Big-Spending U.S. Government Running Recession-Like Budget Deficits

With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in July.

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2023 Budget Deficit Already Bigger Than Last Year’s

This is an unsustainable trajectory, especially in a high-interest rate environment.

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Maine Committee Holds Hearing on Bill to Authorize Investment of State Funds in Gold and Silver

Despite the fact that the legislation only allows for the state to invest funds in precious metals, but does not require it, the Maine Office of the State Treasurer lobbied against the bill in a hearing on April 26.

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It’s not Inflation. It’s Depreciation.

The founders and old revolutionaries used the word "depreciation" to describe what we call "inflation" today. Their way is much better - because when people understand that money is worth less (or worthless), it's much easier for them to understand the cause of the problem in the first place.

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A Positive and Hopeful Sign in the Banking Crisis

I consider the withdrawal or transfer of those deposits in the face of all those assurances of the “soundness and resiliency” of the banking system to be a very positive and hopeful sign. It indicates that perhaps a large number of Americans are no longer sheeplings that place their blind trust in the fox.

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Destroy the Economy, Win a Nobel

Bernanke was Fed chairman when the housing bubble, created by his predecessor Alan Greenspan in the wake of the bursting of Greenspan’s tech bubble and the 9-11 attacks, exploded. When the housing market collapsed, Bernanke worked with Congress and the Bush administration to bail out big banks and Wall Street firms.

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