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Yes, We Can Trust the Fed. To Keep Devaluing Our Money

Yes, We Can Trust the Fed. To Keep Devaluing Our Money

by Stefan Gleason | Oct 15, 2021 | Federal Reserve

As Congress finally came to an agreement recently to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced and commodity indexes ran up to new multi-year highs. Precious metals markets, meanwhile, staged modest advances after...
Another Huge Budget Shortfall for the Feds

Another Huge Budget Shortfall for the Feds

by Mike Maharrey | May 15, 2021 | Current Events, Economy

The U.S. government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department’s Monthly Treasury...
Another Huge Budget Shortfall for the Feds

The Looming Financial Nightmare: So Much for Living the American Dream

by John Whitehead | Feb 26, 2020 | Current Events, Economy

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” -Frédéric Bastiat, French economist Let’s talk numbers, shall we?...
Federal Spending Is Even Worse Than Advertised

Federal Spending Is Even Worse Than Advertised

by Mike Maharrey | Nov 10, 2019 | Current Events, Economy, Federal Funding

Uncle Sam ran the biggest budget deficit in seven years in fiscal 2019, according to the Treasury Department. The $984 billion deficit amounts to 4.7 percent of GDP. That’s the highest percentage since 2012. It was the fourth consecutive year in which the deficit...
More Excuses While Feds Run Biggest Deficit in Seven Years

More Excuses While Feds Run Biggest Deficit in Seven Years

by Mike Maharrey | Oct 28, 2019 | Current Events, Economy

The Trump administration has outdone itself. After running up the biggest deficit in six years in fiscal 2018, the U.S. government managed to increase that massive budget shortfall by 26 percent in 2019. The Treasury Department released the fiscal year 2019 budget...
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