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“If we right away say 98 percent of Americans are not going to see their taxes go up – 97 percent of small businesses are not going to see their taxes go up,” said President Obama on Wednesday. “If we … Continue reading
Posted in Government Debt, MN Gordon
Tagged bubble, collapse, congress, currency, debt, default, dollar
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Get Me Out
Following Tuesday’s election we offer one word of advice: Panic! Not just because Obama was reelected – that’s just one reason. But because, as John Embry, chief investment strategist at Sprott Asset Management notes, 2013 could be “one of the … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, currency, default, federal reserve, velocity of money
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Economic Dependency and Looming Disaster
By the end of the day we should all know the winner of the 2012 Presidential Election. Of course, there’s always the possibility that it’s too close to call. Perhaps a recount of dangling, hanging, dimpled, and pregnant chads will … Continue reading
Posted in MN Gordon, Stock Market
Tagged ben bernanke, bubble, collapse, crash, currency, federal reserve, QE3
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“The Bank Was Saved, and the People Were Ruined”
“The Bank Was Saved, and the People Were Ruined” By Jeff Thomas, International Man The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States … Continue reading
Posted in Government Debt, Jeff Thomas
Tagged ben bernanke, business cycle, collapse, currency, debt, default, federal reserve, saving
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