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Category: News
Pelosi attempt to spin narrative that government spending is not causing inflation, but rather reducing national debt
In an attempt to cleanse themselves of the effects of massive debt accumulation – which would be higher prices – democrats including House Speaker Nancy Pelosi and President Biden himself have been parroting a new narrative that government spending does not cause higher prices; i.e. inflation. Going off of traditional economic definitions, inflation is the…
Gold Price Looks to Break Out as it Flirts with $1900
Since dropping below $1800/oz during the last few days in January, gold has risen sharply over the first three weeks of February 2022 and ended right at $1900/oz on Friday February 18, 2022. Gold might finally be looking to break out even further as the world gets set to face the consequences of government currency…
Pension Fund Bailout is the Ultimate Societal Moral Hazard
Explains how the pension fund bailout included in the Covid Relief Bill will cause moral hazard
If Anyone Gets Them, Everyone Should Get the New Unemployment Benefits
Going into the weekend, congress is negotiating the terms of a new unemployment stimulus to replace the $600 a week payments to the unemployed that ends this week. While the democrats are keen at extending the current amount, republicans are wanting to lower the weekly amount citing that the high $600 weekly amount is discouraging…
The Politicians Can’t Save You, But They Will Take From You
As the World economy comes to a standstill, the low interest rates and money printing strategies taken since the 2008 financial crisis are exacerbating the situation in the United States. Local state and city governments have implemented curfews and gathering limits to support social distancing, actions that are quickly causing economic pains to small businesses…