Tag Archives: default
Countdown to U.S. Government Default
The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s unadulterated hogwash. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years. Continue reading
The Solution to Inflation
President Biden and his cohorts in Congress and at the Federal Reserve have delivered an early Christmas present. They’ve given Americans the gift of raging price inflation. The cost of just about everything has gone through the roof. Continue reading
Boondoggle Democracy for the Elites
President Joe Biden puffed out his chest. He grinned from ear to ear. He’d finally accomplished something as President. The passing of a $1.2 trillion infrastructure boondoggle. Continue reading
Why Big Government Statists Despise Gold
Gold to paper currency conversion once exacted limits upon the public purse. The Treasury, in concert with the Federal Reserve, could not issue unlimited debt based money. But that was before the U.S. severed the dollar’s relationship to gold and commenced the dollar reserve standard. Continue reading
