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Archive for the ‘Government debt’ Category

Trump Needs to Read This Essay

10 Nov

Must reading for members of Congress, too.

“According to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the past.”

Source: How Government Budget Deficits Make Us Poorer

 

Where is the Price of Gold Headed?

03 Nov

Source: This Is What Gold Does In A Political Crisis, “Trump Might Actually Win” Edition

 
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Posted in Business cycle, Crony capitalism, Donald Trump, Economy, Government debt, Hillary Clinton, Presidential election

 

Out of the blue?  

08 Oct

“Here are nine ‘black swan’ events in recent memory that profoundly changed markets, ranging from the Asian financial crisis of 1997 to the more current Brexit.”

Source: Black Swans: 9 Recent Events That Changed Finance Forever

 

Are we at the tipping point?

01 Oct

“THE WORLD IS ON THE EDGE OF A DEFLATIONARY BLACK HOLE The world economy is now at its most dangerous point in history. In virtually every major country or region, there are problems of a magnitude …”

Source: The World is on the Edge of a Deflationary Black Hole | Matterhorn – GoldSwitzerland

 
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Posted in Banks, Business cycle, Central banks, Federal Reserve, Government debt, Money, Precious metals

 

What two-party system?

21 Sep

Robert Wenzel takes down Sen. McConnell’s surrender to the Democrats.  George Wallace was right, there’s not a dime’s difference between the Democrats and Republicans.

 

Are central bankers giving up on fiat money?

20 Sep

“After years of selling their stocks of gold, central banks around the world are now buying bullion, according to a new study on the “Seven Ages of Gold.”

Source: Central banks have been buying gold with a vengeance

 
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Posted in Central banks, Free markets, Gold, Gold standard, Government debt

 

Joe Salerno grades Trump’s economics

16 Sep

“Donald Trump has announced his economic advisory team and unveiled a preliminary broad brush economic program that his prospective administration would implement. He has promised to fill in the details of his America First Economic Plan as the election approaches.”

Source: Grading Trump’s Economic Policy

 
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Posted in Crony capitalism, Donald Trump, Economy, Free markets, Government debt, Presidential campaign

 

Bipartisan fiasco

10 Sep

“The Six Presidents Causing US Bankruptcy By Egon von Greyerz Since Reagan came to power in 1981, the US has had a total of five presidents who have spent ever increasing amounts of money to hang on…”

Source: The Six Presidents Causing US Bankruptcy | Matterhorn – GoldSwitzerland

 

Field trip with my colleagues to the Museum of American Finance

19 Jul

I spent this morning with three of my colleagues visiting the American Museum of Finance on Wall Street, down the street from the NYSE, the Trump building and a couple of blocks form the New York Fed.  Last week I joined the AMOF and will organize a trip in September for my Financial History of the US course.  I urge you to join at www.moaf.org

Below are some pictures I took inside the museum.  If you will be visiting NYC, I highly recommend spending some time viewing the exhibits, which show how American finance was instrumental in creating our prosperity.

 

Bull and bear tug of war

Evolution of paper money

Evolution of paper money

Gold, real money

Gold, real money

Statue of Hamilton next to a room housing a collection of his works

 
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Posted in Banks, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Government debt, Money, Politics, U.S. Dollar

 

Debt is crushing the global economy

17 Jul

“Max Keiser Financial War Reports”

Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser

 
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Posted in Business cycle, Central banks, Debt, Economy, Federal Reserve, Free markets, Gold standard, Government debt, Inflation, Interest rates, Money, Politics

 

Grossman: Trust fund and Atlantic City should declare bankruptcy

14 Jul

A compelling case to get debt under control and not raise the “gas tax.”   Murray Rothbard made the case to repudiate the national debt in 1992.

Source: Grossman: Trust fund and Atlantic City should declare bankruptcy

 
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Posted in Banks, Crony capitalism, Gas tax, Government debt, Leadership, New Jersey, New Jersey constitution, New Jersey Supreme Court, Politicians, Politics, State government