The Problem Ain’t The Cost Of Money – It’s The Cost Of Stuff!

New Year’s Eve, 1999 – a special time for Jo and me. We took our motor home to Key West, Florida. We celebrated the magic moment, the turn of a century, in front of (famous Ernest Hemingway hangout) Sloppy Joe’s Bar. As the conch shell slid down the pipe, people yelled, “10-9-8-7″…until the clock struck midnight. Happy New Year! I […]

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The “Culture of Corruption” Is Historic

Noel Tichy defined culture as, “The unwritten norms, beliefs and values that define appropriate behavior.” Imagine all the mafia crime families merging together, with unlimited money supply, and the ability to control the government. The cartel would make trillions with no accountability. Forming The Cartel In the 1880’s President Garfield warned: “Whoever controls the volume of money in our country […]

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What Does Really Matter?

Recently our friends at WHVP published an eye-opening article, The Swiss View: “It doesn’t really matter that much” discussing Fitch downgrading the US credit rating: “Fitch announced that they downgraded the credit rating from the U.S. from AAA to AA+. ….(citing) the suspended debt ceiling and the high debt-to-GDP ratio. …. While the announcement itself is already worrying, it is […]

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You’re Buying the Government?

Trillions for bank bailouts, secret loans, exorbitant inflation, negative interest rates; middle class struggles while the rich get richer…. How did we get into this mess? Frontline on PBS outlines, “The Long Demise of Glass-Steagall.” (Emphasis mine) “1933 Following the Great Crash of 1929,…politicians, see market speculation…by banks during the 1920s as a cause of the crash. In 1933, Senator […]

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A Banking Crisis Shouldn’t Be the Taxpayer’s Problem.

Chairman and CEO of JPMorgan Chase, Jamie Dimon wrote shareholders about banking turmoil, “As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.” IGI Global defines a banking crisis: 1. Banking crisis reflects the crisis of liquidity and insolvency of one […]

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The Wolves Are Devouring The Sheep

The Fed leaped into action when the Silicon Valley Bank (SVB) failed, and Congress quickly agreed they were derelict in their duties. No one asked why the Fed doesn’t act to keep us safe? The Fed’s website tells us: “What is the purpose of the Federal Reserve System? The Federal Reserve System,…’the Fed,’ is the central bank of the United […]

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Are All Banks Going Broke?

Shortly after the Fed bailed out the Silicon Valley bank depositors, Reuters reported that Credit Suisse failed: “ZURICH, March 20 (Reuters) – Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country’s gross domestic product, as part of their merger to buffer Switzerland against […]

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What Does the Fed Have to Break?

While Fed Chairman Jerome Powell appears determined to bring inflation down to their 2% target, inflation is far from under control. Pundits predict Powell will continue raising rates until something breaks. Recently Silicon Valley Bank (SVB), (and others) bellied up and depositors were bailed out by the FDIC. What has to break for the Fed to declare victory over inflation? […]

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Are We Really Screwed?

I am increasingly frustrated, wading through my weekly reading stack. It is maddening! Despite the recent fed action, inflation is soaring, prices are out of control. The economy is slowing, the stock market is tanking. The long-predicted results of outrageous government and central bank policies are coming home to roost. The signs were clear, anyone with common sense could see […]

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