Category: Economics

Is Switzerland the next Iceland?

From the  Indepenent Business section In an extraordinary move for a nation proud of its financial prudence and stability, Switzerland was forced to take emergency measures yesterday to shore up its two biggest lenders to prevent a collapse in confidence…

Smaller Banks Resist Government Take Over

From the Washington Post: Peter Fitzgerald, chairman of Chain Bridge Bank in McLean, said he was “much chagrined that we will be punished for behaving prudently by now having to face reckless competitors who all of a sudden are subsidized…

Let Us All Bow Down to the Great God of Government

As I predicted on the 10th, the government is now in the banking business.  I expect an announcement that we will no longer be a free market nation, but in fact will move further down the socialist road, similar to what…

The Gods of the Copybook Headings

Thanks to Kevin at Generations for reminding us of this great peom by Kipling:  AS I PASS through my incarnations in every age and race, I make my proper prostrations to the Gods of the Market Place. Peering through reverent fingers…

Christianity Verses Marxism

I’m curious as we look at the recent events in America, how many realize the foundational belief system these things are tied to?  When we discuss Palin and the feminist / egalitarian nature of the modern evangelical, do we realize…

The End of American Capitalism

Bush will be addressing the nation live in about 20 minutes; 9:25 CST.  You can watch it here on Fox News.  Here is a more direct link: http://www.foxnews.com/video2/live.html?chanId=4&openAIR=true or launch it from the Live Desk I expect an announcement that…

The Bears are Loose

The Dow ended the day at its lows, finishing down 678.91, or 7.3 percent, at 8,579.19. The blue chips hadn’t closed below 9,000 since June 30, 2003, and haven’t closed at this level since May 21, 2003. The Dow’s 2,271-point…

What did AIG do with your tax money?

AIG (American General Life Insurance Companies) took $85,000,000,000 in tax money as compensation for their lucrative get rich quick business practices that contributed to the international market failure currently ravaging families around the globe.  I say lucrative as all those involved in the…

Iceland’s Economy Fails

What happens at the end of an economic collapse?  People in Iceland today awoke to a currency that has hyper-inflated to the point that it is unable to trade on the spot market.  The currency, the krona, has ceased be…

Another Digit Added to National Debt Clock

As reported on Fox News… NEW YORK – In these uncertain financial times, one thing remains certain – the ever-expanding national debt. But it’s growing at such an accelerated rate, the clock that has kept track of the deficit since…

Just in time…

Just in time…before the election… Can you see what he is holding?  Tip-  For teaching your children the 50 states and capitals 1.) a motivating reward 2.) a .25 cent place-mat of the U.S.

Corporate Welfare Stems from Crony Capitalism and Too Much Money

Over the weekend, David Nicklaus wrote a revealing article on the economy in the St. Louis Times. I wrote in this series about the symbiotic relationship between big government and big business.  While David does not mark greed as the cause of this…

Bailout, Pork, and Treason

$700,000,000,000.00 is child’s play for those serious about destroying our nation. We use to call folks who betrayed our nation traitors and saw them hangin on the end of a rope.   Now we joke about their betrayal and we…

All good empires must die!

“American Empire – so long, we hardly knew you. But good riddance! We liked the old Republic much better.” That is a quote from Bill Bonner over at the DailyReckoning.  Bill also posted a link to the latest version of…

Raising Ready Writers

The use of the pen can be a powerful weapon.   We place a high priority on learning the art and skill of the pen.  Writing is an absolute must do in this family.  While we do have structured how to lessons on…