One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that […]
by Prof. Steve Hochstadt A new internet cartoon is capturing public interest by explaining the sources of our worldwide financial distress. Using a clever South Park format, “The American Dream” reveals the hidden enemies of naive Americans, and others around the world, who yearn for financial independence – the US Federal Reserve and all national […]
The U.S. Commerce Department today reported that the country’s 2010 trade deficit was $497.8 billion, an increase of $122.9 billion from 2009. Exports increased from $1.57 trillion to $1.83 trillion, and imports increased from $1.95 trillion to $2.33 trillion. Increased imports are often a sign that the U.S. economy is growing. Imports typically fall during […]
On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean: Unlike the U.S. budget deficit, the size of the trade deficit does not matter. The trade deficit results from people in other countries spending more dollars investing in […]
Last Thursday, Treasury Secretary Tim Geithner sent a letter extolling the impact of Obamacare on small business. Geithner touted small business tax credits and the creation of health insurance exchanges as ways to enable a greater number of employers to offer health benefits. But reality tells a different story. A day earlier, the House Committee […]
This section is commonly referred to as the Appropriations Clause stipulates that “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time,” and effectively grants the legislative […]
Posted by Leon H. Wolf Via USA Today, TARP IG Neil Barofsky has some harsh words for the way the TARP funds have been handled: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to […]
