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Money & The Economy

News on Finance, Money, markets and the economy

Deficit Neutral is Good?

So Obama won't sign any bill that isn't "deficit-neutral". Max Baucus leads the charge to create a health care bill that fits that description. Unfortunately, that is not the same as fiscally-responsible.

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‘Going Galt’ Without Realizing

In March of this year, there was a firestorm of libertarians and ultra-conservatives taking up the call of John Galt from Ayn Rand’s Atlas Shrugged.  Galt is a bright inventor/engineer that decides to quit furnishing his skills to the economy when his company goes Marxist. Several on the right are considering a Galt-like removal from the economy to starve the ...

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Ford Succeeds Where Government Motors Fails

In a set of reports today, it became apparent that GM and Chrysler were not keeping up with Ford… at all. Both Chrysler and GM borrowed billions from tax payers thanks to the current administration. We were even told that a great return on our investment would be forthcoming. Not so. Instead, the companies that have received taxpayer dollars are ...

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Unemployment Suffers Under Big Government: Reagan Had The Answer

The chief of the Atlanta Federal Reserve said on Wednesday that the unemployment rate is actually 16%, “If one considers the people who would like a job but have stopped looking…”. Discouraged workers are one of the dirty little secrets of the Bureau of Labor Statistics (BLS). It’s a secret the Obama administration is happy to let continue on. It ...

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Is the Dollar Drawing Its Last Breath?

Perhaps a little alarmist, it’s probably a hoax video, but some underlying themes rate contemplation [Story Link].  The SDR as a replacement for the dollar, the huge increase in SDR reserves (1000%) [IMF Link].  I think that link is saying that the SDR will go from 21.4 to 204.1 billion between August 28th and September 9th of this year.  It ...

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Transparency Needed Into the Federal Reserve

I realize that I would have to wait in a fairly long line to call Ron Paul a paranoid, old-thinking, isolationist psycho, and I’d gladly take the wait just to have the opportunity.  But, Paul has been pushing for a congressional audit of the Federal Reserve for more than two decades and he might just get it now. Republicans, Libertarians, ...

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A good, short read on the truths about capitalism

There has been much capitalism-bashing going on in the media.  Clearly the anti-caps have no idea what they are against and even less of an idea of what they are for.  I don’t have a lot to add to this well-thought, well-written paper by Dr. Ronald Nash.  I just know  I’ll be looking for even more of his writings.  I ...

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Rebuilding a House of Cards

In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.

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Adjustible loan disaster looming for California

Members of Congress, the President, and anyone else with an opinion is still blaming the recession on greedy corporations.  This article isn’t about rehashing the debate, but… what about the greedy government elitists?  What about us? The government needs us to borrow more to feed the partial-reserve economy system we have.  To get us to borrow more, they need us ...

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FDIC May Resort to Treasury Borrowing to Avoid Collapse

On September 18th,  the FDIC announced two more bank closures that would require funds from the insurance corporation in-order-to protect depositor’s money.  This month alone there have been ten bank failures and the month isn’t over yet.  There were fifteen closures in August and  at the current pace, it’s entirely possible that September will have between 14 and 20 closures. ...

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America Goes Protectionist, Echos 1930’s Era Actions

Still thickly in the middle of the biggest economic catastrophe since the great depression, American policy makers are making anti-free trade decisions that are eerily similar to the protectionist moves made during the depression. The A.R.R.A. (stimulus bill), has provisions in it that only allow the money to be spent on “manufactured goods” that are made in America.  While a ...

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How to Take Care of Your Own Health Care

Politicians, union leaders, insurance companies and everyone else under the sun is telling us which bill, tactic, initiative, plan or speech on health care we should support. We are told stories and shown reports of people losing their benefits due to increasing costs. If you are financially responsible, you can turn the tide without joining a union or requiring the government to support you.

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Inflation and How it Might Affect You

Due to current government spending policies, the fastest growing deficit in history and an administration that is printing money out-of-nowhere in an attempt to keep artificial asset prices (housing bubble) inflated, there is a real possibility that we may enter a period of severe price inflation. Some respected economists, such as Mark Faber, PhD, are even concerned that hyperinflation similar to Zimbabwe's fiscal catastrophe are not only possible, but assured.

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