The Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!

Posted by on Mar 25, 2011 in Economy | 0 comments

Banks always are bailed out by the government or the Fed and in Europe’s case, the equivalent of the Fed, the European Central Bank (ECB). The ECB is who is keeping Portugal’s banks afloat. But it’s also the IMF who likes to stick their greedy fingers into the pie, just as they have in many other countries, like Jamaica for example, where they create slaves of the...

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Social Security Will Be There For You, However…

Posted by on Sep 2, 2009 in Economy | 0 comments

First Social Security was supposed to run out of money in 2041.  Then, a study by the Social Security trustees earlier this year showed that funds will run out by 2037.  The same study says that Medicare will not be able to pay its hospital bills in just eight years. So where do the Social Security trustees get their information to make their current projections? Looking at their 2004...

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Digger’s Friday Triple Play

Posted by on Jul 17, 2009 in Budget deficit, Economy, FDIC, Government Spending, Inflation, Recession, U.S. Dollar | 0 comments

Budget Deficit Tops $1 Trillion for First Time The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar. The deficit has been widened by the huge sum the government has spent to ease the recession, combined with a sharp decline in tax revenues. The...

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California Economics Professor Wants to Drive California Off a Cliff

Posted by on May 18, 2009 in California Budget Crisis, Economy, Government Spending, Recession, Taxes | 1 comment

Peter Navarro, Economics Professor, University of California; Irvine, recently wrote an article in his weekly newsletter entitled “California’s Budgetary Car is About to Drive Off a Cliff” In a nutshell, he is asking the California voter to vote tomorrow to pass the various measures that would increase taxes for its citizens.  To not do so, Peter says, would “raise...

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Is Warren Buffet Right About Inflation?

Posted by on May 11, 2009 in Inflation, Taxes | 2 comments

Warren Buffet agrees with me that higher inflation is in our future. I wrote about this likely outcome in February of 2008.  See what i had to say then and what Buffet had to say recently below.  Then read what I say about Buffet’s incorrect presumptions about the future; 2/28/08 – Doug Eberhardt Which Would You Prefer, Higher Taxes or Higher Inflation? Guess what folks? ...

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