Site Archives The Federal Reserve System

Move over NAFTA, say hello to DR-CAFTA


Costa Rica just ratified DR-CAFTA in a referendum on the trade agreement. The Central American trade pact, while not a Treaty under U.S law because of our “pesky” Constitution, it is classified as such under International Law. From Wikipedia:
The agreement is a treaty under international law, but not under the United States Constitution. In the […]

Freedom in the Former Communist Republics?


Former Communist Republics now seem to enjoy lower marginal tax rates than America. Bulgaria appears to be the latest with a proposed 10.00% flat tax on both corporate and personal income. Maybe, Bulgaria will become the next Ireland. It does have a highly educated work force and is in a geopolitically strategic region. Granted, […]

May G-D save the Browns


It has begun. Ed & Elaine Brown of New Hampshire have been taken into custody. May a President Ron Paul pardon them. Although, it would most likely NEVER happen, a President L. Spooner would appoint Ed Brown Chairman of the Federal Reserve and Elaine Brown Commissioner of the Internal Revenue Service. Just some food for […]

Some self-reflection


I talk a lot of smack on here. Be it denial of the supremacy of the Constitution for the united States of America. Be it touting what other countries do better than America. The truth is I want America to succeed. Heck, I want us to be #1 across the board in every single category […]

Some good examples


Liechtenstein - no external debt
Hong Kong, Estonia & Chile all non-petroleum exporting countries with Debt-to-GDP ratios under 4.00%. The United States’s Debt-to-GDP ratio is 64.70%, not bad compared with 176.20% for Japan or 200+% for Lebanon.
Tiny Hong Kong & Singapore have over $130Billion worth of foreign reserves. Nearly twice as we in the […]

Why is the Middle-Class Doomed?


Let us assume you are just a normal regular Joe, working a normal regular job, in order to pay for your normal regular house. You, dear friend, shall be screwed hardest of all.
Why? Simple: historically, it has been unlikely for middle-class income to rise proportionately with inflation. For example, as the cost of everything […]

Debtor Nation


It is often said that “America is broke”; that we have no money left to do the things that we would like to do. This is simply not true. Truth be told, America is currently $8.9 TRILLION in debt. Being broke would be a great improvement to our current state of affairs.
If you will […]

A great upcoming anniversary


http://www.lewrockwell.com/orig8/kramer4.html

More currency predictions/ramblings


More currency predictions that I hope will NEVER come true. Our President, Zaphod is correct that I pointed out we would witness Dollar for Dollar parity with Canada. It wasn’t a lucky guess and I should have taken action to retain more of my loonies.
Next on the chopping block will be the Australian Dollar, […]

Greenspan on the Daily Show


Recently, Alan Greenspan appeared on the Daily Show. Sadly, Viacom has demanded this clip be removed from YouTube. Luckily, Norm over at onegoodmove has archived this clip for us:
Click here to watch.
Thanks Norm.