The Federal Reserve is filled with the smartest people in the United States. They are all knowing, all seeing. They’re smarter than you. Well, at least that’s what we’re told by the many admirers of central planning and the central planners, mostly the statists, Keynesians and big-time stock market investors. But what happens when the […]
Archives for December 2015
TBT: Ron Paul on the $1 trillion student loan debt fiasco
The total amount of student loan debt continues to exceed the $1 trillion. In fact, student loan debt is greater than credit card debt, auto loan debt and other consumer debts. It grows at more than $3,000 per second (SEE: With U.S. student loan debt growing $3,055 per second, grads would sell an organ to […]
How much do Americans expect to spend on Christmas? $830
With just one more day until millions of children open their Christmas gifts and millions of parents wondering why they spent so much darn money this year, we thought we would take a peek as to how much Americans are spending on the big day. A Gallup poll released last month found that American consumers […]
Bitcoin’s resurgence? Cryptocurrency projected to reach record high in 2016
Next year could be a big year for the peer-to-peer decentralized virtual currency bitcoin, suggests a new report from Reuters. The newswire agency opines that 2016 could be the year that the price of bitcoin reaches record highs. What’s the reason for the potential climb? Slower growth in the money supply. Although many skeptics view […]
Jim Rogers urges investors to be worried about financial crisis when Fed raises rates for third time
Global investors should be concerned about potential economic turmoil as the United States is embarking on a recession and the greenback continues to be unsound, says Jim Rogers, chairman of Rogers Holdings and bestselling author of “Hot Commodities.” Rogers spoke with Bloomberg TV India on Tuesday and told the media outlet that the U.S. is […]