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
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
"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
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
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
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
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?
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
Antonius Aquinas 