Rich Nations That Went Broke By Spending Too Much
Government spending drives taxes, deficits, debt and inflation, so it’s at the core of our economic problems. What to do about runaway spending? The tendency is to imagine that it might be controlled...
View ArticleU.S. Suspends Production of Presidential $1 Coins
If you were the federal government, what would you do if you had a billion unwanted and unused dollar coins? Until today, the answer would have been keep spending millions of dollars making more and...
View ArticleGresham’s Law at Work: Pennies and Nickels Are Disappearing
When Kyle Bass defended his decision on BBC Radio Hard Talk on November 17th to purchase 20 million nickels, he was just putting Gresham’s Law into operation. Bass, the founder and principal of the...
View ArticleThe Federal Reserve and Santa Claus [Spoiler Alert]
I believed in Santa Claus a little longer than most children do. For some reason, as long as I couldn’t definitely prove that my parents were the ones leaving presents under the Christmas tree, I...
View ArticleDid The Fed Quietly Bail Out A Bank On Tuesday?
Over the past month we have been closely documenting a major funding squeeze in the all important shadow economy – the “synthetic liquidity” conduit which far more than traditional sources of cash, has...
View ArticleObama to ask for debt limit hike: Treasury official
(Reuters) – The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling to allow the United States to pay its bills on time, according to a senior...
View ArticleNew Hampshire: Romney Wins, Paul Second
Former Massachusetts Governor Mitt Romney won the first-in-the-nation New Hampshire primary January 10 with 38 percent of the vote, and Texas Congressman Ron Paul placed a strong second with 23 percent...
View ArticleThe War for Gold, Silver, and Liberty
by Mike McGill – Kristos Trading Right now, there is a very heated contest occurring in the precious metals community – a war between the banksters, Wall Street elite, and mainstream news financial...
View ArticleGold back in vogue, posts biggest gain since August
(Reuters) – Gold prices were on course for their biggest monthly rise since August on Tuesday, supported by a weaker dollar and raising the possibility of a climb toward last year’s record high of just...
View ArticleLarry Summers for Fed Chairman, because the economy isn’t bad enough yet.
Larry Summers, erstwhile Treasury Secretary and President of Harvard University, is in the news again. Ryan Grimm of the Huffington Post is reporting the President is considering Summers for the...
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