Category Archives: Money and Banking

Photo 101, Day 12: Architecture

Today’s assignment was architecture and with so many great subjects to choose from it was difficult to decide. So I didn’t. Today you get three shots. I will begin with the D.A. White & Son grain rolling and seed cleaning building down on … Continue reading

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What is a Trillion? Putting it into Perspective.

Trillion is such a gigantic number that it’s difficult for the mind to comprehend.  As we grapple with trillion-dollar annual budget deficits, and a 17 trillion-dollar Federal debt, the numbers become so large that the meaning is lost. So how do we conceptualize an astronomical number like … Continue reading

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Government Funding Problem Solved?

The talking heads say the latest funding crisis has been resolved and the federal government is back open for business! But to call raising the debt ceiling a solution to the problem of excessive government spending is a lot like saying the cure for drunkenness is drinking more alcohol. You can’t … Continue reading

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The debt ceiling, what a difference a few years make.

While it seems like only yesterday our leaders in Washington were negotiating the last increase, I see the federal debt ceiling is back in the news. The official federal debt is now $16.7 trillion and according to the powers that be an increase in the debt … Continue reading

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What Bank Runs Are Made Of

I’ve said for some time that one of the reasons the US dollar and United States Treasuries remain well bid are the problems over in Europe. The economic and social problems in Greece, Spain, Italy, and France are becoming increasingly obvious, and while … Continue reading

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Medicare / Medicaid and the rule of 72

If present trends continue US Government expenditures for Medicare and Medicaid are on track to consume 100% of government revenues in the not too distant future. 2011 Facts: Government revenues totalled $2.3 trillion. Government expenditures for Medicare and Medicaid totalled $835 … Continue reading

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The Fiscal Cliff

It’s amusing to see the media report our wise and prudent leaders in Washington have once again saved us from the dreaded “fiscal cliff”, and in honor of this great occasion a few words and charts are in order. I say we went over the cliff long ago, … Continue reading

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Who Does The Federal Reserve Serve?

Here’s a 12 minute video lecture concerning the Federal Reserve by G. Edward Griffin, an outspoken critic of the Federal Reserve and author of the book The Creature from Jekyll Island. I highly recommend Griffin’s book to anyone who’d like a better understanding of American history … Continue reading

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Fed Announces More Stimulus

This just in: *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME’ *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN’T IMPROVE *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END *FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST’ *FED … Continue reading

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Low Interest Rates in the United States

If you’ve paid any attention to the news lately you know United States Treasury and mortgage rates are currently at historic lows. The main stream financial media would have us believe these low rates are the work of Federal Reserve policy, and … Continue reading

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