman-Fried Conviction
As another farcical “debt-ceiling raising” saga unfolds, conducted by the two indistinguishable political parties hell-bent on driving America into economic ruin, it would be instructive to look at how some earlier conservative/libertarian thinkers viewed public debt. Unlike the present generation – with the notable exception of Ron Paul – these intellectuals asked fundamental questions about … Continue reading “Don’t Buy Government Bonds”
Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.* Like the gigantic federal budget deficit, the trade imbalance is no longer talked about by the financial press. There … Continue reading America’s Trade Deficit: An Enormous Concern
The use or rather misuse of language has always been an effective tool of politicians to enact their agendas. George Orwell’s “Politics and the English Language” brilliantly showed, in his day, how language was being manipulated for all sorts of totalitarian measures: Political language -- and with variations this is true of all political parties, … Continue reading “Inflation,” Properly Defined
The iconic Champs-Élysées and its Arc de Triomphe stand eerily empty before V-E Day ceremonies Friday in Paris. This month (May 8th) marks the 75th anniversary of “V-E Day” when German forces unconditionally surrendered to the “Allies.” Numerous articles, essays, and monographs have appeared commemorating the anniversary and while all are mostly laudatory, some have … Continue reading On the 75th Anniversary of V-E Day and the Coronavirus Scamdemic
Antonius Aquinas 