The rich rule over the poor, and the borrower is slave to the lender.
Most economists and investors believe our economy recovered from the Great Recession. They and the mainstream media say our economy is strong and that the Federal Reserve’s monetary policy worked. Conservatives seem convinced that Trump’s tax cuts signal the beginning of a new prosperity in America. Read more
Two years ago I wrote an article that poked fun at President Obama’s notion that America’s economy was strong and that it would adapt to the global economy. Since then the elephant in the room that President Obama and most of America ignored has only gotten fatter. Swamped by debt, (more…)
According to some economists and government leaders, parents all across America have evidently been wrong for decades. Money actually does grow on trees. Read more
The proposition that the level of prosperity the U.S. enjoys is unsustainable will inevitably draw scorn from patriots and economists alike. Wealth creation, to many, has no fixed ceiling. Whether because of faith in the idea of American exceptionalism or in Yankee ingenuity or that America possesses an unsurpassed entrepreneurial spirit, or in our military might or that the good times will continue because we are the recipients of God’s favor, many cannot be convinced that our fortunes will decline significantly and for a considerable length of time. Read more
Do you feel repressed? No? Well, maybe you should.
Please let me explain. If you live in a nation that has a central bank (and who doesn’t?) then you are probably subjected to some form of financial repression. Read more
“…all the talk of America’s economic decline is political hot air.” – President Obama
It is odd that the president said this about the economy last Tuesday in his State of the Union Address. Read more