First things first, OK? Politics aside, it is economics, which governs everything, and especially governments. The Constitution, that most wonderful of all documents, says nothing about a “Federal Reserve” central bank. Rather, in Article I, Section 8, it says, “The Congress shall have Power to coin Money, regulate the Value thereof…” In no place is […]

My 6th grade teacher once gave me the best definition of a preposition I have ever heard. He was a WW II pilot, so maybe that’s where he got it, but here it is: “Anything an airplane can do to a cloud.” At any rate, the preposition “over” can be used in any number of […]

When I was growing up in DC, there was no such thing as a nursing home that I was aware of, anyway. My Grandparents and Dad died without their existence being known to them. My Mom died in one, in 1981, and it was a place I didn’t like to visit. Nursing homes came into […]

There’s one section of legal tender, which constitutes one of the great frauds of all times, and that is: SOCIAL SECURITY When FDR got Social Security started in 1933, there was supposed to be created a “trust,” into which the 1% deduction for the rich was supposed to be placed, for the benefit of future […]

That “omnibus spending bill” which I mentioned last week, exceeded even my wildest expectations. The final bill, had thousands of pieces of fat in it, was over 3600 pages, and was 14″ thick. Naturally, no one read it before voting on it, and the politicos indeed did bring home the bacon. Another nail has been […]

There are three definitions of “tender,” and we will take the second, which is, “To offer in payment of an obligation.” So one can be tender with one’s wife or gal, treat something tenderly, tender a resignation, or tender money for payment. A boiler tender is one who cares for a boiler. “Tender” then, has […]

About a hundred and fifty years ago, a budding young entrepreneur in Philadelphia was looking for a gimmick to sell his product. He racked his nubile young brain, and finally had a brilliant idea. He decided to place the garbage from the manufacture of his product into the product itself, and tell everyone it made […]

GOLD-EAGLE.com is not a political site, but the elections have a very interesting economic effect on all of us. On Tuesday, the Dow was way up…initially. Then the exit polls leaked out, and the Dow dumped into negative territory. Why? Because those with assets realized that if Kerry won, the economy would go into the […]

There was never a greater catastrophe in America than the War Between the States, often called the War of Northern Aggression, but surely mislabeled the Civil War. America needlessly lost 620,000 lives. It decimated the South as well as the North, and ever since, dishonest Abe has been worshipped for his starting it by misinformed […]

How I was watching a program on the History Channel Saturday Morning about the Thompson Sub Machine Gun, or “Tommy Gun,” as it came to be known.  No one wanted it!  It could shoot 800 rounds a minute, but neither the army nor police wanted it.  Guess who thought it was marvelous?  The rum runners […]