US Debt / Default

Why Fiat Money is bad for everyone but the rich. Permanently transfers wealth from poor to rich. Kind of a reverse Robin Hood. #in

Several of my students have been asking me to clarify why “fiat money” is basically bad in all it’s forms — essentially a tax on the poor. The following article focuses on that most obscene example, the US Federal Reserve system however to a lesser degree fiat money is still bad even where governments create …

Why Fiat Money is bad for everyone but the rich. Permanently transfers wealth from poor to rich. Kind of a reverse Robin Hood. #in Read More »

The US Government is likely to default on its debt in the next few years. Are you ready. #fb Do you know what this means for you?

The inevitability of the US defaulting on its debt has been pretty clear to many for the last few years.  The implications of this are not pretty.  This isn’t Greece.  It would likely shut down world trade or at least North American trade, which is what feeds my family, and likely yours. Have you thought about …

The US Government is likely to default on its debt in the next few years. Are you ready. #fb Do you know what this means for you? Read More »