Last week I took California to the cleaners, and spared nothing. I got not a single objection from anyone, but rather a few e-mails from Californians who agreed. Perusing my library, I came across a book, which I had bought and read way back in 1998. This, of course, was before the stock market melt-down, […]

I know, I am picking on one state, and I should leave it alone. Except is seems the most logical candidate for a melt-down. I could pick Boston, New York, Washington D.C., or Atlanta, but California has all of the ingredients…to me…which could precipitate an economic disaster. I am not trying to pick on it, […]

A fellow called me this morning and asked me, “How long can this go on?” My answer? I don’t know, but it has gone on as long as it has, as opposed to the German and France collapses, because of huge amounts of credit. I mean credit, the likes of which couldn’t even be comprehended […]

Just about, any way, when a currency is inflated. Let’s go back a few years. To April 1790, as a matter of fact, in France. It was then that the first issue of 400 million paper livres or assignats was issued. This paid the government’s bills, and it was proclaimed that all was well. By […]