Tag Archives: Featured

It’s been over five decades since the war on drugs began in the United States, and billions of dollars coerced from taxpayers have been spent on this frivolous operation. The General Accounting Office’s report found that the Drug Abuse Resistance Education (DARE) program did not deter youth from drug abuse. How exactly has this war benefited taxpayers when drug use has increased, and more potent drugs are being consumed? Even the diabolical Charles Manson distributed...

Overview:  Federal Reserve Chair Powell's offered a stronger case for a pause in the monetary tightening before the weekend and this sapped the dollar's mojo. The greenback is mostly consolidating through the European morning in quiet turnover. The JP Morgan Emerging Market Currency Index is trying to snap a four-day decline. The South African rand is recovering from its recent slide and is up nearly 1%. The South Korea won is benefitting from China's decision to...

The Canton of Zug is increasing the transaction limit for tax payments with the cryptocurrencies Bitcoin and Ether from CHF 100,000 to CHF 1.5 million with immediate effect. This measure will facilitate access to digital means of payment and meet the increasing needs of Zug’s population and companies. Heinz Tännler “We are proud that the Canton of Zug has been a pioneer in the use of cryptocurrencies for years. With the increase in the transaction limit, we are...

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end? Original Article: "Is Social Justice Just? A Review" [embedded content] Tags: Featured,newsletter

Taxpayer-funded company Dominion is suing private parties for saying things the company doesn't like. These lawsuits illustrate how defamation laws can be used to destroy free speech. Original Article: "The Dominion Lawsuit against Fox News Is Part of the War against Free Speech" [embedded content] Tags:...

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge. Original Article: "Will a New BRICS Currency Change Anything? Maybe" [embedded content] Tags: Featured,newsletter

Mostly stronger than expected economic data, hawkish rhetoric by several Fed officials, some signs of progress on the perverse drama over the debt ceiling, and a solid week for bank shares helped the dollar extend its recent recovery. The greenback rose to new highs for the year against the Japanese yen and Chinese yuan. The euro took out April's low (~$1.0790) and sterling traded briefly below $1.24. The US two-year note yield takes a six-session rally into the...

In this week's episode, Mark explains why the market for existing homes has been diverging from the market for new houses. The Fed ZIRP, QE and Covid bailouts have locked Americans into their mortgages and low payments, reducing the supply of existing homes. This keeps them off the market and home prices high in an economy that is headed for a recession or crisis. Buyers have been diverted to newly constructed homes where builders have more flexibility to sell and...

Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, exchange their goods for the goods of others. At each step of the way, every participant in exchange benefits immeasurably,...

The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, JP Morgan’s Jamie Dimon said, “This part of the crisis is over.” After he said that, however, the shares of regional banks such as PacWest, Zions, and Western Alliance were cut in half. The market doesn’t believe Mr. Dimon. Elisabeth Kübler-Ross described five stages of grief: denial, anger, bargaining, depression, and acceptance. ‎On...