Must reading for members of Congress, too.
“According to some commentators the US federal budget deficit still remains a major economic problem notwithstanding that it draws less attention than in the past.”
Source: How Government Budget Deficits Make Us Poorer
“Here are nine ‘black swan’ events in recent memory that profoundly changed markets, ranging from the Asian financial crisis of 1997 to the more current Brexit.”
Source: Black Swans: 9 Recent Events That Changed Finance Forever
Robert Wenzel takes down Sen. McConnell’s surrender to the Democrats. George Wallace was right, there’s not a dime’s difference between the Democrats and Republicans.
“After years of selling their stocks of gold, central banks around the world are now buying bullion, according to a new study on the “Seven Ages of Gold.”
Source: Central banks have been buying gold with a vengeance
“Donald Trump has announced his economic advisory team and unveiled a preliminary broad brush economic program that his prospective administration would implement. He has promised to fill in the details of his America First Economic Plan as the election approaches.”
Source: Grading Trump’s Economic Policy
“The Six Presidents Causing US Bankruptcy By Egon von Greyerz Since Reagan came to power in 1981, the US has had a total of five presidents who have spent ever increasing amounts of money to hang on…”
Source: The Six Presidents Causing US Bankruptcy | Matterhorn – GoldSwitzerland
I spent this morning with three of my colleagues visiting the American Museum of Finance on Wall Street, down the street from the NYSE, the Trump building and a couple of blocks form the New York Fed. Last week I joined the AMOF and will organize a trip in September for my Financial History of the US course. I urge you to join at www.moaf.org
Below are some pictures I took inside the museum. If you will be visiting NYC, I highly recommend spending some time viewing the exhibits, which show how American finance was instrumental in creating our prosperity.
Bull and bear tug of war
Evolution of paper money
Gold, real money
Statue of Hamilton next to a room housing a collection of his works
“Max Keiser Financial War Reports”
Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser
A compelling case to get debt under control and not raise the “gas tax.” Murray Rothbard made the case to repudiate the national debt in 1992.
Source: Grossman: Trust fund and Atlantic City should declare bankruptcy