The government Archive

  • It’s interesting how many people think that forcing employers to pay more for unskilled labor is helpful to the economy. The argument goes something like this: Can you imagine living on $10 per hour? That’s nothing. I couldn’t even imagine living on $15 an hour. At least these poor guys can get a raise and survive more comfortably. What they...

    Minimum Wage Maximizes Unemployment of Poor

    It’s interesting how many people think that forcing employers to pay more for unskilled labor is helpful to the economy. The argument goes something like this: Can you imagine living on $10 per hour? That’s nothing. I couldn’t even imagine living on $15 an hour. At least these poor guys can get a raise and survive more comfortably. What they...

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  • Over the past several years Americans have pursued various means of protecting their wealth from the prying hands of an increasingly draconian ruling class. Some, like Mitt Romney, have done a great job. Steve Jobs made it clear that the profits Apple realized outside US borders would stay outside US borders and out of the hands of the tax masters....

    The Great Financial Wall of America

    Over the past several years Americans have pursued various means of protecting their wealth from the prying hands of an increasingly draconian ruling class. Some, like Mitt Romney, have done a great job. Steve Jobs made it clear that the profits Apple realized outside US borders would stay outside US borders and out of the hands of the tax masters....

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  • According to the BLS, current “official” unemployment is just under 8% and dropping. This represents a marked improvement from the high of 10% reached in October, 2009, but still a far cry from the goal of under 5%. The most recent figures show a decrease in unemployment from 7.9 in October to 7.7 in November. Of course, John Williams paints...

    One in Eight US Jobs are Tax Supported

    According to the BLS, current “official” unemployment is just under 8% and dropping. This represents a marked improvement from the high of 10% reached in October, 2009, but still a far cry from the goal of under 5%. The most recent figures show a decrease in unemployment from 7.9 in October to 7.7 in November. Of course, John Williams paints...

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  • Because of other worthy items to focus on over the past couple of weeks, this report isn’t as timely as we’d like. But it’s certainly worth of our consideration, as it’s affecting each and every one of us, to greater or lesser degrees. And, in light of yesterday’s article on debt, concentrating on household income brings greater clarity to the...

    Middle-class America Giving Way to Poverty

    Because of other worthy items to focus on over the past couple of weeks, this report isn’t as timely as we’d like. But it’s certainly worth of our consideration, as it’s affecting each and every one of us, to greater or lesser degrees. And, in light of yesterday’s article on debt, concentrating on household income brings greater clarity to the...

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  • As readers know, the US economy faced incredible obstacles if it is to ever recover. Personally, I don’t think it’s even possible at this point. And I’m not alone. The fact of the matter is, there has never been a country that was able to successfully navigate the illusory waters of fiat currency. It simply is too tempting to manipulate...

    Downgraded Argentina on a Faster Pace Toward Default

    As readers know, the US economy faced incredible obstacles if it is to ever recover. Personally, I don’t think it’s even possible at this point. And I’m not alone. The fact of the matter is, there has never been a country that was able to successfully navigate the illusory waters of fiat currency. It simply is too tempting to manipulate...

    Continue Reading...

  • Earlier in the year we discussed the Iranian sanctions and how there were already mechanisms in place to circumvent it. While it seems apparent that it hasn’t been enough to protect the Iranian economy, these circumventions continue, perhaps even more so. Furthermore, because Turkey serves as a mediator, many of these transactions can take place between U.N. countries and Iran...

    Iran’s Circumvention of Sanctions Good for Gold

    Earlier in the year we discussed the Iranian sanctions and how there were already mechanisms in place to circumvent it. While it seems apparent that it hasn’t been enough to protect the Iranian economy, these circumventions continue, perhaps even more so. Furthermore, because Turkey serves as a mediator, many of these transactions can take place between U.N. countries and Iran...

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  • As we approached the election season it appeared that Obama pretty much had this one wrapped up. In spite of the fact that the underlying foundation of our economy is as bad as it’s been in decades, the markets have shown some strength. In light of this, and the fact that the incumbent basically never loses when markets are up,...

    BO Repeat was Inevitable; so Now What?

    As we approached the election season it appeared that Obama pretty much had this one wrapped up. In spite of the fact that the underlying foundation of our economy is as bad as it’s been in decades, the markets have shown some strength. In light of this, and the fact that the incumbent basically never loses when markets are up,...

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  • As the numbers came in last night it was evident that the inevitable had come to be. While the markets turned down recently, it simply didn’t reveal that sentiment had turned down enough to change the current regime. So, it’s more status quo. We’ll get more taxes. We’ll see more laws enacted. Our freedoms will be suppressed more. And we’ll...

    BO2 Stinks for Markets Today, but Good for Metals Tomorrow

    As the numbers came in last night it was evident that the inevitable had come to be. While the markets turned down recently, it simply didn’t reveal that sentiment had turned down enough to change the current regime. So, it’s more status quo. We’ll get more taxes. We’ll see more laws enacted. Our freedoms will be suppressed more. And we’ll...

    Continue Reading...

  • As another election day draws to a close we await the numbers with varying degrees of interest. Some are on the edge of their seats, viewing the results as paramount in their perspective of the future of the U.S. Others voted, but are pretty resigned to the idea that it’s only a matter of degrees rather than direction. Others only...

    Metals Anticipating Election End?

    As another election day draws to a close we await the numbers with varying degrees of interest. Some are on the edge of their seats, viewing the results as paramount in their perspective of the future of the U.S. Others voted, but are pretty resigned to the idea that it’s only a matter of degrees rather than direction. Others only...

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  • As we enter the weekend, we’re seeing metals weaken into the weekend. This is actually rather exciting, even though it’s causing our positions to drop against the dollar. As I mentioned the other day, Novembers are historically good for metals. With us pressing recent lows, it’s likely that this is setting up a great buying opportunity going into the holidays....

    Metals and Miners Poising For Post-Election Rally?

    As we enter the weekend, we’re seeing metals weaken into the weekend. This is actually rather exciting, even though it’s causing our positions to drop against the dollar. As I mentioned the other day, Novembers are historically good for metals. With us pressing recent lows, it’s likely that this is setting up a great buying opportunity going into the holidays....

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  • With Greece, Spain, Portugal, Italy and other struggling European countries in the spotlight so much, it’s easy for small Cyprus to be relatively ignored. Just a couple of years ago this Mediterranean island, noted for its beauty, incredible weather and wonderful lifestyle, was a top destination for tourists and expats alike. Like Greece, Cyprus had a flourishing economy outside the...

    Cyprus Among Possible ECB Casualties

    With Greece, Spain, Portugal, Italy and other struggling European countries in the spotlight so much, it’s easy for small Cyprus to be relatively ignored. Just a couple of years ago this Mediterranean island, noted for its beauty, incredible weather and wonderful lifestyle, was a top destination for tourists and expats alike. Like Greece, Cyprus had a flourishing economy outside the...

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