Austrian economic theory is the oldest economic theory in the world. Austrian economic theory was in control of America’s economy from its founding until it was slowly dismantled starting in 1913. In the 137 years in between, America did what… Read More ›
I’ve been quiet the past few weeks as occasionally, I do have to work for my share of what’s left of the loaf that they allow me to keep. I should be back to irritating Liberals in a couple weeks…. Read More ›
Hat tip to Conan, my contributing blogger, who invited me out this past weekend for a Lamborghini dream car sprint in Los Angeles (Conan got the Ferrari), followed by a stop at the Lobster Festival in Long Beach for a… Read More ›
In a previous post I discussed Diocles, who contributed to the downfall of Rome, not in a day or a week or a year…not even in a single lifetime. The downfall of a nation is an all-consuming fire that burns… Read More ›
We have all heard about Hurricane Sandy and the damage it caused to several Northeastern States. What we have not heard about, thanks to CBS, NBC, CNN, MSNBC, ABC and most of the major newspaper outlets, is how much money… Read More ›
The State of the Nation…is in decline and accelerating. THE DEBT We are currently at $16.1T in national debt, up $5.5T from $10.6T on January 20, 2009, the day Obama was inaugurated. As a point of reference, and by no means… Read More ›
Greece Using Equivalent of Credit Cards to Pay Interest Payments on its other Credit Cards – End is Near
European banks are now loaning money to Greek banks, who in turn use that money to pay the interest they owe back to the European banks that loaned them the money in the first place. That’s it. Shortest post ever… Read More ›
Following Diocles Economics, the Roman Empire printed money to pay debts, suffered severe inflation, collapsed. Obama and The Fed Following the Diocles Playbook.
The Byzantine Empire had a gold standard for a 1,000 years and they did very well and didn’t fight wars. We are only 235 years old and we’ve already destroyed our currency and our economy. Why? Because our Government and… Read More ›
What is inflation? Inflation explained in a nutshell. Meet Mish the Fisherman, Chuck the Chair Maker and Hugh the Hut Builder…With Special Guest Star, Ben Bernanke…
Most people hear that inflation is causing gas prices to rise, the stock market to go up, food prices to climb…but too many people do not know what inflation is or where it comes from. This post is intended to… Read More ›
U.S. Unemployment Goes Up, Costs $8 to Insure $10 of Greek Debt from Default, Businesses Flee CA in Droves, Inflation Finally Makes it to MSM, Banks Fail Real Stress Test, and is Property Tax Going Away?
Government Hides Real Unemployment Numbers – Gallup Tells The Truth – Nobody Cares It’s clear to everyone that the government numbers on unemployment are heavily manipulated, and we all know they don’t include anyone who has stopped looking for work… Read More ›
Just a quick post on something I heard Peter Schiff talk about, which has been discussed many times on his internet radio show over the past year. He pointed out that the DJIA and other markets around the world have… Read More ›