The Fed Doesn’t Have A Problem With Fake Money – America Does!

I chuckled when I read the Wall Street On Parade (WSOP) article, “Congresswoman Katie Porter Tells the Fed that It’s got a ‘Big Problem’.” She asked Randal Quarles, Vice Chairman for Supervision of the Fed: “The Fed is largely responsible for dispensing the $500 billion Congress provided as a bailout for corporate America – the biggest bailout in our country’s […]

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PhD Economics Versus Common Sense

Nobel Prize winner Paul Krugman is at it again. He recently wrote, “US needs a really, really big relief package to keep its economy afloat.” Mr. Krugman’s opinions vary, depending on the political landscape. In late October 2016, anticipating the election of Hillary Clinton, he wrote, “Debt, Diversion, Distraction”. “Are debt scolds demanding that we slash spending and raise taxes […]

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The Fox Guarding The Hen House Is Stealing Your Nest Egg

I recently interviewed Chuck Butler about JP Morgan’s recent admission to five felony counts and $1 billion fine. I asked, “When Is It Going To End?” Right after finishing the interview, ZeroHedge reported: “Goldman Sachs is reportedly on the cusp of settling one of the biggest criminal cases involving a Wall Street bank since the financial crisis: According to a […]

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Should We Worry About Government Deficit?

If our elected leaders are not concerned about the government deficit, should the citizens be worried? Governments worldwide spend more than their total revenue and borrow to make up the difference. The U.S. Debt Clock shows the US federal debt to be $21.6 trillion, averaging $177,283 per taxpayer. The government now pays interest on $21.6 trillion. Below is a graph […]

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Rubbers, Runways, Robbers & Rewards

Consumers love rewards programs, whether it’s cash back, free miles or a free dessert at their local eatery. They’re generally a tit-for-tat, you do business with them and they reward you for doing so. Our article, “Does Government Debt Really Matter?” generated interesting responses. Subscriber Bob O. lamented how our government is borrowing billions and wasting it. He sent a […]

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