Sunday, October 23rd, 2016 MST

Category: Federal Finances

The Insolvency of the Fed

Back on July 24, 2008, I penned a post titled The Sad History of Paper Money, in which I noted that money not redeemable in either gold or silver is printed until it is worthless. Now has posted an article titled The Insolvency of the Fed that starts Since August 15, 1971 the US dollar

How to sink America

As this is written, gold is trading at about $924 and silver $16.60, posting decades-high prices. Meanwhile, the dollar is suffering on the FOREX markets. Much of the blame for the dollar’s woes, and the reason for the metals’ climbs, is laid at the feet of the subprime lenders, the subprime mess having been spread

GAO head reveals just how bad our fiscal situation is

Most gold and silver investors are drawn to the metals because of concerns about the dollar. But, do most gold and silver investors know just how bad the financial situation really is for the United States government? Probably not, says David Walker, the Comptroller General of the United States and head of the General Accountability

Congress set to control federal spending

As it is when a country is at war, other important matters go unnoticed. This is certainly true when it comes our federal government’s finances. Congress just passed a $2.9 trillion dollar budget plan for the fiscal year starting October 1, 2007. The bill is a blueprint for Congress to follow this year as it

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