Default Hysteria: No Time To Panic; Time To Plan
Economic “crisis,” which is really a painful return to economic reality, is inevitable. It’s certainly time to think about…
Continue readingdeficit spending
Defaulting On The National Debt, Rewarding The Regime, And The Obligation To Pay Our Debts
Public debt is paid off with tax dollars from taxpayers who had no choice in the matter and were not parties to the contracts between the creditors and the borrowers. […]
Continue readingYellen Is Wrong: The US Government Doesn’t Always Pay Its Debts
In 1934, the United States defaulted on the fourth Liberty Bond. The bonds were to be payable in gold. This presented a big problem for the US, which was…
Continue readingFed Taper Fully Priced Into The Markets: Now What?
Less dovish is not hawkish, and plans for minting a $1 trillion platinum coin would officially make the U.S. a banana republic…
Continue readingThese Huge Deficits Wouldn’t Be Possible without the Fed’s Inflation
The political benefit to the US government goes beyond just keeping interest rates low…
Continue readingEverything Is Awesome Because the Fed Says so
Biden vows to grow government and use it against entrepreneurs and small business owners. We’ve barely begun to…
Continue readingThe Fed: Why Federal Spending Soared in 2020 but State and Local Spending Flatlined
Thanks to the Federal Reserve, when the US government needs to borrow another $500 billion or even another trillion dollars…
Continue readingOne Mad Market, Six Cold Reality Checks, And Gold
Gold & silver have nowhere to go but up, up and away in this totally…
Continue readingMoney Is Cheap, Own Gold
Sure Mr. Biden, money is cheap. But whose money is it? Biden’s first wide-ranging budget calls for big spending on infrastructure, education and, of course…
Continue readingTax, Tax & More Tax: Another Biden Election Promise Fulfilled
Biden wants Congress to approve a $6 trillion budget in fiscal 2022. How’s he going to pay for that? Tax, tax and more tax on everyone and…
Continue readingInflation, Deficits, Soaring Gold & Silver: Mining Stocks Ready Launch
The precious metals market may be starting to figure out that price inflation is going to become an uncontrollable problem. It will…
Continue readingBig Government and Big Inflation
Unfortunately, there is not much appetite in Congress for spending cuts…
Continue readingThe US Government Is On Track to Top Last Year’s Record-Breaking Deficits
Eventually the taxpayers have to pay for it, either through a ruined currency, or by…
Continue readingWill Biden Build Back Better…Gold?
Biden’s plan is fundamentally positive for the yellow metal. After all, Biden wants to further increase…
Continue readingThe US Recovery Is Weak, Especially Given the Size of the “Stimulus”
There is an overly optimistic consensus view about the speed and strength of the United States’ recovery that is contradicted by facts. It is…
Continue readingBiden’s Amtrak Infrastructure Scam
Given that Amtrak is programmed to lose money, spending on the railroad is just that: spending. It is not an investment, since there is…
Continue readingSome clear thinking on the yesterday’s massive deficit announcement
Growth in the national debt is VASTLY outpacing US economic growth, indicating that the people in charge continue to…
Continue readingBiden’s Colossal Budget Confirms Trump-Era Mega Spending Will Continue
There’s little reason to assume the Democrats will depart from the GOP trend…
Continue readingFinancial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity
We’re not living the American dream. We’re living a financial nightmare. We’ve been sold a bill of goods by politicians promising to…
Continue readingGovernment borrows. Who should pay for it?
The big debate now is over how much the Government should borrow, but it instead needs to be over who should pay for it…
Continue reading