THIS ARTICLE WAS WRITTEN IN 2001 AND i THINK IT IS WORTH A RE-RUN The picture below was taken on Sunday, June 3rd at Yankee Boy Basin, 40 miles from my home, in glorious Colorado. One can’t Jeep there in winters or even spring, because there is perhaps 50 feet of snow there. But now […]
The current economic situation in America, and for that matter the world, is very scary to me. You think America is bad off? Japan is probably worse. The Jap communist party is getting thousands of converts. The Ruskies were starving, and their situation prompted the Revolution and communism there. Could it happen to Japan? […]
The French Revolution was caused by the fiscal irresponsibility of the monarchy. Nobles and the Clergy paid no taxes, and when a title was given, that person was tax exempt for life. France was suffering from the costs of the Seven Years War, and helping America with its own revolution against the Brits. On […]
Possibly the most amusing phrase that comes out of the Federal Reserve’s head honcho, Mr. Bernanke, is that “We’re going to keep inflation under control.” Not to flog an almost dead horse, but we just have to face the facts. The very dictionary definition of inflation, is: “An increase in the currency supply.” With […]
I can’t help it! I always seem to refer to the Constitution. Bad habit I suppose, as it seems to have been almost totally ignored by the mountebanks and phonies who call themselves our Representatives, Senators, and now, a non-citizen President. Remember, I don’t have the unblemished professional probity and highest professional standing, as […]
Iceland is a mess. Total mess. Bankrupt, and its currency, the krona, has been abandoned by most people in the world. In Iceland, it’s lost two thirds of its former value and purchasing power. Iceland is a nation that throughout its long history of 1100 years has been extremely poor, depending on fishing for […]
Not the Pirates of Penzance, nor Terry and the Pirates, but those black, Muslim pirates, who, in the last 24 hours alone, have hijacked three more vessels in the Gulf of Aden or thereabouts. As Nobama frets, and all the world’s pooh bahs worry, why hasn’t someone figured out how to fix it. It’s […]
I can write about what I want to write about, and this is a classic case. It has nothing to do with economics, and if you don’t agree, I don’t care. The following is an exact quote from the morning paper in my small town. “An O….. man suspected (why does it have to […]
(This is a day early, since I am back a day early from my week’s vacation.) It seems as though history continues to repeat itself. During the first ’great depression,’ Herbert Hoover was President at the outset. He instigated the things FDR would later enlarge upon, none of which worked. Now we are […]
It seems as though all the politicos have correctly said that we got into this mess because of excess borrowing and spending. We were drunk with borrowing and spending. We took out second mortgages on our homes and bought SUV’s and boats. Mortgages which should have never been given were given, and on it […]