Tag Archives: united states
American historical documents (for future reference)
I’ve got a book, called American Historical Documents, which, as its title suggests, collects such documents, from around 1000 AD to 1904. This book was originally copyrighted in 1910, so its copyright has, thankfully, expired, loosing it into that great body of works which make up the public domain. You can find a copy of [...]
Posted in uncategorized Also tagged american historical documents, american history, harvard, the us Leave a comment
now watch the five-year treasury
Forgive us our debts, as we forgive our debtors . . . Financial markets have long watched the 10-year and 30-year treasuries because they have long been considered a good indication of long-term interest rates. While I’m sure they are still interesting, I think a more important number to watch now may be the 5-year [...]
Posted in uncategorized Also tagged 5 year treasury, debt, national bankruptcy, national debt, omnipotent government, rollover risk, treasury bonds, treasury yields Leave a comment
gold at 1740
Once I learned the basic facts of economics (and by that I mean Ludwig von Mises’ Human Action), I knew that the price of gold and silver would rise and rise and rise as long as more dollars flew of the physical (and virtual) printing presses of the world, while gold and silver were in [...]
Posted in uncategorized Also tagged china, debt downgrade, democracy, djia, gold price, obama, silver, standard and poors, the dollar Leave a comment
our downhill trip with debt continues
The United States has moved to a new low. Related Posts:now watch the five-year treasuryDo you know what rollover risk is?I’m not the only one . . .Does this make me alarmist? Maybe . . . Misconceptions of the day: our 55 trillion national debt is pretty much held by China
We did not prevent a default.
They say, now, that the various big men in the United States government have reached an agreement and prevented the US from defaulting for the first time. There are three problems here. First, it is not certain that we have indeed reached an agreement. Everyone would like to think we have, but the final test [...]
Do you know what rollover risk is?
If not, read this essay. Rollover risk is why the American warfare-welfare state as we know it is finished. The United States is about to lose all financial credibility. It will be unable to finance its massive social and military spending. There is simply no way to continue the current charade. The exact question is [...]
A possible hyperinflation scenario for the United States
Let’s imagine that we lived in an insane country with a national debt at about 100% of GDP, a monetary base of 2645 billion dollars, and a deficit of 1388 trillion dollars. This will be easy for those of you who live in the Greece. Or the US. This country has a national of about [...]
Posted in uncategorized Also tagged debt to gdp ratio, economics, greece, hyperinflation, interest, republican party Leave a comment
demographics, oil prices, and why the saudis are our buddies
And by ‘our buddies’ I mean allies of the United States government, nothing more. Consider the following: Venezuelan GDP/capita: $11,490. Oil production / person: $3,035. Saudi Arabian GDP/capita: $14,799. Oil production / person: $12,075 You see what’s going on here? Related Posts:pashtunwali appears againUncle Sam doesn’t need more soldiers.American historical documents (for future reference)now watch [...]
Posted in uncategorized Also tagged arepas, diplomatic relations, hugo chavez, oil dependency, oil prices, oil production, saudi arabia Leave a comment
Uncle Sam doesn’t need more soldiers.