Mark Dice is at it again and continues to prove that a lot of millennials aren’t that savvy when it comes to politics, economics or just basic knowledge. The latest video from Dice shows millennials thinking that the evil Karl Marx is running as a third party presidential candidate this year against Hillary Clinton and […]
Archives for August 2016
It was 45 years ago this week Richard Nixon closed the gold window
On August 15, 1971 at 9 p.m., United States President Richard Nixon addressed the nation outlining a brand new economic policy, which turned out to the be “Nixon Shock.” It was mix of spending cuts, tax cuts, price freezes, wage controls, investments in jobs and the closure of the gold window. The closing of the […]
Donald Trump or Hillary Clinton: Liberty loses no matter who wins
By: Ron Paul For all the hand-wringing about the threat to liberty and constitutional government posed by the major party presidential candidates, there is little discussion of how this threat is due to the political class’s long history of supporting expanded presidential power. There is also little talk of how the imperial presidency is just […]
Interesting: Chart compares average hedge fund return to S&P 500 Index
The American Enterprise Institute (AEI) has a new chart out that compares the average hedge fund return to the S&P 500 Index from 2010 to July 2016. As the chart below highlights, you would have been better off investing your dough in the S&P at the end of 2009 rather than the average hedge fund.
Central banks unload $192 billion worth of U.S. debt, biggest selloff since 1978
Central banks around the world are gradually becoming less bullish on United States debt, according to new data from the Treasury Department. The latest numbers show that foreign central banks sold $192 billion worth of U.S. Treasury bonds in the first six months of 2016. The central banks of China, Japan, Brazil, Colombia and France […]