Tue, 29 November 2016
Many people are fearing deflation but is this really something to be feared? Not at all! If we had an unhampered, free market deflation would naturally occur in the economy! We would have slowly falling prices because we are more productive and at the same time, real wages are rising! Today, real wages are falling and the Federal Reserve is slowly eating away our purchasing power via inflation! The deflationary death spiral is a myth and can never happen. Only when government gets involved can a great depression like scenario occur.
Tue, 22 November 2016
Prior to Donald Trump being elected, it was said the markets would crash! The stock market is at record highs and the dollar is at a 14 year high! So does this mean our economy has recovered? No, what we are seeing now is short-lived and once Trump is sworn in as the 45th president of the United States, this optimism will have disappeared. The only way out of our excessive debt problem is inflation. They will paper over these debts. QE4 is coming my friends so prepare yourself!
Tue, 15 November 2016
Donald Trump will be the 45th President of the United States. A guy who has never held public office will be serving in the most powerful position in the world. The world of politics today is crazy, to say the least and as some people are happy with this victory, others are crying their eyes out! What will 4 years of a Trump presidency bring us? I fear it will be a much bigger government and we will continue to add to our debt until the day of reckoning finally comes. The biggest conservative voice in the land, Rush Limbaugh, thinks a Trump victory was a repudiation of big government! I think Rush completely misses the boat with this comment among others he made the day after this historic election.
Tue, 8 November 2016
Out of 330 million American our 2 choices for President came down to an alleged criminal or a crony capitalist! Both Hillary Clinton and Donald Trump want to grow the size of government. Our national debt is nearing $20 Trillion in debt and the next president will continue to spend like we don’t have a debt at all! I think we got to this moment because the vast majority of citizens out there are economically illiterate! Nobody understands what truly makes an economy grow and it surely isn’t the government! Unfortunately, those in power think that to get out of a massive debt problem we need to go deeper in debt! Hold on to your hats folks, this economy is going to have a very bumpy ride!
Direct download: jmsEp114-where_the_economic_illiterates_have_led_us.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST
Tue, 1 November 2016
The top 1% pay a 27.1% effective tax rate, while the bottom 50% pay an effective tax rate of 3.3%. And Hillary Clinton says the “rich” don’t pay their fair share!
Hillary says the rich don’t pay their fair share and she wants to go where the money is! Where is most of the money at? The majority of people are in the “middle class!” The dirty little secret is that Hillary will tax the middle class to get through her programs! The top 1% pay an effective tax rate of 27.1%, while the bottom 50% pay an effective tax rate of 3.3%! The rich pay more than their fair share! We are less than a week from Election Day and regardless of who wins the government will continue to grow! Our national debt is approaching $20 trillion and our day of reckoning is fast approaching. Prepare yourself now because the politicians out there will not protect you!