September 8, 2021 The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the government in the absence of Congressional action to
Government current expenditures Explosive growth of Fed’s balance sheet, 1980-2021 Year-over-year change in gross public debt (billions), 1980-2020
June 26, 2021 Myra P. Saefong New banking rules, part of a sweeping international accord known as Basel III, will come into effect on Monday and mark a big change for European banks and their dealings with gold — potentially altering the landscape for precious metal demand and prices. Like many reforms put in place
When I visited South Africa in 1979, it was the world’s largest gold producer, mining some 1,000 tons a year. Today South Africa is not even in the top 10 gold producing countries. Between 2010 and 2018, the world’s gold production grew by 2.5%. However, over the last two years, production has fallen by 4.78%.
[Written in 1966, 21 years before Greenspan introduced money printing to the Federal Reserve system. Greenspan served as Chairman of the Fed for nearly 21 years.] This article originally appeared in the newsletter The Objectivist and was reprinted in Ayn Rand’s Capitalism: The Unknown Ideal. An almost hysterical antagonism toward the gold standard is one
David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns. Other nuggets gleaned from this video: ** Joy Rides never end well; ** World equities markets have topped $100 trillion; ** Earnings collapsed 30% in 2020, yet stocks
. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around