Is the fiat monetary experiment finished? Whether central bankers, financial institutions and politicians like to admit it or not, eventually fiat money will meet its demise because it’s an unsustainable system that is based on debt on debt. It’s unclear as to what will succeed this volatile system we have in place today, but one […]
Archives for July 2014
Has the NSA hurt the U.S. economy?
The National Security Agency (NSA) has been questioned over its terrible overreach of violating civil liberties and invading the privacy of citizens, tourists and even public officials, both foreign and domestic. The question that is being asked now is: has the NSA hurt the United States economy? Possibly so. Senate Finance Committee Chairman Ron Wyden […]
CBO says U.S. debt to exceed GDP in two decades
The United States national debt is enormous. Not only do taxpayers face a national debt that is more than $17 trillion, they also face more than $100 trillion in unfunded liabilities and expenditures. If all of this is factored into the equation then taxpayers are on the hook for approximately $200 trillion over the next […]
Janet Yellen: Keynesian economics at Federal Reserve here to stay
The Federal Reserve has been run by a bunch of inflationist Keynesians for years. At a time, there was a slim hope that the central bank would change once Alan Greenspan, a student of Ayn Rand, an objectivist philosopher and proponent of the gold standard, became chairman, but he abandoned his principles and immediately turned […]
Gary Johnson: ‘Abolish the IRS’ in light of scandals
In light of the scandals that have plagued the Internal Revenue Service (IRS) over the past year – not including the other scandals since its inception – former New Mexico Republican Governor and 2012 Libertarian presidential candidate Gary Johnson believes the United States should just simply abolish the IRS. Speaking in an interview with Watchdog.org […]