On April 5th, 1933, President Roosevelt signed executive order # 6102, which ordered, “Everyone holding gold coin, gold bullion or gold certificates, must turn them into the nearest Federal Reserve bank, branch, agency, or to any member bank of the Federal Reserve System.” That order, if violated, meant a year in the lockup or $1,000 […]
I’m certain that what’s now on-going, is a new chapter in history, but it’s gradually happening, and I am certain, the eventual bankruptcy of both Russia and China will happen. The possibility that two men can individually destroy two huge nations, puts Hitler in the kindergarten class. Hitler had the unswerving loyalty of the Germans, […]
I’m certain that all of you played Monopoly when you were kids, and maybe even now. I love the game! As a kid, I learned a lot about business, economics, and even life, by playing. I consider myself an expert, but was beaten a year ago by a guy a third my age. While Monopoly […]
Biden blaming Putin for his inflation, is like blaming a car for a drunk driver. Inflation is simply caused, as any dictionary will tell you, by an increase in the money supply. An increase in the money supply can be created by the Treasury borrowing from the Fed to pay its bills, which created it […]
In 1961, a film was released about the 1949 trial of the Germans in WW II, titled “Judgment at Nuremberg.” It is a long, black and white film, and received many Academy Awards. I have watched it a few times, and even have a DVD of it. I now can compare it in many ways […]
Almost to the day, Putin invaded Ukraine on the hundredth anniversary of that date in 1922, when Russia invaded a dozen nearby nations, and forced them into submission, which formed the “Union of Soviet Socialist Republics,” (USSR), commonly known as the “Soviets,” which carried on communism after the 1917 revolution. The Soviets, (communists) ruled Russia […]
Putin has threatened for many weeks now, to invade Ukraine. Think about it. Was Vietnam any of America’s business? Was Korea any of our business? Every time I see a Vietnam vet, I always ask him, “Did you ever find out why we were there?” The answer is always, “NO.” North Korea still exists, and […]
If you’ve ever bought stocks, real estate, used cars, and for that matter, silver and gold, you have participated in the “bid-ask spread.” What is it? The ‘spread’ protects the seller. The ‘bid’ is what you sell it for if you wish to do so, and the ‘ask’ is the price at which you […]
We’ve all got several, don’t we? It’s impossible to get license plates for your car, without insurance. And far too many poor males, who have the most accidents, many times, buy the legal minimum of a $10,000 liability policy, placing the motoring public at high risk. That’s why you need an ‘uninsured motorist’ policy. I’ve […]
According to my Webster’s Dictionary, ‘legal tender’ is: “Money that must be legally offered in payment of an obligation, and that a creditor must accept.” Note that legal tender’s definition has no indication of value; just ‘money’ which has been made legal with which to pay bills or satisfy debts. ‘Legal tender laws’ are in […]