Proposed Left-Right Alliance Pushing ‘Wealth Taxes’ Probably Won’t Happen

Proposition 40, the California Billionaire Tax Act, is continuing to exacerbate the fissures within the Democratic Party between mainstream politicians such as Governor Gavin Newsom and the rising tide of Democratic socialists such as New York City Mayor Zohran Mamdani. The California Democratic Party has officially endorsed the one-time 5% tax on the worldwide net … Continue reading Proposed Left-Right Alliance Pushing ‘Wealth Taxes’ Probably Won’t Happen →

Is Democratic Socialism the Wave of the Future?

New York Mayor Zohran Mamdani The election of Zohran Mamdani as mayor of New York City earlier this year is another stark indicator of the growing popularity and influence that Democratic Socialist candidates and their ideas are having on American politics. Mamdani’s victory, no doubt, is worrying Democratic Party elites. They fear that the radical … Continue reading Is Democratic Socialism the Wave of the Future? →

The Tragedy of Alan Greenspan

Alan Greenspan, the second-longest serving Federal Reserve Chairman in history, passed away on June 22, 2026 at the age of 100. Greenspan was given the moniker of “Maestro” for his management of U.S. monetary policy, which saw periods of economic expansion, booming stock values, rising home prices, and low unemployment. While he was still lauded … Continue reading The Tragedy of Alan Greenspan →

Precarious Times Lay Ahead for the Moribund American Economy

Donald Trump's Economy Falters As President Donald Trump seeks to extricate himself from the unprovoked and strategically inane war that he and his cohort Israeli Prime Minister Benjamin Netanyahu have waged on Iran, economic conditions in America continue to decline. In a year and a half of Trump 2.0, things have gotten worse – factory … Continue reading Precarious Times Lay Ahead for the Moribund American Economy →

Bleak Picture for U.S. Economy

"I don't think about Americans' financial situation" Similar to Hillary Clinton’s lack of empathy for the plight of unemployed West Virginia coal miners during her unsuccessful 2016 presidential run which contributed, no doubt, to her surprising defeat, President Donald Trump appears to be just as out of touch with the economic conditions of the vast … Continue reading Bleak Picture for U.S. Economy →

Higher Energy Prices Threaten U.S. Unemployment, Affordability

President Donald Trump’s decision to join Israel in its war of aggression on Iran has not only failed to achieve its political aim, but for the United States and the world economies, the financial fall out has been a disaster, which, if conditions continue, will only intensify. Although the United States is a net exporter … Continue reading Higher Energy Prices Threaten U.S. Unemployment, Affordability →

The Unseen Costs of War on Iran

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 →

Dick Cheney and the American System of War

Former Vice President Richard “Dick” Cheney died on November 3, 2025 at the age of 84. As secretary of Defense under President George H.W. Bush, Cheney was the architect of the 1991 Persian Gulf War and later, as vice president under George W. Bush, he was instrumental in the invasion and eventual conquest of Iraq. … Continue reading Dick Cheney and the American System of War →

Central Banks Hoard Gold, Shed U.S. Treasuries

A lot has been made by gold-money bugs about the roles that central banks have played in the run-up in the gold price that accounts for a 38% increase in the yellow metal’s price this year alone. Some of these analysts attribute the shedding of central bank holdings of U.S. treasuries and other agencies’ bonds … Continue reading Central Banks Hoard Gold, Shed U.S. Treasuries →

Trump’s “Big Beautiful Bill” and the Ultimate Demise of the Dollar

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 →