Since his return to office in January, President Donald Trump has called on Federal Reserve Chairman Jay Powell to cut interest rates which Powell and the Fed’s Board of Governors have refused to do. In typical child-like behavior when he doesn’t get his way, Trump has hurled insults at Powell calling him a “stupid person,” … Continue reading The Trump – Powell Spat: A Distraction from the Debt Crisis
While DOGE (the Department of Government Efficiency) has made almost daily headlines pointing out fraud and waste in government, the real battle over federal spending is beginning to take place. From what has been proposed, it looks like it will be business as usual in Washington. Last week, the full House of Representatives passed the … Continue reading Big Spending Continues Under Trump
Colorful houses of the coastal town of Ilulissat in western Greenland. Although Donald Trump is now in office, his statements since the election indicated he has forgotten his pledge to follow an “America first” foreign policy. This is what he promised during the recent presidential contest and what he pledged in the 2016 campaign, but … Continue reading Trump’s Grandiose Political Centralization Scheme Not America-First in Spirit
Outgoing Treasury Secretary Janet Yellen has apologized (sort of) for the Biden administration’s failure to reign in the U.S. financial house and presiding over an increase in trillions of dollars in debt for the nation. According to Tyler Durden, writing for Zero Hedge, Yellen said at a Wall Street Journal organized event in December: I … Continue reading Treasury Secretary Janet Yellen Apologizes for Out-of-Control Debt
A recent AARP poll provides further evidence of the deterioration of American living standards, especially for those approaching retirement age. The study contradicts what most policy makers have believed to be a “soft landing” for the economy after two years of rampant inflation. “More than one quarter of U.S. adults over the age of 59,” … Continue reading Many Americans Say They Will Never Retire
The recent run-up in the gold price has not garnered the attention among the mainstream financial media outlets as it should. Gold has, in part, been overshadowed by the rise in the price of bitcoin and other cryptocurrencies. Naturally, the financial press, which is really an arm of the government and its central bank, wants … Continue reading What the Rising Gold Price Signals
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”
Similar to Patrick Buchanan’s campaigns, Newt Gingrich’s “Contract with America,” the Tea Party, and to some extent Donald Trump’s presidency, the Convention of States Project* will not solve the crises that America faces. It will, undoubtedly, like most of the previous reform and populist movements be sabotaged by the ruling class if it ever gets … Continue reading The Convention of States Project: A Bad Idea
Antonius Aquinas 