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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New Year In April Resolutions

Why do we celebrate the New Year January 1st? It’s the dead of winter,  Christmas was only a few days ago, and now another holiday? If I were king I’d declare April 1st as the start of the new year, at least for us here in the … 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 Trillion-Dollar Platinum Coin

Can we can solve the fiscal crisis with a trillion-dollar platinum coin? . The trillion-dollar coin idea certainly sounds absurd, but in this age of trillion-dollar annual budget deficits (with no end in sight), and a national debt in excess of $16 trillion (and growing at over $3 … 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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