After a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away: Lawmakers Propose ‘War Surtax’ to Pay for Troop Increase in Afghanistan. Two top Democrats say they want to impose a new tax on the wealthy to finance any increase in U.S. troops for the Afghanistan war.
Taxes and More Government Oppression Read More »
We have all heard that Social Security is running out of money and that by the time we retire there won’t be any money left. Have you ever wondered what the government can do about Social Security? Or Have you ever asked, “Why don’t we worry about Annuities and Insurance companies making their payments but we are always worried about the Government equivalent?
What can be done to fix Social Security? Read More »
Has It Paid To “Follow” the Fed? Yes, that’s a provocative question. Think of all the people who would squirm if they had to answer it.
Has It Paid To “Follow” the Fed? Read More »
I know as you read this, you are aware that America and the world are currently experiencing an economic crisis. Many economic experts say we could be heading towards a worsening recession or even a depression. In this article, I have listed a few tools that a government has at its disposal to pull itself out of a recession and even avoid a depression. It’s good to be aware of the intervention tools governments use to prop up an economy in order to better protect your wealth and purchasing power.
A Central Bank’s Toolkit to fight a Depression Read More »
You know they are trying to accomplish this ignominious feat. The goal is to keep Americans in an economic stupor. It is working.
Lies and deceit are pervasive. Newspapers, magazines, TV broadcasts, economic analysis and official prognostications are all based on shady statistics. Junk in… junk out.
Can the Feds Lie Their Way Out of a Depression? Read More »
Are Banks Going Bankrupt? “NO!”, say banks By Olivier Garret, CEO, Casey Research On April 21, Treasury Secretary Timothy Geithner said the “vast majority” of U.S. banks have more capital than needed. “Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators,” Geithner said in
Banks are Still Not Healthy Read More »
I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?
Obama Wants to Control the Banks Read More »
The old saying is that during a deflation cash is king. This is because as prices fall money becomes more valuable (i.e. it buys more). So it makes sense to hold onto it as long as possible and wait for it to increase in value. Because people hold onto their money it becomes scarce and harder to come by.
During a deflationary recession people also hold onto their money because they are uncertain about the continued supply of money (will they lose their job due to the recession, etc) so they in addition to holding money for appreciation, they are also “saving for a rainy day”.
Conversely during inflationary times money is becoming less valuable (buys less over time) so people want to get rid of it before it loses too much purchasing power and they even borrow as much as possible so they can pay it back with less valuable dollars. Keep that in mind as you read Andy Gordon’s excellent article on why bailing out the banks won’t help the economy. ~ Tim McMahon
Saving the Banks will Accomplish – Nothing Read More »
The following article is excerpted from a recent issue Elliott Wave International’s Financial Forecast. Elliott Wave International (EWI) is offering the full 10-page issue, entitled “The Most Important Investment Report You’ll Read in 2009,” free for a limited time. In addition to the following market commentary, it includes independent forecasts of stocks, bonds, metals, the
Can the Government Stop Another Great Depression? Read More »
On several occasions of late, I have read or heard the phrase, “We are all Keynesians now,” an erudite way of expressing the idea that the free market is dead. And that the fate of the global economy now relies almost entirely on pragmatic measures yet to be taken by governments, most notably that of the United States.
Given that the word “pragmatic” is often used to describe President Obama, it appears that the man of the hour has arrived just in the nick of time.
The Free Market is Dead Read More »
