Our government has grown too big, promised too much and waited too long to restructure. Our fiscal clock is ticking and time is not working in our favor. The Moment of Truth is rapidly approaching. We’ll soon know whether Washington policymakers are up to the challenge and whether they will start focusing more of doing their job rather than just keeping their job and on focusing first on their country rather than their party. [To accomplished what is needed] the President and Congressional leaders from both political parties need to be at the table and everything must be on the table in order to achieve sustainable success. [Here's an outline of our country's predicament and how it might be resolved.] Words: 3110
May 7th, 2011 | Posted in Economic Overview,Economy | Read More »
Increases in spending and liabilities along with decreases in foreign lending equals a recipe for disaster. So, where will the money come from? This is a job for the printing press. While we are certainly facing deflation in the near term and a very choppy market, the groundwork has been laid for hyperinflation, soaring interest rates and exploding gold and silver prices. Words: 945
September 28th, 2010 | Posted in Debts/Deficits | Read More »
It would appear that the U.S. is in an untenable position – between a rock and a hard place – in an inescapable debt trap – where the options are, at best, dire – hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283
September 16th, 2010 | Posted in Debts/Deficits,Economy | Read More »
When people find themselves in a situation where they feel they don’t have a decent grip on the risks they face, or where a great deal of critical information is hidden from view, emotions can easily overwhelm rational decision-making. Is it so farfetched to think that a sudden loss of confidence in the United States’ ability to manage its finances could evoke similar fears about just how large and widespread the fallout might be? Words: 1026
April 14th, 2010 | Posted in Debts/Deficits | Read More »
Hank Paulson, the Goldman Sachs bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the world financial system is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Wall Street’s approach to the poor has always been to drive them deeper into the ground. Words: 777
February 26th, 2010 | Posted in Retirement Planning | Read More »
America’s massive debt and unfunded liabilities make inflation the only viable option for today’s policymakers because when the value of future dollars is diminished, future obligations in those depreciated dollars are diminished.
Words: 2808
February 16th, 2010 | Posted in Inflation/Deflation | Read More »
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