America could pay off the national debt if our government directly issued our currency and controlled the quantity of our money rather than paying interest to the Federal Reserve on every dollar printed. If we can issue a U S Bond, we can issue a United States Note. Our national debt is over $14 trillion dollars. Interest on debt is…Read More »
An intriguing article I read recently came from the Boston Federal Reserve Bank. Released back in December, it is titled “Reforming Municipal Aid in Massachusetts: The Case for a Gap-Based Formula”. You can read the full article here – http://www.bostonfed.org/econo… Basically, the article discusses the municipal aid “gaps” (or “deficits”) which many cities and towns throughout the state deal with.…Read More »
According to the Wall Street Journal Federal Reserve Chairman Ben Bernanke is in trouble for his renomination. The current tally has 40 Senators voting in favor and 17 voting against. Several Senators have announced their intention to filibuster which could raise the votes needed to 60. There appears to be an anti-establishment “Right-Left” coalition building against Bernanke from both parties.…Read More »
A truly frightening look at how the supply of Dollars has exploded over the last few months. From the St. Louis branch of the Federal Reserve. To give a comparison, that little blip around 1990 is the First Gulf War. According to measuringworth.com $1.00 in 1775 had the purchasing power of $1.11 in 1912. So in 137 years, a dollar…Read More »
At last .. an explanation of the current economic “crisis” aimed at the average American…Read More »
Its like Christmas in September in Washington DC these days, at least it is if you own a large multinational corporation.
Hundred billion here and a zillion billion there.
The automakers obviously dont rate very highly as they only found 25 billion in their stocking this morning BUT ..
There is the promise of more to come …
Unbelievable… Barack Obama, having spurned John McCain’s offer of a temporary stand-down of campaign activities in order for them both to do the right thing, to concentrate their efforts on resolving the most pressing matter to come before congress since Obama was elected, tonight accepted an offer by President Bush to attend a meeting at the White House tommorrow. I’m…Read More »