NOTE: This was written during the final year of the Obama administration, but if you believe that anything has changed, you would be sadly mistaken. Ed.
This isn’t exactly the kind of story the IRS wants buzzing around at tax time. The IRS and Justice Department normally want ‘scared straight’ stories just before Tax Day. Ideally, when an indictment or conviction for tax evasion hits the news, it makes you think twice. Somehow, you think just a bit more about all those deductions, or if you really reported all your income, before you sign your return under penalties of perjury. Continue reading
The following has been adapted from a previously posted commentary from one of our other websites. – Ed.
For those regular readers of the Kettle Moraine Publications family of web-sites/Blogs – whatever you wish to call them you’ll note that with one exception, Metropolis Café we have been away for several weeks. Have we been fishing? In a round-about way, I guess so – but not for my usual desirable ‘catch’ – that is only for a past life. I’ll not bore you today with what I have been up to, other than to say it has also affected my daily broadcasts. I have been on extended hiatus there as well. I will return to the airwaves soon, however consider the following… Continue reading
“To write the truth as I see it; to defend the weak against the strong; to fight for justice; and to seek, as best I can to bring healing perspectives to bear on the terrible hates and fears of mankind, in the hope of someday bringing about a world in which men and women will enjoy the differences of the human garden instead of killing each other over them.” ~ I.F. Stone
I cannot believe some of the things that I am hearing on the mainstream media and reading on the internet these days. Well, shame on me if I am shocked, because I forecast that this was coming. A period of hysteria and a general disregard for reality follow on a long period of lies and corruption, like night follows day. First comes the loss of a regard for virtue of almost any sort, and then the embrace of the darkness.
If the economic hardships had been more rigorous I have little doubt that the killing would have come closer to home by now. Continue reading
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes into their hands. He stated that holders of gold and silver coins prefer to tender their most deteriorated coins in payments, and retain the most bright, shiny and perfect of their coins, thus, he was the true originator of what has come to be known as “Gresham’s Law“, long before the Englishman Thomas Gresham made a similar observation during the reign of Queen Elizabeth I (1558-1603). Continue reading
In the mid-1960s, money manager George J.W. Goodman began to write a series of irreverent and witty columns for New York magazine under the borrowed name of capitalism’s founding theorist, Adam Smith. As “Adam Smith,” Goodman went on to write several bestsellers about economics, the stock market, and global capitalism, among them The Money Game, Supermoney, and Paper Money, from which this account of the Weimar Republic’s disastrous hyperinflation is excerpted. ~ Excerpt from Paper Money by “Adam Smith,” (George J.W. Goodman), pp. 57-62.
Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership in optics, chemicals, and machinery. The German Mark, the British shilling, the French franc, and the Italian lira all had about equal value, and all were exchanged four or five to the dollar. That was in 1914… Continue reading
Gold is shiny dirt, money is toilet paper with dirt on it, and crypto is imaginary dirt….
Falling (as opposed to low but stable) interest rates are lethal to the economy, especially if prolonged. They make the rate of marginal productivity decline. As it does, it prompts capital export. Migrating capital takes industrial jobs with it. This paper analyzes job-drain that is threatening America with de-industrialization. The process will continue as long as wild swings in the rate of interest do. The cure is to be found in the stabilization of interest rates. It can be effected by opening the U.S. Mint to the free and unlimited coinage of gold, as mandated by the U.S. Constitution.
De-Industrialization of America
The true story of the de-industrialization of America has never been told. It started with the U.S. Treasury defaulting on its gold obligation to foreigners in 1971, thereby foisting a regime of irredeemable currency upon the world. An unanticipated side-effect was the setting of the rate of interest adrift. Continue reading
Have you noticed that Social Security is now identified as an ‘entitlement’ like welfare, food stamps, housing, medical and education?
That is exactly how the government and their phony newspapers describe this today to the public. This is a typical government and newspaper lie. Continue reading
Americans are dynamic people. World statistics on the number of cars per capita show that America is in first place among the “big” countries and in third place among all countries, behind the dwarfs of San Marino and Monaco.
Where do Americans drive other than to work, shopping, and perhaps to school? Americans move, and move quite often. They relocate to neighboring cities and distant states. Continue reading
If you ever had doubts that the Federal Government experiment has failed, the bipartisan busting of the budget has made it clear that Congress abdicates their sacred duty to defend the nation from internal enemies of the people. Forget the preposterousness argument that the United States must have the most expensive military to expand the evil empire that has been built up since the end of World War II. Real national defense starts at our own water’s edge and needs to relinquish any absurd notion that our own safety is enhanced by having deployments to every corner of the globe. Continue reading