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<h1 class="entry-title">Tag: related</h1>
14 Mar
debt black hole

It’s When…Not If

Why a Crisis in Inevitible Everyone knows – perhaps I should say “every thinking person” since there are some in Washington who don’t actually know and therefore should not be accused of thinking – that the US debt can’t keep growing forever. When the day arrives that it is evident to all that the US […]

06 Mar
dominoes falling

Counterparty Risk

One thing about gold, a defining characteristic that cannot be emphasized enough, is that it does not rely on some one else’s performance or promise. Gold can be physically held in your hands, under your own control. There can be zero separation between yourself and your wealth– no banks to rely on, no brazen boardroom […]

05 Mar
Bryce Harper Tax Benefits

Bryce Harper Escapes Taxifornia

An American Tale Today, with a socialist juggernaut loose on the land, here’s a story that I am afraid will soon become as all-American as baseball itself.   Even casual sport fans by now know that 26-year-old right fielder Bryce Harper just signed a record busting 13-year, $330 million contract with the Philadelphia Phillies. We’ve liked […]

01 Mar
the debt ceiling

Return of the Debt Ceiling

We’re back in the debt ceiling zone again. In February 2018, Congress suspended the US national debt ceiling, the statutory limit on how much money the government is authorized to borrow, until March 1, 2019. It was the tenth time in the last decade the debt ceiling was suspended. At that time the debt ceiling […]

22 Feb
rising interest rates

The Fed and Rates

Fed Chairman Powell Reconsiders Interest Rates “In trying to explain the complexities of interest rates, inflation, money and banking, exchange rates and business cycles to my students, I leave them with this comforting thought: Don’t blame me for all this, blame the government. Without the interference of government, the entire topic would be duck soup.” […]

30 Jan
this times a thousand is a trillion

Fed to Borrow $1 Trillion to Finance Deficit

A Trillion Here, a Trillion There… A Bloomberg story begins with this headline:  U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit. A trillion here, a trillion there, and pretty soon you’re talking about real money. That phrase, adapted from a quote attributed to the late Illinois Senator Everett Dirksen sometime in the 1960s, […]