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
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
Former President Donald Trump attends a rally in support of Arizona GOP candidates, Prescott, Ariz., on July 22, 2022. (Mario Tama/Getty Images) Once again, former president Donald Trump criticized the Biden Administration for the record consumer price increases that Americans are now paying. His remarks followed up on his July 4th speech in Wyoming where … Continue reading Trump’s Inflation
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
Antonius Aquinas 