This is a great explanation of why gold is money and it comes from all places – NPR. Hey, sometimes they get things right. Nice job here.
The answer to the question is – no. However Japan is going to go the long route before it gets to this answer.
The military industrial complex is massive. It hangs like a moon in the skies over Washington DC. Its political gravitational pull is unrivaled. Its presence always felt.
Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.
People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.
And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.
Not only is it good, it is often spectacularly good.
It’s not just me saying this. This is an assertion which can be measured and seen. Anyone who does not understand that capitalism has made the world a better place, has filled stomachs, cured diseases, has helped people broaden their horizons, and has just generally made things in this life more tolerable either doesn’t understand what capitalism is or has simply never looked into the matter objectively.
It really does blow my mind that so many supposedly educated people do not understand what a force for good capitalism has been.
Money’s always the lure.
Here, have some federal funds. But ah ah ah, you have to do what we tell you to do now.
This might look like a mess to you and me. But for the right algorithm the data is clear as day.
It’s not just the elderly and it’s not just the Chinese.
One person’s tax “loophole” is another person’s “pocket of freedom.” There is absolutely nothing wrong with minimizing one’s tax outlay legally. Better the person who earned the money keep it, invest it, and create opportunities than have it feed the Washington government behemoth. Frankly one has an obligation to minimize one’s tax bill as I see it.
Saying that, it’s interesting that Trump and Clinton share a corporate address. (With many many others.) Kind of cute almost.
We think Harriet Tubman isn’t such a bad choice. However, removing Andrew Jackson from the currency is a shame. He killed the first central bank of the United States, The Bank of the United States, and that is something for which every American should be grateful. He is in addition the only president who with the help of allies paid off the national debt.
“Liberal” or “conservative” or something else we can all probably agree that getting a better handle on Pentagon spending is a good thing. Lots of money pours into that building. Lots of taxpayer money.
Too bad. Iceland has done many smart things since the 2008 Crash. It told the London banks to take a hike, saw its interest rakes spike, and then saw them come back down as Europe and the world really came to grips with the economic crisis.
(The was a post on Facebook from Lawrence Reed at FEE)
April 5 is yet another “day that will live in infamy.” On this date in 1933, Franklin Roosevelt signed Executive Order 6102, which criminalized the possession of monetary gold. Americans were ordered to hand over their gold coin and bullion to the government in less than a month (by May 1) under penalty of $10,000 fine and/or up to 10 years in prison, so that the government could more easily inflate the money supply.
Hey, what can I say? People love giving us, I mean the foundation, money.
The Clinton Foundation is an interesting organization. Pretty genius in its way.
We are slipping into an economic Twilight Zone. Across the globe, in different countries, the poles are shifting along with banking math. Negative rates of interest are creeping over the planet.
Negative rates will encourage debtors while robbing what is left from savers at an accelerated rate. It is foolishness. It is unwise. Negative rates will extend the malaise (malaise is a nice way of putting it) that the world seems unable to shake even 8 years on from 2008.
And they failed…But not before killing millions of people first. Either directly or through the implementation of terrible economic programs.
It’s important to understand that crony capitalism, the partnering of special interests with government to amass wealth for the partnering entities is a form of socialism. Crony capitalism does not work if there isn’t a government to hand out cash and influence. Government is cronyism’s catalyst.
The bigger the state, the regulations, the favoritism, the programs, the tax burden,