Category Archives: Business & Economy

Why It Matters If the Dollar Is the Reserve Currency [VIDEO]

We refer to the dollar as a “reserve currency” when referring to its use by other countries when settling their international trade accounts. For example, if Canada buys goods from China, China may prefer to be paid in US dollars rather than Canadian dollars. Other Business & Economy Canada Unleashes Retaliatory Tariffs On US: Here Is The Full List Of […]

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U.S. Government Debt Is Now at a Once-Unimaginable Level

Earlier today I was looking through some old records, and I came across a flyer for a symposium in which I participated at Seattle University early in 1990. The flyer announced the symposium topic by asking: “A $3 Trillion National Debt: Does It Matter? What Can We Do About It?” Share This ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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Unnoticed Event Provides Visual and Metaphorical Symbols Defining Current State of Global Economy

Last week a scene unfolded in Athens, largely unnoticed by American eyes, that provided all the visual and metaphorical symbols needed to define the current state of the global economy. Hollywood’s best screenwriters couldn’t have laid it out any better. Share This ArticleFacebookGoogle+TwitterPinterestLinkedinemail

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Fed Yearns for Higher Inflation to Disguise Asset Bubbles

Recent statements by Federal Reserve officials would lead just about anyone to believe that one of the bank’s central missions has always been to guard against the lurking threat of deflation. They warn that since official inflation has remained below the Fed’s 2 percent target for almost two years, the country is liable to fall into a stagnant morass unless the Fed acts boldly to hit its […]

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Correcting Scrooge’s Economics

As Charles Dickens himself admits, Ebenezer Scrooge is a thoroughly peaceful man, guilty of no true crime, who has robbed no one. Therefore, we must conclude that his wealth is a sign of his ability to please at least some people, and as Michael Levin notes: “Dickens doesn’t mention Scrooge’s satisfied customers, but there must have been plenty of them […]

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5 Complete Lies About America’s New $18 Trillion Debt Level

On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt. At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt. It would take less than five years to accumulate its second trillion. And as the US government just hit $18 […]

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