Should Americans care if the International Monetary Fund allowed China into the Club?

Recently the International Monetary Fund (IMF) approved the Renminbi into their exclusive club of currencies that make up their Special Drawing Rights (SDR’s). I knew it was coming. The next email I opened reminded me why. Each morning I read The Daily Pfennig, written by good friend Chuck Butler. He is excellent at taking major world events and explaining them […]

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“Stop the Insanity”

Fitness and diet guru Susan Powter was a mid-1990’s self-help sensation, recognized for her “Stop the Insanity” mantra. With her high-energy style and personal story of losing over l30 pounds as a single mother, she had a major impact on the diet and fitness industry. She was truly motivational and told her audiences, “If you continue with the same behavior, […]

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Buyback shares = BS 101

I was in “Basic accounting 101”. The professor wrote “RULES” on the blackboard (an ancient visual communication device). Rule #1 – debits on the left, credits on the right. Rule #2 – Assets minus liabilities = net worth. While the blackboard may be obsolete, the rules still apply today. A recent Zerohedge article includes a chart outlining corporate bond debt […]

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When Congress names a bill look in the mirror

When Congress names a department and/or passes an “act”, it generally does the opposite of what it’s named. How “secure” is our Social Security, and how much offense has the “Department of Defense” been playing over the last several years? In October, the House of Representatives passed “The Retail Investor Protection Act.” The Investment Company Institute, (the national association of […]

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It’s time Uncle Sam takes a haircut at his expense

For the third time since 2010 social security recipients will not receive a Cost of Living Adjustment. The working class is cutting personal spending and businesses worldwide are doing the same. The Wall Street Journal reports: “More than a year after oil prices began their descent to under $50 a barrel from over $100, the number of energy-company layoffs world-wide […]

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