I was going to write about the absurd State of the Union Speech, or Obamacare, but the current correction seems to be more important. Not to me, but to newbys. The current correction in gold and silver, is the most severe in the last year. 7%. Believe me, a 7% correction in anything, is […]
Back in 1843, a Brit named Daniel M’Naghton tried to assassinate the Prime Minister, and failed. He only killed his assistant. When he came to trial, he pled that he was insane, or words to that effect, and he escaped being hung. As the chief medical officer of a Baltimore circuit court said, “When […]
There are over 539,000 government agencies in the United States! At all levels, of course. City, County, State, and federal governments, and all operating at peak inefficiency. Is this slander? Am I slamming honest, hard working bureaucrats? I don’t mean to, because in all governments, there are hard working employees trying to carry out […]
Why do markets correct? It really isn’t too difficult. We must always remember the laws of supply and demand. When there is a plentiful supply, prices go down, and when there is a short supply, prices go up. This also can be translated into profit and loss. When there is a profit, people often […]
Do corporations pay taxes? Of course not! Who pays them? You and I pay them, just like we pay income taxes, sales taxes, and all of the 200 plus taxes we pay either directly or indirectly. Think about it. If Ford Motor Corporation pays a 35% corporate tax, that tax is added to your […]
Ethanol (alcohol), mixed with gasoline, is utterly stupid, uneconomical, and costly. It is one of those habits created by the greenies, and absorbed by the rest of the typically ignorant legislatures. It is now, universally thought to be the salvation of our air. All totally wrong. Ethanol is derived from plants, through a fairly […]
A recent article in the Christian Science Monitor, pointed out that various European governments are seizing individual savings and retirement accounts, and placing the confiscated money into government accounts, to help pay the debts which politicians created. Is there nothing safe? If you are in things dealing with currencies, and stored in government regulated […]
I call Walmarts “China Marts” because everything they sell, seems to be made in China. It wasn’t always that way. When Walmart founder, Sam Walton lived, (1918-1992), he bought American. I have a first edition of a book titled simply “Sam Walton.” (Dutton 1990). I am going to quote from parts of a few […]
We are asked or told, constantly it seems: ’Why should I buy gold or silver? I can’t spend it at the grocery store or gas station?’ Of course you can’t, and neither can you spend stocks, bonds, or CDs at the super market or gas station, hardware store, or Walmart. You need dollars. We […]
I was listening to an NPR report from some official in Maryland, who was listing the various military and government installations located in her state. Dozens of them! She was afraid that the money for them, which she thought benefitted her state, may be cut with the 85 new members of the House, soon […]